Afrifocus Review 2026
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ZAR 0
- Trader Evolution
- TradingView
- Velocity Trader
- Not available
- Global market access, multi-currency accounts, risk control tools
Our Evaluation of Afrifocus
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Afrifocus is a broker with higher-than-average risk and the TU Overall Score of 3.99 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Afrifocus clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
How we tested Afrifocus
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Afrifocus
Afrifocus is a South African brokerage brand that operates through a White Label partnership with Velocity Trade for online trading. The company has been a stockbroker and a member of the Johannesburg Stock Exchange (JSE) since 2000. It holds both Category I (self-directed client trading) and Category II (client portfolio management) licenses from the Financial Sector Conduct Authority (FSCA).
Afrifocus provides access to a broad range of assets and derivatives listed on the JSE, as well as international stocks, ETFs, and CFDs. Clients can trade online through the Velocity Trader platform or place orders directly by phone. The company offers advanced analytics, Level I market data, and functional tools for efficient trading and account management.
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- Licensed and regulated by the FSCA, and a member of the JSE.
- Access to local and international markets through the Velocity Trader platform.
- Online and phone trading options.
- Asset management services, including advisory, discretionary, and self-directed portfolios.
- Access to diversified Wealth portfolios with various investment goals and strategies.
- Sector reports, analytics, and professional market research.
- Multi-currency account support in ZAR, USD, EUR, and GBP.
- Limited educational materials and platform tutorials.
- No online chat feature on the broker’s website.
- High deposit requirements for international trading, ranging from $2,000 to $10,000 depending on the transaction type.
TU Expert Verdict
Chief Analytics Officer
Afrifocus provides access to trading stocks, ETFs, bonds, indices, futures, currencies, and CFDs through platforms such as Trader Evolution, TradingView, and Velocity Trader. Clients can open ZAR-denominated accounts for JSE trading or international accounts in USD, EUR, or GBP, meeting the needs of both local and international investors. The broker is regulated by the FSCA and is a member of the Johannesburg Stock Exchange, supporting both self-directed trading and portfolio management with available features like multi-currency support, risk controls, and advanced analytics. Investors benefit from options to place orders online or by phone, and larger clients can utilize dedicated wealth and asset management solutions.
A few disadvantages are limited educational materials and the absence of online chat for support. Additionally, minimum deposit requirements for international trading are high, ranging from $2,000 to $10,000 depending on the platform, and overall commissions are not competitive compared to leading global brokers. Afrifocus may not be suitable for cost-sensitive or beginner traders, but it can appeal to experienced investors who prioritize direct access to JSE assets, personal service, and multi-currency account options.
Afrifocus Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | Trader Evolution, Velocity Trader, TradingView |
|---|---|
| 📊 Accounts: | Trading Account, International Account |
| 💰 Account currency: | ZAR, USD, EUR, GBP, and others |
| 💵 Deposit / Withdrawal: | Bank transfer |
| 🚀 Minimum deposit: | ZAR 0 (local), USD 2,000 (international via phone), USD / EUR / GBP 10,000 (international via Velocity Trade) |
| ⚖️ Leverage: | Not available |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | 1 share |
| 💱 EUR/USD spread: | From ZAR 7 (JSE), from USD 20 / GBP 10 / EUR 15 (international) |
| 🔧 Instruments: | Stocks, ETFs, indices, futures, currencies, bonds, fixed income, CFDs |
| 💹 Margin Call / Stop Out: | Not available |
| 🏛 Liquidity provider: | Not disclosed |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Online (Market, Limit, Stop), Phone orders |
| ⭐ Trading features: | Global market access, multi-currency accounts, risk control tools |
| 🎁 Contests and bonuses: | Not available |
Trading is conducted by phone or online through robust platforms. Afrifocus offers accounts in various currencies, enabling trading not only on the South African exchange but also on international markets such as NYSE and NASDAQ (U.S.), LSE (UK), DAX (Germany), and more. Key instruments include stocks, bonds, ETFs, and currency pairs. Orders can be placed via mobile, web interface, or desktop platform for Windows.
Afrifocus Key Parameters Evaluation
Trading Account Opening
A standard exchange account for phone order desk trading is opened through an Afrifocus representative. An online trading account can be opened directly on the broker’s website. To open an account:
Click Open Online Trading Account at the top of the website.
Enter your email address and create a password to register.
Complete the investor profile form.
Upload the required documents for verification.
Traders who already have a Velocity Trade account can invest through Afrifocus without creating a new one.
Is Afrifocus Safe?
Afrifocus is regulated by the Financial Sector Conduct Authority (FSCA) and holds license FSP No. 48810 as an authorized financial services provider in South Africa. It is also a registered member of the Johannesburg Stock Exchange (JSE).
Advantages
- Protection of client funds and operations under strict FSCA regulation.
- Afrifocus is required to act in the client's best interest, with transparent conditions and contractual compliance.
- Oversight by regulators reduces the risk of malpractice
Disadvantages
- Regulatory procedures may delay the rollout of new products and services.
- Reporting and compliance with FSCA standards impose administrative costs that may affect service pricing.
