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GT247.COM is the #1 online stockbroker and one of the cheapest trading platforms in South Africa. Our tighter spreads, no platform or monthly fees mean more of your funds go towards your trading, not on costs. Less cost = More profit.
GT247.COM is a subsidiary and a juristic representative of Purple Group Limited, an authorised Financial Services Provider by the Financial Services Board (FSB) of South Africa, FSB License No. 46315.
They have been offering trading services to South Africans since 2000. They have a minimum deposit of just R2,000 and rather than charging spreads like other brokers, they have an innovative concept of shading that make it easy and cheap for traders to trade. Try them out, you won t be disappointed.
My Preferred Broker Is Blackstone Futures
I Trade A Live Account With Them Too
Blackstone Futures is regulated by the FSB with registration number 38782.
Trading Forex, Commodities, Indices and Equity markets in South Africa has never been this appealing with them.
I had a conversation with the CEO of Blackstone Futures and he seems devoted to making an impact in the South African market.
Since their launch in 2009, trader feedback has been nothing but positive.
If you are looking for an ECN/STP/Non-market maker which allows you to fund and trade in ZAR, then Blackstone Futures is for you.
No currency conversion fees! No commissions! Blackstone Futures make withdrawals just as quick as depositing, with next day withdrawals.
They re conveniently located in The Business Exchange, Rivonia Road, Sandton 2057, South Africa and you can visit them anytime.
Expert or Beginner, they offer a solid platform to grow as a trader.
Top notch educational material combined with a morning Daily Market Commentary release to broaden your outlook. Need a helping hand?
Their resident expert shares his knowledge and expertise surrounding the Financial Markets.
Trade on MT4 or their Cloudtrade platform!
Try them out, open a demo account here. Or a live account and start trading.
They also offer a SUB-IB account and you can sign up by clicking here.
One Of The Best South African Regulated Broker is CMTrading
CMTrading is regulated with the FSB with number 38782.
With a welcome bonus that goes all the way up to $2000 its easy to trade using their money if you re just starting out and want some added funds. The best thing about them is that they offer local deposits in South African Rands to fund your trading account. This makes it easier for us Saffers to start trading.
More importantly getting your profits out is so easier as its a normal local EFT to your bank account and not a wire transfer where you have to wait a week so you ll get it to spend it faster (just remember there s no short cuts to a being a professional trader and you have to take the time and effort to educate yourself with what s important.
You ll end up paying for it anyway in blown accounts. I ve recently written a short review, if you have any experience with them, I d love to hear it. Click here and tell me what you think of them
They have an easy to sign up for sub-affiliate program so that you can also make money passively from referring other affiliate marketers to earn a passive income.
Mt.Cook Is For The Professional Trader
Or For Those Joining A Mirror Trading Service
Mt.Cook shares a FSB number of Khwezi Trade which is 44816. In perfectly legal terms, they are an authorized juristic representative. Essentially what it means is that they are licensed to thrill South African traders with their excellent trading conditions.
As you can read for yourself from their story, they started out as traders themselves but then started managing other people s money and were frustrated by the lack of response from their brokers (most Retail Forex Brokers cater mostly to retail traders and churning them through until their live accounts are blown.
They are a specialist brokerage providing service exclusively to Money Managers, Qualified Signal Providers, Professional Self-Directed Traders, Market Participants/Funds, and Small-Medium Institutions.
if you are a private trader, you must meet their stringent qualifying criteria, but with their excellent trading conditions (ECN, DMA STP and all that jazz) you will happy that you chose them to trade with. They waive their minimum requirements if you re signing up for some managed solution (I m in the process of creating a PAMM, I ve found a trader who shows promise to manage money, its still early days but get in contact if you d like to learn more about this opportunity)
They have offices in Cape Town, though they only fund via Bank Transfer (not credit card) but don t let this distract you from trading with them if your circumstances demand you use a superior broker.
BDSwiss Offers 24/7 Bitcoin Trading
BDSwiss Holding PLC is authorised and licensed by CYSEC (EU) (License No. 199/13) and I m beginning to be involved with this broker in a deeper way these days.
They re one of my all-time favorite broker when it comes to trading Forex and CFDs.
BDSwiss offers a number of financial products, platforms and account types so that everyone, from the novice trader to the market veteran, can find the tools, support and education they need to trade the Financial Markets.
To begin with, BDSwiss offers some of the lowest spreads and highest leverage ratios in the markets. You can place positions that are as much as 400 times greater than their invested capital using leverage and take advantage of both falling and rising prices.
You may use more than 50 indicators to help you determine future price direction and there are more than 250 tradeable assets available to choose from, including, commodities like gold and silver, indices like the FTSE100, shares like Google and Apple and of course currency pairs such as the EUR/USD.
BDSwiss also offers a number of platforms for those of you who wish to take trading on the go. You can choose to download the MetaTrader 4 as a desktop application but you may also wish to place your trades on their WebTrader, which includes the same indicators, functionalities and features. Their mobile application was developed in-house and it is intuitive, highly responsive and fully compatible with both iOS and Android devices.
For me personally, BDSwiss’ most attractive feature is their adamant support and abundance of educational resources. They go above and beyond to help their traders succeed. They will answer any question and give you a free introduction to the world of trading presenting both the risks and rewards involved!
Their helpful staff will be there to assist you in anything you might need from making your first deposit to placing your positions on the MT4. In their Education Center you can find free e-courses, video tutorials, market overviews, weekly asset analysis and a great number of webinars to choose from all for free!
BDSwiss is undeniably at the top of my preferred broker list when it comes to secure trading, great potential returns and education opportunities. If you are looking for the optimal trading experience, BDSwiss is your go-to broker!