Recalculated 2026-11-02 · Established 1974 · IG Markets South Africa Ltd
IG Markets — South Africa
IG Markets is rated 3.54 out of 5 by our formula (Rank #21 of 70) for traders in South Africa: round turn 13.6 USD, residents accepted — Yes.
Suits you if it takes residents of South Africa · it runs 5 trading platforms · it has been trading for 52 years
Look elsewhere if the round turn is 13.6 USD against a 7 USD median here
Key facts (8)
- Who actually onboards you
- IG Markets South Africa Ltd
- Licence number
- 41393
- Established
- 1974group
- Min deposit, USD
- 50 USDgeo
- Platforms
- IG web/app · ProRealTime · L2 Dealer · MT4
- Local funding
- Cards, bank transfer, PayPal.
- Max leverage
- 20geo
- EURUSD
- 0.6 pipsgroup
Accounts (2)
2 of 2 accounts with a published cost per lot
2 of 2 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 |
|---|---|---|---|---|---|
| IG MarketsCFD trading account | — | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| IG MarketsCFD trading account | — | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| IG Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 13.6 USD | 7.0 USD |
| Min deposit, USD | 50 USDgeo | 50.0 USD |
| Max leverage | 20geo | 500.0geo |
| Withdrawal, h | 1-3 business daysgeo | 24.0 h |
| EURUSD, standard | 0.6 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.16 pipsgroup | 0.0 pips |
| Established | 1974group | 2009.0 |
| Platforms | 5 | 3.0 |
Licensed in South Africa
Locally FSCA-authorised entity exists, but new-client onboarding shifted offshore amid ODP-licence dispute — verify current status before opening.
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.
- Who actually onboards you
- IG Markets South Africa Ltd
- Licence number
- 41393
- 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% × 4.00+ 20.0% × 2.85+ 20.0% × 4.50+ 15.0% × 2.00+ 10.0% × 5.00+ 10.0% × 2.75= 3.54
Ranked against brokers measured on every axis
Licence check
- Licence number
- 41393
- Checked
- 2026-07-09
Who actually onboards you
IG Markets South Africa Ltd
Locally licensed entity
Historically served locally via IG Markets South Africa Ltd; note IG recently stopped onboarding new clients to this entity, serving via international entities.
What each account gives you
CFD/share dealing; retail. Min bank transfer ~$0, card ~$300.
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min ~$0 bank transfer / ~$300 card.
What the broker publishes about payouts
Trading software and asset classes (5)
IG web/app · ProRealTime · L2 Dealer · MT4 · TradingView
17,000+ markets: FX, indices, shares, commodities.
Reviews
4.6/5 from 1,900+ reviews
Where it wins, where it loses
Pros (1)
- Licensed locally: 41393
Cons (2)
- Round turn 13.6 USD against a South Africa median of 7.0
- Carries a regulator warning; excluded from beginner and most-established lists
Where it does not serve
United States, Canada, Japan, North Korea, Iran, Syria, Russia, Iraq, Afghanistan, Yemen, Cuba, Myanmar, Sudan, Libya
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 (2)
2 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Aggregators and directories
- 1ig.com/zaig.com · pageAggregator
- 2financemagnates.comfinancemagnates.com · domainAggregator
FAQ (5)
Does IG Markets accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of IG Markets?
IG Markets South Africa Ltd
What licence does IG Markets hold for South Africa?
Licence 41393.
What does one EURUSD lot cost at IG Markets?
13.6 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 take?
IG Markets publishes 1-3 business days. Their own wording: “Processing Time for Withdrawals|1-3 business days”.