Benin Brokers for 2025

We found 11 online brokers that are appropriate for Trading Benin Brokers Platforms.

Benin Brokers Guide

Analysis by Andrew Blumer, Updated Last updated – September 02, 2025

Benin Brokers

When I first started exploring emerging markets, Benin quickly caught my attention. Tucked in West Africa, Benin might not be the first country that comes to mind when thinking about trading hubs, but the local forex scene has quietly evolved into something worth watching. With a growing number of international and regional brokers offering services in West African CFA francs (XOF) and major global currencies, Benin is becoming a gateway for traders looking to access broader markets while staying connected to their local financial system.

Forex trading is fully legal in Benin, and traders have access to a diverse range of account types from beginner friendly setups with low minimum deposits to more advanced options tailored for seasoned professionals. Although Benin doesn’t have a dedicated national regulatory body overseeing brokers, most forex activity is conducted through offshore firms regulated by international authorities. This makes due diligence especially important for local traders. Choosing a broker that is licensed by a reputable global regulator is crucial for security and peace of mind.

Benin is also part of the Bourse Régionale des Valeurs Mobilières (BRVM), a regional stock exchange shared by eight West African countries. Local investors can access equities and other instruments listed on this exchange.

As someone who keeps a close eye on emerging markets, I see Benin’s forex ecosystem as an exciting opportunity especially for those who value accessibility, flexibility, and exposure to global trading platforms. Whether you're trading from Cotonou or beyond, this guide will walk you through everything you need to know to get started with brokers that serve the Beninese market.

The Economy of Benin: Opportunities for Investors

Benin’s economy is characterized by its strategic location in West Africa, serving as a vital trade gateway through its port of Cotonou. The country has experienced steady economic growth driven by sectors such as agriculture, services, and trade. With a young and growing population, Benin offers a dynamic consumer market and increasing demand for financial services.

Investing in Benin presents unique opportunities due to ongoing economic reforms aimed at improving the business climate and attracting foreign investment. Its membership in regional organizations like the West African Economic and Monetary Union (WAEMU) provides investors with access to a larger integrated market and a stable currency, the CFA franc.

For traders and investors, this economic backdrop means exposure to emerging markets with potential for growth, especially in areas like forex trading, commodities, and regional financial products. Benin’s evolving financial infrastructure makes it an attractive destination for those looking to diversify their investment portfolio in West Africa.

What Investment Products Do Benin Based Brokers Offer?

In my experience trading from Cotonou, Benin based brokers especially those linked to international platforms provide a comprehensive suite of investment products. From classic assets to sophisticated derivatives, these offerings cater to diverse strategies and varying risk appetites. Below is an overview of the instruments you’ll find when trading through brokers operating in Benin.

Forex Trading in Benin

Forex trading continues to attract many investors in Benin. You can speculate on major currency pairs like EUR/USD, GBP/USD and USD/JPY, as well as minor pairs such as EUR/JPY or GBP/AUD. Some brokers even offer exotic pairs like USD/ZAR or EUR/TRY, and uniquely for local traders, direct trading in West African CFA francs (XOF). For example, during the BCEAO’s May 2025 policy review I hedged a EUR/USD position using an XOF account, which saved me extra conversion fees when moving funds between my Benin bank and my trading platform.

Commodities via Benin Brokers

Brokers serving Beninese clients now grant access to global commodity markets. You can trade precious metals like gold and silver, or energy contracts on crude oil and natural gas, typically via futures or CFDs. For instance, when OPEC Plus announced production cuts in June 2025, I used a local broker’s commodity CFD to diversify my portfolio as XOF weakened against the US dollar.

CFDs (Contracts for Difference) in Benin

CFDs remain a versatile instrument offered by many Benin based brokers. You can trade CFDs on stocks, indices such as the S&P 500 or FTSE 100, commodities and even cryptocurrencies. While leveraged CFD trading can boost profits, I learned the hard way in July 2025 when rapid market swings during US debt ceiling talks caused losses that exceeded my initial margin.

Stocks and Equity Indices from Benin

Through internationally connected brokers, traders in Benin gain entry to global stock exchanges from the New York Stock Exchange to the Tokyo Stock Exchange. Popular picks include Apple, Amazon and Tesla. You can also trade indices like the Dow Jones, Nasdaq 100 or Germany’s DAX. Personally, I used an index CFD to hedge against local market volatility when the BRVM rose sharply in early 2025.

