10 Best Forex Brokers in Burundi for 2024

A forex broker is an individual or institution that acts as a financial intermediary, facilitating the buying and selling of foreign currencies for traders. They provide a platform for retail investors, corporations, and other entities to trade in the forex market. With so many forex brokers available, finding the right forex broker in Burundi can be challenging, particularly for retail traders who seek transparency, competitive pricing, and strong regulatory oversight.

There are hundreds of online forex brokers in Burundi, and most of these brokers claim to offer similar features and trading environments. As a result, choosing suitable forex brokers can be difficult for retail traders. To help you find the best forex brokers, we have analyzed and tested over 100 brokers based on various factors, including regulation, trading fees, spreads, account types, platform performance, execution speed, and customer support. Based on our extensive research and comparison, we have selected the top 10 forex brokers for Burundian traders.

In this article, we present these top brokers and offer a comprehensive guide to choosing the right broker for your trading needs in Burundi.

A List of Top Forex Brokers in Burundi

• Pepperstone: Best Overall Forex Broker
• IC Markets: Best for Low Spreads
• Exness: Best For Instant Fund Withdrawal
• BlackBull: Best Broker For Free TradingView
• JustMarkets: Low Spread Broker for Gold, Oil Trading 
• Eightcap: Best for Smart Trading Tools
• XM: Best for Deposit Bonus  
• FBS: Best for High Leverage 
• ThinkMarkets: Best for Gold Trading 
• HF (HF Markets): Trusted Global Broker

Best Forex Brokers in Burundi (Compared and Reviewed)

1. Pepperstone: Best Overall Forex Broker

Founded in 2010 by Owen Kerr and Joe Davenport, Pepperstone is a forex, CFD, and spread betting broker that offers online trading services to traders globally. The broker is regulated by 7 top-tier regulatory authorities, including FCA, ASIC, CySEC, BaFIN, SCB (Bahamas), CMA, and DFSA (Dubai). The broker accepts clients from Burundi under its SCB regulations.

Pepperstone offers 3 of the most popular trading platforms: MT4, MT5, and cTrader. The broker also supports third-party charting or trading tools such as Tradingview, DupliTrade, MirrorTrader, Myfxbook, Smart Trader Tools, cTrader Automate, Autochartist, and Algorithmic trading.

Pepperstone accepts almost all trading styles, including scalping, EA trading, news trading, hedging, copy trading, and more. The broker also supports passive investment programs like PAMM and MAM and offers API trading and VPS hosting.

Key Features:

• Trading Instruments: 1250+Trading instruments including Forex, Commodities, Cryptocurrencies, Shares/Stocks CFDs, etc 
• Trading Platforms: MT4, MT5, cTrader,TradingView and their own proprietary platform,
• Maximum leverage: 1:400 for CMA jurisdiction, 1:200 for SCB jurisdiction, 1:500 for professional account. (1:30 for ASIC, CySEC, DFSA, FCA Regulation) 
• Minimum Deposit: $0 (recommended deposit of $200 or Equivalent)
• Account Types: Two ( Standard account, Razor Account) 
• Trading Fees: Spread starting from 1 pip for Standard Account or Commission 3.00 to 3.50 per lot for Razor Account on a Single Trip.
• Negative Balance Protection: Yes
• Investor Protection: Yes, Applicable for CySEC, FCA 
• PAMM/ MAM:  Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Our Rating

Pros:

• Pepperstone is regulated in 7 reputed jurisdictions, including FCA in the UK, CySEC in Cyprus, ASIC in Australia, BaFin in Germany, DFSA in Dubai, CMA, and SCB in the Bahamas.
• Fast order execution is ensured, with an average of 30 milliseconds.
• Competitive spreads starting from 0.0 pips are offered.
• Clients’ funds are segregated with tier 1 banks for added security.
• There are no inactivity fees associated with the platform.
• Attractive trading conditions are provided.
• Pepperstone offers over 1200 trading instruments for diverse investment opportunities.
• The platform facilitates fast and complete online account opening.
• MT4 Smart Trader Tools, Autochartist, Capitalise.ai, and free VPS are among the trading tools available for users.

