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10X Investments in South Africa — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
- Safety20%100
- Track record10%95
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- 10X Investments (Pty) Ltd
- Founded
- 2007
- Min deposit
- 1000 ZAR USDZA
- Currencies
- ZAR
- Swap-free account
- no
Licence check
Open an account with 10X InvestmentsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- 10X Investments (Pty) Ltd
- Local standing
- FSCA-regulated domestic asset manager / retirement administrator
- Licence as the register states it
- FSCA-authorised FSP No. 28250; approved Section 13B Pension Fund Administrator. Not a JSE trading member (index-fund/retirement provider).
- Leverage for this entity
- No retail forex/leverage; index-tracking balanced funds are unleveraged
- The firm behind it
- Founded 2007 by Steven Nathan; low-cost passive/index retirement specialist positioning against high-fee industry (industry avg ~3%, 10X <1% before VAT). Johannesburg-based.
- What we hold against it
- No FSCA enforcement action identified - not verified at review
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.
No retail forex/leverage; index-tracking balanced funds are unleveraged
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic asset manager / retirement administrator
- 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: Retirement annuity (RA), living annuity, preservation fund, unit trusts, TFSA (tax-free), corporate/umbrella retirement funds. 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 10X Investments 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Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it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 · this broker 1000 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 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| EFT | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
EFT, debit order
- EFTlocal
- Account currency
- ZAR
- Fee declared
- 1 of 1 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)
- 10X web platform
- mobile app
| Class | Leverage |
|---|---|
| 10X web platform | —ZA |
| mobile app | —ZA |
Pros and cons(2 for and 5 against, each tied to a figure on this page)
- Locally authorised, licence 28250, read on 11.07.2026
- Safety 100 of 100, its strongest of 3 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Min deposit 1000 USD, over the South Africa median 50
- Withdrawal time not published
- Platforms 15 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 8ZA
- Min deposit, USD
- 300ZA
- Leverage
- 200ZA
- Rank in this country
- #12
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 8.5ZA
- Min deposit, USD
- 20ZA
- Leverage
- 200ZA
- Rank in this country
- #7
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 300ZA
- Rank in this country
- #20
- Round turn, USD
- 9ZA
- Min deposit, USD
- 25ZA
- Leverage
- 1000ZA
- Rank in this country
- #1
- 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 | 10X Investments |
|---|---|---|---|
| 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 | 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 | 95 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 15 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does 10X Investments accept residents of South Africa?
- Yes. FSCA-regulated domestic asset manager / retirement administrator Onboarding entity: 10X Investments (Pty) Ltd
- Is 10X Investments licensed to serve clients in South Africa?
- FSCA-authorised FSP No. 28250; approved Section 13B Pension Fund Administrator. Not a JSE trading member (index-fund/retirement provider). Checked on 11.07.2026.
- Which trading platforms does 10X Investments support?
- 10X web platform, mobile app. Instruments: Index-tracking multi-asset funds (e.g. 10X Your Future Fund), unit trusts, RA/living annuity/preservation portfolios, TFSA funds
- How can I withdraw money from 10X Investments in South Africa?
- EFT, debit order
- What account types does 10X Investments offer?
- Retirement annuity (RA), living annuity, preservation fund, unit trusts, TFSA (tax-free), corporate/umbrella retirement funds
- Does 10X Investments offer a swap-free (Islamic) account?
- No. 10X Investments publishes no swap-free (Islamic) account for South Africa.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.10x.co.za/
Not tax advice. Check with SARS.