This Best Forex Brokers in Central African Republic review conducted in South Africa shows that with forex trading exponentially growing around the world, especially in African countries such as Central African Republic, potential forex traders may still be unsure over the best brokers to trade this market.
Central African Republic traders looking for a broker that offers competitive trading conditions along with comprehensive trading solutions and services need not look further than the list below.
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Advanced Markets
Overview
Advanced Markets was established in 2006 and is being regulated by the Australian Securities and Investments Commission (ASIC) and the National Futures Association (NFA).
The company’s head office is located in Charlotte, North Carolina but the broker is registered on the Cayman Islands.
This is an ECN-broker that provides only one type of trading account and offers currency pairs, precious metals, and CFDs on financial products and commodities. The minimum deposit for individuals is very high – $2 500.
Pros and Cons
| PROS | CONS |
| Instant Execution of trades | High minimum deposit |
| No re-prices or re-quotes | No Islamic account option provided |
| One-click or two-click trading | One account option |
| Regulated by reputable authority | Only one way to withdraw funds |
| Segregated accounts for customers’ funds |
Features
| Feature | Information |
| Regulation | NFA, ASIC, FCA |
| Minimum deposit | $2500 |
| Average spread from | 0.5 |
| Commissions from | $20.00 per USD Million |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 100:1 |
| Bonuses | Yes |
| Customer Support and hours | 24/7 |
MARKETSX / Markets.com
Overview
MARKETSX is a forex broker company in South Africa, also known as Markets.com.
The broker operates since 2008 and listed on the London Stock Exchange and a constituent of the FTSE 250. It is regulated in five jurisdictions and offers four trading platforms from which traders have access to over 2 200 assets.
Pros and Cons
| PROS | CONS |
| Member of an investor compensation scheme | Fixed spread accounts not offered |
| Negative balance protection | Limited account types offered |
| Proprietary trading platform offered | |
| Segregated client funds | |
| Swap free or Islamic Account available | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | CySEC, FCA, ASIC, FSC, FSCA |
| Minimum deposit | $250 /£250 /€250 |
| Average spread from | 2.4 pips |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:300 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Direct FX
Overview
Direct FX is a forex broker company in Australia, founded in 2006 and licensed by the Australian Securities and Investment Commission (ASIC). It is also a member of the Financial Ombudsman Service (FOS), an Australian dispute resolution system that deals with complaints about financial services.
Direct FX offers trading through the STP trading model, and more than 40 currency pairs, precious metals (Gold and Silver), and some CFDs on commodities, indices, bonds, equities, as well as binary options can be traded.
Pros and Cons
| PROS | CONS |
| Several account types | Website lacks important information |
| Well regulated |
Features
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit | $100 |
| Average spread from | 1 pip |
| Commissions from | No |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support and hours | 24/7 |
JustForex
Overview
JustForex is a forex broker in Saint Vincent and the Grenadines and registered by the Financial Services Authority in the country. JustForex was founded in 2012.
The broker provides the MetaTrader 4 platform and a wide choice of accounts and conditions.
JustForex offers a fair choice of popular payment methods, lots of financial instruments, tight spreads, no limits on trading strategies and a range of beneficial partner programmes.
Pros and Cons
| PROS | CONS |
| Commission-free trading accounts | Only offshore regulation |
| Low minimum deposit | |
| Regulated by FSA | |
| Tight spreads |
Features
| Feature | Information |
| Regulation | FSA |
| Minimum deposit | $1 |
| Average spread from | 1 pip |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:3000 |
| Bonuses | Yes |
| Customer Support and hours | English support: 24/7 |
Globex360
Overview
Globex360 is a forex broker based in South Africa, ideal for trading with Forex and CFDs, indices, precious metals, energy, and cryptocurrencies.
The company is authorised to provide financial services to clients around the world, complying with the legislation of each country it operates. Globex360 was founded in 2017
Pros and Cons
| PROS | CONS |
| Several types of trading accounts | Does not provide negative balance protection |
| Regulated by proper authorities | Only MT4 trading platform |
| Variety of trading instruments | Withdrawal process is slow |
Features
| Feature | Information |
| Regulation | FSCA, FIAMLA 2002, POCA 2002, POTA 2002 |
| Minimum deposit | $25 |
| Average spread from | Not clearly indicated |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Aetos
Overview
Aetos Capital Group is a market-leading Australian broker based in Sydney and established in 2007, offering clients in more than 100 countries worldwide access to a wide range of market instruments, including forex, metals, energy, and indices.
