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The Best FREE Forex Trading Apps in South Africa are made available to South African forex traders at no cost.
- We reveal the best FREE iOS, Huawei, and Android Apps for beginner traders.
- We also reveal our recommended forex and stock trading app!
- Let’s dive into it… Updated for January 2023*
- Best low-spread apps for South African beginners.
✅ Free Forex Trading App | 📱Andoid App | 📈 IOS App | 🎓 Notable App Feature | 📊 Open an Account |
🥇 AvaTrade GO | Yes | Yes | Price alerts and real-time market quotes. | 👉 Download App |
🥈 Exness | Yes | Yes | Lowest Spreads in Africa | 👉 Download App |
🥉 FBS | Yes | Yes | Access to financial markets anytime and anywhere | 👉 Download App |
✔️XM | Yes | Yes | Full set of trade orders, including pending orders | 👉 Download App |
✔️FXTM | Yes | Yes | Cross-device trading | 👉 Download App |
✔️ Alpari Mobile | Yes | Yes | Integrates with MT4 and MT5 platforms | 👉 Download App |
✔️ Iress Mobile | Yes | Yes | Real-time pricing information for individual securities or indexes | 👉 Download App |
✔️ GO Markets | Yes | Yes | View all open trades in real-time | 👉 Download App |
✔️ IG | Yes | Yes | Trade CFDs with direct market access | 👉 Download App |
✔️ ThinkTrader | Yes | Yes | Multiple order closing at one click | 👉 Download App |
✔️ ThinkorSwim | Yes | Yes | Create and modify advanced orders | 👉 Download App |
✔️ TradeStation | Yes | Yes | Analyze Charts with Indicators | 👉 Download App |
✔️ OctaFX | Yes | Yes | Convenient filters | 👉 Download App |
✔️ XTrend | Yes | Yes | Tight spreads | 👉 Download App |
✔️ XTB Xstation | Yes | Yes | Trading Reports | 👉 Download App |
✔️ NetDania | Yes | Yes | Bitcoin price in real-time | 👉 Download App |
Trading Apps are available on smartphones and other smart devices offering investors complete flexibility to trade by downloading a Free Forex trading application.
10 Best Forex Trading Apps in South Africa (2023)
- ✔️AvaTradeGo App – Award-Winning Trading App
- ✔️FXTM Trader App – UX-friendly app
- ✔️FBS Trader App – on the go mobile trading app
- XM – Available in multiple languages
- Alpari Mobile – Lightweight Trading App
- FP Markets: User-friendly trading Mobile
- GO Markets -Available in iOS and Android
- IG Trading App – Metatrader Mobile
- ThinkTrader – Next Generation Mobile App
- thinkorswim Mobile – Perfect for Beginner Traders
AvaTradeGo App
AvaTrade is one of the most respected, oldest, and largest online brokerages in the world.
The company has won numerous awards for “Best Customer Support”, “Best Alert System”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker YEAR”.
Their AvaTradeGO app allows you to do social trading by following the best traders from all over the world.
AvaTrade GO Features
🔎 Trading App | Avatrade GO |
✅ Features | Price alerts and real-time market quotes on popular stocks CFDs |
Monitor social trends from the trader community | |
Register and deposit directly from the app | |
⚙️ Trading Instruments | Over 250 Forex and CFDs trading instruments |
📈 Leverage | Up to 30:1 leverage on various instruments |
🤝 Customer Service | Live Chat |
📌 Technical tools | Pivots, MACD, RSI and other leading indicators |
👉 Get App / Open an Account | 👉 Click Here |
AvaTrade GO Pros and Cons
✔️ Pros | ❌ Cons |
Quick and Easy to get set up and start trading | Only CFDs, Forex, and Crypto offered |
Free deposit and withdrawal options | No split-screen mode |
No withdrawals fees | Technical Analysis is difficult on mobile |
Competitive Forex fees | Administration fee |
FXTM Trader App
FXTM is a fully regulated Forex broker with traders from over 150 countries around the world using its services. They are popular for their automated trading features, which basically allows their system to automatically trade for you based on the strategy you set. This is beneficial to you if you are unable to watch the markets 24/7.
They are known for providing excellent educational resources for both the beginner and professional trader. Their mobile app, FXTM Trader, can be used on iOS and Android devices and lets you trade over 250 instruments from your mobile or tablet.
It is an all-in-one app so you can do all your trading and access related data from one device. The app is free to download but you will still need to pay for commissions on trades.
The broker also provides MetaTrader 4 and MetaTrader 5 if you prefer to use a platform that you are used to. However, their mobile app gets great reviews from customers, especially with their one-click trading in a matter of milliseconds.
