Home Forex Trading Apps : Best Forex Trading Apps in South Africa

Forex Trading Apps : Best Forex Trading Apps in South Africa

Forex trading apps are mobile applications for retail investors using Android and iOS devices. Forex trading apps are for trading of Forex, stocks, options, futures, cryptocurrencies other financial instruments from your mobile device. To choose the best Forex trading app 2021 is not easy, that is why we’ve decided to help you find the best Forex trading app in South Africa. As mentioned, the Forex trading applications allow you to start easily in trading. They offer innovative and comprehensive tools as well as training materials. All this for an attractive price. In this article, discover the best apps for trading from your iOS or Android, and our tips for choosing the one that’s right for you.

Best Forex Trading Apps in South Africa for 2021

CM Trading South AfricaFSCA, MiFID, ASIC


Olymp TradeCySec, FSCA, ASIC, FCA


Just ForexCySec, FSCA, ASIC, FCA


Markets XCySec, FSCA, ASIC, FCA

AvaTradeCySec, FSCA, ASIC, FCA


Find the Best Forex Trading App for You

For us the best Forex trading app is eToro overall. It’s popular in South Africa and many traders say they love it. That is why it is one of the best forex trading apps for Android and iOS devices in South Africa. Here is a list of the different brokers that we also recommend, and why.

  • eToro: Best Forex Trading App for Beginners
  • Libertex: More advantageous application for regulation and safety
  • XTB: Trading application for low spreads
  • AvaTrade: The most comprehensive Forex app for technical tools
  • Interactive Brokers: Largest choice of financial assets
  • Plus500: Best CFD Trading App

Best Forex Trading App 2021

The best Forex trading apps for 2021 in South Africa have been revealed. When it comes to choosing a FX trading app, the best choice will be one that can meet your unique needs and trading goals at all times. We have ranked the best trading apps based on fees, tradable assets, regulation, interface, and security.


Whether you are looking for an Android or iOS app for forex, cryptocurrency or stock trading, the following apps will give you the solution. Here’s a list of the Best Forex and CFD Trading Apps for South African Traders.

eToro Forex App: Best app for beginners

Since 2007, eToro has made online trading accessible to everyone. More than 6 million users have already been won over, it is the leader in social trading in the world.

The concept ? The platform offers a trading platform with the functionality of CopyTrader which consists of copying the strategies of the best traders.

The tools offered are easy to use and support is offered for beginner traders. Courses are available to clients so that they can expand their knowledge of trading. A free practice account is also available in order to trade without high risk. This trading platform is ideal for beginners.

Upon registration, each trader receives a virtual money credit in order to familiarize themselves with trading before trading real funds. The social trading application allows you to automate your trading habits. The app gives you the option to buy cryptocurrencies and stocks or invest in asset trades in the form of contracts for difference (CFDs).

The trading platform is fully secure and complies with FCA, CySec and ASIC regulations. eToro is the best trading app for beginners and social trading.

Brokerage fees: 0% for stocks, variable spreads for CFD trading. The fee of $ 5 for withdrawals is applied. Costs of inactivity é $ 10 per month

Available assets: stocks, cryptocurrencies, forex, CFDs, commodities, ETFs.


  • Free, simple and interactive iOS and Android application
  • Performance of the CopyTrader tool
  • Great for beginners


  • Quite expensive forex fees

Libertex Trading App: CFD trading from your mobile

Libertex is a free trading application that makes it easy for you to invest in CFDs. With over 20 years of experience, this traiding sat application has earned the trust of traders. Easy to use and unparalleled security, Libertex has nothing to envy its competitors.

Thanks to its list of active tops, it allows beginners to immediately invest in the most popular assets.

Training level, the trading platform offers something to satisfy beginners but also more advanced traders. Thus, all profiles can continue to improve. A fictitious account is available and will delight neophytes. Libertex is registered with Cysec and meets European safety standards. More than 2 million traders trust it.

Brokerage fees:

  • EUR / USD: 0.009%
  • GBP / USD: 0.008%
  • BTC / USD: 0.91%
  • CAC 40: 0.035%
  • Gold: 0.004%

Available products: cryptocurrencies, stocks, indices, currencies, commodities


  • more than 200 negotiating instruments
  • CySec regulation
  • fictitious account with € 50,000


  • cannot create transaction automations

Avatrade App: a trusted platform

Avatrade is one of the most reliable FX trading applications in South Africa. It is totally suitable for beginners or experienced traders. With Avatrade it may be possible to invest in Forex, Stocks, Commodities and Indices. Several platforms are available, each meeting the needs of different users and their levels of knowledge. Avatrade also offers social trading and over 200 financial instruments.

