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FP Markets in South Africa — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no reviews
- Round-turn cost20%92.5
- Safety20%100
- Payouts15%40
- Track record10%100
- Platforms10%70
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- South African clients are onboarded under the locally licensed entity FP Markets (Pty) Ltd, an FSCA-authorised financial services provider.
- Founded
- 2005
- Retail leverage
- 500ZA
- Round turn
- 6.5 USDZA
- Currencies
- USD/EUR/GBP/AUD and others; dedicated ZAR base-currency account not verified at review.
- Swap-free account
- yes
Licence check
Open an account with FP MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- South African clients are onboarded under the locally licensed entity FP Markets (Pty) Ltd, an FSCA-authorised financial services provider.
- Local standing
- Locally regulated in South Africa by the FSCA as an authorised FSP - a genuine local licence, not merely offshore.
- Licence as the register states it
- Local licence: FSCA (Financial Sector Conduct Authority) FSP No. 50926, authorised 10 May 2022; group also holds ASIC/CySEC.
- Leverage for this entity
- Up to 1:500 on forex; the FSCA does not impose a hard retail leverage cap.
- The firm behind it
- Founded 2005, HQ Sydney, Australia; multi-regulated global forex/CFD broker.
- What we hold against it
- Positive - genuine FSCA local licence; not on the FSCA warning list; caveat is offshore entity use if onboarded outside the SA FSP.
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 youLocally regulated in South Africa by the FSCA as an authorised FSP - a genuine local licence, not merely offshore.
- 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 (commission-free), Raw (0.0 pip + commission) on MT4/MT5/cTrader/TradingView, min deposit USD 100. 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 FP Markets sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 6.5 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 100 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 1:500 · 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 · 0 local rails)
Cards, bank wire and e-wallets (Skrill/Neteller);
- Cards
- Bank wire
- E-wallets
- Account currency
- USD/EUR/GBP/AUD and others; dedicated ZAR base-currency account not verified at review.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(14 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
- cTrader
- TradingView
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1 |
| MT5 | — | 1 |
| cTrader | — | 1 |
| TradingView | — | 1 |
| All instruments | 10000+ | — |
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.
— the broker does not publish this figure; it is not read as a zero and it is not scored.
Identical for every row: Leverage 500 ZA.
Pros and cons(5 for and 4 against, each tied to a figure on this page)
- Round turn 6.5 USD on the raw + commission basis, under the South Africa median 7
- Locally authorised, licence 50926, read on 09.07.2026
- Swap-free account available
- Safety 100 of 100, its strongest of 5 scored axes
- 4 platforms: MT4, MT5, cTrader, TradingView
- Min deposit 100 USD, over the South Africa median 50
- Withdrawal in 72 h, over the South Africa median 24
- Payouts 40 of 100, its weakest of 5 scored axes
- Not scored on reviews: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 300ZA
- Rank in this country
- #20
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 2000ZA
- Rank in this country
- #3
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 9ZA
- Min deposit, USD
- 100ZA
- Leverage
- 400ZA
- Rank in this country
- #9
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 1000ZA
- Rank in this country
- #10
- Round turn, USD
- 5ZA
- Min deposit, USD
- 10ZA
- Leverage
- 500ZA
- Rank in this country
- #17
"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 | FP Markets |
|---|---|---|---|
| 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 | 92 |
| 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 | 40 |
| 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 | 70 |
FAQ
- Does FP Markets accept residents of South Africa?
- Yes. Locally regulated in South Africa by the FSCA as an authorised FSP - a genuine local licence, not merely offshore. Onboarding entity: South African clients are onboarded under the locally licensed entity FP Markets (Pty) Ltd, an FSCA-authorised financial services provider.
- Is FP Markets licensed to serve clients in South Africa?
- Local licence: FSCA (Financial Sector Conduct Authority) FSP No. 50926, authorised 10 May 2022; group also holds ASIC/CySEC. Checked on 09.07.2026.
- How much does one round turn cost at FP Markets?
- About 6.5 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does FP Markets offer to retail clients in South Africa?
- Up to 1:500. Up to 1:500 on forex; the FSCA does not impose a hard retail leverage cap.
- Which trading platforms does FP Markets support?
- MT4, MT5, cTrader, TradingView. Instruments: 10,000+ CFDs: 60+ FX pairs, indices, commodities, shares, ETFs, bonds and crypto CFDs.
- How can I withdraw money from FP Markets in South Africa?
- Cards, bank wire and e-wallets (Skrill/Neteller); local ZAR instant-EFT availability not verified at review.
- What account types does FP Markets offer?
- Standard (commission-free) and Raw (0.0 pip + commission) on MT4/MT5/cTrader/TradingView; min deposit USD 100.
- Does FP Markets offer a swap-free (Islamic) account?
- Yes. FP Markets 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://fpmarkets.com/regulation
Not tax advice. Check with SARS.