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Investec Online / Clarity in South Africa — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
- Safety20%90
- Track record10%100
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Investec Online / ClarityThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Investec Bank Ltd
- Local standing
- FSCA-regulated domestic (bank-owned share trading + CFD-based investing app)
- Licence as the register states it
- FSCA authorised financial services provider; Investec is a member of the JSE Equity, Equity Derivatives, Currency Derivatives, Bond Derivatives and Interest Rate Derivatives Markets. Specific FSP number not verified at review.
- Leverage for this entity
- Investec Online share trading: no retail forex, equities mostly unleveraged. Clarity: invest/trade via Investec-issued CFDs (single-stock CFD structure) rather than high-leverage forex.
- The firm behind it
- Investec Bank Ltd — specialist SA/UK bank and wealth manager, JSE member. Clarity is its low-cost trading/investing app (launched Feb 2025) positioned against EasyEquities.
- What we hold against it
- not verified at review
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.
Investec Online share trading: no retail forex, equities mostly unleveraged. Clarity: invest/trade via Investec-issued CFDs (single-stock CFD structure) rather than high-leverage forex.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic (bank-owned share trading + CFD-based investing app)
- 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.
Accounts
Account types the broker names for this country: Investec Online Share Trading account (ZAR/local + offshore), Clarity investing account (from R25 min deposit), TFSA availability on Clarity not verified at review. 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 Investec Online / Clarity sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 25 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 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| EFT | 24 | 0 | 50 |
| Bank transfer | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 1 local)
EFT / bank transfer, debit order (Investec banking);
- EFTlocal
- Bank transfer
- Account currency
- ZAR
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- Investec Online Share Trading platform
- Clarity mobile app
| Class | Leverage |
|---|---|
| Investec Online Share Trading platform | —ZA |
| Clarity mobile app | —ZA |
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Authorised by the South Africa regulator in its own register
- Min deposit 25 USD, under the South Africa median 50
- Track record 100 of 100, its strongest of 3 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 15 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: 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
- 8.5ZA
- Min deposit, USD
- 20ZA
- Leverage
- 200ZA
- Rank in this country
- #7
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 300ZA
- Rank in this country
- #20
- Round turn, USD
- 4ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 400ZA
- Rank in this country
- #32
- Round turn, USD
- 9ZA
- Min deposit, USD
- 100ZA
- Leverage
- 1000ZA
- Rank in this country
- #35
- 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 | Investec Online / Clarity |
|---|---|---|---|
| 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 | — |
| 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 | — |
| 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 | 15 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Investec Online / Clarity accept residents of South Africa?
- Yes. FSCA-regulated domestic (bank-owned share trading + CFD-based investing app) Onboarding entity: Investec Bank Ltd
- Is Investec Online / Clarity licensed to serve clients in South Africa?
- FSCA authorised financial services provider; Investec is a member of the JSE Equity, Equity Derivatives, Currency Derivatives, Bond Derivatives and Interest Rate Derivatives Markets. Specific FSP number not verified at review. Checked on 11.07.2026.
- Which trading platforms does Investec Online / Clarity support?
- Investec Online Share Trading platform, Clarity mobile app. Instruments: JSE-listed shares & ETFs, local & global shares/ETFs; Clarity offers 600-750+ local & international shares/ETFs via Investec-issued CFDs
- How can I withdraw money from Investec Online / Clarity in South Africa?
- EFT / bank transfer, debit order (Investec banking); specifics not verified at review
- What account types does Investec Online / Clarity offer?
- Investec Online Share Trading account (ZAR/local + offshore), Clarity investing account (from R25 min deposit); TFSA availability on Clarity not verified at review
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.investec.com/en_za/investment/self-managed-investing/online-stockbroking.html
Not tax advice. Check with SARS.