Best Trading Platforms in South Africa 2024

There are many Online Trading Platforms available in South Africa. Picking an South African online broker should be based on securities available, ease of use, and service reputation. Here is a detailed guide on the Best Online Brokers in South Africa. This is a summary of the top trading platforms based on hours of research. We analyzed popular Online Brokers in South Africa based on fees, account minimums, security, customer reviews, customer support, and more.

Our guide analyzes the best and cheapest online trading platform in South Africa.

List of the Top Online Brokers In South Africa 2024

We've rounded up the best investment Trading Platforms in South Africa below based on various factors.

The list of the best online brokers in South Africa is below.

  1. Pepperstone – Best Trading Platform in South Africa Overall
  2. AvaTrade – Best Trading Platform in South Africa for Forex
  3. Interactive Brokers – Best Stock Broker South Africa Overall – Visit Interactive Brokers
  4. Plus500 – CFD Trading Platform South Africa
  5. XTB – Best CFD Trading Platform in South Africa
  6. XM – Reliable Online Broker South Africa with Low CFD Fees
  7. Capital.com – Great Mobile Trading Platform South Africa
  8. OANDA – Great Forex Trading Platform South Africa
  9. IQ Option – Best Trading Platform South Africa For Digital Options
Trading Platforms South Africa

Best for Forex

AvaTrade Logo

PFI Rating 4.9

  • Well Regulated
  • Copy Trading
  • Best For Forex

Best Overall

Pepperstone Logo

PFI Rating 4.9

  • Well Regulated
  • Low Fees
  • Fast Execution

Best Market Access

Interactive Brokers Logo

PFI Rating 4.9

  • Best Market Access
  • Well Regulated
  • Founded in 1978

Table of Contents

Best Online Brokers in South Africa in Detail

There are many online trading platforms available in South Africa. It can be a daunting task to pick the best. Some brokers offer a variety of products and assets – some are great for stocks, others for CFD trading, and some stand out as cryptocurrency exchanges. Below you will find our list of the best trading platforms in South Africa, based on various factors such as fees, deposit methods, support, regulation, and safety.

Trading Platform Info PFI Score Minimum Deposit
#1 Pepperstone Low Spreads 4.9 $0
#2 AvaTrade Best Overall 4.9 $100
#3 Interactive Brokers Wide Market Access 4.9 $0
#4 Plus500 CFD Broker 4.7 $100
#5 XTB Low CFD Fees 4.7 $0
Low Spreads

PFI Rating: 4.9/5

1. Pepperstone – Top Rated Online Trading Platform South Africa Overall

Pepperstone is our top pick as the best online trading platform in South Africa. They offer a selection of CFDs and are great for CFD trading in South Africa.

Top-tier regulators like ASIC, CySEC, FCA, SCB, DFSA, BaFin, and CMA regulate Pepperstone.

Pepperstone offers trading CFDs on 1000+ instruments, including Forex, Shares, Indices, Commodities, and Cryptocurrencies.

Pepperstone is best known for its extensive selection of third-party solutions like MetaTrader, cTrader, and low forex spreads. This allows you to crowdsource ideas and gain access to a range of different tools.

We especially like the copy trading feature, which allows retail traders to copy the trades of experienced traders.

74-89 % of retail investor accounts lose money when trading CFDs

Great For: Low Spreads

Mobile App: 4.8/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $0

Overall: 4.9/5

Our Top Pick

PFI Rating: 4.9/5

2. AvaTrade – Best Forex Trading Platform in South Africa

AvaTrade is our top pick as the best forex trading platform in South Africa.

Avatrade was founded in 2006, and its trading platform offers access to forex, cryptocurrencies, and a wide range of CFDs in South Africa.

AvaTrade is based in Dublin, Ireland. Opening an account through AvaTrade is fast, easy, and completely digital. There are no fees charged for deposits and withdrawals. It has a user-friendly platform and diverse research and educational tools.

  • Regulated by Top Authorities
  • Wide Market Access
  • Low Fees
  • Low Minimum Deposit

71% of retail investor accounts lose money when trading CFDs with this provider.

