1ForYou Brokers 2025
1ForYou is an innovative payment gateway that is bridging the gap between South Africa’s informal cash economy and digital finance. It’s a convenient deposit option for South African-based traders looking to fund their investment accounts.
1ForYou is no longer accepted by leading brokers. See other payment methods for online trading.
Brokers With Alternative Payment Methods To 1ForYou
These top-rated brokers offer convenient funding alternatives to 1ForYou:
Here is a short summary of why we think each broker belongs in this top list:
- Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
- eToro USA - eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.
- UnitedPips - Operating since 2016 and based in Saint Lucia, UnitedPips is a non-dealing desk broker serving clients in over 137 countries. It specializes in CFD trading across around 80+ assets with high leverage up to 1:1000.
- IQCent - IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With an expanded suite of 175+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.
- Plexytrade - Established in 2024 and headquartered in Saint Lucia, Plexytrade is an ECN/STP broker. Geared towards active traders, it supports four account options, crypto deposits and withdrawals, plus very high leverage up to 1:2000 made possible by its unregulated status.
Compare The Best 1ForYou Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| Interactive Brokers | $0 | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | 1:50 |
| NinjaTrader | $0 | Forex, Stocks, Options, Commodities, Futures, Crypto | NinjaTrader Desktop, Web & Mobile, eSignal | 1:50 |
| eToro USA | $100 | Stocks, Options, ETFs, Crypto | eToro Trading Platform & CopyTrader | - |
| UnitedPips | $10 | CFDs, Forex, Precious Metals, Crypto | UniTrader | 1:1000 |
| IQCent | $250 | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | Online Platform, TradingView | 1:500 |
| Plexytrade | $50 | CFDs, Forex, Indices, Stocks, Commodities, Crypto | MT4, MT5 | 1:2000 |
Interactive Brokers
"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer
Interactive Brokers Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies |
| Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM |
| Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
| Minimum Deposit | $0 |
| Minimum Trade | $100 |
| Leverage | 1:50 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF |
Pros
- There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
- Interactive Brokers has been named Best US Broker for 2025 by DayTrading.com, recognizing its long-standing commitment to US traders, ultra-low margin rates, and global market access at minimal cost.
- Interactive Brokers has launched ForecastTrader, a unique, zero-commission product where users can trade yes/no Forecast Contracts on political, economic, and climate events, with fixed $1 payouts per contract, 24/6 market access, and 3.83% APY on held positions.
Cons
- TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
- You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
- IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
NinjaTrader
"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."
Tobias Robinson, Reviewer
NinjaTrader Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Forex, Stocks, Options, Commodities, Futures, Crypto |
| Regulator | NFA, CFTC |
| Platforms | NinjaTrader Desktop, Web & Mobile, eSignal |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:50 |
| Account Currencies | USD |
Pros
- You can get thousands of add-ons and applications from developers in 150+ countries
- Traders can get free platform access and trade simulation capabilities in the unlimited demo
- NinjaTrader continues to deliver comprehensive charting software for active day traders with bespoke technical indicators and widgets
Cons
- The premium platform tools come with an extra charge
- There is a withdrawal fee on some funding methods
- Non forex and futures trading requires signing up with partner brokers
eToro USA
"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."
eToro USA Quick Facts
| Bonus Offer | Invest $100 and get $10 |
|---|---|
| Demo Account | Yes |
| Instruments | Stocks, Options, ETFs, Crypto |
| Regulator | SEC, FINRA |
| Platforms | eToro Trading Platform & CopyTrader |
| Minimum Deposit | $100 |
| Minimum Trade | $10 |
| Account Currencies | USD |
Pros
- eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC
- A free demo account means new users and prospective day traders can try the broker risk-free
- The broker's Academy offers comprehensive learning materials for beginners to advanced-level investors
Cons
- There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
- Average fees may cut into the profit margins of day traders
- There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos
UnitedPips
"UnitedPips is ideal for traders seeking leveraged trading opportunities, the security of fixed spreads, and the flexibility to deposit, withdraw, and trade cryptocurrencies - all in one sleek TradingView-powered platform."
