Best Trading Platforms South Africa for 2022
There are a variety of trading platforms available for South African traders, including some international platforms and others that cater specifically to the South African market.
When it comes to rating the best trading platforms South Africa, there are a few factors that we are considering. Whilst the platforms we have chosen may not be suited to every trader, you can be sure that they are trusted, reliable, and regulated to operate as a trading platform in South Africa. After the security aspect is considered, a lot of the other data points we are looking at can be said to be a little more opinion based.
These include the user interface, trading fees, number of assets available for trading, and customer support offered by the platform.
It is important to note that traders will have different needs and preferences when it comes to trading platforms. Some may prioritize low fees over a sleek user interface, or vice versa. Therefore, we recommend considering these factors alongside your own trading style and goals before making a decision on which trading platform is best for you.
Types of trading platforms South Africa
In South Africa, there are various trading platforms that investors can use to buy and sell securities. These include online trading platforms, mobile trading apps, and traditional brokerage firms.
Online trading platforms in South Africa have been booming, particularly so in the past few years when the number of operators has continued to swell. Most online CFD trading platforms in South Africa allow for fractional trading, making it easier for individuals with limited funds to invest and diversify their portfolios across multiple asset classes.
Mobile trading apps in South Africa have also become increasingly popular, with those who prefer to trade on the go increasing along with the sophistication of the apps themselves, and the more widespread availability of higher speed internet access. Related: trading apps for beginners.
In addition to these more modern trading platforms, there are also numerous traditional brokerage firms in South Africa that operate out of banks.
The method you choose to access the market will largely depend on your personal preferences, and we will do our best to ensure the best trading platforms in South Africa are all listed in an easy-to-compare way.
