The Best Forex Trading Apps in South Africa are revealed for South African forex traders. We tested 150+ Forex mobile apps!
In this comprehensive guide, you’ll discover:
The top free forex trading apps for iOS, Android, and Huawei—perfect for beginners.
Our most recommended forex and stock trading app, backed by over 1,000 customer reviews.
The best low-spread trading apps tailored for beginner traders in South Africa.
The forex trading app that was rated #1 in 2025.
The leading beginner-friendly trading app in South Africa right now.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Top Forex Trading Apps in South Africa (2025*)
| 💱Free Forex Trading App | 📊 Open an Account | 📱Android App | 📈 IOS App | 🎓 Notable App Feature |
| 💻MetaTrader 4 | 👉Open Account | Yes | Yes | Its extensive customization options. |
| 💻MetaTrader 5 | 👉Open Account | Yes | Yes | Its depth of market (DOM) window. |
| 💻AvaTradeGO | 👉Open Account | Yes | Yes | Price alerts and real-time market quotes. |
| 💻Plus500 | 👉Open Account (CFD Service. Your capital is at risk) | Yes | Yes | Its user-friendly interface. |
| 💻HFM MetaTrader | 👉Open Account | Yes | Yes | Advanced charting tools. |
| 💻Tickmill MT4 | 👉Open Account | Yes | Yes | Known for its low spreads and fast execution speeds. |
| 💻Exness MT5 | 👉Open Account | Yes | Yes | Expert Advisors and one-click Trading. |
| 💻XM Trading | 👉Open Account | Yes | Yes | Wide Range of Financial Instruments. |
| 💻OctaTrader | 👉Open Account | Yes | Yes | Its social trading functionality. |
| 💻JustMarkets Trading | 👉Open Account | Yes | Yes | Commitment to providing a user-friendly trading Environment. |
What are Forex Trading Apps?
Applications for foreign exchange trading appear as mobile software and computer software that enable people to perform transactions while watching foreign currencies on portable devices or desktop devices.
Using these apps allows traders to access the worldwide currency market in which they bet on currency pair price fluctuations between EUR/USD and GBP/JPY, along with many other such pairs.
| 📱 App Name | 🚀 Special Feature | 🌍 Availability |
| 1️⃣MetaTrader 4 | 🎯 Precision Trading & Custom Indicators | 🌍 Global |
| 2️⃣MetaTrader 5 | 🛠️ Advanced Tools & Multi-Asset Trading | 🌍 Global |
| 3️⃣AvaTradeGO | 🧭 Guided Trading for Beginners | 🌍 Global |
| 4️⃣Plus500 | 🧩 Easy Interface for CFD Trading | 🌍 South Africa & Global |
| 5️⃣HFM MetaTrader | 🎓 Education-Focused Trading Experience | 🌍 South Africa & Global |
| 6️⃣Tickmill MT4 | 🏹 Ultra-Fast Execution | 🌍 South Africa & Global |
| 7️⃣Exness MT5 | 🏆 Low Spreads & High Leverage | 🌍 South Africa & Global |
| 8️⃣XM Trading | 🌟 Free VPS + Loyalty Programs | 🌍 Global |
| 9️⃣OctaTrader | 🧪 Innovative In-App Tools | 🌍 South Africa & Global |
| 🔟JustMarkets | 💡 Multiple Account Types & Promotions | 🌍 South Africa & Global |
10 Best Forex Trading Apps in South Africa
- ☑️ MetaTrader 4 (MT4) – Overall, the most popular Forex trading app.
- ☑️ MetaTrader 5 (MT5) – Gaining popularity due to advanced features.
- ☑️ AvaTradeGo App – Offers social trading features.
- ☑️ Plus500 – Offers CFD trading on various assets.
- ☑️ HFM MetaTrader – Competitive spreads.
- ☑️ Tickmill MT4 – Low fees, regulated broker.
- ☑️ Exness MT5 – A wider range of financial instruments.
- ☑️ XM Trading App – User-friendly interface.
- ☑️ OctaTrader App – Proprietary trading platform.
