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:
This is why we think these brokers are the best in this category in 2025:
- Deriv - Established in 1999, Deriv is an innovative broker now serving over 2.5 million global clients. The firm offers CFDs, multipliers and more recently accumulators, alongside its proprietary derived products which can't be found elsewhere, providing flexible short-term trading opportunities.
Compare The Best 1ForYou Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| Deriv | $5 | CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs | Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView | 1:1000 |
Deriv
"Deriv is ideal for active traders seeking alternative ways to speculate on global financial markets, from binaries, multipliers and accumulator options to its bespoke synthetic indices, which mimic real market movements and are available 24/7, allowing for continuous trading opportunities regardless of market hours. It remains one of the most trusted, longest-standing binary providers, earning the confidence of our team."
Christian Harris, Reviewer
Deriv Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs |
| Regulator | MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA |
| Platforms | Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView |
| Minimum Deposit | $5 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP |
Pros
- Deriv has doubled its leverage on ETFs, from 1:5 to 1:10, providing greater potential returns with the same outlay, though of course leverage cuts both ways - losses too are amplified.
- Although response times trail alternatives in our personal experience, Deriv offers 24/7 support and is one of the few brokers to offer WhatsApp assistance.
- Account funding is a breeze with a very low minimum deposit of $5 and a huge selection of payment options, plus Tether was added to the cashier in 2023.
Cons
- While the Academy launched in 2021 is a step in the right direction, there is limited education on advanced trading topics for seasoned traders and no live webinars to upskill new traders.
- Apart from the MFSA in the EU, Deriv lacks top-tier regulatory credentials, reducing the level of safeguards like access to investor compensation.
- Leverage up to 1:1000 will appeal to traders with a large risk appetite but frustratingly there is no ability to flex the leverage in the account area.
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.