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Shyft (Standard Bank Shyft) in South Africa — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%0
- Safety20%100
- Track record10%45
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- The Standard Bank of South Africa Ltd
- Founded
- 2017
- Currencies
- ZAR (funding); wallets in USD/GBP/EUR/AUD etc; US shares USD-denominated
- Swap-free account
- no
Licence check
Open an account with Shyft (Standard Bank Shyft)The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- The Standard Bank of South Africa Ltd
- Local standing
- FSCA-regulated domestic (Standard Bank / SBG Securities)
- Licence as the register states it
- Operates under The Standard Bank of South Africa Ltd licence, an FSCA-authorised FSP No. 11287; share-trading executed via SBG Securities (JSE member, FSP 26691)
- Leverage for this entity
- No retail forex CFDs; Shyft provides forex wallets/currency exchange (physical FX, not leveraged trading) and unleveraged US shares/ETFs investing
- The firm behind it
- Award-winning global money/forex app by Standard Bank (launched 2016). Provides multi-currency wallets and offshore US-share investing; Standard Bank consolidating its retail online share-trading platforms under Shyft.
- What we hold against it
- No FSCA enforcement action identified; generally well-rated FX app - 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 CFDs; Shyft provides forex wallets/currency exchange (physical FX, not leveraged trading) and unleveraged US shares/ETFs investing
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic (Standard Bank / SBG Securities)
- 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: Multi-currency global wallet (USD/GBP/EUR/AUD, more), Shyft Shares investing account (ZAR-funded, USD-denominated US stocks/ETFs). 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 Shyft (Standard Bank Shyft) 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 |
| Card | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 1 local)
EFT, transfer from Standard Bank / any SA bank account, card
- EFTlocal
- Card
- Account currency
- ZAR (funding); wallets in USD/GBP/EUR/AUD etc; US shares USD-denominated
- 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)
- Shyft global money app (iOS/Android)
| Class | Count | Leverage |
|---|---|---|
| Shyft global money app (iOS/Android) | — | —ZA |
| All instruments | 15000 | —ZA |
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence 11287, read on 11.07.2026
- Safety 100 of 100, its strongest of 4 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Reviews 0 of 100, its weakest of 4 scored axes
- Not scored on 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
- 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
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 6ZA
- Min deposit, USD
- 10ZA
- Leverage
- 5000ZA
- Rank in this country
- #5
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 1000ZA
- Rank in this country
- #10
- Round turn, USD
- 1ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #38
"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 | Shyft (Standard Bank Shyft) |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 0 |
| 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 | 45 |
| 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 Shyft (Standard Bank Shyft) accept residents of South Africa?
- Yes. FSCA-regulated domestic (Standard Bank / SBG Securities) Onboarding entity: The Standard Bank of South Africa Ltd
- Is Shyft (Standard Bank Shyft) licensed to serve clients in South Africa?
- Operates under The Standard Bank of South Africa Ltd licence, an FSCA-authorised FSP No. 11287; share-trading executed via SBG Securities (JSE member, FSP 26691) Checked on 11.07.2026.
- Which trading platforms does Shyft (Standard Bank Shyft) support?
- Shyft global money app (iOS/Android). Instruments: Foreign-currency wallets (multi-currency), US stocks and ETFs (Shyft Shares), virtual/physical FX card; offshore investing with partners
- How can I withdraw money from Shyft (Standard Bank Shyft) in South Africa?
- EFT, transfer from Standard Bank / any SA bank account, card
- What account types does Shyft (Standard Bank Shyft) offer?
- Multi-currency global wallet (USD/GBP/EUR/AUD and more), Shyft Shares investing account (ZAR-funded, USD-denominated US stocks/ETFs)
- Does Shyft (Standard Bank Shyft) offer a swap-free (Islamic) account?
- No. Shyft (Standard Bank Shyft) 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.shyft.co.za/
Not tax advice. Check with SARS.