Top African Brokers for 2025

We found 11 online brokers that are appropriate for Trading African.

Best African Brokers Guide

Analysis by Andrew Blumer, Updated and fact-checked by Senad Karaahmetovic, Last updated – July 01, 2025

Best Online Brokers for African Traders

Online trading is becoming more popular across Africa, and if you're here, you're probably looking to start trading or improve your experience. My goal is to help you find the best online brokers designed to meet the unique needs of African traders. Whether you're new to trading or an experienced investor, picking the right broker can be a game-changer for your success.

For traders in Africa, it’s important to work with brokers that support local currencies like the South African Rand (ZAR), Nigerian Naira (NGN), Kenyan Shilling (KES), or Ghanaian Cedi (GHS). Some brokers even allow deposits and withdrawals in local currencies to avoid currency conversion fees.

Additionally, understanding the role of local regulators and financial exchanges can help you choose a trustworthy broker. For example, in South Africa, the Financial Sector Conduct Authority (FSCA) oversees financial markets, while the Johannesburg Stock Exchange (JSE) serves as the country’s main financial exchange. In Nigeria, the Securities and Exchange Commission (SEC Nigeria) regulates financial markets, and the Nigerian Exchange Group (NGX) is the primary stock exchange. Kenya’s Capital Markets Authority (CMA Kenya) ensures fair trading practices, and traders can explore opportunities on the Nairobi Securities Exchange (NSE Kenya).

I’ll share tips on what to look for in a broker, covering key points like regulation, fees, trading tools, and customer support. By the time you finish reading, you'll know what to expect and be ready to pick a broker that matches your goals. I'll also give examples of brokers operating in Africa to save you time. This guide will help make the process simple and improve your trading journey.

Best Brokers in Africa

best online brokers for african traders

IC Markets

IC Markets Platform Overview

IC Markets is an attractive choice for African traders due to its low-latency infrastructure, which is crucial for those dealing with internet connectivity issues. The broker offers advanced platforms like MT4, MT5, cTrader, and TradingView, catering to experienced traders who require fast execution and tight spreads.

RoboForex

RoboForex Platform Overview

RoboForex appeals to African traders with its high leverage options and competitive spreads, ideal for those looking to maximize their trading potential. The broker supports MT4 and MT5 interfaces, ensuring smooth operations across various devices, which is beneficial for traders with limited access to high-end technology. Awareness of the risks associated with high leverage is crucial for traders using RoboForex.

XTB

XTB Platform Overview

XTB is a strong choice for African traders who value educational resources and market analysis. The broker offers comprehensive research tools, catering to both novice and experienced traders. With regulation by the FCA and CySEC, XTB ensures a secure environment, making it a reliable option for those focused on improving their trading skills.

XM

XM Screenshot

XM provides a variety of account types and trading instruments, making it suitable for African traders with diverse needs. Backed by robust customer support and regulation by ASIC, CySEC, and the IFSC, XM offers a reliable and supportive trading environment, ideal for those prioritizing customer service and regulatory oversight.

Pepperstone

Pepperstone Platform Overview

Pepperstone offers a wide range of trading options and maintains high standards of integrity, making it suitable for African traders with varying preferences and experience levels. Regulated by the FCA and ASIC, Pepperstone ensures a secure trading environment, catering to both novice and seasoned traders.

AvaTrade

AvaTrade Screenshot

AvaTrade stands out for its numerous funding and withdrawal options, which are beneficial for African traders. The broker’s mobile app, AvaTradeGo, and social trading platform, AvaSocial, provide convenience and a community-based trading experience. AvaTrade’s diverse selection of instruments and commission-free structure make it a flexible choice for traders.

FP Markets

FP Markets Screenshot

FP Markets combines advanced technology with competitive spreads and extensive trading options, making it ideal for African traders seeking to optimize their strategies. The broker’s enhanced MetaTrader 4 and 5 platforms offer a cutting-edge digital arsenal for traders demanding high technology without sacrificing cost efficiency.

best online brokers for african traders

Key Factors to Consider When Choosing a Broker in Africa

When I started trading in Africa, I quickly realized there are some unique challenges we face here that you don’t always see in other parts of the world. One of the first things I noticed was how important it is to pick a broker that understands the local regulatory environment. Some African countries have strong financial regulators, like South Africa's Financial Sector Conduct Authority (FSCA), which ensures brokers meet strict standards. However, in many other countries, local regulation is either weak or nonexistent. This means you might need to rely on brokers regulated by international bodies like the FCA or ASIC. I’ve found that checking a broker’s license and reputation is the first step to feeling secure about where my money is going.

