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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 2007 · Copy-trading/social-trading layer over c

ZuluTrade — South Africa

ZuluTrade 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 runs 7 trading platforms · it has been trading for 19 years

Look elsewhere if the minimum is 100 USD against 50 USD in this market

Key facts (8)

Who actually onboards you
Copy-trading/social-trading layer over connected partner brokers; not
Licence number
49299
Established
2007group
Min deposit, USD
100 USDgeo
Platforms
ZuluTrade web · mobile app · MT4 · MT5
Local funding
Depends on connected broker; SA-facing brokers t
Max leverage
500group
EURUSD
—

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

ZuluTradeSouth Africa median
Round turn, USD—7.0 USD
Min deposit, USD100 USDgeo50.0 USD
Max leverage500group500.0geo
Withdrawal, h—24.0 h
EURUSD, standard—1.0 pips
EURUSD, raw—0.0 pips
Established2007group2009.0
Platforms73.0
Yes

Licensed in South Africa

Locally FSCA-regulated - South Africa is one of ZuluTrade's domestic-licensed markets.

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

Who actually onboards you
Copy-trading/social-trading layer over connected partner brokers; not a direct broker.
Licence number
49299
Local licence
yes
Checked
2026-07-09

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%4.8
Platforms and programs10% → 25.0%2.5
Trader reviews25%no data
Round-turn cost20%no data
Withdrawal speed15%no data

Shown, not ranked: no review-platform rating

Licence check

Licence number
49299
Checked
2026-07-09

Source

Who actually onboards you

Copy-trading/social-trading layer over connected partner brokers; not a direct broker.

Locally licensed entity

What each account gives you

Copy-trading account linked to a partner broker (Traders/Combos/Baskets). Min deposit broker-dependent (commonly ~USD 10

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

Round turn, USD
—
Median
7.0 USD

Client-money protections

Broker-dependent; commonly min ~USD 100.

What the broker publishes about payouts

Withdrawal, h
—

Trading software and asset classes (7)

ZuluTrade web · mobile app · MT4 · MT5 · X Open Hub · Match-Trader · ActTrader

Forex, indices, stocks, commodities, crypto (via CFDs), broker-dependent.

Reviews

Reviews
2.9/5, 24 reviewsgroup

a rating of 2.9 stars from 24 reviews

Where it wins, where it loses

Pros (1)

  • Licensed locally: 49299

Cons (1)

  • Withdrawal time not published

Where it does not serve

USA, Canada, North Korea, Iran, Syria, Sudan

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 2026-07-09. 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. 1zulutrade.comzulutrade.com · domainBroker
  3. Aggregators and directories
  4. 2daytrading.com/zulutradedaytrading.com · pageAggregator
  5. 3sashares.co.zasashares.co.za · domainAggregator

FAQ (3)

Does ZuluTrade accept residents of South Africa?

Yes.

Which entity onboards a South Africa client of ZuluTrade?

Copy-trading/social-trading layer over connected partner brokers; not a direct broker.

What licence does ZuluTrade hold for South Africa?

Licence 49299.