Recalculated 2026-11-02 · Established 1996 · Swissquote Bank Ltd
Swissquote — South Africa
Swissquote is rated 2.50 out of 5 by our formula (Rank #60 of 70) for traders in South Africa: round turn 16 USD, residents accepted — Through an offshore entity.
Suits you if a swap-free account is available · it runs 3 trading platforms · it has been trading for 30 years
Look elsewhere if the round turn is 16 USD against a 7 USD median here · the minimum is 1000 USD against 50 USD in this market · it holds no licence issued in South Africa
Key facts (8)
- Who actually onboards you
- Swissquote Bank Ltd
- Licence number
- not stated
- Established
- 1996group
- Min deposit, USD
- 1000 USDgeo
- Platforms
- Advanced Trader · MT4 · MT5
- Local funding
- International bank wire, cards; no local South A
- Max leverage
- 100geo
- EURUSD
- 1.7 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.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| SwissquoteSTANDARD | 1000 | 1.7advertised | Anyper standard lot | 17round turn, USD | — |
| SwissquotePREMIUM | 10000 | 1.4advertised | Anyper standard lot | 14round turn, USD | — |
| SwissquotePRIME | 50000 | 1.1advertised | Anyper standard lot | 11round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| Swissquote | South Africa median | |
|---|---|---|
| Round turn, USD | 16.0 USD | 7.0 USD |
| Min deposit, USD | 1000 USDgeo | 50.0 USD |
| Max leverage | 100geo | 500.0geo |
| Withdrawal, h | 1 working daygroup | 24.0 h |
| EURUSD, standard | 1.7 pipsgroup | 1.0 pips |
| EURUSD, raw | 1.1 pipsgroup | 0.0 pips |
| Established | 1996group | 2009.0 |
| Platforms | 3 | 3.0 |
Onboards residents through an offshore entity
Offshore; not FSCA-regulated. Accepts 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 Swissquote.
- Who actually onboards you
- Swissquote Bank Ltd
- 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% × 2.50+ 20.0% × 2.25+ 20.0% × 0.00+ 15.0% × 4.00+ 10.0% × 5.00+ 10.0% × 3.25= 2.5
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
Swissquote Bank Ltd
Offshore entity
Served via Swissquote Bank Ltd (Switzerland) cross-border; no local South African entity.
What each account gives you
Standard (min USD 1,000), Premium (USD 10,000), Prime (USD 50,000).
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min USD 1,000 for Standard forex account.
What the broker publishes about payouts
Trading software and asset classes (3)
Advanced Trader · MT4 · MT5
FX, CFDs, stocks, ETFs, crypto, bonds.
Reviews
4.0 out of 5 · 1,323 reviews
Where it wins, where it loses
Pros (2)
- Swap-free account available
- Withdrawal published at 1 working day
Cons (2)
- Round turn 16.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
United States, Canada
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
- 1swissquote.comswissquote.com · domainBroker
- Aggregators and directories
- 2brokerchooser.com/swissquote-south-africabrokerchooser.com · pageAggregator
FAQ (5)
Does Swissquote accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Swissquote?
Swissquote Bank Ltd
What licence does Swissquote hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Swissquote?
16.0 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 Swissquote take?
Swissquote publishes 1 working day. Their own wording: “Up to 1 working day”.