Another issue I’ve encountered is currency limitations. In many African countries, brokers often don’t allow deposits or withdrawals in local currencies. For example, in Nigeria, I had to convert my Nigerian Naira (₦) into USD ($) before I could fund my account, which meant I paid extra for currency conversion fees. If your country’s currency is unstable or subject to restrictions, you may want to look for brokers that support multiple currencies or offer flexible funding options, like mobile money services. Some brokers now allow payments through platforms like M-Pesa in East Africa, which makes transactions much easier for traders like us.

MPESA logo

Internet connectivity is another major concern. Trading requires a stable internet connection, and in some parts of Africa, this can be a challenge. I’ve had trades fail to execute because of poor connectivity, especially when I was using platforms with high data requirements. To address this, I started using brokers that offer lightweight platforms or mobile apps optimized for slower connections. For example, platforms like MetaTrader 4 (MT4) tend to be reliable even when the internet isn’t great.

Payment methods can also be a hurdle. Some brokers only accept deposits through international credit cards or bank transfers, which might not be convenient for everyone. I found that brokers offering local payment solutions like mobile money or regional payment systems made it much easier for me to deposit and withdraw funds. For example, in Kenya, brokers supporting M-Pesa made my life a lot easier compared to those requiring international transfers, which often took days to process.

The lack of local African customer support can be frustrating. Some brokers don’t have representatives who understand the specific issues traders in Africa face. I’ve had better experiences with brokers offering multilingual support, including languages spoken across Africa, like English, French, and Arabic. Having someone who understands my concerns, whether it’s about payment delays or platform compatibility, makes all the difference. For instance, when I had an issue with withdrawals, a broker with 24/7 live chat in French resolved it quickly, saving me time and stress.

In Africa, choosing the right broker isn’t just about finding one with good features. It’s about making sure they understand the unique challenges we face, like regulation, payment systems, and connectivity. Taking these factors into account can help you trade with confidence and focus on growing your portfolio.

Key Factors to Consider When Choosing a Broker in Africa

As a trader in Africa, I’ve learned that understanding the fees charged by brokers is essential to maximizing profitability. Many brokers here charge additional deposit or withdrawal fees, often due to limited local payment methods or reliance on international banks. I’ve also noticed that currency conversion fees can add up quickly, especially when trading with brokers that don’t support local currencies like the Nigerian Naira (NGN), South African Rand (ZAR), or Kenyan Shilling (KES). It’s important to review the fee structure thoroughly to ensure there are no hidden costs. For me, finding a broker with transparent fees has made all the difference in managing my trading expenses.

One of the biggest challenges I’ve faced as a trader in Africa is internet connectivity. In some areas, unreliable or slow internet can make trading difficult, especially during volatile market conditions when quick decisions are crucial. That’s why I prioritize brokers that offer lightweight and mobile-friendly trading platforms that work well even with limited bandwidth. Platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been invaluable to me because of their reliability and efficiency. I also appreciate brokers with custom platforms that cater to the specific needs of traders in Africa. A smooth and accessible trading platform helps me stay on top of the markets, no matter where I am.

For me, customer support is non-negotiable. Trading can be stressful, and having reliable support when something goes wrong is a lifesaver. I always look for brokers that offer fast and effective help through live chat, email, or phone. Multilingual support is especially important in Africa, where languages like French, Arabic, and Swahili are widely spoken. Having access to a support team that understands my language and regional needs makes a huge difference. Some brokers even have regional offices or dedicated local support for countries like Kenya, Ghana, and Egypt, which is a big plus for traders like me.

I’ve also found that educational resources provided by brokers can make or break my trading experience. Many brokers offer tutorials, webinars, and demo accounts, which have been incredibly helpful for improving my skills. When I first started, practicing on a demo account allowed me to learn how to trade in real market conditions without risking my money. Now, as a more experienced trader, I rely on advanced resources like market analysis and trading signals to stay informed. Brokers that invest in educating their clients show they care about our long-term success, and that gives me confidence to keep growing as a trader.

