Looking for the best Stock Trading Apps in South Africa? Our team has done the for you and have listed some of the best stock trading apps in South Africa in this article. The purpose of this article is help you easily find the best stockbrokers and the best stock trading software in South Africa.
List of the best Stock Trading Apps in South Africa
- AvaTrade – Offers a Wide Array of Financial Assets including Stocks CFDs, Forex Currency Pairs CFDs, & Commodities CFDs
- eToro – Social Trading App Best for Beginners
- Plus500 – User-Friendly CFD Platform
- CMC Markets – Top Stock Trading App in South Africa
- IG Markets – One of the Best Stock Trading Apps in South Africa
Best Stock Trading Apps 2020
AvaTrade – Offers a Wide Array of Financial Assets including Stocks CFDs, Forex Currency Pairs CFDs, & Commodities CFDs
AvaTrade is one of the best Stock brokers in South Africa. Financial assets you can trade with AvaTrade include stocks, currencies, cryptocurrencies, ETFs, commodities, bonds and more. The broker offers online trading platforms such as MetaTrader4, MetaTrader5, AvaOptions, ZuluTrade and DupliTrade.
eToro – Social Trading App Best for Beginners
eToro is a social trading and multi-asset brokerage company in South Africa. This leading broker offers financial and copy trading services. It has registered offices in Israel, the United States, Australia, the United Kingdom and Cyprus. You can use eToro stock trading app in South Africa to trade and invest in stocks, ETFs, currencies, cryptocurrencies, commodities and indices.
Plus500 – Plus500 is a CFD provider
Plus500 is not a stock trading app, all stocks on the Plus500 platform could be traded only through CFDs. The Plus500 platform is simple and user-friendly, comes with customizable technical analysis charts. You can also set price-based alerts. As one of the CFD brokers in South Africa, stock traders can trade CFDs on underlying financial instruments such as stocks, forex, options, cryptocurrency, commodities and indices.
CMC Markets – Top Stock Trading App in South Africa
There’s no doubt that CMC Markets is one of the Top Stock Trading Apps in SA. CMC Markets is a UK-based company that offers online trading in shares, contracts for difference, forex and spread betting across world markets including South Africa. As a leading global provider, South African investors can trade up to 10 000 instruments, including shares, foreign exchange, commodities and much more.
IG Markets – One of the Best Stock Trading Apps in South Africa
IG Markets is indeed one of the Best Stock Trading Apps in South Africa. IG broker is regulated in South Africa and offers South African traders an extensive list of tradeable products, best research tools, and industry-leading education. This makes IG one of the best stock brokers in South Africa in 2020. You can trade financial assets such as currencies, stocks, commodities and cryptocurrencies.
What is Stock Trading App?
A Stock Trading App, is an application used to buy and sell shares in a particular company. If you own the stock, you own a piece of the company. Stock traders are people who trade equity securities. Many investors in South Africa are now buying and selling shares in different companies with aim to make profit off short-term gains from stock price fluctuations for themselves or for their clients through the use of Stock Trading Apps in South Africa.
Mobile Stock Trading Apps Comparison
The process of placing orders is becoming easier for stock traders in South Africa. Thanks to innovations with order entry functionality. It is now easier to compare Stock Trading Apps through affiliate sites that conduct research day and night to make things easier for you. You can easily find the best trading apps for stocks with a single search on Google. When comparing for Stock Trading Apps in SA, you must check features such as stock alerts, charting, heatmapping and mobile compatibility.
Mobile Stock Trading App Features Comparison
Stock Traders can now take full control over trades in just a few clicks, using a wide selection of helpful features. Different Stock Trading Apps comes with different features, however, some functionality such as charting with multiple indicators, synced watch lists and real-time streaming quotes are now the most common industry standards. According to research, less than 50% of the stock market supports basic stock alerts.
What is the best Stock Trading App for beginners in South Africa?
TD Ameritrade is the best Stock Trading App for beginners. The app offers free trading for stocks and ETFs. TD Ameritrade Stock Trading App offers two smartphone apps: TD Ameritrade Mobile Trader (active traders) and TD Ameritrade Mobile (everyday investors).
The app also comes with a wide range of free education tools, options for passive and active traders and a $0 account minimum.
How to choose the Best Stock Trading App?
Your choice of the best Stock Trading App in South Africa will depend on various factors including the type of stock broker app you use, your personal preference, the type of mobile device you own and whether you are looking for a free stock trading app or a paid app with advanced functionality and features. While most of stock trading apps South Africa are free, there are some paid stock apps with more advanced functions and interesting features.
Whichever trading app you choose, make sure the app enables you to use your current trading account and you can connect to you your stockbroker’s trading platform. Use your current trading account details to login to the mobile stock trading app.
This is not a complete list of the top Stock Trading Apps in South Africa. However, it is a great guide to help you in your search for finding the best trading app that suits your needs. The best approach is to try different trading apps until you find the one that meets your needs.
Risk Warning: “76.4% 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.”
Image Courtesy: insidebitcoins.com