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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

Expert option logo

Quotex

4.9
Demo account Yes
Minimum deposit $10
Minimum Deposit: $10
Quotex began providing services to traders in 2014 and currently executes in more than 30 million deals monthly . The brand currently boasts 9 million customer accounts.
Deriv logo

Deriv

4.5
Demo account Yes
Minimum deposit $10
Minimum Deposit: $10
Deriv is an offshore broker offering both binary options and standard forex and CFD trading
Exness

Exness

5
Demo account Yes
Minimum deposit $ 150
Minimum deposit: $ 150
Exness is FSCA & FCA regulated, which are 2 Top Tier regulators, so we consider them to be safe.
IQ Option logo

IQ Option

4.6
Demo account Yes
Minimum deposit $10
Minimum Deposit: $10
IQ Option was first introduced to the binary options traders across the world back in 2013.
Hycm Logo

Hycm

4.6
Demo account Yes
Minimum deposit $100
Minimum deposit: $100
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider
Easy Markets logo

Easy Markets

4.8
Demo account Yes
Minimum deposit $150
Minimum Deposit: $150
Easy Markets is an award-winning forex and CFDs trading platform launched in 2001 as the world’s first web-based trading platform.

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