Trading in Africa comes with its challenges, but with the right broker, these challenges can be overcome. By focusing on transparent fees, reliable platforms, responsive customer support, and valuable educational resources, I’ve been able to navigate both local and global markets with confidence, even in the face of issues like internet connectivity and regional payment limitations.

Tips for New African Traders

tips for new traders

Starting out as a new trader in Africa is exciting, but it’s also essential to be aware of the unique challenges we face in this region. One of my first tips is to always begin with a demo account. This is especially useful because it allows you to practice trading without risking real money while getting comfortable with the platform. For example, in countries like Nigeria or Kenya, where internet access might be inconsistent in certain areas, a demo account helps you figure out how to adapt your strategies to these conditions without financial risk.

Another crucial tip is to focus on developing a solid risk management plan. Many African traders, including myself, have learned the importance of setting stop-loss orders to limit potential losses. This is especially critical when trading volatile markets like forex, where sudden price movements can lead to significant losses. For instance, if you're trading during times of political or economic uncertainty in regions like South Africa or Egypt, having a risk management strategy can help protect your investments.

Staying informed is another key to success. I’ve found that continuous education is vital because the financial markets are always changing. In Africa, where access to some global financial news may be limited, it’s important to rely on brokers that provide updated market insights, webinars, and trading signals. For example, some brokers offer resources tailored for traders in countries like Ghana, where interest in forex is growing rapidly, to help bridge the knowledge gap.

Creating a trading plan is also essential. For us in Africa, this might mean outlining goals based on the specific challenges in our regions, like varying access to trading platforms or mobile payment options. A good plan will keep you disciplined and prevent emotional decisions, which is crucial in fast-moving markets like cryptocurrencies, popular in countries like Kenya and Nigeria.

Finally, be patient and realistic. Many of us in Africa are tempted by promises of quick profits, especially with the rising interest in forex and crypto trading. However, building consistent success takes time. Start small, refine your strategies, and don’t rush into large trades without proper analysis. Over time, your confidence and skills will grow, and you’ll be better equipped to handle market fluctuations.

Popular African Countries for Trading Online

popular african countries for trading online

Online trading is becoming a big opportunity across Africa, but there are specific challenges and advantages that traders in each country face. Let me share some examples from key countries:

South Africa Brokers

South Africa is well-known for its strong financial markets and regulatory framework. The FSCA ensures that brokers follow strict rules to protect traders like us. When trading in South Africa, I have access to the Johannesburg Stock Exchange (JSE), one of Africa’s most prominent stock exchanges. Popular financial instruments here include equities, government bonds issued by the National Treasury, and derivatives like futures and options. South Africa also offers robust forex and crypto trading opportunities, making it a great choice for traders who value regulation and transparency.

Nigeria Brokers

Nigeria is one of Africa’s largest trading hubs with growing opportunities in forex, commodities, and equities. Trading here can come with some challenges, such as internet connectivity issues, but mobile trading apps are making it easier. Popular instruments in Nigeria include Nigerian equities listed on the Nigerian Exchange Group (NGX), government bonds issued by the Debt Management Office, and commodities like crude oil. If you're trading in Nigeria, check out this list of brokers in Nigeria to find options that cater to local traders like us.

Kenya Brokers

Kenya stands out as a leader in mobile trading, thanks to its innovative payment systems like M-Pesa. These systems make it quick and easy to fund trading accounts. Popular financial instruments in Kenya include equities listed on the Nairobi Securities Exchange (NSE), government bonds issued by the Central Bank of Kenya, and forex trading, which has seen significant growth in recent years. For more details, visit this guide on brokers in Kenya. The flexibility offered by these platforms is ideal for traders who want to trade on the go.

Egypt Brokers

Egypt has a robust financial sector and a growing interest in online trading. The most popular financial instruments here include equities traded on the Egyptian Exchange (EGX), government treasury bills issued by the Ministry of Finance, and forex trading. While finding brokers catering specifically to Egyptian traders can be challenging, many international brokers are expanding their services in this region. If you're interested, check out this list of brokers for Egyptian traders.

Ghana Brokers

Ghana is emerging as a growing market for online trading, thanks to its stable political climate and increasing internet penetration. Popular instruments in Ghana include equities listed on the Ghana Stock Exchange (GSE), government securities issued by the Ministry of Finance, and forex trading. As the trading environment continues to improve, many brokers are focusing on offering competitive fees and local payment options. For tailored choices, take a look at this list of brokers in Ghana. It’s an exciting time to explore trading in this growing market.

