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Highveld Board SponsoredExness
104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026Some links are partner links. They never change a score or a position.
Compiled and checked by the Highveld Board editorial deskScore recalculated 02.11.2026How we counted this

Recalculated 2026-11-02 · Established 2007 · Served; South African clients onboarded

eToro — South Africa

eToro is rated 1.98 out of 5 by our formula (Rank #67 of 70) for traders in South Africa: round turn 10 USD, residents accepted — Yes.

How we score

Suits you if it takes residents of South Africa · it has been trading for 19 years

Look elsewhere if the round turn is 10 USD against a 7 USD median here · it holds no licence issued in South Africa

Key facts (8)

Who actually onboards you
Served; South African clients onboarded under eToro (UK) Ltd (per curr
Licence number
not stated
Established
2007group
Min deposit, USD
50 USD
Platforms
Proprietary eToro web · app
Local funding
Cards, bank transfer, PayPal, Skrill, Neteller;
Max leverage
30geo
EURUSD
1.0 pipsgroup

Accounts (2)

1 of 2 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 · accountMin deposit, USDSpreadCommissionCost per lotSwap-free
eToroRetail account—1advertisedAnyper standard lot10round turn, USD—
No published cost per lot:
  • Swap-Free account

This broker against the South Africa middle (81 of 104)

eToroSouth Africa median
Round turn, USD10.0 USD7.0 USD
Min deposit, USD50 USD50.0 USD
Max leverage30geo500.0geo
Withdrawal, h1-5 business daysgroup24.0 h
EURUSD, standard1.0 pipsgroup1.0 pips
EURUSD, raw—0.0 pips
Established2007group2009.0
Platforms23.0
Yes

Accepts residents without a South Africa licence

Not locally regulated by FSCA; UK/FCA oversight with FSCS coverage (up to GBP 85,000) cited for UK entity.

56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about eToro.

Who actually onboards you
Served; South African clients onboarded under eToro (UK) Ltd (per current review sources).
Licence number
—
Local licence
no
Checked
2026-07-09

Score (6/6 axes)

1.98of 5

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.

Trader reviews25%3.0
Round-turn cost20%3.8
Licence and entity20%0.0
Withdrawal speed15%0.0
Track record10%4.8
Platforms and programs10%0.0

Check:25.0% × 3.00+ 20.0% × 3.75+ 20.0% × 0.00+ 15.0% × 0.00+ 10.0% × 4.75+ 10.0% × 0.00= 1.98

Ranked against brokers measured on every axis

Licence check

Licence number
—
Checked
2026-07-09

Source

Who actually onboards you

Served; South African clients onboarded under eToro (UK) Ltd (per current review sources).

Offshore entity

What each account gives you

Retail social/copy + multi-asset; min first deposit ~USD 50 (varies).

Cost per round turn, and the South Africa middle (81 of 104)

Round turn, USD
10.0 USD
Median
7.0 USD

standard

Client-money protections

Min first deposit ~USD 50 (region-dependent).

What the broker publishes about payouts

Withdrawal, h
1-5 business daysgroup

Trading software and asset classes (2)

Proprietary eToro web · app

Real stocks, ETFs, crypto, CFDs (FX/indices/commodities).

Reviews

Reviews
4.2/5 from 25,000+ reviewsgroup

eToro Trustpilot: 4.2/5 (25,000+ reviews)

Where it wins, where it loses

Pros (0)

  • —

Cons (2)

  • Round turn 10.0 USD against a South Africa median of 7.0
  • No local licence: the client is onboarded by a foreign entity

Where it does not serve

Saudi Arabia

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%

Methodology

Sources (3)

3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.

  1. The broker's own documents
  2. 1etoro.com/customer-service/regulation-licenseetoro.com · pageBroker
  3. Aggregators and directories
  4. 2fxscouts.co.za/broker/etorofxscouts.co.za · pageAggregator
  5. 3sashares.co.za/etoro-reviewsashares.co.za · pageAggregator

FAQ (5)

Does eToro accept residents of South Africa?

Yes.

Which entity onboards a South Africa client of eToro?

Served; South African clients onboarded under eToro (UK) Ltd (per current review sources).

What licence does eToro hold for South Africa?

No licence number is published for this country.

What does one EURUSD lot cost at eToro?

10.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.

How long does a withdrawal from eToro take?

eToro publishes 1-5 business days. Their own wording: “Average deposit/withdrawal processing time|1-5 business days”.