Brokstock is probably the biggest broker in South Africa. It is often praised for its absence of deposit and withdrawal commissions, low fees and is considered to have the best investment app. There are also many teaching materials that new users can go through to start their investment journey.
The Brokstock is officially authorized to provide financial services by the FSCA. It is fully regulated, which means the clients’ money is always safe.
The minimum deposit for the residents of South Africa is only 100 ZAR. There is no conversion rate for ZAR deposit but it is the only currency you can use here. The minimum withdrawal amount is just 1 ZAR and, as mentioned above, there are no commissions.
Even with the minimum deposit you can start trading. Users can take advantage of the investment app that impresses with its available tools and features that will be useful to beginners and expert trades alike. The available trading assets include shares (US and JSE), commodities, and currencies.