Best Forex Trading Platform For Beginners South Africa

Here are our top recommended trading platforms for beginner traders in South Africa:

  • Pepperstone Pepperstone - Best Forex Broker For Beginner Traders
  • avatrade logo AvaTrade - Top Beginner Web Trading Platform
  • think markets logo ThinkMarkets - Good Beginner Mobile Trading Platform
  • etoro logo eToro - Best Social Trading Platform For Beginners
  • plus500 logo Plus500 - Good Risk Management Forex Platform
  • fxpro logo FxPro - Top cTrader Beginner Forex Broker
  • fxcm logo FXCM - Good MetaTrader 4 Forex Brokers



Pepperstone
AvaTrade
ThinkMarkets
eToro
Plus500
Our Rating
9.33
8.33
7.67
7.17
5.83
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
71% of retail investor accounts lose money when trading CFDs with this provider
75.5% of retail investor accounts lose money when trading CFDs with this provider
68% of retail investor accounts lose money when trading CFDs with this provider.
77% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
AvaTrade
ThinkMarkets
eToro
Plus500
ASIC (Australia)
FSCA (South Africa)
CBI (Ireland)
FSA (Seychelles)

Brokerage

Feature
Pepperstone
AvaTrade
ThinkMarkets
eToro
Plus500
EUR/USD Avg. Raw Spread
0.17
0.3
0.1
-
-
GBP/USD Avg. Raw Spread
0.59
0.4
-
-
-
AUD/USD Avg. Raw Spread
0.24
0.5
-
-
-
EUR/USD Standard Spread
0.75
0.90
-
3.00
-
EUR/USD Fixed Spreads
-
0.90
-
-
-
Commissions (USD Base)
$3.50
-
$3.50
-
-
Minimum Deposit
$0
$100
$0
$200
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
7+
6+
11+
3+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
AvaTrade
ThinkMarkets
eToro
Plus500
Currency Pairs
62+
55+
46+
49+
71+
Cryptocurrency CFDs*
12+
15+
21+
46+
15+
Index CFDs
14+
33+
21+
13+
67+
Share CFDs
300+
625+
1200+
2000+
1816+
Commodities CFD
9+
30+
15+
33+
22+
Stockbroking
-
-
2000+
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
400:1
500:1
400:1
300:1
Retail Max. Leverage (South Africa)
-
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
Pro. Max. Leverage (South Africa)
-
400:1
500:1
-
-
Retail Max. Leverage (With offshore regulators)
200:1
400:1
500:1
400:1
300:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
AvaTrade
ThinkMarkets
eToro
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
Choice of social trading tools
STP Order Execution
CopyTrader functionality
for automated trading
Trade cannabis index

Overall