FXTM Trader Features
🔎 Trading App | FXTM Trader App |
📌 Financial Instruments | Over 250 financial instruments |
⚙️ Features | Cross-device trading |
Easy-to-read trading dashboard | |
1-click trading | |
👉 Get App / Open an Account | 👉 Click Here |
Their mobile platform is known to give fast execution speeds when placing trades and is easy to use. Signing up on FXTM Trader is also relatively easy to do – you just sign up for an account, upload your verification documents, and transfer funds.
FXTM Pros and Cons
✔️ Pros | ❌ Cons |
Easy to use | Inactivity and withdrawal fees |
All-in-one mobile platform | High CFD fees |
Fast execution of trades | Not available in the US |
Low Forex fees | |
Fingerprint access |
FXTM is known for its strong customer support and is one of the few brokers with 24/7 support.
FBS Trader App
FBS recently became a Cyprus Broker, expanding its service to a European population for both new and professional traders with useful tools and a fully regulated trading service.
FBS Trader is an all-in-one trading platform app giving you access to the world’s most wanted trading instruments right from your pocket.
FBS Trader Features
🔎 Trading App | FBS Trader App |
✅ Features | Crosshair with informative price display |
Active orders are shown right on a chart | |
Detailed information for every asset | |
⚙️ Trading Instruments | Over 100 Crypto trading instruments |
📈 Leverage | Up to 1:30 leverage on various instruments |
🤝 Customer Service | Professional 24/7 chat support speaking 16 languages |
👉 Get App / Open an Account | 👉 Click Here |
FBS Trader Pros and Cons
✔️ Pros | ❌ Cons |
Easy-to-use application | |
Access to financial markets anytime | |
International and local payment methods | |
Professional 24/7 chat support speaking 16 languages | |
Easy-to-set risk management tools |
XM
XM Group is considered to be one of the brokers in the market with the most extensive experience and in-depth knowledge of the global financial market. XM Group is a good broker and for beginners, there are vast quantities of educational material, market analysis, webinars, and seminars held around the world. XM is also known to offer the best Forex platforms and mobile trading.
With XM you can trade via mobile using their integration to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), enabling clients to trade 1000 instruments through one login.
You can trade Forex, CFDs on shares, futures, indices, metals, and energies.
XM MT4 Features
📌 Trading | 📌 Advanced Trading | 📌 Technical Analysis |
Real-time quotes of Forex market | Fast switching between financial instruments on charts | Interactive real-time Forex charts with zoom and scroll option |
Full set of trade orders, including pending orders | Sound notifications assisting trading | 30 of the most popular technical indicators among traders |
Detailed online trading history | Customizable Forex chart color schemes | 24 analytical objects: lines, channels, geometric shapes, as well as Gann, Fibonacci and Elliott tools |
Trade levels visualizing the prices of pending orders, as well as SL and TP values on the chart | 9 timeframes | |
Free financial news — dozens of materials daily | 3 types of charts | |
Chat with any registered MQL5.community trader | ||
Support of push notifications from the desktop MetaTrader 4 platform and MQL5.community services | ||
Connection with hundreds of Forex Brokers |
XM MT5 Features
📌 Trading | 📌 Advanced Trading | 📌 Technical Analysis |
Real-time quotes of Forex & Stock markets | Fast switching between financial instruments on charts | Interactive real-time Forex & Stock charts with zoom and scroll options |
Full set of trade orders, including pending orders | Sound notifications assisting trading | 30 of the most popular technical indicators among traders |
All types of trade execution | Customizable Forex & Stock chart color schemes | 24 analytical objects: lines, channels, geometric shapes, as well as Gann, Fibonacci and Elliott tools |
Detailed online trading history | Trade levels visualizing the prices of pending orders | 9 timeframes |
Free financial news — dozens of materials daily | 3 types of charts | |
Chat with any registered MQL5.community trader | ||
Support of push notifications from the desktop MetaTrader 5 platform and MQL5.community services | ||
Connection with hundreds of Forex & Stock Brokers |
XM Pros and Cons
✔️ Pros | ❌ Cons |
Variety of financial instruments | No hedging |
Option of MT4 and MT5 mobile trading | Might not be the best platform for beginners |
Excellent research, tools and news | Access to all features will require a purchase |
Mobile is easy to use | MT5 mobile platform is a bit buggy compared to MT4 |
Alpari Mobile
Alpari Financial Services Ltd (Alpari) is one of the world’s leading independent Forex brokers that provides online trading services on the international currency market. There are a few things that make Alpari attractive and unique to both beginner traders and experienced traders alike.