Africa's trading landscape is diverse, and each country offers unique opportunities and challenges. By understanding these differences, we can make informed decisions about where and how to trade.

JSE building

Trading Differences Between African Countries

Exploring brokers and trading platforms across different regions in Africa highlights unique opportunities and challenges for traders. Africa's diverse economies, local currencies, and financial instruments influence the trading landscape, offering insights into local commodities and market dynamics.

In South Africa, the trading scene is robust, with access to ZAR-based accounts and instruments such as gold, platinum, and equities. South Africa's well-established regulatory framework ensures traders benefit from reliable oversight and advanced platforms.

Swaziland offers trading opportunities aligned with its small but emerging market. Local traders often focus on forex and commodities, leveraging brokers that provide accounts compatible with SZL (Swazi Lilangeni).

Cameroon caters to traders interested in agricultural commodities like cocoa and coffee, key exports of the region. Brokers providing XAF (Central African CFA Franc)-denominated accounts are common, making trading accessible to locals.

Nigeria boasts a vibrant forex and stock trading market, with the NGN (Nigerian Naira) as a focal currency. Traders often explore opportunities in crude oil derivatives, reflecting Nigeria's status as a major oil producer.

Kenya is known for its growing interest in forex and equities. Brokers offering KES (Kenyan Shilling) accounts and exposure to agricultural commodities like tea and coffee play a significant role in this market.

In Ghana, trading platforms provide access to GHS (Ghanaian Cedi) accounts and focus on gold and cocoa trading, reflecting the country's rich resources. Reliable platforms prioritize education for new traders.

Trading in Guinea emphasizes mining stocks and commodities tied to the country's bauxite reserves. Brokers catering to the local market often facilitate XOF (West African CFA Franc)-based trading.

Tanzania traders benefit from platforms that accommodate TZS (Tanzanian Shilling) accounts. Local brokers often offer access to agricultural and mining commodities, which are critical to the economy.

Congo traders typically engage in markets linked to minerals like cobalt and copper. Reliable platforms provide insights into these commodities while supporting CDF (Congolese Franc) accounts.

Libya traders explore opportunities in crude oil and other natural resources. Brokers supporting LYD (Libyan Dinar) accounts help connect traders to both local and international markets.

In Sudan, brokers often focus on forex and commodities like gum arabic. Local trading platforms may also provide access to SDG (Sudanese Pound)-based accounts.

Ugandan traders benefit from platforms offering UGX (Ugandan Shilling) accounts and opportunities in coffee and other agricultural commodities. Reliable brokers prioritize ease of access and education.

Senegal offers trading in XOF-based accounts, with opportunities in fisheries and agricultural products. Brokers here often support international market access for diversification.

Zambia is known for its copper mining industry, and traders often focus on related commodities. Brokers providing ZMW (Zambian Kwacha) accounts ensure accessibility for local traders.

In Zimbabwe, trading platforms cater to traders using ZWL (Zimbabwean Dollar) accounts. Local brokers emphasize forex and commodities like gold, which is significant to the economy.

Botswana offers trading in BWP (Botswana Pula) accounts and emphasizes opportunities in diamonds, a key export. Brokers often provide platforms for forex and commodities trading.

Traders in Ethiopia often focus on coffee and agricultural commodities. Brokers providing ETB (Ethiopian Birr) accounts aim to make trading accessible to locals.

Rwanda traders engage with platforms offering RWF (Rwandan Franc) accounts and opportunities in coffee and tea exports. Brokers emphasize forex trading as well.

In Angola, oil dominates trading interest, with brokers offering AOA (Angolan Kwanza) accounts to support local traders.

Tunisia traders benefit from platforms supporting TND (Tunisian Dinar) accounts and providing exposure to agricultural commodities and international markets.

African Brokers Verdict

Choosing the right broker as an African trader comes with its own set of unique challenges and opportunities. While the trading landscape across the continent is full of potential, making the right choice depends on how well the broker aligns with the specific needs and conditions of the region you’re trading from. For me, finding the right broker has been a mix of understanding these regional dynamics and matching them with my trading goals.

One major consideration is local regulations. In countries like South Africa, the Financial Sector Conduct Authority (FSCA) provides strong regulatory oversight, which helps protect traders. However, in many other African nations, regulation is either non-existent or still developing. This can make it harder to find trustworthy brokers. For example, if I’m trading from a country with limited local oversight, I often look for brokers regulated by international bodies like the FCA or CySEC to ensure my funds and trades are safe.

