Finding the best trading apps in South Africa can be tricky, since there are so many options to consider. Some of them are local to the country, others are working all over the world. You always need to focus on making sure that you use the right trading apps which provide great value and a very good experience. With that in mind, we made a quick list to include some of the best apps you can use for trading in South Africa.
FP Markets
FP Markets is one of the better trading apps to consider in South Africa, for many reasons. They have been on the market since 2005 and they have top tier regulation. On top of that, you have TradingView along with MT4 and MT5 support. They also have very good spreads and the value as a whole is very good with them. Keep in mind that they do have withdrawal fees that are a bit on the high side. Also, the stock CFDs are limited the leverage can sometimes be very high. But all in all, the value is there, and you will find them to be a very comprehensive, exceptional company with a very good return on investment every single time.
Skilling
What a lot of people like about Skilling is the fact that the app is very good for beginners. They even have a trading assistant that you can use in order to learn the process and how it works. On top of that, you can transfer, deposit or withdraw funds with ease, and you can also create watchlists or search for instruments.
Skilling also shines when it comes to adding charts or technical indicators. It does help because you can make better trading decisions, without worrying about downsides. And another ting to note is that you can find a lot of market news and educational materials from within the app.
HF App
The HF App was created by HFM and they do have all kinds of interesting trading features. For example, you get advanced charting which can prove to be incredibly powerful and very effective. On top of that, they have a market news stream, along with analysis and all the info you require. Plus, they also have in-app fund transfers as well, a very goo thing to keep in mind. As a whole, HF App is a great option to consider, itโs effective and comprehensive, and the total result is very good, one of the best within this niche.
Eightcap
The mobile trading experience is very good with this trading app, and you get support for MT4, MT5 and other platforms. You also get an integration with premium tools like Capitalise.ai. They bring you Forex VPS services, and on top of that, you will get a risk management tool. The fact that you can also trade crypto and a variety of shares, precious metals, equities and commodities is what sets this service apart from many others on the market. Itโs great to have such a comprehensive mobile trading tool, and as a whole, itโs well worth both your time and our money as well.
xStation
Whatโs great about xStation is the fact that it has many of the trading platform features added in a detailed and unique manner. You can track movements with very good accuracy, a stellar design and all kinds of information. Not only that, but the platform is full regulated and you can study the market sentiment. Many consider it to be one of the best trading apps in South Africa, mainly because it has really good features, lots of unique details and the quality you get here is among some of the best on the market.
FBS Trader
At its core, FBS is a combination of ECN and STP brokering. You can use the app to share equities, metals, along with cryptocurrency and commodities. The fact that you have MT5 and MT4 support is great, and that certainly delivers a very good value. Itโs very important to keep in mind the fact that there are over 100 payment methods supported here, and you also have 20% cashback on trading stocks and Forex, along with other assets. Itโs certainly worth taking into consideration if youโre serious about trading in South Africa, seamlessly and without any downsides.
XM
XM is a regulated broker and it has 3 types of accounts. Thereโs the micro account, standard account, but also the commission based XM zero account. The latter one has very tight spreads, so itโs not for everyone. Regardless, you have all kinds of options to keep in mind, and you will be amaze with the quality and value thatโs provided. Additionally, XM stands out with the execution speed. Yes, trades can be executed very fast, usually in under a second. That goes to show the cohesive aspect, the quality provided, but also the exceptional attention to detail. Itโs a great solution for sure, and one that will impress you with its results and ease of use.
Pepperstone
Over the years, Pepperstone managed to stand out with its great, seamless and inclusive trading experience. Their focus is always on quality and a great value for money, but at the same time, they also have simple accounts with ECN execution. Usually, the platform is very good for scalpers or clients that have their own expert advisors.
On top of that, you also get pretty much all the tools you would want and expect from a trading app in South Africa. Those include analytics, along with detailed news, real time charts, live quotes and a vast range of other things. Itโs totally worth taking into consideration, especially if you also want to use trading plugins. All of that works seamlessly, and it will help you surpass competitors, while gaining access to all the best trading opportunities. Itโs a solid app, with a great interface and exceptional trading tools that will assist you later on without any hassle.
