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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in South Africa

Best South Africa trading platforms
Best South Africa Brokers 2021

This guide to the top brokers in South Africa has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the latest information about finding a reputable online broker in South Africa.

If you're a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You will get adept skills at all the concepts of broker as you keep trading. For starters, you need to choose the right agent in South Africa who will be transparent with you constantly.

In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program is key to your success.

We currently have 20 Brokers in our database that we believe are the Best Trading Patforms in South Africa

Who’s The Best South Africa Online Brokers?

This review has been collated to help you find a professional South Africa broker. When looking for a great, reliable broker in South Africa it can be very confusing.  Below we detail what your broker options are in South Africa and what South Africa online trading platforms can offer you.

We currently have 20 Trading Patforms in our database that we think are the Professional Trading Patforms in South Africa

Wilsons Advisory And StockbrokingVanguard InvestmentsCIM BanqueHantec MarketsBCS ForexAdvanced Global MarketsCapital IndexIronFXHargreaves LansdownForexTBAbshire SmithZacks TradeXTBEtradeWindsor BrokersBettermentBNP ParibasCorner TraderSpreadCoCore Spreads
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Rating4/54/54/54/54/54/54/54/54/54/52/54/54/54/54/54/54/54/54/54/5
Minimum Deposit$100$0$100$1000$100$500$250$500$200$250$500$2500$0$100$100$0$100$250$100$1
Year Founded20082008199519902016199220042010198120151997200820022012200520082004187920052014
HeadquartersAustraliaUnited StatesGenevaUK, Hong KongCyprusCyprusCyprusCyprusUKCyprusUnited kingdomUnited StatesPolandUnited StatesCyprusUSAUKSwitzerlandLondonLondon
Regulated ByUnregulatedOffice of the Comptroller of the CurrencyFinancial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), FCA FRN 709693Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15Financial Conduct Authority (FCA)UnregulatedFinancial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru FinansowegoSecurities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Cyprus Securities and Exchange Commission (CySEC)UnregulatedFinancial Conduct Authority (FCA)UnregulatedFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA)
Clients10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+5,000+10,000+10,000+250,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investorYour capital is at riskYour capital is at risk79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Your capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed deposits
Withdrawal FeesvariablevariablevariableNovariable$31variablevariableYesvariablevariablevariablevariable$20variablevariablevariable$25variableNo
Inactivity FeesYesNoYesNoNoNoNoNo
Deposit Fees100010010001005002505002002505002500010010001002501001
CFD FeesNoNoYes (0.1%)YesYesNoNo$1.50/lot/leg
Accepts Credit CardsYes
Accepts PayPalYes
Accepts SkrillYes
Accepts PayoneerYes
Accepts NetellerYes

Online Stock Trading In South Africa

Trading investments in South Africa is highly regulated and considered quite secure. But, conscious that any investment may go down as well as up, so your capital is at risk.

If you're just starting out with online trading then it's advised to have a demo account with a controlled broker so you are able to find out the strategies without the danger of losing cash.

Live Forex Trading In South Africa

Forex is the greatest liquid financial market in the world using a daily monetary exchange turnover of over $5 trillion (BIS statistics April 2016).

Forex (Abbreviation of Foreign Exchange) is a currency exchange involving two different nations and the next management of the consequent position in which one currency gains and the other loses.

It's easy to do Live Forex Trading in South Africa using professional online trading platforms

Live CFD Trading In South Africa

CFD trading is the selling and buying of contracts for difference via an online trading platform in South Africa. When you trade CFDs you are agreeing 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 FP Markets. It is a simple bet as to whether the price will go up or down.  Normally, the South Africa online trading platforms 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 plus500 or 101Investing 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 brokers are highly regulated, experienced and customer centric. 

However, it is always important to be as informed as possible so here we detail some of the important things a trader should know:

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

The online trading solutions used by brokers in South Africa are well tested and highly rated & secure.

Whichever Online Trading Platforms in South Africa you decide to use, make sure they have all of the below:

  • Easy to use platform
  • Access to a risk management tool
  • Good or fast execution speed
  • High quality charts
  • Able to perform social trading
  • Timely online help or support

Challenges Of Using Online Trading Platforms in South Africa

The US Dollar is considered the base currency around the world so even a slight change in the US economic markets could affect the economic markets in South Africa. The EU is also a large economy and changes there could affect the economic markets in South Africa.

Like many countries there are challenges in South Africa financial markets and overall the outlook is good. However, like in all global financial markets we recommend that any Online Trading Platforms in South Africa you decide to use, make sure you do your due diligence first before risking your money. We have collected hundreds 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 experienced broker that matches your needs.

Frequently Asked Questions About Trading Forex In South Africa

Is Forex Trading Legal In South Africa?

There's a growing misconception that trading Forex in South Africa is considered unsafe. This isn't the situation, Forex trading in South Africa is quite active, regulated and safe.

Trading in Forex is permitted in South Africa as for any business to trade internationally, foreign currency has to be exchanged. Whenever you buy something and it's shipped from overseas, there'll be numerous currency exchanges by multiple businesses to get that item to you.

The main thing is that if trading Forex in South Africa you pick one of the best online brokers.

Do Forex Traders Pay Tax In South Africa?

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

Tax returns should always be registered even if there is a loss. You should seek advice with a registered accountant in South Africa to make certain you are abiding with current regional laws as it is extremely determined by your personal circumstances.

Can You Trade Cryptocurrencies In South Africa?

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

Cryptocurrencies are more popular with the younger generations as well as growing income levels and technologies adoption, trading cryptocurrency in South Africa is rising day by day. It is still modest in comparison 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 products like agricultural are seeing exponential growth inSouth Africa.

Fast growing economies like India have a significant need for many basic raw materials because of their inhabitants. This means that states like South Africa can benefit from the circumstance.