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FXTM in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%0
- Round-turn cost20%45
- Safety20%100
- Payouts15%80
- Track record10%75
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- ForexTime Ltd
- Founded
- 2011
- Retail leverage
- 2000ZA
- Round turn
- 16 USDZA
- Currencies
- USD, EUR, GBP; no ZAR account — a drawback vs many FSCA peers.
- Swap-free account
- yes
Licence check
Open an account with FXTMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- ForexTime Ltd
- Local standing
- Genuinely FSCA-authorised in South Africa; among the compliant FSCA brokers.
- Licence as the register states it
- LOCAL FSCA licence FSP No. 46614 (ForexTime Ltd) — positive local regulation.
- Leverage for this entity
- Up to 1:2000 (FSCA does not cap retail leverage).
- The firm behind it
- FXTM founded 2011 Cyprus, Exinity group; established SA presence and seminars.
- What we hold against it
- Strong: local FSCA FSP 46614 + SA office; only notable gap is no ZAR-denominated account.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youGenuinely FSCA-authorised in South Africa; among the compliant FSCA brokers.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard/Cent/ECN range + Advantage / Advantage Plus / Advantage Stocks, Islamic available. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where FXTM sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 16 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 10 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:2000 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 2 local)
Local EFT/instant EFT (e.g.
- Local EFTlocal
- instant EFTlocal
- Cards
- Bank wire
- E-wallets
- Account currency
- USD, EUR, GBP; no ZAR account — a drawback vs many FSCA peers.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(19 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- FXTM app
Identical for every row: Min spread 1.6 · Leverage 2000 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 2.8 | 92 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(6 for and 2 against, each tied to a figure on this page)
- Locally authorised, licence 46614, read on 09.07.2026
- Min deposit 10 USD, under the South Africa median 50
- Withdrawal in 24 h, one of 86 of 103 brokers here that publish a time
- Swap-free account available
- Safety 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, FXTM app
- Round turn 16 USD on the standard basis, over the South Africa median 7
- Reviews 0 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 18ZA
- Min deposit, USD
- 100ZA
- Leverage
- 500ZA
- Rank in this country
- #44
- Round turn, USD
- 9ZA
- Min deposit, USD
- 25ZA
- Leverage
- 1000ZA
- Rank in this country
- #1
- Round turn, USD
- 12ZA
- Min deposit, USD
- 500 groupZA
- Leverage
- 400ZA
- Rank in this country
- #39
- Round turn, USD
- 9ZA
- Min deposit, USD
- 10 groupZA
- Leverage
- 1000 group
- Rank in this country
- #27
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 1ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #38
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology
| Axis | Weight | What is measured | FXTM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 0 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 45 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 75 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does FXTM accept residents of South Africa?
- Yes. Genuinely FSCA-authorised in South Africa; among the compliant FSCA brokers. Onboarding entity: ForexTime Ltd
- Is FXTM licensed to serve clients in South Africa?
- LOCAL FSCA licence FSP No. 46614 (ForexTime Ltd) — positive local regulation. Checked on 09.07.2026.
- How much does one round turn cost at FXTM?
- About 16.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does FXTM offer to retail clients in South Africa?
- Up to 1:2000. Up to 1:2000 (FSCA does not cap retail leverage)
- Which trading platforms does FXTM support?
- MT4, MT5, FXTM app. Instruments: 1000+ CFDs: FX, indices, commodities, stock CFDs, limited crypto CFDs.
- How can I withdraw money from FXTM in South Africa?
- Local EFT/instant EFT (e.g. Ozow), cards, bank wire, e-wallets.
- What account types does FXTM offer?
- Standard/Cent/ECN range + Advantage / Advantage Plus / Advantage Stocks; Islamic available.
- Does FXTM offer a swap-free (Islamic) account?
- Yes. FXTM offers a swap-free (Islamic) account to South Africa residents.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://fsca.co.za
Not tax advice. Check with SARS.