CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

We are regrettably unable to open any new accounts at this time.

A new licensing regime for Over-the-Counter Derivative Providers (ODPs) in South Africa was introduced by the Financial Markets Act Regulations, 2017 (the Regulations). As required under these Regulations, IG Markets South Africa Limited (South Africa branch) (“IG”) applied for a license for ODPs, to enable IG to continue to offer CFD trading to clients.

IG has been operating in accordance with transitional arrangements since 14 June 2019 while its application was under consideration by the Financial Services and Conduct Authority (FSCA). IG was granted an exemption by the FSCA on 24 December from Regulation 2[1](a) of the Financial Market Act Regulations, read with sections 5 and 6[8](a) of the Financial Markets Act 2012. The extent and circumstances of this exemption, and the conditions to which it is subject, are set out in the FSCA’s FM Notice 9 of 2020.

While we’re operating under this exemption granted by the FSCA, we are regrettably unable to open any new accounts.

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