Sign-up Reward in Bitcoin
Coinbase
Sign-up reward paid in Bitcoin, up to $200, after you deposit $25 and trade $100 within 180 days.
Bonus availability
88 bonuses we have verified as available to traders in South Africa.
South Africa is one of the largest and fastest-growing retail trading markets in Africa, and unlike the EU or UK it has no blanket ban on broker bonuses. That means South African traders see a far wider range of deposit matches, no-deposit offers and rebates than traders in most regulated Western markets.
Coinbase
Sign-up reward paid in Bitcoin, up to $200, after you deposit $25 and trade $100 within 180 days.
Trading 212
New Trading 212 clients who open and fund an Invest or Stocks ISA account get one randomly selected free fractional share worth between £8 and £100, with the cash value locked for 30 days.
eToro
New eToro customers in eligible countries who deposit at least US$200 and select stocks as their trading interest can receive up to US$500 in free stocks, scaled to deposit size.
XM
XM matches your deposit 100% on the first $500 and 20% after that, up to $10,500 in bonus credit you can trade with but cannot withdraw directly.
XTB
New XTB clients who open an account and make a deposit receive one free real share, typically worth between about $25 and $80, with no trading or holding requirement.
BitMart
BitMart's referral program pays you a permanent commission of 20% (rising to 25% and 30% as you invite more people) on the trading fees of friends you refer for spot and futures trading.
Tickmill
A monthly Tickmill skill contest that awards one live-account trader a $1,000 cash prize they can withdraw immediately.
Crypto.com
New Crypto.com users who join with a referral code and trade earn a sign-up reward paid in CRO, realistically about $5 to $15 for a typical user, up to roughly $50.
Errante
Errante gives a tiered 15% to 30% match on your deposit as non-withdrawable trading credit, capped at $2,000, with no turnover requirement but with the catch that any withdrawal wipes out the bonus.
M4Markets
M4Markets adds a 50% credit bonus to each deposit on an MT4/MT5 Bonus account, and the credit converts to withdrawable cash as you trade FX or metals.
CoinEx
CoinEx pays referrers a share of their invited friends' trading fees, starting at 15% for regular users (the headline 40% applies only to VIP 5 accounts) and credited in CET tokens.
OKX
New OKX users who verify, deposit and complete a trade can earn a tiered reward paid in Bitcoin, from $100 for a small deposit up to $400 for a deposit of $10,000 or more.
Pepperstone
Pepperstone pays both you and a referred friend up to USD 1,000 in cash (or 20 commission-free trades on the retail version) once the friend deposits and trades a set number of lots within 90 days.
Binance
New Binance users who verify, deposit and trade can earn around $100 in rewards, but these arrive as trading-fee vouchers rather than withdrawable cash.
FBS
FBS matches your first deposit 100% up to $10,000 and adds up to 60% on later deposits, but the bonus credit itself is non-withdrawable and only boosts your trading margin.
Grand Capital
Grand Capital gives verified new clients a $500 trading credit with no deposit required, but profits are only withdrawable after meeting a steep lot turnover and matching your profit with a real deposit within 7 days.
IronFX
IronFX credits a 100% Sharing Bonus on your deposit as non-withdrawable trading funds, with no cap on the amount, but profits made on it are split 50/50 with the broker on withdrawal.
IronFX
IronFX adds a 40% non-withdrawable credit bonus on deposits of US$500 or more, capped at US$4,000 per client, that boosts margin but can never be cashed out.
ThinkMarkets
ThinkMarkets adds 5% to USDT crypto deposits of at least $500, capped at a $5,000 bonus, with the bonus only becoming withdrawable after you trade 5 standard FX or gold lots per $50 of bonus.
Admiral Markets
Admirals matches your deposit 100% up to $5,000 in non-withdrawable trading credit that only converts to cash through very high trading volume.
FxPro
FxPro's tiered loyalty program returns a slice of your paid spread and commission as monthly cash rebates, rising through Silver, Gold, and Platinum levels up to a 15% ceiling, credited to your Wallet and withdrawable.
IronFX
IronFX adds a 20% notional credit on each qualifying deposit, capped at US$2,000, to boost your trading margin, but the credit itself is never withdrawable.
BlackBull Markets
New BlackBull Markets clients who join through a referral link can earn US$100 after depositing US$500 and trading 5 FX or metal lots, or US$250 after depositing US$2,000 and trading 20 lots.
