Top 5 Best Forex Trading Apps in South Africa: (Updated 2024) 📱

The Best Forex Trading Apps In South Africa

With the advent of technology, forex trading apps in South Africa have made it easier to trade on the go and from the comfort of your home.

From user-friendly platforms for beginners to advanced tools for experienced traders, we've compiled a list of the top forex trading apps in South Africa to help you take your forex trading to the next level.

We'll compare their features, fees, and customer support to help you find the best trading app in South Africa for your needs.

The Top Three Best Forex Trading Apps For South Africa

Best Free Forex Trading Apps for PC, Android & iOS At A Glance

forex trading app South Africa download links.

✅ Free Forex Trading App📱Andoid App🍏 IOS App🚀 Notable App Feature🌟 Open an Account
🥇 HFM✅ Yes✅ YesOffers large range of trading instruments👉 Download App
🥈 XM✅ Yes✅ YesFull set of trade orders, including pending orders.👉 Download App
🏅 Deriv✅ Yes✅ Yes24/7 trading with synthetic indices.👉 Download App
📱 Exness✅ Yes✅ YesLowest Spreads in Africa👉 Download App
📱 FBS✅ Yes✅ YesAccess to financial markets anytime and anywhere👉 Download App
✅ AvaTrade Go✅ Yes✅ YesPrice alerts and real-time market quotes.👉 Download App

1. HFM App

HF Markets (formerly Hotforex) is an award-winning forex, Indices, Stocks and commodities global broker with offices in South Africa.

HF Markets provides its clients with the HFM App which allows them to trade on the go. The HFM app is the best forex trading app in South Africa.

Simple, fast and feature-rich, the award-winning mobile application takes you from insight to action by offering you a fully customized mobile trading experience.

The HFM app is available for both new and existing clients. You can also use it on Android and iOS.

Download the HFM app and start trading

The HFM app offers low spreads and commissions, which can help traders save money on their trades. The app also offers a variety of account types to choose from, so traders can find an account that fits their needs and budget.

Traders in South Africa can use the Zar account on the HFM app and avoid currency exchange costs.

The app also offers a variety of educational resources, including articles, videos, and webinars.

The app offers a range of features such as real-time quotes, charting tools, and technical analysis indicators that can help traders make informed trading decisions. Another one of the app's unique features is that it also allows for one-click trading, which can help traders execute trades quickly without any hassle.

Download HFM App. the best forex trading app in South afirca

Features Of The HFM App

  • Open, close and modify positions anytime as long as markets are open
  • Securely access and manage multiple accounts
  • customizable charting tools and popular indicators
  • real-time quotes and market-moving news
  • Access 24/5 multilingual support
  • Trade derivatives across forex, stocks, commodities, bonds, ETFs and indices.
  • Get a detailed history of your trades and analyze your performance.
  • Add instruments to your Favourites to seize market opportunities.

How To Get The HFM App

  1. Open an HFM account here. You can open a demo or real account.
  2. Download the HFM version for your device here.
  3. Log in to your account and start trading
 HFM SNAPSHOT
Minimum deposit$5
Mobile app score4.7 stars
Inactivity feeNo
AssetsCryptocurrencies, Currencies, Stocks, Metals, Synthetic Indices
Deposit methodsCredit/debit cards, Crypto, E Wallets, Local transfers
Withdrawal fee$0
Read reviewCredit/debit cards, Crypto, E-Wallets, Local transfers

Frequently Asked Questions on The HFM App

How do you use the HFM app In South Africa

Create an HFM account here and then download the HFM app. Login and then start trading

Can I use the HFcopy service on the HFM App?

Yes, you can use HF Copy on the HFM App. You can find it under “Menu” in the bottom navigation.

Can I open and manage other account types on the HFM App?

Yes, you can open any other trading account type for MT4/MT5 platforms and manage them with ease, in-app (e.g., open an account, manage funds).

I am an existing client. How can I start trading within the HFM App?

For existing clients, you need to download or update to the latest version of the HFM App through Google Play or the App Store. Then, you simply open a Live or Demo Premium trading account on the HFM platform.

2. XM App

XM is a popular forex broker in South Africa that is well-regulated and has won multiple awards.

The company offers a mobile app that allows traders to access their accounts and trade on the go. The app offers a wide range of trading instruments, including currency pairs, stocks, indices, and commodities.

The XM Forex Trading App is a powerful tool for traders of all levels. With its user-friendly interface and comprehensive features, it's no wonder why it's become a popular choice among South African forex traders.

XM mobile app for traders in South Africa
Get the XM app

Features of the XM App

  • Trade Forex, CFDs on Cryptos, Commodities, Stocks and more
  • Instant order execution and no re-quotes
  • Account customization options in-app
  • Mobile deposits and withdrawals
  • Advanced, up-to-the-minute charts
  • Over 90 trading indicators
  • The latest news, analysis, and market research
  • MT4 & MT5 compatible

How to Download the XM MT4 & MT5 App

Follow these 3 easy steps to start using the XM app today.