Cons:

• US Traders are not allowed 
• Only CFDs are Offered 
• No cent/Micro Account 
• Minimum recommended deposit is $ 200
• Support works only 24/5  
• Limited account protection for non-U.K./E.U. clients
• No guaranteed Stop-loss 
• 30-day expiry for demo accounts

2. IC Markets: Best for Low-Spread Trading

Founded by Andrew Budzinksi in 2007, IC Markets is a Forex and CFD brokerage firm offering online trading services for retail and institutional clients. Although the company is based in Australia, it provides online trading services globally, including in Burundi. IC Markets is regulated by top-tier regulatory authorities such as ASIC, CySEC, and FSA. The firm onboards clients from Burundi under its FSA jurisdiction.

IC Markets offers the most popular trading platforms such as MT4, MT5, and cTrader, which are accessible on desktops, web browsers, and mobile devices. The brokerage provides access to over 2150 trading instruments, including 61 forex pairs, 25 Indices CFDs, 20 commodity CFDs, 2100+ stock CFDs, 21 cryptocurrency CFDs, and 4 Future CFDs

Key Features:

• Trading Instruments: 2150+ including  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies
• Trading Platforms: MT4, MT5, CTrader and Tradingview
• Maximum leverage: 1000:1 for the clients of FSA jurisdiction. (Generally 1:500)   
• Minimum Deposit: $200 or Equivalent
• Account types: Standard Account and Raw Account (Metater, Ctrader) 
• Fees:  Spread starting from 0.8  pips for Standard Account or 3.00 to 3.50 per lot for Raw Account on a single Trip. 
• Negative Balance Protection: Yes, 
• Investor Protection: Yes ( Applicable for CySEC regulation) 
• PAMM/ MAM:  Not Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed 

Our Rating

Pros:

• A fully regulated broker operates in two tier-1 jurisdictions and one tier-4 jurisdiction.
• It offers super-fast trade execution speed.
• The broker provides low spreads starting from 0 pips.
• Account opening is easy and fast.
• Deposits and withdrawals are free.
• The broker offers standard and raw spread account options.
• Trading EA is allowed.
• Traders have the ability to trade from a mobile device.
• A demo account is available.

Cons:

• The broker requires a higher minimum deposit of $200.
• Non-EU clients do not have investor protection.
• The product selection is limited.
• Weekend trading is not available.
• US traders are not accepted.
• The broker is not regulated by the FCA.

3. Exness: Best For Instant Fund Withdrawal

Established in 2008, Exness is a globally recognized forex and CFD broker, known for its instant deposit and withdrawal services. The broker provides access to over 230 trading instruments, including forex, cryptocurrencies, stocks CFDs, commodities, and indices, making it a versatile choice for traders worldwide.

Exness supports trading on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, offering robust tools and features for traders. The broker accommodates various trading styles, such as copy trading, news trading, and EA (Expert Advisor) trading. With ultra-low spreads starting from 0.3 pips and the ability to start trading with as little as 0.01 lots, Exness ensures an accessible and cost-effective trading experience.

Exness is regulated by top-tier authorities, including FCA (UK), CySEC (Cyprus), CMA (Kenya), FSCA (South Africa), CBCS (Central Bank of Curaçao and Sint Maarten), FSC (BVI and Mauritius), and FSA (Seychelles). However, it does not have regulation under ASIC. The broker’s commitment to compliance and fund safety is reflected in its adherence to stringent regulatory standards and the use of segregated client accounts.

With over 80,000 active traders globally, Exness has established itself as a trusted name in the forex industry. It offers features like unlimited leverage, lightning-fast order execution, and advanced risk management tools. The broker’s focus on cutting-edge technology, competitive trading conditions, and 24/7 customer support make it a preferred choice for traders seeking reliability and efficiency in their trading journey.

