South African investors can now buy shares in a matter of minutes via a regulated online broker.
Some stock brokers offer low fees and a user-friendly interface, while others have advanced technical and research materials.
eToro
If you are considering buying stocks in South Africa, eToro is worth considering. This broker offers more than 2,500 international shares from more than a dozen stock exchanges. This includes shares located in the US, Canada, the UK, Hong Kong, and more. The minimum deposit for South African traders is just $50 and supported payment methods are inclusive of e-wallets, debit credit cards, and bank transfers.
Capital.com
Capital.com is a CFD trading platform. This means that users will not be able to buy shares in South Africa in the traditional sense. Instead, when trading CFDs at Capital.com, the user will simply be speculating on whether they believe the share price will increase or decrease in the short term. The platform support fractional share trading and when depositing funds via a credit card or e-wallet, the minimum amounts to just $20. When transferring funds via a bank transfer, $250 is required.
Absa
Absa is a South African-based bank and financial institution that offers share trading services to retail client investors. This option might be worth considering for those that wish to invest in the domestic stock exchange.
EasyEquities
EasyEquities is a South African-based share trading platform that offers accounts to retail clients. EasyEquities charges 64 cents for every 100 rands invested for trading fees. EasyEquities also does not require a minimum stock trading amount.
