Of all the things people consider when searching for the best platforms to buy shares, two things stand out: simplicity and educational support. A good share trading platform must make trading as easy as possible and a demo account to practice on. The fees charged should also be fair, and it should make it easy to open accounts, make deposits, and withdraw funds.
The 6 best online trading platforms in South Africa
Market.com is known globally as one of the trusted trading brokers. Many traders like it because of its user-friendliness and its availability on social media sites such as Facebook, Twitter, Instagram, and YouTube. This is a multi-asset platform with more than 2000 financial assets that traders can choose from.
To make trading even more seamless, it has over 10 trader tools divided into Technical, Fundamental, and Sentimental tools. The two most popular tools here are the Advanced Charting and the Bloggers’ Opinion tools. These tools give users unparalleled insights into online trading.
2. BlackStone Futures
BlackStone Futures stands out among its peers because it emphasizes on education. They offer free webinars and Masterclasses, which are very helpful to new traders. Not only that, but BlackStone Futures also has insightful tools and articles that you can use to learn before you start trading.
After learning, you can practice using a demo account available on their ZAR and USD accounts on the CloudTrade and MT4 platforms.
FXCM has a variety of trading tools and features, which makes it find a spot among the best online brokerage for beginners. Some of these features include a wide range of customizable charts, market scanner, almost 100 indicators, economic calendar, market-related news, among others. Besides, there is also a demo account complete with all the features found in live trading accounts. You can trade on a PC or use the FXCM trading app on your mobile device.
If you are in the market for the best online broker for shares, the IG should be on top of your list. This platform is regulated by FCA and FSCA in the UK and South Africa, respectively. With about 180,000 clients globally, you can bet that IG is rightfully among the top trading platforms in the world. It is present on Facebook, LinkedIn, and Twitter.
Its demo account works pretty well with Android, Windows, and iOS devices. The demo account is loaded with £10,000 and R1,000,000 in virtual currency that you can use to practice online trading.
Though Plus500 has no PC trading platform, it has the best international stock trading platform and the best online broker app. You can download the app from the Google Play store. The number of times it has been downloaded exceeds 5 million, yet it still has a 4-star rating. Because of its ease of use, it is one of the most downloaded trading apps on both Google Play and App Store.
Its advanced trading tools together with its educational tools make a great trading platform for beginners, more so because their customer service is also available 24 hours a day 7 days a week.
Founded in 2009, XM is among the largest stockbrokers that can allow you to trade a variety of financial assets. Though it is headquartered in Cyprus, it serves clients from all over the world.
It is a highly regulated platform, making it one of the top trading platforms in the world when it comes to the security of investments. New users like it because of its demo account, which can be used for an unlimited time.
Even if not mentioned, all the above trading platforms are highly regulated and safe for investment. They only differ in the services they offer and the fees charged. That’s why it is better to compare share trading platforms to find out which one suits your taste and investment needs.