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The Top 8 Forex Trading Apps for Beginners in South Africa for 2023
Experience the growing popularity of mobile trading apps among South African traders, offering a convenient way to manage trades and monitor the markets from anywhere in the world.
Based on our testing and analysis, the HFM app by HF Markets emerges as the leading forex trading app for South African users.
Most retail forex traders in South Africa opt for discount brokers who provide cost-effective do-it-yourself forex apps due to the lack of substantial capital for full-service brokers.
Best Forex Trading Apps in South Africa
- HFM App – The Overall Best Forex Trading App
- Exness Trader App – Best App with Lowest Fees
- XM App – Ideal for No Commission Trading
- FXTM Trader – Secure App for Forex with Biometrics
- IC Markets MetaTrader App – Low-Cost Forex App
- AvaTradeGo App – Good Forex App with Social Trading
- Tickmill – Quality Forex Trading App from a Regulated Broker
- FxPro – Forex Trading App with Multiple Account types
Our criteria for selecting these apps included comparing FSCA-regulated brokers in South Africa based on their local regulation, compatibility across various devices, number of downloads on App Store & Play Store, total fees, and availability of ZAR base account currency.
#1. HFM App – The Overall Best Forex Trading App in South Africa
Established in 2010, HF Markets operates in South Africa as HF Markets SA (PTY) Ltd. and is regulated by the Financial Sector Conduct Authority (FSCA) under the FSP No. 46632. It presents top-notch security features and a range of payment methods in ZAR.
HF Markets’ HFM app also offers comprehensive customer support and a variety of trading conditions to suit different trading styles.
#2. Exness Trader App – Best Forex Trading App with Lowest Fees
Exness Global Limited, with its app providing a wide range of tradable instruments, stands out for its low fees and strong security measures like biometric authentication, making it a favorable choice among South African traders.
#3. XM App – Forex Trading App with No Commission Trading
The XM mobile app, with over 5 million downloads, is favored for its no-commission trading and strong regulatory backing, providing a reliable platform for South African traders.
#4. FXTM Trader – Secure App for Forex Trading with Biometrics
FXTM’s secure mobile app offers traders 250+ financial instruments and strong security features like biometrics, making it a trusted choice among South African traders who prioritize safety in their trading activities.
#5. IC Markets MetaTrader App – Low-Cost Forex App in South Africa
IC Markets, established in 2007, offers a low-cost forex app with robust security features and a diverse range of tradable instruments, catering to the needs of South African traders seeking efficient yet cost-effective trading opportunities.
#6. AvaTradeGo App – Good Forex App with Social Trading
AvaTrade’s mobile app with social trading features provides South African traders access to a range of asset classes and a user-friendly interface, catering to those interested in social and copy trading.
How to Choose the Best Forex Trading App in South Africa?
When deciding on the ideal forex trading app in South Africa, consider factors like regulation, compatibility, demo accounts, local payment options, app ratings, account minimums, security, user interface, social trading, investment options, and customer support.
Comparison of Best Forex Trading Apps in South Africa
Here’s a comparison of key features among popular forex trading apps for South African traders.
Name of Forex App | Compatibility | Downloads on Play Store | GBP/USD Average Spread | ZAR Account Availability |
HFM app | Android & iOS | 1 million+ | 1.9pips | Yes |
Exness Trade | Android, & iOS | 10 million+ | 1.2pips | Yes |
XM App | Android & iOS | 5 million+ | 1.9pips | Yes |
FXTM Trader | Android & iOS | 1 million+ | 1.5pips | No |
IC Market MetaTrader | Android & iOS | 100,000 Plus | 0.83pips | No |
AvaTradeGO | Android & iOS | 1 million+ | 1.5pips | Yes |
Tickmill App | Android & iOS | 50,000+ | 1 pip | Yes |
FxPro MetaTrader | Android & iOS | 5 million+ | 1.9 pips | Yes |
Frequently Asked Questions – Best Forex Trading Apps in South Africa
Which is the easiest to use forex trading app in South Africa?
The HFM app by HF Markets is a top choice for forex trading, providing a user-friendly interface and robust security features for South African traders.
What Is the Best Android App for Forex Trading?
The HFM app by HF Markets is considered the best android app for forex trading.
What are the best MT4 app to open account with?
Exness offers the best MT4 app, Exness Trade App, providing advanced capabilities for trading and positive user reviews.
Are forex trading apps legal in South Africa?
Yes, forex trading apps are legal in South Africa, but it’s crucial to utilize apps from regulated forex brokers to safeguard your capital.
The post The Top 8 Forex Trading Apps for Beginners in South Africa for 2023 appeared first on NewsNow Nigeria.
Education
1ST NIGERIAN TERTIARY INSTITUTIONS CONFERENCE ON UN SUSTAINABLE DEVELOPMENT GOALS (SDGS) ESSAY COMPETITION
Competition Overview:
The SDG Youth Essay Competition offers a grand prize of N1 million for the top three winners, along with free sponsorship to attend the 1st Nigeria Tertiary Institution Conference on Sustainable Development Goals (SDGs) in April 2024 in Abuja.
