Recalculated 2026-11-02 · Established 2005 · Offshore FXOpen Markets Ltd
FXOpen — South Africa
FXOpen is rated 2.79 out of 5 by our formula (Rank #52 of 70) for traders in South Africa: round turn 1.5 USD, residents accepted — Through an offshore entity.
Suits you if the round turn is 1.5 USD against a 7 USD median here · you can open with 1 USD · a swap-free account is available
Look elsewhere if 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
- Offshore FXOpen Markets Ltd
- Licence number
- not stated
- Established
- 2005group
- Min deposit, USD
- 1 USD
- Platforms
- MT4 · MT5 · TickTrader
- Local funding
- Cards, bank wire, Skrill, Neteller, BTC, USDT; n
- Max leverage
- 500geo
- EURUSD
- 1.1 pipsgroup
Accounts (3)
3 of 3 accounts with a published cost per lot
3 of 3 shown
Click a column heading to sort. Figures are list terms, no promo codes.
This broker against the South Africa middle (81 of 104)
| FXOpen | South Africa median | |
|---|---|---|
| Round turn, USD | 1.5 USD | 7.0 USD |
| Min deposit, USD | 1 USD | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | same business daygroup | 24.0 h |
| EURUSD, standard | 1.1 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2005group | 2009.0 |
| Platforms | 3 | 3.0 |
Onboards residents through an offshore entity
Offshore-regulated only; no local FSCA authorisation. Nevis entity is a Financial Commission member (lower-tier).
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about FXOpen.
- Who actually onboards you
- Offshore FXOpen Markets 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% × 1.75+ 20.0% × 5.00+ 20.0% × 0.00+ 15.0% × 4.00+ 10.0% × 5.00+ 10.0% × 2.50= 2.79
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
Offshore FXOpen Markets Ltd
Offshore entity
Offshore FXOpen Markets Ltd (Nevis/St Kitts) serves SA retail; not the FCA/CySEC entities.
What each account gives you
Micro/cent (from USD 1), STP, ECN (from USD 100 intl), Crypto (from USD 10).
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min from USD 1 (Micro); ECN from USD 100.
What the broker publishes about payouts
Trading software and asset classes (3)
MT4 · MT5 · TickTrader
FX, metals, indices, share CFDs, crypto CFDs.
Reviews
FXOpen holds a Trustpilot rating of 3.7 out of 5 stars globally
Where it wins, where it loses
Pros (3)
- Round turn 1.5 USD against a South Africa median of 7.0
- Swap-free account available
- Withdrawal published at same business day if received before 12:00 GMT; otherwise next business day
Cons (2)
- No local licence: the client is onboarded by a foreign entity
- Carries a regulator warning; excluded from beginner and most-established lists
Where it does not serve
United States, Japan, Belgium
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
- 1fxopen.comfxopen.com · domainBroker
- Aggregators and directories
- 2sashares.co.za/fxopen-reviewsashares.co.za · pageAggregator
- 3tradersunion.comtradersunion.com · domainAggregator
- 4forexbrokers.comforexbrokers.com · domainAggregator
FAQ (5)
Does FXOpen accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of FXOpen?
Offshore FXOpen Markets Ltd
What licence does FXOpen hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at FXOpen?
1.5 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 FXOpen take?
FXOpen publishes same business day if received before 12:00 GMT; otherwise next business day. Their own wording: “Withdrawal forms received before 12:00 (GMT) will be processed the same business day.”.