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Momentum Securities 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%100
- Track record10%100
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Momentum SecuritiesThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- of Momentum Group Ltd
- Local standing
- FSCA-regulated domestic (FSP 29547); JSE member
- Licence as the register states it
- FSCA FSP 29547; JSE member
- Leverage for this entity
- No retail forex; JSE equities/ETFs unleveraged; derivatives (incl. single-stock/index) offered where applicable (leverage varies) - primarily advised stockbroking
- The firm behind it
- Stockbroking arm of Momentum Group Ltd, a major JSE-listed South African financial services group with roots dating to 1938; offers advised equities, portfolio management and offshore investing
- What we hold against it
- Not verified at review (large regulated group; no specific FSCA enforcement against Momentum Securities found)
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.
No retail forex; JSE equities/ETFs unleveraged; derivatives (incl. single-stock/index) offered where applicable (leverage varies) - primarily advised stockbroking
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic (FSP 29547); JSE member
- 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: ZAR stockbroking accounts, Tax-Free Savings Account (TFSA), local portfolios, offshore/USD portfolios, managed/advisory portfolios. 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 Momentum Securities 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Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it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Median 50 USD · range 0-1000 · 54 of 103 brokers do not publish it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;
- 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(1 platform)
- Momentum Securities online trading portal (trade.momentumsecurities.co.za)
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Momentum Securities online trading portal (trade.momentumsecurities.co.za) | — | — | —ZA |
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.
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Authorised by the South Africa regulator in its own register
- Safety 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 0 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
- 8.5ZA
- Min deposit, USD
- 20ZA
- Leverage
- 200ZA
- Rank in this country
- #7
- Round turn, USD
- 13.6ZA
- Min deposit, USD
- 50ZA
- Leverage
- 20ZA
- Rank in this country
- #19
- 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 | Momentum Securities |
|---|---|---|---|
| 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 | 100 |
| 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 | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Momentum Securities accept residents of South Africa?
- Yes. FSCA-regulated domestic (FSP 29547); JSE member Onboarding entity: of Momentum Group Ltd
- Is Momentum Securities licensed to serve clients in South Africa?
- FSCA FSP 29547; JSE member Checked on 11.07.2026.
- Which trading platforms does Momentum Securities support?
- Momentum Securities online trading portal (trade.momentumsecurities.co.za). Instruments: JSE-listed equities, ETFs, derivatives, offshore/international shares, bonds; tailored portfolios
- How can I withdraw money from Momentum Securities in South Africa?
- EFT / bank transfer; debit order
- What account types does Momentum Securities offer?
- ZAR stockbroking accounts, Tax-Free Savings Account (TFSA), local portfolios, offshore/USD portfolios, managed/advisory portfolios
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.momentumsecurities.co.za/
Not tax advice. Check with SARS.