Best Forex Trading Platform For Beginners South Africa

Here are our top 8 recommended trading platforms for beginner traders in South Africa:Best-Forex-Trading-Platforms-For-Beginners-South-Africa-logo

  • Pepperstone – Best Forex Broker For Beginner Traders
  • AvaTrade – Top Beginner Web Trading Platform
  • ThinkMarkets – Good Beginner Mobile Trading Platform
  • eToro – Best Social Trading Platform For Beginners
  • Plus500 – Good Risk Management Forex Platform
  • FxPro – Top cTrader Beginner Forex Broker
  • FXCM – Good MetaTrader 4 Forex Brokers
  • FXTM – Best Copy Trading Forex  Trading Platform




Broker Reviewed

Pepperstone
ThinkMarkets
FxPro
Plus500
AvaTrade
Our Rating
9.17
7.67
7.46
5.83
5
Most Awarded Broker
Negative Balance Protection
Trading from single account
80.5% of retail CFD accounts lose money
250+ trading instruments

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
0.13
0.1
0.37
GBP/USD Avg. Raw Spread
0.51
AUD/USD Avg. Raw Spread
0.18
EUR/USD Standard Spread
1.13
1.4
0.6
1.30 (Retail)
0.90 (Pro)
EUR/USD Fixed Spreads
1.2
1.6
0.9
Commissions (USD Base)
AUD $3.50
$3.50
USD$0.45 (cTrader)
Commission Rebates
Minimum Deposit
$200
$0
$500 Recommended
100
USD $100
Has Islamic 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
2+
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