We reveal the 5 Best share and stock forex Brokers. We have listed, rated, and reviewed the 5 Best share and stock forex Brokers.
We showcase which Share and Stock forex are currently the most popular in the marketplace.
This is a complete listing of The 5 Best share and stock forex Brokers. In this in-depth write-up, you will learn:
- The best stock broker trading platforms.
- Best stock and share trading brokers on the JSE.
- Best Stock Brokers on the A2X
- Cheapest stock broker in South Africa.
- Best stock brokers with leverage
- The best stock trading app for IOS and Android.
- Stock and forex trading combined
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
Best share and stock trading brokers.
| 🔎 Broker | 💸Minimum Deposit | 👉Open Account | 🛠️Features | 💳Fees |
| 1️⃣ XM | USD 5 / 92 ZAR | 👉 Open Account | Share & stock trading | Low |
| 3️⃣IG | USD 0 / 0 ZAR | 👉 Open Account | Research & charting tools | Competitive |
| 4️⃣AvaTrade | USD 100 / 1841 ZAR | 👉 Open Account | CFD & stock trading | Low to Moderate |
| 5️⃣Saxo Bank | USD 0 USD / 0 ZAR | 👉 Open Account | Advanced features & research | High |
| 6️⃣XTB | USD 0 USD / 0 ZAR | 👉 Open Account | Trading platforms & tools | Low |
Best Share and Stock Forex Brokers – Definition
Financial service providers named Share and Stock Forex Brokers enable traders and investors to purchase and sell publicly listed company stocks and shares together with currency trading activities.
Stockholders access global stock markets through these brokers who also provide trading platforms for equities indices and other financial instruments together with currency pairs.
5 Best Stockbrokers for South African Traders – Quick Overview
- ☑️XM – Best User-Friendly Platform in South Africa.
- ☑️IG – Best tight spreads and fast execution.
- ☑️AvaTrade – Trusted global online forex and CFD trading.
- ☑️Saxo Bank – Cutting-edge investment platform.
- ☑️XTB – Best user-friendly interface in South Africa.
1. XM
XM stands as a respected forex broker who delivers share trading and stock options to allow access to world stock markets.
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
XM operates user-friendly platforms that let traders invest in stocks from major exchanges including NASDAQ and NYSE and additional marketplaces.
The trading platform at XM enables its customers to amplify their profit possibilities through leverage mechanisms as well as charge minimal costs and present competitive trading spreads.
Overview
| Broker | 🥇XM |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | Over 900 |
| 👩💻Amount of active traders | Over 10 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CySEC, ASIC, IFSC, FSCA |
| 🌎Country of regulation | Cyprus (CySEC) |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes (for European clients under CySEC regulation) |
| 🔋Investor Protection Schemes | FSCS (up to £85,000) for UK clients under XM UK (regulated by FCA) |
| Account Types and Features | |
| ➕Accounts | Micro, Standard, XM Zero (all come in MT4 & MT5 versions) |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | USD, EUR, GBP, JPY, etc. |
| 💰Minimum Deposit | From $5 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1 business day (may vary) |
| 🪙Fund Withdrawal Fee | $0 |
| 📊Spreads from | 0 pips |
| 💸Commissions | No commission on trades (except for stock CFDs) |
| 💱Number of base currencies supported | More than 10 (USD, EUR, GBP, AUD, etc.) |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:30 |
| 📏Margin requirements | As low as 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Ultra-fast (average under 1 second) |
| 📆VPS Hosting | Not offered |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000+ |
| 🗠CFD Stock Indices | Major global indices (e.g., S&P 500, FTSE 100) |
| ⚖️CFD Commodities | Popular commodities (e.g., gold, oil, natural gas) |
| 📜CFD Shares | Yes, Shares of listed companies (exact number depends on regulations) |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.), regional options |
| 💵Withdrawal Options | Credit/debit cards (limited to amount deposited with them), bank transfers, electronic wallets (subject to original deposit method), regional options |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4 (MetaTrader 4), MT5 (MetaTrader 5), XM WebTrader |
| 👩💻OS Compatibility | Windows, Mac, Android, iOS |
| 🖥️Forex trading tools | Technical indicators Market analysis tools Auto trading (Expert Advisors - MT4 only) Algorithmic trading (limited - MT5 only) Trading calculators Economic calendar Sentiment analysis (limited) |
| Customer Support | |
| 🗣️Live chat availability | Yes, 24/5 |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | 35725029933 |
| 👾Social media Platforms | Facebook, Twitter, YouTube |
| 🗣️Languages supported on Website | English, Malay, Chinese (Simplified & Traditional), Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish |
| Educational Resources and Support | |
| 🖺Forex course | Yes, XM offers a forex course for beginners. |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes, XM provides a library of educational resources including articles, videos, and glossaries. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly advertised |
| 📋IB Program | Not offered |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
| 🪙Rebate program | May offer occasional rebate promotions, check their website for current offers |
| 👉Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to a wide range of flexible funding methods | US clients are not accepted |
| Supports several trading strategies and styles with innovative technical indicators that can be used | Fixed spreads are not offered |
| Negative balance protection is provided | Inactivity fees are charged |
Our Findings
XM trading platform at XM enables its customers to amplify their profit possibilities through leverage mechanisms as well as charge minimal costs and present competitive trading spreads.