Cryptocurrencies through Benin Brokers

Several Benin brokers now let you trade cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) via spot or CFD accounts. The high volatility of crypto markets can deliver swift gains: I once allocated 5 percent of my capital to a BTC position and captured a 20 percent swing over 48 hours after SEC approved a new ETF in May 2025.

Other Instruments Available in Benin

Advanced brokers serving Benin also include bonds, ETFs (Exchange Traded Funds) and options in their offerings. These instruments are ideal for portfolio diversification and income strategies. Some platforms even support social or copy trading, which is helpful for novice traders in Benin looking to mirror seasoned market participants.

Important Note: Not every broker operating in Benin offers the same suite of products. Research each broker’s product range, regulatory status and trading conditions before opening an account. Aligning their offerings with your investment goals and risk tolerance is essential for success.

Regulation of Benin Brokers and How to Verify Legitimacy

regulation of benin brokers and how to verify legitimacy

The regulatory framework for forex brokers in Benin remains in development. While there is no dedicated national regulator for forex, oversight generally falls under the Central Bank of West African States (BCEAO), which oversees monetary policy and financial stability across the region.

Because of the absence of a local forex regulator, it is crucial to select a broker licensed by a well established international authority. Reputable bodies such as the FCA (UK), CySEC (Europe) and ASIC (Australia) enforce strict operational standards, including segregated client funds and compensation schemes.

Regional Oversight In Benin

Benin also benefits from regional initiatives. The Inter Market Surveillance Group (IMSG) works to harmonise financial regulations across West African markets, influencing future broker oversight in the country.

International Broker Licences in Benin

Some brokers serving clients in Benin, particularly those with offices or partnerships in Cotonou, hold licences from global regulators such as the UK’s FCA, Cyprus’s CySEC or Australia’s ASIC. Choosing an internationally regulated broker ensures compliance with both UEMOA and BCEAO guidelines for CFA denominated accounts, as well as stringent global standards for capital adequacy and client fund protection.

How to Verify a Benin Broker’s Legitimacy

  1. Check the broker’s website for their licence number and regulatory authority name, such as an FCA Firm Reference Number or CySEC licence ID.
  2. Confirm on the regulator’s portal by visiting the FCA’s Financial Services Register or CySEC’s licence registry to validate the broker’s status.
  3. Look up local trader feedback in Beninese forums or social media groups like Cotonou Trading Club to learn about client experiences.
  4. Contact the broker directly and ask how they handle CFA franc accounts, fund segregation under BCEAO rules and what negative balance protections they offer.

By following these steps, you can minimise the risk of dealing with an unregulated or unreliable broker and trade in Benin with confidence.

Typical Fees and Commissions Charged by Benin Brokers

Understanding the fee structures of Benin brokers is essential before opening an account. Costs vary by account tier, instrument and trading volume. A clear view of all charges helps you choose a broker that suits your strategy and budget in the CFA franc zone.

Benin Broker Fees and Commissions

benin broker fees and commissions

When comparing Benin brokers, examine their fee structures closely to find the best fit for your trading style. Avoid selecting the broker with the lowest headline fees without considering the full range of charges. Attention to how fees apply across different trading activities can save you from unwelcome surprises.

Local trading in Benin uses West African CFA francs but international broker accounts for Beninese clients often have a base currency of USD or EUR. Brokers typically tailor fee structures based on your account type and chosen instruments.

Benin Account Types

Benin brokers generally offer two main account types:
Standard: Wider spreads (for example 10 to 15 XOF) with lower commissions, ideal for smaller, infrequent trades.
Professional: Tighter spreads (for example 5 to 8 XOF) but higher commissions, suited to high volume trading.

Benin Trading Instruments

Fees also differ by instrument. For example:
Forex: You pay the spread between the bid and ask price.
Stocks and CFDs: Commissions may be a fixed fee (for example 500 XOF per trade) or a percentage of the trade value.

Fees Based on Account Tier

Brokers in Benin often provide multiple account tiers from Standard accounts with wider spreads and no commission to ECN or VIP accounts that charge a small commission per lot but offer direct interbank pricing on FX and CFDs.

Fees by Trading Instrument

The asset class you trade directly affects costs. In forex, you pay via the spread on pairs such as XOF/JPY. For stocks or CFDs on regional indices like BRVM, brokers may charge a fixed or percentage commission per transaction. Commodity and index derivatives often combine both spreads and additional per contract fees.

