A MetaTrader 4 broker offers the MetaTrader 4 trading software. They are trading platforms for mobile, browser, plus desktops and laptops produced by MetaQuotes Software Corporation. Metatrader 4 (MT4), the biggest and most popular Trading platform. Therefore in this article, we’ll look at the finest MetaTrader 4 Forex brokers in South Africa and explain why they’re so good.
The winner of our list is IG Services, which is among the world’s most popular operators and the biggest CFD broker by turnover. They offer two low-cost trading accounts that offer direct access to markets. IG Markets provides trading on over 17,000 assets, including Fx, commodities, stock CFDs, cryptocurrencies, coins, digital 100s, options, ETFs, treasuries, and borrowing costs. Therefore they may have the world’s largest CFD offering.
IG Market’s trading fees are minimal compared to comparable brokers on both accounts. The OTC Account and the DMA Account have no minimum investment restrictions and narrow spreads of 0.86 pips on the EUR/USD. IG Markets is an award-winning platform, as well as MT4 and L2 Dealer. Furthermore, a DMA-specific platform for experienced traders is available for trading. Perhaps they offer a world-class assortment of instructional and market analysis resources in addition to a comprehensive variety of trading tools.
Pepperstone is a multi-regulated, worldwide famous ECN broker that was founded in 2010 in the Australian city. It is noted for quick transaction execution with a wide range of trading platforms. Its reliable trading conditions include some of the industry’s narrowest spreads (0.09 pips (EUR/USD) on its Razor Account), cheap fees, and no minimum investment restrictions. All these things are the cornerstone for its stellar global rankings.
Novice and expert traders alike enjoy this Australian broker’s extensive range of trading platforms, including cTrader, MT4, and MT5, as well as their hypercompetitive restrictive trade practices.
Axi is an ASIC, FCA, and DFSA-regulated Australian CFD dealer. It provides CFD trading on Forex, metal alloys, commodities, cryptos, and indices. Then come to its accounts that appear to offer clients overall industry trading costs – the Standard Account offers one pip EUR/USD) and the Pro Account offers 0.0 pips EUR/USD + 7 USD commission.
While Axi only offers MT4, it does provide traders with free access to several advanced platform-integrated technical analyses, such as Autochartist, MyFxBook, and PsyQuation, to assist seasoned traders and serious novices in making better trading decisions. Newcomer at Axi has access to the highest, organized learning material as well as periodic market research. We can say that it’s the best broker for getting an education and exploring the market.
Metatrader 4 brokers south Africa is the most popular forex market software, accounting for about 40% of worldwide retail FX trading activity on MT4 firms. Most forex brokers provide Metatrader to their clients; however, not all brokers have the same trading costs, support, and security features. In a fluctuating trading market, we want to provide you with information about the best brokers among all. Our researchers acquire information from numerous corporate representatives’ websites and by reading through the tiny print. Therefore try these brokers and believe in your luck to get good results.