South Africa Review

Forex Broker

  • Company name: Safecap Investments Limited
  • Founded: 2008
  • Offices: Cyprus
  • Regulators: FSCA No.43906, CySEC
  • Broker type: Market Maker

Trading info

  • Min. Deposit: R 1000
  • Leverage: 300:1
  • Min. Spread: 0.9 pips
  • Deposit/Withdrawal: Bank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more
  • Currency pairs: 50+

Trading platform

  • Platform: MetaTrader 4
  • Web based: Yes
  • Mobile: Yes

Open Account

8.1 TradeForexSA
  • FSCA & CySEC Regulated
  • Advanced charts and technical analysis tools
  • 50+ currency pairs
  • Sign up offers for new clients
  • Zero withdrawal fees
  • Localized customer support telephone numbers
  • Mobile trading supported
  • No micro accounts
  • No US, Japanese or Canadian traders allowed (but this only affects you if you plan to move)
  • Low sign up offers for new clients.
Owned by Tradetech Markets (South Africa) Pty Ltd., a subsidiary of Playtech PLC, (South Africa) SA is one of the best-recognised Forex brands. In addition to Forex, Markets offers equities, commodities and CFD trading. Cyprus based, and licensed under CySEC and FSCA in South Africa, Markets has clients from around the world, operating in 15 languages.
Account Types7.5
Client Support & Onboarding8.5
Free Services8
Deposit & Withdrawal8.5


Is Safe?

Reliable service, excellent trading infrastructure, and low spreads are some of the factors that have drawn more than 5 million traders to

High security and privacy standards are top priorities at and it uses encryption, rigorous firewalls, and Secure Sockets Layer (SSL) software to protect information during transmission. Its trading servers are located in SAS 70 certified data centres, and all client funds are held in in segregated trading accounts, providing a further level of protection. Clients of also enjoy negative balance protection. has been regulated by CySEC (licence no. 092/08) since 2008, and TradeTech Markets (South Africa) PTY Ltd (’s South African operator) has been regulated by ASIC (licence no. 43906) since 2010, and the FSCA (FSP:43906) since 2012. has won numerous industry awards, some of their most significant achievements include:

  • Best Customer Service 2012 (London Investor Show Forex)
  • Best Broker in Customer Service Europe 2012 (Global Banking and Finance Review)
  • Best Forex Trading Platform 2017 (UK Forex Awards).
  • Best Forex Provider 2017 (UK Forex Awards). For Beginners

Education Material offers both video tutorials and trading webinars for its clients. The webinars are conducted by professional traders and market experts and cover everything from the basics of Forex trading to managing trading risk and applying winning strategies.

You can also learn more about how’s trading platforms work by watching the video tutorials and by checking out the platform tips – which provide suggestions on how to get the most out of your trading platform.’s Trading Tools’s clients have more than enough trading tools at their disposal. Here are some of the handy features you can utilise:

  • Traders Trend – This feature shows you how’s database of traders is positioned on thousands of financial instruments.
  • Trading Central – a fusion of analyst research and automated analytics, Trading Central indicators can be overlaid on the price charts to show support and resistance levels. It will also provide a summary of recent market movements, with suggested entry and exit points.
  • Trending Now – a tool which helps you find new trading opportunities by showing you assets in the following categories: Top Risers, Top Fallers, Top Volatile
, Top Traders trends, 52 Week High
, 52 Week Low
, Uptrend
, Downtrend
, 30 Days High
 and 30 Days Low
  • Economic Calendar – This tool allows you to identify key volatility drivers in the Forex market. Filter by day, week, and month, as well as by country, to find the data most relevant to you.
  • Events & Trade – A unique interactive economic calendar, Events & Trade uses forecasts from over 30 leading global economists and analyses historical asset movement in order to give you statistical trend predictions for upcoming events.

Customer Support’s support team can be reached via email and live chat, 24 hours a day, five days a week. Although the website is available in 15 different languages, customer support is only available in Arabic, English, French, German, Italian, Polish, Portuguese and Spanish.

Trading Conditions

With, clients can choose between a number of base currencies, including ZAR, USD, EUR, GBP, PLN, SEK, DKK, NOK and AUD.  Similarly, has a wide range of tradeable instruments, including:

  • Forex (e.g. USD/JPY)
  • Commodities (e.g. crude oil)
  • Stocks (e.g. IBM)
  • Stock indices (e.g. S&P 500)
  • ETFs (Exchange-Traded Funds), e.g. iShares MSCI ACWI Index ETF
  • Bonds (e.g. GER 10Y Bond)
  • Cryptocurrencies (e.g. litecoin)

Trading Accounts

All trading accounts come with variable leverage up to 1:300

Demo Account offer an unlimited demo account so you can forward-test an expert advisor indefinitely or practice trading for as long as you want. The demo trading account accurately simulates real account trading conditions and gives you USD 10,000 to practice with.