2. IG
IG serves as an established share and stock forex brokerage that delivers a detailed platform to trade among diverse financial instruments from stocks to shares to forex pairs.
The broker IG enables traders to access worldwide stock markets through its NYSE and LSE platforms together with numerous forex currency pairs.
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Recognized for its superior trading tools and thorough market research capabilities IG enhances its trader capabilities.
Shares and stock traders have access to reasonable pricing through this broker while both intense trading participants and passive investors find suitable solutions.
Overview
| 🔎Broker | IG |
| Company Information | |
| 📅Year Founded | 1974 |
| 🧑🏻💻Amount of staff | Over 1,000 |
| 👩💻Amount of active traders | Over 239,000 |
| 🌐Publicly Traded (Listed Company) | Yes, listed on the London Stock Exchange (LSE) |
| Regulation and Security | |
| 🛡️Regulation | Regulated by multiple financial authorities including FCA (UK), ASIC (Australia), and others |
| 🌎Country of regulation | South Africa, United States, UK |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes (under FCA and ASIC regulations) |
| Account Types and Features | |
| ➕Accounts | Institutional and Retail corporate clients |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | USD, EUR, GBP, AUD, CAD, JPY, and others |
| 💰Minimum Deposit | $0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | No |
| 📊Spreads from | 0.6 pips |
| 💸Commissions | Variable |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Yes (varies by account type) |
| 📈Leverage | Up to 200:1 |
| 📏Margin requirements | From 0.5% for forex, 5% for shares and margin factor for indices |
| ☪️Islamic account (swap-free) | No |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | < 1 second |
| 📆VPS Hosting | No |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 16000+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💵Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | IG Trading Platform, MetaTrader 4, |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Trading signals, economic calendar, charting tools |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | [email protected]. |
| 📞Customer Support Contact Number | 010 500 8624 |
| 👾Social media Platforms | Facebook, Twitter, |
| 🗣️Languages supported on Website | English, Spanish, Chinese, and others |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Trading Academy, webinars, market analysis |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not specified |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | No |
| 👉Open Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great Web Platform | Few Products Offered |
| Vast Educational Tools | Phone Support is sub-par |
Our Findings
IG is an excellent choice for those looking to diversify their portfolio by trading both stocks and forex.
3. AvaTrade
AvaTrade functions as a prominent forex and CFD broker which enables investors to access shares as well as stock trading instruments.
The platform interacts easily with traders who can invest across diverse global stocks on the NYSE, NASDAQ, and LSE.
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
AvaTrade enables stock trading through CFDs which allows traders to bet on price changes without getting physical possession of underlying assets.
The broker delivers market-leading spreads combined with different leverage choices and sophisticated trading resources which works well for new traders along with professional market participants.
Overview
| Company Information | |
| 📅Year Founded | 2006 |
| 🧑🏻💻Amount of staff | 614 |
| 👩💻Amount of active traders | 300,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
| 🌎Country of regulation | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch. |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) | * Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) | |
| Account Types and Features | |
| ➕Accounts | Standard Account, Retail Islamic account, Professional account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | AvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts. |
| 📇Minor account currencies | AUD, JPY, GBP, USD, EUR, CHF |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.7 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 400:1 |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes, available upon request |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,250+ |
| 🗠CFD Stock Indices | Major global indices (e.g., US 30, FTSE 100, DAX 30) |
| ⚖️CFD Commodities | Precious metals (gold, silver), Energy (oil, gas), Agricultural (wheat, corn) |
| 📜CFD Shares | Thousands of shares from various global exchanges (US, Europe, Asia) |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Must be sent via the same payment method used for deposit |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading) |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | Online email on website |
| 📞Customer Support Contact Number | +447520644093 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | Over 14 languages, including English, Spanish, French, German, Italian, Arabic, Russian, Portuguese |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 70 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does AvaTrade Accept South African Traders? | Yes, AvaTrade accepts South African traders. |
| Is AvaTrade regulated by the South African regulatory body (FSCA)? | Yes, AvaTrade is regulated by the South African regulatory body, the Financial Sector Conduct Authority (FSCA). |
| Does AvaTrade offer an Affiliate Program for South African Traders? | Yes, AvaTrade offers an Affiliate Program that is likely available to South African traders. |
| Does AvaTrade allow opening trading accounts in ZAR (South African Rand)? | Yes, AvaTrade allows opening trading accounts in ZAR (South African Rand). |
| 👉Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌Cons |
| Wide range of CFDs assets to trade - 1000+ | You can’t buy stock or cryptocurrency |
| Worldwide regulated (mention the regulation if necessay) | Cryptocurrency deposit is not accepted |
| Award winner | Quarterly and annual inactivity fees |
| Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
| Negative balance protection | No bonus for EU based clients |
| 20% welcome bonus | No US clients accepted |
| Education content | Spread is higher then others brokers |
| Beginners, friendly platform (webtrade) | Imitated crypto assets– only the popular ones are offer |
Our Findings
AvaTrade ensures a secure trading environment with strong regulatory oversight and features like negative balance protection.
