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CMC Markets in South Africa — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%65
- Safety20%0
- Payouts15%60
- Track record10%100
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with CMC MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- CMC Markets does not accept clients resident in South Africa; South Africa is on CMC's excluded-countries list.
- Local standing
- Not served; no FSCA authorisation and no offshore onboarding offered for SA residents.
- Licence as the register states it
- No CMC entity holds an FSCA licence; not applicable.
- Leverage for this entity
- not applicable
- The firm behind it
- Founded 1989, HQ London, listed on the London Stock Exchange; long-established global CFD/spread-betting broker.
- What we hold against it
- Tier-1 regulated group; South Africa outside its accepted markets despite a large local CFD demand.
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.
"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.
Client protection
- Local entity onboards youNot served; no FSCA authorisation and no offshore onboarding offered for SA residents.
- 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: not applicable. 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 CMC Markets 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Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it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Median 50 USD · range 0-1000 · this broker 0 USD · 54 of 103 brokers do not publish it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Median 1:500 · range 20-5000 · this broker 1:200 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
not applicable
- Account currency
- not applicable
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(6 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(1 platform)
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| All instruments | 12000+ | — | 200ZA |
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.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 2,061 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(2 for and 6 against, each tied to a figure on this page)
- Min deposit 0 USD, under the South Africa median 50
- Track record 100 of 100, its strongest of 5 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- No South Africa authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Withdrawal in 48 h, over the South Africa median 24
- Safety 0 of 100, its weakest of 5 scored axes
- Not scored on 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
- 9ZA
- Min deposit, USD
- 0 groupZA
- Rank in this country
- #60
- Round turn, USD
- 5ZA
- Min deposit, USD
- 0ZA
- Rank in this country
- #58
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0 groupZA
- Rank in this country
- #67
- Round turn, USD
- 5ZA
- Min deposit, USD
- 10ZA
- Leverage
- 500ZA
- Rank in this country
- #17
- Round turn, USD
- 4.5ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #18
- Round turn, USD
- 8.5ZA
- Min deposit, USD
- 20ZA
- Leverage
- 200ZA
- Rank in this country
- #7
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 | CMC Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 65 |
| 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 | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| 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 | 0 |
FAQ
- Does CMC Markets accept residents of South Africa?
- No. Not served; no FSCA authorisation and no offshore onboarding offered for SA residents. Onboarding entity: CMC Markets does not accept clients resident in South Africa; South Africa is on CMC's excluded-countries list.
- Is CMC Markets licensed to serve clients in South Africa?
- No CMC entity holds an FSCA licence; not applicable. Checked on 09.07.2026.
- What leverage does CMC Markets offer to retail clients in South Africa?
- Up to 1:200. +44 (0)20 7170 8200 [email protected] Create account 0.0 Pips FX minimum spread ¹ 1:200 Maximum retail leverage 0.01 Micro lot trading* 12,000 Financial instruments 24/5 Dedicated cust
- How can I withdraw money from CMC Markets in South Africa?
- not applicable
- What account types does CMC Markets offer?
- not applicable
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://tradersunion.com/brokers/forex/view/cmc-markets/available-countries
Not tax advice. Check with SARS.