We found 11 online brokers that are appropriate for Trading Egyptian Forex Investment Platforms.
Africa has a growing economy and Egypt is one of the main contributors to it. Data reveals there are over one million Forex traders on the continent.
Centuries ago gold and silver coins were used in trading and these were the currencies of Egypt back then. The country introduced the Egyptian pound (EGP) in 1836. In 1898 the National Bank of Egypt was established and banknotes of 50 piastres, £1, £5, £10, £50 and £100 were circulated. The notes presented Islamic architecture and Arabic texts.
Africa has become new breaking ground for international brokers with the opening of Forex markets in Egypt. It is making waves and Egyptians are seeking financial freedom as the country is still under local restrictions such as maximum balance in trading accounts and maximum trade accounts.
In 2009 the Financial Regulatory Authority was founded to regulate and supervise the non-banking financial markets in the continent.
Below are some of the factors to consider before trading Forex in Egypt:
Forex is online trading. Traders require a desktop computer, laptop, smartphone or tablet device along with a fast and stable internet connection to trade. The value of currency pairs fluctuates and this is the reason you need to have a personalised device to track the changes in real-time.
Several Forex brokers are offering their services in Egypt and other countries in Africa. A broker can be chosen through a Google search, but it is important to deal only with a regulated broker and one who trades the pairs with EGP.
All the regulated Forex brokers display their regulatory information on their websites. Traders can check the same on the website of the respective regulatory authorities like the Financial Industry Regulatory Authority and the Securities Exchange Commission. It is advised not to trust brokers who are not regulated.
Once a regulated broker has been chosen, it is time to open a trading account. It is easy and takes just a couple of minutes. However, the verification process may take some time, likely a couple of days.
The next step is to fund the account by transferring money through a bank transfer, debit/credit card or e-wallet. The bank transfer is slow and takes a couple of days to process.
It is important to trade through a reliable trading platform. Most of the brokers offer MetaTrader 4 or MetaTrader 5. These are some of the best platforms in the industry. The platforms can be better understood if a demo account is opened before opening a live account. A demo account provides real exposure to the market through the trading platform without using real funds.
There are various trading strategies. Below are significant we discuss some significant methods:
The process of making several trades throughout the day for smaller profit margins is called scalping. The trades can last for minutes or a couple of hours. Traders count on the cumulative profits earned at the end of the day.
Scalping requires active monitoring of the positions as well as the market on a day-to-day basis. It may not be possible along with a full-time day job or another profession.
Opening and closing of positions frequently throughout the day is called day trading. A day trader avoids keeping the position open after the day trading hour ends to avoid overnight price fluctuations.
Swing traders identify the peaks and dips on weekly basis instead of a single day. They determine the price movement by studying the historical data of previous weeks. These are also called mid-term trades.
It is holding the currencies for a longer period, from several months to a couple of years. Long-term research work is required to evaluate the potential profit in the long term.
Setting up a suitable entry as well as exit position within a price range is called range trading. It is important to track the performance of trending pairs.
Egypt is a flourishing market in Africa and it is believed the country may remove much of their restrictions in Forex trading soon.
In this article titled Forex Egypt, we discussed, in brief, the opportunities of currency trading in the country and the significant aspects to be aware of before initiating the first trade. While wrapping up, it is important to note that Forex is a volatile and risky market. Beginners should take care to become more informed before investing money in the market.
We have conducted extensive research and analysis on over multiple data points on Forex Egypt to present you with a comprehensive guide that can help you find the most suitable Forex Egypt. Below we shortlist what we think are the best Egyptian Forex Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Egypt.
Selecting a reliable and reputable online Egyptian Forex Investment 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 Egyptian Forex Investment Platforms more confidently.
Selecting the right online Egyptian Forex Investment 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.
When choosing a broker for Egyptian Forex Investment Platforms trading, it's essential to compare the different options available to you. Our Egyptian Forex Investment 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 Egyptian Forex Investment Platforms broker that best suits your needs and preferences for Egyptian Forex Investment Platforms. Our Egyptian Forex Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Egyptian Forex Investment Platforms.
Compare Egyptian Forex Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Egyptian Forex Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Egyptian Forex Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Egyptian Forex Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Egyptian Forex Investment Platforms that accept Egyptian Forex Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. 72.89% 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 | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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 | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | 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 |
You can compare Egyptian 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 Egyptian Forex Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Egyptian Forex Investment Platforms below.
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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