Best MT4 brokers South Africa 2022

The best MT4 brokers in South Africa are those that offer a variety of financial instruments to trade including stocks, currencies, commodities, CFDs, ETFs and futures and even cryptocurrencies. and a South Africa MT4 demo account. Demo accounts are a great way for South African MT4 traders to learn how to trade using the MT4 trading platform in South Africa, without risking any of your real money. A regulated South Africa MT4 broker is a must for South Africa MT4 clients. Regulated South Africa MT4 trading platforms must follow rigorous safety and risk management protocols and provide the best MT4 order execution services. In addition, South Africa MT4 brokers should have a range of deposit and withdrawal options, and they must be available in multiple languages. This means that South African traders have a broader choice of MT4 account options when it comes to trading in South Africa.

The best South Africa MT4 brokers should be regulated by jurisdiction. This means that the authorities in South Africa must be able to hold the brokers accountable in the event of any dispute. It is also important that deposits and withdrawals be processed within 2 to 3 days. It is essential that the South Africa broker has a global presence. This means that it employs local people and holds local seminars and training in different languages, or online, within South Africa. This makes it easy to communicate with the South Africa brokers, and is an important factor in determining the best MT4 Brokers.

Best MT4 brokers South Africa 2022 Table of Contents

Top South Africa MT4 brokers Compared

Best MT4 brokers South Africa List

Featured South Africa Trading Platform Account Features Trading Features

XTB

Used By: 250,000
Instruments Available: 4000
Number Of Shares Available: 1,696
Minimum Deposit: 0
Platforms: MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: Yes
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Try Now

IC Markets

Used By: 180,000
Instruments Available: 232
Number Of Shares Available: 110
Minimum Deposit: 200
Platforms: MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

AvaTrade

Used By: 200,000
Instruments Available: 1000
Number Of Shares Available: 99
Minimum Deposit: 100
Platforms: Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5
Negative Balance Protection:
Inactivity Fee: No
71% of retail CFD accounts lose moneyTry Now

Roboforex

Used By: 10,000
Instruments Available: 100
Number Of Shares Available: 53
Minimum Deposit: 1
Platforms: MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

Pepperstone

Used By: 89,000
Instruments Available: 100
Number Of Shares Available: 60
Minimum Deposit: 200
Platforms: MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: Yes
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your moneyTry Now

XM

Used By: 3,500,000
Instruments Available: 1000
Number Of Shares Available: 160
Minimum Deposit: 5
Platforms: MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: Yes
Your capital is at riskTry Now

FP Markets

Used By: 10,000
Instruments Available: 100
Number Of Shares Available: 10,000
Minimum Deposit: 100
Platforms: MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

FXPrimus

Used By: 10,000
Instruments Available: 130
Number Of Shares Available: 60
Minimum Deposit: 100
Platforms: MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

easyMarkets

Used By: 142,500
Instruments Available: 200
Number Of Shares Available: 52
Minimum Deposit: 100
Platforms: MT4, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Your capital is at riskTry Now

Admiral Markets

Used By: 10,000
Instruments Available: 148
Number Of Shares Available: 64
Minimum Deposit: $100
Platforms: MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

NordFX

Used By: 10,000
Instruments Available: 50
Number Of Shares Available: 0
Minimum Deposit: 10
Platforms: MT4, MT5, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

Markets.com

Used By: 4,000,000
Instruments Available: 2200
Number Of Shares Available: 2,000
Minimum Deposit: 100
Platforms: MT4, MT5, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: Yes
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your moneyTry Now

Swissquote

Used By: 300,000
Instruments Available: 100
Number Of Shares Available: 0
Minimum Deposit: 1000
Platforms: MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

Axi

Used By: 10,000
Instruments Available: 100
Number Of Shares Available: 1,000
Minimum Deposit: 0
Platforms: MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: No
Losses can exceed depositsTry Now

HYCM

Used By: 10,000
Instruments Available: 100
Number Of Shares Available: 10
Minimum Deposit: 100
Platforms: MT4, MT5, Tablet & Mobile apps
Negative Balance Protection:
Inactivity Fee: Yes
Losses can exceed depositsTry Now

What Is South Africa Metatrader 4?

The trading platform MetaTrader 4 is actively used by South Africa MT4 traders to research, analyse and automate trading actions within South Africa for many years. South Africa MT4 brokers uses a proprietary coding language called MQL4 that is available in more than 30 languages. The software can also be used on other markets. The trading platform in South Africa is not a robo-advisor or in-person financial advisor. South Africa MT4 platforms have an extensive range of tools and features. It allows users to build their own complex algorithms to create trading strategies. This software is widely used by traders worldwide and in South Africa. The system is designed to be user-friendly and includes a client and server component. The [Nationality] client then streams prices and places trades.