As a beginner, you’ll be able to enjoy access to a free demo account, a micro account, and social trading. If you’re an experienced trader, not only can you enjoy ECN trading, but you can also make some extra cash by becoming a Strategy Manager. As a Strategy Manager, other traders can copy your trades, and you make a percentage of their earnings
Alpari also offers a variety of account types, advantageous trading conditions, and quality customer service that makes this a good choice for all types of traders. From the mobile app side, Alpari Mobile integrates with MT4 and MT5 platforms with the same features as above.
The most beneficial aspect of Alpari Mobile is the one-click deposits and instant withdrawals, economic events calendar, and going straight from analytical reviews to trading.
Alpari Mobile Pros and Cons
✔️ Pros | ❌ Cons |
Low minimum deposit | Limited educational resources |
Analyze the market, manage your funds, and trade on the mobile app | Bugs in MT4 |
A diverse selection of tradeable assets | Lack of resource tools |
Demo accounts on mobile | |
Easy and quick account opening |
FP Markets: Iress Mobile
FP Markets is a good well-rounded broker that has decent offerings all around. This combined with great pricing makes them a good choice for all types of traders. They are also known for their excellent client support over multiple languages and have been awarded “The Highest Overall Client Satisfaction Award” by Investment Trends 2016 Australia CFD Report.
FP Markets in order to elevate your trading experience provides you with Iress platform, a new and improved, comprehensive active trader platform, with advanced functionalities.
Iress Mobile Features
🔎 Trading App | Iress Mobile |
📌 Features | Real-time pricing information for individual securities or indexes |
Read company-specific and market-related news | |
Access existing watchlists associated with your IRESS login, or build and modify watchlists directly in the app | |
Create, modify and delete all orders associated with IRESS login | |
Filter orders by date or status | |
View current holdings in your trading account | |
Refresh data at the touch of a button | |
Secure access to the market | |
Security data and charts | |
Portrait and landscape orientation | |
Encrypted passwords and orders | |
👉 Get App / Open Account | 👉 Click Here |
Iress Mobile Pros and Cons
✔️ Pros | ❌ Cons |
Great educational tools | Issues with some updates of the app |
Great customer service | Not great performance if you trading CFDs |
Encryption on mobile is a big plus | |
Low Forex fees |
GO Markets
GO Markets is a solid broker with lots of features. Go Markets probably fits all kinds of traders whether you are a beginner or experienced trader. GO Markets offers very low Forex fees, solid analytics, and excellent educational tools.
You can be up and running very quickly as both account opening and depositing is super easy and fast. Additionally, you’ll get many high-quality educational tools ranging from a demo account to an e-book.
Overall, GO Markets is an incredibly strong Forex and CFD broker for traders. Great customer service and good spreads make it an attractive option. GO Markets is a broker that is well worth considering.
GO Markets Features
🔎 MT4 Features | 🔎 Android Features |
Android and iPhone | Separate app |
Receive MT4 internal mail | Trade directly from your mobile device |
Economic calendar and markets news | Real-time binary options |
Access up to 30 technical indicators | Trade binary options 24/5 |
View real-time pricing and execution | Access to your full transaction history |
Open and close positions | View all open trades in real-time |
Place buy/sell orders |
GO Markets Pros and Cons
✔️ Pros | ❌ Cons |
Low minimum deposit and low commissions | Binary options only available on Android |
Very fast execution of trades | Mobile platforms can be a bit buggy at times |
Good trading analysis tools on offer | |
Demo option available |
IG Trading App
IG is one of the most regulated and trusted platforms globally and offers traders an extensive list of tradeable products, excellent research and trading tools, as well as industry-leading educational support, and competitive rates. This platform’s great all-around experience makes IG one of the best overall brokers in the market today.
You can trade with over 16 000 financial markets via the Mobile App including Forex, shares, indices, and commodities. IG is one of the few platforms that serve traders of all experience levels, whether beginner or experienced trader.
