Best Training courses providers in South Africa

Best MetaTrader 5 brokers allowed to trade in South Africa. Rating with real reviews

Binance Exchange is the biggest crypto exchange in terms of trade volume, and also one of the most active worldwide. Our platform is secured with industry-leading technical and strict protocols to protect user funds. We are constantly looking for innovative ways to protect our users. This includes real-time monitoring, a 360-degree risk management program, advanced data privacy tools, and education about end user security.
Binance Exchange Pros
Instant and low non-instant buy fees
Very large selection of coins
Numerous extra services
Binance Exchange Cons
Account verification problems
It is not available in the USA
Structure of non-transparent corporations
HotForex (HF Markets Europe) has an enhanced MetaTrader offering, quality research and a copy trading platform. HFcopy offers a decent selection, over 1,000 CFDs, and 47 forex pairs. HotForex's trading costs are still slightly higher than the industry average. The HF mobile app doesn't yet support trading.
HotForex Pros
FX Blue Labs has developed Premium Trader Tools that enhance the default MetaTrader suite.
HotForex is able to balance in-house market analysis with third-party research content and news.
Special research reports are produced by an in-house team, including quarterly, annual, and monthly outlooks.
HotForex's Traders Board module offers sentiment and correlation data.
HotForex Cons
HotForex's educational content is lacking in quality, despite a good selection of videos.
All account types have trading costs slightly higher than the industry average.
HotForex's copy trading platform HFcopy requires 300 EUR to follow existing strategies (copy). It is less mature than eToro’s offering.
Although the HF app has been improved, trading is not allowed. HotForex traders can only use MetaTrader.
VT Markets strives to provide exceptional trading environments for its clients. We exceed the expectations of global financial regulators. We understand that traders in this sector want to trade with security and confidence. Over 200,000 clients around the world have active trading accounts with us. They rely on our services to protect their assets every single day. Client funds are kept in separate accounts at the AA-rated Commonwealth Bank of Australia. CBA is Australia’s largest financial institution. It is Australia’s largest financial institution with a market capitalization of more than $180billion. More than 16 million customers are served by it. It consistently ranks among the top 20 most secure banks worldwide. VT Markets has professional indemnity coverage which covers the work of our representatives and employees.
VT Markets Pros
VT Markets, a regulatory agency in a tier-3 country, is VT Markets. It is also part of Vantage Group, which has licenses in two countries tier 1.
VT Markets provides the entire MetaTrader suite and premium trading tools via Trading Central.
VT Pro – The broker's mobile app - is simple to use and provides news headlines, research and much more.
Third-party support such as ZuluTrade copy trading and trading signals via Accessage
Financially stable parent company and reliable custodian bank
ECN trading commissions are average, and market spreads for all account types are exact.
VT Markets Cons
Trading costs at VT Markets vary from an average rate when using the VT Markets ECN Account to a high price if you choose the Standard account option.
VT Markets has fewer symbols than the many markets at Saxo Bank and IG.
VT Markets only offers a small amount of educational content. This makes it more competitive than other companies.
Access to Trading Central Tools requires a minimum $1,000 deposit
The minimum deposit for novice traders is $200
Access to micro (cents-) accounts is not possible.
ETFs or cryptocurrencies are not included in the list of assets.
Our mission is to make clients successful and expand the financial service industry in all countries we operate. We continue to innovate and keep the services we offer as relevant as possible. Since the beginning of our 20-year history, sponsorship programs have been a key part of our work. Many sports teams have been supported by us. In 2018, we reached the North Pole, planted the Alpari flag there and set two world records. There are many other plans for the future. The Alpari Charitable Fund was established in 2005. Over the past 15 year, more than 37,000 people have been supported by the charity. It has hosted over 750 fundraising events and paid more than 1,200 children for their medical care. The fund also supported more than 18,000 families with humanitarian assistance. The fund currently has more than 10 programs in place that help it to focus its efforts and achieve more. There are currently more than 100 volunteers involved in the Alpari Charitable Fund.
Alpari Pros
Trading accounts are available to traders with different goals and experience levels.
Customer support services offer efficient and high-quality service.
There are many options to replenish or withdraw your funds.
There are many educational tools available.
It is a good choice for beginner traders. It offers automated trading and participates in many projects.
Binary Options can be used to trade.
Alpari Cons
Weekend trades are not possible
After some delay, you can withdraw funds
Only VIP traders are eligible to receive deposits or withdrawals commissions.
Only traders with standard accounts can trade on the MetaTrader5 platform. Only traders with MetaTrader 4 accounts can have swap-free Forex Islamic accounts.