4. Saxo Bank
Saxo Bank functions as a reputable share and stock forex broker that delivers its customers an extensive trading platform alongside superior research tools combined with worldwide market access.
The platform grants users access to multiple investment options that include stocks ETFs and forex pairs which enables them to pursue portfolio expansion.
Min Deposit
USD 0
Regulators
FCA, FINMA, FSA, ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
160+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
The platform operates through SaxoTraderGO and SaxoTraderPRO professional platforms serving both retail and institutional traders through competitive market prices and broad trading liquidity.
Saxo Bank receives strong recognition for its thorough market research capabilities while offering secure trading environments with transparent prices yet demanding a higher minimum deposit which might be challenging for novice traders.
Overview
| 🔎Broker | 🥇Saxo Bank |
| Company Information | |
| 📅Year Founded | 1992 |
| 🧑🏻💻Amount of staff | 2,500 |
| 👩💻Amount of active traders | 1,200,000+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FCA, Consob, Czech National Bank, Bank of the Netherlands, Monetary Authority of Singapore, FINMA, Bank of France, Central Bank of the UAE, FSA, Securities and Futures Commission of Hong Kong, ASIC |
| 🌎Country of regulation | Denmark, United Kingdom, Singapore, Netherlands, Hong Kong, Australia, UAE, France |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes, Saxo Bank offers negative balance protection. |
| 🔋Investor Protection Schemes | Yes, investor protection is available at Saxo |
| Account Types and Features | |
| ➕Accounts | Saxo Account Joint account Corporate account Professional account Portfolio ased Margin account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | Euro, the British pound or the Japanese yen. |
| 💰Minimum Deposit | $0 USD/ R 0 ZAR |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1 to 2 business days |
| 🪙Fund Withdrawal Fee | $0 |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | 0.10% |
| 💱Number of base currencies supported | 11 Different currencies |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Max 1:3000 |
| 📏Margin requirements | 4% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Ultemately -fast (average under 1 second) |
| 📆VPS Hosting | Not offered |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 8,800+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer , Debit Card |
| 💵Withdrawal Options | Bank Transfer |
| Trading Platforms and Tools | |
| 💻Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 👩💻OS Compatibility | Windows, Mac Web-based, Mobile (iOS & Android) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | No, Ticket support is available |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | tel:+44 (0)207 151 2100 |
| 👾Social media Platforms | Facebook, Twitter, YouTube |
| 🗣️Languages supported on Website | English, Polish, Russian, and more |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes, Saxo Bank provides a variety of educational resources including articles, videos, and glossaries. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly advertised |
| 📋IB Program | Not offered |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
| 🪙Rebate program | Yes, When you trade above the threshold on the eligible products, you will automatically earn cash rebates. |
| South African Trader Specific Information | |
| Does Saxo Bank Accept South African Traders? | Yes, Saxo Bank allows South African residents to open trading accounts. |
| Is Saxo Bank regulated by the South African regulatory body (FSCA)? | No, Saxo Bank itself is not directly regulated by the FSCA |
| Does Saxo Bank offer an Affiliate Program for South African Traders? | Yes, Saxo Bank's affiliate program is available globally, including South Africa. |
| Does Saxo Bank allow opening trading accounts in ZAR (South African Rand)? | No, they don't offer ZAR accounts directly |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platform | High bond, options, and futures fees |
| Outstanding research | High minimum deposit |
| Broad product portfolio | Lacks live chat and 24/7 availability |
Our Findings
Saxo Bank is a top choice for serious investors looking for a premium trading experience with access to global stock and forex markets.
5. XTB
Guest traders consider XTB a top share and stock forex broker because it offers both easy-to-use trading systems and cost-efficient market conditions.
XTB gives traders the ability to access various global markets through its platform including stock funds along with forex commodities and indices.
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The broker provides stock CFD trading at no additional charges combined with low spreads to help traders take advantage of market price actions at reasonable fees.
The broker operates under the regulation of top financial authorities which provides traders with both secure trading conditions and a clear system.