Key Features:

• Trading Instruments: 200+ trading instruments including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs
• Trading Platforms: MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile, Exness Trade App , Exness Terminal 
• Maximum leverage: Up to 1:Unlimited
•  Minimum Deposit: $1 
• Account Types: Exness offers 5 different types of accounts including Standard, Standard Cent account, Pro,  Raw Spread, Zero accounts 
• Fees: starting from 0.2 pips for a standard account, 0.3 pips for a standard cent account, 0.1pip for a pro account, up to 3.50 per Lot per one side for a raw spread account, 0.05/lot per side for a zero account,
• Negative Balance Protection: Yes 
• Investor Protection: Yes ( Applicable for EU traders) 
• PAMM/ MAM:  Not Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Our Rating

Pros

• Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on. 
• The maximum leverage is as high as 1:unlimited or 1:2000
• The minimum deposit is as low as $1 or depends on payment methods
• Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
• Competitive spreads starting from 0.2 pips on standard accounts
• Swap-Free/Islamic Account Provided
• Scalping, EA Trading, and Copy Trading are allowed 
• Instant Withdrawal of Money 24/7

Cons

• No Passive investment programme ( PAMM, MAM Accounts) 
• No Ctrader, Tradingview, or ZuluTrade offered 
• US Traders are not accepted 
• Only MT4 and MT5 Trading Platforms 
• Limited educational resources

4. Blackbull Markets: Best Broker For Free TradingView

Founded in 2024, BlackBull Markets is a New Zealand-regulated forex and CFD broker. The broker is regulated by FMA, FSPR, and FSA-S. Offering over 26,000 trading instruments including Forex, CFDs, Equities, and Commodities (energies, agriculture, metals, futures, indices), there is no minimum deposit requirement. Deposits can be as low as $1. The broker’s spreads start from as low as 0.0 pips. BlackBull Markets is renowned for its fast execution speed, with orders executed in less than 100 milliseconds. 

BlackBull Markets provides a variety of trading platforms, including MT4, MT5, Ctrader, TradingView, and the BlackBull Copy Trader platform. It offers TradingView premium platforms for free. Additionally, the broker offers free VPS services, ZuluTrade, and Myfxbook access. BlackBull Markets accepts clients worldwide, excluding the US, US Territories, and OFAC Sanctions. 

Key Features:

• Trading Instruments: 26000+ trading instruments in 80 markets  including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs
• Trading Platforms: TradingView, cTrader, MetaTrader 5, MetaTrader 4, MetaTrader Web Trader,BlackBull CopyTrader,BlackBull Shares,BlackBull Trade
• Maximum leverage: up to 1:500 
• Minimum Deposit: $0 for standard, $2000 for Prime, $20,000 for Institutional account
• Account Types: Offers 3 account types including ECN standard, ECN Prime, and ECN institutional. 
• Fees: starting from 0.8 pips for a standard account, (0.1 pips + $6) per lot for an ECN Prime Account, and (0.0 Pips +$4) for an Institutional account.
• Negative Balance Protection: Yes 
• Investor Protection: Yes ( Applicable for ESMA) 
• PAMM/ MAM:  Yes, 
• Zulutrade: Yes 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed 

Our Rating

Pros:

• Regulated by  FMA, FSPR, FSP, FSA-S
• Founded in New Zealand and operating globally
• Professional and Retail Trading options 
• No Minimum Deposit Requirement ($0) 
• The Maximum Leverage is as  high as 1:500
• Allow Scalping, News Trading, EA/Robot Trading 
• Offers Multiple Trading platforms including MT4, MT5, WebTrader, TradingView
• Supports multiple third-party copy trading platforms, such as ZuluTrade, DupliTrade, and Myfxbook.

Cons:

• BlackBull lacks additional Tier-1 regulatory licenses outside of New Zealand.
• $2,000 minimum deposit for Prime Account
• The Ctrader platform is not offered 
• Withdrawal fees 
• Limited Research Tools 
• Not very diverse range of tradable assets

5. JustMarkets: Low Spread Broker for Gold, Oil Trading

Founded in 2012, JustMarkets, formerly known as JustForex, is a globally recognized forex and CFD broker offering trading services to clients in over 160 countries. Regulated by CySEC (Cyprus), FSC (Mauritius), and FSA (Seychelles), JustMarkets provides access to a broad selection of trading instruments, including forex, CFDs, cryptocurrencies, and more. Supporting various trading styles such as scalping, EA trading, news trading, and copy trading, the broker ensures flexibility for traders of all expertise levels.

