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Best Paper Trading App in Africa for 2026

Updated: February 05, 2025
1
8.4
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2
5.65
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3
5.05
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Best Paper Trading App in Africa

Table of Contents

  • Intro
  • #1 eToro
  • #2 Easy Equities
  • #3 TradeZero
  • #4 Wells Fargo
  • #5 TradeStation
  • Investment Education
  • Summary
  • FAQs

Many traders in Africa use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Paper Trading App in Africa for 2026, based on our assessments.

1
8.4
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VISIT BROKER
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eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.

2
5.65
Study Review
VISIT BROKER
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Easy Equities is a broker for active and passive investors. The company provides optimal conditions for users regardless of their investment experience, and offers access to trading fractional shares and accounts for children under age.

3
5.05
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VISIT BROKER
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The TradeZero broker has its strengths and weaknesses, like any platform. However, TradeZero is a simple and reliable solution for entering the global stock market.

4
7.46
Study Review

Wells Fargo is a US-regulated broker suitable for both novice investors and seasoned market participants.

5
7.45
Study Review

The conditions of the TradeStation broker are suitable for experienced traders and investors who make large trades in the US stock market.

1
Best Paper Apps in Africa - eToro

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.

👍 Advantages of trading with eToro for traders in Africa :

•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.

•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.

•An opportunity to combine active trading with social trading and passive investing.

•Zero-fee trading of a number of stocks.

•Access to ready-made diversified asset portfolios with various risk levels.

•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.

•Zero fees for portfolio management, depositing funds and account maintenance.

👎 Disadvantages of eToro for traders in Africa:

•High minimum deposit for users of a number of countries.

•No live chat on the website for quick connection to customer support.

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2
Best Paper Apps in Africa - Easy Equities

Easy Equities (EasyEquities) is a US stock broker providing financial services in the international market. The company opens access to South African, American and Australian markets and provides an opportunity to trade fractional shares. Investors can choose an individual or corporate account and there are also accounts for children. EasyEquities is a part of two licensed financial services companies — First World Trader and Purple Group.

👍 Advantages of trading with Easy Equities for traders in Africa :

•Demo accounts with two base currencies to choose from: USA and ZAR.

•Low trading commissions and zero non-trading fees.

•An account for children under age.

•No required minimum deposit amount.

•A possibility to invest independently or use investment offers of the broker.

•Residents of the majority of countries can open an account with the broker.

•Fractional shares are among trading instruments available to traders.

👎 Disadvantages of Easy Equities for traders in Africa:

•Deposit and withdrawal take several days.

•The broker offers very few methods of contacting customer support.

•There is no information about the authorities regulating the operation of Easy Equities.

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3
Best Paper Apps in Africa - TradeZero

TradeZero is a Bahamian broker that provides its clients with access to the interbank market for stock trading. The platform allows you to trade limit orders for NYSE, Amex, and Nasdaq securities for free. Leverage, depending on the parameters of the order, ranges from 1:2 to 1:6. There are no templates for day trading. The broker has developed four trading platforms - ZeroPro, ZeroWeb, ZeroFree, and ZeroMobile, which make it possible to trade with maximum comfort, regardless of the level of the trader and his preferences. The platforms integrate technical analysis tools, news, and analytics.

👍 Advantages of trading with TradeZero for traders in Africa :

•The broker allows you to trade all stocks that are listed on the NYSE, Amex, and Nasdaq exchanges.

•In addition to shares, trading in ETFs and options is available on objectively favorable terms.

•Limit orders greater than $1 and containing up to 200 shares are not subject to commission.

•The broker has proprietary software for working from a desktop, in a browser, and on a mobile device.

•Transparent pricing policy, fixed deposit/withdrawal commissions.

•No commissions on the first deposit.

•The broker provides an extensive pool of educational materials for traders of different levels.

•Fast technical support in live chat, and there is a multi-channel call center and email.

👎 Disadvantages of TradeZero for traders in Africa:

•The minimum deposit is $500. It does not charge a commission, but this is a significant amount, which sometimes repels beginners.

•Use of the ZeroPro and ZeroWeb software with professional functions $59 per month.

•Technical support is not around the clock or on weekends.

•Service priority is given to premium accounts.

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4
Best Paper Apps in Africa - Wells Fargo

Founded in 1852, the Wells Fargo broker is a subsidiary of Wells Fargo & Company, which is currently one of the "big four" US banks and serves more than 70 million customers. The company offers a diversified portfolio of banking, investment, and mortgage products, as well as insurance and financial planning services. Wells Fargo is regulated by FINRA (CRD#: 11025/SEC#: 801-57434,8-28721) and the NFA (0320678). Its clients have access to SIPC coverage, securities trading, and investment in managed portfolios.

👍 Advantages of trading with Wells Fargo for traders in Africa :

•Banking products, bank cards, trading, investment, and savings accounts are managed through a single application.

•A vast array of assets: stocks, options, ETFs, fixed income instruments, and mutual funds.

•Deposits start at $1.

•Control of activities by FINRA and NFA.

•Availability of segregated accounts and SIPC insurance coverage.

•No fees are charged for the online trading of stocks and ETFs.

•Humongous opportunities for Wells Fargo's clients, such as active trading and passive investing are allowed.

👎 Disadvantages of Wells Fargo for traders in Africa:

•In comparison with market competitors, Wells Fargo has pretty hefty fees for trading options.

•The absence of online chat on the official website.

•Investment accounts are not protected by the Federal Deposit Insurance Corporation (FDIC).

