The best stock trading app and making money on the exchange. The best stock trading app allows you to make money on the exchange. To do this, you must have several basic qualities:. Ability to find profitable trading strategies. Ability to resist emotions and act methodically. Experience in the financial market. Desire to learn.
Vestly is an app that simulates stock trading.While the trading is simulated, and it doesn’t cost anything to purchase stock, they offer a variety of real-cash prizes for top performing portfolios at the end of the month. I think there's an added value in that you learn about stock-investing in the the process.

Best trading app in india! Trending app without investment! 2021Guru Tred 7 app link A.

See our comparison of 8 crucial factors including fees, regulations, ease of use, features of the popular forex trading apps for traders in South Africa.

In order to trade forex, you would need access to a trading platform or an app using which you can place & monitor your trades. This trading platform usually also allows you to make informed analysis before entering into trades by viewing charts, news, indicators and other data.

Most forex brokers offer their trading platforms on mobile for both Android & iOS.

7 Best Forex Trading Apps in South Africa for Beginners in 2021

XM Trading App – Best Forex Trading App for PC
Exness MT5 – Best Forex Trading App in South Africa
Tickmill MT4 – Best Forex Trading App for Low fees
FXTM – Well regulated Forex Trading App

Before you start trading currency, you should be aware that large fluctuations can take place in the price of a currency in a very short period of time. Also, the forex market is open 24 hours during weekdays, so you need to be constantly alert to monitor your trades & make informed decisions.

This is where the mobile app by a broker can help.

A good forex trading app will be easy to use, and allow you to have multiple time frames, charting tools, and fast execution. To make this list, we have comprehensively reviewed mobile apps by several brokers that are available in South Africa.

Best Forex Trading Apps for PC, Android & iOS

Below we have compared the regulations, fees, features, trading conditions of each trading app in our list:

1. Hotforex Metatrader – Best Forex Trading App

Trading fees: App is free to download. Spread per trade from 1.2 pips for EUR/USD benchmark with Premium account.
Minimum deposit: $5
Regulation: FSCA (FSP No.46632)
Max. Leverage: 1:1000 (with Micro Account)
Bonus Offer: 100% Deposit Bonus for new accounts ($250+ deposit required)

Ranked #1 Forex Trading App in South Africa

Hotforex’s trading app is available on all devices. We found their app easy to use for charting & managing order

Hotforex is considered to be a safe broker to trade with because it is being regulated by the FSCA (FSP No.46632).

Trading App Features – Hotforex’s trading app is compatible with almost all mobile devices. You can use this app to manage your account through functions like making a deposit, withdrawal, or a transfer.

This app allows you to access analysis features with various types of graphs, timeframes, technical indicators, and the news. You can use their trading calculator to find out risk percentages, position sizers, pivot points, pip values, and so on.

You can use this app to monitor your trades using live quotes on currency, commodities, stocks, and indices. They have a trader’s board where you can get the latest information on currency movers and the volume traded along with live charts on various currency pairs.

Trading Conditions – Hotforex has ZAR trading account option too, so you can have account with Rand as your base currency to enter into trades. You need to make a minimum deposit of $5 to open your account, which is a quite nominal. The trading app & account will allow you to trade in a range of markets like 49 forex currency pairs & 1000+ CFDs on commodities, stock CFDs, metals and energy, indices, cryptocurrencies, and bonds.

Hotforex App Pros

Hotforex offers a large range of instruments in their trading app.
Trading fees for forex is competitive.
Their trading app is available for both iOS & Android for free.
Hotforex is a FSCA regulated forex broker.

Hotforex App Cons

Trading fees for some CFDs is higher than other brokers.

read our Hotforex review for South African traders

2. XM Trading App – Best Forex Trading App for PC

Trading fees: On average 0.8 pip spread for EUR/USD benchmark with Ultra Low account.
Minimum deposit: $5
Regulation: ASIC, CySEC
Max. Leverage: 1:888

Ranked #2 Forex Trading App in South Africa

XM Broker offers Metatrade 4 & MT5 platforms for mobile, web & desktop.

XM Trading is considered a low risk forex broker because they are regulated by 2 Top-tier regulations ASIC & CySEC. Also they are a reputed CFD broker that have been in operation since 2009.

Trading App Fees – The trading fees at XM with Ultra Low account is low compared to most other brokers. For example, the average spread for XAU/USD CFD is 25 pips, which is lower than Exness, Hotforex, FXTM & other brokers. Similarly the typical spread for EUR/USD is 0.8 pips with Ultra Low account, which is highly competitive.

Trading Conditions –XM is a spread only broker, they don’t charge any extra commission on trades. XM have ZAR base currency option with all their 3 trading accounts. They offer 57 currency pairs, and 1000+ CFDs on Stocks, Commodities, Precious metals, Equity Indices & Bonds. But they don’t have Crypto CFDs on their app.

XM Trading App Pros

XM is regulated with ASIC & CySEC.
Low spread with Standard Ultra Low trading account for most CFD instuments.
Availability of ZAR Accounts.
Platform is available on mobile, web & desktop.

XM Trading App Cons

XM Broker is not regulated by FSCA in South Africa.
XM is a market maker forex broker, so there may be a conflict of interest.

read our XM Broker review for South African traders

3. Exness Metatrader 5 App – Best Forex Trading App in South Africa

Trading fees: Depends on Account Type & Instrument On average 1 pip spread for EUR/USD benchmark with Standard account.
Minimum deposit: $1
Regulation: FSCA (FSP No. 51024)
Max. Leverage: 1:2000 (with Standard Account)

Ranked #3 Forex Trading App in South Africa

Exness offer their Metatrader 4 & 5 trading apps for Android, PC & iOS. The webtrader is also available.

Exness is considered a safe CFD & forex broker as they are regulated with FSCA & FCA.

Trading App Features – Exness has low trading fees compared to other forex trading apps. They only charge spread with their Standard account, there is no other commission.

The spread is variable depending on the instrument being traded. For the benchmark, we checked their EURUSD spread, it is on average 1 pip with their Standard account.

Trading Conditions – Exness offers ZAR base currency trading account. They have 107 currency pairs, which is more than most other platforms. And Exness offers trading on 100+ other CFD instruments.

Exness App Pros

Exness is a FSCA regulated forex & CFD broker.
Low trading fees.
Wide number of currency pairs & other CFD trading instruments.
Exness offers ZAR trading account.

Exness App Cons

Exness don’t have a South African phone number for support. They support is not good when compared with other brokers.

read our Exness review for South African traders

4. Tickmill MT4 – Best Forex Trading App for Low fees

Trading fees: From 0 pips benchmark + $4 Commission with Pro account.
Minimum deposit: $1
Regulation: FSCA (FSP No. 49464)
Max. Leverage: 1:500

Ranked #4 Forex Trading App in South Africa

Tickmill only offers MT4 trading platform for web, mobile &

Best Trading App To Earn Money