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Forex trading platforms in South Africa

Forex trading platform is the software acting as the channel for trading information between the trader and the broker. The platform will give you trading information including charts, price quotes for each pair of currency and so on. It will equally provide you with a series of technical indicators that can be of help when developing your trading strategy. Furthermore, the trading platform comes with an interface via which you can enter trading orders, which will then be executed by your selected broker.

The Best Forex trading platforms in South africa

Forex Brokers Minimum Deposit Support Rating Visit Site
hycm South Africa
R 3500
Claim 30% Bonus
97.5%
CLAIM
Most Popular Forex south trading platform
cm trading south Africa
R 4000
Claim $2,000 BONUS!
99.05%
CLAIM
Highly Recommended Forex trading Site South Africa!
markets South Africa
R 4000
Claim 20% Bonus
99.05%
CLAIM
One of the Best Forex Brokers in South Africa
Easymarkets South Africa
R 3500
Claim 40% Bonus
98.11%
CLAIM
Top Forex trading South Africa for Top Currency Trading
iqoptions South Africa
R 1500
91% Profit
98.21%
Try
IQ South Africa
Avatrade South Africa
R 2500
98.21%
Visit
Avatrade South Africa
xm South Africa
R 3000
99.21%
Visit
xm South Africa
Binomo South Africa
R 2000
94.21%
Visit
Binomo South Africa
Forex trading sa

You can install the forex trading platform on your desktop computer, laptop or even mobile device since they now come with a mobile version. You do not always have to download the trading platform before you can start trading Forex since there is also a web-based trading platform that can be used without downloading. Such web-based platforms can run on Java or HTML. Also, many of the trading platforms available today can run on a various computer and mobile operating systems, like Linux, Mac, Windows Android, and iOS.

The options and features you can find on a forex trading platform depend on the broker offering that platform. The trading platforms can work on any computer, provided there is an internet connection. In most cases, trading platforms are available for free. Those brokers that charge fees for their trading platforms also add extra features and functionalities that are not available on the free versions.

forex trading platforms sa

Factors to consider in a trading platform

You should consider the points below before downloading or using a forex trading platform:

  • Is it compatible with an API so that you can also install additional programs or software on the trading platform?
  • Can the GUI (Graphic User Interface) permit the monitoring of multiple data or information at once?
  • Does the GUI look pleasant and professional
  • Does the software give easy access to historical data about each currency pair?
  • Check the order interface and also find out about the types of orders that are available
  • Is it possible to trade from the charts on the platform?
  • Is the trading platform internet-, Mac- or Windows-based? The internet- or web-based trading platform can either use HTML or Java.
  • What are the technical indicators available on the trading platform?
  • Is the platform free to use? Does the broker charge an additional fee for higher grade platforms? What are the extra features available on that paid version?
forex trading brokers

Before choosing a trading platforms, you may also want to consider the reliability of the broker offering that platform. You are better off with a regulated broker than an unregulated one.