10 Best Forex Trading Apps in South Africa 2024 (2024)

FP Markets – Best Forex Trading App

FP Markets is a leading ASIC-regulated STP broker, providing tight spreads on their RAW Account and the choice of MT4, MT5, cTrader and TradingView trading platforms. The FP Markets Trading App is a proprietary mobile trading platform incorporating the best of these desktop platforms in an easy-to-use and intuitive trading experience. The feature-packed trading app is available on all iOS and Android devices.

Use the FP Markets Trading App to CFDs across shares, indices, commodities, futures, cryptocurrencies, and 60+ currency pairs. One-click trading is available in-app, alongside advanced market analysis using charting tools and a range of technical indicators. The app is fully customisable to suit the preferences of all experience levels of traders.

Accepts South African Clients. Average spread EUR/USD 0 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5, cTrader & IRESS platforms supported. FP Markets is regulated by the FSCA, CySEC, and ASIC.

Octa – Best Copy Trading App

Octa is a well-regulated broker that supports three platforms (MT4, MT5, and Octatrader) across all mobile devices and is known for its range of bonus options. In addition to supporting the major platform’s trading apps, Octa also provides its own easy-to-use Octa Copytrading App for iOS and Android devices.

The Octa Copytrading app allows clients to choose from a list of Master Traders to compare their gain, number of followers, and commission amount and start copying their trades automatically. The app provides detailed statistics on trading performance: profit amounts, floating profit, equity, percentage gain, and a breakdown of investment success with every Master Trader. Notably, users can also stop copying trades manually at any time. The app also has a range of bonuses and promotions, such as a 50% first deposit booster and prize draws.

Accepts South African Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4 & MT5 platforms supported. Octa is regulated by CySEC and SVG FSA.

AvaTrade – Best Trading App for Risk Management

AvaTrade’s flagship mobile app, AvaTradeGo, has an excellent dashboard with easy trade management tools, clear charts, and a Market Trends feature to monitor trading trends within the AvaTrade community. It also features AvaTrade’s AvaProtect tool, which provides loss protection for a limited time: Any losses are fully refunded, but any gains are the traders to keep. AvaTrade’s fees are some of the lowest for an account with a 1900 ZAR minimum deposit – as low as 0.90 pips on the EUR/USD.

AVATRADEGO FEATURES

• Choose from over 1,000 instruments to trade, including Forex pairs, Commodities, Stocks, Cryptocurrencies and more
• Market Trends: Monitor social trends, see what other traders buy and sell, and stay on top of your trades
• Secure deposits, FSCA-regulated and 24/5 Customer Support

Accepts South African Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA.

Pepperstone – Best Mobile Apps for EAs and Scalpers

A world-renowned broker, Pepperstone offers mobile support, strong regulation and two simple accounts with ECN execution. Most orders are executed in less than 30 milliseconds, which is ideal for scalpers and clients who run expert advisors. The Standard Account is commission-free, and spreads on the EUR/USD is starting at 1.00 pips. The Razor Account charges a 7 USD round turn commission, but the average spread on the EUR/USD is 0.10 pips – about as close as traders can get to zero spread as possible.

The Pepperstone trading apps come with live quotes, real-time charts, in-depth news, and analytics. Pepperstone also offers a package of Smart Trader Tools, VPS services, Capitalise.ai, and all users will get access to Autochartist – a powerful pattern recognition plugin that automatically identifies trading opportunities based on price trends.

Accepts South African Clients. Average spread EUR/USD 1.00 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4, MT5, cTrader & TradingView platforms supported. Pepperstone is regulated by the FCA, ASIC, CySEC, SCB, CMA, BaFin and the DFSA.

XM – Fastest Execution Speed

XM is a well-regulated broker supporting MT4 and MT5 native XM apps with three account types: A Micro Account, Standard Account and a commission-based XM Zero Account with super-tight spreads. Each account offers tight spreads, with the EUR/USD starting at 1.6 pips on the Micro and Standard Account. The XM Zero Account has spreads down to 0.1 pips with a commission of 7 USD round trip. For beginners, education and research are some of the best globally.

XM APP FEATURES

• Both MT4 and MT5 trading platforms are available as apps
• Trade on Forex, stock CFDs, commodities, shares, precious metals and energies
• 99% of trades are executed in less than a second with a 100% execution rate. No re-quotes or rejections of orders.

Accepts South African Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the Belize FSC.

FBS – Highest Leverage Mobile Trading

FBS Trader app:FBS is a hybrid STP/ECN broker offering trading on Forex, commodities, cryptocurrencies, metals, and equities on the MT4 and MT5 trading platforms and theFBS Traderapp. The newFBS Traderappoffers an all-in-one multi-asset trading platform for online trading anywhere.

Good Trading Conditions:

Regulated by the FSCA in South Africa, with five different live accounts for all levels of traders, and a minimum deposit of 1 USD on its smallest account, clients have access leverage of up to 3000:1 on most accounts.