JustMarkets supports multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and a proprietary mobile trading app, giving clients versatile options for their trading needs. The broker also features a “Copy Trading” platform for passive investors, enabling them to replicate the strategies of seasoned traders. With leverage up to 3000:1 and floating spreads starting from 0 pips, JustMarkets delivers competitive pricing and efficient trading conditions for its users, particularly for gold and oil traders who seek cost-efficient solutions.

Over the years, JustMarkets has earned several prestigious awards, such as Best CFD Broker MEA (UF Awards 2024) and Best Crypto and Forex Broker (FXDailyInfo.com 2023). These recognitions underline the broker’s dedication to creating transparent and reliable trading experiences. With a vision “to become the world’s most customer-focused broker,” JustMarkets has established itself as a trusted choice for traders worldwide

Key Features:

• Trading Instruments:  Forex, CFDs, Gold, Oil.
• Trading Platforms: MT4, MT5, MetaTrader Webtrader
• Minimum Deposit:  $10 for a standard account, $100 for the Pro and Raw Spread accounts. 
• Maximum Leverage: Up to 1:3000 ( 1:30 for CySEC regulation) 
• Trading Fees: Trading fees (spreads and commissions) depend on Account types. The minimum spread is 0.0 pips for the Raw Spread account, $3 per lot for the Raw Spread account, and no commission for the Standard and Pro accounts.
• Account Types:  Offers 3 account types including Standard, Raw, and Pro. 
• Negative Balance Protection: Yes 
• Investor Protection: Yes ( Applicable for CySEC regulation) 
• PAMM/ MAM:  Not available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Our Rating

Pros:

• Regulated by CySEC, FSC, FSA-S 
• The minimum deposit is as low as $1 
• Maximum Leverage is 1:3000 (up to 1:30 for retail clients and up to 1:3000 for professional clients on justmarkets.eu )
• All strategies are allowed (Scalping, News trading, EA Trading) 
• Negative balance protection;
• Multilingual support 24/7.
• MetaTrader 4/5 Offered
• Spreads from 0 pips
• 170+ trading instruments

Cons:

• Not regulated by tire regulators like FCA, ASIC 
•  No passive investment program (MAM, PAMM Accounts) 
•  US, UK, or Japan Traders are not accepted 
•   A small selection of trading instruments;
• Sometimes it takes time to receive a response from technical support;
•  3% withdrawal fees if you do not have any trading activities 

6. Eightcap: Best for Smart Trading

Founded in 2009, Eightcap is an Australia-based forex and CFD broker that offers a wide range of trading instruments including forex, CFDs, Cryptos, share CFDs, Commodity CFDs, and so on. The broker offers a variety of trading platforms such as MT4, MT5, TradingView, and Webtraders. Eightcap allows scalping, EA Trading, and copy trading, and also offers passive investment programs like PAMM and MAM.

Eightcap is a regulated broker, being regulated by ASIC, CySEC, FCA, and SCB. The broker provides a couple of useful trading tools and services for traders, including AI-powered Economic Calendar Capitalise.ai, FlashTrader, and ForexVPS. Eightcap is reputed for offering prop trading solutions to many brokers.