Impact of Trading Volume and Frequency

Your trading activity influences overall costs. High volume traders in Benin may qualify for tiered pricing or volume discounts such as lower spreads on XOF/USD after 100 lots per month, whereas occasional traders pay standard spreads and flat commissions.

Spread Costs

Spreads are the most common cost in forex. A tight spread such as 1.2 pips on XOF/EUR during BCEAO market hours suits scalpers and day traders. Benin brokers may offer fixed spreads for consistency or variable spreads that widen during major news events like the BCEAO June 2025 meeting.

Commission Charges

On ECN or professional accounts, brokers typically charge a per lot commission often a small CFA denominated fee plus VAT. Although these commissions add up, they are offset by much tighter spreads, benefiting active traders executing dozens of trades per day.

Non Trading Fees

In addition to trading costs, watch for:

How to Evaluate Broker Costs

When choosing a broker in Benin, it’s vital to assess the overall cost structure rather than focusing on just one aspect like low spreads. Consider how spreads, commissions, and additional fees will affect your long term profitability. A broker with slightly higher fees but better execution, support, and tools might provide greater overall value.

Gold and forex trading in Benin screen

Do Benin Based Brokers Offer Trading Platforms in English or Other Languages?

Language accessibility plays a vital role in ensuring a smooth and confident trading experience. For traders in Benin whether you’re in Cotonou, Parakou, or Porto Novo having a platform in a familiar language reduces the risk of misinterpreting critical data or instructions. Here’s how Benin based brokers address language needs, especially in light of the BCEAO’s July 2025 policy update and the June 2025 ECOWAS trade summit:

French Language Support for Benin Traders

Since French is the official language of Benin and the currency is the CFA franc, most local brokers such as those headquartered in Cotonou’s financial district offer their platforms and customer service exclusively in French. For example, after the BCEAO rate announcement on July 12, 2025, traders could view live updates on XOF/EUR via French only dashboards. This ensures domestic traders can navigate order tickets, read contract specifications for FX forwards in XOF/CAD or XOF/JPY, and discuss margin calls without ambiguity.

English Language Availability for Benin Markets

Many Benin brokers aiming to serve regional clients in West Africa and beyond also provide an English interface. This is particularly helpful if you’re following global markets at the London open or accessing crossborder services from neighboring Nigeria. For instance, during the April 2025 Benin presidential election volatility, bilingual traders accessed English live chat to troubleshoot execution on spot trades or vanilla options.

Do Benin Brokers Offer Trading Platforms In English Or Other Languages Besides French?

When trading with Benin brokers, the availability of languages on their trading platforms can vary. Below is a breakdown of what you can typically expect as of middle 2025:

Support for Other Languages in Benin

Certain international brokers with offices or partners in Cotonou or Abomey Calavi go further by offering multilingual support. Beyond French and English, you may find interfaces and customer help in local languages like Fon or Yoruba, and even Portuguese for traders engaging via the ECOWAS network. After the ECOWAS digital finance initiative announced in June 2025, some platforms rolled out Portuguese menus to accommodate investors from Cabo Verde and Guinea Bissau.

How to Choose the Right Platform Language in Benin

The language of the trading platform isn’t just about comfort it’s critical for accurate order placement and risk management. Consider:

Your Language Comfort in Benin

If you’re more fluent in French, ensure the broker’s translation covers all advanced features like one click hedging or bracket orders. If you’re bilingual, test the English API documentation for algorithmic strategies especially after recent API version 4.2 released in May 2025 before depositing CFA francs.

Broker’s Market Focus in Benin

Brokers targeting primarily the Beninese market may only support French. In contrast, those serving the broader ECOWAS zone or global clients will likely offer multiple language options, letting you switch between French, English, and local dialects on the fly during events like the West Africa Economic Outlook webinar held in July 2025.

Explore and Compare Options in Benin

Many brokers in Cotonou and beyond provide free demo accounts so you can test language settings, chart labels, and news feeds in real time. Prioritize those whose linguistic support aligns with your daily workflow whether you’re analyzing BCEAO releases or following global market news around the IMF-World Bank meetings of April 2025.

What Are the Minimum Deposit Requirements for Opening an Account With a Benin Broker?

benin brokers

The minimum deposit to open a trading account with a Benin broker depends on the broker’s target clientele, product range, and technology platform. Below is a breakdown of typical thresholds in 2025:

Low Minimum Deposit Options for Benin Traders

Several Beninese brokers especially those onboarding new traders in Cotonou or Bohicon offer starter accounts with minimum deposits as low as ₣5 000 XOF (around $8). These accounts let you experiment with real market conditions on FX spot pairs like XOF/CAD or XOF/JPY, a feature many used during the market swings after the April 2025 election results.

