Recalculated 2026-11-02 · Established 2000 · Satrix Managers (RF) (Pty) Ltd (part of
Satrix — South Africa
Satrix is rated 2.42 out of 5 by our formula (scored, but outside the ranking) for traders in South Africa: round turn not priced, residents accepted — Yes.
Suits you if it takes residents of South Africa · a swap-free account is available · it has been trading for 26 years
Key facts (8)
- Who actually onboards you
- Satrix Managers (RF) (Pty) Ltd (part of Sanlam Investment Group)
- Licence number
- 15658
- Established
- 2000geo
- Min deposit, USD
- —
- Platforms
- SatrixNOW · EasyEquities
- Local funding
- EFT, instant EFT, debit order
- Max leverage
- —
- EURUSD
- —
Accounts (1)
Satrix publishes no cost per lot for any account offered in South Africa.
This broker against the South Africa middle (81 of 104)
| Satrix | South Africa median | |
|---|---|---|
| Round turn, USD | — | 7.0 USD |
| Min deposit, USD | — | 50.0 USD |
| Max leverage | — | 500.0geo |
| Withdrawal, h | 0.2% early settlement feegroup | 24.0 h |
| EURUSD, standard | — | 1.0 pips |
| EURUSD, raw | — | 0.0 pips |
| Established | 2000geo | 2009.0 |
| Platforms | 2 | 3.0 |
Licensed in South Africa
FSCA-regulated domestic CIS manager
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Satrix.
- Who actually onboards you
- Satrix Managers (RF) (Pty) Ltd (part of Sanlam Investment Group)
- Licence number
- 15658
- Local licence
- yes
- Checked
- 2026-07-11
Score (4/6 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:38.5% × 0.00+ 30.8% × 5.00+ 15.4% × 5.00+ 15.4% × 0.75= 2.42
Shown, not ranked: no round-turn price
Licence check
- Licence number
- 15658
- Checked
- 2026-07-11
Who actually onboards you
Satrix Managers (RF) (Pty) Ltd (part of Sanlam Investment Group)
Locally licensed entity
What each account gives you
ZAR investment account, TFSA (tax-free), retirement annuity (RA), living annuity, offshore/feeder-fund exposure via ETFs
Cost per round turn, and the South Africa middle (81 of 104)
Client-money protections
ZAR via EFT/debit order into SatrixNOW; offshore exposure through feeder ETFs (no separate FX account)
What the broker publishes about payouts
Trading software and asset classes (2)
SatrixNOW · EasyEquities
Index ETFs (JSE Top 40, S&P 500 feeder, MSCI World feeder, Shari'ah Top 40, etc.), unit trusts, offshore feeder funds, RA/retirement products
Reviews
2.2 out of 5 51 Ratings
Where it wins, where it loses
Pros (2)
- Licensed locally: 15658
- Swap-free account available
Cons (1)
- Minimum deposit for this country not published
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%
Sources (4)
4 sources, read on 2026-07-11. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- The broker's own documents
- 1satrix.co.zasatrix.co.za · domainBroker
- 2satrix.co.za/products/product-details?id=87satrix.co.za · pageBroker
- 3satrix.co.za/news/article?id=604satrix.co.za · pageBroker
- 4satrix.co.za/news/article?id=389satrix.co.za · pageBroker
FAQ (4)
Does Satrix accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of Satrix?
Satrix Managers (RF) (Pty) Ltd (part of Sanlam Investment Group)
What licence does Satrix hold for South Africa?
Licence 15658.
How long does a withdrawal from Satrix take?
Satrix publishes 0.2% early settlement fee; withdrawal timing not published. Their own wording: “Early Settlement Fee 20 basis points or 0.2% of the Rand value you wish to withdraw”.