Recalculated 2026-11-02 · Established 2011 · ForexTime Ltd
FXTM — South Africa
FXTM is rated 2.67 out of 5 by our formula (Rank #55 of 70) for traders in South Africa: round turn 16 USD, residents accepted — Yes.
Suits you if you can open with 10 USD · it takes residents of South Africa · a swap-free account is available
Look elsewhere if the round turn is 16 USD against a 7 USD median here
Key facts (8)
- Who actually onboards you
- ForexTime Ltd
- Licence number
- 46614
- Established
- 2011group
- Min deposit, USD
- 10 USDgeo
- Platforms
- MT4 · MT5 · FXTM app
- Local funding
- Local EFT/instant EFT (e.g. Ozow), cards, bank w
- Max leverage
- 2000geo
- EURUSD
- 1.6 pipsgeo
Accounts (4)
4 of 4 accounts with a published cost per lot
4 of 4 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| FXTMMicro | 30 | 1.7advertised | Anyper standard lot | 17round turn, USD | — |
| FXTMRewards | 200 | 0.9advertised | Anyper standard lot | 9round turn, USD | — |
| FXTMRewards Plus | 200 | 1.5advertised | Anyper standard lot | 15round turn, USD | — |
| FXTMAdvantage | 500 | 0advertised | 7per standard lot | 7round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| FXTM | South Africa median | |
|---|---|---|
| Round turn, USD | 16.0 USD | 7.0 USD |
| Min deposit, USD | 10 USDgeo | 50.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | within 24 business hoursgroup | 24.0 h |
| EURUSD, standard | 1.6 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pips | 0.0 pips |
| Established | 2011group | 2009.0 |
| Platforms | 3 | 3.0 |
Licensed in South Africa
Genuinely FSCA-authorised in South Africa; among the compliant FSCA brokers.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about FXTM.
- Who actually onboards you
- ForexTime Ltd
- Licence number
- 46614
- Local licence
- yes
- 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% × 2.25+ 20.0% × 5.00+ 15.0% × 4.00+ 10.0% × 3.75+ 10.0% × 2.50= 2.67
Ranked against brokers measured on every axis
Licence check
- Licence number
- 46614
- Checked
- 2026-07-09
Who actually onboards you
ForexTime Ltd
Locally licensed entity
South African clients served by ForexTime Ltd, locally authorised, with a dedicated SA office.
What each account gives you
Standard/Cent/ECN range + Advantage / Advantage Plus / Advantage Stocks; Islamic available.
Cost per round turn, and the South Africa middle (81 of 104)
standard
Client-money protections
Min deposit from USD 10 (Cent/Standard); ECN from USD 200-500.
What the broker publishes about payouts
Trading software and asset classes (3)
MT4 · MT5 · FXTM app
1000+ CFDs: FX, indices, commodities, stock CFDs, limited crypto CFDs.
Reviews
Evaluating 92 reviews
Where it wins, where it loses
Pros (3)
- Licensed locally: 46614
- Swap-free account available
- Withdrawal published at within 24 business hours
Cons (1)
- Round turn 16.0 USD against a South Africa median of 7.0
Where it does not serve
USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, Democratic People's Republic of Korea, Puerto Rico, Occupied Area of Cyprus, Quebec, Iraq, Syria, Cuba, Belarus, Myanmar, Russia, India, United Kingdom
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
- 2fxtm.comfxtm.com · domainBroker
- Aggregators and directories
- 3sashares.co.za/fxtm-reviewsashares.co.za · pageAggregator
FAQ (5)
Does FXTM accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of FXTM?
ForexTime Ltd
What licence does FXTM hold for South Africa?
Licence 46614.
What does one EURUSD lot cost at FXTM?
16.0 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 FXTM take?
FXTM publishes within 24 business hours. Their own wording: “We release funds from FXTM within 24 business hours of your withdrawal request.”.