FXTM
FXTM matches your first deposit 100% up to $500, but the match is paid as non-withdrawable Reward Points that you only unlock by trading 20,000 Tier Points within 30 days.
HFM
HFM matches each qualifying deposit 100% up to $50,000 in non-withdrawable trading credit and pays daily cash rebates of about $2 per Gold lot (capped at $8,000), available to non-EU traders on Premium and Islamic accounts.
HFM
HFM credits a percentage bonus (10% up to 100% depending on the regional campaign, capped around 5,000 USD) on every deposit into a Top-Up Bonus account, with profits withdrawable but the bonus credit locked as trading margin.
Vantage
Vantage matches a new client's first deposit 150% up to $1,500 in trading credit, plus 25% on later deposits. The credit is margin only and cannot itself be withdrawn.
BingX
New BingX users who sign up with a referral code get a permanent 20% trading fee discount plus a series of small USDT bonus vouchers that unlock in stages, not a guaranteed 7,700 USDT.
Bitpanda
Refer a friend to Bitpanda and you both earn €5 once they invest their first €500 in crypto or a Bitpanda Crypto Index, with rewards scaling up to a joint €200.
FreshForex
FreshForex adds 15% of your first deposit (minimum $100, capped at $500) as real, withdrawable funds, with no trading volume requirement but a rule that deducts the bonus if you pull out more than 30% of the deposit within 60 days.
FXOpen
FXOpen refunds 15% of the trading commission on ECN and Crypto accounts during the first 90 days after registration, credited automatically and withdrawable right away.
FXTM
FXTM automatically enrols live Advantage and Advantage Plus traders in a points-based loyalty program where every lot earns Reward Points that redeem for withdrawable cash at 500 points to $1.
Grand Capital
Grand Capital pays active Standard-account traders a per-lot cash rebate of $0.50 to $1.50, set by how many consecutive days they have been trading.
HTX
A 10-day HTX trading contest (June 1 to June 11, 2026) splitting a 50,000 USDT prize pool between existing users on a volume leaderboard and new users who earn a flat 3 USDT reward.
NordFX
NordFX pays existing clients a bonus worth 10% of every referred friend's first deposit, released once the friend trades enough volume.
Weltrade
Weltrade matches a new client's first deposit up to 100%, capped at $500 in credit. The credit is never withdrawable, and only profits count once a trading-cost target is met.
Admiral Markets
Admiral Markets gives eligible non-EU and non-UK clients a $100 trading credit with no deposit required, but you have to trade enough over two 30-day stages (including a $25 deposit) before any profit can be withdrawn.
ForexMart
ForexMart adds 30% of every deposit as a tradable bonus credit on Standard and Zero Spread accounts, withdrawable only after you trade 0.3 lots per bonus dollar.
FxPro
FxPro pays both the referrer and the referred friend a withdrawable $50 cash bonus once each verified account deposits at least $100 and trades 3 lots in forex or metals within 30 days.
JustMarkets
JustMarkets adds up to 120% of a deposit as trading credit for clients in supported regions. The credit is margin only, released into withdrawable funds after heavy lot volume.
KuCoin
New KuCoin users who verify, deposit, and trade within 30 days collect a randomized welcome package of roughly 100 USDT plus trading-fee coupons and futures trial funds, far below the advertised 11,000 USDT ceiling.
M4Markets
M4Markets pays referring clients $5 for every standard lot of FX or metals their referred friend trades, with lower rates on Raw Spread and Premium accounts.
Phemex
New Phemex users who register and verify KYC can earn a set of small cashback (fee rebate) vouchers worth up to roughly $50 by completing deposit and trading tasks within 7 days, plus access to the shared xPT pre-mining airdrop pool.
XM
XM gives new clients a $30 trading credit with no deposit required, claimable after SMS phone verification in the Members Area.
AMarkets
AMarkets matches your first deposit 100% as a non-withdrawable credit bonus (capped at $5,000 under the official regulation, not the advertised $10,000), letting you trade with double the margin while only the profits can be cashed out.
Bybit
Bybit's Rewards Hub gives new, KYC-verified users a tiered trading bonus of up to 30,000 USDT for hitting deposit and derivatives volume targets within 14 days of signup.
ForexMart
ForexMart adds a 20% credit to every qualifying deposit on Classic and Cent MT4 accounts, withdrawable only after you trade a volume equal to the bonus amount times 0.2 standard lots.
