As more people in Africa resort to trading their assets – including stocks, forex, and indices – at online trading platforms, it is important to choose a platform that supports lots of markets, great fees, security, and a friendly customer care system.
Trade is a significant driver of economic growth. As its population keeps multiplying over the past few decades, financial trading in Africa has grown massively. It is not a strange fact that financial activities attract illicit agendas. For this reason, trading within the continent is regulated to promote fairness and security. There are several stock trading platforms in Africa. As a result, this detailed guide is written to introduce the best trading platforms within Africa. Now, let’s dive in!
Top 5 trading platforms in Africa
The importance of trading at a good online trading platform cannot be stressed enough. Yet, it can be a daunting task to select the best. For this reason, a list of the top-rated trading platform in Africa is presented below:
Founded in 1978, Interactive Brokers has established itself as one of the biggest brokerage firms across the globe. There are more than 24 offices scattered across 14 different countries. Interactive Brokers has a low trading fee and a wide variety of security measures. It boasts low margin rates, which ranks as one of the industry’s best. It covers over 135 markets and several exchanges. It is properly regulated by some of the most reliable regulatory agencies worldwide. Investors can trade and invest in forex, stocks, cryptocurrencies, hedge funds, mutual funds, bonds, ETFs, and gold. Besides the provision of several options, its mobile app is easy to navigate. This exceptional platform is highly recommended by tradingplatforms.com UK
This is one of the world’s leading social trading platforms, which is trusted by a plethora of users across the continent. Its mobile app presents a range of financial assets for both beginners and experienced investors. It supports Credit cards, Bank Transfer, and PayPal. It offers its customers negative balance protection. Besides providing users with low and transparent fees, eToro offers over 2000 financial instruments across several classes, including stocks and crypto. To ensure that its clients can enjoy various advanced trading features and use financial instruments that cannot be traded normally, eToro employs the use of Contracts for Difference (CFDs).
This trading platform was founded in 1997 and provides service to over 2.2 million users across 11 different countries. It is a reputable platform – with over 30 awards for its excellence – to trade from. It is a fully regulated online broker with a reliable brand. Traders can choose over 200 assets and trade across a range of various industries. This includes:
- 100 stocks
- 50+ cryptocurrencies
- 6 agricultural assets
- 5 metals
- 50+ currency pairs
- 18 indices
- 5 oil/gas instruments
- 10 ETFs
This is a reputable fintech company that offers its users CFD online trading services. Established in 2008, it boasts over 2000 CFDs. It also provides over 2,500 financial instruments. With an easy-to-use mobile app, Plus500 offers CFDs on ETFs, cryptocurrencies, indices, commodities, shares, and many more. It is regulated by FCA, CySec, ASIC, FSA, and MSA. This platform has a mobile app that is simple to navigate and with this, registering an account is fast and easy.
This trading platform was founded in 2006 and traders have access to a range of CFDs, forex, and cryptocurrencies. Setting up an account is easy and the entire trading process, from this first step to the withdrawal, complies with global regulation. It provides over 250 trading instruments and 24/7 cryptocurrency trading. Besides accepting Bank Transfer, Credit cards, and PayPal, AvaTrade is devoted to ensuring that its users can trade with confidence, offering a secure environment, and protecting the privacy and safety of its traders.
The best trading platforms offer investors several top features, including a good mobile app, fast execution of transactions, and a great selection of research. These platforms mentioned above present their users with an excellent trading experience.