IG Features
🔎 Trading App | IG |
📊 Interactive Charts | ✔️ Yes |
📈 Technical Indicators | ✔️ Yes |
📢 Price alerts | ✔️ Yes |
📌 Features | Keep track of your positions easily |
Trade CFDs with direct market access | |
Manage your risk with a range of stops and limits | |
Trade shares and forex CFDs with direct market access | |
🗓️ Daily economic calendar | ✔️ Yes |
IG Pros and Cons
✔️ Pros | ❌ Cons |
Access exclusive data and expert analysis day or night | Account verification is a bit slow |
Very helpful team | App is not very user friendly for the first time trader |
Excellent educational programs | Phone support could be improved |
Secure 256-bit SSL encryption technology | Spread betting only in the UK |
Very good deposit and withdrawal options | High stock CFD fees |
ThinkTrader
ThinkTrader from ThinkMarkets is an advanced trading tool that combines analytics with an easy to the user interface to help you quickly track the best currencies and stocks. Offering 14 different advanced chart types and integrating intelligence indicators and drawing tools, this platform can help you quickly analyze your target with ease.
Initially only developed for desktop computers, the company realized its potential and developed the platform for mobile devices.
The mobile app comes included with a touch-enabled trade management system as well as split-screen and quad-screen modes, which makes it easy for you to keep your eye on several markets at a time.
ThinkTrader Features
🔎 Trading App | ThinkTrader |
📊 Live Pricing Charts | Yes |
📌 Technical Indicators | 100+ |
📈 Analytical Objects | 40+ |
📉 Timeframes | 12 |
📝 Types of Charts | 10 |
✅ Features | Multiple order closing at one click |
Ability to set price alerts | |
Multiple watchlists | |
👉 Get App / Open an Account | 👉 Click Here |
ThinkTrader Pros and Cons
✔️ Pros | ❌ Cons |
Easy, fast and straightforward | No bonus offers |
Trend risk scanner | Some charts lag |
Variety of technical indicators | The new version of app takes getting too use to if you used the old one |
Free iOS and Android apps | Removal of Traders gym feature to backtest strategies |
More advanced tools compared to MT4 | Irritating time wheel |
ThinkorSwim Mobile
One of America’s largest mobile Forex trading platforms, ThinkorSwim from TD Ameritrade offers excellent educational tools to help traders reduce the risks associated with Forex trading.
The company offers commission-free stock trading through its mobile app which has a wide range of investment vehicles for trading, trading platforms for stocks and shares as well as Forex.
Information is accessed in a clear and easy-to-read way and if you are new to currency trading this app will help you become better prepared.
ThinkorSwim Features
🔎 Trading App | ThinkorSwim |
🕛 Real-Time Trading | Yes |
📌 Push Notification | Yes |
✅ Features | Trade stocks, complex options, futures, and forex |
Create and modify advanced orders | |
Scan multi-touch charts with hundreds of studies | |
Chart drawings will sync with the thinkorswim platform | |
Track an Modify Watchlists |
ThinkorSwim Pros and Cons
✔️ Pros | ❌ Cons |
Excellent educational tools updated regularly | Can be overwhelming for Forex |
Built by professional traders for traders | A bit intimidating |
Best live pricing app | App looks and feels outdated |
Considered a good solid mobile app | Beginners will find the app difficult to navigate |
A step up from other basic apps | |
Commission-free stock options |
TradeStation
TradeStation is a US-based brokerage for individual and institutional traders in the US and globally. The company is known for its very advanced tools and technology which makes them perfect for this list, even if it is not a traditional Forex broker.
TradeStation offers stocks, ETFs, futures, options and bonds. What makes this app so appealing is the power of the variety of software products, including a wide range of indicators, strategies and other innovative apps.
TradeStation Features
🔎 Trading App | Tradestation |
✅ Real-Time trading | Stocks, indices, options, futures and cryptocurrencies |
📌 Features | Matrix |
Analyze Charts with Indicators |
TradeStation Pros and Cons
✔️ Pros | ❌ Cons |
Personalized support | Currency ETFs only |
Good range of educational tools | The app is not functional until money is deposited |
Easy to use if you take the classes | Not as user friendly as competitors |
Commission-free plans on ETFs | Not great for beginners |
Access to over 2000 exchange-traded funds |
OctaFX Trading App
A regulated Forex broker that was founded in 2011, OctaFX will appeal to most traders from both beginners and professionals alike. Featuring excellent analytical sections and a range of tools that will be useful for trading such as AutoCharist, copy trading, and an account monitoring service where you can learn from other successful traders.
They offer both a mobile app for Forex trading and a social copy trading App. For the purposes of this article, we will be focusing on the Forex trading app. The OctaFX Trading App is a full trading account with excellent tools to manage your OctaFX personal profiles, control real, demo, and contest accounts, and manage deposits.
As well as controlling your trading accounts and monitoring balance statistics, the OcatFX app has added integrations with trading platforms, so you can start trading quickly and easily. Choose an account, choose the trading application and access it via OctaFX Trading App Accounts.
