Recalculated 2026-11-02 · Established 2013 · Served internationally via Fortrade (Mau
Fortrade — South Africa
Fortrade is rated 0.80 out of 5 by our formula (Rank #70 of 70) for traders in South Africa: round turn 20 USD, residents accepted — Through an offshore entity.
Suits you if a swap-free account is available · it has been trading for 13 years
Look elsewhere if the round turn is 20 USD against a 7 USD median here · the minimum is 100 USD against 50 USD in this market · it holds no licence issued in South Africa
Key facts (8)
- Who actually onboards you
- Served internationally via Fortrade (Mauritius) Ltd; no local SA branc
- Licence number
- not stated
- Established
- 2013group
- Min deposit, USD
- 100 USDgroup
- Platforms
- Fortrader · MT4
- Local funding
- Cards, Skrill, Neteller, wire; no ZA-specific ra
- Max leverage
- —
- EURUSD
- 2 pipsgroup
Accounts (1)
Fortrade publishes no cost per lot for any account offered in South Africa.
This broker against the South Africa middle (81 of 104)
| Fortrade | South Africa median | |
|---|---|---|
| Round turn, USD | 20.0 USD | 7.0 USD |
| Min deposit, USD | 100 USDgroup | 50.0 USD |
| Max leverage | — | 500.0geo |
| Withdrawal, h | 1-5 business daysgroup | 24.0 h |
| EURUSD, standard | 2 pipsgroup | 1.0 pips |
| EURUSD, raw | — | 0.0 pips |
| Established | 2013group | 2009.0 |
| Platforms | 2 | 3.0 |
Onboards residents through an offshore entity
Offshore under FSC Mauritius (GB21026472); not FSCA-regulated locally.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Fortrade.
- Who actually onboards you
- Served internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.
- Licence number
- —
- Local licence
- no
- Checked
- 2026-07-09
Score (6/6 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:25.0% × 0.00+ 20.0% × 1.25+ 20.0% × 0.50+ 15.0% × 0.00+ 10.0% × 3.25+ 10.0% × 1.25= 0.8
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
Served internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.
Offshore entity
What each account gives you
Standard (min ~$/£100, recommended £500); Islamic swap-free (min $2,000); unlimited demo.
Cost per round turn, and the South Africa middle (81 of 104)
standard
Client-money protections
Cards/e-wallets instant; wire (min $250) up to 7 days.
What the broker publishes about payouts
Trading software and asset classes (2)
Fortrader · MT4
300+ CFDs: FX, stocks, indices, commodities, treasuries, ETFs. No crypto CFDs.
Reviews
Trustpilot rating of 1.9/5 based on approximately 560 reviews
Where it wins, where it loses
Pros (1)
- Swap-free account available
Cons (2)
- Round turn 20.0 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
United States, Belgium, Iran, North Korea, Russia, Belarus, Cuba, Syria, Sudan
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 (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.
- Regulator registers
- 1fsca.co.zafsca.co.za · domainRegister
- The broker's own documents
- 2fortrade.comfortrade.com · domainBroker
- Aggregators and directories
- 3commodity.com/brokers/fortrade-reviewcommodity.com · pageAggregator
FAQ (5)
Does Fortrade accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Fortrade?
Served internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.
What licence does Fortrade hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Fortrade?
20.0 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 Fortrade take?
Fortrade publishes 1-5 business days. Their own wording: “Withdrawals: Withdrawals are processed back to the original funding source”.