Key Features:

• Trading Instruments: 1000+ including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs
• Trading Platforms: MT4, MT5, TradingView
• Maximum leverage: up to 1:500  (1:30 for ASIC, CySEC, FCA, 1:200 for SCB regulation) 
•  Minimum Deposit: $100 or Equivalent
• Account Types: Three Types of Accounts including Raw Account, Standard Account, TradingView Account 
• Fees: about $3.5 per lot on each side for the raw account, 1 pip spread for the standard account, 1 pip spread for the Tradingview account 
• Negative Balance Protection: Yes
• Investor Protection: Yes ( Applicable for FCA, CySEC regulation)  
• PAMM/ MAM:  Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed 

Our Rating

Pros:

• Top Tier regulated Broker
• Free deposit and withdrawal
• The maximum leverage is as high as 500:1
• Fully Digital Account Opening
• MT4 and MT5 trading Platforms are offered
• TradingView is integrated
• Stable Liquidity

Cons:

• Does not accept US Clients
• The minimum deposit is $100, which might be a bit more for beginners
• Limited research and educational tools
• No investor protection scheme in its Global Entity (in fact, no brokers have)

7. XM: Best for Deposit Bonus

Founded in 2009, XM is a globally recognized forex and CFD broker offering access to over 1,000 trading instruments. These include forex, cryptocurrencies, stock CFDs, thematic indices, turbo stocks, commodities, precious metals, and energies, catering to diverse trading needs. The broker supports trading on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, enhanced with proprietary indicators to provide advanced trading tools. With a maximum leverage of 1:1000 and spreads starting from as low as 0.6 pips, XM is an affordable and flexible option for traders.

XM is regulated by multiple reputable authorities, such as ASIC (Australia), CySEC (Cyprus), FSC (Belize), DFSA (Dubai), and FSCA (South Africa), ensuring a secure trading environment. The broker offers multiple account types designed to suit beginners, experienced traders, and professionals. It also provides educational resources, market analysis tools, and webinars to help traders enhance their skills and make informed decisions in the market.

With its user-friendly platforms, low-cost trading options, and a wide range of instruments, XM has won numerous awards for its services. The broker’s commitment to providing high-quality trading tools and excellent customer support has made it a trusted name in the industry. Whether you are new to trading or an experienced professional, XM offers a comprehensive platform to meet your trading goals.

Key Features:

• Trading Instruments: 1000+ including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Turbo Stocks CFDs, Metals CFDs, Energies CFDs
• Trading Platforms: MT4, MT5
• Maximum leverage: up to 1000:1 
•  Minimum Deposit: $5 or Equivalent
• Account Types: Micro, Standard, Ultra Low, Shares Accounts 
• Fees: Starting from 0.6 in Ultra-low account, 1 Pips for standard account, and 1 Pips for Micro account
• Negative Balance Protection: Yes
• Investor Protection: Yes ( Applicable for CySEC regulation) 
• PAMM/ MAM:  Not Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Our Rating

Pros:

• Regulated by CySEC, ASIC, DFSA (UAE) and FSC (Belize).
• Easy and fast account opening
• Minimum deposit is $5
• Over 1000 forex/CFDs are available for trading.
• MT4 and MT5 are the available trading platforms.
• Quality research, market analysis, and access to trading tools like Autochartist.
• Quality training for newbies and ‘ultra-low micro account’ for beginners.
• High leverage up to 1000:1 (this leverage is not available to all the entities of the Group)

Cons:

• Dormant fees are charged after 3 months of no account activity.
• Trading of real stocks is not available to European traders.
• Traders have no other choice apart from the MetaTrader platforms.
• Limited tradable assets.
• No passive investment services (social trading platform, PAMM accounts);
• Funding with PayPal is unavailable

8. FBS: Best for High Leverage

Founded in 2009 in Belize, FBS is a Forex and CFD broker that offers online trading services globally. The broker is regulated by ASIC, CySEC, and the FSC. FBS provides over 200 trading instruments, including Forex, CFDs, metals, energies, and shares. It supports almost all trading styles, such as scalping, news trading, EA trading, and hedging. FBS is a low-spread and high-leverage Forex broker, with maximum leverage as high as 1:3000, one of the highest in the industry.

FBS offers a wide range of trading platforms, including MT4, MT5, and FBS Trader. The broker provides all versions of the MT4 trading platform. FBS is also reputed for fast order execution, with orders executed in as little as 0.01 seconds. As one of the leading Forex brokers in the world, FBS offers excellent trading conditions and services to its clients.