Regulated by two separate world authorities, it offers three different accounts with an initial deposit of 250 USD.
Pros and Cons
| PROS | CONS |
| Segregated client funds used | Demo account use limited to 14 days |
| Well-regulated | US Clients not accepted |
Features
| Feature | Information |
| Regulation | ASIC, FCA |
| Minimum deposit | $250 |
| Average spread from | 0.8 |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1400 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Admiral Markets
Overview
Admiral Markets was founded in 2001 and provides trading with Forex and CFDs on indices, metals, energies, stocks, bonds, and cryptocurrencies worldwide through regulated trading companies.
Admiral Markets provides the option for deposits to trading accounts to be made in most currencies and you can have multiple trading accounts in different currencies at the same time.
| PROS | CONS |
| Advanced trading tools | No bonuses offered |
| Negative balance protection | No fixed spread accounts |
| Segregated client accounts |
Features
| Feature | Information |
| Regulation | FCA, ASIC |
| Minimum deposit | $200 |
| Average spread from | 0.6 pips |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 500:1 |
| Bonuses | No |
| Customer Support and hours | 24/5 |
InstaForex
Overview
InstaForex was established in 2007 and is a well-regulated and award-winning broker offering more than 300 financial instruments and MetaTrader 4 and MetaTrader 5 as trading platforms.
InstaForex provide a variety of flexible trading accounts, some of which offer commission-free trading, free VPS, a variety of trading tools and educational material. Their quality of services is confirmed by several awards.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | Charges commission |
| MetaTrader 4 and 5 available | EU-clients restricted on leverage |
| Variety of account types and instruments | US clients not allowed |
| Variety of financial |
Features
| Feature | Information |
| Regulation | CySEC, BVI, SVGFSA |
| Minimum deposit from | $1 |
| Average spread from | 0.0 pips |
| Commissions from | 0.03% |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
SuperForex
Overview
SuperForex was founded in 2013 and is headquartered in Belize. Although it operates globally, it is regulated by the International Financial Services Commission (IFSC) only. The broker offers a wide range of financial instruments for trading, investment, and funds management services in more than 150 countries.
Pros and Cons
| PROS | CONS |
| Large variety of accounts | Not properly regulated |
| Leverage offered | Offshore broker |
| More than 300 trading instruments |
Features
| Feature | Information |
| Regulation | IFSC |
| Minimum deposit | $1 |
| Average spread from | fixed from 0 pips |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | Withdrawals charged |
| Maximum Leverage | 1:1000 |
| Bonuses | Welcome bonus |
| Customer Support and hours | 24/7 |
Orbex
Overview
Orbex is a forex broker company in Cyprus since 2011.
Orbex offers the MT4 trading platform and TradeWorks, a third-party automated trading tool for new traders.
Orbex requires a minimum deposit of just $200 but offers zero spread accounts for deposits from $5 000. Its asset selection is more suitable for less-advanced traders.
Pros and Cons
| PROS | CONS |
| Access to Trading Central | Extremely high fees |
| Regulated | High minimum deposits required |
| Zero spread accounts available |
Features
| Feature | Information |
| Regulation | CySEC, FSC |
| Minimum deposit | $200 |
| Average spread from | 1.9 pips |
| Commissions from | $8 per lot |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | No |
| Customer Support and hours | 24/5 |
XM
Overview
XM as broker was founded in 2009 in Cyprus and is authorised and regulated by CySEC, IFSC, FCA, ASIC and the DFSA (Dubai).
The broker offers secure payment methods and MT4 and MT5 trading platforms for trading Forex, Stocks, CFDs, commodities, equity indices, precious metals, energies, and shares.
