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Find the best South African mobile share trading apps (2021)

These share trading apps let you place trades and manage stocks right from your smartphone.

Trade stocks on your mobile Compare brokers

These days you don’t need to be sitting at a desk to buy and sell stocks. Thanks to the rise in share trading apps, you can make trades anywhere there’s an internet connection from the palm of your hand.

Share trading apps allow you to trade shares directly on the JSE and other international markets through your smartphone. It’s worth noting that not all online brokers have a mobile version of their platform and some mobile trading apps don’t offer desktop access. So to make it easier, we’ve sourced a list of mobile stock trading apps available in South Africa in 2021.

The list of apps featured below are the eight most popular share trading apps in terms of daily downloads by South African iPhone users as of March 2, 2021. The list itself was sourced by SensorTower and is not in any particular order.

We’ll take a look at these share trading apps in more detail in this guide.

1. eToro

eToro’s popular trading app is designed for both desktop and mobile (Android and iPhone). It’s well known for its copy trading feature that allows you to imitate the trades of top users or copy a portfolio of stocks selected by eToro.

The platform offers CFDs, forex and cryptocurrency trading.

The pros
  • Low brokerage. There’s foreign exchange fee is among the lowest at 0.5%.
  • More than just shares. Using the same account, you can trade stocks, CFDs, forex and cryptocurrency.
  • Copy trading. You can copy the trades of top eToro traders as well as stock portfolios.
The cons
  • CFDs are risky. To access leverage, you’re trading with CFDs, which are risky and complicated investment products.
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2. Exness Trader

The Exness Trader app is designed for iPhone, iPad and Android users and is optimised for use on smartphones. The trading-specific app allows you to trade shares, stocks, exchange traded funds (ETFs), futures and CFDs.

You can use the app to create watchlists, view live market data, view all your holdings and set up customised alerts.

The pros
  • Low fees. The Exness platform has some of the lowest fees in the industry, with tight spreads and no hidden fees.
  • Trusted broker. Exness has won a number of industry awards for its transparency and customer support.
  • Handy trading tools. In addition to a watchlist, you also get access to candlestick and line charts to analyze market trends and trading signals.
  • You can access live data to make investment decisions. The Exness mobile app allows you to access live quotes, charts, and a built-in economic calendar.
  • Customisable alerts. You can receive alerts for everything from margin calls to trading activity.
The cons
  • Minimum deposit. You can open different types of accounts with Exness, which incur different fees and have different minimum deposit amounts. The Standard Account requires a minimum deposit of $10, while the the Zero, Raw, and Pro accounts require a minimum deposit of $500.

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3. EasyEquities

This trading app offers all the functionality of the EasyEquities full website on your mobile device. You can buy and sell shares, ETFs, RA’s TFSA and Unit Trusts from your mobile. The app gives you access to major trading platforms like the JSE, DOW 30, NASDAQ 100, S&P 100, and also lets you view your current positions and transaction history, access market depth and up-to-date charts, and view your watchlists, portfolios, and personalised reports.

EasyEquities’ mobile platform is available on iPhone and Android devices.

The pros
  • No monthly platform fee. EasyEquities charges no monthly fees and has very low commission fees to trade stocks listed.
  • Easy to use. It’s in the name and in this case it’s not a lie, the app is very user-friendly.
  • Information from the market and experts. EasyEquities provides users with access to an extensive range of useful investment information and FAQs to help you make the right trading decisions.
  • Customise your own watchlists. It’s easy to create and edit watchlists to monitor the performance of stocks.
  • Different order types. You can place buying and selling instructions when the market is closed and set up recurring investments monthly, quarterly or annually.
The cons
  • High volume of options can be overwhelming. The EasyEquities platform is designed for new investors, but the app kind of throws all of the options at you making it overwhelming to choose between all of the options available.

4. MetaTrader 4

MetaTrader 4 offers a suite of trading tools designed to give you a head-start in monitoring and executing timely forex trades. Its interface can be customised to fit your investing needs and it has a built-in programming language to help you develop your own trading robots and technical indicators.

