Recalculated 2026-11-02 · Established 1978 · IBKR LLC
Interactive Brokers — South Africa
Interactive Brokers is rated 2.58 out of 5 by our formula (Rank #59 of 70) for traders in South Africa: round turn 5 USD, residents accepted — Yes.
Suits you if the round turn is 5 USD against a 7 USD median here · you can open with 0 USD · it takes residents of South Africa
Look elsewhere if it holds no licence issued in South Africa
Key facts (8)
- Who actually onboards you
- IBKR LLC
- Licence number
- not stated
- Established
- 1978group
- Min deposit, USD
- 0 USDgeo
- Platforms
- TWS · IBKR Desktop · mobile · GlobalTrader
- Local funding
- International bank wire; no local ZAR e-wallet r
- Max leverage
- —
- EURUSD
- 0.1 pipsgroup
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 · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| Interactive BrokersIDEALPRO | 25000 | — | 5per standard lot | 5round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| Interactive Brokers | South Africa median | |
|---|---|---|
| Round turn, USD | 5.0 USD | 7.0 USD |
| Min deposit, USD | 0 USDgeo | 50.0 USD |
| Max leverage | — | 500.0geo |
| Withdrawal, h | about 2 business daysgroup | 24.0 h |
| EURUSD, standard | 0.1 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.1 pipsgroup | 0.0 pips |
| Established | 1978group | 2009.0 |
| Platforms | 5 | 3.0 |
Accepts residents without a South Africa licence
Group tier-1 regulated; not on FSCA register for local retail. SA residents accepted.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Interactive Brokers.
- Who actually onboards you
- IBKR LLC
- 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% × 2.50+ 20.0% × 5.00+ 20.0% × 0.00+ 15.0% × 3.00+ 10.0% × 5.00+ 10.0% × 0.00= 2.58
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
IBKR LLC
Offshore entity
No SA entity; residents onboarded via IBKR LLC (US) / IB group as international clients.
What each account gives you
Cash or Margin; no fixed minimum (margin USD 2,000).
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Bank transfer; no set minimum deposit.
What the broker publishes about payouts
Trading software and asset classes (5)
TWS · IBKR Desktop · mobile · GlobalTrader · API
Global stocks, options, futures, FX, bonds, funds; DMA.
Reviews
4.0 • 6,800+
Where it wins, where it loses
Pros (1)
- Round turn 5.0 USD against a South Africa median of 7.0
Cons (1)
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
United States, Canada, Iran, North Korea, Libya, Syria
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.
- The broker's own documents
- 1interactivebrokers.com/en/accounts/open-account-country-list.phpinteractivebrokers.com · pageBroker
- Aggregators and directories
- 2tradersunion.comtradersunion.com · domainAggregator
FAQ (5)
Does Interactive Brokers accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of Interactive Brokers?
IBKR LLC
What licence does Interactive Brokers hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Interactive Brokers?
5.0 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 Interactive Brokers take?
Interactive Brokers publishes about 2 business days. Their own wording: “should take around two business days”.