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.