Forex Broker Africa Guide
Updated June 12, 2021
Forex Broker Africa
The Foreign Exchange market (Forex or FX) is now one of the world's most common markets and has rapidly risen in popularity in Africa.
A Summary of Forex Trading in Africa
Forex trading is a highly competitive industry that is no different in Africa. In the last two decades, the industry has undergone fast growth as more Africans are made aware of the Forex.
Furthermore, the Forex market has grown from being almost unheard of, to being one of the trends over the last decade. A reason explaining this growth in popularity can be attributed to the introduction of handheld devices and other innovations.
African Forex dealers come up to about 1.3 million. A significant percentage of African Forex dealers are based in South Africa and Nigeria. Additionally, Kenya, Egypt, Angola, Namibia, and Tanzania are among the countries in which the Forex trade is gaining ground.
It is further predicted that government financial authorities will be involved in tracking trading in individual countries as a result of this large volume of Forex traders.
African Countries Best for Forex
Forex can be traded in several other African countries in Nigeria, Egypt, Egypt, Ivory Coast, Kenya, and Ivory Coast.
Although Forex trade in these countries cannot be considered to be legalized, it does not breach the law. It is mostly obligatory to receive a trading license before a Forex broker can provide a trading service for the people of a region.
African Countries Prohibiting Forex
There are actually no countries in Africa, as opposed to other countries like North Korea and Israel, which have a full Forex moratorium. As previously mentioned, there are minor governmental controls in certain nations. However, these prohibitions do not bad Forex trading but are necessary to avoid illegal practices and scams.
Some of these limits can be on your Forex portfolio, such as setting the highest selling limit and the maximum amount you can have. The same happens in countries like China and Russia with Forex limits. In addition, Forex dealing is banned in some African countries with non-licensed Forex brokers. Even so, you should sell Forex just for yourself and for nobody else (identification is mandatory for most Forex brokers).
In countries ruled by rigid Sharia rules, Forex trading is typically not welcome. These countries include: Algeria, Benin, Burkina Faso, Egypt, etc.
Regulation of Forex trading in Certain African Countries:
Trading Forex is common among residents in South Africa. Forex brokers are not required to be recognized as South African citizens by the Financial Sector Administration (FSCA), which is a South African financial regulator.
The Financial Services Board
The Financial Services Board was formed in 2018 as the succeeding (FSB). Since 1990, South Africa has already been governed by the FSB. A guide to the website of the Financial Services Board on Wikipedia offers a historic breakdown.
How to pick Africa's Best Forex Broker
In order to determine the right Forex broker to invest in Africa, we need to be careful because of the uncertainties inherent in Forex trading.
First of all, the broker license should be reviewed. If Forex trading is restricted in your region, please check if your regulatory authority approves the Forex brokers. For a country like Nigeria that has not narrowed its business, take international brokers accredited by global licensing authorities into consideration.
The next thing is to search these brokers' trading sites. Before making a decision, please review your deposit benefits, scores, minimum deposit, and payment options. A Forex tutorial account should be included where you can try your hands before you go online. If you haven't completely figured out how your platform operates, don't spend real capital.
South Africa's Best Forex Brokers
We also created a list of all brokers that welcome South Africans as new clients, to find the best Forex brokers in South Africa. Then, we classified brokers with their Trust Ranking.
This is a list of South Africa's best Forex brokers.
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eToro
- The best for social copy trading
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IC Markets
- Competitive spreads and Forex Costs
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XTB
- Best customer service, a perfect forum for trading
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City Index
- Outstanding variety of facilities.
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Forex.com
- Fantastic deal all-round
Understand that all trading holds risk and 60% - 90% of retail investor accounts lose money when trading CFDs.
How to Safely Conduct Forex Trading
Any Forex broker in Africa should be authorized. Forex scams are rampant in African countries and have resulted in serious harm to victims. This risk is minimized with a well-licensed dealer, which will allow you to deal more comfortably.
In addition, if you don't completely grasp the Forex market, you must be vigilant before making a large investment. Likewise, your emotions and your money should not be wasted on Forex markets.