UnitedPips Quick Facts
| Bonus Offer | 40% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Precious Metals, Crypto |
| Regulator | IFSA |
| Platforms | UniTrader |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD |
Pros
- Although being handed off mid-chat due to shift changes during testing was frustrating, customer support is generally good with quick, helpful responses, and 24/7 support via phone and email for regional teams is a definite advantage.
- UnitedPips’ platform performs well, with an intuitive design that will appeal to beginners, while the TradingView integration delivers powerful charting tools without overwhelming users, making it straightforward to execute trades efficiently.
- UnitedPips offers impressive leverage up to 1:1000 with zero swap fees or commissions, which can enhance potential returns for day traders and swing traders looking to control prominent positions with less capital.
Cons
- UnitedPips' selection of tradable instruments is still minimal, comprising a bare minimum selection of forex, metals and crypto. There are no equities, indices or ETFs, which may be a drawback for experienced traders looking for diverse opportunities.
- Unlike brokers such as IG, UnitedPips is an offshore broker not regulated by any 'green tier' financial authorities, raising concerns for traders seeking assurance and protection under well-established regulatory frameworks.
- UnitedPips lacks comprehensive research, while the educational content for beginner traders is woeful. Compared to brokers like eToro, which offers tutorials, webinars, and advanced courses, UnitedPips offers minimal resources to help new traders understand key concepts.
IQCent
"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "
IQCent Quick Facts
| Bonus Offer | 20% to 200% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
| Regulator | IFMRRC |
| Platforms | Online Platform, TradingView |
| Minimum Deposit | $250 |
| Minimum Trade | $0.01 |
| Leverage | 1:500 |
| Account Currencies | USD, EUR |
Pros
- The broker offers up to 98% payouts on binary options, which is more than alternatives like Pocket Option, only offering up to 92%
- IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders
- Keen traders can take part in trading contests with cash prizes
Cons
- IQCent trails binary brokers like Quotex with its narrow investment offering of around 175 assets with limited stocks
- The broker is not overseen by a respected regulator, though this is common among binary options firms
- IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month
Plexytrade
"Plexytrade is a newcomer in the brokerage scene with attention-grabbing features like 1:2000 leverage, zero spreads on select instruments and fast execution speeds of less than 46 milliseconds. However, the absence of regulation is a significant concern, while the non-existent research and educational tools place it far behind industry frontrunners."
Plexytrade Quick Facts
| Bonus Offer | 120% Cash Welcome Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Indices, Stocks, Commodities, Crypto |
| Platforms | MT4, MT5 |
| Minimum Deposit | $50 |
| Minimum Trade | 0.01 |
| Leverage | 1:2000 |
| Account Currencies | USD, EUR |
Pros
- Despite lacking regulation, Plexytrade provides negative balance protection and reinforces safety protocols by holding client funds in segregated accounts.
- US residents are accepted as clients, distinguishing Plexytrade as one of the rare offshore brokers that cater to US-based traders.
- Plexytrade offers among the highest leverage we’ve seen, up to 1:2000, catering to advanced traders willing to forego regulatory protections.
Cons
- Deposits and withdrawals are exclusively facilitated through cryptocurrencies, as Plexytrade does not support bank cards, bank wire transfers, or e-wallets.
- With around 100 instruments, Plexytrade restricts the flexibility of investors who prefer to trade across various assets, especially compared to Blackbull with its 26,000 securities.
- There are no social or copy trading features for inexperienced traders to replicate the trades of more experienced investors, trailing category leaders like eToro.
What Is 1ForYou?
1ForYou aims to provide online payment access to everyone, especially those without traditional bank accounts.
Clients can control their cash, make payments and top up wallets without the need for an official bank account. A 1ForYou account can also be used to fund bus tickets, Wi-Fi, trading and everything in between.
All communications through 1ForYou are in English, and the primary currency used is the South African Rand (ZAR), making it particularly popular with South African traders.