MT4 has many advantages. It allows South African end-users to write trading scripts and has robots called Expert Advisors. South Africa MT4 broker software allows South African traders to automate trading by using algorithms, which are known as the aforementioned Expert Advisors. These programs help users analyse the market and forecast the outcome of trades in South Africa. The software also lets users customise their charts to reflect the currency pairs they are trading on. This flexibility makes MT4 a great choice for a beginner or an experienced trader in South Africa.

What is an MT4 South Africa Broker?

MT4 is a popular platform for trading Forex and other financial instruments like stock and commodity CFDs in South Africa. It offers charts for major, minor currency pairs, as well as several exotic ones. South Africa MT4 broker software offers a variety of trading options in South Africa. South Africa MT4 brokers are also compatible with most desktop trading systems. It can be downloaded for free from the Android and iOS App stores. MT4 supports social trading in South Africa through a feature called Trading Signals. These signals allow South African traders to copy the trades of other traders. While most signal providers offer signals for free, others charge for these services. South African traders can also download the MT4 software from their website.

The MT4 trading platform in South Africa offers a variety of trading options. South African traders can trade major stock indices, as well as major cryptocurrencies. South African traders can also use MT4 for a cryptocurrency exchange in South Africa. South African traders can trade a number of popular cryptocurrencies in MT4 with a reputable South Africa broker. Most major cryptocurrencies are traded in MT4 and can be used to transfer money from one country to another. These types of currencies often have high volatility and are considered high risk.

How Do You Use South Africa MT4 Trading Platforms?

South African traders can customise the look of their charts in MT4 by selecting the 'Account History' tab from the 'Properties' menu. The 'Colours' menu lets South African traders select the colours of your background, foreground, and candles. South African traders can save these settings for future use. This feature helps South African traders to keep track of their trading positions. To adjust stops and points of confinement on your open positions, South African traders must first make a new order in MT4. To change a position or pending request, South African traders need to right-click it and select 'Adjust' or 'Erase'. Then, South African traders can add breaking points or stops to their positions. To confirm the changes, click the red 'Adjust' button. To customise graphs, MT4 offers a range of tools for South African traders to experiment with.

Once South African traders have made their first trade in South Africa, South African traders can set up an entry and exit level. After setting up an entry and exit level, MT4 displays a green dotted line for the entry level and a red dotted line for the stop-loss and limit levels. South African traders can also customise these colours in 'Properties'. 'Properties' is the menu at the top of the platform. MT4 in South Africa allows South African MT4 users to set the maximum number of bars in the charts. Whether South African traders want to trade for small or large amounts in South Africa, South African traders can change the settings in MT4's Options window. South African traders can also choose the colour of the order window. If South African traders want to use different colours for their orders, South African traders can create custom indicators by selecting 'Properties'. South African traders can also change the colours of stop levels and trendlines.

Is MT4 a Regulated South Africa Broker?

MT4 is one of the most popular software platforms for trading Forex in South Africa, and it is used by most traders. It is used to trade the major currency pairs, which are divided into the groupings of major, minor, and exotic. Most [Nationality] brokers offer seven major pairs and some other, more specialised and exotic cryptocurrencies. MT4 users can also trade popular stocks, including Apple, Microsoft, Yahoo and Google. MT4 users can also trade blue-chip stocks like Coca-Cola and Tesla in South Africa.

With MT4 South Africa trading software, traders have easy access to their South Africa accounts. They can easily view their account balance and margin levels, and they can choose between deposit and withdrawal methods. Most South African MT4 brokers offer free deposit and withdrawal options, and South African traders can select the payment method that suits their needs best. Depending on your South African MT4 broker, it may take a few days to receive your money, so be sure to check with your South Africa MT4 broker before you invest any money.

In addition to being regulated, check your South Africa MT4 broker allows traders to trade with many assets. For example, traders in South Africa can buy and sell a wide range of derivative products. However, US-based derivatives regulators do not allow contracts for difference (CFDs). A regulated MT4 broker in South Africa must also offer a variety of products. The MT4 South Africa trading platform is compatible with a wide range of currencies and other financial instruments.

How do I Trade on South Africa MT4 Platform?