Great For: Forex and CFDs

Pros Cons
Regulation No ETFs
Account Opening Inactivity Fees
Deposit And Withdrawal
Research Tools

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $100

Overall: 4.9/5

Best Market Access

PFI Rating: 4.9/5

3. Interactive Brokers – Best Share Trading Platform in South Africa For Index Funds

Interactive Brokers is at the top of our list of online trading platforms in South Africa. Interactive Brokers was founded in 1993, and its trading platform offers access to shares, options, forex, futures, bonds, index funds, and funds across 150 global markets. They are a great choice for professional active traders, offering a powerful tool suite. Beginners will love them as a one-stop for all their trading needs.

Trading fees are low, and order execution is among the best in the industry. Their trading platform is available as a web application, a desktop trading platform (Trader Workstation), and as IBRK mobile. The interactive Brokers trading platform is a powerful and flexible solution for beginner and professional traders.

Thanks to Interactive Broker’s IB SmartRouting technology, their order execution is one of the best in the industry. Read Full Interactive Brokers Review

On Interactive Brokers Official Website

Great For: Market Access

Pros Cons
Industry Leading order execution Advanced Trading Options Can be Complicated at First
Wide range of securities available
Amazing Tools & Charting
Top Market Research
Education
Fractional shares

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $0

Overall: 4.9/5

CFD Trading Platform South Africa

PFI Rating: 4.7/5

4. Plus500 – Great CFD Broker South Africa

Plus500 is a clear winner for CFD day trading in South Africa. It boasts over 2,000 CFDs available. These include cryptocurrency, Forex currency pairs, and options. Plus500 provides traders with a way to test out forex and CFDs. Plus500 has limited educational resources and research tools. Traders will need to look for extra resources elsewhere. Read our review of Plus 500.

Great For: Active Traders Looking to Trade CFDs

Pros Cons
No Commission Education
2000+ Markets Available
Order Execution
Easy to use

Mobile App: 4.8/5

Regulation: 4.7/5

Fees: 4.7/5

Min. Deposit: $100

Overall: 4.7/5

PFI Rating: 4.7/5

5. XTB – Best CFD Broker South Africa For Market Access

XTB is best known for its low forex fees. XTB has an intuitive trading platform with great charting tools and is easy to use. There are a few downsides though. Fees are above the industry average for share CFDs. XTB has a limited product portfolio, covering mainly CFDs and Forex. 

On XTB Official Website

Great For: CFDs

Pros Cons
Forex Fees Only CFD Trading
Deposit And Withdrawal Stock CFD Fees
Account Opening

Mobile App: 4.4/5

Regulation: 4.7/5

Fees: 4.2/5

Min. Deposit: $0

Overall: 4.7/5

PFI Rating: 4.6/5

6. XM

XM has low stock CFDs fees and a user-friendly account opening. There are many educational resources as well as a demo account for beginners. A significant downside is that there is no investor protection for its South African customers. XM also has a limited product portfolio as it only has forex and CFDs. 

On XM Official Website

Great For: CFDs

Pros Cons
Low Fees Limited Products
Demo Account
Easy Account Opening
Education

Mobile App: 4.6/5

Regulation: 4.5/5

Fees: 4.8/5

Min. Deposit: $5

Overall: 4.6/5

PFI Rating: 4.5/5

7. Capital.com

Capital.com’s selling point is its completely commission-free structure across all its investment products. This is very rare in the industry. At Capital.com you get access to stocks, indices, forex, commodities, and cryptocurrencies.

They charge fees for inactivity, but these only apply if your account remains inactive for a year, which is in line with industry standards.

On Capital.com Official Website

Great For: CFDs

Pros Cons
Commission-free No Custom Strategies
Wide range of US and UK shares
Good educational resources
Education
AI assistant

Mobile App: 4.4/5

Regulation: 4.5/5

Fees: 4.6/5

Min. Deposit: $20

Overall: 4.5/5

PFI Rating: 4.5/5

8. OANDA

Oanda is another excellent choice for investors in South Africa. It has a user-friendly interface with powerful research tools and numerous technical indicators. Oanda only has a small range of investment products, though. They offer forex and CFDs trading in South Africa. Customer support could be better and is not available 24/7.