AvaTrade
The trading platform is widely known for being one of the top tier mobile trading apps in South Africa. Its clear advantage stems from the quality and value for money, but also charts, ease of use and monitoring the current trading trends. On top of that, they have a protection tool designed to help you ensure you have loss protection for a limited time. Itโs also important to keep in mind that their fees are some of the lowest on the market, which is great. Itโs a very good place for traders, no matter if you are a beginner or an expert. And the general quality provided is indeed great, not to mention it can surpass many trading apps in South Africa.
Octa
A lot of people donโt have the necessary knowledge to start trading properly, and that can be quite the issue in many situations. Thatโs why the best thing that you can do is to go with a platform like Octa. They provide great copy trading features, so you donโt have to worry about any challenges or issues. And on top of that, they do bring in an exceptional result, without dismissing any problems or challenges. Another thing to keep in mind here is that you even see a breakdown of your investments, you can also compare your gain, commission amounts and so on. It certainly helps streamline the process, while keeping things very consistent and easy to do.
Plus500
Plus500 has a lot of things going for it, from its proprietary trading platform to the competitive pricing and very good reputation within the industry. They also support a massive number of currency pairs, so you can easily capitalize on market opportunities without any hassle. Then there are other things to consider like competitive spreads and great security features. We should also note the fact that itโs all about simplicity, which is why a lot of traders in South Africa are gravitating towards it more often than not.
XM Group
Many traders want to use this trading app because itโs very effective, it offers very good commitment to client satisfaction, and at the same time, the trading costs are low. They do keep rather competitive spreads, not to mention you have access to a whole bunch of trading instruments all the time. Their non stop support, webinars and also the numerous educational resources always recommend the platform as one of the best that you can find on the market. Itโs definitely worth considering if you areย fan of trading and you always want to have access to a dependable and very reliable platform.
FX Pro
FX Pro offers support for MT5, MT4 as well as cTrader. The ability to access things like charting tools, fast trade execution and other similar features is what sets everything apart. Moreover, it can be great for experts, while also being very flexible for beginners as well. Another advantage here is the fact that you get low fees and competitive spreads, which will always help provide a more positive and engaging experience every single time. And since you have over 250 trading instruments, the trading process has never been simpler and more convenient.
IG
The IG app is very effective especially for those that are new to trading and want to learn. The capacity of learning, educating yourself and adapting to this process is what sets it all apart. And on top of that, you can also access a demo account. Even if youโre not exactly an expert, you have all the features and things you need in order to take your trading to the next level. Itโs great, it delivers consistent value, while also being very easy to adapt to your requirements. As a whole, thereโs plenty of stuff to enjoy with IG, and the platform is constantly evolving and getting new features.
FBS
FBS is a good option if you want one of the better trading apps in South Africa. A great thing here is that you can access financial markets at any given time. The app they created is very easy to use and adaptable to your needs. And they do provide local and international payment methods. On top of that, they have risk management tools, and those tools are easy to use, but also to set up as well.
Alpari
Alpari is great because it offers access to a ton of different markets, along with the idea of opening a demo account. You can also do social trading, thereโs the ability to have a micro account as well. Experienced traders can go for ECN trading. In addition, you can study the market, manage your funds, but also trade via the mobile app at any given time. Having a diverse selection of tradeable assets helps, and it certainly makes for a better trading experience, while also being very cohesive.
Go Markets
Go Markets does an excellent job at delivering state of the art trading solution that are accessible and great for beginners, but also experts. A great advantage here is the fact that that you donโt have to pay very high fees. The info they offer is great and they also give you access to around 30 indicators that you can use at any given time. Moreover, the real tome execution and pricing is very effective, and the quality as a whole is incredible. Trades are executed fast, and you do get a demo option too!
Conclusion
Finding the best trading apps in South Africa is never too hard, if you know where to look. These apps offer exceptional value, and you can trade without worries. Itโs certainly a great idea to check them out and you will be amazed with both the quality and ease of use. Rest assured that you will be extremely happy with the results and experience, and the best part is that the apps even have educational tools. That means even if youโre new, thereโs great value to be had, and you will not have to worry about any issues or challenges.