Another African-specific issue is payment methods. Some brokers accept local payment solutions like M-Pesa, making it easier for traders in East Africa to deposit and withdraw funds. On the other hand, limited access to global payment options like PayPal or credit cards in certain regions can be a challenge. I always look for brokers that support local payment systems, as this ensures I can manage my funds conveniently without unnecessary delays or high transaction fees.

Mobile trading is another crucial factor. Across Africa, mobile internet is far more accessible than desktop computers for most people. As a trader, I need a broker that offers a mobile-friendly trading platform or app. Brokers that invest in lightweight, user-friendly apps cater well to traders in regions with slower internet speeds or limited access to high-end devices. For instance, a mobile-compatible platform is essential if I’m trading on the go or in areas with inconsistent power supply.

Access to customer support that understands regional contexts is also vital. Time zone differences and language barriers can be frustrating when you need quick assistance. I always prioritize brokers with 24/7 multilingual support, particularly those who can cater to widely spoken African languages like Swahili or French, depending on my location.

Lastly, the lack of financial literacy resources tailored to African traders can be an issue. Many brokers offer generic educational tools, but I value those that provide examples and scenarios relevant to Africa’s market conditions. For instance, understanding how global commodity prices impact local currencies is particularly helpful when trading forex in resource-rich countries like Nigeria or Angola.

The right African broker isn’t just about ticking off general criteria—it’s about finding one that fits your region’s specific needs. By taking into account factors like local regulations, payment methods, mobile trading options, and customer support, you can make a choice that enhances your trading experience. With the right broker, trading from Africa can be both secure and rewarding.

We have conducted extensive research and analysis on over multiple data points on African Brokers to present you with a comprehensive guide that can help you find the most suitable African Brokers. Below we shortlist what we think are the best african brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching African Brokers.

Reputable African Brokers Checklist

Selecting a reliable and reputable online African trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade African more confidently.

Selecting the right online African trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of African Brokers in Our Brokerage Comparison Table

When choosing a broker for african trading, it's essential to compare the different options available to you. Our african brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a african broker that best suits your needs and preferences for african. Our african broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 African Brokers of 2025 compared

Here are the top African Brokers.

Compare african brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a african broker, it's crucial to compare several factors to choose the right one for your african needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are african brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more african brokers that accept african clients.

Broker IC Markets Roboforex XTB XM Pepperstone AvaTrade FP Markets EasyMarkets SpreadEx FXPro Admiral
Rating
Regulation Seychelles Financial Services Authority (FSA) (SD018) RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073)
Min Deposit 200 10 No minimum deposit 5 No minimum deposit 100 100 25 No minimum deposit 100 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 200,000+ 730,000+ 1,000,000+ 10,000,000+ 400,000+ 400,000+ 200,000+ 250,000+ 60,000+ 7,800,000+ 30,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
Platforms MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader
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
  • 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
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Risk Warning Losses can exceed deposits Losses can exceed deposits 69% - 80% 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. 74.12% 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. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Your capital is at risk 65% of retail CFD accounts lose money 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider Losses can exceed deposits
Demo IC Markets
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Roboforex
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XTB
Demo
XM
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Pepperstone
Demo
AvaTrade
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FP Markets
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easyMarkets
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SpreadEx
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FxPro
Demo
Admiral Markets
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All African brokers in more detail

You can compare African Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top African Brokers for 2025 article further below. You can see it now by clicking here

We have listed top African brokers below.

African Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 200000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Seychelles Financial Services Authority (FSA) (SD018)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 730000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 69% - 80% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd
Pepperstone
(4/5)
Min deposit : 0
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 400000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 200000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs, Bonds.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130)
EasyMarkets
(4/5)
Min deposit : 25
easyMarkets was established in 2001 and is used by over 250000+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018)
SpreadEx
(4/5)
Min deposit : 0
SpreadEx was established in 1999 and is used by over 60000+ traders. 65% of retail CFD accounts lose money SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 7800000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120)
Admiral
(3/5)
Min deposit : 1
Admiral Markets was established in 2001 and is used by over 30000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073)

Learn more Learn more about IC Markets.
Losses can exceed deposits
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Losses can exceed deposits