  1. Sign Up for an XM Account here
  2. Download the relevant XM app for your device (iPhone, Android or PC) on this link.
  3. Verify your account and log in to the XM app and start trading on the go.

XM Snapshot

Official Websitehttps://www.xm.com/
HeadquartersRepublic of Cyprus
Products OfferedMicro Account; Standard account; Ultra Low Account; Shares Account
RegulatorsCySEC, ASIC, IFSC
Products offeredForex, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares
Minimum Initial Deposit5$ or more depending on account type
PlatformsMT4 and MT5, Mobile App
Deposit Options & Withdrawal OptionsBank Wire Transfer
Local Bank Transfer
Credit/Debit Cards
Neteller
Skrill, and more.
Trading FeesLow
Maximum Leverage1:888
BonusesYes
Supported currenciesUSD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR & more
Customer Support24/5 Live Help

Frequently Asked Questions On The Xm App

What is the XM Forex App?

The XM Forex App is a mobile trading platform designed for forex traders, offering a user-friendly interface, real-time market data, advanced charting tools, and instant execution. The app is available for both iOS and Android devices and aims to provide a seamless trading experience for users on the go.

Is the XM trading app legit?

Yes, The XM app is regulated and licensed by several top-tier financial authorities including FCA, ASIC, CySEC so it is safe and legit

How do I get the XM App

Open your XM account here and then go to the XM app download page hereDownload the app and log in to your trading account.

Is XM app real or fake?

XM is an internationally regulated and licensed broker with over 3.5 million clients in over 200 countries. It is a legit broker and you can trade using the XM app confidently.

What instruments can I trade on the XM App?

You can trade all the instruments available at XM including Crypto CFDs, Stock CFDs, Stock Indices CFDs, Forex, CFDs on Precious Metals and CFDs on Energies.

How do I trade with the XM Forex app?

To trade with the XM Forex app, you will need to select the instruments that you want to trade and then enter your desired orders. You can also use the app to view charts, track your positions, and manage your risk.

Can I withdraw funds from my XM trading account through the app?

Yes, you can withdraw funds from your XM trading account through the app. Navigate to the “Withdraw” section and select your preferred withdrawal method. Follow the on-screen instructions to complete the withdrawal process.

Is the XM Forex App free to use?

Yes, the XM Forex App is free to download and use. However, you will need to open an account with XM and deposit funds to start trading.

3. Deriv

Deriv is one of the most popular brokers in South Africa. It is favoured mostly due to its unique synthetic indices like v75 & Boom and Crash which are not offered by any other broker. 

Deriv offers its clients some of the best forex trading apps in South Africa for their convenience.

One of the apps is Deriv MT5  which gives you access to multiple asset classes – forex, stocks & indices, cryptocurrencies, commodities, and derived — on a single platform. With exclusive access to innovative trade types, Deriv brings the MT5 experience to a superior level for both new and experienced traders.

With the calculators and numerous analytical tools available on the Deriv MT5 platform, you’ll be able to manage your capital and trading positions better.

Features Of The DMT5 App

How To Get The DMT5 App

  1. Sign Up for a DMT5 account here. Start by creating a demo account and then create a real account. This post shows you step-by-step instructions on how to create a DMT5 account.
  2. Download the DMT5 app for your device on the links below
    – Android
    – Apple
    – Huawei
  3. Log in to your account on DMT5 and start trading
 DERIV SNAPSHOT
Minimum deposit$5
Mobile app score4.3stars
Inactivity feeNo
AssetsCryptocurrencies, Currencies, Stocks, Binary Options, Synthetic Indices
Deposit methodsZingpay, E-Wallets, Credit/debit cards, Crypto, Cash
Withdrawal fee$0
Read reviewFor a detailed analysis of Deriv, check out our review

Frequently Asked Questions On The DMT5 App

Is Deriv MT5 a reliable app?

Yes, the DMT5 is a reliable app that you can trade on securely

What can you trade on DMT5

You can trade forex, stocks & indices, cryptocurrencies, commodities, and synthetic indices on DMT5

Other Deriv apps include:

  • Deriv X
  • Deriv Go
  • DP2P

4. FBS Trader

FBS Trader is an all-in-one trading platform app giving you access to the world’s most wanted trading instruments right from your pocket.

What's even more exciting is that you can activate cashback in the FBS Trader app and earn up to 20% of the spread for every trade. More trades — more Cashback! Perfect for everyone who trades on mobile.

The broker is suitable for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced South African traders working on PCs and smartphones.

