Recalculated 2026-11-02 · Established 2001 · GAIN Global Markets Inc
Forex.com — South Africa
Forex.com is rated 3.44 out of 5 by our formula (Rank #23 of 70) for traders in South Africa: round turn 7 USD, residents accepted — Through an offshore entity.
Suits you if a swap-free account is available · it runs 5 trading platforms · it has been trading for 25 years
Look elsewhere if the minimum is 100 USD against 50 USD in this market · it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- GAIN Global Markets Inc
- Licence number
- not stated
- Established
- 2001group
- Min deposit, USD
- 100 USD
- Platforms
- Web Trader · mobile app · MT4 · MT5
- Local funding
- Cards, bank wire, e-wallets; dedicated ZAR rails
- Max leverage
- 50geo
- EURUSD
- 1.2 pipsgroup
Accounts (2)
2 of 2 accounts with a published cost per lot
2 of 2 shown
Click a column heading to sort. Figures are list terms, no promo codes.
This broker against the South Africa middle (81 of 104)
| Forex.com | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 100 USD | 50.0 USD |
| Max leverage | 50geo | 500.0geo |
| Withdrawal, h | — | 24.0 h |
| EURUSD, standard | 1.2 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2001group | 2009.0 |
| Platforms | 5 | 3.0 |
Onboards residents through an offshore entity
Offshore; not on FSCA register as a Forex.com FSP at review. Group holds tier-1 licences elsewhere, but SA clients lack onshore FSCA cover.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Forex.com.
- Who actually onboards you
- GAIN Global Markets Inc
- Licence number
- —
- Local licence
- no
- 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:29.4% × 4.50+ 23.5% × 4.50+ 23.5% × 0.00+ 11.8% × 5.00+ 11.8% × 4.00= 3.44
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
GAIN Global Markets Inc
Offshore entity
Served via international offshore arm (GAIN Global Markets Inc., Cayman); South Africa listed among accepted countries. No dedicated FSCA-licensed local entity found.
What each account gives you
Standard, MT4/MT5, DMA. Min USD 100.
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min USD 100.
What the broker publishes about payouts
Trading software and asset classes (5)
Web Trader · mobile app · MT4 · MT5 · TradingView
FX, indices, commodities, shares, crypto (5,500+ instruments).
Reviews
Overall 4.8 - Visit FOREX.com - FOREX.com Reviews
Where it wins, where it loses
Pros (1)
- Swap-free account available
Cons (3)
- Round turn 7.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
- Withdrawal time not published
Where it does not serve
Afghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nig
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.
- The broker's own documents
- 1forex.comforex.com · domainBroker
- Aggregators and directories
- 2forexbrokers.comforexbrokers.com · domainAggregator
- 3tradersunion.comtradersunion.com · domainAggregator
- 4fxempire.comfxempire.com · domainAggregator
FAQ (4)
Does Forex.com accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Forex.com?
GAIN Global Markets Inc
What licence does Forex.com hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Forex.com?
7.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.