Our vision was a Forex trading platform which allows traders to access all available products on global exchanges. Traders choose FP Markets due to the fact that they can trade CFDs with Forex, Shares, or Indices from one account. Our deep understanding and appreciation of traders is what distinguishes us from other competitors. With the right price, execution speed and cutting edge platforms, clients can trade with confidence. We also understand that customers require market analysis and customer support. As a global forex broker we are committed for our clients' interest. Our commitment to excellence is what makes our forex broker one of the most admired in the world.
FP Markets Pros
MT5 offers a wide range of powerful analytical tools, including 38 technical indicators that allow simultaneous display of up 100 stock quotes charts and currencies
MT 5 integrates tools to perform full fundamental analysis including an economic calendar
Market Depth, or Depth of Market [DOM], is another advantage to MT5, which displays active Bids/Offers in the market
MT5 users have access to many more tools than MT4
Programmers can also get many free tools
You can make your own tools if you have programming experience
MT5 supports netting and hedging options
There are four order execution operations available: Instant' Request', Market', and Exchange' execution
The platform supports various trade orders, including 'Market' (pending), 'Stop Orders’ and 'Trailing Stop Orders’
Algorithmic trading (copy trading), is one of the best features of your MT5
MT5 offers a fully integrated development environment, which allows traders to quickly build and refine their trading strategies using robots
The powerful MQL5 programming language allows traders to evaluate quotes and execute trades according to the underlying algorithm
You can also choose from pre-configured trading software if you're not a programmer
Mobile trading with MT5 allows traders to trade Forex, stocks and futures from anywhere and at any time
You can now carry the MT5 trading platform's vast capabilities in your pocket
MT5 Mobile offers many trading options and facilities, including netting and hedging
The app provides professional technical analysis via a set of built-in indicators and analytical items
MT5 Mobile allows you to quickly review your transactions, purchase and sell currencies, and swap assets in one click
FP Markets Cons
Although the new FP Markets app for mobile is a welcome addition to mobile trading, it still lacks many key features that are found in other top apps.
Although the educational content in FP markets isn't very strong, it has improved through podcasts.
FP Markets Iress platform focuses primarily on share trades and not forex. If you don't trade regularly or have a large balance, data fees can add up quickly.
FP Markets has a social trading portal that is compatible with MetaTrader 4 although it does not offer advanced performance metrics such copy trading leaders.
IC Markets is a well-respected Forex CFD provider. They provide trading solutions for active traders and scalpers, as well new traders to market. IC Markets offers its clients cutting-edge trading platforms, superior liquidity, and low latency connectivity. IC Markets is revolutionizing online forex trading. Traders have now access to pricing previously only available to high-net-worth individuals and investment banks. Our management team is well-versed in CFD, Forex, and Equity markets in Asia as well as North America. We have been able to identify the most efficient technology solutions and best pricing providers on the market thanks to this experience.
IC Markets Pros
IC Markets charges low forex fees
It is simple and quick to open an account.
Both deposits and withdrawals can be made free of charge and are very user-friendly.
IC Markets charges low trading and non-trading commissions.
No withdrawal or inactivity charges
The account opening process at IC Markets can be done in a user-friendly manner and is completely digital.
Credit/Debit card available
No deposit fee
Several account base currencies
MetaTrader provides the web trading platform for IC Markets. MetaTrader provides a platform that is customizable and available in multiple languages. It also offers a detailed fee report.
IC Markets Cons
IC Markets only offers CFDs and forex.
The live chat is slow and ineffective.
Investor protection is not available to non-EU clients.
CFDs have high financing rates.
Withdrawals are subject to some restrictions
FXTM was founded because trading was too exciting only for a few. As traders ourselves, we saw the potential for the internet to offer opportunities to anyone who was willing and able to learn. We established three guidelines to help others find their opportunities. Trust. Anyone who trades with us can do so with total confidence if there are the appropriate licensing and regulations in place. We pledged to keep customer funds separate, so no one would lose any of their money in the event that things go wrong. We promised to be transparent, open, honest, and truthful. Transparency and honesty were our promises. There would be no hidden fees or secrets in trading statistics. Access. Access should be easy. If Warren Buffet can trade it, it should be possible for it to be traded. Because you can't profit from what it isn’t, we offer access to world-class education that money cannot buy. Value. Value. Our agreement was to keep trading costs low and to work with our customers to make them profitable traders. After all, if you do well, we do well. Every action we take is still measured against the "three mores". Trust, accessibility and value. FXTM gives you more.
