Best Trading Platforms, Brokers & Apps in South Africa

Trading forex, CFDs, and other instruments with online brokers in South Africa has never been easier. There is a broad selection of trading platforms to choose from, and the number of trading apps in South Africa is constantly growing.

We have tested all of the brokers and collected the most prominent ones. On the following page, we have listed the top trading platforms in South Africa organized based on different markets.

Of course, all the brokers below are regulated and licensed for the South African market.

Best Stock Trading Brokers & Platforms in South Africa

1. IG MArkets

#
legendary uk online stockbroker

2. etoro

#
Copy trading global company stocks

3. Trade.com

#
great stock trading platform
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Stock Trading Platforms & Brokers in South Africa

1. ig markets
2. etoro
3. trade.com
Fees
Spread on AmazonMin. $20.09%Min. $1.5
Commission
Withdrawal Fee0 %$250%
Deposit & Withdraw
Minimum Deposit $100$250$200
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1-3 Days1 Day
Assets & Platforms
How Many Stocks12,000+1,000+2,000+
PlatformMetaTrader 4 + DMAeToroMetaTrader 4 + DMA
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationFSCAFSCAFSCA
Based inthe UKIsraelCyprus
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a good Stock Trading platform & broker in the South africa?

Finding a good stockbroker to trade stocks and related derivatives with is not an easy feat.

Finding an online stockbroker in South Africa is not hard since there are so many to choose from. Although, finding the best stock trading platform can be a bit more difficult.

To separate the best brokers from the rest, we looked at specific requirements, including the selection of stocks, overall quality of the trading platform, safety, reputation, and trading experience.

This is done by reviewing each part of every broker, and more importantly, through hours of trading on the platform.

The South African stockbrokers that have ended up in our top three list all excel on several levels.

For example, they all have a satisfying selection of company stocks from all over the world. It’s mainly European and American stocks, but some even provide the option of trading stocks from African exchanges.

They all provide access to world-class trading platforms including some that were designed in-house as well as some third-party platforms like the MetaTrader 4 and 5.

These platforms are all easy to use and understand, and most of them provide unique functionality that you can’t find anywhere else.

Naturally, all the top stockbrokers in South Africa are licensed and regulated, meaning they’re safe to use.

In fact, all of them have at least one license from Europe (either CySEC or British FCA) and many of them have also been approved by the South African regulator, the Financial Sector Conduct Authority (FSCA) formerly the Financial Service Board (FSB).

It’s with confidence that we recommend the brokers above and it’s all based on hours of reviewing and trading, conducted by our experienced team of professional traders.

So, if you’re looking for the best South African stock trading platforms, this is where you find them.

Best Forex Brokers & Platforms in south africa

1. plus500

#
world-RENOWNED forex broker

2. fxtm

#
Many Assets To trade & good App

3. AVATRADE

#
Fast Withdrawal & Good Platform
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Forex Trading Platforms & Brokers in South africa

1. Etoro
2. fxtm
3.Avatrade
Fees
Spread for USD/EUR3 pips20 pt1.3 pips
Commission
Withdrawal Fee $250%$0
Deposit & Withdraw
Minimum Deposit $200$100$5
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1 Day1+ Day
Assets & Platforms
How Many Currency Pairs4770+60+
PlatformseToroMT4, MT5MT4, MT5
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationFSCMFSCMFSCM
Based inIsraelCyrpusIreland
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

What Makes a Good Forex Trading Platform & Broker in South africa?

The forex market is not only the biggest financial market in the world based on turnover, but it’s also one of the most popular markets in South Africa.

In fact, the number of regulated forex brokers outnumbers all other types of brokers in the African nation.

One of the reasons for this is that forex is considered to be slightly easier to trade than some other assets.

Moreover, most of the online brokers in South Africa specialize in forex trading while offering other instruments “on the side,” making it a highly competitive space.

In fact, picking the best forex brokers in South Africa was not an easy feat, and it has required a lot of work and time.

When reviewing forex brokers, we look at several aspects of the broker, although we focus most of our energy on a selection of currency pairs, ease of use, overall quality of platform, regulations, and reputation in the industry.

The result of this is a top-three list with forex brokers operating in South Africa.

What they all have in common is a good selection of currency pairs ranging from majors and minors to exotic pairs.

They also have state of the art platforms with all the features you’ll need to succeed.

