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FXGT in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%65
- Round-turn cost20%95
- Safety20%100
- Payouts15%80
- Track record10%35
- Platforms10%80
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- South African clients are onboarded under the local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for global products.
- Founded
- 2019
- Retail leverage
- 5000ZA
- Round turn
- 6 USDZA
- Currencies
- USD, EUR, JPY and ZAR - South Africans can hold a ZAR account and avoid conversion.
- Swap-free account
- yes
Licence check
Open an account with FXGTThe 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 local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for global products.
- Local standing
- Locally regulated: FSCA-authorised FSP, giving conduct oversight (though no statutory compensation fund); higher-leverage products still run via the offshore entity.
- Licence as the register states it
- GT IO Markets (Pty) Ltd is FSCA-authorised (FSP No. 48896, reg. 2015/059344/07); the group's offshore arm is GT Global Ltd (Seychelles FSA SD019).
- Leverage for this entity
- Up to 1:5000 on Optimus; not capped by the FSCA, but the local licence adds conduct oversight.
- The firm behind it
- GT Group brand, launched 2019; crypto-forex hybrid broker with Seychelles/FSCA/Vanuatu/CySEC entities.
- What we hold against it
- Strongest local footing of the 17: FSCA-licensed local entity (FSP 48896); main caveat is high-leverage products routed offshore.
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: FSCA-authorised FSP, giving conduct oversight (though no statutory compensation fund); higher-leverage products still run via the offshore entity.
- 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: Mini, Standard+, Micro/Cent, Pro, ECN Zero, Optimus, commission-free except ECN Zero, min deposit from ~USD 10 / ZAR 150. 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 FXGT 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 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 10 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 1:5000 · 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 (5 methods · 1 local)
Cards, local bank/EFT, e-wallets (Neteller/Skrill/STICPAY) and crypto;
- Cards
- Local bank
- EFTlocal
- E-wallets
- Crypto
- Account currency
- USD, EUR, JPY and ZAR - South Africans can hold a ZAR account and avoid conversion.
- Fee declared
- 5 of 5 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(3 platforms)
- MT4
- MT5
- FXGT WebTrader
Identical for every row: Min spread 0.8 · Leverage 5000 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 1,600 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(7 for and 1 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the South Africa median 7
- Locally authorised, licence 48896, read on 09.07.2026
- Min deposit 10 USD, under the South Africa median 50
- 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
- 3 platforms: MT4, MT5, FXGT WebTrader
- Track record 35 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
- 0 groupZA
- Leverage
- 2000ZA
- Rank in this country
- #3
- Round turn, USD
- 6ZA
- Min deposit, USD
- 25ZA
- Leverage
- 500ZA
- Rank in this country
- #6
- Round turn, USD
- 6ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 500 group
- Rank in this country
- #4
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 1000ZA
- Rank in this country
- #10
- Round turn, USD
- 7ZA
- Min deposit, USD
- 4ZA
- Leverage
- 400ZA
- Rank in this country
- #11
"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 | FXGT |
|---|---|---|---|
| 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 | 95 |
| 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 | 35 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 80 |
FAQ
- Does FXGT accept residents of South Africa?
- Yes. Locally regulated: FSCA-authorised FSP, giving conduct oversight (though no statutory compensation fund); higher-leverage products still run via the offshore entity. Onboarding entity: South African clients are onboarded under the local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for global products.
- Is FXGT licensed to serve clients in South Africa?
- GT IO Markets (Pty) Ltd is FSCA-authorised (FSP No. 48896, reg. 2015/059344/07); the group's offshore arm is GT Global Ltd (Seychelles FSA SD019). Checked on 09.07.2026.
- How much does one round turn cost at FXGT?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does FXGT offer to retail clients in South Africa?
- Up to 1:5000. Up to 1:5000 on Optimus; not capped by the FSCA, but the local licence adds conduct oversight.
- Which trading platforms does FXGT support?
- MT4, MT5, FXGT WebTrader. Instruments: 50+ FX pairs, 30+ crypto CFDs, synthetic crypto pairs, 50+ US share CFDs, 10+ indices, metals and energy CFDs.
- How can I withdraw money from FXGT in South Africa?
- Cards, local bank/EFT, e-wallets (Neteller/Skrill/STICPAY) and crypto; ZAR deposits supported.
- What account types does FXGT offer?
- Mini, Standard+, Micro/Cent, Pro, ECN Zero and Optimus; commission-free except ECN Zero; min deposit from ~USD 10 / ZAR 150.
- Does FXGT offer a swap-free (Islamic) account?
- Yes. FXGT 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://fxgt.com
Not tax advice. Check with SARS.