Recalculated 2026-11-02 · Established 2011 · Orinoco Capital Pty Ltd
OctaFX — South Africa
OctaFX is rated 4.26 out of 5 by our formula (Rank #1 of 70) for traders in South Africa: round turn 9 USD, residents accepted — Yes.
Suits you if you can open with 25 USD · it takes residents of South Africa · a swap-free account is available
Look elsewhere if the round turn is 9 USD against a 7 USD median here
Key facts (8)
- Who actually onboards you
- Orinoco Capital Pty Ltd
- Licence number
- 51913
- Established
- 2011group
- Min deposit, USD
- 25 USDgeo
- Platforms
- MT4 · MT5 · OctaTrader
- Local funding
- EFT, OZOW, local bank
- Max leverage
- 1000geo
- EURUSD
- 1.0 pipsgroup
Accounts (3)
3 of 3 accounts with a published cost per lot
3 of 3 shown
Click a column heading to sort. Figures are list terms, no promo codes.
This broker against the South Africa middle (81 of 104)
| OctaFX | South Africa median | |
|---|---|---|
| Round turn, USD | 9.0 USD | 7.0 USD |
| Min deposit, USD | 25 USDgeo | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | 1-3 hours on business daysgroup | 24.0 h |
| EURUSD, standard | 1.0 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.9 pipsgroup | 0.0 pips |
| Established | 2011group | 2009.0 |
| Platforms | 3 | 3.0 |
Licensed in South Africa
FSCA regulated For South African clients, the broker is presented as regulated in South Africa via the FSCA-authorised local entity. The same results also mention Cy
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about OctaFX.
- Who actually onboards you
- Orinoco Capital Pty Ltd
- Licence number
- 51913
- Local licence
- yes
- Checked
- 2026-08-27
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% × 4.50+ 20.0% × 4.00+ 20.0% × 4.50+ 15.0% × 4.88+ 10.0% × 3.75+ 10.0% × 3.25= 4.26
Ranked against brokers measured on every axis
Licence check
- Licence number
- 51913
- Checked
- 2026-08-27
The South Africa-specific material says Orinoco Capital Pty Ltd is authorised by the FSCA under license number 51913.
Who actually onboards you
Orinoco Capital Pty Ltd
Locally licensed entity
South African clients are served through Orinoco Capital (Pty) Ltd. The local site states this entity operates in South Africa.
What each account gives you
Real and demo
South Africa-related results mention a free demo account and live trading accounts. The specific account structure is not clearly limited to a single named retail account type.
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Card, bank, e-wallets, crypto
Funding methods mentioned for South African clients include Visa/MasterCard cards, bank transfer/EFT, Skrill, Neteller and cryptocurrency.
What the broker publishes about payouts
Funding methods mentioned for South African clients include Visa/MasterCard cards, bank transfer/EFT, Skrill, Neteller and cryptocurrency.
Trading software and asset classes (3)
MT4 · MT5 · OctaTrader
Forex, crypto, stocks
Reviews
581 Customer Reviews of octabroker.com, Rated 4.2/5
Where it wins, where it loses
Pros (3)
- Licensed locally: 51913
- Swap-free account available
- Withdrawal published at 1-3 hours on business days
Cons (1)
- Round turn 9.0 USD against a South Africa median of 7.0
Where it does not serve
United States, Canada, United Kingdom, European Union, Israel, Japan, New Zealand, North Korea, Iran, Myanmar, Philippines, Singapore
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 (0)
0 sources, read on 2026-08-27. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
FAQ (5)
Does OctaFX accept residents of South Africa?
Yes. For South African clients, the broker is presented as regulated in South Africa via the FSCA-authorised local entity. The same results also mention CySEC for other jurisdictions.
Which entity onboards a South Africa client of OctaFX?
Orinoco Capital Pty Ltd
What licence does OctaFX hold for South Africa?
Licence 51913. The South Africa-specific material says Orinoco Capital Pty Ltd is authorised by the FSCA under license number 51913.
What does one EURUSD lot cost at OctaFX?
9.0 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 OctaFX take?
OctaFX publishes 1-3 hours on business days. Their own wording: “average processing time of ‘1-3 hours’ on business days”.