Best FX Trading Platforms in South Africa 2021 - Time Wires

Choosing the best trading platform in South Africa is very important because it will make more money. If you are from South Africa and want to start trading online, you should consider a safe, regulated platform and cheap. An investment broker will be responsible for conducting investment deals and keeping your trading account. However, with many stockbrokers operating in South Africa today, finding a good online trading platform can be complicated. Each of them will call to offer you “best deals” and “lowest rates,” which is, of course, nonsense.

Best trading platform in South Africa

We have listed the best trading platform in South Africa below, according to a variety of factors.

  1. XTB AFRICA 

There are a lot of people trading on a website called XTB. Beginner investors usually join the trade board to trade stocks, cryptocurrencies, or forex. The XTB is easy to use, with a minimum deposit of $5 and offers a wide range of stock, cryptocurrencies, stock indices, and of course, competitive trading fees.

  1. CM TRADING

CM Trading is a reputable platform that has been regulated by the Financial Services Commission of Canada. It is one of the most widely utilized CFD share trading platforms in South Africa. You may access the CM trading platform for CFD day trading with high leverage and low costs, as well as a local customer service team in Johannesburg. 

  1. HOT FOREX

The world-famous binary options brand has turned into an online trading platform for trading contracts for difference. This is a trading platform that owns you to reflect on cryptocurrencies. You can trade all world markets, chat with other traders and follow them online.

  1. AvaTrade

They are one of the most respectable organizations that deal in stocks, with seven regulations across six continents. They offer a wide choice of assets, platforms, and trading conditions.

  1. XM

XM has low fees for stock trading and user-friendly account opening. There are many educational resources, including a demo account for beginners. The drawback of XM is the business is not an investor-friendly business. XM can trade in forex and CFDs.

Online trading in South Africa

Online trading involves selling and buying stocks on the stock market. This will let you buy and sell stock online. The broker will execute orders on your behalf. Different investment types are traded on different investment platforms. Companies are the group of people who make the things you buy. Only full-service brokerages can give you advice on investments.  

Conclusion

Trading in the comfort of your home in southern Africa has never been easier. As discussed in this article, The best online trading platform in South Africa allows you to buy and sell thousands of financial tools without paying any commissions. In conclusion, we found that XTB is the best trading platform available to South Africans.

This heavily regulated provider covers everything from stocks and forex to commodities and crypto. Best of all, you won’t pay a single ZAR in commission or maintenance fees. 

By Zigong