CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

About IG South Africa

We have a longstanding commitment to South Africa. Established in 2010, IG Markets South Africa Limited (IGMSA) has been regulated by the FSCA (formerly the FSB) operating with a FAIS license, FSP No 41393 and is an over-the-counter derivative provider.

Call 010 344 0053 or email helpdesk.za@ig.com to talk about opening a trading account. We’re here 24 hours a day, from 9am Saturday to 11pm Friday.

Contact us: 010 344 0053

What we do

Our office in South Africa has a dual purpose. Firstly, to give South African traders access to thousands of financial markets, and secondly, to provide an operations hub that provides services to the wider IG Group.

Based in Sandton and staffed by South Africans, over the last ten years we have successfully grown to meet the needs of South African clients, receiving numerous awards in recognition.

Our board and senior management in South Africa consist of largely South Africans making us a truly South African operation. As one of the biggest employers in the online broking category, we are proud to be playing a leading role in the growing financial services industry in South Africa.

Why IG South Africa?

Trusted and regulated

We respect South African regulatory compliance and oversight. We know from our interactions with regulatory authorities across the world that the South African financial regulators are highly respected for their oversight of the South African financial services sector and financial system.

We regularly work and interact with the FSCA , the SARB, National Treasury, the FIC and the JSE.

Best Practice

We work hard to share best practices and to bring innovation and new thinking to all the markets we serve.

We believe our industry should not only subscribe to the South African regulatory requirements, but that it is necessary for all participants to ascribe to a code of conduct and standards that will ensure the integrity of our industry.

Investment in South Africa

In line with our Group ESG programme we use funds made available through our Brighter Future Initiative to improve educational opportunities for the least privileged young people in our global communities.

In addition, we have allocated more than R600,000 to local charities to assist those, hardest hit by the COVID-19 pandemic.

Leadership

Our executive and non-executive board members ensure that IGMSA is well positioned for the short, medium and long-term.

  • Ndabezinhle Mkhize
  • Candice Glossoti
  • Kevin Algeo
  • Richard Heading

Ndabezinhle Mkhize
Non-Executive Director & Independent Chairperson
IGMSA


Ndabezinhle has 22 years’ experience in the investment space in South Africa.

He currently holds the role of Chief Investment Officer at Eskom Pension and Provident Fund. He is an independent non-executive director of JSE-listed Fairvest Property Fund, where he serves as chairman of the Audit & Risk Committee. He is also chairman of the Asset Owners Forum South Africa. Ndabe brings a sound knowledge of investments across asset classes and geographies, as well as an asset owner mind-set from his current role.

Ndabezinhle is a Chartered Financial Analyst and Chartered Alternative Investment Analyst. He graduated from the University of Cape Town with a Bachelor of Science degree in Actuarial Science.

Candice Glossoti
Non-executive Director
IGMSA

Candice is a lawyer and seasoned Legal, Risk and Compliance Executive in financial services across Sub-Sahara Africa.

Candice is currently owner and director of LRC Advisory, which consults and advises the financial services sector on Regulatory Legal Risk and Compliance matters. She started her career at the derivatives trading desk at JP Morgan and has come full circle working extensively in banking, asset management, insurance and microfinance over the last 20 years.

Candice is a registered Compliance Officer and holds a BA, LLB from the University of KwaZulu Natal, South Africa.

Kevin Algeo
IGMSA Executive Director
Head of APAC & Africa


Kevin serves as the Head of Asia-Pacific and Africa and is a member of IG Group’s Global Leadership Team.

He is responsible for the Group’s strategy in Asia Pacific and Africa, which includes the management and oversight of the offices located in the region. Kevin joined IG Group in 2013 as Managing Director of IGMSA. He subsequently served as CEO of Australia and New Zealand.

Kevin obtained a MSc Finance degree from SOAS University of London.

Richard Heading
Executive Director
IGMSA


Richard is IG’s Group Business Finance Director responsible for the financial controllers globally and has additional responsibilities with respect to the Group’s client money protection and oversight.

Richard is based in the UK reporting into the Group CFO and is registered with the Financial Conduct Authority (‘FCA’). He is a highly experienced Board director and sits on other Boards within the Group. This, coupled with his vast corporate experience and client money oversight responsibilities, means that adds important weight to the IGMSA Board. Richard is also a member of the Group’s Global Leadership Team.

Executive Management Team

Our executive management team ensures the management of the day-to-day business operations as well as holds responsibility for profitable sales growth, increasing market share, implementing change and forming strategic alliances that will help the company achieve its goals.

  • Robert Van Eyden
  • Aphindile Bokleni
  • Yolande Kolawole
  • Lynn Van Coller
  • Kassandra Seethal

Robert Van Eyden
Chief Executive Officer
IGMSA

Robert has over 30 years’ of experience in the South African financial services industry. He started his career as a lecturer in the Department of Business Economics at the University of Pretoria, lecturing in business economics, investment management and financial management. Most recently, he served as CEO of FNB Stockbroking and Portfolio management– the largest bank in South Africa (SA). Before that, he was CEO of ABSA Stockbrokers and Portfolio Management and held global positions at Standard Bank. Robert is also a non-executive board member of the South African Institute of Stockbrokers (SAIS) and is a council member of the University of Pretoria

He has a passion for capital markets, building businesses and financial education. He holds a doctorate in Commerce (D.Com) in Financial Management and has published two books on investing and trading, titled:

  • The Money Fountain: Creating Wealth, Growing Wealth Made Simple (2013)

  • Investing Happiness: ‘Discover big success in your investment journey on the stock market.’ (2020)

Robert joined IGMSA in 2022 as CEO to lend his expertise to our company vision and growth.