Live Account

The standard live account has a low minimum deposit of USD 100. Although there is only one type of live account with, it has a very generous bonus scheme. A USD 100 deposit will receive a 20% bonus, but clients who deposit more than USD 10,000 have access to a senior account manager and will receive an impressive 35% (USD 3,500) bonus to kickstart their trading. Bonus’s standard account unlocks competitive live trading conditions on a multitude of financial instruments. All clients of enjoy responsive client support and all the trading tools available on the trading platform. Swap Free Account

The swap free account option is only available to clients who cannot receive or pay interest due to the observance of religious beliefs. This account type offers the same advantages as the standard trading account, but clients with swap free accounts will not be charged rollover fees or be able to execute carry trades.

Deposits and Withdrawals

Deposit Methods at

You can fund your trading account with:

  • Credit/Debit cards
  • Wire transfer
  • Skrill
  • Neteller
  • Paypal

How Fast are Deposits Processed?

  • Credit/debit card transactions take approximately 24 hours to process upon receipt. After clients have completed’s Onboarding Process, their deposits will be credited to their trading accounts immediately.
  • Wire transfers take approximately 1-2 business days to process upon receipt.
  • E-wallet deposits can take up to 24 hours to reflect in your trading account.

How to Withdraw Funds From

Due to anti-money laundering regulations, withdrawals can only be sent via payment methods with which you funded your account. To withdraw funds from your trading account, your account needs to be fully verified. You can also withdraw using Markets Mobile (’s mobile app).

The minimum withdrawal amount for the supported payment methods are listed below:

  • Wire transfer: USD10 or ZAR100
  • Credit/Debit Card: USD5 or ZAR50
  • Skrill/Neteller: USD5 or ZAR50

Here are the different times according to the different payment channels:

  • Credit and debit cards: 2-8 days
  • Wire transfer: 2-5 days
  • Skrill/Neteller: 2 days

Deposit and Withdrawal Fees doesn’t charge clients for making deposits and withdrawals. The only costs are the usual bank card, e-wallet, or bank transfer fees.

*Please Note: clients depositing over USD 2,500 will be reimbursed by for any external transaction fees that are charged.

Spreads and Commissions

There is no commission on trades, which means that usually the only transaction costs are the spread and rollover charges, where applicable. Be ware that do charge a Conversion Fee on some trades. This is a small charge (0.3%) deducted for the currency conversion when the trading account currency and the quoted currency of the underlying asset are different.

Trading Platforms

  • Markets WebTrader – this is’s proprietary web-based trading platform. (It is also’s default trading platform).
  • MT4 Desktop Trading Platform – the MT4 trading platform is one of the most widely used Forex trading platforms and can also be used to trade other instruments like a stock index, cryptocurrency, commodity, and stock CFDs. MT4’s auto trading feature enables algorithmic trading and strategy back-testing with expert advisors (trading robots).
  • MT5 Desktop Trading Platform – this trading platform is similar to MT4 but has some differences and extra features. It was specifically designed for trading CFDs, futures, and stocks, whereas MT4 was designed primarily with Forex trading in mind.
  • Mobile

Markets Homepage Mobile App

The mobile trading platform is available for Android and iOS devices.

Compare Vs. Plus500

FundingBank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many moreBank wire, Visa/Mastercard, Paypal, Skrill
RegulatedFSCA No.43906, CySECAuthorised Financial Services Provider in South Africa, FSP #47546
Broker TypeMarket MakerMarket Maker
Currency Pairs50+59
Minimum Spread0.9 pips0.0 pips
Minimum DepositR 1000R 1500
Max Leverage300:1300:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit Markets.comVisit Plus500 Vs. Etoro

FundingBank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many moreBank wire, Visa/Mastercard, Skrill , Neteller, PayPal
RegulatedFSCA No.43906, CySECUK FCA Registration No.583263 EU CySEC License No. 109/10
Broker TypeMarket MakerMarket Maker
Currency Pairs50+47
Minimum Spread0.9 pips2 pips
Minimum DepositR 1000$200
Max Leverage300:1400:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit Markets.comVisit Etoro

Evaluation Process

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. would like you to know that:  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 

Overview is a reputable broker with high security standards. Based on their security measures, segregated trading accounts, and negative balance protection, protecting client funds is clearly a priority with

We like Markets WebTrader,’s proprietary trading platform. Some traders prefer an alternative to the ‘traditional’ MT4 trading platform, and Markets WebTrader is a strong substitute.

Telephone customer support is not available, which can be a big drawback for customers with more urgent issues.

Other positive aspects of include:

  • Competitive spreads and you no commission
  • A large range of tradeable instruments
  • A range of different account base currencies, including ZAR (South African Rand).
  • Excellent trading tools


Jeffrey Cammack Administrator
Editorial Director at TradeForexSA
Jeff Cammack is the Editorial Director, a Forex trader since 2008, and educator. Always in search of new trading opportunities, Jeff can always be found doing research in the charts or combing through the financial news. When not trading, he is always researching his next article.
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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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