Pros and Cons
| PROS | CONS |
| Minimum deposit from $5. | No managed accounts |
| Offers negative balance protection | No US clients |
| Properly regulated |
Features
| Feature | Information |
| Regulation | CySEC, IFSC), FCA, ASIC and DFSA |
| Minimum deposit | $5 |
| Average spread from | 1.7 pips |
| Commissions from | $3.5 per lot per trade |
| Deposit/Withdrawal Fees | Bank withdrawals below $200 – $15 |
| Maximum Leverage | 500:1 |
| Bonuses | No. |
| Customer Support and hours | 24/5 |
Tickmill
Overview
Tickmill brokerage is regulated by the Seychelles FSA and FCA in the UK.
Tickmill offers three live account types and its own proprietary WebTrader or MetaTrader 4 to trade forex currency pairs, stock indices and oil, precious metals, and bonds.
Pros and Cons
| PROS | CONS |
| Fast and easy account opening | Average CFD fees |
| Free deposit and withdrawals | Only basic news feeds |
| Low forex fees | |
| No inactivity or withdrawal fee |
Features
| Feature | Information |
| Regulation | FSA, FCA |
| Minimum deposit | $100 |
| Average spread from | 0.13 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:500 |
| Bonuses | $30 welcome bonus |
| Customer Support and hours | 24/5 |
XTB
Overview
XTB is an English CFD, Crypto and forex broker company founded in 2002. It is based in London and regulated by the FCA and several other international authorities.
XTB offers a range of educational materials and an award-winning platform. It is listed on the Warsaw stock exchange and offers trading on more than 1500 global markets.
Pros and Cons
| PROS | CONS |
| Award winning platform | Limited product portfolio, mostly CFD and FX |
| Free deposit and withdrawal | |
| Negative balance protection | |
| Regulated by FCA |
Features
| Feature | Information |
| Regulation | FCA and Polish KNF |
| Minimum deposit | £250/$250/€250 |
| Average spread from | 0.5 |
| Commissions from | No |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:30 in EU, 1:200 international |
| Bonuses | No |
| Customer Support and hours | 24/5. |
eToro
Overview
eToro was established in 2007 and is based in Israel. It is authorised and regulated by CySEC, the FCA and ASIC.
eToro boasts more than 1.5 million customers in more than 130 countries and has transparent and user-friendly modes of trading currencies, indices, and commodities online.
Pros and Cons
| PROS | CONS |
| Low minimum deposit | High forex fees and non-trading fees |
| No deposit fee | Only one account base currency |
| Seamless account opening | |
| Social trading |
Features
| Feature | Information |
| Regulation | FCA, ASIC, CySEC |
| Minimum deposit | 30 USD |
| Average spread from | 1.0 pips |
| Commissions from | 0.09% |
| Deposit/Withdrawal Fees | $5 on withdrawals |
| Maximum Leverage | 1:20 |
| Bonuses | Welcome and referral bonuses |
| Customer Support and hours | 24/5 |
Trading 212
Overview
Trading 212 was founded in 2006 and has its headquarters in London, UK. It offers smart apps to trade equities, currencies, commodities, stocks, indices, and cryptocurrencies.
Trading 212 offers zero-commission stock trading and offers some bonuses to motivate traders.
Pros and Cons
| PROS | CONS |
| Demo accounts available | Does not allow scalping |
| Minimum deposit from $10 | Inactivity fee |
| Regulated | Limited research selection |
| Zero commission |
Features
| Feature | Information |
| Regulation | FCA, FSC |
| Minimum deposit | £100 /$100/€150 |
| Average spread from | 1.2 |
| Commissions from | Zero |
| Deposit/Withdrawal Fees | For bank wires |
| Maximum Leverage | 1:30 |
| Bonuses | None |
| Customer Support and hours | 24/5 |
City Index
Overview
City Index is a global Spread Betting, FX and CFD broker in the United Kingdom that was founded in 1983 and is registered and authorised by the FCA, ASIC and of MAS Singapore.
City Index gives clients access to more than 12 000 assets to trade from Forex, Indices, Shares and Commodities on global markets.
