Which South African Forex Broker Has The Best Modern Tools?

Good Morning,

I think Easy Markets South Africa has the some of the best trading tools on a forex brokers wish list.

Check out their FREEZE RATE tool that lets you pause the market ad secure an entry price.

There's also a DEAL CANCELLATION tool that lets you cancel an order that has already been opened and reverse the losses.

Hope you find this useful.

Is there a specific reason you don't want to use MetaTrader? Most of the forex brokers in South Africa offer their own proprietary platforms.

Just go to any broker's website, and there you will see their platforms.

My suggestion is to first select a regulated broker, don't choose a broker just because of a platform. Compare their spreads for the instruments that you normally trade.

For example, I don't think it makes sense to use a broker's proprietary platform if the broker offers like 1.5 pips spreads on EUR/USD. The broker I trade with has 0.3 pips spread during London.

My point is that you should consider many other things as well.

Also look at Plus500 South Africa, they offer good trading tools on their Plus500 Trading Apps

If you're in South Africa, I would say go for a forex broker that gives you access to the TradingView platform because that is where you will find the best tools (especially for charting).

South African forex brokers like FP Markets & IG South Africa will gives you access to TradingView and you will get the best forex trading tools at your disposal.

AvaTrade also has great tools although this broker is quite pricy. Their AvaProtect tool refunds you for losses on a trade when activated but you pay for this service. Their Guardian Angel is also another great trading companion for MT4.