Key Features:

• Trading Instruments: Forex, Stock, Indices, Crypto, Metals, Energies, Forex Exotic.
• Trading Platform: MT5, WebTrader, FBS Trader
• Maximum leverage: As high as 1:3000
• Minimum Deposit: $5
• Account Types: Three ( Standard, Cent, Pro) 
• Trading Fees: Spread starting from 1 pip for Standard Account and Cent Account
• Negative Balance Protection: Yes
• Investor Protection: Yes ( Applicable for CySEC regulation) 
• PAMM/ MAM: Not available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Our Rating

Pros:

• Regulated by the CySEC, ASIC, FSCA South Africa, and FSC Belize.
• The Maximum Leverage is as high as 1:3000
• The Minimum deposit is $5 
• Trading is on the MT4, MT5, and FBS trader platforms.
• There is an account type to suit newbies, experienced, and pro traders.
• Low spreads, high leverage, and fast order executions
• Easy and fast account opening
• Forex Guidebook, Forex Intensive, trading ideas, webinars, and other training resources are provided.

Cons:

• Tradable assets are not much, especially when compared to other top brokers.
• Daily Market news and analysis are not regularly updated.
• No premium trading tools to assist traders.
• No investor protection for non-EU Clients 
• Managed Accounts & Social Trading is unavailable 
• Few Account Base Currencies

9. ThinkMarkets: Low Spread Broker for Gold Trading

Founded in 2010 by Nauman and Faizan Anees, ThinkMarkets is a globally recognized forex, CFD broker, and online trading platform based in Australia. The broker offers worldwide trading services with offices in London, Tokyo, Chicago, Melbourne, Limassol, Dubai, Sofia, and Johannesburg. ThinkMarkets provides access to over 4,000 trading instruments, including forex, stock indices, commodities, bonds, cryptocurrencies, and stocks. Clients can trade on the MetaTrader 4 (MT4), MetaTrader 5 (MT5), and ThinkTrader platforms, with real stock trading available through the ThinkTrader app.

ThinkMarkets is regulated by multiple top-tier authorities, including ASIC (Australia), CySEC (Cyprus), FMA (New Zealand), JFSA (Japan), FSA-S (Seychelles), FSCA (South Africa), FCA (UK), and DFSA (Dubai). This ensures a secure and transparent trading environment for clients. The broker supports traders with innovative tools like free VPS, the Signal Centre for market insights, dynamic leverage, and Traders’ Gym for skill development. Its platforms are designed to cater to both beginners and experienced traders with advanced tools and seamless navigation.

ThinkMarkets is particularly favored for its competitive spreads, making it an excellent choice for gold trading and other commodities. The ThinkTrader platform is tailored for user convenience, offering real-time insights and robust trading features. With its comprehensive offerings, strong regulatory backing, and client-focused services, ThinkMarkets has positioned itself as a reliable partner for traders worldwide.

Key Features:

• Trading Instruments: 4,000+ forex and CFD instruments including FX,  Stock, Indices, Commodities, Bonds, Cryptocurrencies
• Trading Platforms: MT4, MT5, ThinkTrader, ThinkCopy
• Minimum Deposit:  $50
• Maximum Leverage: Dynamic leverage up to 1:2000 ( Dynamic 1:500 in many countries, 1:30 for EU, UK, and Australia)
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips ($3.5 per lot) for the ThinkZero account, 0.4 pips ( $0 per lot ) for the Standard account, and 2.52 pips ($0 per lot) for the Mini account.
• Account Types: Four (Standard, ThinkZero, ThinkTrader, mini)
• Negative Balance Protection: Yes
• Investor Protection: Yes ( Applicable for CySEC, FCA regulation) 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Our Rating

Pros:

• Regulated by ASIC, FCA, CySEC, JFSA, FSA-S, DFSA, FSC (Mauritius), 
• The minimum deposit is as low as $50
• The Maximum Leverage is as high as 2000:1 
• Allows scalping, EA trading, Copy trading
• Offers social trading options PAMM, MAM Accounts
• Negative balance protections for EU, UK, and Australian clients
• Tight Spreads Starting From 0 pips 
• MT4, MT5, and Thinktrader trading platforms are offered 