Pros and Cons
| PROS | CONS |
| Low fees for forex and index CFDs | High stock CFD fees |
| Low forex fees | Inactivity fee |
| No withdrawal or deposit fee |
Features
| Feature | Information |
| Regulation | FCA, ASIC, MAS |
| Minimum deposit | None |
| Average spread from | 0.5 pips |
| Commissions from | 0.1% |
| Deposit/Withdrawal Fees | £25 for payments less than £5 000 |
| Maximum Leverage | 1:200 |
| Bonuses | No |
| Customer Support and hours | 24/5 |
AvaTrade
Overview
AvaTrade is an Irish forex broker company founded in 2006 and based in Dublin with sales centres in several countries on different continents. The company’s own AvaTradeGO app is available with user-friendly interface and innovative tools.
AvaTrade is regulated by financial watchdog authorities in Europe, the British Virgin Islands, Australia, Japan, and South Africa.
Pros and Cons
| PROS | CONS |
| Great educational tools | Inactivity fee |
| Multiple payment options | Limited research tools |
| No withdrawal fee |
Features
| Feature | Information |
| Regulation | Central Bank of Ireland, MiFID, ASiC, BVI |
| Minimum deposit | $100 |
| Average spread from | 0.6 pips |
| Commissions from | Zero |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:400 |
| Bonuses | Occasionally |
| Customer Support and hours | 24/5 |
FP Markets
Overview
FP Markets is an Australian forex broker company established in 2005 and based in Sydney and Kingstown, St. Vincent, and the Grenadines. It offers traders access to CFDs trading across forex, indices, commodities, stocks, and cryptocurrencies.
Pros and Cons
| PROS | CONS |
| Fast account opening | High stock CFD fees |
| Multi-lingual support | Limited product portfolio |
| Quick deposit and withdrawal | |
| Tight spreads |
Features
| Feature | Information |
| Regulation | ASIC, CySEC, SCB |
| Minimum deposit | $100 |
| Average spread from | 0.09 |
| Commissions from | Commission rates are complex and are obtainable from Support. |
| Deposit/Withdrawal Fees | No fees except international withdrawals |
| Maximum Leverage | 1:500 |
| Bonuses | Deposit bonus |
| Customer Support and hours | 24/5 |
Compass FX
Overview
Compass FX is a forex broker in the United States of America that acts as an introducing broker for other forex brokers.
The company was founded in 1990 and is regulated by the National Futures Association (NFA).
Compass FX offers a Standard Account and Micro Account and gives traders access to the best trading opportunities possible over all asset classes.
Pros and Cons
| PROS | CONS |
| Excellent customer service | High spreads |
| Fast and reliable trade execution | No information about payment methods |
| Platform in 12 languages for global reach | |
| Popular Internet trading software |
Features
| Feature | Information |
| Regulation | National Futures Association (NFA), Australian Securities and Investment Commission (ASIC) |
| Minimum deposit | $250 |
| Average spread from | Depend on brokers they introduce for |
| Commissions from | Depend on brokers they introduce for |
| Deposit/Withdrawal Fees | Depend on brokers they introduce for |
| Maximum Leverage | Depend on brokers they introduce for |
| Bonuses | No |
| Customer Support and hours | 24/7 |
HFM
Overview
HFM is a forex broker company in in St. Vincent and the Grenadines. It was founded in 2010, is a highly regulated and trustworthy ECN/STP broker and offers a variety of tradable assets.
Pros and Cons
| PROS | CONS |
| Highly attractive spreads | Charges inactivity fee |
| No deposit or withdrawal fees | Does not accept clients from the US |
| Offers wide range of tradable assets | |
| Regulated in multiple countries |
Features
| Feature | Information |
| Regulation | FCA, CySEC, FSCA, DFSA, FSA |
| Minimum deposit | $100 |
| Average spread from | 1 pip |
| Commissions from | $0.03 per 1K lot |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:30 |
| Bonuses | No |
| Customer Support and hours | 24/7 |
FXTM
Overview
FXTM is a Cypriot forex broker company established in 2011 and based in Limassol, with offices worldwide and regulations across Europe, the Middle East, Africa, Asia, and Latin America.
FXTM provides excellent services and products, uses segregated accounts for client funds at top-tier banks, offers secure deposits and withdrawals, competitive leverage, tight spreads, and the ability to trade 250+ instruments.