- ☑️ JustMarkets Trading – Offers MT4 and MT5 platforms.
1. MetaTrader4 App
MetaTrader 4 (MT4) is generally considered the most popular Forex trading app, especially among experienced traders.
Its widespread use has created a large community of traders and developers, leading to a vast ecosystem of indicators, expert advisors, and other resources.
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Price, Time, Symbol |
| 👀Watchlists - Total Fields | Unlimited |
| ☑️Watchlist Syncing | Yes |
| 📚Charting - Indicators / Studies (Total) | 30+ |
| ✏️Charting - Drawing Tools (Total) | 30+ |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| MT4 is one of the most widely used trading platforms, | MT4 is a relatively older platform compared to newer options |
| Traders can personalize the platform | Extensive features and customization options. |
| MT4 offers a vast library of technical indicators and charting tools | Limited range of financial instruments |
| Traders can automate their trading strategies using EAs. |
Our Findings
MetaTrader 4 (MT4) remains a popular trading platform, offering a robust set of features for both beginners and experienced traders.
While its interface might seem slightly dated compared to newer platforms, its extensive customization options, large community, and reliable performance make it a strong contender.
2. MetaTrader5 App
The MetaTrader 5 system comes with additional functionalities as compared to MetaTrader 4.
The additional functionalities include improved charting tools, a bigger selection of instruments, and more complex order types.
Even though more and more users are shifting towards MT5, it still does not have the same reach as the earlier MT4 version.
On the other hand, its enhanced functionalities make it an ideal platform for traders where advanced tools are a necessity.
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Price, Time, Symbol |
| 👀Watchlists - Total Fields | Unlimited |
| ☑️Watchlist Syncing | Yes |
| 📚Charting - Indicators / Studies (Total) | 80+ |
| ✏️Charting - Drawing Tools (Total) | 40+ |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| MT5 offers a more advanced feature set compared to MT4, including improved charting tools, a wider range of financial instruments, and more sophisticated order types. | Due to its advanced features, MT5 can have a steeper learning curve compared to MT4. |
| MT5 provides a DOM feature, which is crucial for traders who want to analyze market liquidity and depth. | MT5 is not as widely adopted as MT4, which might limit the availability of third-party tools and resources. |
| MT5 has a built-in economic calendar that helps traders stay informed about upcoming economic events. | Some EAs and custom indicators designed for MT4 might not be compatible with MT5. |
Our Findings
MetaTrader 5 is indeed a high-capacity trading terminal that comes bundled with many advanced functions.
Nevertheless, you should also evaluate your requirements and preferences, as well as your willingness to use more sophisticated trading platforms, before deciding whether MT5 is for you or not.
3. AvaTradeGo App
AvaTrade is one of the most respected, oldest, and largest online brokerages in the world.
The company has won numerous awards for “Best Customer Support”, “Best Alert System”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker YEAR”.
Their AvaTradeGO app allows you to do social trading by following the best traders worldwide.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Price, Time, Symbol |
| 👀Watchlists - Total Fields | Unlimited |
| ☑️Watchlist Syncing | Yes |
| 📚Charting - Indicators / Studies (Total) | 100+ |
| ✏️Charting - Drawing Tools (Total) | 30+ |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Quick and Easy to get set up and start trading | Only CFDs, Forex, and Crypto offered |
| Free deposit and withdrawal options | No split-screen mode |
| No withdrawals fees | Technical Analysis is difficult on mobile |
| Competitive Forex fees | Administration fee |
Our Findings
AvaTradeGo is a trading application designed for mobile devices. It has a simple, yet effective user interface for trading various products such as currencies, stocks, and commodities.
Furthermore, it provides real-time quotes, sophisticated charts, as well as learning materials. Additionally, AvaTradeGo can be downloaded on both Android and Apple’s iOS operating system, making it easy to trade while in transit.
4. Plus500
Plus500 is a primary online trading portal providing a variety of products such as foreign exchange, shares, commodities, indices, options, and other instruments in the form of CFDs.
It has simple interfaces and advanced trading features that enable the Plus500 users to place orders on the international market.
