How To Buy Stocks In South Africa

How To Buy Stocks In South Africa

Learn how to buy stock in South Africa;

What is stock?

In finance, stock consists of all of the shares into which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. 

Below are steps involved in buying stocks in South Africa

Step by Step Guide How to Buy shares on the JSE (Johannesburg Stock Exchange)

  1. Find the share you want to buy.
  2. Click on OPEN A FREE TRADING ACCOUNT button on the top right.
  3. Then, Open a Trading Account.
  4. Fill in your personal details.
  5. Verify your account via email.
  6. KYC your profile.
  7. Make your first share purchas

What are the best shares to buy in South Africa?

11 South African stocks to watch in 2022, according to Bank of…

  • Shoprite.
  • Bidvest.
  • Barloworld. In Industrials, BofA said it likes Barloworld and Bidvest given attractive valuations and strong earnings momentum.
  • Bidcorp.
  • Netcare.
  • Aspen. …
  • MTN

Best Brokers in South Africa Reviewed

  • FXVC – Overall Best Stock Broker in South Africa. …
  • Libertex– Low-Cost Trading App With ZERO Spreads. …
  • AvaTrade – Trusted South Africa Trading Platform with MT4/5. …
  • VantageFX – Best Forex Trading Platform in South Africa. …
  • Plus500 – Best Trading Platform for South African Stock CFDs.

The best online brokers for beginners in South Africa in 2022 are:

  1. Passfolio – the best broker for beginners in South Africa in 2022. Free US stock and ETF trading. Great mobile platform. Fast and fully digital account opening.
  2. Alpaca Trading is our runner-up. Great API trading service. Free stock & ETF trading. Fantastic charting tools.
  3. Questrade placed third. Low stock and ETF fees. Solid research tools. Superb customer service.
  4. EasyEquities is at number four. Low trading fees and non-trading fees. Excellent educational materials. Easy and fully digital account opening.
  5. Swissquote just made it to the list in fifth place. Access to many markets and products. No inactivity fee. Rock-solid background.
BrokerInfoFees scoreMinimum deposit
#1PassfolioGlobal zero-commission stockbroker4.3stars$0
#2Alpaca TradingUS API broker4.9stars$0
#3QuestradeCanadian stockbroker3.6stars$1,000
#4EasyEquitiesSouth African stockbroker4.4stars$0
#5SwissquoteSwiss investment bank2.3stars$0

The most successful traders in South Africa are:

  • ☑️ George Van Der Riet.
  • ☑️ Ref Wayne.
  • ☑️ Jabulani Ngcobo.
  • Louis Tshakoane.
  • Shaun Benjamin.
  • Nelisiwe Masango.
  • Paballo Nkwe.
  • Danielle Lester.

How to buy shares in Robinhood from South Africa

  1. Compare share trading platforms. …
  2. Open and fund your brokerage account. …
  3. Search for Robinhood. …
  4. Purchase now or later. …
  5. Decide on how many to buy. …
  6. Check in on your investment.