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OANDA in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%30
- Round-turn cost20%95
- Safety20%0
- Payouts15%0
- Track record10%100
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Who actually onboards you
- Entity that onboards South Africa residents
- None. OANDA does NOT accept clients from South Africa (contrary to the assumption of an FSCA-licensed local arm - no such OANDA entity exists).
- Local standing
- Not applicable - not served. As of 2026, OANDA is not available to South African residents.
- Licence as the register states it
- Not applicable. OANDA holds NO FSCA licence and does not operate in ZA.
- Leverage for this entity
- Not applicable.
- The firm behind it
- OANDA founded 1996; Tier-1 global group, but has no FSCA-authorized South African entity.
- What we hold against it
- Not served; ZA is excluded from OANDA's country list and OGM eligible list. Any 'OANDA FSCA' claim is inaccurate.
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.
Not applicable.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot applicable - not served. As of 2026, OANDA is not available to South African residents.
- 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: Not applicable - not served. 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 OANDA 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Median 7 USD · range 1-20 · this broker 6 USD · 23 of 103 brokers do not publish it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Median 50 USD · range 0-1000 · this broker 0 USD · 54 of 103 brokers do not publish it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)
Deposit and withdrawal methods (1 methods · 0 local rails)
Not applicable - not served.
- Account currency
- Not applicable - not served.
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(11 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.6 | 5, 1235 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(3 for and 3 against, each tied to a figure on this page)
- Round turn 6 USD on the standard basis, under the South Africa median 7
- Min deposit 0 USD, under the South Africa median 50
- Track record 100 of 100, its strongest of 6 scored axes
- No South Africa authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 120 h, over the South Africa median 24
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 5ZA
- Min deposit, USD
- 0ZA
- Rank in this country
- #58
- Round turn, USD
- 5ZA
- Min deposit, USD
- 10ZA
- Leverage
- 500ZA
- Rank in this country
- #17
- Round turn, USD
- 4.5ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #18
- Round turn, USD
- 7ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 500ZA
- Rank in this country
- #24
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #34
- Round turn, USD
- 6ZA
- Min deposit, USD
- 25ZA
- Leverage
- 500ZA
- Rank in this country
- #6
"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 | OANDA |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 30 |
| 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 | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| 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 |
FAQ
- Does OANDA accept residents of South Africa?
- No. Not applicable - not served. As of 2026, OANDA is not available to South African residents. Onboarding entity: None. OANDA does NOT accept clients from South Africa (contrary to the assumption of an FSCA-licensed local arm - no such OANDA entity exists).
- Is OANDA licensed to serve clients in South Africa?
- Not applicable. OANDA holds NO FSCA licence and does not operate in ZA. Checked on 09.07.2026.
- How much does one round turn cost at OANDA?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- How can I withdraw money from OANDA in South Africa?
- Not applicable - not served.
- What account types does OANDA offer?
- Not applicable - not served.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://tradersunion.com/brokers/forex/view/oanda/is-regulated-in-south-africa/
Not tax advice. Check with SARS.