Pros and Cons
| PROS | CONS |
| Great educational tools | High stock CFD fees |
| Low EURCHF and EURGBP fees | Inactivity and withdrawal fees |
| No deposit fees charged | Limited product portfolio |
| Quick deposit and withdrawal |
Features
| Feature | Information |
| Regulation | CySEC, FCA, FSCA |
| Minimum deposit | $10 |
| Average spread from | 0.1 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:30 for the EU and UK, 1:1000 under other entity |
| Bonuses | Only for international brand. |
| Customer Support and hours | 24/5 |
CMC Markets
Overview
CMC Markets is UK-based Market Maker broker established in 1989, and regulated and authorised by FCA, ASIC, MAS, FMA, and IIROC.
Clients can trade more than 10 000 financial instruments across multiple asset classes via the Next Gen and MetaTrader 4 trading platforms.
CMC Markets has no minimum deposit requirement when registering a trading account and offers comprehensive analysis, a variety of trading tools, and educational materials.
Pros and Cons
| PROS | CONS |
| Innovative platform tools provided | No copy trading platforms |
| Multi-regulated | No fixed spread accounts |
| No minimum deposit | No PAMM or MAM accounts |
| Segregated client funds | No US Clients |
Features
| Feature | Information |
| Regulation | FCA, ASIC, MAS, FMA, IIROC |
| Minimum deposit from | $0 |
| Average spread from | 0.7 |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
Pepperstone
Overview
Pepperstone is an Australian forex broker company regulated in Australia and the UK, with offices in the United States, United Kingdom, China, and Thailand.
Pepperstone was established in 2010 in Melbourne and offers low forex fees, easy deposit and withdrawals and advanced trading platforms.
Pros and Cons
| PROS | CONS |
| Fast and fully digital account opening | High bank withdrawal fee outside EU/Australia |
| Free deposit and withdrawal | No investor protection for non-EU clients |
| Low forex and equity index CFD fees | Only forex, CFDs, and crypto |
| Low non-trading fees |
Features
| Feature | Information |
| Regulation | FCA and ASIC |
| Minimum deposit | $200 |
| Average spread from | 0 pips |
| Commissions from | 7 units of the base currency per lot of the FX pair |
| Deposit/Withdrawal Fees | $20 for clients outside the EU and Australia |
| Maximum Leverage | 500:1 |
| Bonuses | No |
| Customer Support and hours | 24/5. |
Oanda
Overview
Oanda is an AMERICAN forex broker company founded in 1996 and based in New York City.
Oanda has offices in eight financial centres in the United States of America, Canada, the United Kingdom, Japan, Singapore, and Australia and serves clients in 200 countries, offering Forex and CFD trading.
Oanda is a trusted company and some of the biggest international companies make use of them. These entities include big brands like Google, TESLA, Airbnb, KPMG, FedEx, IATA, PWC, Twitter, Expedia, and others.
Pros and Cons
| PROS | CONS |
| Account opening process is fully digital | High withdrawal fee for bank transfers |
| Easy and digital account opening | Only FX and some CFDs available |
| Easy-to-use web trading platform | |
| No minimum deposit required |
Features
| Feature | Information |
| Regulation | CFTC, FCA, ASIC, IIROC, MAS and FFAJ |
| Minimum deposit | $0 |
| Average spread from | 0.1 pips |
| Commissions from | $0.01 USD per trade |
| Deposit/Withdrawal Fees | High withdrawal fees for bank transfers |
| Maximum Leverage | 1:50 |
| Bonuses | No |
| Customer Support and hours | 24/5 |
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Frequently Asked Questions
Who is the most popular forex broker in the Central African Republic?
Our research has shown that CM Trading and AvaTrade are very popular among Central African Republic forex traders.
Is forex trading in the Central African Republic unsafe?
Forex trading anywhere is risky and can be unsafe when you choose a compromised forex broker; however, there are many brokers now operating in the Central African Republic who are well-regulated by reputable regulatory entities and considered safe to trade with.
Is forex trading legal in Central African Republic?
Yes. Forex trading is legal in Central African Republic.
Do the forex brokers make demo trading accounts available?
Yes, demo trading accounts for practice trading is available from most of the brokers in the Central African Republic.
Is Islamic forex trading possible in the Central African Republic?
Yes, it is possible, there are many brokers in the country who offer Islamic forex trading accounts.
Top 4 Brokers
