Company

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

Markets.com

Offers five ways to trade: Forex, Shares, Indices, Commodities, ETF and CFD

 
Markets.com
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$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Standard
  • VIP
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  • Variable

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Trust Score:

B

Established in:

2008

Regulated by:

CySEC, Financial Services Boar...

CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For South Africa

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose Markets.com
For South Africa?

Markets.com scored best in our review of the top brokers for south africa, which takes into account 120+ factors across eight categories. Here are some areas where Markets.com scored highly in:

  • 9+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 2.0 pips
  • Used by + traders
  • Allows hedging
  • 5 languages
  • Leverage up to 100:1

Markets.com offers five ways to trade: Forex, Shares, Indices, Commodities, ETF and CFD. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Markets.com have a B trust score, which is good. This is largely down to them being regulated by CySEC, Financial Services Board, segregating client funds, being established for over 9 years, and much more. For comparison:

Trust Score comparsion

Markets.com
Trust Score B
Year Established 2008
Regulated by CySEC, Financial Services Board
Uses tier 1 banks
Company Type Public Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who Markets.com is (& Isn’t)
Suitable For

As mentioned, Markets.com allows you to trade in five ways: Forex, Shares, Indices, Commodities, ETF and CFD.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with Markets.com, you'll need a minimum deposit of $100. Markets.com offers a range of different account types for different traders including a mini account, vip account.

Finally, Markets.com isn't available in the following countries: AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE.

Part 3

A Comparison of Markets.com vs. vs.


Want to see how Markets.com stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Markets.com
Fixed Spreads
Variable Spreads
EUR/USD Spread 2.0
GBP/USD Spread 2.0
USD/CAD Spread 3.0
USD/JPY Spread 3.0
DAX Spread 2
FTSE 100 Spread 2
S&P500 Spread 1

Comparison of account & trading features

Markets.com
Spread type Fixed
EUR/USD Spread 2008
EUR/GBP Spread CySEC, Financial Services Board
Crude Oil Spread
Gold Spread Public Private Private
DAX Spread

Part 4

AvaTrade

www.avatrade.co.za

AvaTrade are a well-known online broker, offering trading services in more than 150 countries across the globe. They are a regulated and licensed company, operating in South Africa under the name ‘Ava Capital Markets Pty Ltd’ and authorised by the South African regulatory body, the Financial Services Board (FSB). Founded in 2006, the company have grown significantly over the years and have over 200,000 registered customers. Their South Africa branch is located in Johannesburg and is one of 11 offices worldwide.

The AvaTrade platform and website are available in more than 23 languages. The company’s website provides educational resources for traders including video tutorials, books, webinars, and several other resources. The company recently launched Sharp Trader, a premium website offering extensive educational material for AvaTrade customers. A demo account is also offered by the company allowing clients to take their service for a test drive before opening a real account.

AvaTrade’s platform enables access to over 200 financial instruments in a variety of markets. Clients can trade in Forex, stocks, cryptocurrency, treasuries, indices, and numerous other markets. Through the AvaTrade platform, clients can trade in some of the most popular indices such as S&P 500, NASDAQ 100, and FTSE 100.

AvaTrade accepts a variety of payment methods including PayPal/Skrill, Credit/Debit card (min $100) and direct bank transfer (min $500), and clients from South Africa can choose to trade with USD, EUR or GBP as their base currency.

IG

www.ig.com/za/

IG are pioneers in online trading with more than 40 years of experience in the industry. They are a licensed company, authorised to operate in South Africa by the Financial Services Board (FSB).

IG’s platform gives clients access to over 15,000 markets worldwide, allowing them to trade in commodities, shares, indices, Forex, and many other markets. Many of the markets that are currently trending in South Africa are available on the IG platform, such as South Africa 40, Wall Street, EUR/ZAR, and Spot Gold.

IG offer professional and friendly support to their customers, as well as offering free, in-person educational seminars for novice traders. Clients can also find data, analysis, and commentary on all of the major platforms offered by IG, and on their website. A free demo account is also available from IG for clients to assess the platform and their trading skills before opening a real account.

Plus500

www.plus500.co.za

Plus500 is one of the leading online brokers in South Africa with a solid reputation. They are a globally recognised company with a current customer base of more than 155,000. Plus500AU Pty Ltd, a subsidiary of the Plus500 platform, operates in South Africa as an Authorised Financial Services Provider.

Clients can trade shares, stocks, cryptocurrencies, Forex, and indices with access to over 2000 financial instruments. Some of the most popular markets in South Africa are available on the company’s platform including the USD/ZAR, gold and oil.

The company’s website and trading platform are available in 32 different languages. Responsive online support is offered to customers along with free, real-time quotes.

A free, unlimited demo account is also available for those wanting to test their skills before going live. A variety of payment methods are accepted by the company including direct bank deposit, Visa/Master cards, and PayPal/Skrill; and the base currency of the trading platform can be selected as the South African rand.

Plus500 is a major partner of the “Plus500 Brumbies”, the 2016 Super Rugby Australian Conference Champions.


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