Octa
Octa adds 50% of every deposit as a bonus you can use as margin. The bonus itself becomes withdrawable only after you trade a volume of lots tied to its size.
Windsor Brokers
Windsor Brokers credits a 20% bonus on every qualifying deposit of USD 500 or more, up to a USD 10,000 lifetime cap, as non-withdrawable trading credit.
BingX
A free-to-enter 2026 World Cup campaign where users join a prediction airdrop, match-outcome voting, a five-week futures trading contest, and a referral program, all drawing from a $10 million total prize pool that is split among thousands of winners.
FXOpen
FXOpen's annual ForexCup Trading Championship ranks live ECN accounts by trading performance, with a $50,000 cash prize for first place.
LiteFinance
LiteFinance gives new, fully verified clients $50 of trading credit with the promo code Welcome, but profits only become withdrawable after you fund the account yourself.
NordFX
NordFX credits a non-withdrawable insurance bonus of $5 to $15 per traded lot (capped at $5,000) that activates only when your Pro account hits a Margin Call, letting you keep open positions alive.
Phemex
A 42-day World Cup themed crypto trading competition with a headline $7,000,000 USDT prize pool, where most participants earn small non-withdrawable trading-bonus vouchers rather than cash.
RoboForex
RoboForex gives new, fully verified clients a 30 USD trading bonus after a card deposit of at least 10 USD, with profits withdrawable and no lot or turnover requirement.
ThinkMarkets
ThinkMarkets pays you and a referred friend $50 each once the friend deposits at least $250 and trades one standard lot, and both payments are fully withdrawable.
AvaTrade
New AvaTrade clients outside the EU and UK can claim a first-deposit bonus, typically 20% of the deposit, that becomes withdrawable only after meeting a high trading-volume requirement.
BitMart
Depositing $500 or more in a single transaction on BitMart unlocks spot trading fee vouchers and a non-withdrawable USDT futures trading bonus, handed out first-come, first-served.
CoinEx
New CoinEx users can earn cashback vouchers worth up to $100 by completing deposit and trading tasks, though about $40 of that is realistically reachable without high futures volume.
NordFX
NordFX adds 55% of your deposit as a non-withdrawable bonus on Fix and Pro MT4 accounts, with any trading profit free to withdraw.
SuperForex
SuperForex credits new, fully verified Standard account holders an $88 no deposit bonus, but you can only withdraw profits (capped at $50) after trading one standard lot per dollar.
WhiteBIT
Entering the referral code 20CASHBACK during WhiteBIT registration applies a permanent 20% discount on all spot and futures trading fees from your first trade.
SuperForex
SuperForex adds 50% of every deposit you make as a tradable bonus credit that boosts your margin, with no lot or time requirement to withdraw your profits.
Eightcap
Eightcap adds a 20% trading credit to your deposit (up to $500 on a $1,000 deposit) that you unlock as withdrawable cash by trading $1.00 worth of credit per standard FX lot.
FP Markets
FP Markets pays existing clients a cash reward of $50 to $200 per friend they refer, based on how much the friend deposits and trades, with the reward withdrawable at any time.
FreshForex
FreshForex credits 300% of each deposit of 100 USD or more as tradable bonus funds (capped at 5,000 USD), which become withdrawable only after closed volume in lots reaches 35% of the bonus amount within 180 days.
HTX
HTX gives new users referred by an existing member up to five mystery boxes of small random crypto, plus futures trial credit, unlocked by logging in and hitting modest spot or futures trading volume within 14 days.
IC Markets
TradersPartner, an IC Markets introducing broker, gives new referred clients a choice of 100 USD paid by PayPal after trading 50 standard lots or a permanent per-lot commission discount of up to 1.50 USD.
Tickmill
Tickmill matches your deposit by up to 20% to a maximum of $1,000, but you must trade one standard lot per $3 of bonus before the bonus credit can be withdrawn.
Bitget
Bitget advertises a welcome pack up to $6,200, but the rewards are non-withdrawable futures vouchers, and the realistic value to a typical new user is close to nothing.
BitMart
BitMart advertises up to 14,000 USDT for new users, but the freely withdrawable cash is only around 25 USDT (10 for signup, 10 for KYC, 5 for a 100 USDT deposit), with the rest paid as trading fee vouchers and volume-gated rewards.
Bybit
A staged sign-up offer for new Bybit users that pays out fee saver coupons (around 100 USDT in realistic value) for verifying identity, depositing 100 USD, and trading, all within 7 days of registration.