That includes high-quality graphs that update in real-time, stop-loss features and signals, educational material, and even account managers in some cases.

We also ensure that each broker is safe to use by checking their licenses. Meaning all of the forex brokers in South Africa that we recommend have been approved by regulatory bodies in Europe and Africa.

In the end, our top three brokers provide the best forex trading platforms in South Africa, and they all offer something a little extra that separates them from the rest of the brokers in the country.

Best Cryptocurrency Brokers & Platforms in south africa

1. ETORO

#
great selection and a crypto exchange

2. Plus500

#
first online broker to offer bitcoin

3. xtb

#
Varied selection of cryptocurrencies
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Crypto Trading Platforms & Brokers in south africa

1. Etoro
2. plus500
2. xtb
Fees
Spread for Bitcoin0.75%0.50%Min. 1%
Commission
Withdrawal Fee $250%$0
Deposit & Withdrawals
Minimum Deposit$200$100$250
Bank Transfer
Debit/Credit Cards
Electronic wallets
Time to Withdraw1 Day1 Day1+ Day
Assets & Platforms
How Many Cryptocurrencies16 (plus pairs)12 (plus pairs)12 (plus pairs)
PlatformseToro & eToroXPlus500xStation 5 & MT4
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationFSCAFSCAFSCA
Based inIsraelCyprusPoland
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a Good Crypto Trading Platform & Broker in south africa?

Cryptocurrency trading has experienced an incredible upswing over the last couple of years.

Even when the market is falling and stagnating, the number of cryptocurrency traders remains higher than just a few years ago.

A large part of these traders use cryptocurrency exchanges for their trading, but that is not necessarily the best option.

As you probably know, cryptocurrency exchanges lack proper regulation meaning they are sometimes risky to use.

They get hacked more often than regular online brokers in South Africa.

Because of this, we prefer trading our cryptocurrencies with online brokers, and we suggest you do the same.

Some of the benefits of using a broker instead of an exchange are that the platforms have been around and upgraded for as long if not longer than Bitcoin has been around.

The crypto trading platforms in South Africa also provide access to other markets such as the stock and forex market.

Moreover, you’re allowed to use leverage and margins to maximize your exposure for each position.

Because of all of this, we’ve spent countless hours reviewing and testing all the cryptocurrency brokers in South Africa, and we’ve listed the top three picks here.

All of these South African crypto brokers have a couple of things in common. Firstly, they provide access to a wide range of digital currencies, and in most cases, a couple of cryptocurrency pairs.

They also have top of the shelf trading tools with everything from graphs and indicators to educational material and crypto trading apps.

As mentioned, all the top crypto brokers and platforms in South Africa are also licensed and regulated by some of the toughest regulatory bodies in the world.

Besides the two main European licenses from CySEC (Cyprus) and the FCA (the UK), our top crypto brokers are licensed in South Africa by the FSCA (formerly FSB).

That means that you can trade with peace of mind and without having to worry about being ripped off or hacked.

So, if you live in South Africa and you want to trade Bitcoin, Ethereum, Ripple, Dash, Litecoin, etc. we suggest you stick with one of the above-mentioned cryptocurrency brokers.

Best Commodities Trading Platforms & Brokers south africa

1. Trade.com

#
great platform, large selection

2. Ig Markets

#
decades of experience offering commodities

3. Plus500

#
Top trading platform in the world
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

Compare the Best Commodities Trading Platforms & Brokers in South africa

1. Trade.com
2. IG Markets
3. plus500
Fees
Spread for Spot Gold0.05%0.3 pips0.02%
Commission
Withdrawal Fee0%0%$0
Deposits & Withdrawals
Minimum Deposit $100$250$100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1-3 Days1+ Day
Assets & Platforms
How Many Commodities223922
PlatformsMetaTrader 4 + DMAMetaTrader 4 + DMAPlus500
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationFSCAFSCAFSCA
Based inCyprusthe UKIsrael

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What makes a good Commodity Trading Platform & Broker in south africa?

Trading commodities as derivatives such as CFDs has become increasingly popular over the last couple of years.

The commodities market is an exciting market where traders can trade with instruments that they might already have a connection to, such as gold, oil, and even livestock.

Due to the market’s increasing popularity, the requirements for brokers to offer commodities is increasing.