On OANDA Official Website

Great For: Research

Pros Cons
User Friendly No 24/7 Support
Research
Account Opening Process
Education
Pros Cons
Commission-free No Custom Strategies
Wide range of US and UK shares
Good educational resources
Education
AI assistant

Mobile App: 4.4/5

Regulation: 4.5/5

Fees: 4.5/5

Min. Deposit: $0

Overall: 4.5/5

Top Trading APP in South Africa
AvaTrade Logo

PFI Rating: 4.9/5

Best Trading App in South Africa – AvaTrade

The best app for trading in South Africa is AvaTrade. Avatrade offers CFDs on stocks, Forex, Cryptocurrencies, Indices, Commodities, Options, and ETFs. It is the world's leading CFD trading platform, trusted by millions of traders worldwide. They offer a user-friendly proprietary platform and mobile app.

On AvaTrade Official Website

Great For: Mobile App and Trading on the go

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $100

Overall: 4.9/5

Compare Trading Platforms In South Africa

You can compare the Best Trading Platforms in South Africa below to see how they stack up.

Interactive Brokers Logo
Interactive Brokers
Plus500 Comparison
Plus500
IQ Option Logo
IQ Option
AvaTrade Logo
AvaTrade
Pepperstone Logo
Pepperstone
XTB logo
XTB
XM Logo
XM
Capital.Com
Capital.com
Oanda Logo
OANDA
Our Score:5/54.9/54.8/54.8/54.8/54.7/54.6/54.5/54.5/5
Founded:199320072013200620102002200920131996
Regulation:MAS,FCA,CFTC,SEC,CBI,IIROC,ASIC,CSSFCySEC, FMA, MAS, SFSA, FSCA, ASIC, FCACySECCySEC, ASIC,FSCA, FFAJ, ADGM,ISA,Central Bank of IrelandFCA,ASIC,DFSA,CySEC,CMAFCA, CySEC, IFSCCySEC, ASIC, IFSCASIC,FCA,CySEC,MiFIDIIROC,ASIC,CFTC,FCA,MAS,MFSA
Headquarters:Greenwich, Connecticut, United StatesIsraelCyprusDublin, IrelandMelbourne, AustraliaPolandCyprusLondon, UKNey York, USA
U.S. Clients Allowed:YesNoNoNoNoNoNoNoYes
Available Outside U.S.YesYesYesYesYesYesYesYesYes
Minimum Deposit:$0$100$10$100$0$0$5$20$0
Deposit Methods:Credit Cards,Wire,Check,Online Bill Payment Check,ACH,EFT,RolloversCredit/Debit Cards,PayPal,Skrill,Bank TradsferCredit/Debit Card,WebMoney,Neteller,Skrill,Wire TransferCredit/Debit Cards,Neteller,WebMoney,Wire TransferCredit/Debit Card,Bank Transfer,PayPal,POLi,Netteler,Skrill,MPESA,BPay,UnionPayBank Transfer,Credit/Debit Cards,SkrillWire Transfer,Neteller,Skrill,Credit/Debit CardsCredit/Debit Cards, Wire Transfer,Sofort,iDEAL,MultiBanko,Trustly,WEbMoney,Qiwi,Skrill,NetellerCredit/Debit Cards,Wire Transfer
Min. Trade:$1VariesVariesVaries0.01 lots0.01 lots0.1 lotsVaries$1

Features Compared

Compare the main features such as leverage, margin, copy trading, trading signals, demo account, Islamic account and more.

Interactive Brokers Logo
Interactive Brokers
Plus500 Comparison
Plus500
IQ Option Logo
IQ Option
AvaTrade Logo
AvaTrade
Pepperstone Logo
Pepperstone
XTB logo
XTB
XM Logo
XM
Capital.Com
Capital.com
Oanda Logo
OANDA
Demo Account:YesYesYesYesYesYesYesYesYes
Islamic Account:YesYesYesYesYesYesYesNoYes
Margin:YesYesYesYesYesYesYesYesYes
Leverage:1:4up to 1:301:30up to 1:400up to 1:800up to 1:500up to 1:8881:30up to 1:100
Copy Trading:NoNoNoYesYesNoYesNoYes
Trading Signals:NoNoNoYesYesYesNoNoNo

