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PSG Online (PSG Wealth) in South Africa — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: only 55% of the weight has data, need 55%
- Safety20%100
- Payouts15%80
- Track record10%100
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- PSG Securities Ltd / PSG Wealth (part of PSG Financial Services Ltd, JSE: KST)
- Founded
- 1998
- Currencies
- ZAR
- Swap-free account
- no
Licence check
Open an account with PSG Online (PSG Wealth)The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- PSG Securities Ltd / PSG Wealth (part of PSG Financial Services Ltd, JSE: KST)
- Local standing
- FSCA-regulated domestic stockbroker; JSE member
- Licence as the register states it
- PSG Securities is a JSE member and FSCA-authorised FSP No. 42996
- Leverage for this entity
- No retail forex on the online share-trading account; equities/ETFs unleveraged. Derivatives/geared instruments available via PSG's broader offering.
- The firm behind it
- Part of PSG Financial Services Ltd (formerly PSG Konsult), JSE-listed (ticker KST). Established SA wealth-management and stockbroking group with adviser network.
- What we hold against it
- No FSCA enforcement action identified - 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.
No retail forex on the online share-trading account; equities/ETFs unleveraged. Derivatives/geared instruments available via PSG's broader offering.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic stockbroker; 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: Local (ZAR) share-trading account, offshore share-trading account, TFSA (tax-free), RA, other PSG Wealth investment wrappers. 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 PSG Online (PSG Wealth) 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(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| EFT | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
EFT, debit order
- EFTlocal
- Account currency
- ZAR
- Fee declared
- 1 of 1 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)
- PSG Wealth online share-trading platform (web)
- dealing-desk access
| Class | Leverage |
|---|---|
| PSG Wealth online share-trading platform (web) | —ZA |
| dealing-desk access | —ZA |
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 04.10.2026 | 1.5 | 16 |
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)
- Locally authorised, licence 42996, read on 11.07.2026
- Withdrawal in 24 h, one of 86 of 103 brokers here that publish a time
- Safety 100 of 100, its strongest of 4 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Platforms 0 of 100, its weakest of 4 scored axes
- Not scored on reviews, round-turn cost: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 11ZA
- Rank in this country
- #53
- Round turn, USD
- 6ZA
- Min deposit, USD
- 25ZA
- Leverage
- 500ZA
- Rank in this country
- #6
- Round turn, USD
- 7ZA
- Min deposit, USD
- 4ZA
- Leverage
- 400ZA
- Rank in this country
- #11
- 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
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #34
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 | PSG Online (PSG Wealth) |
|---|---|---|---|
| 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 | 80 |
| 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 PSG Online (PSG Wealth) accept residents of South Africa?
- Yes. FSCA-regulated domestic stockbroker; JSE member Onboarding entity: PSG Securities Ltd / PSG Wealth (part of PSG Financial Services Ltd, JSE: KST)
- Is PSG Online (PSG Wealth) licensed to serve clients in South Africa?
- PSG Securities is a JSE member and FSCA-authorised FSP No. 42996 Checked on 11.07.2026.
- Which trading platforms does PSG Online (PSG Wealth) support?
- PSG Wealth online share-trading platform (web), dealing-desk access. Instruments: JSE-listed local shares, offshore/international shares, ETFs, unit trusts (PSG Wealth Funds A-Z), bonds, RA/retirement products
- How can I withdraw money from PSG Online (PSG Wealth) in South Africa?
- EFT, debit order
- What account types does PSG Online (PSG Wealth) offer?
- Local (ZAR) share-trading account, offshore share-trading account, TFSA (tax-free), RA and other PSG Wealth investment wrappers
- Does PSG Online (PSG Wealth) offer a swap-free (Islamic) account?
- No. PSG Online (PSG Wealth) publishes no swap-free (Islamic) account for South Africa.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.psg.co.za/wealth/stockbroking
Not tax advice. Check with SARS.