In MT4, a South Africa trading platform usually shows levels on a price chart for the open trades. The entry level in South Africa is marked with a green dotted line, while the stop-loss and limit levels are indicated with a red dotted line. South African traders can change the colour of these levels just like you do other elements of MT4 - just click 'Properties' and choose the colour that matches your preferences.

MT4's price chart displays levels that indicate open trades in South Africa. The first level is the entry level, which is the green dotted line. The second level is the stop-loss or limit level. Both levels will show in red, so South African traders must make sure they are using the correct one before you start trading in South Africa. The third level is the limit or stop-loss. Changing the position type, which is indicated by the red dotted line, is another important step to take.

How Much do you Need to Trade on MetaTrader 4 in South Africa?

The amount of money South African traders need to trade on MetaTrader 4 in South Africa depends on which South African MT4 brokerage you choose. This includes trade costs, platform fees, and hosting, bridging, and support within South Africa. Different brokerages offer different features and services, so it's important to choose the right one for you. The brokerage fees in South Africa that you have to pay for MetaTrader 4 will vary from brokerage to brokerage. Once you know how much you want to invest, you can start trading on the South Africa MT4 platform of your choice. South African traders need a minimum of $100 to trade on MetaTrader 4 in South Africa, although there are some MT4 brokers in South Africa that don't have proprietary software so they license MT4 trading software and offer it to their South African traders to use. South Africa MT4 brokers connect their clients to the markets using the 3rd party MT4 trading platform software.

Can I Trade Stocks in South Africa with MT4?

Can I trade stocks On South Africa MT4 broker platforms? Most MT4 brokers in South Africa offer more than one tradable financial instrument, and so South African traders can use MT4 to trade a variety of different assets including stocks. Stocks, like other financial products, can be purchased or sold on South Africa MT4 trading platforms. Profit is realised when the price of the stock rises in value. Stocks can also be purchased as CFD stock trades. CFDs are high risk leveraged trades allowing South African MT4 traders to speculate on the up or down price of stocks without owning any actually stock assets.

MT4 has several customisation options. For example, South African traders can adjust the number of bars you see. Changing the number of bars will make the chart look different, but modifying the maximum size will make it look more professional. Additionally, South African traders can change the colours of the candles and background in the 'Colors' tab. You can save the settings and re-use them in the future.

How to Buy Stocks on MetaTrader 4 in South Africa?

In order to buy stocks on MetaTrader 4 in South Africa, South African traders need to have a real trading account. You'll need to enter that information in a separate agreement with your South Africa MT4 broker or MT4 Trading platform in South Africa. Most South Africa brokers provide the MetaTrader 4 platform, but not all of them offer it. Moreover, these programs cannot access a broker's servers or data. So, before South African traders can buy stocks on MetaTrader 4, you'll have to sign up for a real trading account in South Africa.

MetaTrader 4 comes with a wide range of trading tools that South African traders can use when trading in South Africa. South African traders can automatically set up a chart using your favourite settings. South African traders can also save a template that allows South African traders to change the chart's look and feel. MT4 also supports trend indicators, which help South African traders determine when to buy and sell. A trend indicator will appear on the candlestick charts. The bar/line graph will appear in the background if the indicator is active.

To buy or sell shares on MetaTrader 4 in South Africa, South African traders need to create an order using a stop order or limit order. By using a stop order, South African traders can sell at a price that's much higher than the current market price in South Africa. If South African traders are only looking to buy a single stock, South African traders should use a limit order. South African traders can also open a long position and sell at a low price in South Africa.

How To Withdraw Money from MetaTrader 4 in South Africa?

To start withdrawing money from a South Africa MT4 account, visit your South Africa MT4 Trading account and go to the 'Accounts' tab. Next, select 'Withdraw' from the 'Trading Account' table. Once you have done this, South African traders should fill in the corresponding fields and submit the request. Once you have received your withdrawal, you can check your South Africa account. You can use it to access the online services of your South African MT4 broker. You will receive a notification email from your South Africa MT4 trading platform and withdrawing your funds from MetaTrader 4 should take 2 - 10 days.

Which MT4 Broker is the Best in South Africa?

There are a few things to consider when choosing a MT4 trading platform and broker in South Africa. Firstly, it's important to find a reputable and trustworthy company in South Africa. Make sure that you check for a license and a history of trading with the company. If you don't want to risk your money, you should always choose a regulated South Africa broker. This will give you peace of mind and ensure that you're making the best decision for your money.

Check your South Africa MT4 broker is regulated by Financial Sector Conduct Authority before placing live trades.