Min Deposit
USD 100
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Platform
WebTrader
Crypto
Yes (Availability subject to regulations)
Total Pairs
70+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Yes |
| 👀Watchlists - Total Fields | 10 |
| ☑️Watchlist Syncing | Yes |
| 📚Charting - Indicators / Studies (Total) | 100+ |
| ✏️Charting - Drawing Tools (Total) | 10+ |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Easy to navigate and understand, even for beginners. | Compared to some other brokers, Plus500 may have higher spreads, which can affect profitability. |
| Offers trading on forex, shares, commodities, indices, and options. | Some users have reported difficulties in contacting customer support. |
| Includes charting, technical analysis indicators, and economic calendar. | Trading CFDs carries a high risk of losing money, and it's important to understand the risks involved before trading. |
| Enables users to follow and copy the trades of successful traders. | Plus500 has faced regulatory scrutiny in some jurisdictions. |
Our Findings
As per the evaluation of the Plus500 App, it boasts an easy-to-navigate interface, many financial instruments, and advanced trading features.
On the other hand, possible disadvantages include higher spreads than a few of its rivals and insufficient customer support.
5. HFM MetaTrader
Accessing and operating your HFM account has been made easier by introducing a mobile application called the HFM App.
As the name suggests, it is a user-friendly application to check your account balances, view transaction reports, make fund transfers, find out where the nearest ATMs are, or even report the loss of a card, among other things.
Moreover, the app is meant to improve the overall banking experience; there is speed and convenience without compromising on safety.
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Yes |
| 👀Watchlists - Total Fields | 20 |
| ☑️Watchlist Syncing | Yes |
| 📚Charting - Indicators / Studies (Total) | 100 |
| ✏️Charting - Drawing Tools (Total) | 15 |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Easily access your account from anywhere at any time. | While the app offers essential banking functions, it may not have all the advanced features available through online banking. |
| Enhanced security features to protect your personal and financial information. | Requires a stable internet connection to function properly. |
| Quickly perform various banking tasks, such as checking balances, transferring funds, and locating ATMs. | Like any mobile app, it may encounter occasional glitches or bugs. |
| Intuitive design for easy navigation and use. | While the app has security measures in place, there is always a risk of unauthorized access or data breaches. |
Our Findings
The HFM App provides a full range of functionality for users on both Android and iOS.
It allows users to easily handle their accounts, build watch lists, and employ sophisticated charting tools.
There is also a mobile economic calendar, which is essential for any market participant.
6. Tickmill MT4
Tickmill MetaTrader4 is one of the most well-known trading terminals. It has advanced charting capabilities, technical analysis indicators, and an adjustable user interface.
It also offers a variety of financial instruments, such as currencies, commodities, and indices.
This makes it possible for traders to place orders, manage risks, and analyze market trends.
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5, Tickmill Trader
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Order execution, price alerts, news alerts |
| 👀Watchlists - Total Fields | Symbol, bid, ask, last, change, % change |
| ☑️Watchlist Syncing | Across devices (desktop, mobile) |
| 📚Charting - Indicators / Studies (Total) | Over 30 |
| ✏️Charting - Drawing Tools (Total) | Over 10 |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| MT4 is a well-established and reliable platform, offering a wide range of trading tools and features. | While MT4 is functional, its interface can feel dated compared to newer platforms. |
| MT4 provides customizable charts with various indicators and drawing tools, allowing for in-depth technical analysis. | Customization options may be more limited than some newer platforms, especially for those seeking highly personalized trading environments. |
| Traders can access a diverse range of financial instruments, including forex, commodities, and indices. | Mobile trading can sometimes experience latency or delays, especially in areas with poor network connectivity. Steeper Learning Curve: MT4 can have a steeper learning curve compared to simpler platforms, especially for beginners. |
| The MT4 app enables traders to trade from anywhere, anytime, providing flexibility and convenience. | While MT4 offers many features, it may not have all the advanced tools and features found in some newer platforms, such as algorithmic trading or social trading. |
Our Findings
Tickmill MetaTrader4 is a solid trading application replete with several advanced charting techniques, various financial assets, and the ability to trade on the go.