Platforms Compared

Interactive Brokers Logo
Interactive Brokers
Plus500 Comparison
Plus500
IQ Option Logo
IQ Option
AvaTrade Logo
AvaTrade
Pepperstone Logo
Pepperstone
XTB logo
XTB
XM Logo
XM
Capital.Com
Capital.com
Oanda Logo
OANDA
Mobile App:YesYesYesYesYesYes (xStation Mobile)YesYesYes
Proprietary Platform:Trader Workstation, Client PortalYesYesYesNoxStation 5NoWebPlatformYes (OANDA Trade)
Desktop:Yes (Trader Workstation)YesNoYesYesYes (xStation 5)Yes (MT4,MT5)YesYes (OANDA Trade)
cTrader:NoNoNoNoYesNoNoNoNo
DupliTrade:NoNoNoNoNoNoNoNoNo
MetaTrader4:NoNoNoNoYesNoYesYesYes
MetaTrader5:NoNoNoNoYesNoYesNoNo

Customer Service Compared

Interactive Brokers Logo
Interactive Brokers
Plus500 Comparison
Plus500
IQ Option Logo
IQ Option
AvaTrade Logo
AvaTrade
Pepperstone Logo
Pepperstone
XTB logo
XTB
XM Logo
XM
Capital.Com
Capital.com
Oanda Logo
OANDA
Email:YesYesYesYesYesYesYesYesYes
Phone Support:YesNoYesYesYesYesYesYesYes
Live Chat:YesYesNoNoNoNoYesNoNo

What is the Best Online Trading Platform for Beginners in South Africa?

The best online broker for beginners in South Africa is AvaTrade. They offer an easy-to-use trading platform, low fees, and a wide variety of tradeable instruments. On top, AvaTrade also has copy trading for a whole hands-off trading experience.

Which Bank Account is best as a Trading Platform In South Africa?

Here is a list of the best bank accounts for trading in South Africa:

  1. FNB
  2. Mercantile Bank
  3. Nedbank
  4. Absa
  5. Standard Bank

Online Trading South Africa

Online trading involves buying and selling stocks on a stock market. You can place buy and sell orders online by opening a brokerage account. Your broker will then execute these orders on your behalf.

The Best Online Trading Platforms in South Africa allow you to trade different types of investment securities. In most cases, you are responsible for choosing which companies to buy stocks in. Only full-service brokerages offer investment advice.

How Does It Work?

Anyone can start as long as they can access a stable internet connection and a way to fund a account. There are many online platforms available that give you access to securities. Opening an trading account in South Africa is straightforward.

The Johannesburg Stock Exchange (JSE) provides a regulated market to trade financial assets with other investors. South Africa is home to the Financial Sector Conduct Authority (FSCA). FSCA is a financial regulating authority. All brokers need to follow the rules and regulations set by this body.

South African investors have to pay taxes on capital gained. Forex traders must also declare financial statements on their annual tax returns. Read about the forex brokers in South Africa in our guide.

How To Pick the Best Trading Platform in South Africa?

Here are a few important factors to consider when picking a trading platform in South Africa. Read what you should consider below.

Regulation

FSCA

As a South African investor, you should be aware of the privacy and regulation policies. Trading Platforms should ideally be regulated by the Financial Sector Conduct Authority (FSCA) or other tier-1 regulating bodies. All trading platforms need to follow the rules set by these bodies regulating bodies. More isn't always better. We advise that at least one tier-1 regulator regulates the broker.

Fees & Commissions

Even the Best Trading platforms in South Africa charge various fees. You must be aware of all fees in advance. It's essential to know how to determine commission charges. You should avoid choosing a broker that earns commissions through unnecessary transactions.

See the table below to compare the trading fees:

