- Low fees on CFDs
- Automated Trading
- MetaTrader Platform
- Dedicated customer service
- Low fees on CFDs
- Automated Trading
- MetaTrader Platform
- Dedicated customer service
Is Pepperstone reliable?
Yes, Pepperstone is a reliable trading platform regulated by reputable authorities such as the FCA (United Kingdom) and ASIC (Australia). It ensures the security of funds through segregated accounts and advanced security protocols. Users appreciate the transparency and strict regulation that frame the operations on this platform.
Why choose Pepperstone?
Pepperstone stands out for its accessibility and tools tailored to all profiles. With an intuitive platform and powerful tools like cTrader, both beginners and experienced traders can take advantage of a wide range of assets, from currencies to indices. The focus is on competitive spreads and fast order execution.
What fees are there at Pepperstone?
Pepperstone offers attractive fees with spreads from 0 pips on Raw accounts, but with a small commission of $3.5 per lot. Standard accounts do not incur commissions, but spreads are slightly wider. No fees on deposits, and withdrawal fees are transparent and reasonable.
Who is Pepperstone for?
Pepperstone is perfect for traders of all levels. Beginners benefit from tutorials and demo accounts for practice, while advanced users appreciate the speed of the platform and access to high-end trading tools. Its variety of assets allows everyone to find their field.
Is it easy to withdraw funds from Pepperstone?
Withdrawing money from Pepperstone is a simple and fast process. You can make your withdrawals via bank transfer, credit card, or electronic wallets. Requests are typically processed within 1 to 2 business days, with transparent withdrawal fees and a clear process that is valued by many users.
Is Pepperstone reliable?
Yes, Pepperstone is a reliable trading platform regulated by reputable authorities such as the FCA (United Kingdom) and ASIC (Australia). It ensures the security of funds through segregated accounts and advanced security protocols. Users appreciate the transparency and strict regulation that frame the operations on this platform.
Why choose Pepperstone?
Pepperstone stands out for its accessibility and tools tailored to all profiles. With an intuitive platform and powerful tools like cTrader, both beginners and experienced traders can take advantage of a wide range of assets, from currencies to indices. The focus is on competitive spreads and fast order execution.
What fees are there at Pepperstone?
Pepperstone offers attractive fees with spreads from 0 pips on Raw accounts, but with a small commission of $3.5 per lot. Standard accounts do not incur commissions, but spreads are slightly wider. No fees on deposits, and withdrawal fees are transparent and reasonable.
Who is Pepperstone for?
Pepperstone is perfect for traders of all levels. Beginners benefit from tutorials and demo accounts for practice, while advanced users appreciate the speed of the platform and access to high-end trading tools. Its variety of assets allows everyone to find their field.
Is it easy to withdraw funds from Pepperstone?
Withdrawing money from Pepperstone is a simple and fast process. You can make your withdrawals via bank transfer, credit card, or electronic wallets. Requests are typically processed within 1 to 2 business days, with transparent withdrawal fees and a clear process that is valued by many users.
- Low fees on indices
- Free demo account
- Option for automated trading
- MetaTrader Platform
- Low fees on indices
- Free demo account
- Option for automated trading
- MetaTrader Platform
Is EightCap reliable?
Yes, EightCap is a reliable platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a strictly regulated trading environment. If you are looking for a reliable broker to get started, EightCap is a safe choice recognized in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide range of assets and tools like MT4 and MT5, ideal for sophisticated traders. Are you a beginner? No problem: Demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What fees does EightCap charge?
At EightCap, fees depend on the account chosen: Raw accounts have spreads from 0 pips with a commission of $3.5 per lot. Standard accounts have slightly higher spreads, but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you a beginner? Use guides and demo accounts to understand the basics. Are you more advanced? With tools like MT5 and competitive spreads, you can further develop your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your profits from EightCap is easy and fast. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
Is EightCap reliable?
Yes, EightCap is a reliable platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a strictly regulated trading environment. If you are looking for a reliable broker to get started, EightCap is a safe choice recognized in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide range of assets and tools like MT4 and MT5, ideal for sophisticated traders. Are you a beginner? No problem: Demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What fees does EightCap charge?
At EightCap, fees depend on the account chosen: Raw accounts have spreads from 0 pips with a commission of $3.5 per lot. Standard accounts have slightly higher spreads, but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you a beginner? Use guides and demo accounts to understand the basics. Are you more advanced? With tools like MT5 and competitive spreads, you can further develop your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your profits from EightCap is easy and fast. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
- Reduced fees on stocks
- Free demo account
- Copy Trading available
- 3% interest on uninvested cash
- Reduced fees on stocks
- Free demo account
- Copy Trading available
- 3% interest on uninvested cash
Is Avatrade reliable?