Nevertheless, the platform’s aged interface and the chances of performance delay might be a downside to some traders.
7. Exness MT5
The Exness MetaTrader 5 application is an effective mobile trading solution that opens the financial markets to traders from any location.
With its intuitive design and complex functionality, you can trade various instruments, including currencies, commodities, and shares.
This app also offers live prices, graphs, and other resources, enabling you to trade wisely.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Yes |
| 👀Watchlists - Total Fields | Up to 100 |
| ☑️Watchlist Syncing | Yes |
| 📚Charting - Indicators / Studies (Total) | Over 80 |
| ✏️Charting - Drawing Tools (Total) | Over 40 |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MT5 offers a comprehensive suite of tools for trading various financial instruments. | The platform can be complex for beginners, requiring time to master its features. |
| Benefit from a wide range of indicators, drawing tools, and charting capabilities. | MT5 can be demanding on older devices or slower internet connections. |
| Tailor the platform to your preferences for a more efficient trading experience. | In periods of high market volatility or network congestion, you may experience delays in executing trades |
| Stay informed about upcoming economic events that can impact market movements. | The advanced features of MT5 may be overkill for less experienced traders. |
Our Findings
Exness MetaTrader 5 is not just a trading platform. It is sophisticated software loaded with various functionalities, such as high-end technical analysis, graphical representations of data, and the ability to trade on the go.
Due to its complexity, beginners with little or no experience may find it hard to use.
8. XM Trading App
XM Group is considered one of the market brokers with the most extensive experience and in-depth knowledge of the global financial market.
XM Group is a good broker, and for beginners, vast quantities of educational material, market analysis, webinars, and seminars are held worldwide.
XM is also known to offer the best Forex platforms and mobile trading.
With XM, you can trade via mobile using their integration to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), enabling clients to trade 1000 instruments through one login. You can trade Forex and CFDs on shares, futures, indices, metals, and energies.
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Yes |
| 👀Watchlists - Total Fields | Yes |
| ☑️Watchlist Syncing | Yes |
| 📚Charting - Indicators / Studies (Total) | 50+ |
| ✏️Charting - Drawing Tools (Total) | 20+ |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| XM's app is designed to be intuitive, making it easy for both beginner and experienced traders to navigate. | The spreads offered on certain account types, such as the Micro and Standard accounts, might be higher compared to other brokers. |
| The app offers a diverse selection of assets, including forex pairs, commodities, indices, and stocks. | While the app provides some research tools, it may not offer the same depth and breadth of analysis as some competitors. |
| XM provides competitive spreads, leverage options, and low minimum deposit requirements. | The negative balance protection feature may have certain limitations or restrictions in place. |
| The app features a robust charting package with various indicators, drawing tools, and timeframes. | MT5 mobile platform is a bit buggy compared to MT4 |
Our Findings
Nevertheless, it is prudent to evaluate the cons, such as the higher spread on some account types, before arriving at a conclusion.
9. Octa Trading App
Octa offers both a mobile app for Forex trading and a social copy trading App. For the purposes of this article, we will be focusing on the Forex trading app.
The Octa Trading App is a full trading account with excellent tools to manage your Octa personal profiles, control real, demo, and contest accounts, and manage deposits.
In addition to controlling your trading accounts and monitoring balance statistics, the Octa app has added integrations with trading platforms so you can start trading quickly and easily.
Choose an account, choose the trading application, and access it via Octa Trading App Accounts.