Aphindile Bokleni
Chief Operational Officer
IGMSA


Aphindile studied at the University of Witwatersrand, majoring in Finance and Investments. He is currently enrolled for the final component of the Chartered Alternative Investment Analyst (CAIA) qualification.

Aphindile commenced his career with Vunani Private Clients – a brokerage offering asset management, stockbroking and trading services. During this time he acquired operational experience on the trading desk that involved dealing with Trade processes, managing risk reports and working with a variety of trading software.

He then joined IG in 2015 as a SalesTrader, where his operational expertise and leadership qualities were quickly recognized. In 2018 he was tasked with establishing a new trading services team in Bengaluru, India, where he spent a year as an Operations Manager. On his return to South Africa, he was appointed Team Leader: Trading Services, and became a member of the senior management team. In 2020 Aphindile was appointed Chief Operating Officer of IGMSA.

Yolande Kolawole
Head of Compliance
IGMSA


Yolande was appointed as Head of Compliance, South Africa in June 2019, having joined the group in 2011. She chairs the IGMSA Risk Committee, is a member of the Executive Committee, and sits on the Group Client Money and Assets Committee.

Yolande has over fourteen years’ financial services experience. Prior to joining IG, she worked for ABSA Bank.

She holds several qualifications including Communications, Banking & Risk Management, Corporate Governance and Investments & Finance.

Yolande is responsible for the compliance function, ensuring that the SA business complies with regulatory requirements and internal policies (amongst others) and works closely with the business to identify and manage regulatory risk.

Lynn Van Coller
Senior Risk Manager
IGMSA

Lynn was appointed as Senior Risk Manager, South Africa in July 2021. She is a member of the Executive Committee and chairs the IGMSA Risk Committee which reports into the Audit and Risk Board sub – committee.

Lynn has over 20 years of experience in the financial industry. She has a PhD in Applied Mathematics which she obtained from the University of British Columbia in Canada.

Lynn has worked in various senior risk management positions in the banking industry, as well as in the investment management industry. She pioneered the portfolio construction methodology at RMB Asset Management, tailoring an approach used offshore for the South African market.

She went on to lead the multi-asset investment team at Momentum Asset Management before moving into consulting on investment portfolios and company strategy in the insurance, asset management and wealth industries.

Kassandra Seethal
HR Business Partner
IGMSA

Kassandra was appointed as Human Resources Business Partner, South Africa in July 2021. She is a member of the Executive Committee.

She holds a Bachelor of Social Science with majors in Psychology and Human Resources from the University of KwaZulu Natal, South Africa.

Kassandra has 15 years of experience in Human Resources and prior to joining IG, she worked at Sasfin Bank for six years.

Her function is to support the business to deliver on its people strategy.

Award-winning service

We have received numerous industry awards in South Africa including SA's Best CFD Provider in 2020, Intellidex, Top Stockbroker awards and SA's best Online Broker in 2015 and 2017, Intellidex Investors Monthly Top Stockbrokers Awards as well as SA's Top CFD Broker, Intellidex Top Securities Brokers Awards 2021

Open an account now

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we're proud to offer a truly market-leading service

Open an account now

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we're proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Our purpose and values

Purpose

To empower informed, decisive, adventurous people with access to opportunities in financial markets

Vision

To provide the world's best trading experience

Values

Underpinning our vision and purpose are our core values:

  • Champion the client

  • Learn fast together

  • Raise the bar

A sustainable business model

Our business model is based on giving clients the opportunity to trade the world’s financial markets, in exchange for fair and proportionate transaction fees; in doing so we seek to develop long-term relationships based on mutually aligned interests.

IG’s business model negates the potential conflicts that can arise in an OTC business, as IG internalizes client flow and hedges residual exposure when it exceeds IG’s Board-Approval Limits.

This approach aligns IG’s interests with those of our clients and reduces the trading costs for its clients to benefit from our exceptional execution and deep liquidity, which combines market liquidity and the company’s internal liquidity to maximise the likelihood of execution while minimizing price impact.

Choose the No.1 FX retail provider1

IG is home to more retail forex traders in South Africa than any other forex trading. Why trade with anyone but the No.1?

Choose the No.1 FX retail provider1

IG is home to more retail forex traders in South Africa than any other forex trading. Why trade with anyone but the No.1?

Choose the No.1 FX retail provider1

IG is home to more retail forex traders in South Africa than any other forex trading. Why trade with anyone but the No.1?

Choose the No.1 FX retail provider1

IG is home to more retail forex traders in South Africa than any other forex trading. Why trade with anyone but the No.1?

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets

Try these next

Start trading thousands of global markets with us.

Get a clear picture of how much it costs to trade with IG.

CFD trading enables you to speculate on the future movements in a market’s price

1 Based on revenue excluding FX (published half-yearly financial statements, June 2019); for forex based on number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2019).
2 Awarded 'best finance app' and 'best multi-platform provider' at the ADVFN International Financial Awards 2020
3 Negative balance protection does not apply to professional traders.

*Excluding 10pm Friday (GMT) to 8am Saturday (GMT)

** Based on revenue excluding FX (from published financial statements, June 2020)