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

The best South Africa brokers
The Best South Africa Brokers 2021

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

This guide contains the latest information about finding a reputable trading patforms in South Africa.

If you're a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will get proficient skills at all the concepts of brokerage as you continue trading. For starters, you need to select the ideal agent in South Africa who will be transparent with you always.

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

We currently have 17 Brokers from our research that we believe are the Professional Online Brokers in South Africa

Finding The Professional South Africa Trading Patforms?

This review has been collated to help you find a professional South Africa broker. When searching for a good, professional broker in South Africa it can be a little confusing.  Below we detail what your trading options are in South Africa and what South Africa brokers can do for you.

A free trial of a minimum of 3 days is a good way to evaluate the capabilities and professionalism 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 test the software and see how easy it is. A reuptable broker in South Africa should make it as easy as possible for you. They shouldn't have to do extensive research nor set up multiple accounts before they let you start trialling their tools.

We currently have 17 Trading Patforms that we think are the Professional Brokers in South Africa

Direct FXHirose Financialforex4youWestpacEverFXBitfinexAdmiral MarketsBlitzbrokersBrightwin Securities And FinancetradeoPersonal CapitalDegiroIngot BrokersIronFXXM.comWilsons Advisory And Stockbrokingtrio markets
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Rating2.63/54.56/53.25/56.08/54.11/55.71/57.10/54.36/51.21/56.25/54.23/54.53/54.33/54.48/57.18/52.28/54.60/5
Minimum Deposit$1$1$250$50$10000$100$200$1$250$250$100000$0$1000$500$5$100$250
Year Founded20062004202020082008201520011982201020112008193420042010200920082015
HeadquartersNew ZealandUKUKAustrailiaCayman IslandsNew ZealandUKHong KongNew ZealandRussiaUSANetherlandsAustraliaCyprusCyprusAustraliaAustralia
Regulated ByUnregulatedFinancial Conduct Authority (FCA)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-F227Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)Cayman Islands Monetary Authority (CIMA)Financial Services Provider (FSP)Financial Conduct Authority (FCA) registration number 595450, Cyprus Securities and Exchange Commission (CySEC) - license number 201/13, Australian Financial Services Licence (AFSL) no. 410681, Jordan Securities Commission (JSC) registration number 57026Securities and Futures Commission (SFC)UnregulatedFinancial 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-F326UnregulatedFinancial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)UnregulatedFinancial 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-F330
Clients10,000+10,000+142,500+10,000+10,000+10,000+10,000+10,000+10,000+250,000+10,000+600,000+10,000+10,000+3,500,000+10,000+10,000+
Risk WarningLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskTrading Forex or CFDs on margin carries a high level of risk and may not be suitable for all investors.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at risk77.29% of retail investor accounts lose money when trading CFDs with this provider.Your capital is at riskYour capital is at risk
Withdrawal FeesNoYesNoNoNoYesNoNoYesYesNoNoNoNoNoYesYes
Inactivity FeesNoNoYesNoNoNoNoNoNoNoNoNoYesNoYesYesNo
Deposit Fees1125050100001002001250250100000010005005100250
CFD FeesYesYesYesNoYesNoYesNoNoYesNoYesYesYesNoYesYes
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalNoNoYesNoNoNoNoNoNoYesNoNoNoNoNoNoYes
Accepts SkrillNoNoYesNoNoNoYesNoNoYesNoNoNoNoNoNoYes
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesYesYesNoYesYes
Accepts NetellerNoNoYesNoNoNoYesNoNoYesNoNoNoNoYesNoYes

Online Stock Trading In South Africa

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

If you are just starting out with online trading then it's suggested to get a demo account with a regulated broker so you can learn the systems without the danger of losing cash.

Live Forex Trading In South Africa

Forex is the biggest liquid financial market in the world with a daily financial market turnover of over $5 trillion (BIS data April 2016).

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

It is easy to do Live Forex Trading in South Africa with professional online brokers

Live CFD Trading In South Africa

CFD trading is the buying and selling of contracts for difference via an online provider 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 experienced online brokers like plus500 or 101Investing. It is a simple bet as to whether the price will go up or down.  Usually, 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 advisable to start with a demo account with either eToro or 101Investing so that you can practice with fake currency before risking your own capital.

Trading Forex 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, professional 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 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 thoroughly 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 instant execution speed
  • Better quality charts
  • Capable of doing social trading
  • Timely online help or support

Challenges Of Trading in South Africa

The US Dollar is considered the base currency around the world so even a little change in the US financial markets may 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 every country there are opportunities in South Africa economic markets and overall the outlook is good. However, like in all global economic markets we recommend that any Online Trading Solutions in South Africa you decide to use, make sure you do your homework first before risking any real 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 experienced 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 isn't the case, Forex Currency trading in South Africa is very active, regulated and safe.

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

The important issue is that if trading Forex in South Africa you select one of the best online brokers.

Do Forex Traders Pay Tax In South Africa?

Once a dealer is successful and their profits reach a particular level then they may be taxed in South Africa as per the standard 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 ensure you're abiding by all present regional laws since it's extremely determined by your personal circumstances.

Can You Trade Cryptocurrencies In South Africa?

Cryptocurrency markets in South Africa are quite new. As Cryptocurrencies operate on decentralised resources in South Africa matters like interest rate fluctuations and political instability do not impact them as much as the money markets.

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

Can You Trade Commodities In South Africa?

Commodity trading in South Africa involves trading in matters like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inSouth Africa.

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