The pros
  • Built-in tools. The MetaTrader 4 app has built-in indicators (both free and paid) to help you analyse markets of varying complexity levels.
  • It uses native designs. You can download a version of the app that has been specifically designed to suit your smartphone or tablet’s operating system.
  • The app is very popular. MetaTrader 4 is one of the oldest and most popular forex trading apps out there with a massive community.
The cons
  • Not suitable for casual investors. The MetaTrader 4 app is targeted more towards active traders than casual investors.
  • Only offers CFD stocks. This broker only offers CFD stocks, you can’t buy and sell shares directly from this broker.
  • CFDs are risky. To access leverage, you’re trading with CFDs, which are risky and complicated investment products.

5. MetaTrader 5

Despite what the name implies, MetaTrader 5 is not a new version of MetaTrader 4, but a different service altogether, although it does improves upon many of MetaTrader 4’s features. This app was released in 2010, and was built to provide a place to trade forex, stocks, commodities, and futures. It was also designed to comply with the “no hedging rule” in the US, which can be frustrating to non-US traders that want to (or are used to) working without restrictions on hedging.

The pros
  • Built-in analysis tools. The MetaTrader app has built-in customisable indicators and analytical objects and timeframes to help you analyse markets.
  • Economic calendar. The app comes with a calendar that delivers global macro-economic news that could influence various instruments.
  • Good platform support. Almost every browser and platform is supported.
  • Robust programming language. The app uses a programming language called MQL5 that is easy to use and can handle robust customisation of trading robots and technical indicators.
The cons
  • CFDs are risky. To access leverage, you’re trading with CFDs, which are risky and complicated investment products.
  • No hedging. To comply with US “no hedging” rules, MetaTrader 5 works on a first in, first out system for orders.
  • More complex than MetaTrader 4. Even though some of the features in MetaTrader 5 are more streamlined, it also offers a lot more control and is more complex to use.
  • Only offers CFD stocks. This broker only offers CFD stocks, you can’t buy and sell shares directly from this broker.

6. IQ Broker

Created by major investment broker IQ Option, the IQ Broker app is easy to use and simple to understand, regardless of the trade size or how often you invest. The app is free and offers access to over 500 trading assets, giving you the opportunity to invest to a wide variety of funds, indices, commodities and shares.

  • Cheap brokerage fees. The platform offers among the cheapest brokerages in the industry, and has no deposit or withdrawal fees.
  • In-depth market news. The app provides you with up to date market news analysis that could affect your investments.
  • No minimum withdrawal amount. You can withdraw as much of your money as you want.
  • Access cryptocurrency CFDs. The app also lets you trade certain cryptocurrency CFDs, including Bitcoin, Ethereum, and Litecoin.
The cons
  • Minimum account balance. You have to deposit a certain amount of money to be able to open an account.
  • Ongoing fees. You get charged an inactivity fee of €10 if your account doesn’t record any activity for 90 consecutive days.
  • Only offers CFD stocks. This broker only offers CFD stocks, you can’t buy and sell shares directly from this broker.
  • CFDs are risky. To access leverage, you’re trading with CFDs, which are risky and complicated investment products.

7. FxPro

FxPro allows you to cheaply and easily access major forex markets, indices, and commodities. It offers access to cryptocurrency CFDs as well. FXPro offers over 285 different instruments to trade and is a well-regulated company that has been in the business for over 15 years with a large and supportive community.

The pros
  • Low brokerage fees. The typical broker fees (taken from the spread) are relatively low, but can be a bit higher than other platforms somtimes.
  • Easy to use. It’s a simple and beginner-friendly platform that includes a demo account so you can test out your knowledge without losing money.
  • Advanced filtering options The app provides a number of filtering options to help you search for commodities and shares that suit you.
  • Access cryptocurrency CFDs. FxPro is one of the few platforms that lets you trade cryptocurrency CFDs.
The cons
  • Minimmum deposit amount. You have to deposit at least $100 to be able to open an account.
  • Only offers CFD stocks. This broker only offers CFD stocks, you can’t buy and sell shares directly from this broker.
  • CFDs are risky. To access leverage, you’re trading with CFDs, which are risky and complicated investment products.

