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Highveld Board SponsoredExness
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 2000 · Sanlam Private Wealth (Pty) Ltd (Sanlam

Sanlam iTrade — South Africa

Sanlam iTrade is rated no data out of 5 by our formula (score withheld) for traders in South Africa: round turn not priced, residents accepted — Yes.

How we score

Suits you if it takes residents of South Africa · it has been trading for 26 years · it holds a local licence

Look elsewhere if the minimum is 5000 USD against 50 USD in this market

Key facts (8)

Who actually onboards you
Sanlam Private Wealth (Pty) Ltd (Sanlam Group)
Licence number
not stated
Established
2000group
Min deposit, USD
5000.0 USDgeo
Platforms
Sanlam iTrade online trading platform (web)
Local funding
EFT, debit order
Max leverage
—
EURUSD
—

Accounts (3)

Sanlam iTrade publishes no cost per lot for any account offered in South Africa.

See the 81 brokers here that publish one

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

Sanlam iTradeSouth Africa median
Round turn, USD—7.0 USD
Min deposit, USD5000.0 USDgeo50.0 USD
Max leverage—500.0geo
Withdrawal, h—24.0 h
EURUSD, standard—1.0 pips
EURUSD, raw—0.0 pips
Established2000group2009.0
Platforms13.0
Yes

Licensed in South Africa

FSCA-regulated domestic stockbroker; JSE access

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

Who actually onboards you
Sanlam Private Wealth (Pty) Ltd (Sanlam Group)
Licence number
—
Local licence
yes
Checked
2026-07-11

Score (3/6 axes)

—of 5

Not scored: Shown, not ranked: no review-platform rating

Licence and entity20% → 50.0%5.0
Track record10% → 25.0%5.0
Platforms and programs10% → 25.0%0.0
Trader reviews25%no data
Round-turn cost20%no data
Withdrawal speed15%no data

Shown, not ranked: no review-platform rating

Licence check

Licence number
—
Checked
2026-07-11

Source

Who actually onboards you

Sanlam Private Wealth (Pty) Ltd (Sanlam Group)

Locally licensed entity

What each account gives you

iTrade Standard account (min deposit ~R5,000), iTrade Pro account (~R130/month), ZAR share-trading account

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

Round turn, USD
—
Median
7.0 USD

Client-money protections

ZAR via EFT/debit order; minimum deposit ~R5,000 to open

What the broker publishes about payouts

Withdrawal, h
—

Trading software and asset classes (1)

Sanlam iTrade online trading platform (web)

JSE-listed shares, ETFs, ETNs, warrants, CFDs

Reviews

Reviews
—

Where it wins, where it loses

Pros (1)

  • Licensed locally: register entry

Cons (2)

  • Withdrawal time not published
  • No public review-platform rating, so the review axis is absent

Where it does not serve

no data

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. The broker's own documents
  2. 1sanlamitrade.co.za/w/FindOutMore.aspxsanlamitrade.co.za · pageBroker
  3. 2sanlamitrade.co.za/w/content/ourproducts.htmsanlamitrade.co.za · pageBroker
  4. 3sanlamprivatewealth.sanlam.com/what-we-offer/stockbroking-and-derivatives-trading/online-tsanlamprivatewealth.sanlam.com · pageBroker

FAQ (3)

Does Sanlam iTrade accept residents of South Africa?

Yes.

Which entity onboards a South Africa client of Sanlam iTrade?

Sanlam Private Wealth (Pty) Ltd (Sanlam Group)

What licence does Sanlam iTrade hold for South Africa?

No licence number is published for this country.