You have a question ? Customer service provides you with a quick response to ensure you have a completely satisfactory experience.

Brokerage fees:

  • EUR / USD: 1.3 pips
  • Apple: 0.13%
  • Gold: 0.4 pips
  • Bitcoin: 0.75%

Available products: CFDs, forex and cryptocurrencies


  • Proprietary web platform, as well as ZuluTrade and DupliTrade for copy trading, MT4 and MT5 available
  • Highly regulated platform


  • Ergonomics that deserve to be improved
  • High inactivity fees for EURUSD
  • Stock trading is not available

Stockpile Trading App: the one-time flat-rate app

Stockpile offers a simple stock market application with no monthly fees. This trading review application offers access to a wide choice of stocks (individual stocks and ETFs) which will delight all investors. All transactions are billed at $ 0.99, so you know where you’re going. The other particularity of this mobile application? It is possible to offer gift cards to purchase shares. Nice!

Brokerage fees: $ 0.99

Available products:  ADR, ETF, S&P


  • single fee
  • gift cards
  • fractional shares


  • limited functionality
  • deferred execution of transactions

Binck Trading App: easy mobile investing

Binck makes it very easy to invest in or sell a security . You just need to do it with a swipe of your finger. It couldn’t be faster. This trading application obviously allows you to stay informed about the financial markets and your results. The quotes are updated in real time and explicit graphics are present. Invest intuitively and securely with Binck.

Brokerage fees:

  • Order of an amount less than or equal to € 1,000: € 2.50 *
  • For an Order between € 1,000 and € 5,000: € 5 *
  • For Orders between € 5,000 and € 7,500: € 7.50 *
  • Order between € 7,500 and € 10,000: € 10 *
  • Above € 10,000: 0.10% *

* Classic rate

Available products:  shares, warrants, certificates, turbos, trackers, ETFs, rights, bonds


  • ease of use
  • real time data
  • comprehensive online services


  • lack of features on the mobile version

ProRealTime Trading App: powerful tools and fast order execution

ProRealTime is a good trading application which was voted best virtual trading application 2020. More than 100 tools are available to users: automatic trend detection, real-time multi-condition alerts, technical analysis… It offers all the information useful for help its users in their decisions and make market analysis easier. The interface can be used to place real orders and to train with virtual money. It is also possible to set up automatic trading.

Brokerage fees:

  • Order of 1000 euros 4.95 € / transaction
  • Order of 2000 euros 4.95 € / transaction
  • Order of 5000 euros 4.95 € / transaction
  • Order of 10,000 euros 9.50 € / transaction
  • Order of 50,000 euros 47.50 € / transaction

Available products:  Stocks, futures, forex, CFDs, commodities, gold, silver, bonds and options


  • 609,324 instruments available
  • Automated trading
  • Wide range of markets
  • Responsive support team
  • Competitive brokerage fees


  • The costs that can be high if few orders are placed

Degiro Trading App: trade wherever you are

Degiro allows you to invest and trade in marketplaces around the world. From your mobile, tablet or computer, this virtual trading application allows you to access many tools without any minimum deposits . Fully secure and constantly evolving, Degiro does everything to facilitate transactions and guarantee an optimal user experience.

Brokerage fees: 0.04% without minimum for South African equities

Available products: stocks, futures, bonds, options, ETFs, stock market products


  • Affordable trading fees
  • Diversification of investments


  • Lack of IFU
  • Lack of crypto-currencies

Plus500: Best app for CFD trading

Easy to use, Plus500 is one of the best online CFD trading apps. Trading stocks, currencies, commodities, options and cryptocurrencies through this app has never been so easy. With an elegant interface , price alerts, technical indicators and real-time market prices on popular stocks, it gives you access to everything you need to invest from your mobile. It allows you to set limits and stops to protect your stock trading positions .

Brokerage fees: No commission – all fees are covered in the spread. Night charge, guaranteed stop order may apply.

