A list of Forex Brokers for African Traders 2024

Published : June 15, 2024

Updated : June 18, 2024

Jason-Paine

Written by

Ryan Hardy sitting before his forex trading desk

Fact Checked by

Richard Walz headshoot

Edited by

Pepperstone

Founded In: 2010
Minimum Deposit: $0, Recommended: $200
Maximum Leverage: $200:1 for retail traders, 500:1 for professional traders.
Regulations: FCA, ASIC, CySEC, SCB, FSA
Trading Platforms : MT4, MT5, cTrader, DupliTrade, TradingView
Trading Instruments: Forex, CFD, Crypto CFD, and More

9.4

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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

9.3

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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

9.3

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FP Markets

Founded In: 2005
Minimum Deposit: 100 AUD or equivalent.
Maximum Leverage: 500:1
Regulations : ASIC, CySEC, FSCA, FSA
Trading Platforms : MT4, MT5, Ctrader
Trading Instruments:Forex,Shares,Metals,Commodities,Indice,Digital Currencies,Bonds,ETFs

9.2

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Hotforex

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

9.1

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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

9

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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

9

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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

8.8

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Founded In: 2006
Minimum Deposit: $100
Maximum Leverage: 30:1
Regulations : ASIC, CBI, FFAJ, FSA, FSCA
Trading Platforms : MT4, MT5, Webtrader, Automated Trading
Trading Instruments:Forex, Stocks, Commodities, Indices, Crypto CFDs, Bonds, ETFs

8.7

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Etoro

Founded In: 2007
Minimum Deposit: $50
Maximum Leverage: 1:5
Regulations : CySec (Cyprus) , FCA (UK).
Trading Platforms :
Trading Instruments: Stocks,Indices,ETFs,Currencies,Commodities,Cryptoassets.

8.5

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