Competition Requirements:
1. Eligibility:
– Open exclusively to undergraduates in Nigerian tertiary institutions.
2. Entry Guidelines:
– Topic:The Role of Students in Attainment of SDG4
– length: Essays should be 1500 words.
– Entry Period: Thursday, February 1, 2024 – Thursday, February 29, 2024
– Referencing: APA Style (6th Edition).
– Font: Times New Roman, 12-point font size.
– Documentation: Typed in 1.5 line spacing, MS Word format only.
– Plagiarism: Only original content is accepted; plagiarized entries will be disqualified.
Benefits:
– Prizes:
– 1st Prize: N500,000
– 2nd Prize: N300,000
– 3rd Prize: N200,000
– Winners will also receive free sponsorship to attend the 1st Nigeria Tertiary Institution Conference on Sustainable Development Goals (SDGs) in April 2024 in Abuja.
Required Documents:
– Student’s Institution ID Card
– Copy of Student’s Admission Letter
– One recent passport-size photograph
– WhatsApp telephone number and email address
Application Procedure:
– All entries and submissions (essay and required documents) should be scanned and sent to nigeriaessay@sdgyouth.org before the deadline.
For Further Inquiries:
– Call: 08068931151, 08133846739, 07067772964
– Email: nigeriaessay@sdgyouth.org
Deadline: February 29th, 2024
Don’t miss this opportunity to contribute to achieving SDG4 and win exciting prizes. Submit your entry and required documents before the deadline. For any inquiries, feel free to contact them via phone or email.
Education
PENTAGON PARTNERS NATIONAL ESSAY COMPETITION FOR UNDERGRADUATE LAW STUDENTS
Competition Overview:
The National Essay Competition invites undergraduate law students to showcase their expertise and contribute to the discourse on AI, privacy, and data protection. In addition to cash prizes, participants have the chance to intern with Pentagon Partners, gaining valuable hands-on experience.
Competition Requirements:
1. Eligibility:
– The competition is open to 400-level and 500-level undergraduate law students in Nigerian universities.
2. Essay Requirements:
– Length: Essays should not exceed 1500 words.
– Format: Double spaced, 12pt Times New Roman font.
– References: OSCOLA format for citations with 10pt font size for footnotes and endnotes.
– Submission Format: Essays must be submitted in PDF format.
– Entrant Details: Include full names, school, level, phone number, and email address in both the body of the email and on the last page of the essay.
– Single Entry: Each entrant is allowed only one submission.
– Originality: Plagiarism will result in automatic disqualification.
Competition Benefits and Timeline:
1. Prizes:
– Winner: N200,000
– 1st Runner Up: N150,000
– 2nd Runner Up: N100,000
2. Internship Opportunity:
– In addition to cash prizes, winners have the exclusive opportunity to intern with Pentagon Partners, enhancing their career prospects.
Application Procedure:
– Interested participants should submit their essays to essay@pentagonpartnerslp.com during the submission period.
– The subject of the email should be the Essay topic
For additional information and updates, visit www.pentagonpartnerslp.com.
Deadline: March 22nd, 2024
Don’t miss this chance to showcase your legal expertise, contribute to important discussions on AI and law, and vie for enticing cash prizes. Pentagon Partners looks forward to receiving your submissions.
Education
SYSTEMSPECS CHILDREN’S DAY ESSAY COMPETITION (CDEC), 2024
Purpose:
Inaugurated in 2020, the CDEC is part of SystemSpecs’ Corporate Social Responsibility (CSR) commitment to promoting capacity development in the Nigerian ICT industry. By encouraging young Nigerians to tackle everyday issues, the competition contributes to intellectual growth and societal progress.
Topic:
The theme for the 2024 competition is “Protecting the Nigerian Child from the Dangers of Online Technology.” Participants are tasked with exploring strategies to safeguard children in an increasingly digital world.
Eligibility:
– Open to primary and secondary school students in Nigeria aged 9 to 16.
– Junior category (ages 9 to 12) essays must not exceed 1,000 words.
– Senior category (ages 13 to 16) essays must not exceed 1,500 words.
Prizes:
– Winners will receive generous rewards, including a high-capacity laptop, premium headphones, a portable laptop stand, a smart wristwatch, and one year of internet data, among other items.
– Consolation prizes will be awarded to other participants.
Application Process:
– Interested candidates should access the application page
– Essays must be written in English and reflect original thought.
– Each participant is limited to one entry.
– Entries must be endorsed by an accredited school official, parent, or legal guardian.
– Deadline for submissions is April 12, 2024.
Submission Guidelines:
– All submissions must be in PDF format and include the student’s name, home and school addresses, email address, and contact phone number.
– Double entries will result in automatic disqualification.
– Submissions must be received by March 15, 2024, at 5:00 p.m.
Notification of Winners:
– Successful students and schools will be contacted in the second quarter of the year.
– Updates on winners will be announced on @nercng social media platforms.
The SystemSpecs Children’s Day Essay Competition offers a unique opportunity for Nigerian students to demonstrate their creativity and problem-solving skills. By addressing the theme of online child protection, participants contribute to building a safer and more secure digital environment for all. We encourage eligible students to seize this opportunity and showcase their talent and ingenuity.
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