AvaTrade is a trustworthy broker regulated by key institutions, starting with the AMF in France, but also by the Central Bank of Ireland, ASIC (Australia), and the FSA (Japan). The company has been active since 2006 and offers solid guarantees, notably the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it enjoys the trust of both beginner and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. The tutorials, demo accounts, and free training help you learn at your own pace. The advanced tools like MT4/MT5 offer endless possibilities as you progress. You don't have to be an expert: AvaTrade adapts to you.
What fees does Avatrade charge?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity fees with regular use. You can focus on learning and your investments without surprises when paying.
Who is AvaTrade suitable for?
AvaTrade is suitable for everyone: Beginners can benefit from detailed training content and demo accounts, while advanced traders can find tools such as automated trading or vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfer or electronic wallets. Everything is designed to give you quick, clear and secure access.
Is Avatrade reliable?
AvaTrade is a trustworthy broker regulated by key institutions, starting with the AMF in France, but also by the Central Bank of Ireland, ASIC (Australia), and the FSA (Japan). The company has been active since 2006 and offers solid guarantees, notably the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it enjoys the trust of both beginner and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. The tutorials, demo accounts, and free training help you learn at your own pace. The advanced tools like MT4/MT5 offer endless possibilities as you progress. You don't have to be an expert: AvaTrade adapts to you.
What fees does Avatrade charge?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity fees with regular use. You can focus on learning and your investments without surprises when paying.
Who is AvaTrade suitable for?
AvaTrade is suitable for everyone: Beginners can benefit from detailed training content and demo accounts, while advanced traders can find tools such as automated trading or vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfer or electronic wallets. Everything is designed to give you quick, clear and secure access.
- Fast Customer Support
- No Fees on CFDs
- Copy Trading Available
- MetaTrader 4&5 Platform
- Fast Customer Support
- No Fees on CFDs
- Copy Trading Available
- MetaTrader 4&5 Platform
Is Vantage reliable?
Vantage is a reliable broker regulated by recognized authorities like ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, which are protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trusted platform.
Why choose Vantage?
Vantage stands out for its balance between accessibility and professional tools. Beginners benefit from guidance with demo accounts and educational materials, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a diverse range of assets and transparent fees, Vantage caters to a broad audience seeking reliable and powerful trading conditions.
What fees does Vantage charge?
Fees at Vantage are tailored to everyone. On ECN accounts, spreads start at 0 pips with a commission of $3 per lot. Standard accounts offer slightly higher spreads but without commission. There are no deposit or withdrawal fees, and inactivity costs are limited. With Vantage, you stay in control of your costs to invest efficiently.
Who is Vantage suitable for?
Vantage is ideal for traders looking for professional conditions, but is still accessible for beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources here.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is quick and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and low fees, so you can easily access your profits.
Is Vantage reliable?
Vantage is a reliable broker regulated by recognized authorities like ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, which are protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trusted platform.
Why choose Vantage?
Vantage stands out for its balance between accessibility and professional tools. Beginners benefit from guidance with demo accounts and educational materials, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a diverse range of assets and transparent fees, Vantage caters to a broad audience seeking reliable and powerful trading conditions.
What fees does Vantage charge?
Fees at Vantage are tailored to everyone. On ECN accounts, spreads start at 0 pips with a commission of $3 per lot. Standard accounts offer slightly higher spreads but without commission. There are no deposit or withdrawal fees, and inactivity costs are limited. With Vantage, you stay in control of your costs to invest efficiently.
Who is Vantage suitable for?
Vantage is ideal for traders looking for professional conditions, but is still accessible for beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources here.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is quick and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and low fees, so you can easily access your profits.
- No Fees on Stocks
- Unlimited Demo Account
- Copy Trading Available
- 4.5% interest on uninvested capital
- No Fees on Stocks
- Unlimited Demo Account
- Copy Trading Available
- 4.5% interest on uninvested capital
Is XTB reliable?
XTB is a reliable broker regulated in France by the AMF and supervised by reputable authorities such as the FCA and CySEC. It protects its clients' funds in segregated accounts, guaranteeing a secure trading environment. With millions of users, XTB is establishing itself as a reliable and transparent platform.
Why Choose XTB?
XTB stands out with its intuitive platform and powerful tools like xStation, ideal for all levels. With a wide range of assets, including stocks, cryptos, and forex, investing becomes accessible. Furthermore, the extensive educational content enables traders to develop quickly and become more autonomous.
