How To ... Start trading on the JSE
5 stars based on
Although there are some powerful trading platforms available to South Cheapest online trading platform south africa, the majority of them fall short in two ways: So, here is a suggestion for an easy way to get started, with no monthly fees, but without all the extra features like margin trading, limit orders and so forth. If you prefer, you can also steer your own investments. In addition to stocks, they also support things like forex trading, ETFs and commodities.
You will be asked to cheapest online trading platform south africa your email address and your mobile phone number. You can opt out of all marketing communication from them this is something where other trading platforms will hound you for months on end, kudos to eToro for not taking that approach. Depending on the deposit size you want to make, you may be required to send in cheapest online trading platform south africa of physical address. The easiest way to make a deposit is with your credit card.
If you are making a deposit of USD, you would expect ZAR to be withdrawn from your card, but your bank will levy a variable fee on the transaction. The deposit should show on eToro instantly and the full amount settled should show in your South African bank account in about days.
No, before you buy stocks, do some research. I suggest taking some of your money and buying a few boring stocks think IBM, Google, Apple and taking some of your money and copying other traders.
You can withdraw to your local bank account or the funds can directly be paid back via the credit card you used to deposit, which again is by far the easiest and cheapest way on small amounts. Five year performance of the ZAR against the USD Although there are some powerful trading platforms available to South Africans, the majority of them fall short in two ways: Sign up and get verified Sign up here: This is not investment advice and purely for cheapest online trading platform south africa purposes.
Learn about the amount of money South Africans may send abroad or use for non-ZAR payments each year. Discuss large financial matters with a registered financial planner.
By Werner van Rooyen November 3, Bitcoin to rand — price calculator and chart. Home About me The Luno blog Contact me.