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Cheapest online trading platform south Africa Compared 2020

cheapest online trading platform south AfricaYou may be looking to trade JSE listed shares directly. one among the simplest ways of doing so is thru a web share trading platform. Online share trading platforms allow you to shop for and sell company shares on your own; all you would like is a lively internet connection!

A very important factor to think about when choosing your platform is that the fees charged by the platform you employ . Share trading comes with variety of fees as considered within the article – the value of shopping for and selling shares. The table below outlines the fees which will be charged by each individual broker.

Trading Platforms Compared 2020

Forex Brokers Minimum Deposit Support Rating Visit Site
1
deriv south Africa
R 100
99.05%
VISIT BROKER
FSCA regulated : Highly Recommended Forex trading Site South Africa!
2
Spectre south Africa
R 2000
98.05%
VISIT BROKER
FSCA regulated : Highly Recommended CFD trading Site South Africa!
3
exness  South Africa
R 200
99.86%
VISIT BROKER
FSA regulatedExness South Africa
4
xm  South Africa
R 500
99.56%
VISIT BROKER
FSA regulatedxm South Africa
5
olymptrade South Africa
R 500
99.21%
VISIT BROKER
FSA regulated:olymptrade.com South Africa
6
cm trading South Africa
R 3800
99.11%
VISIT BROKER
FSCA regulatedcm trading Trusted forex Broker in SA
7
Hycm South Africa
R 1000
99.11%
VISIT BROKER
FSCA regulated:hycm.com for Top Currency Trading in SA
8
fxgmza South Africa
R 3800
99.11%
VISIT BROKER
FSCA regulated:fxgmza for Top Cfd Trading in SA
9
plus500 South Africa
R 1500
99.91%
VISIT BROKER
FSA regulated:plus500 South Africa
10
LegacyFX
R 3500
99.96%
VISIT BROKER
FSA regulatedLegacyFX
11
markets.com South Africa
R 5000
99.86%
VISIT BROKER
FSA regulatedmarkets.com South Africa
12
Axiory South Africa
R 4500
99.96%
VISIT BROKER
FSA regulatedaxiory South Africa
13
Easy Markets
R 3000
99.96%
VISIT BROKER
FSA regulatedEasy Markets South Africa

Important points to note(cheapest online trading platform south Africa):

  • additionally to the fees within the table, additional fees could also be charged once you deposit or withdraw money from your account.
  • Some platforms reduce the brokerage fees if you trade large amounts of cash
  • Some platforms waive the monthly administration fees if you trade frequently
  •  Ned bank charges a quarterly fee rather than a monthly admin fee – we’ve expressed that fee as a monthly fee for comparative purposes.
  • Easy Equities doesn’t charge the traditional Strate Fee but charges an administration and settlement fee of 0.075%.
  • The platforms listed above are those for whom the web trading fees were readily available.
  •  The fees listed above don’t include VAT (Value Added Tax)
  • We don’t guarantee the accuracy of the fees listed here as they might change as and when the platform decides. Do confirm on the platform’s website.

*This Nedbank fee is formed from an R70 online access fee that’s charged if there are not any trades during a given month plus an R150 administration fee that’s charged every three months. The R150 fee charged every three months amounts to R50 per month. Adding the R70 fee to the R50 fee gives the R120 fee stated within the table above.cheapest online trading platform south Africa