| Method | Deposit speed | Withdrawal speed | Typical cost |
|---|---|---|---|
| Local EFT to a local broker | Same day | 1 to 3 business days | Free to R50 |
| Instant EFT | Minutes | Not used for withdrawals | Free to the client |
| Debit or credit card | Immediate | 3 to 10 business days | Free, or 1% to 3% |
| International bank transfer | 2 to 5 business days | 3 to 7 business days | R300 to R600 plus margin |
| E-wallet | Minutes | 1 to 3 business days | 0% to 2% |
| Crypto | Minutes to an hour | Minutes to an hour | Network fee |
| Rule | Why it exists |
|---|---|
| Withdrawals return to the funding method first | Anti-money-laundering, stops layering |
| Payment only to an account in your own name | FICA, the client must be the beneficiary |
| A card refund cannot exceed what was deposited | Card scheme rules; profit goes by bank transfer |
| Verification must be complete before the first withdrawal | FICA verification obligation |
| A source of funds question on a large deposit | Enhanced due diligence |
| Check | Why |
|---|---|
| Which entity will hold the funds | A local FSP may book you offshore |
| Is the account segregated | It decides what happens if the broker fails |
| What the withdrawal fee is | Some charge per withdrawal, some monthly |
| The minimum withdrawal | Can strand a small balance |
| Base currency | A rand account avoids conversion both ways |
Data maintained by TradeAnswers · updated as the figures change