We found 11 online brokers that are appropriate for Trading Share Trading South Africa.
Share trading in South Africa mostly means trading at the Johannesburg Stock Exchange (JSE), which is one of the most popular exchanges in Africa, apart from being the primary stock market in South Africa.
In the list of the World Federation of Exchanges, the JSE is ranked at 19th place by market capitalization in the world. Its main stock index is the FTSE/JSE Africa All Share Index, that is further categorised into Top 40, Small Cap and Mid Cap Indices.
Share trading in South Africa is very well regulated, particularly since 2017 when the Twin Peaks regulatory system was adopted by the country. The CFD and Forex brokers are strictly regulated by the Financial Sector Conduct Authority (FSCA), which was earlier named as the Financial Services Board (FSB).
The beauty of share trading in South Africa is that the FSCA does not operate under the country's apex bank, the South African Reserve Bank (SARB).
South African Rand (ZAR) is the national currency and it is recognised by Forex traders. In 2016, the currency was ranked 20th by the Bank for International Settlements, and its daily turnover then was 1 percent of the total Forex market.
The key strategic commodities in share trading in South Africa include gold and oil. This was such that the country's total gold export was 29.77 percent of the GDP.
Hence, it can be said that South Africa is mainly dependent on its exports to countries like the United States and China. This is the reason why any trade dispute in these countries makes ZAR vulnerable. In 2018, during the trade war between the USA and China, the South African currency became one of the worst-performing ones against the USD.
South Africa's financial market is well regulated and hence, traders who are interested to trade CFDs or Forex are suggested to only choose a well-regulated and reputed online broker.
Offerings of online brokers are as mentioned below:
The exchange of currency pairs is called Forex trading and the market is vulnerable beyond the borders of any country. With the widespread popularity of online trading, the Forex has become highly popular among traders as it is a highly liquid product and its daily turnover on the global platform is more than $5 trillion.
The CFD or contracts for difference is a derivative product where traders speculate the future price of assets like stock, commodity, stock index and currency pair.
Most online brokers initially offer a demo account to help traders learn the platform, build up strategies and gain some experience in the market.
Traders who are Islams believe in halal trading. Hence, a different account is offered to them which only includes halal trading.
The South African financial market is historically attractive due to its well established financial and banking system. The country has a mature infrastructure fit for investors. The country also offers several other advantages such as information technology and transportation consulting.
Moreover, the World Bank ranked the country at the 23rd and 46th positions in protecting minority investors and paying taxes respectively.
Following a budget deficit problem, the country decreased the growth forecasts in October, revealing further issues that may arise due to the tariff war between the US and China. The national currency experienced a sharp drop then due to the volatility in the news-related stocks. A similar situation may cause Forex uncertainty and businesses may move out of the country to enter other stable markets.
World Bank ranked the country poorly with respects to starting a business. For obtaining credit, South Africa is ranked 73rd in the world. When comparing the overall ease of conducting business, it is ranked 82nd in the world. These figures are not impressive and hence, there are evident challenges when it comes to share trading in South Africa. The unfavorable environment results in most traders hesitating before deciding to invest in the South African market.
Share trading in South Africa is historically attractive as the financial market is highly regulated and stable. However, the recent trade war between the US and China caused a sharp drop in ZAR value in the Forex market as South Africa is mostly dependent on exports to these countries.
Moreover, the World Bank has ranked the country poorly for startups and it is not an ideal country to conduct business when compared to the rest of the world.
Traders who are looking forward to trading in the South African market are recommended to monitor the current situations of its export destination countries as the ZAR is highly vulnerable based on it.
We've collected thousands of datapoints and written a guide to help you find the best Share Trading South Africa for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best share trading south africa below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Share Trading South Africa trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Share Trading South Africa.
Compare Share Trading South Africa min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are share trading south africa. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more share trading south africa that accept share trading south africa clients
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eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Up with spreadex |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare Share Trading South Africa ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
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We have listed top Share trading south africa below.