If you intend to purchase and sell stocks in South Africa, you must first locate a trustworthy stock app. The purpose of these apps is to facilitate and simplify the procedure of buying and selling stocks. It will also guarantee that you may escape a losing position regardless of your location.
But, with the huge spectrum of trading apps, how would you select the most appropriate?
This list looks at the top stock applications in South Africa. In addition to analysing the top companies of 2022, we also provide some helpful recommendations on what to check for when selecting a stock app for yourself.
Many conventional trading sites often include trading applications. As a result, while selecting a stock app, you must evaluate a number of criteria, including fees, marketable stocks, payment methods, research, and licensing. We’ve compiled a list of the best trading apps in South Africa to simplify trading for you. Let’s look at those trading apps.
Libertex – a renowned name in the stock trading industry, is a worldwide CFD broker with over 20 years of expertise in trading. Libertex is no doubt one of the most respected stock trading firms in South Africa, with operations in Cyprus and other countries. Because of its thoughtful approach to trading, the company has accumulated more than 2.2 million users worldwide. Libertex provides approximately 250 main financial products, such as forex currency pairings, altcoins, equities, bonds, and stocks.
Libertex supports MetaTrader 4 and 5, allowing users to effortlessly enter into the app with their login details and begin trading. Did you notice Libertex is also regarded as the top ETF app in South Africa?
The wonderful thing about Libertex is that you can begin trading with as low as €10. It also offers a broad range of payment options, including credit/debit cards, Skrill, PayPal, bank transfers, etc. When you use Libertex, there are no deposit fees, which means you may greatly enhance your spending power. However, withdrawal costs vary greatly depending on your selected payment method, with bank wire transfers costing €1 and Skrill payments being free. Libertex provides consumers with leverage up to 1:500 to improve possible profits on investment, contributing to its popularity.
2. Vantage FX
Vantage FX is a leading CFD platform that provides trading on numerous stocks from the United States, United Kingdom, European Union, and Australia. The platform distinguishes itself with its high leverage solutions. Individual US shares may be traded on a 20:1 margin, making it simple to put large wagers on the market with a tiny trading account.
Vantage takes a minimum investment of $200, so getting started with this broker might be costly. Furthermore, the company costs a $6 fee for every trade. The best part is that when trading equities with Vantage FX, there is no additional spread.
This company has its own proprietary iOS and Android mobile app. It’s really robust, with full-screen graphics, 10 distinct periods, and a slew of prominent technical indicators. We also like how the app includes current market trends so you can remain up to date on the market from wherever.
Vantage FX connects with the MT4 and MT 5 mobile applications for even more analytical capabilities on your smartphone. Vantage FX is regulated in the United Kingdom and Australia, and all clients get negative balance protection. If you ever need assistance with your account, there is 24/5 live chat option available directly inside the mobile app.
Plus500 is another excellent stock market programme that is suitable for trading stocks, and CFDs. It might be surprising for you that Plus500 offers trading of more than 1500 stock CFDs. This includes firms listed on the Johannesburg Stock Exchange as well as other marketplaces.
You will also be able to trade key equities listed in the United States, the United Kingdom, Japan, Hong Kong, and Germany. Every stock CFD available at Plus500 may be purchased commission-free. Plus500’s spreads are frequently quite competitive, particularly on large stock CFDs.
Plus500 provides stocks, forex trading, interest rates, and more in addition to stock CFDs.
Both Android users and iOS users can utilize this trading platform. The best part of this trading app is that it provides free trading but you must create an account to utilise it. At Plus500, this takes only a few minutes. You will be permitted to trade with leverage of up to 1:30 once you have created your account. You may finance your account with any of your debit or credit card, a conventional bank account, or an e-wallet. The site requires at least an investment of £100, which is approximately 1,500 rands. It imposes no charges for deposits or withdrawals.
Despite its huge prominence, FXCM is particularly prevalent among South African traders. The FSCA regulates the broker, this is why this trading platform is worth using. This guarantees that South Africans may trade equities in a safe and secure environment. FXCM provides numerous possibilities for trading on mobile devices.
The proprietary TradingStation platform, which is accessible online or via a mobile app, is at the vanguard of this. We appreciate that FXCM also provides third-party trading applications. Among these are MT4, NinjaTrader, and ZuluTrade. Simply install the app and sign in using your FXCM credentials.
After you’ve downloaded and installed your preferred app, you’ll get entry to a multitude of technical indicators and chart analysis tools. It’s all been optimised for a smaller device, which is essential when trading while on the go. In addition, you may trade indices, FX, digital currencies, and others. All financial products, including stocks, can be exchanged without paying a fee. FXCM’s spreads are likewise quite competitive in our opinion. Leverage options are also accessible on the platform, which is as high as 1:400. This implies that with a $200 account balance, you may initiate positions for $80,000.
Minimum investments begin at $50, making them perfect for low-stakes trading.
Tickmill is licenced by FCA which provides access to an extensive range of trading assets such as forex, indexes, commodities, and cryptocurrencies through a collaboration with MetaTrader, one of the world’s biggest third-party brokerage firms.
This service provider supports both MetaTrader 4 and MetaTrader 5. Because of their extensive charting capabilities, user-friendly and simple design, adjustable layouts, and mobile accessibility, these are two formidable trading interfaces utilised by both novices and pros.
Both Meta Trader software is available for Android and iOS smartphones and are simple to install. For example, MT5 has 38 distinct technical indicators, signal and copy trading tools, and a financial calendar.
Tickmill provides three types of accounts for trading forex and CFDs. The Classic Account costs no commissions on each transaction and spreads begin at 1.6 pips for EUR/USD. Furthermore, the minimum investment required to start an account is GBP 100. Users have the choice to make deposits with a credit or debit card, a bank transfer, or Skrill, and there is no transaction fee with this service.
Stock trading applications are becoming extremely prevalent among South Africans who want to take their financial plans to the next level. This is due to the fact that they enable you to enter or leave a position with the click of a button regardless of where you are. You will also get access to news updates and price alerts.
Choosing a stock trading programme that matches your demands is the most challenging aspect. According to our exhaustive investigation of the finest stock applications in South Africa, Libertex checks the majority of the criteria. You will be able to purchase or trade over 3,000 equities from seventeen worldwide marketplaces, all without paying a fee. You will also profit from a high regulatory position and a plethora of payment ways that are offered.