We found 11 online brokers that are appropriate for Trading South African Markets Brokers.
By looking at the South Africa trading nature, the statistics have shown that the country is open to international trade with other countries.
Thanks to its nature, international trade in South African countries comes with 59.4% of the GDP. That means the country is more reliant on international trade, although the domestic trades have been rooting the country in all aspects.
Platinum, coal, and some solid fuels are primarily exported by the country. Other exports are gold, iron ores, as well as motor vehicles.
On the imports side, South Africa’s main imports are petroleum oils, motor vehicles, transmission apparatus, automatic data processing machines and units and medicaments.
Petroleum oils ranked at the most imported item consisting of around 16.7% of the total market.
South Africa has a number of top trading partners for their international trading activity. These countries are the US, China, India, Germany, the United Kingdom, as well as Saudi Arabia.
European countries have long been working with African countries in international trading. However, South Africa is their largest trading partner that comes from Africa.
South Africa’s exports to the EU have been growing exponentially in various sectors. With the country moving from commodity-based products to more industrial and manufactured products, trading in South Africa has been such an interesting activity for avid traders across the globe.
There is a key driving factor which causes international trading in South Africa to be more robust and effective than other continents.
In 2019, the African Union announced the launch of the AfCFTA - Africa Continental Free Trade Area. In this entity, the countries who work with South Africa will be able to trade in the world’s largest free trade area easily.
There are 54 countries who have been in this relationship with AfCFTA to trade the goods and services.
According to the statistics, South Africa exported USD 93.9 billion worth of products. Meanwhile, the country imported USD 113.6 billion of goods.
Trading in South Africa also showed gigantic numbers in services trading as well as goods. In the services exports, the value in South Africa trading was USD 15.5 billion. Meanwhile, the country attained USD 1.6 billion trade surplus from the services imports.
South Africa continues to conduct the international trades for the sake of the country. According to the statistics, around 31.3% of the country’s exports were delivered to Asian countries.
Meanwhile, 26% of the exports by value were delivered to African countries. Meanwhile, there are 26.1% which were distributed to European countries.
To conclude, these three continents are the largest importers of South Africa. The smaller percentage imports are delivered to North America which holds 7.5%, Oceania country which holds 1% in Australia, and 1% in Latin America including the Caribbean except for Mexico.
In terms of export sales, the top sales come from China which holds 10.7% of South Africa exports. The value is US$9.6 billion, followed by Germany with $7.5 billion (8.3%), the US with $6.3 billion (7%), UK with $4.7 billion (5.2%), and the other 12 trade partners.
Around 67.3% of the exports of South African countries are delivered to all their 15 top trading partners.
South Africa indeed has a negative trade balance or deficit because their imported goods value is higher than the exported goods value.
Amongst these trading partners, there are only two countries which grew from 2018 to 2019: the first one is Sweden which is up to 8.9%, and Poland which is up to 5.3%.
The deficits show the competitive takeaways with the countries which are listed as the deficits. But this fact also lets us know that there are some opportunities for South Africa countries to improve their economic development and strengthen their position in International trading with other countries.
Meanwhile, the surplus for 2019 is around $2.1 billion in South Africa.
The surplus happens when South Africa’s imported goods value is lower than the exported goods value. Consequently, this country has a favorable trade balance.
South Africa has incurred the highest trade surpluses with these significant countries:
Botswana, Mozambique, Namibia, Zambia, UK, Zimbabwe, Netherlands, Japan, and Hongkong. The country-specific trade surplus is Botswana with the US$3.6 billion followed by Mozambique with $2.8 billion.
The trading partners who generate the greatest positive trade balances are Belgium which is up to 29.2%, UK which is up to 25.4%, and Mozambique which is up to 21.7%. These three countries grew at the most rapid rate compared to other countries in the surplus incurred list from 2018 to 2019.
We've collected thousands of datapoints and written a guide to help you find the best South African Trading Partners 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 Markets Brokers below.
There are a number of important factors to consider when picking an online South African Markets Brokers 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 Markets Brokers.
Compare South African Markets Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are South African Markets Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more South African Markets Brokers that accept South African Markets Brokers clients
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eToro
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IC Markets
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Roboforex
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AvaTrade
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XTB
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XM
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Pepperstone
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FP Markets
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Trading212
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Plus500
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EasyMarkets
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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) | 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 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 Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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) | 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 | 10 | 200 | 1 | 100 | No minimum deposit | 5 | 200 | 100 | 1 | 100 | 100 |
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Used By | 27,000,000+ | 180,000+ | 10,000+ | 300,000+ | 250,000+ | 3,500,000+ | 89,000+ | 10,000+ | 15,000,000+ | 15,500+ | 142,500+ |
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Platforms | Web Trader, Tablet & Mobile apps | 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, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, 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 | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with trading212 |
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Up with plus500 |
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Up with easymarkets |
Risk Warning | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 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. | 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. | 74-89 % 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. | 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 |
eToro Demo |
IC Markets Demo |
Roboforex Demo |
AvaTrade Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
easyMarkets Demo |
Excluded Countries | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, 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, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, KR, IR, MM, CU, SD, SY | 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 | 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 |
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
You can compare South African Markets Brokers 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 Markets Brokers for 2022 article further below. You can see it now by clicking here
We have listed top South African Markets Brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.