If you are looking for the best trading app in South Africa, you might be overwhelmed by the number of options available. Trading apps allow you to buy and sell various financial instruments, such as stocks, forex, cryptocurrencies, commodities, and more, from your smartphone or tablet. But how do you choose the best trading app for your needs and preferences?
In this blog post, we will compare some of the most popular and reputable trading apps in South Africa based on their features, fees, regulations, and user reviews. We will also provide you with relevant links to their websites where you can learn more and sign up for an account.
Here are the top 5 trading apps in South Africa that we recommend:
1. AvaTrade – Best trading app for MT4 & MT5
AvaTrade is a global online broker that offers CFDs on stocks, forex, cryptocurrencies, indices, commodities, options, and ETFs. It is regulated by multiple authorities, including the FSCA in South Africa (FSP No. 45984). AvaTrade supports both MT4 and MT5 platforms, which are widely used by traders for their advanced features and tools. You can also use AvaTrade’s own app, AvaTradeGo, which has a user-friendly interface and a range of features such as market trends, social trading, risk management, and more. AvaTrade has competitive spreads and commissions, as well as a variety of payment methods and customer support options.
To learn more about AvaTrade and sign up for an account, visit their website here.
2. Libertex – Low-cost CFD stock market app with ZERO spreads
Libertex is a CFD broker that allows you to trade stocks, forex, cryptocurrencies, indices, commodities, and more with zero spreads. This means that you only pay a fixed commission per trade, which can save you money in the long run. Libertex is regulated by CySEC in Cyprus and has over 20 years of experience in the industry. Libertex has its own app that is easy to use and has various features such as news, analysis, signals, alerts, and more. You can also access Libertex through MT4 or MT5 platforms if you prefer. Libertex has a low minimum deposit of $10 and supports multiple payment methods and currencies.
To learn more about Libertex and sign up for an account, visit their website here.
3. Plus500 – One of the best CFD apps for low-cost trades
Plus500 is another CFD broker that offers a wide range of financial instruments to trade on your mobile device. Plus500 is regulated by several authorities, including the FSCA in South Africa (FSP No. 47546). Plus500 has its own app that is simple and intuitive to use and has various features such as charts, indicators, risk management tools, alerts, and more. Plus500 has low spreads and no commissions on trades, as well as a free demo account to practice with. Plus500 has a minimum deposit of $100 and supports multiple payment methods and currencies.
To learn more about Plus500 and sign up for an account, visit their website here.
4. IG – Best trading app for creating a diversified portfolio
IG is one of the largest and most reputable online brokers in the world that offers access to over 17,000 markets across stocks, forex, cryptocurrencies,
indices, commodities, bonds, options, futures, and more. IG is regulated by multiple authorities,
including the FSCA in South Africa (FSP No. 41393). IG has its own app that is highly rated by users for its functionality and design. You can also use IG through MT4 or ProRealTime platforms if you want more advanced features and tools. IG has competitive spreads and commissions,
as well as a range of educational resources and customer support options.
To learn more about IG and sign up for an account,
visit their website here.