Never before have traders expected so much from their commodities brokers, which is why we’ve put the work into figuring out which commodities trading platform is better.

When reviewing the brokers, we often start by reviewing the number of commodities that are offered.

Sometimes the selection is divided into energy commodities and others, but that varies.

Also, we do prefer brokers that have a selection of both spot prices and futures, since that’s what makes this market so interesting

The best commodities brokers in South Africa also have to be equipped with a great trading platform, and this is where we really get picky.

Unless a platform can be used to execute your trades and open positions without limitations, we won’t consider it one of the best commodities platforms in South Africa.

That means that everything from graphs (both spot and futures) and execution, to stop-loss and educational material, has to be incredible.

Like all traders, we also don’t want to pay too much to trade, and the spread and fees for commodities should always be kept to a minimum.

Our point is that any brokers that don’t live up to our, and most likely your strict requirements, can not be considered a leading commodities broker in South Africa.

In turn, that means you won’t find anything but the best of the best here.

Best Indices Trading Platforms & Brokers south africa

1. Plus500

#
Very Serious broker With a great reputation

2. IG Markets

#
choose a platform that suits your needs

3. Trade.com

#
Amazing selection of indices
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Indices Trading Platforms & Brokers in south africa

1. Plus500
2. IG Markets
3. Trade.com
Fees
Spread for Germany 300.79 pips1.0 pips$2
Commission
Withdrawal Fee0%0%$0
Deposits & Withdrawals
Minimum Deposit $100$250$100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1-3 Days1 Day
Assets & Platforms
How Many Indices3030+30+
PlatformPlus500MetaTrader 4 + DMAMetaTrader 4 + DMA
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationFSCAFSCAFSCA
Based inCyprusthe UKCyprus
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a Good Indices Trading Platform & Broker in south africa?

For those of you who don’t already know, indices are instruments made up of several other instruments based on their separate values.

One of the most common indices today are stock indices. These are typically connected to a certain exchange that also controls and regulates the index.

That being said, many of the best index brokers in South Africa offer indices on more markets than the stock market.

For example, there are South African indices trading platforms that allow you trade on indices made from commodities and bonds, and even cryptocurrencies.

Some of the most common indices are the S&P 500, the Nasdaq Composite as well as the FTSE South Africa.

The index market is an exciting market that’s main benefit is versatility. Because of that, our main requirement for index brokers in South Africa is to have a varied selection of instruments.

Since all the recommended indices brokers operate in South Africa, we like to see at least a handful of Africa indices in the selection, in addition to all the major indices from Europe and the US.

Moreover, we like newer modern indices such as cryptocurrency indices. Some brokers have even created their own indices that you can trade on.

It probably goes without saying, but we also require that each broker is safe to use and regulated, that their platform belongs to the top tier of indices trading platforms in South Africa, and that the fees and spread are kept at an acceptable level.

Best Trading Apps for Stocks, Forex & Crypto in south africa

1. etoro

#
copy trading on your smartphone

2. Plus500

#
apps of ios, android, and windows

3. AvaTrade

#
pick the trading app that suits you
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the best trading apps in the uk

1. etoro
2. Plus500
3. Avatrade
Fees
Spread for Amazon0.09%2 pips1 pips
Commission
Withdrawal Fee€250%€0
Deposit & Withdrawal
Minimum Deposit €100€250€100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1-3 Days1 Day
Assets & Platforms
How Many Stocks1,000+1,500+90
How Many Currency Pairs4770+60+
How Many Cryptocurrencies16 (plus pairs)12 (plus pairs)12 (plus pairs)
How Many Commodities62215
How Many Indices123023
PlatformseToro MobilePlus500 MobileAvaTradeGo
iOS
Android
Support & Safety
24/7 Availability
Free Account Manager
RegulationFSCAFSCAFSCA
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a Good Trading App in the UK?

Africa is today the most mobile-dense continent in the world. Nowhere else is the population as connected through mobile devices as they are in South Africa and the rest of the region.

This development has led to many interesting new markets and solutions, and it’s definitely helped the mobile trading market surge.

In fact, since most South Africans own a cellphone but no computer, the need for good trading apps is bigger in South Africa than in most places in Europe and elsewhere.

Because of this, we are especially careful and picky when evaluating trading apps in South Africa.