STUDY REVIEW

5
Best Paper Apps in Africa - TradeStation

The TradeStation Group (TradeStation) was founded in 1987 as a trading software company then-named Omega Research. After being listed in the American market, Nasdaq launched an online version, and in 2001 it began providing brokerage services for the sale of securities under the TradeStation brand. Until 2021, inclusive, the broker's trading platform was recognized ten times in a row as the best in its class by StockBrokers.com. In 2020, TradeStation was named Broker of the Year at the First Annual TradingView Broker Awards. In the same year, according to Investor's Business Daily, the company was among the Top 4 of US online stock brokers.

👍 Advantages of trading with TradeStation for traders in Africa :

•Licensed by the US Securities and Exchange Commission (SEC) and insurance coverage from the Securities Investor Protection Corporation (SIPC).

•Has a wide range of trading instruments, including cryptocurrencies, IPOs, and ETFs.

•Does not charge commissions for trading US stocks and ETFs.

👎 Disadvantages of TradeStation for traders in Africa:

•You cannot trade currency pairs.

•Regulators do not oversee TradeStation Crypto, Inc., which maintains crypto trading accounts.

•The support service does not work around the clock and only answers questions that are asked in English.

•There are only a few ways to withdraw funds, the average time of receipt of funds to a bank account is 4-5 business days.

STUDY REVIEW

Best Paper Trading App in Africa 2026: Education for Investors

When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.

eToro - Education for Investors

Investment Education Online

eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.

Information provided in the Help Center
Information lacking on the eToro’s website 
What is Take Profit and how to set it?
What are exchange fees and how are they charged?
How to set effective Stop Loss targets?
Descriptions of investment strategies for working with exchange instruments
What is one-click trading?
How to form an asset portfolio on your own?
How to form watchlists?
 
How to work with charts and ProCharts?
 

Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.

Easy Equities - Education for Investors

Investment Education Online

Information

Easy Equities is a broker that provides investment opportunities to its clients regardless of whether they have experience or not. There is a section on the company’s website featuring educational materials that can help the beginners understand the basics of investing and provide additional information to the more experienced traders.

Information provided in the Learn section
Information lacking on the Easy Equities website
Video tutorials on investing basics
The broker doesn’t offer its own educational course
Research portal: features risk analysis and Easy Equities blog
Podcasts with useful information
A help center with answers to the most important questions of novice investors
Articles on the specifics of investing in different instruments

Users can test new trading strategies and their trading skills on free demo accounts. There are two virtual demo accounts: a USD account with a balance of $10,000, and ZAR account with ZAR 100,000.

TradeZero - Education for Investors

Investment Education Online

The broker’s website has a section with training materials, videos, and a detailed manual that can be downloaded in pdf format. There is also a FAQs section with basic information. Thus, the broker provides its clients with all the necessary information so that they can successfully invest in securities.

Information in the Learn section and training videos
Information not available on TradeZero’s website
Basic information on the theory of investment
Theories of working with other investment instruments (for example, currencies, metals, raw materials)
The basics of investing in securities
Descriptions of specific trading strategies
Fundamentals of building strategies for investing in stocks and ETFs
Advanced theory of money management
The theory of working with options
Data on the psychology of trading

Some sources write that TradeZero provides a demo account, but it does not.

Wells Fargo - Education for Investors

Investment Education Online

Information

The Financial Education section on Well Fargo provides training materials on investing and financial planning. For the convenience of users, all information is divided into 7 blocks. Traders’ training is in the Investing section.

The information available in the "Education" section
Information not available on the Wells Fargo website
Investment basics
All-embracing glossary of stock and investment terms
Investment management rules
Descriptions of trading strategies
Investment management principles
What are diversified portfolios and how to work with them
Investment types and selected terminology
Technical and fundamental analysis

Wells Fargo focuses on educational articles on financial planning and therefore provides superficial investment training.

TradeStation - Education for Investors

Investment Education Online

Information

The broker's in-house education arm, YouCanTrade, offers a variety of multimedia learning resources designed to help novice traders master the necessary trading skills and generate new trading ideas from experienced traders.

Information available in the Education Section
Information not available at the TradeStation site
Fundamentals of Trading Stock Market Instruments
Forex terminology
A detailed description of the TradeStation trading platform
Rules for developing your trading strategy and applying it in practice
Market reviews, news, and analytics
Online tips from experienced traders
Answers to frequently asked questions about the services and conditions of the broker
Theories and best practices of technical and fundamental analysis

Trading theory can be consolidated in practice by applying the knowledge gained with virtual trading on a demo account.

Summary

In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Africa choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Paper Trading App in Africa 2026.

eToro Easy Equities TradeZero Wells Fargo TradeStation

Overall score

8.4

5.65

5.05

7.46

7.45

Execution of orders

9.1

5.44

4.79

7.9

7.7

Investment instruments

10

5.9

5.4

7.5

8.3

Withdrawal speed

5

5.5

4.9

7.2

7.2

Customer Support work

9.3

5.8

5.2

7.5

7.9

Variety of instruments

7.2

5.28

4.63

6.93

7.6

Trading platform

9.8

6

5.4

7.7

6

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FAQ

Do I need to pay for downloading the app?

Brokers do not charge a fee for downloading their mobile app. They are provided for free.

Does the functionality of apps differ from that of the web version?

It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.

Are there updates for the apps of brokers?

Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.

How are the apps protected against unauthorized access?

As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Read more
Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

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