What fees does XTB charge?
XTB offers competitive fees, especially 0% commission on the purchase of stocks and ETFs. Spreads are attractive and deposits are free. Withdrawals over $100 are free, and prolonged inactivity may result in fees after one year. Transparency is at the heart of the model.
Who is XTB for?
XTB is suitable for both beginners and experienced investors. Beginners will appreciate the educational resources and ease of use, while experienced traders will benefit from advanced tools and a wide selection of assets to diversify their strategies.
Is it easy to withdraw money from XTB?
XTB facilitates withdrawals thanks to various options such as bank transfer and e-wallets. Requests are usually processed within 24 hours, ensuring quick access to funds. There are no fees above a certain amount, and the process is clear and secure.
Is XTB reliable?
XTB is a reliable broker regulated in France by the AMF and supervised by reputable authorities such as the FCA and CySEC. It protects its clients' funds in segregated accounts, guaranteeing a secure trading environment. With millions of users, XTB is establishing itself as a reliable and transparent platform.
Why Choose XTB?
XTB stands out with its intuitive platform and powerful tools like xStation, ideal for all levels. With a wide range of assets, including stocks, cryptos, and forex, investing becomes accessible. Furthermore, the extensive educational content enables traders to develop quickly and become more autonomous.
What fees does XTB charge?
XTB offers competitive fees, especially 0% commission on the purchase of stocks and ETFs. Spreads are attractive and deposits are free. Withdrawals over $100 are free, and prolonged inactivity may result in fees after one year. Transparency is at the heart of the model.
Who is XTB for?
XTB is suitable for both beginners and experienced investors. Beginners will appreciate the educational resources and ease of use, while experienced traders will benefit from advanced tools and a wide selection of assets to diversify their strategies.
Is it easy to withdraw money from XTB?
XTB facilitates withdrawals thanks to various options such as bank transfer and e-wallets. Requests are usually processed within 24 hours, ensuring quick access to funds. There are no fees above a certain amount, and the process is clear and secure.
- No Fees on ETFs
- Educational Resources
- Copy Trading Available
- 4.5% interest on uninvested funds
- No Fees on ETFs
- Educational Resources
- Copy Trading Available
- 4.5% interest on uninvested funds
Is IG reliable?
Yes, IG is a recognized trading platform regulated by leading authorities such as the FCA in the UK and the AMF in France. It protects customer funds through segregated accounts and ensures increased security. Many users confirm its reliability and transparency in handling transactions.
Why choose IG?
IG is ideal for beginners and experienced traders alike. Its simple user interface and practical tools such as the ProRealTime feature make it easier to learn trading. The platform offers a wide range of assets, from stocks to cryptocurrencies, while emphasizing an active community to exchange ideas and make progress together.
What fees does IG charge?
IG stands out with competitive fees, with no commissions on the purchase of stocks and ETFs. Spreads are affordable and there are no fees for deposits. However, inactivity fees may apply if your account is inactive for 2 years. The platform focuses on transparency to avoid surprises.
Who is IG suitable for?
IG is suitable for all types of investors. If you are a beginner, you will benefit from a clear user interface and demo accounts to learn at your own pace. For experienced traders, IG offers powerful tools and a wide range of assets, from stocks to options, to refine your trading strategies.
Is it easy to withdraw money from IG?
Withdrawing your money from IG is easy and fast. You can use various methods such as bank transfer, PayPal, or credit card. Withdrawals are processed quickly and the fees are transparent. Thousands of customers confirm the smooth process and direct access to their funds.
Is IG reliable?
Yes, IG is a recognized trading platform regulated by leading authorities such as the FCA in the UK and the AMF in France. It protects customer funds through segregated accounts and ensures increased security. Many users confirm its reliability and transparency in handling transactions.
Why choose IG?
IG is ideal for beginners and experienced traders alike. Its simple user interface and practical tools such as the ProRealTime feature make it easier to learn trading. The platform offers a wide range of assets, from stocks to cryptocurrencies, while emphasizing an active community to exchange ideas and make progress together.
What fees does IG charge?
IG stands out with competitive fees, with no commissions on the purchase of stocks and ETFs. Spreads are affordable and there are no fees for deposits. However, inactivity fees may apply if your account is inactive for 2 years. The platform focuses on transparency to avoid surprises.
Who is IG suitable for?
IG is suitable for all types of investors. If you are a beginner, you will benefit from a clear user interface and demo accounts to learn at your own pace. For experienced traders, IG offers powerful tools and a wide range of assets, from stocks to options, to refine your trading strategies.
Is it easy to withdraw money from IG?