Gate.io
New Gate.io users get a small stack of non-withdrawable futures-trading vouchers, roughly $18 for a first deposit of 20 USDT plus a $20 reward for completing identity verification, not the "$10,000 USDT" headline that is really a pool of fee credits unlocked only by very high trading volume.
IC Markets
IC Markets matches your first deposit 100% and every later deposit 50%, up to $25,000 in non-withdrawable bonus credit that boosts your trading margin while any profits stay yours to keep.
InstaForex
55% credit on every deposit. Profits are freely withdrawable; the bonus itself only after an extremely high turnover.
Pepperstone
Pepperstone refunds the commission on up to 20 trades placed on a Razor account, capped at USD 600 total, after a referred client funds the account with at least USD 1,000.
AMarkets
AMarkets gives traders who switch from another broker a 20% bonus on their initial deposit, capped at 5,000 USD or EUR, credited as non-withdrawable funds you can trade with for 30 days.
Eightcap
A free monthly demo trading contest where the trader with the best return wins $1,000 in cash, paid to a live account.
Grand Capital
Grand Capital adds 40% to every qualifying deposit of $100 or more as tradable bonus credit, up to a $20,000 lifetime cap across all your accounts.
AMarkets
AMarkets pays a per-lot cashback rebate on forex and metals trades, starting at $3 per lot for entry-level traders and rising to $17 per lot only at the top of a five-tier monthly-volume ladder.
Kraken
Refer a new friend to the Kraken app and you both earn up to $20 USDG once they deposit fiat and make qualifying non-stablecoin trades within 15 days, with a cap of $200 USDG per referrer.
MEXC
MEXC advertises welcome gifts up to 8,000 USDT, but the bulk is non-withdrawable futures bonus credit. The genuinely usable part is roughly 40 USDT in vouchers.
eToro
eToro pays up to 3.55% annual interest on the uninvested USD cash sitting in your trading account, accrued daily and paid monthly, with no lock-in.
Exness
Exness gives a free low-latency VPS to clients who keep at least USD 1,000 in their accounts (or USD 500-999 plus USD 500,000 of 30-day trading volume) and keep trading from it.
FP Markets
FP Markets covers the monthly cost of a low-latency forex VPS once you deposit at least 1,000 USD and keep trading enough lots each month, so your Expert Advisors run 24/5 without a hosting bill.
HFM
HFM pays an annual interest rate of 2% to 3% on your free margin, credited monthly to your wallet, once you trade at least 5 lots of forex or metals CFDs in a month.
RoboForex
RoboForex pays up to 10% per year on your trading account balance, credited monthly, with the rate set by how many lots of forex and metals you trade each month.
Windsor Brokers
Windsor Brokers pays a tiered annual yield of 0.4% to 2% on your net equity as loyalty points, but only after you reach Gold status or higher and activate the feature.
33 more offers we track are not available to residents here.
Wider choice makes verification more important, not less. This page explains how the local rules work and what to check, then lists the offers we have researched that are available to South African residents.
The FSCA does not prohibit bonuses, so brokers operating legally in South Africa can and do offer them. What the FSCA does require is licensing: a retail forex or CFD broker needs a Financial Services Provider (FSP) authorisation, and since 2019 it also needs an Over-the-counter Derivative Provider (ODP) licence to offer derivatives to South African clients.
Because bonuses are allowed, South Africa sees most of the global deposit-match and no-deposit promotions that the EU and UK block. The trade-off is that the burden falls on you to confirm the broker is properly licensed before you chase a headline number.
Before claiming any offer, check the broker's FSP number on the FSCA website. A large bonus from an unlicensed or offshore-only broker is worth far less than a modest one from a broker that is authorised to take South African clients and will actually let you withdraw.
South Africa's market conduct regulator. Forex and CFD brokers must hold an FSP licence and, since 2019, an Over-the-counter Derivative Provider (ODP) licence.
Local currency: ZAR
South African retail trading is concentrated in forex and CFDs, with the rand as the common account currency and a strong base of active traders. Several global brokers hold FSCA and ODP licences specifically to serve this market, which is why local clients get access to bonuses that are off-limits elsewhere.
Watch the withdrawal terms as closely as the headline. An open bonus market also means more offers with heavy turnover requirements, so apply the same test you would anywhere: work out how much trading the bonus actually requires before any of it becomes yours.
Researched by the BrokerBonuses editorial team. Last reviewed 2026-06-06. · How we research