Cons:

• Only Forex and CFDs are offered (not real assets).
• There is no investment protection scheme for Global traders.
• Ctrader and TradingView are not offered.
• No bonuses or promotional offerings are available.
• Conditions may vary according to regulation and entity.
• Offshore Entity for international traders 

10. HFM (HF Markets): Trusted Global Broker

Founded in 2010, HFM (HF Markets), previously known as HotForex, is a globally recognized forex and CFD broker offering access to over 1,000 trading instruments. These include forex, gold, metals, stocks, indices, energies, commodities, cryptocurrencies, and ETFs. With ultra-fast execution, support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, and its proprietary WebTrader, HFM caters to traders of all levels. The broker has earned over 60 industry awards and serves a global clientele of approximately 2.5 million, highlighting its reputation for excellence and reliability.

HFM operates under the regulation of top-tier authorities, including the FCA (UK), CySEC (Cyprus), CMA (Kenya), FSC (Mauritius), FSCA (South Africa), DFSA (Dubai), and more. This ensures a secure and transparent trading environment for its clients. The broker offers competitive spreads starting as low as 0.1 pips, leverage up to 1:1000, and unrestricted trading styles, including scalping and Expert Advisor (EA) usage. HFM also provides advanced trading tools, free VPS access, and a range of account types designed to meet the needs of both retail and institutional clients.

Over the years, HFM has positioned itself as a broker of choice for traders worldwide by focusing on client satisfaction and offering the best trading conditions. The broker provides a wealth of educational resources, market analysis, and trading signals to support informed decision-making. Its commitment to transparency, segregated client funds, and top-notch customer service underscores HFM’s dedication to creating a trustworthy and efficient trading environment for its users.

Key Features:

• Trading Instruments: 500+ CFD markets  including Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptos, and ETFs
• Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
• Minimum Deposit:  The HFM minimum deposit depends on the account type, and payment methods type which ranges between $0 and $100
• Maximum Leverage: Up to 1:2000, ( 1:30 for ASIC, CySEC, Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account)
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips for the Zero account, 0.6 pips for the Pro account, and 1.6 pips for the Cent and Premium accounts.
• Account Types: Four ( Zero, Cent, Pro, Premium) 
• Negative Balance Protection: Yes 
• Investor Protection: Yes ( Applicable for CySEC, FCA regulation) 
• PAMM/ MAM: Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Our Rating

Pros:

• Regulated by the CySEC, FCA, FSCA, DFSA, CMA, FSC Mauritius, and FSA Seychelles.
• The Maximum Leverage is as high as 1:2000
• Favorable trading conditions and low spreads – from 0 pips;
• Trading is available on the MT4, MT5, and HFM trading app
• Available trading tools are MT4 premium trader tools, Autochartist, free VPS, etc
• Insurance coverage of up to $5,000,000
• Copy trading via HF Copy.
• Market news, analysis, outlook, and webinars are provided by a dedicated team of analysts

Cons:

• Premium Pro account requires a $5000 minimum balance
• To copy trades on HF copy, you need a deposit of €300.
• No micro accounts for European beginner traders.
• No bonuses for EU Clients 
• Few account currencies, which is why some clients have to pay for double conversion
• Customer support is closed on weekends.

Can I trust these online brokers in Burundi?

• Pepperstone: Regulated by 7 regulatory authorities including FCA, ASIC, CySEC, BaFin, DFSA, CMA, and SCB
• IC Markets: Regulated by 3 Regulatory Authorities including FCA, CySEC, and ASIC
• Exness: Regulated by 8 Regulatory Authorities including CySEC, FCA, CMA, FSCA,  FSA in Seychelles, CBCS, FSC (Mauritius), and FSC (BVI)
• BlackBull: Regulated by 2 Regulatory Authorities including FMA, FSA-S
• JustMarkets: Regulated by 4 Regulatory Authorities including CySEC, FSC- Mauritius, FSA-S, FSCA.
• Eightcap: Regulated by 5 Regulatory Authorities including ASIC, FCA, CySEC, SCB, and FSASVG
• XM: Regulated by 5 Regulatory Authorities including ASIC, CySEC, DFSA, FSCA, FSC in Belize (Global)
• FBS: Regulated by 3 Regulatory Authorities including Cysec, ASIC, FSC-Belize
• ThinkMarkets: Regulated by 10 Regulatory Authorities including ASIC, CySEC, FCA, FSA, FSC, NZFMA, DFSA, JFSA, FSCA, CIMA
• HFM (HF Markets): Regulated by 10 Regulatory Authorities including FCA, DFSA, FSCA, FSA in Seychelles, CMA, CySEC