Withdrawing your money from IG is easy and fast. You can use various methods such as bank transfer, PayPal, or credit card. Withdrawals are processed quickly and the fees are transparent. Thousands of customers confirm the smooth process and direct access to their funds.
- Low fees for CFDs
- Transparent fees
- Free training courses
- Low fees for CFDs
- Transparent fees
- Free training courses
Is Libertex reputable?
Libertex is a broker regulated by CySEC. With over 10 years of experience, it enjoys a good reputation among traders. The security of fund accounts is ensured through strict protocols and complete transparency of transactions.
Why choose Libertex?
Libertex stands out for its user-friendly interface, ideal for all types of traders. Its advanced technology allows access to a wide range of assets, from stock CFDs to cryptocurrency CFDs. In addition, its leverage of up to 1:30 for retail investors and its powerful analysis tools provide a good trading environment.
What fees does Libertex charge?
Libertex's fees are competitive, with tight spreads and low commissions on certain transactions. Trading certain assets is commission-free, but other fees may apply. Commission fees vary by asset, while inactivity fees may apply after prolonged inactivity. The platform prides itself on its transparency to avoid unpleasant surprises.
Who is Libertex for?
Libertex is accessible to all types of traders and stands out especially for its user-friendly interface and educational resources. Experienced traders will appreciate the variety of assets available, including CFDs on currencies, indices and commodities, as well as a demo account to refine their strategies.
Is it easy to withdraw funds from Libertex?
Withdrawing funds from Libertex is a smooth and secure process. Users can use various methods such as bank transfer, credit card, or PayPal. Processing times vary depending on the option chosen but are competitive. The platform guarantees complete transparency about fees, ensuring quick and easy access to funds.
Is Libertex reputable?
Libertex is a broker regulated by CySEC. With over 10 years of experience, it enjoys a good reputation among traders. The security of fund accounts is ensured through strict protocols and complete transparency of transactions.
Why choose Libertex?
Libertex stands out for its user-friendly interface, ideal for all types of traders. Its advanced technology allows access to a wide range of assets, from stock CFDs to cryptocurrency CFDs. In addition, its leverage of up to 1:30 for retail investors and its powerful analysis tools provide a good trading environment.
What fees does Libertex charge?
Libertex's fees are competitive, with tight spreads and low commissions on certain transactions. Trading certain assets is commission-free, but other fees may apply. Commission fees vary by asset, while inactivity fees may apply after prolonged inactivity. The platform prides itself on its transparency to avoid unpleasant surprises.
Who is Libertex for?
Libertex is accessible to all types of traders and stands out especially for its user-friendly interface and educational resources. Experienced traders will appreciate the variety of assets available, including CFDs on currencies, indices and commodities, as well as a demo account to refine their strategies.
Is it easy to withdraw funds from Libertex?
Withdrawing funds from Libertex is a smooth and secure process. Users can use various methods such as bank transfer, credit card, or PayPal. Processing times vary depending on the option chosen but are competitive. The platform guarantees complete transparency about fees, ensuring quick and easy access to funds.
- What is Metatrader 4?
- What Is a Metatrader 4 Broker?
- Why choose a broker offering Metatrader 4?
- Tradable assets with a Metatrader 4 broker
- The Cost of Using Metatrader 4
- Who Are Metatrader 4 Brokers For?
- Alternatives to Metatrader 4 Brokers
- The Features of Metatrader 4
- How to Open a Metatrader 4 Account
- How to Use Metatrader 4
- How to Choose the Best Metatrader 4 Broker
- FAQ
What is Metatrader 4?
Metatrader 4 is a trading platform developed by MetaQuotes Software and first released in 2005, primarily to support Forex and CFD trading for both retail and professional traders.
It provides essential functionalities such as real-time order execution, a wide array of technical analysis tools, and the flexibility to execute manual or automated trading strategies using Expert Advisors (EAs).
Metatrader 4 is compatible with a large selection of brokers, and can be used across multiple operating systems and devices, including Windows, macOS, Android, iOS, and web browsers.
The platform’s enduring popularity, even as more modern alternatives are introduced, stands on its simplicity, stability, and an extensive ecosystem of community support, custom indicators, and trading robots.
For traders in South Africa today, Metatrader 4 remains a trusted and relevant choice for its proven features and adaptability to different trading needs.
What Is a Metatrader 4 Broker?
A broker Metatrader 4 is a licensed financial intermediary in South Africa that connects traders to the Metatrader 4 platform and provides the technical infrastructure required for trading.
Such brokers ensure access to real-time market data, execute buy and sell orders, and maintain reliable connections so that traders can operate efficiently.
