Recalculated 2026-11-02 · Established 1998 · CFI Financial (Pty) Ltd, local South Afr
CFI — South Africa
CFI is rated 4.48 out of 5 by our formula (scored, but outside the ranking) for traders in South Africa: round turn not priced, residents accepted — Yes.
Suits you if you can open with 0 USD · it takes residents of South Africa · a swap-free account is available
Key facts (8)
- Who actually onboards you
- CFI Financial (Pty) Ltd, local South African entity.
- Licence number
- 53711
- Established
- 1998group
- Min deposit, USD
- 0 USDgeo
- Platforms
- MT4 · MT5 · cTrader
- Local funding
- Local ZAR bank transfer/EFT, Visa/Mastercard, e-
- Max leverage
- 500geo
- EURUSD
- 0.4 - 1.1 pipsgeo
Accounts (1)
1 of 1 accounts with a published cost per lot
1 of 1 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| CFIZero Commission | — | 0.4advertised | Anyper standard lot | 4round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| CFI | South Africa median | |
|---|---|---|
| Round turn, USD | — | 7.0 USD |
| Min deposit, USD | 0 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | same day or next working daygroup | 24.0 h |
| EURUSD, standard | 0.4 - 1.1 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 1998group | 2009.0 |
| Platforms | 3 | 3.0 |
Licensed in South Africa
Locally regulated onshore by FSCA.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about CFI.
- Who actually onboards you
- CFI Financial (Pty) Ltd, local South African entity.
- Licence number
- 53711
- Local licence
- yes
- Checked
- 2026-07-09
Score (5/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:31.2% × 4.25+ 25.0% × 5.00+ 18.7% × 4.00+ 12.5% × 5.00+ 12.5% × 4.25= 4.48
Shown, not ranked: no round-turn price
Licence check
- Licence number
- 53711
- Checked
- 2026-07-09
Who actually onboards you
CFI Financial (Pty) Ltd, local South African entity.
Locally licensed entity
What each account gives you
Zero-commission (spread) and Dynamic Trader (raw+commission); low/zero minimum.
Cost per round turn, and the South Africa middle (81 of 104)
Client-money protections
Low to zero minimum deposit depending on account.
What the broker publishes about payouts
Trading software and asset classes (3)
MT4 · MT5 · cTrader
FX, indices, commodities, shares, ETFs, crypto CFDs.
Reviews
Trustpilot rating of 4.7/5 based on approximately 2,100 reviews
Where it wins, where it loses
Pros (3)
- Licensed locally: 53711
- Swap-free account available
- Withdrawal published at same day or next working day
Cons (0)
- —
Where it does not serve
United States, Sudan, Syria, Democratic People's Republic of Korea
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (4)
4 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Regulator registers
- 1fsca.co.zafsca.co.za · domainRegister
- The broker's own documents
- 2cfi.trade/zacfi.trade · pageBroker
- Aggregators and directories
- 3fxnewsgroup.comfxnewsgroup.com · domainAggregator
- 4sashares.co.zasashares.co.za · domainAggregator
FAQ (4)
Does CFI accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of CFI?
CFI Financial (Pty) Ltd, local South African entity.
What licence does CFI hold for South Africa?
Licence 53711.
How long does a withdrawal from CFI take?
CFI publishes same day or next working day. Their own wording: “process withdrawal requests on the same day they are made, or on the next working day”.