Compare the Features of the Best Trading Apps in South Africa 2023

Our forex broker comparison tool has provided a summary of the features offered by the top trading apps in South Africa.

IC Markets is one of the premier forex brokers in South Africa, providing an extensive range of trading tools. Its MT4 and cTrader platforms are user-friendly with plenty of technical analysis and algorithmic trading features.

IC Markets

IC Markets is an international forex and CFD broker that offers traders a host of features. These include an advanced trading platform, low fees, helpful educational materials, as well as an impressive customer support team.

IC Markets requires traders to open an account by registering online and providing proof of identity (passport, driving license or ID card) along with their residential address. Furthermore, IC Markets requires clients to pass anti-money laundering requirements.

For those new to trading, many brokers provide a free demo account. It's an ideal way for traders to test out their services and strategies without risking real money.

Clients can fund their accounts using various methods such as credit/debit cards, bank wire transfers and PayPal. There are no additional fees for deposits or withdrawals and they are processed quickly and securely.

The website offers an abundance of educational resources for both new and experienced traders alike. These range from videos on trading platforms, market analysis, and economic calendars.

IC Markets provides a wide selection of trading instruments, such as currency pairs and CFDs on indexes, stocks, commodities and futures. With some asset classes you can take advantage of leverage up to 500:1, while lot sizes start from 0.01 micro lots.

IC Markets is an ideal option for those new to forex trading. High leverage can magnify returns, but it is essential to manage the associated risks.

IC Markets' platform is accessible for desktop and mobile users with a user-friendly interface that's simple to use. Plus, they provide traders with charts, indicators and news as well as expert advisors for more experienced traders.


Pepperstone is a highly-rated forex broker that has earned numerous awards. They provide various trading platforms and 24/7 support, as well as an extensive education department covering everything from terminology to trend lines.

The company has also simplified their account verification process, making it quick and effortless for new customers to open an account. They ask a few questions about your employment status and financial standing, plus you can upload personal documents for verification.

Traders can select from a wide range of trading instruments, such as forex, cryptocurrencies, stocks and commodities. They have the freedom to trade on any time frame - including daily and weekly charts - while taking advantage of the platform's advanced technical analysis tools.

No minimum deposit requirement and no inactivity fees exist. Furthermore, when signing up for a demo account, you'll get access to an exclusive $100,000 virtual balance that won't expire.

Trading conditions are favorable, with spreads starting at 0.0 pips and leverage available from 30:1 up to 500:1 (for professional traders). With a minimum trade volume of just 0.01 lots and orders executed within 30 ms on average, this platform provides excellent opportunities for investors.

Their customer support is available 24/7 in English, Spanish and German. With a reputation for speed and competence that stands the test of time, they make an ideal choice for both novice and experienced traders alike.

Pepperstone offers various accounts to meet different needs, from beginner-friendly options to powerful professional options. Furthermore, the company provides Islamic accounts without swap fees; however, please be aware that this type of account is only available in countries with a Muslim population.


Selecting the ideal trading app in South Africa can be daunting with so many choices available. Make sure you pick one that is secure, user-friendly, and meets all of your investment requirements. Furthermore, take into account whether it will cater to personal preferences and experience level.

Plus500 is a well-regulated online stock trading app that offers trading on CFDs of shares, ETFs and forex pairs. As such, Plus500 may be ideal for investors seeking low-cost portfolio hedges.

The platform boasts a straightforward user interface and offers an unmistakable fee report. Additionally, it has a 2-step login process and supports multiple currencies. Furthermore, clients are able to save their trading setup as a template for future reference.

Plus500 provides an impressive range of instruments, such as 71 currency pairs, 10 cryptocurrency pairs, 22 commodities, 33 index CFDs, 1,737 equity CFDs and 877 options contracts. This wide selection makes Plus500 suitable for most trading strategies.

Although the trading environment is user-friendly, it lacks some essential features. For instance, it does not support automated trading or backtesting like MetaTrader 4 or cTrader does, nor does it offer one-click trading - a popular feature among day traders and scalpers.

Overall, the trading platform is user-friendly and offers superior customer service. In fact, they have a team of customer support agents available 24/7 for assistance.

Plus500 provides free email and push notifications on market events. Users can stay informed on price movements, change percentages and traders' sentiments with these alerts.

Plus500 is a popular option for South African traders as it provides trading on an extensive range of assets, such as currencies and shares. Furthermore, the company provides competitive withdrawal fees and an outstanding customer support team. Furthermore, Plus500 has been licensed in several countries such as Australia, New Zealand, and Cyprus.


Tickmill provides its clients with a risk-free platform to trade financial markets, complete with various trading tools and strategies to enhance their skills. Plus, they provide free educational content so new traders gain the knowledge and assurance needed to become successful in their trading career.

Tickmill has earned a well-deserved reputation for providing its traders with competitive trading conditions. Their focus on speedy execution, low spreads starting at 0.0 pips, no-dealing desk execution and no requotes guarantee investors peace of mind when trading.

Tickmill allows traders to open an account with a minimum deposit of $100 and use various methods for deposits and withdrawals. Furthermore, it is regulated in three jurisdictions for added assurance.

The broker's mobile app for Android and Apple devices makes trading on the go convenient. It enables traders to analyze markets and price trends, trade directly from charts, and take advantage of available bonuses.

Customers can reach customer support via email, live chat and phone. Although live chat is unavailable on weekends, they offer excellent email support that usually answers queries within a few hours.

Another advantage of Tickmill is their acceptance of a variety of payment methods, such as bank wires and cashier checks. Furthermore, they provide a demo account which enables traders to practice their strategies and learn how to trade on the real market.

Tickmill offers three main accounts: Classic, VIP and Pro. The former is ideal for novice traders while the VIP account caters to professional traders and high-frequency traders alike. Furthermore, Tickmill also provides Islamic accounts along with various leverage options to suit different trading strategies.


One of the key characteristics of a trading app in South Africa 2023 should be its instant deposit and withdrawal capabilities. This should include options for credit/debit cards, e-wallets, as well as mobile payments like Google and Apple Pay.

Another feature worth noting is a wide selection of tradeable securities, such as stocks, ETFs and options. This should provide ample room to operate; however, long-term investors may desire a wider choice.

When selecting an online stock broker, a good brokerage should offer margin rates (the cost of borrowing money from the broker against your account equity) that are competitively low. This should be one of the major considerations.

Moomoo also provides a stock screener, which allows users to identify stocks meeting certain financial or technical criteria and store them on watchlists for later. This helps assess the depth of markets for individual stocks before making a trading decision.

This feature is ideal for traders seeking to identify breakout stocks and potential trade openings. Furthermore, it helps monitor price movements across various time frames.

Moomoo also provides a ranking list that displays which stocks have gained or lost value over an interval of time, such as 5 minutes. This can be filtered by day's percent change, volume, and fundamental metrics.

Moomoo is an ideal platform for traders who want to leverage the advanced charting capabilities of their smartphone to identify trading opportunities. Its charts are user-friendly and come equipped with various market factors and indicators that can help you make informed decisions. Furthermore, Moomoo is suitable even for novice investors in the stock market.