Not all brokers are compatible with Metatrader 4, as offering this platform requires specific technical integration and adherence to licensing agreements.
- A trading account with login details that allow direct access to the Metatrader 4 platform
- Access to a wide range of markets and instruments, including forex, indices, commodities, cryptocurrencies, and stocks via CFDs
- Transparent trading conditions with clear information on spreads, leverage, commission fees, and order execution quality
- Full support for Metatrader 4’s main features, such as automated trading through Expert Advisors, use of technical indicators, and setting conditional orders
- Customer support and technical assistance for using the platform and managing accounts
Traders in South Africa frequently choose brokers that offer Metatrader 4 because of the platform's familiarity, flexibility, and extensive tools—often making it a preferred choice over many proprietary broker platforms.
Why choose a broker offering Metatrader 4?
Choosing a broker that offers Metatrader 4 is highly beneficial for South African traders, as the platform is renowned for its long-standing reputation, consistent stability, and large user base both locally and around the world. Regulated brokers in South Africa often support Metatrader 4, giving traders a trusted, compliant, and transparent environment for conducting trades. Its popularity is driven by wide compatibility, user-friendly tools, and a reliable structure that suits both beginners and experienced traders comparing different brokers.
Advantages
- ✅ Trusted and widely recognised by regulated brokers in South Africa
- ✅ Intuitive interface suitable for beginners and experienced traders alike
- ✅ Robust technical analysis tools and a variety of charting options
- ✅ Supports automated trading through Expert Advisors (EAs)
- ✅ Large online community, offering free custom indicators and resources
- ✅ Compatible with desktop, web, and mobile devices for flexible access
- ✅ Stable order execution with minimal downtime
Disadvantages
- ❌ Outdated graphic interface relative to newer platforms
- ❌ Some features are less advanced for asset classes outside forex and CFDs
- ❌ Fewer integrated portfolio management and risk tools
- ❌ Limited security features such as no native two-factor authentication
- ❌ Customisation and automation can require technical knowledge
Summary
Metatrader 4 brokers remain highly relevant in South Africa, providing a dependable and accessible platform for traders seeking reliability, robust tools, and a supportive trading community, regardless of experience level.
Tradable assets with a Metatrader 4 broker
Brokers offering Metatrader 4 provide access to a wide range of asset classes, typically through contracts for difference (CFDs). This enables South African traders to speculate on the price movement of financial instruments without owning the underlying assets, offering both flexibility and ease of diversification.
| Category | Example Assets | Access Type | Interest with Metatrader 4 |
|---|---|---|---|
| Forex | USD/ZAR, EUR/USD, GBP/JPY | CFDs on Forex | High liquidity, tight spreads, advanced tools |
| Indices | JSE Top 40, S&P 500, FTSE 100 | CFDs on Indices | Exposure to global and local markets, diversification |
| Commodities | Gold, Oil, Silver, Platinum | CFDs on Commodities | Leverage and hedging opportunities |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin | CFDs on Crypto | 24/7 trading, high volatility |
| Stocks (CFD) | Sasol, Naspers, Apple, Tesla | CFDs on Stocks | Trade popular shares, short-term speculation |
Currencies (Forex)
Metatrader 4 is widely used for trading major, minor, and exotic currency pairs through CFDs. South African traders often focus on pairs like USD/ZAR as well as global majors such as EUR/USD and GBP/JPY. The platform’s charting tools and ability to automate trading strategies are particularly valuable in this highly liquid and volatile market.
- USD/ZAR
- EUR/USD
- GBP/JPY
Stock indices
On Metatrader 4, indices are offered via CFDs that represent baskets of leading stocks from different economies. This allows traders to gain exposure to the overall performance of a local or global market in a single trade, aiding in diversification and risk management.
- JSE Top 40
- S&P 500
- FTSE 100
Commodities
Commodities are accessible on Metatrader 4 through CFDs, which enable traders to speculate on the price movement of goods like metals or energy without direct physical ownership. This asset class can be used to diversify a portfolio or hedge against inflation risks.
- Gold
- Oil
- Silver
- Platinum
Cryptocurrencies
Many brokers offer cryptocurrency CFDs on Metatrader 4, giving traders the ability to take advantage of price movements in digital assets without owning or managing crypto wallets. This market is known for its extended trading hours and volatility.
- Bitcoin
- Ethereum
- Litecoin
Stocks (CFD)
CFDs on stocks enable traders to speculate on the price of individual shares, both local and international, directly through Metatrader 4. You can go long or short and react quickly to market news or earnings reports, making this suitable for active traders.
