Visit FxPro
IG Markets in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%80
- Round-turn cost20%57
- 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 MarketsThe 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 Ltd
- Local standing
- Locally FSCA-authorised entity exists, but new-client onboarding shifted offshore amid ODP-licence dispute — verify current status before opening.
- Licence as the register states it
- FSCA-authorised FSP No. 41393 (ODP licence denied; IG appealing per 2024-25 reports).
- Leverage for this entity
- Local FSCA offering historically higher than EU caps; offshore up to ~1:200.
- The firm behind it
- IG Group, LSE-listed (FTSE 250), founded 1974; IGMSA established 2010.
- What we hold against it
- Locally licensed (FSP 41393) and reputable, but ODP-licence denial/appeal and onboarding shift create current-status uncertainty.
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 FSCA-authorised entity exists, but new-client onboarding shifted offshore amid ODP-licence dispute — verify current status before opening.
- 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/share dealing, retail. Min bank transfer ~$0, card ~$300. 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 sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 13.6 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 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 1:20 · 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 transfer, PayPal.
- Cards
- Bank transfer
- PayPal
- Account currency
- USD, GBP, EUR; ZAR not confirmed.
- 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(6 platforms)
- IG web/app
- ProRealTime
- L2 Dealer
- MT4
- TradingView
| Class | Count | Min spread |
|---|---|---|
| IG web/app | — | 0.6 |
| ProRealTime | — | 0.6 |
| L2 Dealer | — | 0.6 |
| MT4 | — | 0.6 |
| TradingView | — | 0.6 |
| All instruments | 17000 | — |
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 20 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | — |
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 09.07.2026
- Track record 100 of 100, its strongest of 6 scored axes
- 5 platforms: IG web/app, ProRealTime, L2 Dealer, MT4
- Round turn 13.6 USD on the raw + commission basis, over the South Africa median 7
- A regulator warning is on file against this broker
- Withdrawal in 72 h, over the South Africa median 24
- Payouts 40 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 12ZA
- Min deposit, USD
- 500 groupZA
- Leverage
- 400ZA
- Rank in this country
- #39
- Round turn, USD
- 7ZA
- Min deposit, USD
- 50ZA
- Leverage
- 500ZA
- Rank in this country
- #8
- 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
- 15ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 500ZA
- Rank in this country
- #50
- 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 |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 57 |
| 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 accept residents of South Africa?
- Yes. Locally FSCA-authorised entity exists, but new-client onboarding shifted offshore amid ODP-licence dispute — verify current status before opening. Onboarding entity: IG Markets South Africa Ltd
- Is IG Markets licensed to serve clients in South Africa?
- FSCA-authorised FSP No. 41393 (ODP licence denied; IG appealing per 2024-25 reports). Checked on 09.07.2026.
- How much does one round turn cost at IG Markets?
- About 13.6 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does IG Markets offer to retail clients in South Africa?
- Up to 1:20. FTSE 100 ... Retail ... Leverage equivalent ... 1:20
- Which trading platforms does IG Markets support?
- IG web/app, ProRealTime, L2 Dealer, MT4, TradingView. Instruments: 17,000+ markets: FX, indices, shares, commodities.
- How can I withdraw money from IG Markets in South Africa?
- Cards, bank transfer, PayPal.
- What account types does IG Markets offer?
- CFD/share dealing; retail. Min bank transfer ~$0, card ~$300.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://ig.com/za
Not tax advice. Check with SARS.