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA and FSC
Trading Platform
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Price, Volume, Time |
| 👀Watchlists - Total Fields | Symbol, Name, Price, Change, % Change |
| ☑️Watchlist Syncing | Indicators / Studies (Total): 50+ |
| 📚Charting - Indicators / Studies (Total) | 50+ |
| ✏️Charting - Drawing Tools (Total) | 10+ |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Octa often offers tight spreads, which can be beneficial for traders seeking to minimize transaction costs. | Some users may find the research tools available on the Octa app to be less comprehensive compared to other platforms. |
| The app typically provides access to a diverse range of tradable assets, including forex, commodities, indices, and stocks. | While Octa generally provides customer support, some users have reported varying levels of responsiveness or quality of service. |
| Octa's platform is generally designed to be intuitive, making it easier for both beginners and experienced traders to navigate. | Like any software, the Octa app may occasionally experience technical glitches or downtime. |
| Many trading apps, including Octa, offer educational materials like tutorials, webinars, and market analysis to help users improve their trading skills. | Trading financial instruments carries inherent risks, and there's no guarantee of profits. It's essential to understand the risks involved and manage your investments accordingly. |
Our Findings
The Octa Trading App is an impressive option for traders looking for a simple interface, low trading costs, and many available assets.
Nevertheless, personal requirements should always be considered, and an extensive investigation should be performed beforehand.
10. JustMarkets Trading
JustMarkets is a popular online trading platform offering various financial instruments, including forex, commodities, indices, and stocks.
Known for its competitive spreads and user-friendly interface, JustMarkets caters to beginner and experienced traders.
With features like advanced charting tools, educational resources, and 24/7 customer support, JustMarkets aims to provide a comprehensive trading experience.
Min Deposit
USD 10
Regulators
FSA, CySEC, FSCA, FSC
Trading Platform
MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)
Crypto
No
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 📱Feature | ✅Availability |
| 🤖Android App | Yes |
| 🍎Apple iOS App | Yes |
| 🚨Mobile Alerts - Basic Fields | Price, Volume, Time |
| 👀Watchlists - Total Fields | Symbol, Name, Price, Change, % Change |
| ☑️Watchlist Syncing | Yes |
| 📚Charting - Indicators / Studies (Total) | 50+ |
| ✏️Charting - Drawing Tools (Total) | 10+ |
| ⚞Mobile Charting - Draw Trendlines | Yes |
| 📈Mobile Charting - Multiple Time Frames | Yes |
| 📅Mobile Economic Calendar | Yes |
| 👉Open an account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| The app typically provides access to a diverse range of tradable assets, including forex, commodities, indices, and stocks. | Some users may find the research tools available on the JustMarkets app to be less comprehensive compared to other platforms. |
| JustMarkets' platform is generally designed to be intuitive, making it easier for both beginners and experienced traders to navigate. | While JustMarkets generally provides customer support, some users have reported varying levels of responsiveness or quality of service. |
| Many trading apps, including JustMarkets, offer educational materials like tutorials, webinars, and market analysis to help users improve their trading skills. | Technical Issues: Like any software, the JustMarkets app may occasionally experience technical glitches or downtime. |
| The ability to trade on-the-go through a mobile app is a significant advantage for many traders. | Trading financial instruments carries inherent risks, and there's no guarantee of profits. It's essential to understand the risks involved and manage your investments accordingly. |
Our Findings
JustMarkets Trading App seems to be a great option for traders looking for an easy place to trade with reasonably low spreads and more instruments.
However, it is worth noting that one’s personal preferences should be taken into account and research carried out before reaching a final verdict.
Other Remarkable Trading Apps
IQ Option
IQ Option is one of the most famous trading applications that allows customers without any experience and financial specialists on Forex and CFDs to trade using Stocks, Forex, cryptocurrencies, and many more.
The app also includes technical charting features, analytics, and real-time data for driving accurate trading information.
Due to the low minimum deposit, having a free demo account, and a trading academy, it targets all categories of traders.
It is also famous for efficient and friendly customer support, fast withdrawals of money, and a secure trading platform that fits mobile trading.
Pros and Cons
| ✅ Pros | ❌ Cons |
| The app is designed with an intuitive layout, making it easy for both beginners and experienced traders to navigate. | While IQ Option is regulated in Cyprus, it may not be regulated in other countries, which could be a concern for some traders. |
| IQ Option offers a variety of trading instruments, including Forex, stocks, commodities, cryptocurrencies, and ETFs, allowing traders to diversify their portfolios. | The app charges withdrawal fees depending on the payment method, which can reduce overall profits. |
| The platform provides a free demo account with virtual funds, enabling users to practice trading strategies without financial risk. | Some users have reported slow response times from customer support, which can be frustrating if issues arise. |
| The app includes a range of technical analysis tools and indicators, helping traders to make informed decisions. | Trading, especially in leveraged products, carries significant risks. New traders may find it challenging to manage their investments properly. |
BROKSTOCK
BROKSTOCK trading app is a simple application for trading stock and cryptocurrencies for Novice investors and experienced traders.
