Africa is one of the fastest developing forex markets in the world. The biggest forex markets at the African continent are Nigeria and South Africa.
Forex brokers operate at the whole continent and there are also several other important markets like these ones in Botswana, Kenya, Namibia, Uganda, Cameroon, Rwanda, and Zimbabwe.
The criteria on how to choose the best Forex broker depend on what is important for you. For some people, the most important is fast and easy deposits and withdrawals. For other trades, the most important is to have bonuses. These clients have to head to an offshore broker. Spread is other important fee which traders have to have in mind, expesialy if they trade actively. For carrytraders (traders that buy a currency with higher rate and sell the currency with lower rate and wait long time to generate SWAP) is very important the size of the rollover.
| Forex Broker | Min deposit | Leverage | Deposit method | Platforms | Spread | Swaps | Support |
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| Pepperstone Visit |
200 AUD | 1:30 |
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| Plus500 Visit |
100 USD | 1:30 |
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| XTB Visit |
250 USD | 1:30 |
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| XM Visit |
5 USD | 1:30 |
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| CMC Markets | 0 USD | 1:30 |
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| IG Markets | 300 USD | 1:30 |
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The clients n Africa can choose between MetaTrader 4, MetaTrader 5, C Trader, and a lot of proprietary trading platforms. The own developed platform of the brokers offers a big amount of options like fixed spread, guaranteed stop, news, social trading, and a lot of other features.
The traders in Africa can trade a big number of forex pairs, CFDs based on major stock indices, commodities, futures, metals, cryptocurrencies, single stock CFDs, and many others.
Forex trades in Africa can use the best forex brokers in the world. There isn't leverage restriction as in Europe, the variety of forex platforms and trading instruments is big. The offered conditions are one of the most competitive trading conditions in the world.
Miroslav Georgiev is Senior Risk Executive with 20+ years of professional wide-ranging experience in multinational forex companies. Take part in Global setup and development of Forex and CFD being an active part of the Business Team. Build and manage Risk management departments and teams.
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