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Sanlam iTrade 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 (4 facts)
- Onboarding entity
- Sanlam Private Wealth (Pty) Ltd (Sanlam Group)
- Founded
- 2000
- Currencies
- ZAR
- Swap-free account
- no
Licence check
Open an account with Sanlam iTradeThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Sanlam Private Wealth (Pty) Ltd (Sanlam Group)
- Local standing
- FSCA-regulated domestic stockbroker; JSE access
- Licence as the register states it
- Trading portal of Sanlam Private Wealth, FSCA-regulated; JSE stockbroking member (FSP details via Sanlam Private Wealth) - specific FSP number not verified at review
- Leverage for this entity
- Offers CFDs (leveraged) with direct market access alongside unleveraged shares/ETFs. No spot retail forex.
- The firm behind it
- Online trading portal of Sanlam Private Wealth, part of Sanlam Group (one of SA's largest financial-services groups). Offers DMA to the JSE.
- 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.
Offers CFDs (leveraged) with direct market access alongside unleveraged shares/ETFs. No spot retail forex.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic stockbroker; JSE access
- 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: iTrade Standard account (min deposit ~R5, 000), iTrade Pro account (~R130/month), ZAR share-trading account. 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 Sanlam iTrade 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Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it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 5000 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(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(1 platform)
- Sanlam iTrade online trading platform (web)
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Sanlam iTrade online trading platform (web) | — | — | —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 5 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
- Min deposit 5000 USD, over the South Africa median 50
- 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
- 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
- 11ZA
- Rank in this country
- #53
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- 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 | Sanlam iTrade |
|---|---|---|---|
| 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 Sanlam iTrade accept residents of South Africa?
- Yes. FSCA-regulated domestic stockbroker; JSE access Onboarding entity: Sanlam Private Wealth (Pty) Ltd (Sanlam Group)
- Is Sanlam iTrade licensed to serve clients in South Africa?
- Trading portal of Sanlam Private Wealth, FSCA-regulated; JSE stockbroking member (FSP details via Sanlam Private Wealth) - specific FSP number not verified at review Checked on 11.07.2026.
- Which trading platforms does Sanlam iTrade support?
- Sanlam iTrade online trading platform (web). Instruments: JSE-listed shares, ETFs, ETNs, warrants, CFDs
- How can I withdraw money from Sanlam iTrade in South Africa?
- EFT, debit order
- What account types does Sanlam iTrade offer?
- iTrade Standard account (min deposit ~R5,000), iTrade Pro account (~R130/month), ZAR share-trading account
- Does Sanlam iTrade offer a swap-free (Islamic) account?
- No. Sanlam iTrade 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.sanlamitrade.co.za/w/FindOutMore.aspx
Not tax advice. Check with SARS.