8. $T# (Stash) by Liberty

The Stash app aims to give beginners access to the world of investing with a little hand-holding to get them started. The platform provides you with a tax-free account to invest with and lets you link a bank card from which you can select small amounts of cash to invest routinely. The app is available on all major platforms, including Apple and Android.

Note: Keep in mind that you can’t directly buy and sell shares on this app, as it functions more like an advisor, and provides small fixed investments and investment advice.

The pros
  • No fees. There are no monthly fees and no fees linked to investing via the platform.
  • Beginner-friendly. Stash is entirely geared towards people who are interested in investing but unsure of where to start.
  • Let’s you invest spare change. You can set the app to round up your purchases and invest the difference.
  • Low risk. You can place buy orders directly within the app, without needing to login on your desktop at all.
The cons
  • Limited investment opportunity. The platform is limited to investment in the SA Top 40 Shares portfolio and Liberty’s Cash+ portfolio.
  • Low reward. While the app is great for beginners with a low starting cash pool and plans to invest long-term, it’s not suitable for traders who want to actively trade.
  • Not suitable for investors that want to spend more. There’s only so much you can invest per year due to this being a tax-free account and because of that only so much dividends to earn.

Not sure which platform to choose? Compare your share trading options

Name Product Number of Stocks CFDs Shares Available Markets
eToro
2,000+
Yes
Yes
Worldwide with exception.
CFD Service. Your capital is at risk.
Get commission-free US stock trading plus access to forex, cryptocurrencies, ETFs, and commodities with the world’s leading social trading and investment platform.
Plus500
2,000+
Yes
No
Worldwide with exception.
CFD Service. Your capital is at risk.
Trade over 2,500 financial instruments with one of the largest CFD providers in the world.
Prime XBT
Access to global markets
No
Yes
US, IN, ES, JP, AU, UK, CN, DE, CA, CH, MX, NZ, CH, HK, FR
CFD Service. Your capital is at risk.
Trade cryptocurrencies and traditional financial instruments such as commodities, indices, and forex across 50+ markets.
Zacks Trade
Zacks Trade
Access to global markets
No
Yes
US, CA, MX, AUT, BEL, FR, DE, IT, NL, ES, NO, SE, UK, CH, HK, JP, SG, RU, AU
CFD Service. Your capital is at risk.
Trade stocks, bonds, ETFs, options, and more on 90+ international exchanges. Offers customizable trading platforms with over 120 technical indicators for your charting needs.
Eightcap
Access to global markets
Yes
No
UK, DE, AU
CFD Service. Your capital is at risk.
Trade a wide variety of instruments on the award-winning MT4/5 platforms with this Australia-based CFD and forex broker.
Firstrade
Access to US stocks
No
Yes
US
CFD Service. Your capital is at risk.
Enjoy $0 commission trading for stocks, options, funds, and more with this internationally-acclaimed discount broker.
CM Trading
N/A
Yes
No
US, FR, DE, UK, AU, ZA, CH. HK, JP, ES, NL, IT
CFD Service. Your capital is at risk.
Licensed international brokerage and CFD provider that offers advanced trading solutions designed for both new and experienced traders alike.
Exness
N/A
Yes
No
CH, VN, TH, PH, SG, ID, IN, UAE, ZA, SA, EG, BR, CR, MX
CFD Service. Your capital is at risk.
Enjoy fast trade executions at competitive fees with this award-winning retail forex broker.
Interactive Brokers
Access to global markets
No
Yes
US, MX, RU, ES, UK, DE, IL, HK, SG, IN, KR, AU, CH, HU, CA
CFD Service. Your capital is at risk.
Take advantage of low trading fees, multiple platform support, and an extensive list of asset classes across global markets, including stocks, options, futures, forex, bonds, and funds.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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