Scope Prime Expands with JSE CFDs as IG Group Exits South African Market

As IG Group officially prepares to withdraw from South Africa, our exclusive report confirmed their plans to shut down local operations. Now, Scope Prime is stepping up to capture the opportunity left behind—announcing a strategic expansion of its CFD offerings to include stocks and ETFs listed on the Johannesburg Stock Exchange (JSE).

Scope Prime Targets South African Traders with JSE Equity and ETF CFDs

In a timely move, Scope Prime, part of the Rostro Financial Group, has added CFDs on leading JSE-listed equities such as Sasol, MTN, Naspers, and Shoprite, along with sector-focused ETFs. This expansion aims to provide local traders and investors with broader access to domestic financial instruments via CFDs—without direct ownership or additional tax burdens.

According to Daniel Lawrance, CEO of Scope Prime:

“This expansion into JSE-listed instruments comes at a crucial moment for South Africa. As other brokers retreat, we are investing more into providing access and transparency to local markets.”

A Cost-Efficient Alternative with Institutional Tech Integration

Scope promotes its CFD model as an efficient solution for traders who want exposure to South African equities without the high transaction costs of traditional investing. CFD holders benefit from no Securities Transfer Tax (STT) and zero ownership-related fees, reducing total trade costs. Additionally, Scope handles the required reporting, removing administrative burdens from the client.

To support this rollout, Scope Prime has partnered with Iress, a market technology provider, to offer real-time data feeds and exchange-sourced pricing—designed to ensure institutional-level transparency for retail traders.

As IG Pulls Back, Scope Pushes Forward

With IG Group set to end all ZAR-denominated account operations locally by 28 July 2025, Scope Prime appears well-positioned to fill the resulting gap. While IG will continue to offer offshore accounts, this opens the door for new players focused on providing regulated, locally relevant solutions.

Other brokers such as CFI and XS.com have also secured local licenses in South Africa over the past year, underscoring a trend of new entrants replacing legacy brands that are downsizing or exiting.

Deepening Local Footprint and Leadership

Scope Prime is regulated under Scope Markets SA (Pty) Ltd, an authorized financial service provider and OTC derivatives provider in South Africa. The company’s local team operates from offices in Johannesburg and is led by Kearabilwe Nonyana, a former IG and ThinkMarkets executive. His appointment as Head of Africa highlights the broker’s intent to strengthen institutional relationships and market positioning across the continent.

Final Word

While legacy brokers like IG are pulling back, Scope Prime is clearly moving in the opposite direction—doubling down on its local product offerings and positioning itself as a serious contender in South Africa’s dynamic trading landscape. With low-cost JSE CFD access, real-time pricing tech, and local market expertise, Scope Prime is emerging as a reliable choice for South African traders in 2025.

Stay tuned to fairforexreviews.com for real-time updates on broker moves, regulation trends, and new product launches in South Africa and beyond.