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104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026Some links are partner links. They never change a score or a position.
Compiled and checked by the Highveld Board editorial deskScore recalculated 02.11.2026How we counted this

Recalculated 2026-11-02 · Established 1974 · IG Markets South Africa Limited

IG Markets SA — South Africa

IG Markets SA is rated 3.80 out of 5 by our formula (scored, but outside the ranking) for traders in South Africa: round turn 7.5 USD, residents accepted — Yes.

How we score

Suits you if it takes residents of South Africa · it runs 3 trading platforms · it has been trading for 52 years

Look elsewhere if the round turn is 7.5 USD against a 7 USD median here

Key facts (8)

Who actually onboards you
IG Markets South Africa Limited
Licence number
41393
Established
1974group
Min deposit, USD
50 USDgeo
Platforms
IG proprietary web platform & app · MT4 · ProRealTime
Local funding
EFT / bank transfer, debit/credit card; specific
Max leverage
30geo
EURUSD
0.75 pipsgeo

Accounts (1)

1 of 1 accounts with a published cost per lot

1 of 1 shown

Click a column heading to sort. Figures are list terms, no promo codes.

Broker · accountMin deposit, USDSpreadCommissionCost per lotSwap-free
IG Markets SAIG trading account—0.6advertisedAny6round turn, USD—

This broker against the South Africa middle (81 of 104)

IG Markets SASouth Africa median
Round turn, USD7.5 USD7.0 USD
Min deposit, USD50 USDgeo50.0 USD
Max leverage30geo500.0geo
Withdrawal, h1-3 business daysgroup24.0 h
EURUSD, standard0.75 pipsgeo1.0 pips
EURUSD, raw—0.0 pips
Established1974group2009.0
Platforms33.0
Yes

Licensed in South Africa

FSCA-regulated domestic (leveraged CFD/forex). NOTE: IG Markets SA is winding down new local trading accounts; new applications routed to IG International.

56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about IG Markets SA.

Who actually onboards you
IG Markets South Africa Limited
Licence number
41393
Local licence
yes
Checked
2026-07-11

Score (5/6 axes)

3.8of 5

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.

Round-turn cost20% → 26.7%4.4
Licence and entity20% → 26.7%4.5
Withdrawal speed15% → 20.0%2.0
Track record10% → 13.3%5.0
Platforms and programs10% → 13.3%2.8
Trader reviews25%no data

Check:26.7% × 4.38+ 26.7% × 4.50+ 20.0% × 2.00+ 13.3% × 5.00+ 13.3% × 2.75= 3.8

Shown, not ranked: no review-platform rating

Licence check

Licence number
41393
Checked
2026-07-11

Source

Who actually onboards you

IG Markets South Africa Limited

Locally licensed entity

What each account gives you

CFD Trading Account, IG Professional Account (min deposit ~R4,000); demo. NOTE: new local trading accounts being discont

Cost per round turn, and the South Africa middle (81 of 104)

Round turn, USD
7.5 USD
Median
7.0 USD

standard

Client-money protections

No funds required until first trade; Professional account min ~R4,000

What the broker publishes about payouts

Withdrawal, h
1-3 business daysgroup

Trading software and asset classes (3)

IG proprietary web platform & app · MT4 · ProRealTime

17,000+ markets: forex, indices, shares/share CFDs, commodities, ETFs, cryptocurrencies, options, interest rates

Reviews

Reviews
4.4/5 based on 5 reviewsgroup

4.4 out of 5Based on 5 reviews

Where it wins, where it loses

Pros (1)

  • Licensed locally: 41393

Cons (1)

  • Round turn 7.5 USD against a South Africa median of 7.0

Where it does not serve

North Korea, Iran, Myanmar

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%

Methodology

Sources (3)

3 sources, read on 2026-07-11. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.

  1. Aggregators and directories
  2. 1ig.com/zaig.com · pageAggregator
  3. 2ig.com/za/cfd-trading/our-chargesig.com · pageAggregator
  4. 3fxscouts.co.za/broker/igfxscouts.co.za · pageAggregator

FAQ (5)

Does IG Markets SA accept residents of South Africa?

Yes.

Which entity onboards a South Africa client of IG Markets SA?

IG Markets South Africa Limited

What licence does IG Markets SA hold for South Africa?

Licence 41393.

What does one EURUSD lot cost at IG Markets SA?

7.5 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 IG Markets SA take?

IG Markets SA publishes 1-3 business days. Their own wording: “1-3 business days”.