FBS Trader Features

🔎 Trading AppFBS Trader App
✅ FeaturesCrosshair with informative price display
Active orders are shown right on a chart
Detailed information for every asset
⚙️ Trading InstrumentsOver 100 Crypto trading instruments
📈 LeverageUp to 1:30 leverage on various instruments
🤝 Customer ServiceProfessional 24/7 chat support speaking 16 languages
👉 Get App / Open an Account👉 Click Here

How To Get The FBS Trader App

  1. Open an FBS Account here
  2. Download the Fbs App here
  3. Log in and start trading
Fbs 100% Deposit bonus 2

FBS Overview

Broker's NameFBS
RegulationCySEC, ASIC, IFSC, FSCA,
Year Founded2009
Minimum deposit$1 for the cent account, $5 Micro Account, $500 Zero Spread Account
Maximum Leverage1: 3000
Islamic Account?Yes
Types of assets tradedForex, commodities, bonds, shares, indices, stocks, CFDs, metals, energies
Supported lot sizes0.01 – 500
Demo accountYes
Languages supported on the WebsiteDeutsch,English,Español,Français,Italiano,Português
Payment methodsNeteller; Sticpay; Skrill; Perfect Money, Mastercard
Contests & Bonuses?Yes
Are multiple accounts supportedYes
Is PAMM supported No
Is CopyTrader supported? Yes

Frequently Asked Questions On The FBS Trader App

Is FBS Trader good for beginners?

This mobile app for trading is a great choice for novice traders. Thanks to its intuitive and user-friendly interface, as well as the in-built Education, the FBS Trader app is much easier to use for beginners.

What is FBS app?

FBS Trader, a mobile trading app developed by FBS for traders to have easy access to the markets.

What instruments can I trade with FBS Trader?

You can trade forex assets, as well as energies, commodities, stocks, and cryptocurrencies on the FBS traders.

Is FBS Trader a regulated trading platform?

Yes, the FBS Trader app was created by FBS broker and, therefore, is regulated in the same way as the broker.

5. AvaTradeGo App

AvaTrade is one of the most respected, oldest, and largest online brokerages in the world.

AvaTradeGo is a mobile trading app that allows users to trade forex, stocks, commodities, and indices on the go. The app is available for both iOS and Android devices and is designed to provide a seamless trading experience for users.

AvaTradeGo Features

AvaTrade GO Features

🔎 Trading AppAvatrade GO
✅ FeaturesPrice alerts and real-time market quotes on popular stocks CFDs
Monitor social trends from the trader community
Register and deposit directly from the app
⚙️ Trading InstrumentsOver 250 Forex and CFDs trading instruments
📈 LeverageUp to 30:1 leverage on various instruments
🤝 Customer ServiceLive Chat
📌 Technical toolsPivots, MACD, RSI and other leading indicators
👉 Get App / Open an Account👉 Click Here

How to Choose the Best Forex Trading App In South Africa

Forex trading apps have become increasingly popular among traders who want to stay on top of the market and make trades on the go. But with so many options available, how do you choose the best one for your needs?

In this guide, we'll explore the top factors to consider when selecting a forex trading app, including security, user experience, and more.

  • Trading Goals
    Determine your trading goals. First, decide if you want to be an active trader, passive trader, long-term investor, forex trader, or options trader.
  • Assess Licences and Regulatory Approvals
    Choose reputable forex trading apps in South Africa to protect your capital and minimise risk. The best forex brokers we have recommended above are all well-regulated.
  • Decide on the assets you want to trade
    Different trading apps give you access to trade different assets. For example, DMT5 from Deriv allows you to trade synthetic indicesThe HFM app allows you to trade currencies and stocks.
    Knowing what you want to trade will ensure that you download the best trading app in Zimbabwe for your needs.

    Get Xm $30 Bonus
  • User Experience and Interface.
    Another important factor to consider when choosing a forex trading app is the user experience and interface. Look for an app that is easy to navigate and has a clean, intuitive design.

    The app should also offer a variety of tools and features to help you make informed trading decisions, such as real-time market data, charting tools, and customizable alerts
  • Customer Support and Education.
    Look for an app that offers comprehensive educational resources, such as tutorials, webinars, and articles, to help you improve your trading skills and stay up-to-date on market trends.

    Additionally, consider the availability and quality of customer support, such as live chat, phone support, and email support, in case you encounter any issues or have questions about the app's features.
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Frequently Asked Questions On The Best Forex Trading Apps In South Africa

Can you trade forex on your phone in South Africa?

Yes, if you have a modern smartphone running either an Android or iOS operating system, you can install Forex trading apps on your phone. The following are the best forex trading apps
– Deriv Metatrader 5
– HFM App
– XM App

What's the best forex trading app for beginners in South Africa?

The HFM app is the best because it has an easy-to-navigate interface and low minimum deposits.

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