Best Stock Trading App in South Africa for Long-Term Investments 2023

Are you searching for the ideal stock trading app in South Africa to invest in long-term? Look no further - with so many options available it can be difficult to decide which one is the best fit.

Stash is an investment app that allows you to invest spare change from every purchase you make on-the-go. This way, you can set aside a small amount each day and watch it grow over time.

But the best investment apps can also let you quick trade stocks

For South African stock traders, the ideal app should provide instant stock trading and have a user-friendly interface. This is particularly essential if you are new to trading and don't yet understand all of the ins and outs of financial markets.

If you are just starting out in investing, it may be beneficial to select an app with a low account minimum and free educational resources. This will make investing easier without risking too much of your money.

One of the top stock trading apps is Webull, which has no account minimums and allows you to trade stocks, options, ETFs, and crypto. Plus its virtual "play money" feature provides an opportunity for beginners to learn how to trade without risking real cash.

Another excellent option is the Fidelity Investments app. This user-friendly platform provides all the necessary functionality to manage your accounts, from depositing checks and paying bills, to trading on international markets. Plus, it's one of the few brokerage apps that supports trading internationally.

This app is user-friendly and packed with helpful information for investors, such as free 401k advice. You can also set up alerts, monitor your portfolio performance and more with this handy app.

You can select a personalized portfolio tailored to meet your individual needs. The app takes into account factors like age, life plan and risk aversion when creating the portfolio; this helps diversify assets while reducing exposure to loss.

Wealthsimple is a popular investing app that helps you strike an optimal balance between earning the most and mitigating risks. It strives to assist in building a diversified portfolio at a reasonable level of risk while maximising returns.

The ideal investing apps offer a comprehensive suite of tools and features to help you expand your portfolio. This includes market data and education, as well as access to an experienced human advisor. They can assist in investing in various assets like international equities, bonds, and ETFs.

Follow your account in real time

Investment apps offer not only quick stock trading, but they can also follow your account in real time. This feature is invaluable if you want to stay on top of your portfolio. With better insight into investment performance and smarter decisions made, these are the top investment apps.

If you plan to invest in the stock market long-term, app-based platforms can be especially helpful. They allow users to set up a portfolio with just a few clicks and provide educational resources like charts, graphs and news to assist them with finding the ideal stock for their requirements.

StockRoad app collects a wealth of data, such as news and company announcements. Plus, its user-friendly interface makes navigating it a breeze. Furthermore, its stock charts are highly informative and essential for any investor.

Stock charting algorithms on this platform are astounding, as is its use of artificial intelligence to craft a winning trading plan for you. Furthermore, you can get a personalized portfolio recommendation tailored to your investing habits and goals.

The app even features a mobile-first platform that allows you to manage your money across multiple accounts. You can add and subtract funds, withdraw from existing ones or transfer money between new ones.

Another impressive feature is its multi-asset comparison tool. This allows you to compare various assets such as stocks, bonds, mutual funds and ETFs side by side - perfect for those on a tight budget who want to diversify their investments at the most economical cost.

Easy to use

If you're searching for a stock trading app in South Africa that gives you all of the tools and data to make long-term investments, there are plenty of options to choose from. Popular options include eToro, AvaTrade, and Alpari Mobile.

These apps are ideal for new investors as they provide demo accounts that enable you to practice trading without risking any of your own funds. Furthermore, these services boast low commissions, superior customer service, and an array of features.

However, it is essential to remember that these apps are not a replacement for your broker. Some providers provide more advanced and powerful tools than others, so do some research before investing your hard-earned funds on any platform.

A reliable trading app should possess top-tier regulatory bodies and provide top-notch customer protection. These features are essential if you want to avoid losses in the market.

Investment apps offer free training materials to help new traders get started on the trading floor. These could include educational guides, articles, or regular webinars.

Your phone may also offer direct access to financial news, providing an invaluable resource for staying abreast of key market developments. Furthermore, it would be beneficial if the provider provides technical indicators which could assist in recognizing potential trends.

Another helpful feature is the option to copy other investors' trades. Doing so allows you to learn from their mistakes and expertise before investing your own funds.

Some providers also offer paper trading, which enables individuals to practice certain strategies before risking actual money. This can be especially advantageous for novice investors interested in penny stocks.

Pepperstone is an Australian brokerage firm that offers its clients a host of features, such as mobile apps, social trading and trading automation. This makes it suitable for both novice and experienced investors alike.