Finance
5 Best Investment Apps in South Africa (2022)
The best way to remain financially stable is when there’s still some cash set aside for investment even after your spending. To build up that capacity, you must make it a routine to save in order to invest.
With the rapid growth in financial technology, multiple investment apps have been developed to facilitate investments in global stock. In this article, we will highlight the 5 best and most reliable investment apps in South Africa for beginners, advanced, and professional investors.
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What are Investment Apps?
Before you can start investing, you need to understand what investment apps are. Investment apps are online investment platforms that help individuals and companies to invest their money securely for a profit. With these apps, investors can invest, monitor their investment, and claim their profits.
5 Best Investment Apps in South Africa 2022
Below is the list of the 5 best reliable investment apps in South Africa.
1. AvaTradeGo
AvaTradeGo App is one of the best investment platforms in South Africa. AvaTrade is a highly regarded online trading broker that provides the award-winning AvaTradeGo App for mobile trading.
AvaTradeGo App is widely known for its user-friendly interface that allows the user to run more than one MT4 account at once, and gives access to over 1000 instruments.
All you need to do is to download the AvaTradeGo App on your android or apple device to get started.
How to Invest Through AvaTradeGo
Saving or investing through the AvaTradeGo is simple. All you need to do is to follow these steps below;
- Download the mobile app, if android download HERE, if apple download HERE.
- Sign up with your email address, and set up your profile within some minutes.
- Read the terms and conditions on the interface, then start trading.
2. Plus500
Plus500 is an online investment platform in South Africa that is known for its multi-functionality, allowing users to monitor real-time quotes and make use of live charts across different time frames.
Plus500 App is very reliable for trading in CFDs and trading brokers, users trade CFDs across forex, stocks, commodities, and cryptocurrencies, among other popular asset classes. Users only need to deposit a minimum of $100 for trading.
All you need to do is to download the Plus500 App on your android or apple device to get started.
How to Invest Through Plus500
Saving or investing through the Plus500 is simple. All you need to do is to follow these steps below;
- Download the mobile app HERE.
- Sign up with your email address, and set up your profile within some minutes.
- Read the terms and conditions on the interface, then start trading.
3. Tickmill MT4
Tickmill MT4 is one of the best online trading broker apps in South Africa. Tickmill MT4 App is well-regulated and offers very competitive trading conditions. So, it is a great choice for users that are looking for low trading fees with user-friendly software.
Tickmill MT4 App trading fees start as low as 0 pips, and users can enjoy the MetaTrader 4 platform for fast execution and comprehensive trading features.
All you need to do is to download the TickMill MT4 App on your android or apple device to get started.
4. Exness Trader MT5
Exness Trader MT5, or Exness Trader MetaTrader 5 is one of the most reliable online investment apps in South Africa. It is the updated version of the renowned “MetaTrader 4 platform”, delivered via the Exness app at an extremely low minimum deposit of just $1.
Users of the Exness Trader MT5 app enjoy commission-free trading with variable spreads, and a secure trading environment provided by the broker’s regulators, the FCA and FSCA. The user trading account provides access to 107 currency pairs, as well as over 100 CFD instruments, while maximum leverage of 1:2000 is available.
All you need to do is to download the Exness Trader MT5 App on your android or desktop device to get started.
How to Invest Through Exness Trader MT5
Saving or investing through the Exness Trader MT5 is simple. All you need to do is to follow these steps below;
- Download the mobile app HERE.
- Sign up with your email address, and set up your profile within some minutes.
- Read the terms and conditions on the interface, then start investing.
5. XM Mobile
XM Mobile App is one of the best investment platforms in South Africa. It affords access to both MetaTrader 4 and MetaTrader 5, for a low minimum deposit of $5.
Trading fees are competitive, averaging at 0.8 pips for the EUR/USD, and no additional commission is charged on any instruments. Traders can access 57 currency pairs as well as over 1000 CFDs on stocks, commodities, precious metals, equity indices, and bonds.
All you need to do is to download the XM Mobile App on your android or desktop device to get started.
How to Invest Through XM Mobile App
Saving or investing through the XM mobile App is simple. All you need to do is to follow these steps below;
- Download the mobile app HERE.
- Sign up with your email address, and set up your profile within some minutes.
- Read the terms and conditions on the interface, then start investing.
