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
  • ThinkMarkets ThinkMarkets - Good Beginner Mobile Trading Platform
  • eToro eToro - Best Social Trading Platform For Beginners
  • Plus500 Plus500 - Good Risk Management Forex Platform
  • FxPro UK FxPro - Top cTrader Beginner Forex Broker
  • FXCM FXCM - Good MetaTrader 4 Forex Brokers
  • Markets.com Markets.com - Best Platform Trading Tools



Pepperstone
ThinkMarkets
FxPro
Plus500
AvaTrade
Our Rating
9.17
7.67
7.46
5.83
8.33
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
0.09
0.1
0.37
GBP/USD Avg. Raw Spread
0.38
1.02
AUD/USD Avg. Raw Spread
0.17
0.87
EUR/USD Standard Spread
0.69
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+
55+
Cryptocurrency CFDs
12
5+
10+
15+
Index CFDs
14+
21+
24+
67+
33+
Share CFDs
300+
1200+
150+
1816+
625+
Commodities CFD
4+
10+
10+
17+
30+
Stockbroking
Retail Max. Leverage
500:1
30:1
30:1 FXProGLobal Markets
500:1 FXPro Financial Services
30:1 (FCA/ASIC)
20:1 (MAS)
30:1 (UK/Europe/Australia)
400:1 (South Africa)
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
Guaranteed Neg Protection
ESMA regulated territories only
(Aust/Europe only)
ESMA regulated territories only
available only where European or ASIC 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
Fixed Spreads

Overall