- Sasol
- Naspers
- Apple
- Tesla
The available stocks may vary depending on the broker and regional offering.
The Cost of Using Metatrader 4
Access to Metatrader 4 is generally free for individual traders in South Africa, as it is provided by most brokers as part of their standard offering. Most costs associated with using Metatrader 4 come from the broker’s own fee structure rather than from direct charges by the platform itself.
| Fee Type | Explanation |
|---|---|
| Spread | The difference between the buy and sell price for each instrument, varying by broker and asset |
| Commission | A fixed or variable fee per trade, depending on the broker’s pricing model |
| Swap/Overnight Fees | Interest charges or credits applied for holding positions overnight |
| Inactivity Fees | Charges if an account remains unused for a specified period, as defined by the broker |
| Deposit/Withdrawal Fees | Potential costs for adding or withdrawing funds, depending on the payment method and broker |
In addition to standard broker fees, traders using Metatrader 4 may encounter optional or additional costs, especially when seeking to enhance functionality or automation:
- Purchasing or subscribing to Expert Advisors (automated trading bots)
- Buying custom or premium technical indicators
- Renting a VPS (Virtual Private Server) for uninterrupted automated trading
Who Are Metatrader 4 Brokers For?
Brokers offering Metatrader 4 are suitable for a wide range of trader profiles in South Africa, from those new to trading to highly experienced professionals. This suitability is based on the platform’s flexibility, accessible interface, and advanced tools that support both simple and sophisticated trading strategies.
Trader profiles
| Profile | Characteristics | Relevance of Metatrader 4 |
|---|---|---|
| Beginner | Learning trading basics, needs a user-friendly interface | Metatrader 4 is widely used, intuitive, and supported by extensive educational resources and demo accounts. |
| Intermediate | Building skills, using analysis tools, refining strategy | Offers robust technical indicators, charting, and the ability to test new strategies. |
| Expert | Advanced trading, using automation and custom tools | Comprehensive support for algorithms (EAs), custom indicators, and complex strategy management. |
Metatrader 4 stands out for its strong suitability in Forex and CFD trading, and is valued by technical traders for its vast selection of indicators and customisable charting. However, access to some asset classes, such as equities or bonds, may be limited through certain brokers due to the platform’s primary focus on leveraged markets.
Compatible goals and strategies
| Strategy | Description | Why Metatrader 4 is suitable |
|---|---|---|
| Scalping | Quick, short-term trades for small price movements | Fast execution, custom scripts, and low latency support. |
| Day trading | All positions closed within a single trading session | Real-time pricing, efficient order management, and active monitoring. |
| Swing trading | Holding positions over days or weeks | Advanced technical analysis and multi-timeframe charting tools. |
| Automated trading | Use of scripts or Expert Advisors (EAs) | Built-in scripting and automation features for systematic trading. |
| Multi-asset | Trading across several markets via one platform | Wide CFD coverage (forex, commodities, indices) depending on the broker. |
Overall, Metatrader 4 offers robust versatility and strong support for multiple trading styles, making it a practical choice for a wide range of traders in South Africa.
Alternatives to Metatrader 4 Brokers
While Metatrader 4 is widely recognised as a benchmark platform among South African traders, there is a range of alternative trading platforms available. These are developed by industry competitors or offered directly by brokers as in-house solutions. Alternatives may appeal to traders seeking newer features, expanded charting options, spot market access, or a modern, visual trading experience tailored to evolving market needs.
| Platform | Developed by | Key strengths | Target audience | Brokers |
|---|---|---|---|---|
| Metatrader 4 | MetaQuotes | Extensive automation, stability, community script library | Forex & CFD traders, algorithmic and retail users | Exness, HFM, XM |
| MetaTrader 5 | MetaQuotes | Multi-asset support, advanced analytics, enhanced order types | Multi-asset traders, advanced retail users | Exness, Pepperstone, XM, FBS |
| cTrader | Spotware | Intuitive interface, advanced order management, DoM | Day traders, scalpers, technical analysts | IC Markets, FxPro, Pepperstone |
| TradingView | TradingView Inc. | Leading charting tools, scripting, social and community features | Visual traders, multi-asset investors, analysts | FNB, IFX Brokers (via integration) |
| Proprietary | Local brokers | Custom tools, SA market integration, stock trading | Local equities & derivatives traders | IG South Africa, Standard Bank, EasyEquities |
To remember
Metatrader 4 continues to be a reliable and versatile solution in South Africa, especially valued by traders using algorithmic strategies or those seeking customisable scripts and tools.