Interactive Brokers Logo
Interactive Brokers
Plus500 Comparison
Plus500
IQ Option Logo
IQ Option
AvaTrade Logo
AvaTrade
Pepperstone Logo
Pepperstone
XTB logo
XTB
XM Logo
XM
Capital.Com
Capital.com
Oanda Logo
OANDA
Inactivity Fee:$0$10/month (after 3 months of no login activity)$10/month (after 90 days of no login activity)$50/quarter$0$10/month (after 1 year of no login activity)$15 one-off maintenance fee after one year of inactivity + 5$/month$0$0
Stocks ($1000 APPL Buy and Sell in 1 Week)$0 CommissionVaried Spread: $10.5 (CFD)$5.62 (CFD)0.13% Spread$0 + market spread0.03 (CFD)0.27 (CFD)0% Commission (physical) 0.1 (CFD)N/A
Forex:min. $2/orderVaried Spread - 0.8pip Avg.0.7 pipsSpread (0.9 - 700)0.69 pips0.5 pip1.7 pip (average)0.00110Spread + commission
Bonds:$0 per trade (remove liquidity)$0.10 per trade (add liquidity)N/AN/A0.03 - 0.06 Over MarketN/AN/AN/AN/AN/A
ETFs:$0 CommissionVaried Spread0.025%0.13% - 0.15%N/Afrom 0.08%N/Afrom 0.01N/A
Crypto:0.18%Varied Spread: 0.30% - 1%7% - 12% Over Market0.2% - 2% Over Market33.97 (average spread)from 0.22%N/A110Spread + commission
CDFs:SpreadVaried SpreadSpreadSpreadSpreadSpreadSpreadSpreadSpread
Withdrawal Fee:$0$0$0$0$0$0$0$0$0
Deposit Fee:$0$0$0$0$0$0$0$0$0
Monthly Fee:NoNoNoNoNoNoNoNoNo

Tradeable Assets

There are a variety of different investment products available. Most online brokers in South Africa offer common securities like stocks, options, bonds, and derivatives. Make sure the asset you are interested in is available. You should choose a broker that offers the investment products you're interested in trading.

Compare the tradeable assets available at each platform below:

Interactive Brokers Logo
Interactive Brokers
Plus500 Comparison
Plus500
IQ Option Logo
IQ Option
AvaTrade Logo
AvaTrade
Pepperstone Logo
Pepperstone
XTB logo
XTB
XM Logo
XM
Capital.Com
Capital.com
Oanda Logo
OANDA
Stocks:YesYes (CFD)YesYesYesYesYesYes (CFD and Physical)No
Forex:YesYes (CFD)YesYesYesYesYesYes (CFD)Yes
Commodities:YesYes (CFD)YesYesYesYesYesYes (CFD)Yes (CFD)
Indices:YesYes (CFD)YesYesYesYesYesYes (CFD)Yes (CFD)
Cryptocurrencies:YesYes (CFD)YesYesYesYesYesYes (CFD)Yes (CFD)
ADR:YesNoNoNoNoNoNoNoNo
Options:YesYes (CFD)Digital OptionsYesNoNoNoNoNo
Mutual Funds:YesNoNoNoNoNoNoNoNo
ETFs:YesYes (CFD)YesYesNoYesNoYesNo
Binary Options:NoNoNoNoNoNoNoNoNo

Account Types

Online Brokers in South Africa offer different account types to investors. These include margin accounts, cash accounts, and retirement accounts. You need to know which accounts are available as there might be different minimum investment amounts for different accounts.

Educational resources

Education resources are great if you want to expand on your strategies. These include videos, forums, and how-to articles. If you're a beginner trader, you'll need some advice on how to analyze the market and diversify your portfolio. Education resources are great if you want to expand on your strategies. These include videos, forums, and how-to articles. If you're a beginner, you'll need advice on how to analyze and diversify your portfolios.

Margin

Margin trading should only be for very experienced investors. It is a method of trading assets with borrowed funds. It allows traders to increase their trading power. Brokerages will charge different margin rates as interest on transactions. Beginners should stay clear of margin trading.

Account minimums

Most don’t require any minimum deposit amounts. Other high-end brokers might require a minimum balance of several thousand dollars.

Tools & Research

With access to premium tools and in-depth market research, you will make the most of your trading experience. It should be easy to navigate and intuitive. Charting tools, price alerts, and customizable screeners are key features to look for.

Tools & Research

With access to premium tools and in-depth market research, you will make the most of your trading experience. It should be easy to navigate and intuitive. Charting tools, price alerts, and customizable screeners are key features.

Customer Service

A strong customer support system is another key component. You need to have easy access to support, especially if you are just starting. Make sure you can contact support in your language 24/7/365.

Customer Service

A strong customer support system is another key component. You need easy access to support, especially if you are just starting. Make sure you can contact support in your language 24/7/365.

Mobile Trading

A mobile app allows you to access markets from anywhere globally, not just in South Africa. You can buy and sell securities and monitor your positions from your smartphone. If you're looking for easy access to your accounts, then you should look for brokers that offer a mobile app.

