Recalculated 2026-11-02 · Established 2017 · The Standard Bank of South Africa Ltd
Shyft (Standard Bank Shyft) — South Africa
Shyft (Standard Bank Shyft) is rated 1.88 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 · it holds a local licence
Key facts (8)
- Who actually onboards you
- The Standard Bank of South Africa Ltd
- Licence number
- 11287
- Established
- 2017group
- Min deposit, USD
- —
- Platforms
- Shyft global money app (iOS/Android)
- Local funding
- EFT, transfer from Standard Bank / any SA bank a
- Max leverage
- —
- EURUSD
- —
Accounts (1)
Shyft (Standard Bank Shyft) publishes no cost per lot for any account offered in South Africa.
This broker against the South Africa middle (81 of 104)
| Shyft (Standard Bank Shyft) | South Africa median | |
|---|---|---|
| Round turn, USD | — | 7.0 USD |
| Min deposit, USD | — | 50.0 USD |
| Max leverage | — | 500.0geo |
| Withdrawal, h | — | 24.0 h |
| EURUSD, standard | — | 1.0 pips |
| EURUSD, raw | — | 0.0 pips |
| Established | 2017group | 2009.0 |
| Platforms | 1 | 3.0 |
Licensed in South Africa
FSCA-regulated domestic (Standard Bank / SBG Securities)
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Shyft (Standard Bank Shyft).
- Who actually onboards you
- The Standard Bank of South Africa Ltd
- Licence number
- 11287
- 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% × 2.25+ 15.4% × 0.00= 1.88
Shown, not ranked: no round-turn price
Licence check
- Licence number
- 11287
- Checked
- 2026-07-11
Who actually onboards you
The Standard Bank of South Africa Ltd
Locally licensed entity
Shyft, operated under The Standard Bank of South Africa Ltd
What each account gives you
Multi-currency global wallet (USD/GBP/EUR/AUD and more), Shyft Shares investing account (ZAR-funded, USD-denominated US
Cost per round turn, and the South Africa middle (81 of 104)
Client-money protections
Fund in ZAR from SA bank account, convert to foreign currency in app; available to SA/Botswana residents (foreign nation
What the broker publishes about payouts
Trading software and asset classes (1)
Shyft global money app (iOS/Android)
Foreign-currency wallets (multi-currency), US stocks and ETFs (Shyft Shares), virtual/physical FX card; offshore investing with partners
Reviews
shyft has a TrustIndex of 2.1 out of 10 on Hellopeter, based on 11 reviews in the last 12 months. Hellopeter has tracked shyft across 43 total reviews.
Where it wins, where it loses
Pros (1)
- Licensed locally: 11287
Cons (2)
- Withdrawal time not published
- 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 (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.
- The broker's own documents
- 1shyft.co.zashyft.co.za · domainBroker
- Aggregators and directories
- 2standardbank.co.za/southafrica/personal/products-and-services/bank-with-us/digital-walletsstandardbank.co.za · pageAggregator
- 3corporateandinvestment.standardbank.com/cib/global/who-we-are/about-us/news/Standard-Bank-corporateandinvestment.standardbank.com · pageAggregator
FAQ (3)
Does Shyft (Standard Bank Shyft) accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of Shyft (Standard Bank Shyft)?
The Standard Bank of South Africa Ltd
What licence does Shyft (Standard Bank Shyft) hold for South Africa?
Licence 11287.