What Is The Best Trading Platform In South Africa?
Once you’ve decided you want to trade, you need to choose a trading platform that will give you peace of mind. Not only that, but you also need an assurance that your investment is safe even if your broker becomes insolvent.
A brokerage is an entity you’ll entrust with the responsibility of safeguarding your account and conducting the related investment deals. For this reason, you’ll need a platform that has all the tools to make your life easier. If you are new to stock trading, you’ll need the best and the cheapest online trading platform South Africa to help you grow.
Below are the best trading platforms in South Africa include:
Plus500 serves stock traders worldwide, and it’s very popular because it provides investors with a large range of CFD trading opportunities. The greatest advantage of Plus500 is that the platform features the most-popular markets in the world.
Plus500 offers over 2,000 financial CFD’s including Forex, shares, cryptocurrencies, commodities, options and indices, ETFs, aboard forward-looking trading technology. Once you sign up here, you get free quotes in real-time plus 24/7 customer support. The platform has both a web interface and a mobile app, meaning you can trade on the go and on any device, be it a smartphone, a tablet, a laptop, or a PC.
Being that it’s regulated by renowned financial authorities, Plus500 we see it as one of the best online trading platforms. That said, the platform is also friendly to beginners, thanks to its low trading fees. Many traders like Plus500 because the account opening process is easy and fully digitized.
Markets.com is a trading platform that can serve both novel and pro traders. Here, you’ll find over 2,200 instruments to trade on. The broker has formed a partnership with 3rd parties to provide users with in-built research and educational tools that help users with decision-making. You’ll find insider transaction listings, activities on hedge funds for stocks, and buy/sell recommendations from the trading and analysts community.
This platform is highly regulated, giving it space among the best platforms to buy shares and trade CFD’s. Research and educational content integrated into the platform is amazing. It comprises on-demand videos, beginners-to-pro tutorials, and a suite of key research products. If you have a professional account at Markets.com, you’ll enjoy better leverage, actual share buying, and the option for leveraged forex and CFD trading.
3. IG markets
IG Markets is the world’s leading CFD provider. It is a great platform for both new traders and skilled traders. If you are new to trading, you’ll enjoy their comprehensive educational tool plus a demo account loaded with $20,000 virtual funds that you can use for your practice. You’ll also benefit from a free account manager for your first three months. Before you start live trading, you’ll learn how to trade, get analysis and ideas, and find out how you can manage risks.
If you are an experienced trader, you will have access to a team of experts you can interact with any time you feel like, you’ll also enjoy fast execution and tight spreads.
IG Markets provides investors access to over 17,000 global markets. With its reliable and fast execution, you can trade seamlessly, no matter where you are. It has a customizable user-friendly interface, which makes it to be one of the top Forex brokers in South Africa.
4. Blackstone Futures
Blackstone futures has been hailed to be one of the best online trading platforms for beginners. The broker uses an in-house CloudTrade platform as well as the popular MT4 platform. CloudTrade is user-friendly, reliable, and relatively fast. You can also download the Blackstone futures App available on both their Apple and Android devices. MT4 is among the top trading platforms because it is the most reliable and trusted. It features updated news, Expert Advisors, and tons of indicators.
Being that Blackstone Futures is an automated trading platform, you can automate your trading then relax as you watch your investment grow. There are two types of accounts offers here: ZAR and USD. The only difference between these two accounts is the currency – all other conditions are the same.