Exinity Registration in South Africa

There is no standalone Exinity retail sign-up for South African traders. The group entity that holds the local FSCA licence serves retail clients under the FXTM brand, not as Exinity.

The Exinity name appears on the group website, but retail traders in South Africa are onboarded through FXTM. The local regulatory footprint comes from Exinity Limited holding FSCA FSP #50320.

What Registration Actually Looks Like

Registration happens through the FXTM onboarding flow. The underlying entity handling your account is Exinity Limited, which holds the FSCA licence. This affects which terms you get, what leverage you see, and how your account is governed.

• Registration happens through the FXTM onboarding flow, not a separate Exinity portal
• Your legal entity for the contract will be Exinity Limited, the FSCA-licensed provider
• The platform choice is MetaTrader 4 or MetaTrader 5
• You will be offered account types consistent with FXTM's structure, typically Standard or Advantage-type accounts
• The base currency for your account is USD, as a ZAR base account has not been verified for this setup

Who Can Open an Account

You need to be a natural person or a legal entity and pass the standard KYC checks under FICA.

The documents you will need:

• A valid South African ID or a passport
• Proof of address, such as a utility bill or bank statement, usually dated within the last three months
• A valid email address and phone number for verification codes

Professional client status, which gives access to the higher-tier Exinity Trader PRO account, has a much higher bar: a reported minimum portfolio of around USD 500,000 and a minimum deposit of roughly USD 10,000. Most traders will not qualify for this path.

For the standard retail route, you are looking at the FXTM account structure. The leverage can go up to approximately 1:1000-1:2000 depending on the account type and entity, but you should verify the exact figure during the application.

KYC and Verification Timeline

If you upload clear, legible documents that match your application details, the process can be quick. If anything is blurry, expired, or mismatched, you will be asked to resubmit.

The fastest way to avoid delays is to make sure your proof of address is under three months old and that your ID photo is not overexposed. This is the most common reason for rejection.

Account Types and What They Cost

Since you are being served via FXTM, the account options are the standard retail offerings. The exact names and specifications can shift, so treat the following as the general structure rather than a fixed menu.

On the Advantage account, the zero-spread entry point is appealing, but the commission needs to be factored into your calculation. On raw spreads, the effective cost is often similar to a standard account with slightly higher spreads and no commission.

The instruments available are: FX, metals, indices, commodities, and CFDs.

What You Need to Know About Payments

The base currency for the account is USD. When you deposit or withdraw in ZAR, your bank will convert the currency, and the conversion fee typically runs around 2-3%.

Deposits through Instant EFT clear immediately and typically have no fee. Withdrawals through the same channels usually take 1-2 business days.

Regulatory Status and What It Means

Retail forex and CFD trading is legal and regulated in South Africa, and the conduct regulator is the Financial Sector Conduct Authority (FSCA).

Exinity Limited is registered with the FSCA as an authorised Financial Services Provider under FSP #50320 and holds an OTC Derivative Provider (ODP) authorisation. The group entity complies with the Financial Markets Act requirements, including capital-adequacy and trade-reporting duties. Exinity Limited also carries FSC Mauritius licence #C113012295.

The standalone Exinity brand is mostly focused on the UAE market. For South African retail clients, the consumer-facing brand is FXTM. The regulation stays with Exinity Limited, but the product you use and the service you receive is under the FXTM name.

On the FSCA register, you can verify this by searching for FSP #50320 and confirming the details match the entity in your client agreement. The register is free to access.

Where to Keep Your Guard Up

Impersonation and clone brokers are a real problem in South Africa. The FSCA regularly publishes warnings about unauthorised firms and fake social-media groups that pretend to be legitimate brokers. The FSCA recorded roughly 1,247 forex-scam complaints in 2023, about R547 million lost, with only around 12% recovered.

The common patterns to watch for:

• Social-media recruitment posts promising guaranteed profits
• Advance-fee traps where you are asked to pay tax or fees to withdraw your money
• Clone brokers that forge licences, using legitimate FSP numbers on their site without the right to do so

Tax Considerations for Your Trading

South Africa taxes residents on worldwide income, including profits from offshore brokers.

If you are an active, frequent trader, your profits are generally taxed as ordinary income at your marginal rate, which runs from 18% to 45%. This is not a capital gains situation. Keep records of your trades, your deposit and withdrawal history, and your trading-related expenses.

The registration obligations for active traders include:

• Registering for provisional tax, with IRP6 returns due at the end of August and end of February
• Filing the annual ITR12 return
• Declaring trading-related expenses, which may be deductible

As a tax resident, you can move funds offshore under the Single Discretionary Allowance of R1 million per calendar year without prior approval. This rises to R2 million from April 2026. Above that, the Foreign Investment Allowance covers up to R10 million per year, but it requires a SARS tax-clearance certificate.

For most trading accounts, the SDA is enough. If you are moving larger sums into your trading account, you need to be aware of these limits.

Red Flags

• Social-media recruitment with guaranteed-profit promises
• "Pay tax/fees to withdraw" advance-fee traps
• Clone/impostor brokers forging licences

Bottom Line Before You Sign Up

With leverage up to around 1:1000-1:2000, a small adverse move can wipe out your margin quickly. Size your positions with an understanding of what that leverage actually means.

The deciding factors for most traders come down to a few things:

• Whether you are comfortable with the FXTM brand handling your account while the Exinity entity holds the licence
• Whether the USD base currency and the associated conversion costs fit your funding pattern
• Whether you can maintain the discipline required at high leverage levels

For the registration process itself: have your ID and proof of address ready, verify the FSP number on the FSCA register, and fund through a method that minimises conversion losses.

The registration process is standard, the regulatory foundation is the FSCA-regulated group entity, and the main friction points are currency conversion and the high leverage on offer.