Regarding our requirements for the best trading apps in Africa, we do have a testing system that has been designed to be as accurate as possible.

Since trading apps is a bigger category than the broker categories above, we tend to spend more time in the reviewing process.

This allows us to thoroughly test each mobile trading platform on both iOS and Android, and it gives us a chance to use the trading app on several markets.

You see, the best trading apps in South Africa can’t be limited to just one market or type of instruments.

Instead, we’re looking for the mobile trading apps that can be used for a range of assets such as stocks, forex, and cryptocurrencies.

Besides safety, regulation, fees, and our “standard requirements,” we also look at how the broker behind the mobile app is acting.

Are they pushing innovation and launching new tools and opportunities? Or are have they gotten stuck in the development phase where they “settled” for an okay trading app?

You can learn more about South Africa’s best trading apps in the comparison above. And don’t forget that all the recommended brokers have a demo account that allows you to test a platform before signing up and depositing money.

In other words, after you’ve found a trading platform in South Africa that you think would fit you, we suggest you start with a demo account.

This way, you can ensure that you actually like the app before you start risking your hard-earned money.

how we did the research

Reviewing and testing brokers and platforms in South Africa can be more difficult than doing it elsewhere because the South African market is very unique.

That being said, our team has spent at least 150 hours just reviewing the market and testing all the available brokers.

The result of those countless hours is a complete break down of the country’s market and all the brokers and apps that are available there.

All of the data that we collect is what serves as the foundation for our recommendations later on, and it’s this data that we use to determine which brokers are best in different situations.

Our goal is to test every detail of each broker so that you don’t have to.

It’s a tedious job and all the different software and trading platforms make it quite confusing, which is why you shouldn’t have to do it on your own.

With that being said, we don’t encourage you to blindly follow our recommendations. Instead, we want you to use our recommendations in your own decision making.

In the end, you’re the one who will be using the broker so it’s important that you feel comfortable with whoever you choose.

The Legal Status of Trading in South Africa

It is completely legal to trade forex, CFDs, and other derivatives in South Africa, although there are many scam business out there that you need to avoid.

The South African financial markets are regulated and controlled by the Financial Sector Conduct Authority (FSCA) –

a regulatory body that recently replaced the Financial Service Board of South Africa (FSB).

This means that any broker that is being regulated by the FSCA or one of the European regulators – CySEC and FCA – is considered safe to use in South Africa.

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex 
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPmarkets
  • Amana Capital
  • Admiral Markets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • Teletrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • AAAtrade
AdamJarfjord1
Adam Jarfjord
Senior Editor

With several years of experience writing financial copy combined with an avid interest in forex trading, Adam possesses a superb understanding of the industry.

FAQ – Everything About Trading Platforms & Brokers in South africa

Below, we’ve collected all the most commonly asked questions regarding trading apps in South Africa with detailed answers to all of them. As the market grows and the questions change we will update the list and make sure that it’s always up to date.

If you ever have any questions or concerns regarding brokers, platforms and apps in South Africa, you will find the answer below.

Is Trading Legal in South Africa?

Yes, the trading is fully legal and regulated in South Africa. That includes CFDs and other derivatives as well as actual assets such as stocks, commodities, etc.

The Financial Sector Conduct Authroity (FSCA) is responsible for regulating the market. FSCA was previously known as the Financial Service Board (FSB).

Is FBS Regulated in South Africa?

FBS is a forex broker that is available and regulated tby he FCSA.

Does Traders Pay Taxes in South Africa?

Yes, all South Africans are obligated to declare their profits and pay taxes according to the law.

Which Broker is Best for Forex in South Africa?

There are many forex brokers in South Africa that offers a range of products and opportunities, which makes it difficult to only pick one.

However, we do personally think that Plus500 bits the competition in terms of forex trading. Unless you’re a beginner, then eToro and their copy trading platform might be extra useful.

Which is the Best Trading Platform in South Africa

Generally speaking, all of the brokers above have tremendous technology that supports their platforms. That being said, ifwe had to pick one it would probably MetaTrader (both 4 & 5) since it’s beginner-friendly, versitile, and offered by a group togett

How Can I Invest in Bitcoin in South Africa?

In South Africa, cryptocurrencies can be traded using two different techniques. You either buy the assets from the exchange (alternative someone else). The other option is to invest in cryptocurrencies using online brokers like the ones above.

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