FBS TRADER FEATURES

• More than 100 global and local payment methods. Deposit and withdraw at any time, 24/7
• 20% Cashback for every order on trading Forex, stocks, and other assets
• 24/7 chat support and demo trading from inside the app
• Trade over 35 crypto pairs and crypto crosses 24/7

Accepts South African Clients. Average spread EUR/USD 0.80 pips on trading account with lowest minimum deposit. Max leverage 3000:1. Islamic account available. MT4 & MT5 platforms supported. FBS is regulated by CySEC, ASIC, and the FSC.

XTB – Best Regulated Mobile Forex App

xStation Mobile App:XTB has successfully incorporated many of its desktopxStationtrading platform’s features into thexStationmobile app. The transparent charts (also available horizontally) allow clients to track market movements accurately with a smooth and intuitive design.

Highly Regulated:Regulated by the FSCA in South Africa; the FCA in the UK; CySEC, PSEC and CNMV in Europe; and the IFSC in Belize, XTB is one of the best-regulated brokers in the world. XTB offers trading on over 4148 financial assets, including Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies. XTB has relatively low fees compared to many brokers, with no minimum deposit requirement and spreads averaging 0.9 pips (EUR/USD).

XSTATION APP FEATURES

• Access XTB’s award-winning market analysis and market sentiment from inside the app
• Control your take-profit and stop-loss directly on the chart or through the integrated trading calculator
• Filter instrument classes and set favourites with the market analysis dashboard.
• Fully customisable layout. Traders can also choose between light and dark mode, saving battery and keeping clarity.

Accepts South African Clients. Average spread EUR/USD 0.70 pips on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. xStation5 platform supported. XTB Group is regulated by CySEC, FCA, the DFSA, the FSCA, and the IFSC

Eightcap – Apps with Comprehensive Trading Tools

Eightcap offers a standout mobile trading experience, with its app supporting the MT4, MT5, and TradingView platforms. The apps integrate with premium tools, including Capitalise.ai, which allows traders to automate strategies without coding. It also offers Forex VPS services for traders who deposit over 1000 USD, and a unique risk management tool, FlashTrader.

EIGHTCAP APP FEATURES

• MT4, MT5, and TradingView trading platforms are available as apps
• Trade on Forex, 100+ crypto pairs, stock CFDs, commodities, equities, precious metals, energies, and shares
• Secure trading, and regulation from the world’s top authorities, including the FCA, ASIC, CySEC, and the SCB of the Bahamas.

Accepts South African Clients. Average spread EUR/USD 1.00 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & MT5 platforms supported. Eightcap Markets is regulated by ASIC, the SCB, & the VFSC.

HFM (HotForex) – Best App for Forex Analysis

HF App: HFM’s HF App features include in-app fund transfers, advanced charting, and access to HFM’s copy-trading accounts. Other app features include a live rate stream for CFDs on Forex, commodities, stocks and indices, a market news stream and the latest analysis published by the HotForex research team. While you will need the HFM MT4 or MT5 app to trade, the HF App is a fantastic analysis companion for any HFM client.

Trusted FSCA Broker with ZAR accounts: FSCA regulated and with ZAR trading accounts, HFM offers trading on Forex, cryptocurrency, commodities, indices, shares, bonds, and ETFs.

HFM FEATURES

• Micro Account: with a 70 ZAR (5 USD) minimum deposit, fast market execution and spreads starting at 1 pip.
• Analytical tools: Daily Market Analysis from experts, a market sentiment tool, and Trader’s Board – a detailed look at the world’s markets with volume indicators and live charts.
• Trading calculators, an economic calendar, and information on upcoming live webinars with reservation functionality.
• A dedicated section for copy-trading: Monitor the status of investments, allocate funds and manage your portfolio.

Accepts South African Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 2000:1. Islamic account available. MT4 & MT5 platforms supported. HF Markets Group regulated by the FSCA, FCA, FSC, CySEC and the DFSA.

Skilling – Best Trading App for Beginners

Available on both Android and iOS devices, the Skilling Trader app is well-designed. Beginners will find that it is easy to use and includes a Trading Assistant that walks you through the app. The app allows traders to easily transfer, withdraw and deposit funds, search for instruments, and create watchlists. It also has a huge range of technical indicators and charts in multiple time frames. We also enjoyed how easy it was to execute orders, and all of Skilling’s educational materials and market news are available on the app.

SKILLING TRADER FEATURES

• Spreads start at 0.8 pips with no commission
• 100 EUR minimum deposit, Maximum leverage of 500:1
• One Account. Two Platforms: Seamless integration between Skilling Trader and cTrader,
• The choice of two platforms from a single trading account with the same margin, same wallet, and same trading conditions.

Accepts South African Clients. Average spread EUR/USD 0.70 pips on the trading account with lowest minimum deposit. Max leverage 500:1.MT4, Skilling, and cTrader platforms supported. Skilling is regulated by CySEC and the FSA-Seychelles.

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.