Recalculated 2026-11-02 · Established 1996 · None. OANDA does NOT accept clients from
OANDA — South Africa
OANDA is rated 1.82 out of 5 by our formula (Rank #68 of 70) for traders in South Africa: round turn 6 USD, residents accepted — No.
Suits you if the round turn is 6 USD against a 7 USD median here · you can open with 0 USD · it has been trading for 30 years
Look elsewhere if it holds no licence issued in South Africa · it does not take residents of South Africa
Key facts (8)
- Who actually onboards you
- None. OANDA does NOT accept clients from South Africa (contrary to the
- Licence number
- not stated
- Established
- 1996group
- Min deposit, USD
- 0 USDgroup
- Platforms
- —
- Local funding
- Not applicable - not served.
- Max leverage
- —
- EURUSD
- 0.6 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 |
|---|---|---|---|---|---|
| OANDAStandard account | 0 | 1.4advertised | Anyper standard lot | 14round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| OANDA | South Africa median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 7.0 USD |
| Min deposit, USD | 0 USDgroup | 50.0 USD |
| Max leverage | — | 500.0geo |
| Withdrawal, h | 1-5 business daysgroup | 24.0 h |
| EURUSD, standard | 0.6 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.1 pipsgroup | 0.0 pips |
| Established | 1996group | 2009.0 |
| Platforms | 0 | 3.0 |
Does not accept residents of South Africa
Not applicable - not served. As of 2026, OANDA is not available to South African residents.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about OANDA.
- Who actually onboards you
- None. OANDA does NOT accept clients from South Africa (contrary to the assumption of an FS
- 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% × 1.50+ 20.0% × 4.75+ 20.0% × 0.00+ 15.0% × 0.00+ 10.0% × 5.00+ 10.0% × 0.00= 1.82
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
None. OANDA does NOT accept clients from South Africa (contrary to the assumption of an FSCA-licensed local arm - no suc
Entity not established
What each account gives you
Not applicable - not served.
Cost per round turn, and the South Africa middle (81 of 104)
standard
Client-money protections
Not applicable - not served.
What the broker publishes about payouts
Trading software and asset classes (0)
Not applicable - not served.
Reviews
3.6 / 5 1,235 reviews
Where it wins, where it loses
Pros (1)
- Round turn 6.0 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
Afghanistan, Belarus, China, India, Iran, Iraq, Myanmar, New Zealand, South Africa, Turkiye, Ukraine
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
- 1help.oanda.com/bvihelp.oanda.com · pageBroker
- Aggregators and directories
- 2tradersunion.com/brokers/forex/view/oanda/is-regulated-in-south-africatradersunion.com · pageAggregator
FAQ (5)
Does OANDA accept residents of South Africa?
No.
Which entity onboards a South Africa client of OANDA?
None. OANDA does NOT accept clients from South Africa (contrary to the assumption of an FSCA-licensed local arm - no such OANDA entity exists).
What licence does OANDA hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at OANDA?
6.0 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 OANDA take?
OANDA publishes 1-5 business days. Their own wording: “one to five business days”.