Whilst there is no registered office address, the company appears to operate from South Africa.
Fees
1ForYou does not charge transaction fees for using their vouchers, so you can make deposits and withdrawals from your trading account without incurring additional fees from 1ForYou itself. However, some brokers may add their own fees.
Be sure to read the broker’s full terms and conditions to avoid any nasty surprises further down the line.
Although not an explicit fee, it’s useful to know that the 1ForYou vouchers themselves do have an expiration date, for example, three years. And, if a voucher is lost or damaged, it cannot be replaced or refunded for cash.
The 1ForYou mobile app is also free to download from both the Apple App Store and Google Play Store.
Speed
Transactions will normally be executed instantly with 1ForYou. Funds are credited to your account at the click of a button, so you can make the most of potential trading opportunities.
However, one aspect that will slow things slightly is the fact that online top-ups are not facilitated. Having to physically go to a store to purchase a voucher will obviously take longer than making an online transfer, which may lead to active traders missing out on short-term opportunities.
Security
1ForYou provides limited information on security measures for protecting client funds. The main security feature is the unique 16-digit voucher pin required to redeem vouchers.
All transaction and personal information is encrypted according to international standards, and only authorized employees have access to this information.
However, there aren’t any certificates issued by regulatory bodies, markers of compliance or any documentation shared that could be used to benchmark against standard measures. This is a cause for concern because it is difficult to gauge what protection, if any, is afforded to traders wanting to use it.
How To Deposit Using 1ForYou
To deposit into your account, you will need to purchase a 1ForYou voucher. Vouchers can be purchased in cash or with a credit or debit card and you do not need to have a registered bank account to do so.
Vouchers are available online at many South African retailers and several flash traders, including PEP, FLASH, Ackermans, Shoprite, Checkers, OK, Usave, House and Home, and Dealz. A full partner network can be found on the company’s website.
To top up a trading account using a 1ForYou voucher at a broker like XM, you’ll need to follow a few simple steps:
- Login to your broker account
- Navigate to the cashier section
- Select 1ForYou as your desired deposit method
- Enter your 16-digit voucher pin
Funds will be credited to your account almost instantly. For the time being, it is not possible to top up your account online, which is a feature we hope to see made available soon.
Pros & Cons Of Funding Your Trading Account Using 1ForYou
Pros
- Facilitates refunds
- Free mobile app download
- Transfer between friends and family
- No transaction or monthly subscription fees
- iOS and Android (APK) app downloads available
Cons
- Online top-ups are not available
- Does not facilitate overseas payments
- Only available to South African traders
- Details regarding security measures are vague
- Companies are not able to directly pay a salary into the app
- Limited choice of 1ForYou brokers to choose between
Is 1ForYou Good For Day Trading?
If you are a trader based in South Africa, the 1ForYou network could be a convenient way to fund your trading account, especially if you don’t have a registered bank account. There are no set-up fees, deposits are credited instantly and the mobile app is convenient and easy to use.
We also like the ethos of the company and the gateway does a great job of connecting traditionally underserved, cash-rich markets with the online financial world.
However, there are downsides to consider. The fact that the company doesn’t offer online top-ups is a serious drawback. Some traders may also find limitations on overseas payments restrictive.
If we compare the 1ForYou gateway to the likes of PayPal or Mastercard, it is definitely more limited in the breadth of services offered. Moreover, the fact that it is only available in South Africa will be a sticking point for many day traders.
Overall, we’d say that the services offered are good but only suited to a small demographic and we wouldn’t necessarily recommend it over other payment methods.
FAQ
What Should I Do If My 1ForYou Voucher Is Not Working At My Broker?
If you have an invalid voucher, you need to recharge your pin or you have a question regarding reference numbers, contact the customer support team. Give them a call or send an email for assistance. The helplines are responsive and available during standard working hours.
Is It Cheap To Deposit To My Trading Account With 1ForYou?
Yes, 1ForYou does not generally charge any transaction fees, although some brokers may charge their own processing fees.