Recalculated 2026-11-02 · Established 2014 · South African clients are onboarded unde
Trade Nation — South Africa
Trade Nation is rated 3.30 out of 5 by our formula (Rank #30 of 70) for traders in South Africa: round turn 5 USD, residents accepted — Yes.
Suits you if the round turn is 5 USD against a 7 USD median here · you can open with 0 USD · it takes residents of South Africa
Key facts (8)
- Who actually onboards you
- South African clients are onboarded under the genuine LOCAL entity Tra
- Licence number
- 49846
- Established
- 2014group
- Min deposit, USD
- 0 USDgroup
- Platforms
- TN Trader · MetaTrader 4
- Local funding
- Local ZAR bank transfer/EFT plus Visa/Mastercard
- Max leverage
- 200geo
- EURUSD
- 0.5 pipsgroup
Accounts (1)
1 of 1 accounts with a published cost per lot
1 of 1 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 |
|---|---|---|---|---|---|
| Trade NationTN Trader / TradingView account | — | 0.3advertised | Anyper standard lot | 3round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| Trade Nation | South Africa median | |
|---|---|---|
| Round turn, USD | 5.0 USD | 7.0 USD |
| Min deposit, USD | 0 USDgroup | 50.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | up to 5 business daysgroup | 24.0 h |
| EURUSD, standard | 0.5 pipsgroup | 1.0 pips |
| EURUSD, raw | — | 0.0 pips |
| Established | 2014group | 2009.0 |
| Platforms | 2 | 3.0 |
Licensed in South Africa
Locally regulated by the FSCA; onshore oversight, though SA has no statutory investor-compensation scheme comparable to the UK FSCS.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Trade Nation.
- Who actually onboards you
- South African clients are onboarded under the genuine LOCAL entity Trade Nation Financial
- Licence number
- 49846
- Local licence
- yes
- 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% × 3.50+ 20.0% × 5.00+ 20.0% × 5.00+ 15.0% × 0.00+ 10.0% × 3.00+ 10.0% × 1.25= 3.3
Ranked against brokers measured on every axis
Licence check
- Licence number
- 49846
- Checked
- 2026-07-09
Who actually onboards you
South African clients are onboarded under the genuine LOCAL entity Trade Nation Financial (Pty) Ltd (reg. 2018/418755/07
Locally licensed entity
What each account gives you
Two live tiers - lower-leverage (up to 1:30) and higher-leverage (up to 1:200), plus demo; TN Trader is fixed-spread, MT
Cost per round turn, and the South Africa middle (81 of 104)
standard
Client-money protections
ZAR funding: R1,000 minimum first deposit, R500 subsequent; overall min deposit USD 0, min withdrawal USD 50.
What the broker publishes about payouts
Trading software and asset classes (2)
TN Trader · MetaTrader 4
1,000+ instruments - ~40 forex pairs, ~1,100 share CFDs, plus indices, commodities and crypto CFDs.
Reviews
Trade Nation has an overall score of 4.4/5 from 2,081 reviews on TrustPilot
Where it wins, where it loses
Pros (3)
- Round turn 5.0 USD against a South Africa median of 7.0
- Licensed locally: 49846
- Swap-free account available
Cons (0)
- —
Where it does not serve
United States, Canada, Belgium, North Korea, Iran, Iraq, Syria
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 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Regulator registers
- 1fsca.co.zafsca.co.za · domainRegister
- The broker's own documents
- 2tradenation.com/en-zatradenation.com · pageBroker
- Aggregators and directories
- 3sashares.co.za/trade-nation-reviewsashares.co.za · pageAggregator
- 4safeforexbrokers.co.zasafeforexbrokers.co.za · domainAggregator
FAQ (5)
Does Trade Nation accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of Trade Nation?
South African clients are onboarded under the genuine LOCAL entity Trade Nation Financial (Pty) Ltd (reg. 2018/418755/07), not an offshore arm.
What licence does Trade Nation hold for South Africa?
Licence 49846.
What does one EURUSD lot cost at Trade Nation?
5.0 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 Trade Nation take?
Trade Nation publishes up to 5 business days. Their own wording: “withdrawals ... can take up to five business days”.