ForexTime Pros
Rapid registration and verification of accounts
Lower/tight spreads
Based on your knowledge and experience, flexible leverage may increase
Orders executed quickly
Suitable for people who do not pay or accept interest
FXTM offers flexible leverage, which will give you the competitive edge that you want
Our flexible leverage gives you the competitive edge that you need
You can trade gold with our leveraged and exchange traded funds
Regulated by multiple jurisdictions, even though they are not EU members
ForexTime Cons
High CFD fees
Inactivity and withdrawal charges
Limited product portfolio.
Trades involving standard lot 30 standard lots have extremely low maximum orders.
ECN accounts cannot be used for adding limit or stop levels to executions.
ECN accounts only allow for the addition of stop and limit levels to an executed execution.
Margin caps and leverage caps on ECN accounts
XM has over 600 employees who have extensive financial experience. Traders of all levels and languages choose XM as their broker of choice. We are a large broker and have the resources and experience to help investors achieve their investment goals. Our management has visited over 120 cities in order to meet clients and partners. We believe in human interaction. We have hosted hundreds of seminars around the world to help traders make better trading decisions. Traders have embraced XM throughout the years because of our exceptional customer service and refreshing approach. XM enjoys a high level of client retention.
XM Group Pros
In-house research is possible with Autochartist and Trading Central
Trades in non-CFD securities require a $10,000 deposit
Excellent research content, including podcasts and daily videos, as well as organized articles and other media.
There are many educational webinars, articles and Tradepedia courses.
MetaTrader Suite – Offers complete MetaTrader software that includes signals market to copy trades as well as an Analyzer algorithm.
XM Broker guarantees 100% execution and 99.35% orders delivered within minutes. No requotes guaranteed
There is no "markup" on narrow spreads (broker margins greater than spread).
There are more than 1000 trading instruments. There are more than 55 currency pairs available for trading. These include CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), as well as stocks.
Money withdrawals and replenishment are free of charge. XM Broker will pay all fees associated with payment systems.
XM Group Cons
Spreads for standard accounts may be more expensive than those of industry leaders.
The average spreads for the commission-based XM Zero account have not been published.
Broker is increasing the number of trading platforms that they offer. The broker offers 16 trading platforms, but they all use modified versions of MT4/MT5 to allow desktop and mobile trading.
Vantage is a global CFD broker with multi-assets that provides clients access to powerful and flexible CFD trading services on Forex, Indices, and Commodities. We take great pride and offer traders lightning-fast executions as well as competitive spreads. Our trading tools, drawing, analysis tools, market analysis and educational materials will help you make the most of CFD trading opportunities. Clients can access our markets through the powerful MetaTrader4 or MetaTrader5 platforms, as well as WebTrader and our mobile app. There are many payment options. Vantage gives traders an edge in trading.
Vantage Pros
Vantage is regulated in two jurisdictions tier-1, and one jurisdiction that tier-3. This makes it a safe broker (average risk) to trade forex/CFDs.
Indemnity insurance is considered an additional level of protection.
Vantage did an amazing job integrating TradingView into the MetaTrader suite.
Smart Trader add-ons are available for MetaTrader as well as multiple social copy-trading platforms (not in Australia).
Vantage has been ranked again among the Top MetaTrader Brokers and Best Copy Trading Brokers in 2022.
It's easy to use with a great graphic user interface. Business users can use it with basic training and query info.
Vantage Cons
Pro ECN accounts are not suitable for budget investors as they require a minimum deposit of $20,000
A $1,000 deposit is required to access the Pro Trader Tools powered By Trading Central.
Spreads for the Standard account are very low if you deposit less than $10,000. However, active trader rebates can be very appealing.
Teradata's functionality can be more restricted and difficult to use than Oracle.
OctaFX is your reliable partner in the Forex market. Our expertise will help forex traders make the right trading decisions. It's possible to experience it for yourself. Our exceptional services will help you gain access to the Forex market. We guarantee clear and accurate management of your funds, transparency in trading conditions, as well as an easy-to use service to deal with any other issues that might hinder you from making a profit. We offer the knowledge and tools to make sure you trade safely and efficiently. Every year, we strive to improve our standards to ensure that you have the best possible trading experience with OctaFX. We are the #1 Forex broker.
OctaFX Pros
MetaTrader 4, MetaTrader 5 or cTrader are all excellent platforms for trading.
Spreads as tight at 0.6 pip, no broker fees for withdrawals and deposits
Trading options include copy trade services, as well as access to a large range of assets.
Available minimum deposit. To trade, you must first deposit $100
CySEC has granted it permission to engage in brokerage activities in Cyprus.
Ability to choose the type of spread (fixed/floating) for MT4 accounts.
More than 97% executed orders without slippage
OctaFX Cons
CFDs cannot be traded via cTrader accounts.
Only a few investment options can generate passive income.
The list of payment methods is constantly changing.
The amount of EPS commissions is not indicated on the company website.