Overview
| Company Information | |
| 📅Year Founded | 2002 |
| 🧑🏻💻Amount of staff | 1,105 |
| 👩💻Amount of active traders | 1,000,000+ |
| 🌐Publicly Traded (Listed Company) | Yes |
| Regulation and Security | |
| 🛡️Regulation | FCA, CySEC, KNF, IFSC, FSCA |
| 🌎Country of regulation | UK |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | No |
| 🔋Investor Protection Schemes | FSCS (Financial Services Compensation Scheme) up to £85,000 per person. |
| Account Types and Features | |
| ➕Accounts | Standard Account (commission-free, floating spreads) |
| 💳Institutional Accounts | Not offered |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | USD, EUR, GBP |
| 💰Minimum Deposit | $0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free above 50 USD |
| 📊Spreads from | 0.5 pips |
| 💸Commissions | Free for CFDs, 0.2% min. 10 EUR for stocks (over 100,000 EUR monthly turnover) |
| 💱Number of base currencies supported | 5 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:500 (depending on instrument) |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1700+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes, Popular commodities (e.g., gold, oil, natural gas) |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc) |
| 💵Withdrawal Options | Bank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | xStation platform, mobile app and MT4 |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | +357 257 25356 |
| 👾Social media Platforms | Facebook, YouTube, Instagram, Twitter |
| 🗣️Languages supported on Website | English, Malay, Portuguese, Swedish, Hungarian, Arabic, Indonesian, Vietnamese, Polish, Spanish |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly known |
| 📋IB Program | Not offered in UK/EU. Affiliate program is offered instead. |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes, commissions are offered through the affiliate program. |
| South African Trader Specific Information | |
| Does XTB Accept South African Traders? | Yes, XTB accepts South African traders. |
| Is XTB regulated by the South African regulatory body (FSCA)? | Yes, They are regulated by the South African Financial Sector Conduct Authority (FSCA) [XTB gains regulatory license in South Africa]. |
| Does XTB offer an Affiliate Program for South African Traders? | Yes, XTB offers an affiliate program, and South African traders can participate. |
| Does XTB allow opening trading accounts in ZAR (South African Rand)? | No |
| 👉Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Strong regulation in multiple regions (e.g., FCA, CySEC) | Not available in the US or Canada |
| Tight spreads and low commission accounts for certain regions | Fees on stock CFDs can be higher compared to some competitors |
| xStation 5 and MetaTrader 4 (MT4) for various trader levels | Fewer account options compared to some brokers |
| Offers comprehensive training materials and market analysis | Does not offer MT5 platform, which some traders may prefer |
| Reliable and fast order execution with no dealing desk intervention | Lacks promotional bonuses or incentives |
| Accessible to beginners as no minimum deposit is required | Charges an inactivity fee after 12 months of no trading activity |
| Offers Forex, commodities, indices, stocks, and cryptocurrency CFDs | Market research tools, though solid, are less comprehensive than some competitors |
| Provides multilingual customer support via live chat, email, and phone | Regulated regions have lower leverage limits, particularly in Europe |
| Ensures that clients cannot lose more than their account balance | Charges fees on withdrawals below a specific threshold |
Our Findings
XTB is an excellent option for both beginner and experienced traders looking to trade shares and forex efficiently.
Best Stock Brokers on the JSE
The Johannesburg Stock Exchange (JSE) is the largest stock exchange in Africa and offers a wide range of investment opportunities. Some of the best stock brokers on the JSE include:
- Standard Bank Webtrader: This online trading platform offers access to the JSE and other global markets, as well as a range of research and analysis tools.
- Investec: Investec offers a range of investment options, including equities on the JSE and other global markets, as well as fixed income, derivatives, and more.
- First National Bank (FNB): FNB offers online trading via its Share Trading platform, which provides access to the JSE and other global markets, as well as a range of investment research and analysis tools.
- Sasfin: Sasfin Securities is a full-service stockbroker, that offers access to the JSE and other global markets, as well as a range of investment research and analysis tools.
- Sanlam iTrade: Sanlam iTrade is an online trading platform that offers access to the JSE and other global markets, as well as a range of research and analysis tools.
Best Stock Brokers on the A2X
The A2X is a South African alternative exchange that aims to provide a more cost-effective and efficient alternative to the Johannesburg Stock Exchange (JSE) for trading listed companies. Some of the best stock brokers on A2X include:
- Standard Bank Webtrader
- Investec
- First National Bank (FNB)
- Sasfin
- Sanlam iTrade
It’s important to note that A2X is a relatively new exchange, therefore the broker’s offerings may be limited and subject to change. It’s recommended to check with the broker for the most up-to-date information on their offerings and fees. And again, it’s always recommended to check the regulatory compliance of the brokerage firm you choose.
Conclusion
Overall, Share and Stock Trading works in a similar way to a marketplace, where parties will negotiate a price at which to exchange an asset.
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