Visit FxPro
IG Markets SA in South Africa — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no reviews
- Round-turn cost20%87.5
- Safety20%90
- Payouts15%40
- Track record10%100
- Platforms10%55
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with IG Markets SAThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- IG Markets South Africa Limited
- Local standing
- FSCA-regulated domestic (leveraged CFD/forex). NOTE: IG Markets SA is winding down new local trading accounts; new applications routed to IG International.
- Licence as the register states it
- FSCA authorised FSP No. 41393; authorised over-the-counter derivative provider (ODP)
- Leverage for this entity
- Leveraged CFDs: default ~1:30 forex, ~1:20 indices/commodities, ~1:5 shares (retail defaults)
- The firm behind it
- South African arm of IG Group (global CFD/forex broker, LSE-listed parent); FSCA-authorised ODP
- What we hold against it
- not verified at review (note operational change: SA retail trading accounts being discontinued, migrating to IG International)
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 youFSCA-regulated domestic (leveraged CFD/forex). NOTE: IG Markets SA is winding down new local trading accounts; new applications routed to IG International.
- 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: CFD Trading Account, IG Professional Account (min deposit ~R4, 000), demo. NOTE: new local trading accounts being discontinued, existing international/offshore accounts unaffected. 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 IG Markets SA sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 7.5 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 50 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 1:30 · 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 · 1 local)
EFT / bank transfer, debit/credit card;
- EFTlocal
- Bank transfer
- Credit card
- Account currency
- ZAR
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(3 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(7 platforms)
- IG proprietary web platform & app
- MT4
- ProRealTime
| Class | Count | Min spread |
|---|---|---|
| IG proprietary web platform & app | — | 0.75 |
| MT4 | — | 0.75 |
| ProRealTime | — | 0.75 |
| Forex pairs | 80 | — |
| Indices | 80 | — |
| Commodities | 35 | — |
| Crypto | 10 | — |
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 30 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.4 | 5 |
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)
- Locally authorised, licence 41393, read on 11.07.2026
- Track record 100 of 100, its strongest of 5 scored axes
- 3 platforms: IG proprietary web platform & app, MT4, ProRealTime
- Round turn 7.5 USD on the standard basis, over the South Africa median 7
- 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
- 13.6ZA
- Min deposit, USD
- 50ZA
- Leverage
- 20ZA
- Rank in this country
- #19
- 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
- 300ZA
- Rank in this country
- #20
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 8ZA
- Min deposit, USD
- 300ZA
- Leverage
- 200ZA
- Rank in this country
- #12
- 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 | IG Markets SA |
|---|---|---|---|
| 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 | 88 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| 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 | 55 |
FAQ
- Does IG Markets SA accept residents of South Africa?
- Yes. FSCA-regulated domestic (leveraged CFD/forex). NOTE: IG Markets SA is winding down new local trading accounts; new applications routed to IG International. Onboarding entity: IG Markets South Africa Limited
- Is IG Markets SA licensed to serve clients in South Africa?
- FSCA authorised FSP No. 41393; authorised over-the-counter derivative provider (ODP) Checked on 11.07.2026.
- How much does one round turn cost at IG Markets SA?
- About 7.5 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does IG Markets SA offer to retail clients in South Africa?
- Up to 1:30. Leveraged CFDs: default ~1:30 forex, ~1:20 indices/commodities, ~1:5 shares (retail defaults)
- Which trading platforms does IG Markets SA support?
- IG proprietary web platform & app, MT4, ProRealTime. Instruments: 17,000+ markets: forex, indices, shares/share CFDs, commodities, ETFs, cryptocurrencies, options, interest rates
- How can I withdraw money from IG Markets SA in South Africa?
- EFT / bank transfer, debit/credit card; specifics not verified at review
- What account types does IG Markets SA offer?
- CFD Trading Account, IG Professional Account (min deposit ~R4,000); demo. NOTE: new local trading accounts being discontinued, existing international/offshore accounts unaffected.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.ig.com/za
Not tax advice. Check with SARS.