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FNB Share Investing in South Africa — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%0
- Safety20%100
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with FNB Share InvestingThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- of FirstRand Bank Ltd
- Local standing
- FSCA-regulated domestic; JSE member; SARB-regulated bank group
- Licence as the register states it
- Authorised Financial Services Provider and JSE member (FirstRand Bank Ltd is FSP 3071); specific stockbroking FSP not separately verified at review
- Leverage for this entity
- No retail forex; JSE equities/ETFs unleveraged; single-stock and index CFDs offered under separate FNB CFD/geared products (leverage varies) - not a core Share Investing feature
- The firm behind it
- Stockbroking arm of FNB, a division of FirstRand Bank Ltd (JSE: FSR), one of South Africa's largest banking groups; integrated into FNB digital banking
- What we hold against it
- Not verified at review (major regulated bank; no specific 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.
No retail forex; JSE equities/ETFs unleveraged; single-stock and index CFDs offered under separate FNB CFD/geared products (leverage varies) - not a core Share Investing feature
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic; JSE member; SARB-regulated bank group
- 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 cash accounts: Share Builder, Share Investor, Share Trader (active), Tax-Free Shares Account (TFSA), investing via Online Banking / FNB App. 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 FNB Share Investing 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Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it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)
Deposit and withdrawal methods (1 methods · 0 local rails)
Funded directly from linked FNB bank account (EFT / instant transfer within FNB);
- Account currency
- ZAR
- Fee declared
- 0 of 0 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(3 platforms)
- FNB Online Banking
- FNB Banking App
- FNB Share Investing web portal
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 04.10.2026 | 1.3 | 6,566 |
Share of reviewers in South Africa: — The platform does not publish it.
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 3 scored axes
- 3 platforms: FNB Online Banking, FNB Banking App, FNB Share Investing web portal
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Reviews 0 of 100, its weakest of 3 scored axes
- Not scored on round-turn cost, payouts, track record: 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
- 13.6ZA
- Min deposit, USD
- 50ZA
- Leverage
- 20ZA
- Rank in this country
- #19
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 300ZA
- Rank in this country
- #20
- 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
- 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 | FNB Share Investing |
|---|---|---|---|
| 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 | — |
| 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 | — |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 15 |
FAQ
- Does FNB Share Investing accept residents of South Africa?
- Yes. FSCA-regulated domestic; JSE member; SARB-regulated bank group Onboarding entity: of FirstRand Bank Ltd
- Is FNB Share Investing licensed to serve clients in South Africa?
- Authorised Financial Services Provider and JSE member (FirstRand Bank Ltd is FSP 3071); specific stockbroking FSP not separately verified at review Checked on 11.07.2026.
- Which trading platforms does FNB Share Investing support?
- FNB Online Banking, FNB Banking App, FNB Share Investing web portal. Instruments: JSE-listed shares (Top 100 for TFSA), ETFs, geared/CFD products via FNB; bundled with bank ecosystem
- How can I withdraw money from FNB Share Investing in South Africa?
- Funded directly from linked FNB bank account (EFT / instant transfer within FNB); debit order for recurring TFSA/Share Builder contributions
- What account types does FNB Share Investing offer?
- ZAR cash accounts: Share Builder, Share Investor, Share Trader (active); Tax-Free Shares Account (TFSA); investing via Online Banking / FNB App
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.fnb.co.za/share-investing/
Not tax advice. Check with SARS.