It has a highly intuitive design and solid functionalities, with the possibility of using tools and trading with various stocks, ETFs, and several cryptocurrencies.
About BROKSTOCK Brokstock delivers real-time market data, charting capabilities, and user watch lists for effective trading.
Also, for knowledge and skill trading, the app supports education resources for ease of trading and good practices.
Even though it aims to provide a smooth trading platform, one should look at its fees and regulatory compliance level.
Pros and Cons
| ✅ Pros | ❌ Cons |
| The app is designed to be intuitive, making it accessible for both beginners and experienced traders. | Some users may experience limited customer support options, such as slow response times or restricted contact methods. |
| BROKSTOCK offers a diverse selection of assets, including stocks, ETFs, and cryptocurrencies, allowing users to build a varied portfolio. | There could be withdrawal fees or conditions that might affect the overall cost of trading. |
| Users have access to real-time market data, which is crucial for making informed trading decisions. | While the app is user-friendly, some advanced features may have a learning curve for new traders. |
| The app may provide educational materials and tools, helping traders improve their knowledge and skills. | Like many trading apps, there may be occasional technical issues or glitches that can disrupt trading. |
easyMarkets
easyMarkets Forex trading app provides a very intuitive interface suitable for traders of every level.
The app lets you trade Forex, commodities, and indices with some gorgeous features, such as dealCancellation, which permits users to reverse losing trades within a specified time frame.
The platform also provides hourly market analysis, training materials, and risk management tools, making it ideal for both novice and experienced traders.
It is through this simple interface and transparent approach that easyMarkets offers a great mobile experience.
Pros and Cons
| ✅ Pros | ❌ Cons |
| The app is designed with simplicity in mind, making it easy for both beginners and experienced traders to navigate. | The app may lack some advanced trading features and tools that experienced traders might expect, such as sophisticated charting options. |
| easyMarkets offers a wide range of trading instruments, including Forex, commodities, indices, and cryptocurrencies, allowing users to diversify their portfolios. | Users may incur fees when withdrawing funds, which can reduce overall profitability, especially for smaller accounts. |
| The app includes useful risk management tools, such as guaranteed stop-loss orders, which help traders manage their risk effectively. | The app offers fewer payment methods compared to some competitors, which might be inconvenient for some users. |
| Users have access to real-time quotes, charts, and news updates, enabling them to make informed trading decisions. | easyMarkets may not be available in all countries, limiting access for some potential users. |
Key Features of Forex Trading Apps:
| 📱 Feature | 📝 Description |
| 💹 Live Charts | Real-time price movements with interactive candlestick, bar, or line charts. |
| 📈 Technical Indicators | Tools like RSI, MACD, Moving Averages to analyze price trends and patterns. |
| 🔔 Price Alerts | Notifications when specific price levels are reached. |
| 🛠️ Trade Execution | Buy/sell currencies instantly or with pending orders directly from the app. |
| 🧮 Leverage & Margin | Access leveraged positions to control larger trades with less capital. |
| 🔒 Secure Login | Encryption, 2FA (two-factor authentication), and biometric access for security. |
| 💬 Market News | Live financial news, economic calendars, and updates relevant to Forex markets. |
Popular Forex Trading Apps:
- MetaTrader 4 (MT4) – Simple and widely used for beginners and pros.
- MetaTrader 5 (MT5) – Enhanced version with more tools and assets.
- AvaTradeGO, XM, Exness, HFM apps – Branded apps offering integration with MT4/MT5 and unique features.
How to buy Shares on your Mobile
Purchasing shares from your phone is quite easy, provided you use the right apps. Here’s how:
- Choose a Trading App: Choose the best app depending on where you live or your preferred trading platform.
