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Rand Swiss in South Africa — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: only 55% of the weight has data, need 55%
- Safety20%90
- Payouts15%100
- Track record10%60
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Rand SwissThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Rand Swiss (Pty) Ltd, South Africa (director Gary Booysen)
- Local standing
- FSCA-regulated domestic
- Licence as the register states it
- FSCA-authorised Financial Services Provider (specific FSP number not verified at review); JSE-access via DMA
- Leverage for this entity
- Offers forex and futures/CFDs with leverage alongside DMA equities; local & international equities largely unleveraged; leverage on derivatives varies by instrument
- The firm behind it
- Boutique South African stockbroker/wealth manager; awarded SA's Top Stockbroker 2022 and SA's Top Boutique Wealth Manager 2025; provides execution, market insight and portfolio guidance
- What we hold against it
- FSCA/company public warning issued about FRAUDSTERS impersonating Rand Swiss and director Gary Booysen on Telegram (impersonation scam, not the firm itself); firm states it does not operate via social media
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.
Offers forex and futures/CFDs with leverage alongside DMA equities; local & international equities largely unleveraged; leverage on derivatives varies by instrument
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic
- 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.
Accounts
Account types the broker names for this country: ZAR equity accounts (long-term investing), offshore/international investing account, DMA trading account, forex/futures/CFD account, managed/portfolio guidance. 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 Rand Swiss sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| EFT | 24 | 0 | 50 |
| Bank transfer | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 1 local)
EFT / bank transfer;
- EFTlocal
- Bank transfer
- Account currency
- ZAR
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- Direct Market Access (DMA) platform
- forex/futures trading platforms
| Class | Leverage |
|---|---|
| Direct Market Access (DMA) platform | —ZA |
| forex/futures trading platforms | —ZA |
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Authorised by the South Africa regulator in its own register
- Withdrawal in 0 h, one of 86 of 103 brokers here that publish a time
- Payouts 100 of 100, its strongest of 4 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- A regulator warning is on file against this broker
- Platforms 0 of 100, its weakest of 4 scored axes
- Not scored on reviews, round-turn cost: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 8.5ZA
- Min deposit, USD
- 20ZA
- Leverage
- 200ZA
- Rank in this country
- #7
- Round turn, USD
- 4ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 400ZA
- Rank in this country
- #32
- Round turn, USD
- 9ZA
- Min deposit, USD
- 100ZA
- Leverage
- 1000ZA
- Rank in this country
- #35
- Round turn, USD
- 9ZA
- Min deposit, USD
- 25ZA
- Leverage
- 1000ZA
- Rank in this country
- #1
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #34
"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 | Rand Swiss |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 100 |
| Track record | 10% | Years since the firm was founded, from its own filings | 60 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Rand Swiss accept residents of South Africa?
- Yes. FSCA-regulated domestic Onboarding entity: Rand Swiss (Pty) Ltd, South Africa (director Gary Booysen)
- Is Rand Swiss licensed to serve clients in South Africa?
- FSCA-authorised Financial Services Provider (specific FSP number not verified at review); JSE-access via DMA Checked on 11.07.2026.
- Which trading platforms does Rand Swiss support?
- Direct Market Access (DMA) platform, forex/futures trading platforms. Instruments: Local & international equities, ETFs, bonds, forex, futures, CFDs
- How can I withdraw money from Rand Swiss in South Africa?
- EFT / bank transfer; debit order
- What account types does Rand Swiss offer?
- ZAR equity accounts (long-term investing), offshore/international investing account, DMA trading account, forex/futures/CFD account, managed/portfolio guidance
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.randswiss.com/
Not tax advice. Check with SARS.