How Did We Select the Best Forex Brokers in Burundi?

Research

To identify the best forex brokers in Burundi, we conducted extensive research, focusing on the features, services, and regulations associated with each broker. We analyzed market trends, broker offerings, and user feedback to understand what traders value most. This comprehensive approach allowed us to build a solid foundation for our evaluations.

Data Collection

We gathered data from a variety of reliable sources, including official regulatory bodies, broker websites, and reputable financial news platforms. This data encompassed key metrics such as trading fees, available assets, leverage options, and client support services. Additionally, we considered user reviews and testimonials to gauge trader satisfaction and experiences.

Verification

After collecting data, we verified the information to ensure accuracy and reliability. This step involved cross-referencing details from multiple sources, including regulatory websites and independent reviews. By ensuring that our data is accurate, we aim to present an honest assessment of each broker’s strengths and weaknesses.

Live Testing

To provide a real-world perspective, we conducted live testing of the shortlisted brokers. This involved opening demo accounts and executing trades to evaluate the trading platforms, order execution speed, and customer service responsiveness. Our live testing process allowed us to assess each broker’s performance under actual market conditions, providing valuable insights into their functionality.

Scoring

Finally, we scored each broker based on a set of criteria, including regulatory compliance, trading costs, platform usability, available trading instruments, customer support, and overall user experience. Each category was assigned a specific weight, reflecting its importance in the trading process. The scores helped us rank the brokers, ensuring that our recommendations align with the needs and preferences of traders in Burundi.

Things We Considered:

• Regulation: We ensure the broker is regulated by trusted authorities like FCA, CySEC, or ASIC for client safety and fund protection.
• Fees and Costs: We compare spreads, commissions, withdrawal fees, and swap charges to assess overall trading costs.
• Trading Platform: We test platforms for features, usability, charting tools, and mobile compatibility to ensure a smooth experience.
• Market Availability: We review the broker’s range of instruments, including forex pairs, CFDs, and cryptocurrencies, to offer diverse trading opportunities.
• Customer Support: We evaluate the quality and availability of customer support, including live chat, email, and multilingual options.
• Educational Resources: We check for comprehensive learning tools such as webinars, tutorials, and strategy guides to support trader development.

Final Verdict:

Based on our research and broker ratings, the best overall forex broker in Burundi is Pepperstone. The broker is globally recognized for its regulation by ASIC, FCA, and CySEC, offering low spreads, fast execution, and multiple trading platforms such as MT4, MT5, cTrader, and TradingView. Pepperstone provides access to a wide range of instruments, including forex, CFDs, cryptocurrencies, and stocks, making it a reliable choice for Burundian traders.

eToro is known for its social trading platform, ideal for beginners looking to copy expert traders. Exness offers instant deposits and withdrawals and provides 24/7 customer service. XM is recognized for its deposit bonus of up to $5,000 and negative balance protection. FBS attracts traders with leverage up to 1:3000, making it appealing to novice and experienced traders who are looking for higher leverage options.

Our Methodology:

Our team developed over 170 data points grouped into 6 macro areas for assessing the performance of forex brokers. They are as follows:

• Regulation and Security
• Fees and Commissions
• Trading
• Trading tools
• Customer Support
• Trading Education

Our team collated information from various sources and verified them before assessment and rating. We tested the services offered by the brokers using various devices, software, and strategies. Final fact-checking, evaluation, and editing were done and the best brokers were selected. To find out more, read our methodology.