The Features of Metatrader 4
| Feature | Description |
|---|---|
| ⏰ Real-time trading | Instant access to live market prices and fast execution of trades |
| ⚙️ Order management | Tools such as stop loss, take profit, and trailing stop for effective risk management |
| 📊 Technical analysis | Wide selection of built-in and custom indicators, drawing tools, and oscillators |
| 📈 Interactive charts | Multiple timeframes, chart types, and high customization for comprehensive analysis |
| 🤖 Automated trading | Supports scripts, Expert Advisors (EAs), and historical backtesting for strategy testing |
| 🔔 Alerts and notifications | In-app alerts, sound, email, and push notifications for timely market updates |
| 🔒 Security | Data encryption and secure user logins to protect sensitive information |
| 📱 Multi-device compatibility | Usable on PC, Mac, smartphones, and tablets for flexible trading |
Metatrader 4 creates a real-time trading environment, allowing traders in South Africa to execute trades at current market prices with minimal delay. Its order management options include stop loss, take profit, and trailing stop, helping traders manage risks and protect profits efficiently.
The platform offers robust technical analysis tools, including a variety of native indicators, the possibility to install custom indicators, and numerous charting tools to support detailed market analysis. Interactive charting capabilities allow for multiple timeframes, various chart types, and extensive customization to suit any trading style.
Automated trading is supported via customizable scripts and Expert Advisors, enabling users to implement and test algorithmic trading strategies. Metatrader 4 also includes backtesting functionality for evaluating strategies on historical data before applying them live.
Alert systems ensure traders never miss account events or market movements, with flexible notifications by app, sound, email, or push messages. Traders gain additional flexibility through seamless compatibility with desktops, web browsers, and mobile devices.
These comprehensive features explain why Metatrader 4 remains a preferred choice for both new and experienced traders throughout South Africa.
How to Open a Metatrader 4 Account
Opening a Metatrader 4 account is done through a broker that offers support for this platform. After completing the registration, traders receive login credentials, which allow them to access Metatrader 4 from their preferred device.
| Step | Description |
|---|---|
| Choose a broker | Select a regulated broker in South Africa that supports Metatrader 4 |
| Fill in the registration form | Provide your personal and contact information as required by the broker |
| Verify identity (KYC) | Submit valid identification and proof of address for KYC verification |
| Select account type | Decide on a demo (practice) or live (real-money) trading account |
| Download Metatrader 4 | Install the platform on your desktop, smartphone, or tablet |
| Log in with broker credentials | Use the login details provided by your broker to access your account |
| Make the first deposit | Fund your account to begin live trading (for live accounts) |
Tip
It is recommended to start with a demo account to become familiar with the Metatrader 4 interface and features before transitioning to a live account.
How to Use Metatrader 4
Metatrader 4 is a complete platform for managing trading operations, suitable for both market analysis and order management. In this guide, you will find a step-by-step approach to using Metatrader 4 efficiently, making it easier to develop your skills as a trader.
Search for an asset on Metatrader 4
- Open the “Market Watch” window using Ctrl+M or via the “View” menu.
- Right-click anywhere inside Market Watch and select “Show All” to display all tradable assets.
- For specific assets, right-click and select “Symbols”, then browse available categories and enable the asset you want.
Use indicators on Metatrader 4
- Go to the “Insert” menu and choose “Indicators.”
- Select from a list of built-in indicators such as RSI, Moving Average, or MACD.
- Adjust indicator settings as required in the pop-up window.
- The indicator will then appear on your chart.
- To remove an indicator, right-click it in the chart area and select “Delete Indicator.”
Place an order with Metatrader 4
- Select your chosen asset from the Market Watch window.
- Click the “New Order” button or right-click the asset and select “New Order.”
- Set your trading volume (lot size).
- Enter stop loss and take profit levels to manage your risk automatically.
- Choose the order type:
- “Market Execution” for instant orders
- “Pending Order” to schedule a trade at a specific price
- Click “Buy” or “Sell” to place your order.
Practical example
To buy EUR/USD, select the pair in Market Watch and open a new order. Set the volume at 0.10 lots, stop loss at 1.0800, and take profit at 1.0930. After confirming, the order appears in the “Trade” tab of the terminal, showing all your trade’s parameters and real-time updates.
Metatrader 4 includes a one-click trading mode, which allows active traders—like scalpers—to open and close trades instantly from the chart, offering fast execution and more effective responses to quick market changes.