OctaFX Features
🔎 Trading App | OctaFX |
✅ Features | Popular payment options |
Convenient filters | |
Manage trading accounts | |
👉 Get App / Open an Account | 👉 Click Here |
OctaFX Pros and Cons
✔️ Pros | ❌ Cons |
Regulated by SVGFSA | Limited assets |
Unlimited demo account | Low Crypto coverage |
Advanced technology | No VPS |
Forex and CFDs offered | No education tools on Forex |
More than 80 pairs to trade | No clients from USA, Canada, Belgium, or others outside EU |
XTrend App
XTrend was created for use with mobile devices to allow Forex trading on the go and has become popular with European traders.
It is a smart app that is simple to use and has a wealth of features, plus it’s fun to use.
XTrend Features
🔎 Trading App | XTrend |
💵 Minimum Deposit | $10 |
📌 Instruments | Forex, Gold & Silver |
📝 Trading Reports | Yes |
📈 Tight spreads | Yes |
XTrend Pros and Cons
✔️ Pros | ❌ Cons |
100% secure transactions | Customer service response is slow |
Social trading network | Verification and signup are problematic |
Tight spreads lower than 1 pip | Problems with withdrawals |
Tight spreads lower than 1 pip | |
Loyalty points |
XTB xStation Mobile
XTB is a leader in the Forex trading space offering reasonable trading conditions, as well as fantastic educational and analytics material. XTB has also developed an award-winning proprietary trading platform that goes beyond MT4 to offer their clients easy-to-use functionality along with faster execution speeds.
The xStation mobile app is very well designed and friendly to use, with a superb search function allowing you to find products or browse different categories. With alerts, you get notified of prices and important market news, one of the huge benefits of any mobile trading app.
xStation Features
🔎 Trading App | XTrend |
💵 Minimum Deposit | $10 |
📌 Instruments | Forex, Gold & Silver |
📝 Trading Reports | Yes |
📈 Tight spreads | Yes |
xStation Pros and Cons
✔️ Pros | ❌ Cons |
Low Forex and stock index CFD fees | High fee for stock CFD |
Easy to use | Could add more indicators |
Low spreads | Limited product portfolio, mostly CFD and FX |
Free and fast deposit and withdrawal in the app | Slow email support |
Easy and fast account opening | Some graphics are too small in news feed |
Online Trading Academy and extensive video library | |
In app chat mode |
NetDania Stock & Forex Trader
NetDania stock and Forex trading app provide you with an overview of the financial market, includes price quotes for popular cryptocurrencies in real-time.
It includes 20,000 financial instruments and more than 2,200 currency pairs, delivers real-time news, customized trading alerts an economic calendar and six types of charts.
All of these features combine to give Forex traders a comprehensive understanding of the current market and are available for both iOS and Android.
This app includes the world’s most traded instruments and is delivered by Trading Central. All you need to do to get free access is create a demo or live trading account with FXCM or InterTrader.
NetDania Features
🔎 Trading App | NetDania |
📌 Features | Bitcoin price in real-time |
Synchronization with NetDania NetStation for desktop | |
Free demo trading account | |
💵 Currency Pairs | 2,200+ |
✅ Real-time stock indices | ✔️ Yes |
✅ Economic calendar | ✔️ Yes |
NetDania Pros and Cons
✔️ Pros | ❌ Cons |
Excellent speeds | Can be overwhelming for some |
Great features for a free App | The paid version is expensive |
Ability to build algorithms and set alerts. No programming skills are required | Beginners might require some additional knowledge |
Excellent technical analysis | Updates affect user experience |
Great financial news and Forex calendar | Ads are annoying |
Conclusion
Overall, Free Forex trading apps have become the easy way to access services such as banking, ordering a taxi, booking travel arrangements, shopping, and much more.
Forex Trading Apps are used for a variety of reasons, including:
- Getting market data and news
- Learning how to trade Forex
- Forex trading
- Accessing charts and trading patterns
- Sourcing trading ideas
Frequently Asked Questions
What is a Forex trading app?
A Forex trading app is a mini version of a full-fledged trading platform on your smartphone.
Which app is the best for forex trading in South Africa?
The Best Free Forex Trading app will be dependent on the user themselves. The list of the best forex trading apps in South Africa may help to narrow down the choices.
Can Forex be traded on smartphones?
Yes, absolutely. It allows you trade around your very busy schedule. You just need your smartphone or tablet and a stable internet connecting.
Are there any extra costs involved in trading forex on a smartphone?
Apps to trade forex in South Africa are available at no extra cost.
Featured SA Shares Writer and Forex Analyst.
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