top 10 best trading apps in south africa 2023

Top 10 Best Trading Apps In South Africa 2023

South Africans are developing an interest in trading shares in the financial markets. They want to save and make more money in South Africa. There is an increased demand for trading apps in 2023. In this article, we will talk about the top 10 best trading apps in South Africa.

1. Exness

Exness is one of the top trading platforms in South Africa in 2023. This has over 145,000 traders. It is also an FSCA (Financial Sector Conduct Authority) regulated financial service provider. This is suitable for beginners who want to learn to trade because it allows minimum deposits of $1.

2. Interactive Brokers

Interactive Brokers is one of the best electronic trading platforms in South Africa. It is suitable for traders, investors and advisors. It is available in 33 countries and has clients from over 220 nations, including South Africa.

3. AvaTrade

AvaTrade is perfect for investments across cryptos, stocks, forex, indices, commodities and ETFs. South African traders have access to a wide range of trading tools on this platform. It is an award-winning platform for stocks and cryptos.

4. Khwezi Trade

Khwezi Trade is a South African Forex broker. It has a wide range of options for beginners and advanced traders. It is regulated by the FSCA. It has two commission-free accounts, a ZAR account with a 500 ZAR minimum deposit for South African users and a USD Account with a 50 USD minimum deposit.

5. XM

XM app is a user-friendly app. It has over five million customers in over 190 countries. Beginners or new traders will receive a $30 trading bonus on signing up. The app also provides real-time interactive market charts.

6. IC Markets

IC Markets is a capital market company. It is based in Australia but has various branches across different countries. It has an average order execution speed below 40ms. The commission of the app is $3.5. It accepts clients from South Africa.

7. IG

IG is an award-winning trading app. It is regulated in the EU (European Union), UK (United Kingdom), US (United States), and South Africa. You can invest in shares, cryptocurrencies, options and commodities.

8. FBS

FBS is regulated in Cyprus, Belize, and South Africa. It is available on Android and iOS devices. It also offers real-time charts and technical analysis of market trends. It is also regulated by the International Financial Services Commission (IFSC).

9. Absa

Absa Group Limited also provides one of the best South African trading platforms. Traders can access 30,000 shares and ETFs. Traders can pick stocks and ETFs on the Johannesburg Stock Exchange. 

10. Tickmill

Tickmill is one of the best trading platforms in South Africa. Traders can access stocks, forex, cryptos, metals and bonds. Beginners can also learn with a demo account. Maximum leverage of 1:500 is available on Tickmill. 

This is the list of the top 10 best trading apps in South Africa.

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