Recalculated 2026-11-02 · Established 2010 · FX Choice Ltd
FXChoice — South Africa
FXChoice is rated 3.00 out of 5 by our formula (Rank #42 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 has been trading for 16 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
- FX Choice Ltd
- Licence number
- not stated
- Established
- 2010group
- Min deposit, USD
- 100 USDgeo
- Platforms
- MT4 · MT5
- Local funding
- Cards, bank wire, Skrill/Neteller. No ZAR-specif
- Max leverage
- 200geo
- EURUSD
- 0.5 pipsgroup
Accounts (3)
2 of 3 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)
| FXChoice | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 100 USDgeo | 50.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | 24 hours on business daysgroup | 24.0 h |
| EURUSD, standard | 0.5 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010group | 2009.0 |
| Platforms | 2 | 3.0 |
Onboards residents through an offshore entity
Unregulated in SA; offshore only. No FSCA warning found (not verified beyond absence).
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about FXChoice.
- Who actually onboards you
- FX Choice Ltd
- 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% × 3.00+ 20.0% × 4.50+ 20.0% × 0.50+ 15.0% × 4.00+ 10.0% × 4.00+ 10.0% × 2.50= 3.0
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
FX Choice Ltd
Offshore entity
FX Choice Ltd (Belize) serves SA clients cross-border; no local SA entity.
What each account gives you
Classic (commission-free), Pro (raw + commission), Optimum. Min USD 100 (Classic/Pro).
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min deposit USD 100 (Optimum from ~USD 10). Crypto funding barred by FSC since Dec 2023.
What the broker publishes about payouts
Trading software and asset classes (2)
MT4 · MT5
40+ FX pairs, indices, 80+ stocks, metals, crypto CFDs.
Reviews
4.2 out of 5
Where it wins, where it loses
Pros (2)
- Swap-free account available
- Withdrawal published at 24 hours on business days; bank wire up to 5 business days
Cons (2)
- Round turn 7.0 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
Afghanistan, American Samoa, Belize, China, EU/EEA/EFTA, Guam, Hong Kong, Indonesia, Iran, Iraq, North Korea, Northern Mariana Islands, Puerto Rico, Russia, Singapore, Sudan, Syrian Arab Republic, Taiwan, Turkey, the UK, the United States, US Virgin Islands
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
- 2myfxchoice.commyfxchoice.com · domainBroker
- Aggregators and directories
- 3sashares.co.zasashares.co.za · domainAggregator
- 4tradersunion.comtradersunion.com · domainAggregator
FAQ (5)
Does FXChoice accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of FXChoice?
FX Choice Ltd
What licence does FXChoice hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at FXChoice?
7.0 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 FXChoice take?
FXChoice publishes 24 hours on business days; bank wire up to 5 business days. Their own wording: “All withdrawal requests are processed within 24 hours from Monday to Friday.”.