Visit FxPro
FXCM in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%75
- Round-turn cost20%90
- Safety20%100
- Payouts15%40
- Track record10%100
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Served locally by Stratos South Africa (Pty) Ltd (FXCM South Africa).
- Founded
- 1999
- Retail leverage
- 400ZA
- Round turn
- 7 USDZA
- Currencies
- ZAR supported plus USD/EUR/GBP.
- Swap-free account
- yes
Licence check
Open an account with FXCMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Served locally by Stratos South Africa (Pty) Ltd (FXCM South Africa).
- Local standing
- Locally regulated by FSCA; negative balance protection offered. No FSCA warning verified at review.
- Licence as the register states it
- FSCA-authorized FSP No. 46534 (local licence).
- Leverage for this entity
- Up to 1:400 on majors when equity < USD 20,000; reduced to 1:200 above USD 20,000.
- The firm behind it
- Founded 1999 New York; part of Stratos/Jefferies. Banned from US by CFTC/NFA in 2017 ($7M penalty).
- What we hold against it
- FSCA-licensed local entity; among better-regulated FXCM routes.
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 by FSCA; negative balance protection offered. No FSCA warning verified at review.
- 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 account, min ZAR 70 (~USD 4). 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 FXCM sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 7 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 4 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(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| Local EFT via major SA banks | 24 | 0 | 50 |
| Cards | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 1 local)
Local EFT via major SA banks, cards.
- Local EFT via major SA bankslocal
- Cards
- Account currency
- ZAR supported plus USD/EUR/GBP.
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(8 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- Trading Station
- TradingView
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 0.8 |
| Trading Station | — | 0.8 |
| TradingView | — | 0.8 |
| Forex pairs | 41 | — |
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 | 4.5 | 1,260 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(5 for and 2 against, each tied to a figure on this page)
- Locally authorised, licence 46534, read on 09.07.2026
- Min deposit 4 USD, under the South Africa median 50
- Swap-free account available
- Safety 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, Trading Station, TradingView
- Withdrawal in 72 h, over the South Africa median 24
- Platforms 25 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 6ZA
- Min deposit, USD
- 25ZA
- Leverage
- 500ZA
- Rank in this country
- #6
- Round turn, USD
- 9ZA
- Min deposit, USD
- 25ZA
- Leverage
- 1000ZA
- Rank in this country
- #1
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 2000ZA
- Rank in this country
- #3
- Round turn, USD
- 6ZA
- Min deposit, USD
- 10ZA
- Leverage
- 5000ZA
- Rank in this country
- #5
- 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 | FXCM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 75 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| 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 | 25 |
FAQ
- Does FXCM accept residents of South Africa?
- Yes. Locally regulated by FSCA; negative balance protection offered. No FSCA warning verified at review. Onboarding entity: Served locally by Stratos South Africa (Pty) Ltd (FXCM South Africa).
- Is FXCM licensed to serve clients in South Africa?
- FSCA-authorized FSP No. 46534 (local licence). Checked on 09.07.2026.
- How much does one round turn cost at FXCM?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does FXCM offer to retail clients in South Africa?
- Up to 1:400. Up to 1:400 on majors when equity < USD 20,000; reduced to 1:200 above USD 20,000.
- Which trading platforms does FXCM support?
- MT4, Trading Station, TradingView. Instruments: FX, indices, commodities, crypto CFDs, shares.
- How can I withdraw money from FXCM in South Africa?
- Local EFT via major SA banks, cards.
- What account types does FXCM offer?
- Standard account; min ZAR 70 (~USD 4).
- Does FXCM offer a swap-free (Islamic) account?
- Yes. FXCM 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://fxscouts.co.za/broker/fxcm
Not tax advice. Check with SARS.