MetaTrader 4 and Exinity in South Africa

Exinity does not operate a separate retail brand for South African clients. The group serves local traders through FXTM, which offers the MetaTrader 4 (MT4) platform. MT4 access comes through the FXTM brand, part of the Exinity Group.

A parent group often manages licensing and operations, while different brands serve different regions. The practical question is how this affects the trading experience, from platform choice to regulatory protection under South African law.

### Opening an MT4 Account

Opening an MT4 account follows a standard procedure: apply through the FXTM website, complete the application, and verify identity. The verification process is called FICA in South Africa.

Documents required:

• A valid South African ID or passport
• Proof of address, such as a utility bill or bank statement (less than 3 months old)

Document verification usually completes within one business day. After that, download MT4, log in, and trade.

### Regulation Under FSCA

Trading forex and CFDs is legal in South Africa. The Financial Sector Conduct Authority (FSCA) oversees the industry.

Exinity Limited, the group entity, holds a specific license in South Africa:

The FSCA license means the group is locally regulated at group level. The consumer-facing brand in South Africa is FXTM, not a standalone Exinity product.

Any broker serving South African retail clients must be an authorised Financial Services Provider under the FAIS Act. CFD market-makers must also hold OTC Derivative Provider authorisation under the Financial Markets Act, which FSP 50320 covers.

Verification is available on the free FSCA FSP register to confirm the license matches what the broker states on its site.

### Account Types and Leverage

South Africa has no ESMA-style retail leverage cap, so brokers can offer high leverage. This group offers different account structures depending on the entity and client status.

Leverage of 1:1000 means controlling a position 1000 times larger than the margin. A 0.1% adverse move wipes out 100% of that margin.

### Costs and Platforms

Trading costs differ by account type. The FXTM Advantage account starts from around 0.0 pips with a commission. Standard accounts typically have wider spreads without a separate commission charge.

MT4 remains popular for its simplicity and the library of Expert Advisors - automated trading strategies that run directly on the platform.

Core costs of CFD trading:

• Spread is the difference between buy and sell price
• Some accounts bundle this in a spread-only model
• Other accounts charge a lower spread plus a fixed commission per lot
• The group reports roughly $0.20 commission per lot on FX/CFD with spreads from zero on their institutional-style account

### Funding Your Account Locally

The dominant local funding method is Instant EFT through open-banking gateways.

The base currency is USD. A ZAR base account would avoid the roughly 2–3% conversion fee banks charge when funding in rand and trading in dollars. Depositing R10,000 with conversion to USD could cost between R200 and R300. Factor this conversion cost into the plan.

Withdrawals typically take 1–2 business days via local channels.

### Points of Caution

The FSCA license belongs to Exinity Limited, but client engagement is with FXTM. The license covers the group entity.

The USD base currency carries a conversion cost on every deposit and withdrawal that does not appear in the spread shown on screen.

SARS taxes South African residents on worldwide income. For active and frequent trading, profits are treated as income, not capital gains, taxed at the marginal rate of 18% to 45%.

Active traders must register for provisional tax. Trading-related expenses are deductible with proper records.

Exchange control rules apply. South African tax residents can move up to R1 million per year offshore under the Single Discretionary Allowance. From April 2026, this rises to R2 million. Above that, the Foreign Investment Allowance requires a SARS tax clearance certificate and allows up to R10 million per year.

### Who This Works For

Works for: traders who want the MT4 platform under a group with FSCA authorization, access to high leverage, and the option to trade major forex pairs, metals, indices, and commodities. Local payment rails are fast, and the FSCA license provides regulatory oversight.

Falls short for: traders who want a ZAR base account and transparent commission-free trading in rand. Frequent deposits and withdrawals carry a USD conversion cost of roughly 2–3% per transaction. The group does not publish standalone promotional offers for South African retail clients. A standalone Exinity-branded account is not offered in South Africa.

Is MT4 available for South African clients through Exinity?

Yes. MT4 is available through FXTM, the retail brand serving South African clients within the Exinity Group.

What leverage can I get on MT4 in South Africa?

South Africa has no ESMA-style retail leverage cap. Through FXTM, leverage can reach up to approximately 1:1000 or 1:2000 depending on account type and the entity serving you. Verify the exact figure during account setup.

What documents do I need to open an MT4 account?

A valid South African ID or passport plus proof of address - a utility bill or bank statement less than 3 months old. This follows FICA verification requirements.

How long do withdrawals take with local bank transfer?

Withdrawals via local transfer typically clear within 1–2 business days. Card withdrawals take 2–5 days; international SWIFT transfers take 3–5 days.

Is Exinity licensed in South Africa?

Exinity Limited holds FSCA FSP #50320 as a licensed OTC Derivative Provider. The underlying entity is also registered with FSC Mauritius under #C113012295. The license covers the group entity that serves clients through the FXTM brand.