Cheapest Online Trading Platform South Africa List revealed. Online Trading in South Africa is one of the most profitable businesses in South Africa today. Buying shares in South Africa has never been easier for South African investors with some of the cheapest online trading platforms in South Africa. More and more investors are finding the relieve of online trading in South Africa attractive. There’s no doubt that online trading continues to grow in South Africa. With online trading in South Africa, you can access many different markets and shares, and you can manage your own share portfolios and make share transactions in real-time on your PC, or mobile device using the best trading platforms. How do you find the Cheapest Online Trading Platform South Africa? Read the rest of the article to learn about some of these Best Online Trading Platform South Africa.
Online Trading in South Africa
Is online trading legal in South Africa? Online Trading in South Africa is legal as long as you declare your income tax and follow financial laws that prevent money laundering. You can trade online with brokers regulated by the Financial Sector Conduct Authority (FSCA), which aims to protect financial customers by promoting their fair treatment by financial institutions and enhance and support the efficiency and integrity of financial markets.
Some Online Trading Brokers operating in South Africa are regulated by the Australian Securities and Investment Commission (ASIC), the International Financial Services Commission (IFSC) and the Cyprus Securities and Exchange Commission (CySEC).
Online Trading South Africa comes with endless opportunities that can make you become rich if you do it right. As an online trader, you can work from the comfort of your home while doing other activities such as watching TV with your family or cooking.
Online Trading Platforms South Africa
As an investor who invests in shares, forex, equity, debt securities or stock trading South Africa, you need a user-friendly platform to execute real-time share transactions in Online Trading in South Africa. Online trading platforms provide users with features such as news feeds, scanning tools, market data, charts, fundamental research tools, order execution tools and analyst research among others. Some of these online trading platforms also have been automatically designed to carry out transactions after the transaction strategy which they have been built with.
Do you know which one is the best online trading platform? There are thousands of best South African trading platforms online. To use these platforms, all you need to do is to learn and understand how these online trading platforms work. After going through through some of the Cheapest Online Trading Platform South Africa, you will be able to make an informed decision by choosing cheapest online trading platform in South Africa. Most of these transaction platforms have similarities.
8 Cheapest Online Trading Platform South Africa
Below is a list of some of the best Cheapest Online Trading Platform South Africa to consider. Check out our list of the best online trading platforms in South Africa.
Cyber FX Platform is one of the leading Online Forex Trading Platforms. They offer most comprehensive currency pairs, indices, Stocks both JSE and offshore. You can trade more than 40 currency pairs as well as CFDs. You need a minimum deposit of $100 to start trading. Other things you can trade with this platform includes cryptocurrencies, Bitcoin, Litecoin and Ethereum.
IG trading platform is fast, easy to use, reliable, smart and customisable. You can access wide selection of products such as contracts for difference (CFDs) on currency pairs, commodities, financial spread betting, stocks and indices with a minimum deposit of $1. The IG Online trading platform features dealing ticket, news and analysis, IG Live, alerts, signals and customisation. The broker also offers other platforms such as L2 Dealer (a special DMA platform), the web-based ProRealTime, their proprietary IG platform and the standard MetaTrader 4 (MT4) which is one of the most popular online trading platforms in South Africa.
3. Standard Online Share Trading/Stockbroking
Standard Online Share Trading (operated by SBG Securities Proprietary Limited) Online Share Trading Platform makes it easy for investors to trade and invest. Whether you are a novice or an expert, Standard Bank’s Online Share Trading platform allows you to buy and sell shares listed on the JSE (Johannesburg Stock Exchange). This platform is useful whether you want to trade CFDs, warrants, futures contracts, shares or exchange-traded funds. The platform also allows you to trade on local and global financial markets.
FXCM, also known as Forex Capital Markets, is a popular retail broker for trading on the foreign exchange (also known as FX or forex) market. A minimum deposit of $50 is required to open an account with FXCM South Africa. The broker offers online foreign exchange, CFD trading, spread betting, Crypto, Stock Indices, Oil and Gold Trading.
HotForex is an award winning forex and commodities broker. It provides trading services and facilities to both institutional and retail clients. They offer a wide range of instruments such as Spot Metals, Forex, CFDs, indices, commodities, stocks, futures and shares. The minimum deposit required to open a HotForex account is $5.
6. Plus 500
Plus500 platform is an easy to use trading platform with a well-designed mobile platform. It is one of the best trading platforms you can find online. Minimum deposit is $100. Plus500 is a CFD provider and they offer CFD service only.
Risk Warning: “77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.”
7. Forex Time
Forex Time (FXTM) is one of the most popular online trading platforms. With FXTM platform, you can access the foreign exchange market. Use the online software to open, close and manage trade from your mobile device such as iOS and Android devices, as well as desktop. The minimum deposit required is 10USD and you can access over 240 tradeable instruments including cryptocurrencies, CFDs and currency pairs. Forex Time platform supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with mobile, desktop and web versions.
AvaTrade is one of the most popular international brokers. You can access over 200 instruments using the Metatrader 4 (MT4) platform. AvaTrade have authentic sources of information such as , price quotes, and order types that are executed by the company. You can trade CFDs on Forex, Bitcoin, Stock, Litecoin, commodities and indices with a minimum deposit of $100. AvaTrade has always been among the cheapest online trading platforms in South Africa.
Just like Forex Trading, Online Trading in South Africa is legal. It is respected by many successful business people around the world. Online Trading is safe and is one of the most lucrative businesses. Stock Trading is indeed profitable as we’ve seen with some of the successful business moguls in South Africa. Before you start Trading Online, remember to always check the above list of some of the cheapest online trading platform South Africa. Selecting the best platform for transactions is key in Online Trading in South Africa. So always go through a list of the cheapest online trading platforms South Africa.
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