- Open an Account: Create an account and go through the verification process, where users need to submit their personal information and ID.
- Fund Your Account: Transfer money into the account of your choice by choosing your most convenient payment option, like bank transfer or credit card.
- Search for Shares: Search for the stock you want in the app so that you can start trading.
- Place an Order: Market Order: Purchase shares at the current price right now or straight away.
- Limit Order: Choose a particular price you wish to invest in.
- Confirm Purchase: You will be able to view the details of your order and place it.
- Track Your Investment: In terms of your shares, you will have to track them under the portfolio option in the application.
| 📱 Broker App | 📊 Open an Account | 🛒 How to Buy Shares on Your Mobile |
| 1️⃣MetaTrader 4 | 👉Open Account | 1. Choose MT4 app → 2. Open an account → 3. Fund it → 4. Search shares (CFDs) → 5. Place a Market/Limit Order → 6. Confirm → 7. Track under "Trade" tab |
| 2️⃣MetaTrader 5 | 👉Open Account | 1. Download MT5 → 2. Register & verify → 3. Deposit funds → 4. Find the stock (under symbols) → 5. Choose order type → 6. Execute → 7. Monitor in portfolio |
| 3️⃣AvaTradeGO | 👉Open Account | 1. Install AvaTradeGO → 2. Quick sign-up → 3. Fund via bank card/e-wallet → 4. Search your share → 5. Tap Buy (Market/Limit) → 6. Confirm trade → 7. View progress in dashboard |
| 4️⃣Plus500 | 👉Open Account (CFD Service. Your capital is at risk) | 1. Download Plus500 app → 2. Create & verify account → 3. Deposit → 4. Search shares in search bar → 5. Select Buy order → 6. Confirm → 7. Manage under "Positions" |
| 5️⃣HFM MetaTrader | 👉Open Account | 1. Download HFM MetaTrader → 2. Register → 3. Fund your account → 4. Search for stock CFDs → 5. Place Market/Limit Order → 6. Confirm → 7. Monitor through app portfolio |
| 6️⃣Tickmill MT4 | 👉Open Account | 1. Install Tickmill MT4 → 2. Open account → 3. Fund via bank/wallet → 4. Search for shares (in CFDs) → 5. Set order type → 6. Execute → 7. View investments under Trade tab |
| 7️⃣Exness MT5 | 👉Open Account | 1. Download Exness MT5 → 2. Sign up → 3. Add funds → 4. Search share CFDs → 5. Place order (Market/Limit) → 6. Confirm → 7. Track inside portfolio |
| 8️⃣XM Trading | 👉Open Account | 1. Download XM app → 2. Register & verify → 3. Fund via local bank/card → 4. Search for the stock symbol → 5. Choose order → 6. Confirm order → 7. Monitor investments |
| 9️⃣OctaTrader | 👉Open Account | 1. Install OctaTrader app → 2. Quick sign-up → 3. Deposit → 4. Search shares → 5. Tap to place Market or Limit order → 6. Confirm → 7. Track in portfolio tab |
| 🔟JustMarkets | 👉Open Account | 1. Download JustMarkets → 2. Register account → 3. Fund it → 4. Search available shares → 5. Execute order → 6. Confirm → 7. Monitor share price movements |
Conclusion
The world of online trading has seen a surge in popularity, with a plethora of mobile apps offering a variety of features and functionalities.
While the “best” trading app ultimately depends on individual preferences and trading styles.
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Frequently Asked Questions
What is a Forex trading app?
A Forex trading app is a mini version of a full-fledged trading platform on your smartphone.
Which app is the best for forex trading in South Africa?
The Best Free Forex Trading app will depend on the users themselves. The list of the best forex trading apps in South Africa may help narrow down the choices.
Can Forex be traded on smartphones?
Yes, absolutely. It allows you to trade around your hectic schedule. It would be best if you had your smartphone or tablet and a stable internet connection. AvaTrade is currently one of the top forex trading apps in South Africa. Only trade with reputable forex trading apps*
Are there any extra costs involved in trading forex on a smartphone?
Apps to trade forex in South Africa are available at no extra cost.
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