Cheapest share trading platforms SA 2021

Choosing the cheapest share trading platform in South Africa is very important for successful stock trading. If you want to  start online trading in SA you should consider safe & cheap platform first and foremost!

Online trading platforms South Africa

Whether you are into forex trading in South Africa or your focus is simply on stock trading South Africa, as long as you engage in online trading South Africa, you need the right platform to carry out your transactions. The reason is that the platforms provide their users with trading tools such as market data, analyst research, charting, account management and customized backtesting among others. Some of these platforms also have been automatically designed to execute transactions following the transaction strategy which they have been configured with.

You can consider some online share trading platforms:

IG

IG is a trusted broker that is known for having some of the lowest spreads. The lowest spreads mean the lowest price between the bid and asking price. The asking price is what you would buy the trade at, whereas, the bid price is what you would sell at. So, having a low spread means the lower cost incurred when trading.

Having the lowest spread isn’t the only thing that makes IG stand out. It is heavily regulated with a global presence. Along with numerous industry awards, IG is a trusted broker worth considering.

eToro

If you want to buy shares without paying any deposit fees, you should consider the cheapest share trading platform South Africa called eToro. It means that you can invest in shares and retain complete ownership without paying any commissions. Its users have access to over 800+ stocks from 17 international markets. The platform also gives them access to more than 2,000 different financial assets, including stocks, cryptocurrencies, ETFs, indices, currencies and commodities.

XM

XM is another low minimum deposit platform to consider. With only $5USD needed to get you started, there is a lower risk for beginner traders. XM has clients in almost 200 countries worldwide with staff that speaks in 30 different languages. Because of this, you can see the appeal of XM. It is diverse and regulated, making it a trusted broker and platform for many.

FXCM

FXCM provides CFD trading, online foreign exchange (FX) trading, spread betting and other related services to their users with a minimum deposit of USD 50. Passionately, they have been pursuing their mission of providing global traders with access to the largest and most liquid market in the world. They have some robust transaction platforms like the popular MetaTrader 4, NinjaTrader and Trading Station and with their advanced web platform known as ZuluTrade, copy trading is possible.

Plus 500

Among other things, Plus 500 deals specially in Contracts for Difference (CFDs), delivering trading facilities on ETFs, shares, commodities, forex, options and indices. With a minimum deposit of ZAR 1000, you can access more than 2,000 instruments in their portfolio, and as part of their unique operations, you can profit from ETF, stock, forex, index without owning the underlying asset. They ensure that their platform enabled with more than 30 languages is clutter-free and users do not experience an overload in information.

Standard Online Share Trading/Stockbroking

A beautiful thing about this online share trading platform is that they are also enlisted as one of the most trusted JSE brokers in the country. As an award-winning company, they make transactions and investing in a broader range of financial instruments easy for their users with no minimum deposit. Whether you want to trade shares, exchange-traded funds, futures contracts, warrants and CFDs, you will find the platform very useful. Apart from those, you can also get Market data like historic highs and lows, gainers and losers, and so on.

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