Banking Services

Some firms offer banking services. This is a great way to combine banking and trading on the same account.

Banking Services

Some firms offer banking services. This is a great way to combine banking and trading on the same account.

Order Execution

Order execution happens with every buy or sell order. All your orders are sent to your broker to be executed. Efficient order execution is essential, especially for active day traders.

International Trading

If you want to invest in foreign markets, then you need to make sure you can trade international markets like NASDAQ, NYSE, LSE, and others.

Access to a Financial Advisor

Financial advisors guide you on how to spend your money wisely. It might be worthwhile looking into a full-service broker, especially if you’re new to the investment world.

Know the Terms and Conditions

You must be well aware of general terms and conditions before signing up. It’s essential to research the trading platform and its reputation thoroughly.

How to Open a Brokers Account in South Africa

  1. Find a broker – The first step to start investing is to find a reputable stock trading platform. As a new investor, this requires careful thought. You take into consideration your investing styles and goals.
  2. Open a trading account – The next step is to open up an account. Follow the instructions on the website and set up an account. You must upload relevant documents and personal details to verify your identity. You will need to deposit a minimum amount to fund your account. Many discount brokers nowadays don’t have a minimum deposit amount.
  3. Research before investing in your money – The easiest way to get started is to search for a company that you want to buy shares in. Make sure you’ve done your homework if you plan to invest your hard-earned money. Once you’ve made a decision, place an order.
  4. Develop a strategy – You should aim to build a diverse long-term share portfolio, depending on what you want as a trader. Your strategy should consider your goals, how much risk you can absorb, and how much time you can allocate.
  5. Understand the risks – Although many listed companies are well-run, it’s safer to dip your feet into online share trading with both eyes open and a lot of research under your belt. Some common risks to be aware of include decreases in share prices and potential mismanagement or bankruptcy of a company.

Risks of Online Trading In South Africa

Every beginner should be aware of the risks of trading. It’s essential to research thoroughly where you’re putting your money.

Leverage Risk

Leverage is using borrowed capital to invest. While leverage increases potential returns, it also increases potential risk. High leverage leads to high risks, depending on how the position moves.

Margin Risk 

Margin risk is the risk associated with achieving an expected margin. This is the probability that changes in economic development will negatively impact a profit margin’s expected cash flow.

Interest Rate Risk

An increase in the interest rate of a country leads to a strong currency. This usually raises the value of the currency and its interest rates. On the other hand, decreasing interest rates lead to a weaker currency. This causes investors to withdraw their investments and leave the country.

Exchange Rate Risk

Exchange rate risk is caused by changes in an investor's local currency compared to foreign-investment currency. Exchange rates sometimes change in the 24 hours before your trade is settled. 

Best for Forex

AvaTrade Logo

PFI Rating 4.9

  • Well Regulated
  • Copy Trading
  • Best For Forex

Best Overall

Pepperstone Logo

PFI Rating 4.9

  • Well Regulated
  • Low Fees
  • Fast Execution

Best Market Access

Interactive Brokers Logo

PFI Rating 4.9

  • Best Market Access
  • Well Regulated
  • Founded in 1978

Conclusion

We analyzed and compared the trading platforms in South Africa on a variety of factors. All things combined the best online broker in South Africa is Pepperstone.

FAQ

Is Trading Legal in South Africa? 

Yes, trading is legal in South Africa. All securities, including stocks, CFDs, and cryptocurrencies, are legal. You are required to follow all financial laws in place to prevent money laundering and you must declare your income tax.

What is the safest Platform in South Africa?

Interactive Brokers is a safe and well-established broker. They have good reputation and are regulated by the FSCA.

Which Trading Platform in South Africa has low fees? 

For stocks, Interactive Brokers offers the most competitive fees. It offers a large selection of stocks and low fees. For forex, Pepperstone is the cheapest. 

What is the best share trading platform for beginners in South Africa?

The best broker for beginners in South Africa is Interactive Brokers. Both the mobile and web versions are easy to use.

Do Traders Pay Tax in South Africa?

The answer is yes. Traders pay taxes on trading in South Africa. Even you use an offshore trading platform, you are obliged to pay tax.

About the author

Ziga Breznik is the owner and head of research at PublicFinanceInternational.org – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded PublicFinanceInternational.org as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.