A list of Forex Brokers for African Traders 2024

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: $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
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
$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 
Hotforex

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
Low Cost Trading
FP Markets

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
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
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
AvaTrade

AvaTrade

  • 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
Best for Social Trading
Etoro

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.