How to Choose the Best Metatrader 4 Broker
Not all Metatrader 4 brokers offer the same quality or reliability. Traders in South Africa should compare a range of technical, financial, and regulatory criteria to make an informed decision. The aim is to choose a broker that fits your trading profile and supports your strategy, with strong safeguards for your funds.
| 🔎 Criterion / Advice | Description | Why it matters |
|---|---|---|
| 🛡️ Regulation | Confirm the broker is licensed by the FSCA or another recognised authority. | Ensures client protection, legal compliance, and fund safety. |
| ⚡ Execution type | Compare ECN/STP execution with market maker models for order processing. | Affects order speed, transparency, and possible conflicts. |
| 💸 Spreads and fees | Assess whether spreads are fixed or variable, and check for extra commissions or charges. | Impacts your overall trading costs on Metatrader 4. |
| 🏦 Leverage | Evaluate the leverage options and their alignment with your risk tolerance and regulations. | Determines market exposure and risk management. |
| 📈 Available assets | Review the range of available instruments—currencies, indices, commodities, etc. | Supports portfolio diversification and trading opportunities. |
| 🛠️ MT4 tool compatibility | Ensure full access to all Metatrader 4 features, including indicators and expert advisors. | Enables platform customisation and automated trading. |
| 🧪 Demo account availability | Check if you can practise with live trading conditions risk free using a demo account. | Allows you to evaluate the broker and platform features. |
| 📞 Customer service | Consider the accessibility, responsiveness, and language options of client support. | Essential for resolving platform or account issues promptly. |
| 🧭 Platform testing advice | Test the broker’s Metatrader 4 offering on a demo before committing real funds. | Ensures platform reliability and suitability for your needs. |
Advice
Go beyond marketing promises: analyse each criterion with objectivity, compare several brokers, and always test their services using a demo account before trading live with real funds.
FAQ
Why choose a broker offering Metatrader 4 rather than another type of platform?
Metatrader 4 is popular among South African traders for its user-friendly interface, robust technical analysis tools, and reliable automated trading capabilities. It is widely supported by brokers, making it accessible and suitable for both beginners and experienced traders.
How to install Metatrader 4 and connect to my broker account?
Download Metatrader 4 from your broker’s website or the official MT4 site, then follow the installation instructions for your device. After installing, log in to your account using the credentials provided by your chosen broker to access the trading environment.
What types of assets can I trade with a Metatrader 4 broker?
Metatrader 4 brokers in South Africa typically offer forex, indices, commodities, and sometimes cryptocurrencies. The exact asset lineup depends on the broker, so it is important to check asset availability before opening an account.
Are Metatrader 4 brokers regulated and reliable?
The reliability of a Metatrader 4 broker depends on their regulatory status, not the platform itself. South African traders should look for brokers authorised by the FSCA or respected international regulators to ensure fund protection and fair trading standards.
Can I trade on Metatrader 4 from a mobile or tablet?
Yes, Metatrader 4 provides dedicated apps for both Android and iOS, as well as a web version. You can access your trading account, monitor markets, and manage orders on-the-go from any compatible device.
What fees should I expect with a Metatrader 4 broker (spread, commission, swap)?
Traders can expect costs such as spreads (the difference between buy and sell prices), potential trading commissions, and overnight swap or rollover fees. Review your broker’s fee schedule to understand all possible charges before trading live.
Why choose a broker offering Metatrader 4 rather than another type of platform?
Metatrader 4 is popular among South African traders for its user-friendly interface, robust technical analysis tools, and reliable automated trading capabilities. It is widely supported by brokers, making it accessible and suitable for both beginners and experienced traders.
How to install Metatrader 4 and connect to my broker account?
Download Metatrader 4 from your broker’s website or the official MT4 site, then follow the installation instructions for your device. After installing, log in to your account using the credentials provided by your chosen broker to access the trading environment.
What types of assets can I trade with a Metatrader 4 broker?
Metatrader 4 brokers in South Africa typically offer forex, indices, commodities, and sometimes cryptocurrencies. The exact asset lineup depends on the broker, so it is important to check asset availability before opening an account.
Are Metatrader 4 brokers regulated and reliable?
The reliability of a Metatrader 4 broker depends on their regulatory status, not the platform itself. South African traders should look for brokers authorised by the FSCA or respected international regulators to ensure fund protection and fair trading standards.
Can I trade on Metatrader 4 from a mobile or tablet?
Yes, Metatrader 4 provides dedicated apps for both Android and iOS, as well as a web version. You can access your trading account, monitor markets, and manage orders on-the-go from any compatible device.
What fees should I expect with a Metatrader 4 broker (spread, commission, swap)?
Traders can expect costs such as spreads (the difference between buy and sell prices), potential trading commissions, and overnight swap or rollover fees. Review your broker’s fee schedule to understand all possible charges before trading live.
