What is a Trading Platform?
A trading platform is a software system used to trade securities. It allows investors to open, close, and manage market positions online through a financial intermediary, such as an online broker.
Online trading platforms are frequently offered by brokers either for free or at a discount in exchange for maintaining a funded account and/or making a specified number of trades per month. The best trading platforms offer a mix of robust features and low fees.
What Is The Best Trading Platform In South Africa?
Interactive Brokers | Best for intermediate and advanced investors
Interactive Brokers (IBKR) offers a comprehensive range of trading platforms. Their investment platform, Trader Workstation (TWS), is an advanced desktop platform designed for active investors who engage in multi-product trading. Additionally, IBKR provides an easy-to-use mobile app called IBKR GlobalTrader.
XTB | Best for forex and CFDs
XTB is a reputable online broker known for its xStation 5 trading platform, available on the web, desktop, and mobile. It provides an intuitive interface with access to advanced tools and customization options, making it suitable for Forex and CFD investors.
IG | Best for demos and education resources
IG is a well-known CFD IG, a popular CFD broker offering a wide range of trading instruments, including over 17,000 markets with various trading platforms. Additionally, they are also recognized for their high-quality research and educational resources.
Pepperstone | Best for MetaTrader4 (MT4) and MetaTrader5 (MT5)
Pepperstone is a popular broker that offers several trading platforms like TradingView, MetaTrader4 (MT4), MetaTrader5 (MT5), and cTrader, which are well-suited for social trading and copy trading features, allowing users to automatically replicate the trades and strategies of successful traders.
What trading platform to use in South Africa?
The best trading platform in South Africa will depend on an individual’s specific trading needs and preferences. Some popular options include EasyEquities, GT247, and Saxo Markets.
These platforms offer features such as low fees, easy-to-use interfaces, and a wide range of trading instruments.
What is the cheapest trading platform in South Africa?
Intro and winners
- Interactive Brokers is the best discount broker in South Africa in 2023.
- Alpaca Trading – Free stock and ETF trading, low non-trading fees.
- tastytrade – Low trading and non-trading fees, no inactivity fee.
- MEXEM – Average trading and non-trading fees.