Future of Forex Trading in Africa
In the coming years, there will definitely be a growth in the interest in Forex. This is especially the case since Forex trade is being announced on magazines, TVs, radio stations, websites, etc.
Forex workshops and awareness-raising programs are also available. More Forex brokers abroad are now involved in providing services to African countries. Better regulatory measures in countries that lack them will also then be imposed so that the future merchants can exchange safely.
If you are based in Africa and are looking to conduct Forex trading, make sure that you follow all the advice given in this article closely to make the most of your experience!
We've collected thousands of datapoints and written a guide to help you find the best Forex Broker Africa for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best African Forex Investment platforms below.
Reputable Forex Broker Africa Checklist
There are a number of important factors to consider when picking an online African Forex Investment Platforms trading brokerage.
- Check your African Forex Investment Platforms broker has a history of at least 2 years.
- Check your African Forex Investment Platforms broker has a reasonable sized customer support of at least 15.
- Does the African Forex Investment Platforms broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your African Forex Investment Platforms broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your African Forex Investment Platforms broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your African Forex Investment Platforms can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering African Forex Investment Platforms.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below African Forex Investment Platforms.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 African Forex Investment Platforms of 2021 compared
Here are the top African Forex Investment Platforms.
Compare African Forex Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are African Forex Investment platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more African Forex Investment platforms that accept African Forex Investment platforms clients
| Broker |
eToro
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AvaTrade
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IC Markets
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XTB
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Roboforex
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Pepperstone
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XM
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FP Markets
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Plus500
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FXPrimus
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EasyMarkets
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| Rating | |||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Cyprus Securities and Exchange Commission (CySEC) | 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 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
| Min Deposit | 200 | 250 | 200 | No minimum deposit | 1 | 200 | 5 | 100 | 100 | 100 | 100 |
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| Used By | 20,000,000+ | 200,000+ | 180,000+ | 250,000+ | 10,000+ | 89,000+ | 3,500,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ |
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| Platforms | Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
Sign
Up with avatrade |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with roboforex |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with fpmarkets |
Sign
Up with plus500 |
Sign
Up with fxprimus |
Sign
Up with easymarkets |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk |
| Demo |
eToro Demo |
AvaTrade Demo |
IC Markets Demo |
XTB Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
FP Markets Demo |
Plus500 Demo |
FXPrimus Demo |
easyMarkets Demo |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | BE, BR, KP, NZ, TR, US, CA, SG | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE, AU | US, JP | BR, KR, IR, IQ, SY, JP, US | US, CA, IL, KR, IR, MM, CU, SD, SY | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US |
All African Forex Investment platforms in more detail
You can compare African Forex Investment 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 African Forex Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top African Forex Investment platforms below.
Forex Broker Africa Table of Contents
- Forex Broker Africa Explained
- 6 Factors to Consider when Choosing Forex Broker Africa
- Are Your Forex Broker Africa Trusted And Established?
- Are The Forex Broker Africa World Leading?
- What are the Forex Broker Africa Commissions and Fees?
- What are the Forex Broker Africa Funding and Withdrawl Methods?
- Find Forex Broker Africa with Round-the-clock support?
- Make sure the Forex Broker Africa Offer Comprehensive Trader resources?
- Why Forex Broker Africa needs to be regulated?
- Forex Broker Africa FAQ
- What are the best African Forex Investment platforms brokers?
- What is the best African Forex Investment platform broker?
- Related Forex Broker Africa Reviews
- Related Forex Broker Africa Alternatives
- Related Forex Broker Africa Comparisons
Forex Broker Africa Explained
Trading the financial markets with Forex Broker Africa when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Forex Broker Africa is the platform that a Forex Broker Africa offer.
Choose Forex Broker Africa that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Forex Broker Africa that you can rely on.
6 Factors to Consider when Choosing Forex Broker Africa
Follow these five rules for selecting a broker that's right for you:
Are Your Forex Broker Africa Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Forex Broker Africa broker is eToro. Established in 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
Another top rated broker is AvaTrade.