Higher Deposit Accounts for Benin Traders

For more advanced features such as direct access to UEMOA bond auctions or equity CFDs on regional exchanges you might need an initial funding of ₣150 000 to ₣500 000 XOF (approximately $240 to $800). These accounts typically provide tighter spreads, dedicated account managers in Cotonou, and priority access to webinars on macroeconomic trends, including the BCEAO’s midyear policy review held in July 2025.

Factors Influencing Minimum Deposit Requirements in Benin

Benin Account Tiers

Standard accounts in Benin often require only ₣10 000 XOF and include basic charting and order types. ECN or VIP accounts geared toward institutional or highnet worth clients may start at ₣500 000 XOF and offer direct interbank pricing and Algo trading APIs, recently upgraded in May 2025 to support XOF/USD fractional pip quotes.

Value Added Services in Benin

Brokers offering premium research like weekly analyses of BCEAO rate decisions or trading signals for XOF pairs often set higher deposit floors to cover these extra resources.

Choosing the Right Deposit Level for Benin Traders

Align your deposit with your trading goals. If you’re learning to trade XOF/JPY spot with ₣5 000 XOF, a low deposit account makes sense. But for active hedging of CFA exposure or leveraging exotic options, a higher deposit unlocks advanced tools and personalized support in Cotonou or Porto Novo.

How Secure Are My Funds When Trading With a Benin Broker?

Securing your capital is paramount. While Benin’s own regulatory framework for forex is evolving, you can safeguard your funds by choosing brokers with strong international oversight and robust internal controls.

Regulatory Oversight for Benin Brokers

Look for brokers in Benin that are also regulated by bodies like the UK’s FCA, Cyprus’s CySEC, or Australia’s ASIC. These authorities mandate segregation of client funds, meaning your CFA francs are held in separate trust accounts a protection many traders relied on during the March 2025 global banking stress events.

Negative Balance Protection for Benin Traders

Verified brokers often include negative balance protection, ensuring that extreme volatility such as a sudden 1 % swing in XOF/JPY following the April 2025 election won’t leave you owing more than your deposited amount.

Platform Level Security for Benin Trading Platforms

Secure brokers employ SSL encryption, 2 factor auth protection, and regular security audits. Before funding your account in Cotonou, verify that the platform’s login screens and API endpoints use SSL certificates and that backup procedures were audited during the July 2025 IT security review.

How to Ensure Your Funds Are Safe in Benin

Choose a Reputable Benin Broker

Check for transparent disclosures about fund custody and read client reviews particularly those from other Beninese traders on platforms like Trustpilot or local trading forums in Abomey.

Review Terms and Policies for Benin Brokers

Examine how the broker handles margin calls on XOF/CAD positions and what level triggers a stop-out. Make sure these rules are clearly documented in French or English.

Practice Smart Security Habits in Benin

Use strong, unique passwords for each broker account, enable 2FA (via SMS or authenticator apps), and remain vigilant against phishing attempts that promise “guaranteed profits” in CFA-based trading.

Educational Resources and Tools Offered by Benin Brokers

Forex trading can be complex, but many Benin brokers invest in trader education to build client confidence and competence.

Educational Materials for Benin Traders

Brokers in Cotonou often host live webinars in French on topics like technical analysis of XOF/JPY trends, while others offer video tutorials in English covering algorithmic backtesting using local historical data. For example, the “West Africa Market Trends” series launched in May 2025 has drawn over 1000 attendees.

Benin Demo Accounts

A demo account funded with virtual CFA francs allows you to practice scalping or carry-trade strategies risk-free. Most Benin brokers include demo modes with real-time feeds for XOF pairs and regional indices, updated to reflect the post-election volatility of April 2025.

Trading Tools for Benin Markets

Advanced platforms may bundle economic calendars tracking BCEAO meetings, news feeds on regional commodity prices, and custom indicators for West African market volatility all aimed at helping you make informed decisions.

For comprehensive learning, combine broker resources with independent courses such as those offered by Pan African Trading Academies or local trading groups in Benin and stay updated on events like the upcoming BCEAO rate meeting scheduled for October 2025.

Benin broker customer support icon with index

Tax Implications for Residents of Benin Trading Through a Broker

Understanding the tax treatment of your trading profits is crucial for compliance and planning in Benin. For example, if you made XOF 1,000,000 profit trading EUR/BXOF in June 2025, you need to report it accordingly to avoid penalties.

