Last updated on March 22nd, 2021 at 09:55 am
Looking for the best online trading platforms in South Africa?
In this article, I will discuss some the most popular brokers you can consider to start making money as a trader in South Africa.
See, when choosing trading platform, you should look for the following features:
- Easy to withdraw and deposit funds for trading. If they can support multiple options, you are set.
- Simple trading platform with everything you need to be a profitable trader.
- Come with trading learning materials. You need things like demo accounts to get you started and hone your skills.
These and more others, should guide you into picking the best online trading platforms in South Africa.
Now, based on the above criteria, here is a quick list of the brokers to try now in South Africa:
• Olymp Trade – they are the best trading platform. Comes with a ton of trading materials including indicators and tradable assets. Also, support several payment methods for deposits and withdrawals.
• IQ Option –one of the easiest trading platforms in 2021. Allows you to trade over 100 instruments including stocks and crypto.
Let’s dive deep into these brokers.
Best online trading platforms in South Africa
1) Olymp Trade in South Africa
I won’t bore you with history of the platform. But what you need to know is that Olymp Trade is a category A broker of the international Financial Commission.
Membership in the Financial Commission is an honor granted only to reliable and honest companies that have repeatedly demonstrated the high quality of their services.
Is it safe?
Olymp Trade is not a scam. I know how this scamming thing is rampant especially when it comes to online trading companies in South Africa.
Why Olymp Trade?
Here is what I love about the broker;
They don’t just give traders a chance to earn, but they also teach them how.
With a world-class team of analysts, you are sure to be on the best hands when it comes to online trading in South Africa.
The teams work round the clock to develop original trading strategies and teach traders how to use them intelligently in open webinars, and they consult one-on-one with traders.
Olymp Trade Payouts in South Africa
You can withdraw your funds any time.
From one year to the next, Olymp Trade has been increasing the payout speed and improving their trading education. As a result, more and more people are prospering on the platform.
In fact, over 25K traders use the platform daily. In a month, Olymp Trade payout at least $10 million, and they are increasing the payout on average of 7% each month.
Assets and Markets
You can trade the following markets on Olymp Trade in South Africa.
2) IQ Option in South Africa
IQ Option boasts over 48 091 542 registered users in 2020. Run and owned by IQ Options Europe Ltd, IQ Option South Africa is an online trading services provider that is based in Cyprus.
This online trading platform first came into limelight in 2013. Since then, it has grown by leaps and bounds into the trading giant you see today.
In an effort to appeal to everyone; beginner traders and pros alike, IQ Option has a minimum deposit requirement at $10 and free demo account.
Assets At IQ Option in South Africa
Currently, you have access to over 90 underlying tradable assets on IQ Option.
They range from:
- Currency pairs
- Market indices
- Stocks and commodities.
Recently, the broker added a selection of at least 12 different types of Cryptocurrencies on their platform.