We found 11 online brokers that are appropriate for Trading South African.
Looking for information about the South Africa Debt Clock? When it comes to the national debt of South Africa, the federal government is the party who owed the money.
The money included in the debts of the South African countries is one which comes from the federal government of the country.
The debt of the states as well as local government are not included in the national debt of the country.
Speaking of which, there has been a significant increase of the ratio of the GDP from year to year. From 2013 to 2019, there has been an increasing ratio of GDP from 44.1% to 60%. But the biggest issue here is the economic situation after the pandemic. The countrys debt has been rising exponentially. As stated by the officials, the country is expecting to have over 100% of the national debt.
Just as in any other country which is affected by the Covid pandemic, the national debt has become such a issue as these can decrease the businesses exponentially. However, the obligations to the pension fund are not in the national debt.
The national debt has been one of the primary actions by the Ministry of Finance. This body instructed the South Africa’s government to take the debt.
The government debt is supervised by the Asset and Liability Management Division of the Ministry of the country. This division would conduct the tracking, supervision, as well as management of the government debt.
This includes the creation of the debt instruments to raise the funds. In this situation, the Asset and Liability Management division announced the sale of the debt instruments.
When it comes to the debt instruments, not all the interested parties can join the project. This division will also regulate the brokerages to protect the clients necessity and money.
The online activities of the brokerages are going through the MMIS - Money Market Internet System which is constantly monitored by the authority to protect the investors and all of parties involved in the activity.
South African government retail bonds are the instruments which could raise funds. The conventional bonds issued by the government and treasury bills have been the most common instruments used.
But that is not all the functions of South Africa’s Government. They also manage savings bond schemes in which its existence is more open to the public.
There is a wide array of savings bonds which you can retrieve from the South African government. You should visit the official site of the South African government to gather further information.
When it comes to government bonds, the one that has the right to sell is the Asset and Liability Management Division. These debt instruments are purposely designed for the commercial traders who are attracted to invest in the South African market. There are two different types of debt instruments which the commercial traders can choose.
The first one is government bonds. When it comes to this kind of debt instrument, its sole purpose is for accommodating the long-term financing.
On the other side, there are the Treasury bills which are designed for accommodating short-term financing. The gap time to make the difference of the term of financing is one year.
The huge difference is that the treasury bills offer no interest. Most of the time, the purchasers can obtain the discount and redeem its full value.
When it comes to government bonds, there are basically two types of bonds to choose. The first one is the benchmark bonds which come with the fixed interest rate. The fixed interest rate payment is due on a yearly basis. The other bond type is the inflation-linked bonds. In this type of bond, the face value will rise each year but come with the same interest rate on a daily basis.
As we have previously mentioned, South Africa will inevitably expect debt which exceeds 100% of the GDP. This number is not a small deal and the experts would suggest that it wouldn’t happen anytime soon.
Since the Covid pandemic entered in the equation, the table is turned for every party. If the situation does not turn around, the debt levels of the South African government will exceed 100% of gross domestic product by 2024 and 2025. and by 2028 to 2029, the debt levels will rise to up to 114%.
When you see this unbiased information, you would agree that it is the direct impact of the coronavirus side effects on different kinds of industries. To cope with the situation, the government has decided to conduct the Covid-19 Emergency Program Loan.
The bank will also finance this, and the loan will assist the South African Government in providing a health and safety response to the Covid pandemic.
We've collected thousands of datapoints and written a guide to help you find the best South Africa Debt Clock for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best South African below.
There are a number of important factors to consider when picking an online South African 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 South African.
Compare South African min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are South African. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more South African that accept South African clients
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IC Markets
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Roboforex
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AvaTrade
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XM
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XTB
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Pepperstone
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FP Markets
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Trading212
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NordFX
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Plus500
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EasyMarkets
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) |
Min Deposit | 200 | 1 | 100 | 5 | No minimum deposit | 200 | 100 | 1 | 1 | 100 | 100 |
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Used By | 180,000+ | 10,000+ | 300,000+ | 3,500,000+ | 250,000+ | 89,000+ | 10,000+ | 15,000,000+ | 10,000+ | 15,500+ | 142,500+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with avatrade |
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Up with xm |
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Up with xtb |
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Up with pepperstone |
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Up with fpmarkets |
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Up with trading212 |
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Up with nordfx |
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Up with plus500 |
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Up with easymarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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. | 74% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 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. | Losses can exceed deposits | 74% 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. | Your capital is at risk |
Demo |
IC Markets Demo |
Roboforex Demo |
AvaTrade Demo |
XM Demo |
XTB Demo |
Pepperstone Demo |
FP Markets Demo |
Trading 212 Demo |
NordFX Demo |
Plus500 Demo |
easyMarkets Demo |
Excluded Countries | 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, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, IL, KR, IR, MM, CU, SD, SY | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, JP, NZ | US, CA | US, CA, EU, RU, SY, KP, CU | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE |
You can compare South African ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top South African for 2022 article further below. You can see it now by clicking here
We have listed top South African below.