Best Forex Trading Platform For Beginners South Africa

Here are our top 8 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

  • thinkmarkets logo

    ThinkMarkets – Good Beginner Mobile Trading Platform

  • eToro UK

    eToro – Best Social Trading Platform For Beginners

  • Plus500 UK

    Plus500 – Good Risk Management Forex Platform

  • FxPro UK

    FxPro – Top cTrader Beginner Forex Broker

  • FXCM UK

    FXCM – Good MetaTrader 4 Forex Brokers

  • Markets.com UK

    Markets.com – Best Platform Trading Tools




Pepperstone
ThinkMarkets
FxPro
Plus500
AvaTrade
Our Rating
9.17
7.67
7.46
5.83
5
Active Trader Discounts
78.94% of retail investor accounts lose money when trading CFDs with this provider
80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
80.5% of retail CFD accounts lose money
79% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
ThinkMarkets
FxPro
Plus500
AvaTrade
FSCA (South Africa)
Pending

Brokerage

Feature
Pepperstone
ThinkMarkets
FxPro
Plus500
AvaTrade
EUR/USD Avg. Raw Spread
0.16
0.1
0.37
GBP/USD Avg. Raw Spread
0.4
1.02
AUD/USD Avg. Raw Spread
0.27
0.87
EUR/USD Standard Spread
1.16
1.58
0.8
1.30 Retail
0.90 Professional
EUR/USD Fixed Spreads
1.2
1.71
0.9
Commissions (USD Base)
AUD $3.50
USD $3.50
$3.50 per side
USD$0.45 (cTrader)
Commission Rebates
Minimum Deposit
AUD $200
USD $200
$0
$500 Recommended
100
USD $100
Swap Free Account
No Inactivity Fees
Funding Methods
16
6
4
3
7
No Funding Fees

Markets and Instruments

Feature
Pepperstone
ThinkMarkets
FxPro
Plus500
AvaTrade
Currency Pairs
66+
38+
70+
60+
60+
Cryptocurrency CFDs
4+
5+
10+
11+
Index CFDs
14+
21+
24+
67+
15+
Share CFDs
5+
1200+
150+
1816+
99+
Commodities CFD
4+
10+
10+
17+
16+
Stockbroking
Retail Max. Leverage
500:1
500:1
30:1 FXProGLobal Markets
500:1 FXPro Financial Services
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
400:1 (Intl)
30:1 (UK/Europe)
Professional Leverage
500:1
500:1
500:1
300:1
400:1

Trading Platforms + Tools

Feature
Pepperstone
ThinkMarkets
FxPro
Plus500
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss

(available only where European regulation applies)
Guaranteed Neg Protection
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only

(available only where European regulation applies)
Demo Account
Unique Feature 1
Smart Trader Tools
STP Order Execution
1,300,000 client accounts
Trade cannabis index
Choice of social trading tools
Unique Feature 2
Fast Execution Speed
Uptime record of 99.99%
Avg execution time 11.06 ms
Guaranteed stop-loss
Sign on bonus available

Overall