Top African Brokers for 2020

African Brokers Explained

Trading the financial markets with African Brokers when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for African Brokers is the platform that a African Brokers offer.

Choose African Brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need African Brokers that you can rely on.

6 Factors to Consider when Choosing African Brokers

Follow these five rules for selecting a broker that's right for you:

Are Your African Brokers Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated African broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.

eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Another top rated broker is IC Markets.

IC Markets was established 2007, and in operation for 12 years IC Markets have a head office in Australia.

IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Broker	eToro	IC Markets	FP Markets	XTB	Trading212	Roboforex
Year Established	2006	2007	2005	2002	2006	2009
Head Office	Cyprus, UK	Australia	Australia	Poland	UK	Cyprus
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)	Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego	Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)	Cyprus Securities and Exchange Commission (CySEC)
Used By	12,000,000+	60,000+	10,000+	200,000+	14,000,000+	10,000+
Negative balance protection	Yes	Yes	Yes	Yes	Yes	No
Guaranteed Stop Loss	No	No	No	No	Yes	No
Learn More	Visit eToro	Visit IC Markets	Visit FP Markets	Visit XTB	Visit Trading 212	Visit Roboforex
Risk Warning	75% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits	Losses can exceed deposits	79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Losses can exceed deposits

Are The African Brokers World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for African Brokers is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.

Broker	eToro	IC Markets	FP Markets	XTB	Trading212	Roboforex
Instruments Available	100	232	100	1,500	3000	100
Platforms	Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps
Excluded Countries	IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI,	US	US, JP, NZ	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR	US	US, JP
Forex pairs offered	50	65	60	50	177	35
Forex pairs offered	50	65	60	50	177	35
Major forex pairs	Yes	Yes	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	Yes	Yes	Yes	Yes	No
Commodities Offered	0	19	18	21	14	0
Metals	Yes	Yes	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes	Yes	No
Agricultural	Yes	Yes	Yes	Yes	Yes	No
Stocks Offered	957	100	10000	1696	1731	0
UK Shares	Yes	No	Yes	Yes	Yes	No
US Shares	Yes	Yes	Yes	Yes	Yes	No
German Shares	Yes	Yes	Yes	Yes	Yes	No
Japanese Shares	Yes	Yes	Yes	Yes	Yes	No

What are the African Brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated African broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency. eToro minimum deposit is 200.

Another top rated African broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.

Broker	eToro	IC Markets	FP Markets	XTB	Trading212	Roboforex
Min Deposit	200	200	100	0	1	1
Withdrawl Fees	Yes	No	No	varies	No	Yes
Inactivity Fees	Yes	No	No	No	No	No
Deposit Fees	No	Varies	Yes	No	No	No
CFD Commission Fees	No	Yes	Yes	Yes	No	No

What are the African Brokers Funding and Withdrawal Methods?

When dealing with African Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	eToro	IC Markets	FP Markets	XTB	Trading212	Roboforex
Bank transfer	Yes	Yes	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	Yes	Yes	No
Skrill	Yes	Yes	Yes	Yes	Yes	No
Payoneer	No	No	No	Yes	No	Yes
Neteller	Yes	Yes	Yes	Yes	No	Yes

Find African Brokers with Round-the-clock support?

Customer service is very important when dealing with African Brokers.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

African Brokers customer support can include Phone answering services, Live chat support and Email customer service support.

eToro support a wide range of languages including English, German, Spanish, French, and Italian

IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	eToro	IC Markets	FP Markets	XTB	Trading212	Roboforex
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, German, Spanish, French, and Italian	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文	English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
Learn More	Visit eToro	Visit IC Markets	Visit FP Markets	Visit XTB	Visit Trading 212	Visit Roboforex
Risk Warning	75% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits	Losses can exceed deposits	79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Losses can exceed deposits

Make sure the African Brokers Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why do African Brokers need to be regulated?

A regulated African broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

African brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

African Brokers FAQ

What are the best African brokers?

The best African brokers that are regulated are

• eToro rated 4/5
• IC Markets rated 4/5
• FP Markets rated 4/5
• XTB rated 4/5
• Trading 212 rated 4/5
• Roboforex rated 4/5
• City Index rated 4/5
• Plus500 rated 4/5
• Pepperstone rated 4/5
• XM rated 4/5
• FXPrimus rated 4/5

What is the best African broker?

The best African broker is eToro. We consider eToro one of the best African brokers because eToro is actively used by over 12000000 active traders. eToro ia regulated by tier 1 financial regulators including Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). eToro were founded in 2006 and have a headquarters in Cyprus, UK. You can open a live trading account with eToro with as little as a 200 min deposit.

Related African Brokers Reviews

Read our reviews on our African Brokers listed above. You can read our indepth African Brokers reviews below.

• eToro Review
• IC Markets Review
• FP Markets Review
• XTB Review
• Trading 212 Review
• Roboforex Review
• City Index Review
• Plus500 Review
• Pepperstone Review
• XM Review
• FXPrimus Review

Related African Brokers Alternatives

If you feel some of the above African Brokers are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of African Brokers alternatives below.

• eToro Alternatives
• IC Markets Alternatives
• FP Markets Alternatives
• XTB Alternatives
• Trading 212 Alternatives
• Roboforex Alternatives
• City Index Alternatives
• Plus500 Alternatives
• Pepperstone Alternatives
• XM Alternatives
• FXPrimus Alternatives

Related African Brokers Comparisons

You can read some of our African Brokers comparisons. We compare side by side some of our top rated African Brokers . Read some African Brokers VS pages below.

• eToro vs ICMarkets
• eToro vs FPMarkets
• eToro vs XTB
• ICMarkets vs eToro
• ICMarkets vs FPMarkets
• ICMarkets vs XTB
• FPMarkets vs eToro
• FPMarkets vs ICMarkets
• FPMarkets vs XTB
• XTB vs eToro
• XTB vs ICMarkets
• XTB vs FPMarkets
• Trading212 vs eToro
• Trading212 vs ICMarkets
• Trading212 vs FPMarkets
• Roboforex vs eToro
• Roboforex vs ICMarkets
• Roboforex vs FPMarkets
• CityIndex vs eToro
• CityIndex vs ICMarkets
• CityIndex vs FPMarkets
• Plus500 vs eToro
• Plus500 vs ICMarkets
• Plus500 vs FPMarkets
• Pepperstone vs eToro
• Pepperstone vs ICMarkets
• Pepperstone vs FPMarkets
• XM vs eToro
• XM vs ICMarkets
• XM vs FPMarkets
• FXPrimus vs eToro
• FXPrimus vs ICMarkets
• FXPrimus vs FPMarkets