AvaTrade was established 2006, and in operation for 12 years AvaTrade have a head office in The British Virgin Islands.
AvaTrade is regulated. This means AvaTrade are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
| Broker |
eToro
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AvaTrade
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IC Markets
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XTB
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Roboforex
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Pepperstone
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| Year Established | 2007 | 2006 | 2007 | 2002 | 2009 | 2010 |
| Head Office | Cyprus, UK | The British Virgin Islands | Australia | Poland | Cyprus | Australia |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Cyprus Securities and Exchange Commission (CySEC) | 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 |
| Used By | 20,000,000+ | 200,000+ | 180,000+ | 250,000+ | 10,000+ | 89,000+ |
| Negative balance protection | Yes | No | Yes | Yes | No | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit AvaTrade | Visit IC Markets | Visit XTB | Visit Roboforex | Visit Pepperstone |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 |
Are The Forex Broker Africa World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the eToro platform enables access to a variety of financial markets worldwide. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Forex Broker Africa is AvaTrade . AvaTrade Segregates clients funds and offers over 1000 instruments.
| Broker |
eToro
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AvaTrade
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IC Markets
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XTB
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Roboforex
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Pepperstone
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| Instruments Available | 2000 | 1000 | 232 | 4000 | 100 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | BE, BR, KP, NZ, TR, US, CA, SG | US | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, JP | BR, KR, IR, IQ, SY, JP,US |
| Forex pairs offered | 50 | 80 | 65 | 57 | 35 | 70 |
| Forex pairs offered | 50 | 80 | 65 | 57 | 35 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes | No | Yes |
| Commodities Offered | 31 | 16 | 19 | 21 | 21 | 16 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | No | Yes |
| Agricultural | Yes | Yes | Yes | Yes | No | No |
| Stocks Offered | 2042 | 99 | 110 | 1696 | 0 | 60 |
| UK Shares | Yes | Yes | No | Yes | No | No |
| US Shares | Yes | Yes | Yes | Yes | No | No |
| German Shares | Yes | Yes | Yes | Yes | No | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | No | No |
What are the Forex Broker Africa Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Forex Broker Africa broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 200.
Another top rated Forex Broker Africa broker AvaTrade offers Forex, CFDs, Spread Betting, Social Trading. AvaTrade minimum deposit is 250. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
eToro
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AvaTrade
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IC Markets
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XTB
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Roboforex
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Pepperstone
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| Min Deposit | 200 | 250 | 200 | 0 | 1 | 200 |
| Withdrawl Fees | Yes | No | No | varies | Yes | No |
| Inactivity Fees | Yes | No | No | Yes | No | Yes |
| Deposit Fees | No | No | Varies | No | No | No |
| CFD Commission Fees | Yes | No | Yes | Yes | No | Yes |
What are the Forex Broker Africa Funding and Withdrawal Methods?
When dealing with Forex Broker Africa having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
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AvaTrade
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IC Markets
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XTB
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Roboforex
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Pepperstone
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | No | Yes |
| Skrill | Yes | No | Yes | Yes | No | Yes |
| Payoneer | No | Yes | No | Yes | Yes | Yes |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Forex Broker Africa with Round-the-clock support?
Customer service is very important when dealing with Forex Broker Africa.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Forex Broker Africa customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, Italian
AvaTrade support a wide range of languages including English, Italian, German, French, Greek, and Hebrew
eToro and AvaTrade offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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AvaTrade
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IC Markets
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XTB
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Roboforex
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Pepperstone
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| Support |
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| Languages | English, German, Spanish, French, Italian | English, Italian, German, French, Greek, and Hebrew | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |
| Learn More | Visit eToro | Visit AvaTrade | Visit IC Markets | Visit XTB | Visit Roboforex | Visit Pepperstone |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 |
Make sure the Forex Broker Africa Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and AvaTrade work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Forex Broker Africa needs to be regulated?
A regulated Forex Broker Africa broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Forex Broker Africa brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Forex Broker Africa List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account