- FSCA does not operate its own compensation fund.
Commissions and Fees
JSE trading: Stocks and ETFs: 0.50% (minimum ZAR 150), JSE Top 40 index: ZAR 7, futures: ZAR 10 to 20. International trading: U.S. stocks and ETFs: $0.03 per share (minimum $20), other countries: 0.35% (minimum £10, €15, CAD 20, NOK 80, DKK 80, CHF 25). Bond commission: 3% across all countries. These fees apply to online trading via Velocity Trade and may include an Afrifocus surcharge. Level 1 data fee: ZAR 150, $10, €10, or £10 per month.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Trading Account | ZAR 7 | Yes |
| International Account | USD 20 | Yes |
Clients also pay stamp duty, trading commission, financial transaction tax, and exchange fees based on the country of the listed security.
Account Types
Afrifocus accounts can be opened by individuals aged 18 and older, whether resident or non-resident of South Africa, including individuals, companies, and trusts.
Deposit and Withdrawal
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Clients can only use a bank account opened in their name and listed in their Afrifocus profile for deposits and withdrawals.
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Deposit processing times may vary depending on the banks involved and the type of transfer (local or international).
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The withdrawal fee for international accounts in USD, EUR, or GBP is $30 per transaction.
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For ZAR-denominated accounts, the withdrawal fee is ZAR 23.30 for standard transfers and ZAR 250 for real-time payments.
Investment Options
Afrifocus portfolio solutions for passive income:
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Wealth Builder: Actively managed discretionary portfolio targeting medium- to long-term capital growth. Aims to outperform South African inflation by 3% annually after costs. Diversified across stocks, bonds, commodities, funds, and cash instruments listed on the JSE.
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Wealth Equities: Fully discretionary portfolio focused on undervalued stocks and ETFs. The objective is to outperform the FTSE/JSE All Share Total Return Index over the long term. Managed by a portfolio team supported by in-house analytics.
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Wealth Income: Income-oriented portfolio using high-dividend stocks, real estate funds, preferred shares, and fixed-income instruments. Designed for clients seeking regular payouts with diversification and controlled risk.
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Wealth Cash: Conservative portfolio using Nedbank corporate deposit accounts in the money market. Offers monthly interest accrual and is suitable for capital preservation with moderate returns.
Afrifocus’s partnership program
Afrifocus does not offer affiliate or referral programs for client acquisition.
Customer Support
Afrifocus operates Monday through Friday from 08:00 to 17:00 (GMT+2).
Advantages
- 30-minute consultations via phone, Zoom, or Microsoft Teams
- Call center availability
Disadvantages
- No chat support on the website
Afrifocus provides multiple ways to contact client support:
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Email;
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Phone;
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Feedback form;
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Facebook, Instagram, X, LinkedIn.
Contacts
| Registration address | Johannesburg, 31B Impala Road, Chislehurston, Sandton |
|---|---|
| Regulation |
FSCA
Licence number: FSP 48810 |
| Official site | https://afrifocus.co.za/ |
| Contacts |
+27(0) 11 011 1600
|
Education
Afrifocus’s website does not feature a dedicated education section. However, some educational content is indirectly provided through service descriptions and team expertise.
Afrifocus does not provide structured education for beginners. There is no mention of available courses or webinar participation options on the website.
Detailed review of Afrifocus
Afrifocus is a registered broker and investment manager providing access to a wide range of assets, including domestic equities, bonds, currency pairs, international markets, and retirement investments. Afrifocus supports international investments within the ZAR 1 million annual offshore allowance and connects to more than 20 global stock exchanges.
Afrifocus by the numbers:
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Founded in 2000.
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Regulated by FSCA since 2018.
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Over 7,000 accounts served.
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Access to 20+ exchanges.
Afrifocus is a broker for standard exchange and online trading
Retail investors have access to essential tools such as stop-loss and watchlists. Trading is conducted online through TraderEvolution and Velocity Trade.
TraderEvolution is a multifunctional trading platform that provides global market access. It integrates with multiple exchanges and supports trading in stocks, bonds, and other instruments. The platform features advanced charting tools, more than 40 indicators, market depth, and hotkeys. Integration with TradingView allows users to analyze and trade directly through the popular charting interface.
Velocity Trader is the proprietary online trading platform from Velocity Trade, available in desktop, web, and mobile versions.
Afrifocus’s analytical services:
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Equity research: In-depth analysis and recommendations with target prices and risk assessment.
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Company updates: Detailed issuer reports with actionable insights, e.g., Oceana Group, Resilient Properties.
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Market statistics: Index movements, gainers and losers, dividend updates, overall market performance.
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Real estate sector reports: Analytics on institutional real estate investments through JSE, including NAV, dividend yields, and macro indicators.
Advantages:
Available web, desktop, and mobile trading platforms.
Full range of services from order execution and clearing to corporate actions.
No minimum capital for JSE trading.
Unified account with access to local and global markets.
Risk and analysis tools such as stop-loss, alerts, proprietary charts, and technical indicators.
Access to derivatives market including futures and CFDs.
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