Best Training courses providers in South Africa

Best Gold Trading Platforms allowed to trade in South Africa. Rating with real reviews

Forex trading appears to be a difficult task. You may not need to trade on foreign exchange markets to make a profit. Since long, copy trading has been available on the market. This is a way to automatically copy successful traders' transactions into an account. Simply connect to the service and select an account you wish to copy to make profit. Copy trading refers to an automated trading system where transactions are copied from one account into another. How is this possible? You can copy transactions from special platforms. Once you have registered on such a platform, you can choose a provider of signals to subscribe to his trading signals. Once the trader has completed his transactions, they are automatically replicated in you trading account.
Justforex Pros
Earnings without any knowledge
Transactions can bring you profit, regardless of your skill level
Trades are performed by professional traders
Trading style. You can choose the signals provider that suits your trading style
Enjoy more time. It is not necessary to spend much time watching the market
You can choose as many signal providers as you like
This allows you to diversify your risks
This helps to minimize losses and ensures that you don't lose all your money at once
You can hedge a losing deal with another one that is profitable
The profit is smaller but the risk of losing all the money goes down
Justforex Cons
High risk
Forex can be ambiguous and unpredictable
Even though the trades are profitable, signals providers can make mistakes and turn minus
Copy trading is risky
Professional degradation
Copying someone else's deal can cause you to lose your unique flair
You don't pay attention to the market, you don't learn from your mistakes, and you avoid technical and fundamental analysis
As the muscles are not exercised, the brain can relax without new knowledges
Always turn on the trading platform/terminal
Globex360 is a global online trading platform that allows you to trade Forex, CFDs, and indices. You can also trade with precious metals. All available energy and cryptocurrencies. Our goal is to provide our clients with the best trading experience possible. Our Group was established in 2017 and has expanded its global reach since then. It offers its services globally through its regulated trading partners. Globex360deg has become a truly global company. We are able to support our clients in any geographic area they may trade. We have strong working relationships with our partners.
Globex360° Pros
Our leveraged products and exchange traded funds allow you to trade gold
Regulated by FSCA and FIAMLA, POCA2002, POCA 2002, and POTA2002
Different trading accounts are available depending on traders' experience
A variety of trading instruments
Globex360° Cons
It does not offer protection against negative balance
The withdrawal process can take a while
Accepts no clients from the USA, Canada, or Belgium
Only MT4 trading platform available
CFDs can be complex instruments that could lead to rapid losses due to leverage. CFDs can be complex and result in losing money quickly. This provider is responsible for 70% of all retail investor accounts. It is worth considering whether you are familiar with CFDs and whether you can afford the high risk of losing money. Professional clients may lose more than what they deposit. Trading involves risk.
IG Markets Pros
You can trade gold with our leveraged funds or exchange traded funds
You have great withdrawal and deposit options
Excellent educational tools
Web trading platform of the highest quality
IG Markets Cons
Slow customer service
Limited product portfolio
CFD and forex fees are high
EasyEquities (EE), a JSE-listed subsidiary of Purple Group Limited (PPE), allows anyone to purchase shares in brands and companies they like. Newbies and seasoned investors can both grow their wealth for as low as R5, 10, or any amount available. There are no brokerage fees, and they don't have to pay monthly. EE powered By First World Trader (Pty), an authorized financial service provider, places a strong emphasis on customer satisfaction. Our goal is to be an acknowledged and respected financial services provider. The platform was created with the primary goal of treating our customers fairly.
EasyEquities (EE) Pros
Find the best prices for gold
Opening a digitally-enabled account is easy
Great educational materials
Trading fees are low and there are no trading fees
EasyEquities (EE) Cons
There is a limited product selection
Basic research tools
Poor customer service
ThinkMarkets was established in 2010 and is a multi-asset online brokerage. It has hubs in London and Melbourne, as well as hubs in Asia-Pacific, North Africa and Europe. The industry standard MetaTrader 4 and the next-generation MetaTrader 5 are just a few of the best-known trading solutions. Best Mobile Platform was awarded by the forex community.
ThinkMarkets Pros
Spot prices for gold trade
Available accounts for PAMM and MAM
Provides for beginners traders
Tight spreads
ASIC, FCA and FSCA are authorized to regulate and authorize the FSA, CySEC, and JFSA
ThinkMarkets Cons
ThinkZero Account: Commissions
No US, Russia, Canada clients allowed
AvaTrade, a licensed broker was established in 2006 with the primary goal of empowering people to trade with confidence. We are a strong company with core values of innovation and integrity. Our goal is to help traders at all levels reach their full potential. We strive to make trading enjoyable for our clients, whether it's through our superior customer service, variety of instruments and platforms, or any other superior services.
AvaTrade ZA Pros
Speculate on futures gold prices
Fantastic research tools
Deposit and withdraw free of charge
Opening an account is easy and quick
AvaTrade ZA Cons
Average forex fees
Inactivity fees high
Only CFDs, Forex, and Cryptos are available
ETRADE E*TRADE has been regulated by the Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority(FINRA). Clients are protected by an investment protection amount of $500,000, which includes $250 000 cash. There is no protection for negative balances.
SA Shares Pros
Trading fees are low
Mobile trading platform that is user-friendly
Fantastic research tools
Trading stocks and ETFs is free
SA Shares Cons
Only US markets are covered
Slow account verification
No forex
Non-free mutual funds have higher fees
XTB, an award-winning CFD platform, was established in 2002. It supports Forex, indices and commodities, stock CFDs and ETF CFDs. It also supports 48 currency pairs and low-cost spreads. This brokerage allows traders to trade on the xStation 5, MT4 platforms or both. It also offers leverage accounts with up to 200:1. Stock, ETFs CFDs both attract a fixed commission at 0.08% per lot for both accounts. XTB provides traders with a demo account as well as a Trading Academy set that includes courses for intermediate and beginner traders. XTB regulation is carried out in Europe by the IFSC (FCA), KNF and CySec.
XTB Pros
Take control of your gold risk
Traders have the option of choosing between two excellent trading platforms (xStation 5 and MT4 platforms)
An assortment of over 3000+ trading tools across six asset classes
Spreads low
XTB Cons
There is no 24/7 support
There are fewer Forex pairs than top competitors
Pepperstone was established in Melbourne, Australia in 2010. It is currently regulated by both the Australian Securities and Investment Commission (ASIC) and the UK's Financial Conduct Authority. Pepperstone handles an average of $12.55 Billion trades per day with more than 73,000 traders around the world.
Pepperstone Pros
Use our leveraged products to trade gold or exchange traded fund options to make it easy
Customer support in multiple languages and high regulation
Users get the AutoChartist or Smart Trader Tools package at no cost
There are many trading platforms available for all operating systems
Competitive spreads and Commissions
Pepperstone Cons
A section on educational resources could be added for beginners traders
OctaFX provides traders Forex ECN trading and CFD trading on Indices Metals and Cryptocurrencies across the MetaTrader and cTrader trading platforms. They also offer trading apps for OctaFX and their OctaFX Trading App. OctaFX's products are available to trade depending on which account type was opened (MT4 Micro, Pro, or cTrader ECN). However, it covers Forex, Indices and Metals as well as Cryptocurrencies.
OctaFX Pros
Speculate on futures gold prices
Access Copy trading, bonus promos and a wide variety of research tools
Trade on MT4 and MT5 , and CTrader across Desktops, Mobiles, and Webs
Forex ECN can be accessed with 1:500 leverage
Large range of trading account for advanced and beginners
OctaFX Cons
Only limited deposit and withdrawal options available - only through Neteller or Skrill
Limited commodity markets, no individual Stock CFDs
Decline between CySEC regulated OctoberaFX.eu or St. Vincent and the Grenadines Registered OctaFX.com