You should also check the MT4 brokers customer support options in South Africa. Check livechat, email and phone support is actively available with your South Africa MT4 broker. The MT4 South Africa trading platform is known for being very intuitive for South African beginner traders and can support a wide range of asset classes. Most MT4 brokers in South Africa offer major currency pairs, and some even offer cryptocurrencies like Bitcoin and Ethereum. It is important to make sure that the South Africa MT4 broker supports the instruments you want to trade.

How Do I Transfer Money from MT4 to My Bank Account in South Africa?

In order to withdraw money from your MT4 account, South African traders will need to first add money to your demo account. This is done by logging in to your MT4 broker's platform and clicking on 'Accounts'. Once South African traders have selected the desired amount, click on the 'Withdraw' button to submit the withdrawal. South African traders can also use the same procedure to deposit money into your trading account if you have a MetaTrader 4 demo version in South Africa.

How Long Does it Take to Withdraw from MT4 in South Africa?

Withdrawing from a MT4 broker in South Africa is a simple process, but it can take a while. Withdrawals are processed by the Back Office Department within 24 hours, but it may take another day or two to receive your money in South Africa. For e-wallet transactions, it may take as little as 24 hours. Withdrawals from bank wires and credit/debit cards generally take three to ten business days. Withdrawing from MT4 is easy and secure. There is no need to contact the trading entity directly. All you need to do is follow the instructions. When you are done with this step, your money will be available for withdrawal. You can also deposit more money into your South Africa account to withdraw more money in the future.

Who is the Most Trusted MT4 Broker in South Africa?

IC Markets is one of the most trusted and popular MT4 brokers in South Africa

If the MT4 broker in South Africa is regulated by the Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC), it will be considered one of the most trusted in the market. South Africa MT4 customers should avoid unlicensed South Africa brokers. Most of the most trustworthy MT4 broker lists will contain companies that have either a CySEC or FCA license. South Africa MT4 broker customer support should be quick and responsive, and it is easy to find information about a broker's performance on online forums. South Africa MT4 broker should be regulated by Financial Sector Conduct Authority.

A trustworthy MT4 broker in South Africa should be reliable. This means it is regulated internationally as well as by local South Africa governments. Moreover, your shortlisted South Africa MT4 brokers has to have a high-end customer service that is available 24 hours a day. The South Africa MT4 broker reviews will show a broker's reliability based on their capital and the number of financial instruments they offer for example Forex pairs available. Check the regulators sites directly that your South Africa MT4 broker has strong regulatory laws in place. The most trusted MT4 brokers in South Africa are ones that is regulated by more than one jurisdiction.

What is the Minimum Deposit for Metatrader 4 in South Africa?

South Africa MT4 brokers deposits average around $100 but can go as high as $1500 depending on which South Africa MT4 account types South African traders go for and what advanced trading tools you need.

When trading with a live South Africa MT4 broker, the minimum deposit required for MetaTrader 4 is the same for all types of accounts. This is why it's so important to choose your South Africa MT4 broker carefully, as the minimum deposit varies from one South Africa broker to another. Once you decide which South Africa MT4 broker to use, you'll need to create an account with them. If you want to start trading with real money, South African traders will need to set up a live account.

Before South African MT4 traders can start trading with MT4, they will need to open a South Africa MT4 trading account with a broker in South Africa. If you're thinking about using MetaTrader 4 as your primary trading platform in South Africa, you'll need to fund your account with a accepted payment method. Some brokers in South Africa have low minimums, while others have high ones. The amount of money you'll need to fund your account depends on your broker and the type of account you have. Most brokerages in South Africa require a minimum deposit of $100.

Withdrawal Methods On South Africa MT4 Broker Platforms

Available funding and withdrawal methods available on South Africa MT4 broker trading platforms include bank transfer, PayPal, Neteller, Venmo, Yandex, WebMoney, Skrill, MasterCard, Wire Transfer, Visa Card, Chinese Union Salary and cryptocurrencies like Bitcoin and Ethereum. If the base currency of your MT4 trading account differs from your withdrawal or funding method base currency you South Africa MT4 traders may be charged a currency conversion fee by your payment provider.


Best MT4 Brokers South Africa Reviews

We also have in depth reviews of each of the best South Africa trading platform reviews listed below.

Best MT4 Brokers South Africa Alternatives

We also have in depth guides of the best South Africa alternative MT4 brokers for each South Africa broker below.

Ashly Chole - Senior Finance & Technology Editor

Best MT4 brokers South Africa 2022 guide updated 12/05/22