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ATFX in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%25
- Round-turn cost20%65
- Safety20%100
- Payouts15%80
- Track record10%45
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- AT Global Markets SA (Pty) Ltd (ATFX SA), Cape Town.
- Founded
- 2017
- Retail leverage
- 400ZA
- Round turn
- 12 USDZA
- Currencies
- USD (EUR/GBP); ZAR account availability not verified at review.
- Swap-free account
- yes
"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.
Licence check
Open an account with ATFXThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- AT Global Markets SA (Pty) Ltd (ATFX SA), Cape Town.
- Local standing
- Onshore FSCA-regulated; authorised to serve SA retail. No adverse FSCA notice found.
- Licence as the register states it
- FSCA FSP no. 44816; Category I (non-discretionary) & II (discretionary) + OTC Derivatives Provider. Genuine local FSCA licence.
- Leverage for this entity
- Up to ~1:400 (FSCA imposes no hard retail cap; account dependent).
- The firm behind it
- ATFX founded 2017; HQ London/Hong Kong; multi-entity global CFD broker.
- What we hold against it
- Holds genuine FSCA licence (FSP 44816); regarded as onshore-regulated in SA.
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 youOnshore FSCA-regulated; authorised to serve SA retail. No adverse FSCA notice found.
- 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 / Edge / Premium, demo. 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 ATFX sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 12 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 500 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 1:400 · 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 (3 methods · 1 local)
Cards, bank/EFT wire, e-wallets;
- Cards
- EFT wirelocal
- E-wallets
- Account currency
- USD (EUR/GBP); ZAR account availability not verified at review.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(5 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- MT4
- MT5
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.2 |
| MT5 | — | 1.2 |
| Forex pairs | 40+ | — |
| Shares | 300+ | — |
| Indices | 15+ | — |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Identical for every row: Leverage 400 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.5 | 134 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(4 for and 3 against, each tied to a figure on this page)
- Locally authorised, licence 44816, read on 09.07.2026
- 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
- Round turn 12 USD on the standard basis, over the South Africa median 7
- Min deposit 500 USD, over the South Africa median 50
- Reviews 25 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 9ZA
- Min deposit, USD
- 100ZA
- Leverage
- 400ZA
- Rank in this country
- #9
- 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
- 8ZA
- Min deposit, USD
- 300ZA
- Leverage
- 200ZA
- Rank in this country
- #12
- Round turn, USD
- 9ZA
- Min deposit, USD
- 100ZA
- Leverage
- 1000ZA
- Rank in this country
- #35
- Round turn, USD
- 1ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #38
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 | ATFX |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 25 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 65 |
| 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 | 45 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does ATFX accept residents of South Africa?
- Yes. Onshore FSCA-regulated; authorised to serve SA retail. No adverse FSCA notice found. Onboarding entity: AT Global Markets SA (Pty) Ltd (ATFX SA), Cape Town.
- Is ATFX licensed to serve clients in South Africa?
- FSCA FSP no. 44816; Category I (non-discretionary) & II (discretionary) + OTC Derivatives Provider. Genuine local FSCA licence. Checked on 09.07.2026.
- How much does one round turn cost at ATFX?
- About 12.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does ATFX offer to retail clients in South Africa?
- Up to 1:400. Up to ~1:400 (FSCA imposes no hard retail cap; account dependent).
- Which trading platforms does ATFX support?
- MT4, MT5. Instruments: FX, indices, commodities, shares/ETF CFDs.
- How can I withdraw money from ATFX in South Africa?
- Cards, bank/EFT wire, e-wallets; specific SA rails not verified at review.
- What account types does ATFX offer?
- Standard / Edge / Premium; demo.
- Does ATFX offer a swap-free (Islamic) account?
- Yes. ATFX 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://atfx.com/en-za/about-us/atfx-regulators
Not tax advice. Check with SARS.