Products available: Forex, CFDs, 2,000 stocks, cryptocurrencies


  • Regulated, licensed and safe
  • 0% commissions
  • Technical indicators and charts available on this mobile application
  • No withdrawal fees
  • Paypal accepted


  • Educational material is limited
  • Few analytical tools
  • MT4 not available on mobile

Stock Market Direct: follow the stock market and expert advice

Bourse Direct offers an excellent mobile application to learn how to invest in the stock market. This application accompanies you on all your travels and allows you to monitor the stock market and manage your portfolio on the go.

It also gives you access to analyzes on expert portfolios (summit application trading) and to many tools. For beginners, training courses led by professional speakers are offered. Bourse Direct makes the stock market accessible to everyone.

Know that it is not a stockbroker – it’s only an application to monitor market é s.


  • Very varied stock offering
  • Rich training
  • Responsive customer service


  • A little old site design
  • Forex and crypto-currencies not available

Best Forex Trading App in South Africa

Tips for Choosing The Best Forex Trading App South Africa

Prefer an application with a reputation that no longer needs to be proven

You are invited to read the various opinions available but also to check the legal notices available on the website of this IG trading application.

List the service offers

Training, customer support, online chat, news feed…These are all elements that can make all the difference. Compare the services offered to help you make your choice.

Favor an application with quality customer service

To ensure the quality of the offer, customer service must be easily accessible by email and telephone.

Compare costs

Brokerage fees vary from application to application. A comparison of the prices applied will allow you to choose the application you need.

Go on an application adapted to your level

For novices in search of simplicity, some applications will not meet their expectations. Some advanced users may be looking for specific features. Check that this Forex app meets your needs.

Demand real-time information

In order to follow current events, access to stock market information in real time is essential on your android trading application (whether it is a crypto trading application and / or your forex trading application).

Pay special attention to the features offered

In order to optimize your trading, certain tools are of great help. Technical indicators, statistics, price alerts… Focus on the features offered to choose your application.

Forex Trading Apps South Africa

Free Trading Apps in South Africa

The best trading apps are usually free to download, but there are fees for trading on these apps. There are, however, a few free trading apps. We can cite the eToro application for commission-free trading of shares. There are other free trading apps like Robinhood, Webull, and Fidelity. These are American apps available in English only.

In South Africa, you can find Revolut, a free trading application in South Africa.

Conclusion: which is the best application for trading?

We have presented the top of the best trading apps. The advice provided will help you make the choice that will meet all of your needs without the high risk of being scammed.

Without hesitation, eToro seems like the best trading app. This platform is the most advantageous both for its 0% commission rate, unique on the market, and for the tools and training provided.

Forex Trading Apps FAQs

To end this comparison of the best trading apps 2021, we suggest you answer the most frequently asked questions on this subject by traders and investors below.

Why use a Forex trading app instead of a traditional broker?

By going through an online broker, you will be able to benefit from attractive prices while benefiting from many services such as training. You will also have the flexibility to trade anytime, anywhere.

How much does an online broker cost?

The cost of the service is set by each application. In general, only brokerage fees are charged through an online broker (except for eToro where they are offered). By going through a traditional broker, other fees are commonly applied (custody fees and ancillary fees).

Are Forex trading apps suitable for beginners?

Online Forex trading apps can be quite suitable for novice traders. Indeed, a lot of information is made available to users. Depending on the platform chosen, it is sometimes possible to access online training.

What is the minimum age to trade with a trading application?

The minimum age required to open an account on a trading application is 18 years old.

What is the minimum deposit amount on a trading application?

There is no rule regarding the minimum deposit amount. It is defined by each trading application.

Do I have to pay taxes on trades made through an iOs or Android trading app?

The trades carried out via a trading application are subject to the same rules as the trades carried out with a traditional broker. You are subject to applicable and applicable taxes in your country.

Can I get my tax statement using a Forex trading app?

It is possible to get a trading account statement to help you with your tax return. To do this, you must follow the procedure for the chosen application.

Why does my account need to be verified?

Accounts created through online trading applications must be verified in order to comply with applicable financial services regulations. This information remains confidential.

How can I contact customer service for my trading application?

Depending on the application used, different means of contacting customer support are available: phone, email, live chat or contact form.

What is the best app for forex trading?

There are many trading applications and they all offer different features. One of the best trading platforms for its reliability, ease of use and low fees is the eToro app.

Are trading apps suitable for beginners?

Trading applications can be adapted for novice traders. However, you have to find the best trading platform for beginners, because not all mobile applications for trading are ideal for beginners. The eToro app can be a good choice for a novice trader.

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