What is gold trading?

Gold trading involves the practice of speculating about the price of gold markets to make profits. This is usually done through futures or options, shares, and exchange traded funds (ETFs). Usually, physical bars and coins of gold are not handled during transactions. Instead they are settled with cash.
There are many reasons you might trade gold.
There are many options when it comes to trading gold. You don’t need to stick with the old mantra ‘buy low and sell high’. You can trade long and short on gold prices. This allows you to take advantage of market that decline in price as well as markets that rise. The goal of gold trading, regardless of your position, is to predict the direction the market will go. The market will move in your favor, but you lose more profit the further it goes.

Where can I exchange gold?

Gold futures
Futures contracts represent the most common way to trade in gold. A futures contract is an agreement that allows you to sell or buy gold at a certain price at a particular date. You can use futures to purchase or sell physical commodities, but you don’t always have to. Futures contracts may be settled in cash.
Gold contracts can be traded mostly on the OTC London and US futures markets COMEX. Online gold trading brokers can also allow you to trade futures for gold.

Gold options
Options for gold allow you to trade it at a certain price, known as the strike, on a specified date. The right to buy the gold is granted by a call option. A put option allows you to sell the metal. Many gold options are based on gold futures. Trading gold options is possible with the best gold trading broker.

How do I trade gold from South Africa?

There are several gold buying stations scattered throughout South Africa. Currently you can sell your precious metal at the Gold Buying Stations situated in Johannesburg, Cape Town, Durban, Pretoria and others. You must have gold in disc or bar form. It should not contain amalgam or mercury. With the best online gold trading brokers, you can also trade gold.

How do I open an account to trade gold?

Just three steps are required to determine your position

  1. 1. You can trade on a gold exchange. Choose from one of two gold markets, or from a range of ETFs and stocks.
  2. 2. Draw up a trading strategy. You can decide whether you want gold to be traded short-term or long-term, and how to manage your risks.
  3. 3. Open a live account.

CFDs will allow you to make trades in gold and gold-linked securities. If the asset’s price is expected to rise in a specified time frame, then you’d buy. Conversely, if it falls, you’d sell.
You need to do extensive research to determine which market direction is likely.

What is best gold trading broker in South Africa

Owning physical gold is preferred to gold receipts, gold mining stock, or gold ETFs for long-term investors. It is now easier than ever to purchase high-quality, physical gold online. You can have it shipped home, or stored in a secure vault. But, it’s possible for fake gold or metal coins to be sold online. That is why you should ensure that your dealer is reputable and established.
The top online gold trading brokers allowed to trade in South Africa:

  • • Justforex
  • • Globex360°
  • • IG Markets
  • • EasyEquities (EE)
  • • ThinkMarkets
  • • AvaTrade ZA
  • • SA Shares
  • • XTB
  • • Pepperstone
  • • OctaFX

Is gold easy for traders?

Some people say gold is the hardest market to trade. There is truth to that statement. Gold doesn’t behave like other markets, so if investors want it to be profitable (which it can be), they must keep these things in mind.

  • • Keep the size of your mining stock trading positions (gold, silver, and mining stock) small.
  • • Pay attention to the cycles and turning points. Many markets are cyclical.
  • • The efficiency of any indicator that you are going to use on a gold market is important.
  • • Only use moving Averages if they’ve worked for that market in the previous.