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2022 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in South Africa

The best South Africa trading platforms
Top South Africa Brokers 2022

This guide to the best trading platforms in South Africa has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the latest information about finding the best trading patforms in South Africa.

If you are a new entrant into the realm of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You will acquire proficient skills at all the concepts of broker as you keep trading. For starters, you have to select the top agent in South Africa who'll be clear with you constantly.

Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan is key to your success.

We currently have 16 Online Brokers from our research that we believe are the Professional Brokers in South Africa

Who Are The Professional South Africa Online Brokers?

This guide has been designed to help you find a professional South Africa broker. When looking for a good, reliable broker in South Africa it can be quite confusing.  Below we show what your trading options are in South Africa and what South Africa brokers can provide you.

A free trial for at least three weeks is the best way to understand the capabilities and reliability of any South Africa trading broker firm. Before making any final decisions, you have to be able test the broker's platform and software in real-time but with minimal risk. A demo account allows you to experiment with the software and see how comfortable you are with its tools. A professional broker in South Africa should make it as simple as possible for any trader. They shouldn't have to do a lot research nor set up multiple accounts before they let you start investing.

We currently have 16 Online Brokers from our research that we think are the Top Online Brokers in South Africa

forexitestockpilefx nextCity Of InvestmentageaWestpachantec fxEtradelightspeedtrio marketsZerodhaValutradesVTB 24 BankGrand CapitalBittrexAscot Securities
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Rating5.15/56.25/55.90/53.93/56.25/56.08/54.60/54.51/56.80/54.60/54.58/53.01/52.86/57.45/55.81/54.23/5
Minimum Deposit$250$250$250$3000$250$50$250$100$250$250$0$0$100$250$100$25
Year Founded2010202120182009201420082021201220142015201020082008201920101996
HeadquartersSwitzerlandUnited StatesDubaiUnited KingdomCyprusAustrailiaRussiaUnited StatesUSAAustraliaIndiaUKRussiaRussiaSouth KoreaEstonia
Regulated ByFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F312Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F237Financial Markets Authority (FMA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F221Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F252Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F269Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F330Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeUnregulatedUnregulatedNFA, NFA ID: 0540363Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Cyprus Securities and Exchange Commission (CySEC)
Clients10,000+10,000+10,000+10,000+250,000+10,000+10,000+10,000+142,500+10,000+1,500,000+10,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskBefore starting to trade on currency exchange markets, please make sure that you understand the risks connected with leverage trading and that you have a sufficient level of training.Your capital is at riskYour capital is at risk
Withdrawal FeesYesNoYesYesNoNoYesNoYesYesNoNoNoNoNoYes
Inactivity FeesYesYesYesYesNoNoNoNoYesNoNoNoNoNoNoYes
Deposit Fees2502502503000250502501002502500010025010025
CFD FeesNoNoYesYesYesNoYesNoNoYesYesYesNoNoNoYes
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesNoYesYesYesYesYes
Accepts PayPalYesYesYesNoYesNoYesNoYesYesNoNoNoYesNoNo
Accepts SkrillYesYesYesNoYesNoYesNoYesYesNoNoNoYesNoNo
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesNoYesYesYesYesYes
Accepts NetellerYesYesYesNoYesNoYesNoYesYesNoNoNoYesNoNo

Online Stock Trading In South Africa

Trading investments in South Africa is highly regulated and considered very secure. But, be aware that any investment can go down as well as up, so your capital is in danger.

If you're just starting out using online trading then it is advised to get a demo account first with a regulated agent so you are able to learn the systems without the risk of losing money.

Live Forex Trading In South Africa

Forex is the biggest liquid financial market in the world with a daily monetary market turnover of more than $5 trillion (BIS statistics April 2016).

Forex (short for Foreign Exchange) is a money exchange between two different countries and the following management of the consequent position where one currency gains and the other loses.

It's simple to do Live Forex Trading in South Africa using seasoned online trading platforms

Live CFD Trading In South Africa

CFD trading is the buying and selling of contracts for difference via an online trading partner in South Africa. When you trade CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In South Africa

Spread Betting in South Africa is possible using trusted online brokers like XM or 101Investing. It is a simple bet as to whether the price will go up or down.  Normally, the South Africa online brokers will show the prices you have.

If you are looking at how to do spread betting in South Africa then it is an idea to start with a demo account with either eToro or IC Markets so that you can practice with monopoly currency before risking your own capital.

Trading Shares in South Africa

Internationally, South Africa is considered safe to do online trading and has access to other global financial centers. In South Africa, online trading platforms are highly regulated, experienced and supportive. 

However, it is always important to be as informed as possible so below are some of the most important things any trader should know:

The financial markets in South Africa are mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in South Africa.

The online platforms used by brokers in South Africa are extensively tested and highly rated & secure.

Whichever Online Trading Solutions in South Africa you decide to use, ensure they have all of the following:

  • User friendly platform
  • Availability of a risk management tool
  • Good or fast execution speed
  • High quality charts
  • Capable of doing social trading
  • Fast online help or support

Challenges Of Trading Online in South Africa

The US Dollar is considered the base currency globally so even a little change in the US financial markets could affect the economic markets in South Africa. The EU is also a large economy and changes there can affect the financial markets in South Africa.

Like many countries there are challenges in South Africa financial markets and overall the outlook is great. However, like in all global financial markets we recommend that any Online Trading Brokers in South Africa you decide to use, make sure you do your homework first before risking your money. We have collated thousands of datapoints and written this guide to help you find the Best Trading Platforms in South Africa.  We hope that by reading this guide you will find a professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In South Africa

Is Forex Trading Legal In South Africa?

There is a growing misconception that trading Forex in South Africa is considered unsafe. This is not the situation, Forex Currency trading in South Africa is quite active, safe and regulated.

Trading in Forex is permitted in South Africa as for any company to trade globally, foreign currency must be exchanged. Whenever you purchase something and it's shipped from abroad, there'll be numerous currency exchanges by multiple companies to get that thing to you.

The main thing is that when trading Forex in South Africa you select one of the top online agents.

Do Forex Traders Pay Tax In South Africa?

After a dealer is successful and their gains achieve a particular level then they may be taxed in South Africa as per the typical taxation rules.

Tax returns must always be registered even if there is a reduction. You should seek advice with a registered accountant in South Africa to ensure you are abiding by all current local laws since it is very dependent on your personal conditions.

Can You Trade Cryptocurrencies In South Africa?

Cryptocurrency markets in South Africa are quite new. As Cryptocurrencies work on decentralised assets in South Africa things like interest rate fluctuations and political instability don't impact them as far as the fiat markets.

Cryptocurrencies are more popular with the centuries as well as increasing income amounts and technologies adoption, trading cryptocurrency in South Africa is rising day by day. It is still small compared to the Forex markets but about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In South Africa?

Commodities trading in South Africa involves trading in things like precious metals, energies and agricultural commodities.

Some commodities like agricultural are seeing exponential growth inSouth Africa.

Fast growing economies like India have a significant need for many basic raw materials for their population. It follows that countries like South Africa can benefit from this situation.