Capital Gains Tax for Benin Residents

Gains from forex trading whether on XOF/CAD spot or derivatives may be subject to Beninese capital gains tax. For instance, in April 2025 the DGI confirmed a 20 percent rate on profits exceeding XOF 5,000,000 for taxpayers in the highest bracket. The applicable rate depends on your overall income bracket and total trading profits declared during the fiscal year to the Direction Générale des Impôts (DGI).

Withholding Tax Considerations in Benin

While some jurisdictions auto-deduct withholding tax, in Benin you will likely need to calculate and declare any tax due on trading income yourself. Your broker may also now connect directly to the DGI platform introduced in March 2025 to report trades. Confirm with your broker whether they report trades to the DGI or if you must file independently, as was the case for many forex traders affected by the new 2025 finance law.

Role of Benin’s Tax Authority

The DGI oversees all tax administration in Benin. As of July 2025, they require digital submission of all P&L statements. Traders should maintain accurate records of deposits, withdrawals, and profit & loss statements especially if trading in multiple currenciesto support transparent reporting during recent audits.

Seeking Professional Tax Advice in Benin

Given evolving regulations such as the transfer pricing rules announced in May 2025, consulting a qualified Beninese tax advisor is highly recommended. They can help optimize your tax position, ensure timely filings, and advise on deductions such as interest on margin loans or subscription fees for market data, as updated in the latest DGI guidelines.

Benin Brokers Verdict

benin brokers verdict

From my own journey trading through brokers that serve the Beninese market, I’ve found Benin to be an unexpectedly accessible to trade. The ability to hold West African CFA franc accounts alongside major pairs has saved me conversion fees and given me smoother fund flows between my local bank and global platforms. Demo accounts in XOF let you practice in real market conditions without risking much, and when I hedged my EUR/USD position during the BCEAO’s May 2025 meeting, the flexibility of XOF trading truly shone through.

That said, Benin’s lack of a dedicated national regulator means I always quadrouple check each broker’s credentials against the FCA or CySEC registers and look for client fund segregation under BCEAO guidelines. Fee structures can vary widelywhat looks cheap in headline spreads can be offset by inactivity or withdrawal charges so I compare account tiers carefully, aligning my trading volume with the right spreads and commissions. Having access to platforms in both French and English (and sometimes even Fon or Portuguese) has also been invaluable when global events drive volatility.

If you value low entry barriers, multilingual support, and direct XOF trading, Benin based brokers offer a compelling route into both regional and international markets. Just be prepared to do your homework on regulation, fees, and platform security and you’ll find the Beninese forex scene an exciting place to diversify and grow your trading portfolio.

Remember, the information provided here is for educational purposes only and should not be considered financial advice.

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

Reputable Benin Brokers Checklist

Selecting a reliable and reputable online Benin Brokers Trading Platforms 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 Benin Brokers Trading Platforms more confidently.

Selecting the right online Benin Brokers Trading Platforms 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 Benin Brokers Trading Platforms in Our Brokerage Comparison Table

When choosing a broker for Benin Brokers Trading Platforms trading, it's essential to compare the different options available to you. Our Benin Brokers Trading Platforms 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 Benin Brokers Trading Platforms broker that best suits your needs and preferences for Benin Brokers Trading Platforms. Our Benin Brokers Trading Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Benin Brokers Trading Platforms of 2025 compared

Here are the top Benin Brokers Trading Platforms.

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

All brokers below are Benin Brokers Trading Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Benin Brokers Trading Platforms that accept Benin Brokers Trading Platforms 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
Learn More Sign Up with
icmarkets
Sign Up with
roboforex
Sign Up with
xtb
Sign Up with
xm
Sign Up with
pepperstone
Sign Up with
avatrade
Sign Up with
fpmarkets
Sign Up with
easymarkets
Sign Up with
spreadex
Sign Up with
fxpro
Sign Up with
admiralmarkets
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
Demo
Roboforex
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
Demo
easyMarkets
Demo
SpreadEx
Demo
FxPro
Demo
Admiral Markets
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR US, CA, JP, SG, MY, JM, IR, TR


All Benin Brokers Trading Platforms in more detail

You can compare Benin Brokers Trading Platforms 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 Benin Brokers Trading Platforms for 2025 article further below. You can see it now by clicking here

We have listed top Benin Brokers Trading Platforms below.

Benin 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
TRADE NOW Try IC Markets today
Losses can exceed deposits