A list of Forex Brokers for African Traders 2025

Published :
Updated :
Written by
Ryan Hardy sitting before his forex trading desk
Fact Checked by
Richard Walz headshoot
Edited by

Best Overall Broker
Pepperstone

Pepperstone

  • Founded In:  2010
  • Minimum Deposit: $0, Recommended: $200
  • Maximum Leverage: 1:400 for retail traders, 500:1 for professional traders. 
  • Regulations: FCA, ASIC, CySEC, SCB, CMA, BaFin
  • Trading Platforms: MT4, MT5, cTrader, TradingView, CopyTrading by Pepperstone
  • Trading Instruments: CFDs in FX, Commodities, Indices, Currency Indices, Cryptocurrencies, Shares, ETFs, and CFD Forwards.
IC Markets

IC Markets

  • Founded In:  2007
  • Minimum Deposit: $200
  • Maximum Leverage: 1:500
  • Regulations: ASIC, CySEC, SCB, FSA, FSCA
  • Trading Platforms: MT4, MT5, Ctrader, Trading Central. 
  • Trading Instruments: Forex, CFD, Crypto CFD, and More
Instant Deposit and Withdrawal
Exness

Exness

  • Founded In:  2008
  • Minimum Deposit: $200
  • Maximum Leverage: 1:2000
  • Regulations :FSA,CBCS,FSC,FSCA, Cysec,FCA,CMA
  • Trading Platforms :MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile,  Exness Trade App , Exness Terminal
  • Trading Instruments: Forex , Commodities, Stock ,Indices , Crypto
BlackBull Markets

BlackBull Markets

  • Founded In: 2014
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations : FCA, ASIC, NFA, or CySEC. 
  • Trading Platforms : MT4,MT5, Ctrader ,Tradingview, Copytrader
  • Trading Instruments: Forex ,Share, CFDs and Commodities
Just Markets

Just Markets

  • Founded In:  2012
  • Minimum Deposit: $1
  • Maximum Leverage: 1:3000
  • Regulations : FSA, Cysec, FSCA, FSC
  • Trading Platforms :MT4, MT5
  • Trading Instruments: Forex, CFDs, Gold, Oil
Eightcap

Eightcap

  • Founded In:  2009
  • Minimum Deposit: $100
  • Maximum Leverage: 1:1000
  • Regulations : ASIC,FCA, CySEC, SCB
  • Trading Platforms : MT4, MT5, TradingView, Webtrader
  • Trading Instruments: Forex,Commodities,Indices,Shares,Crypto
$5000 Deposit Bonus
XM

XM

  • Founded In:  2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1000:1
  • Regulations :FSC
  • Trading Platforms : MT4, MT5
  • Trading Instruments: Forex , Commodities, Stock ,Indices , Crypto , Turbo Stocks Equity indices , Precious Metals , Energies 
Best for High Leverage (upto 1:3000)
FBS

FBS

  • Founded In:  2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1:3000
  • Regulations :FSC(Belize) 
  • Trading Platforms : MT4, MT5, Webtrader
  • Trading Instruments: Forex ,  Stock ,Indices , Crypto , Metals , Energies , Forex Exotic
Low Cost Trading
ThinkMarkets

ThinkMarkets

  • Founded In:  2010
  • Minimum Deposit: $0 (Standard Account), $500 (ThinkZero account)
  • Maximum Leverage: 500:1
  • Regulations : ASIC, CySEC, FCA, FSA, FSC, NZFMA, DFSA, JFSA, FSCA, CIMA
  • Trading Platforms : MT5, ThinkTrader, ThinkCopy
  • Trading Instruments:  Forex, cryptocurrencies, shares CFDs, indices, metals, and commodities. 
HFM (HF Markets)

HFM (HF Markets)

  • Founded In:  2010
  • Minimum Deposit: $5
  • Maximum Leverage: 1:1000
  • Regulations : FCA, DFSA , FSCA ,FSA,CMA
  • Trading Platforms : MT4, MT5, HFM Platform
  • Trading Instruments: Forex,Metals,Energies,Indices,Stocks,Commodities,Bonds,ETFs,Cryptos