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Unum Capital in South Africa — review, licence and costs
Score (5 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%0
- Round-turn cost20%70
- Safety20%100
- Track record10%100
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Unum CapitalThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Unum Capital (Pty) Ltd (formerly Vunani Private Clients), Pretoria/Gauteng
- Local standing
- FSCA-regulated domestic (FSP 564; Advice, Intermediary services, Investment management)
- Licence as the register states it
- FSCA FSP 564 (Category I & II); JSE-access stockbroker
- Leverage for this entity
- Offers leveraged CFDs (forex, indices, commodities) alongside equities; retail CFD leverage per FSCA norms (varies by instrument) - hybrid full-service/online stockbroking with geared products
- The firm behind it
- Rebranded from Vunani Private Clients; South African stockbroking and derivatives firm offering hybrid advice + online trading with an in-house trading academy
- What we hold against it
- Not verified at review (listed on some third-party review aggregators; no confirmed FSCA enforcement found)
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 leveraged CFDs (forex, indices, commodities) alongside equities; retail CFD leverage per FSCA norms (varies by instrument) - hybrid full-service/online stockbroking with geared products
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic (FSP 564; Advice, Intermediary services, Investment management)
- 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: ZAR stockbroking accounts (full-service/advice + online/mobile/phone-in), CFD/derivatives account, ETF/share investing. 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 Unum Capital sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 11 USD · 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(4 platforms)
- MetaTrader 4 (MT4)
- xStation
- IRESS
- ProTrader 3 (PT3)
Identical for every row: Min spread 1.1.
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
- Safety 100 of 100, its strongest of 5 scored axes
- 4 platforms: MetaTrader 4 (MT4), xStation, IRESS, ProTrader 3 (PT3)
- Round turn 11 USD on the standard basis, over the South Africa median 7
- Withdrawal time not published
- Reviews 0 of 100, its weakest of 5 scored axes
- Not scored on payouts: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 9ZA
- Min deposit, USD
- 10 groupZA
- Leverage
- 1000 group
- Rank in this country
- #27
- Round turn, USD
- 8.5ZA
- Min deposit, USD
- 20ZA
- Leverage
- 200ZA
- Rank in this country
- #7
- Round turn, USD
- 13.6ZA
- Min deposit, USD
- 50ZA
- Leverage
- 20ZA
- Rank in this country
- #19
- 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
- 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 | Unum Capital |
|---|---|---|---|
| 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 | 70 |
| 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 | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Unum Capital accept residents of South Africa?
- Yes. FSCA-regulated domestic (FSP 564; Advice, Intermediary services, Investment management) Onboarding entity: Unum Capital (Pty) Ltd (formerly Vunani Private Clients), Pretoria/Gauteng
- Is Unum Capital licensed to serve clients in South Africa?
- FSCA FSP 564 (Category I & II); JSE-access stockbroker Checked on 11.07.2026.
- How much does one round turn cost at Unum Capital?
- About 11.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- Which trading platforms does Unum Capital support?
- MetaTrader 4 (MT4), xStation, IRESS, ProTrader 3 (PT3). Instruments: JSE shares, ETFs, forex CFDs, indices, commodities, cryptocurrency (per marketing)
- How can I withdraw money from Unum Capital in South Africa?
- EFT / bank transfer; debit order
- What account types does Unum Capital offer?
- ZAR stockbroking accounts (full-service/advice + online/mobile/phone-in), CFD/derivatives account, ETF/share investing
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.unum.capital/
Not tax advice. Check with SARS.