27 Best Forex Brokers in Democratic Republic of Congo

Forex trading has experienced a surge in popularity throughout the African continent, and traders in the Democratic Republic of Congo are no exception. Bolstered by faster and more reliable internet connection, and an entrepreneurial demographic, Forex trading has taken the country by storm.

In this article, we explore the 27 Best Forex Brokers in the DR Congo, offering advanced and secure features and conditions that will allow you to take your trading to the next level.

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IQ Option

Overview

IQ Option is a regulated broker, best known for its intuitive trading platform.

The broker excels in particular with regards to its customer service, mobile trading app, binary options, and CFD trading. IQ Option offers a wide range of investment options, with competitive fees, making it a good option for most traders.

Pros and Cons

Features

XM

Overview

The XM platform boasts over 1.5 million clients with traders in 196 countries. The broker has managed to differentiate itself by offering excellent customer service and a personalised approach for every client, no matter their investment goals.

Pros and Cons

Features

eToro

Overview

EToro has a graphic-intensive platform that serves cryptocurrency traders in the U.S. Traders outside the U.S., customers can trade stocks and contracts for difference.

The main feature of this advanced proprietary platform is the ease in which an individual client can implement copy trading. The eToro platform features traders who want to be copied and who follow risk-control rules.

Pros and Cons

Features

IC Markets

Overview

IC Markets is an Australian CFD broker. The company has been in operation since 2007 and is one of the leading choices for high-frequency traders, particularly for those who prefer automated trading solutions.

The IC Markets Raw Spread Connectivity bridge provides retail traders access to an institutional pricing and liquidity environment. Over 500,000 trades are executed daily, with 60% of those from automated trading solutions.

Pros and Cons

Features

EasyMarkets

Overview

easyMarkets is a solid brokerage option that provides impressive operational statistics.

With 142,500 traders, more than 56.3 million executed trades, and over $2.92 trillion in trading volume plus official sponsorship of Real Betis Balompié, a Spanish division one football club, easyMarkets is a leading broker in the Forex trading industry.

Pros and Cons

Features

FXTM

Overview

FXTM, also referred to as “ForexTime”, is a well-established Forex and CFD online broker which has been in operation ever since 2011.

FXTM has two primary differentiating features: firstly, its secure regulatory regime in two major industry centres which enjoy high levels of regulatory protection (the U.K. and Cyprus); secondly, FXTM Invest, which is the broker’s copy trading program.

Pros and Cons

Features

OctaFX

Overview

OctaFX is a popular online Forex broker that enjoys an excellent reputation in the financial markets due to its advanced service offering, which caters to the different requirements of a wide variety of retail traders.

OctaFX provides a user-friendly interface for traders to enter the markets using feature-rich trading conditions, which is one of the main reasons why Octa the broker has continued to grow since its establishment in 2011.

Pros and Cons

Features

BDSwiss

Overview

Thanks to an exceptionally well-rounded platform that focuses on supplying superior execution and competitive pricing, all manner of investors will be able to find value across BDSwiss’ offerings.

Experienced traders can appreciate familiar tools like MetaTrader 4 and MetaTrader 5 along with straight-through processing execution and regularly updated market news.

Pros and Cons

Features

FxPro

Overview

FxPro offers no-commission trades, low fees, and a 10/10 customer service alongside four great platforms MT4, MT5, cTrader, and the new FxPro Edge.

The broker’s only real drawback is the lacking educational content, but the rest of its offer either keeps up with or outclasses the extensive competition.

Pros and Cons

Features

Admiral Markets

Overview

Offering comprehensive trading tools and educational content, Admiral Markets is one of the top forex and CFD brokers. Offering both the MT4 and MT5 trading platforms, plus zero spread accounts, the broker is a good fit for beginners and seasoned traders.

Pros and Cons

Features

Trading 212

Overview

Trading 212 has over 1,800 assets available which means every trader has a great deal of diversification possibilities when trading with this broker.

Additionally, tight spreads and no commissions make Trading 212 a solid option for most traders. Great trading conditions explain why Trading 212 has enjoyed tremendous growth ever since it first entered the Forex trading arena.

Pros and Cons

Features

NordFX

Overview

NordFX is a large international Crypto, Forex and CFD broker that has been around for a fair amount of time.

They offer leveraged trading on a respectable range of assets. This is done through their raw ECN trading accounts which allow their clients access to some of the lowest spreads on the market.

Pros and Cons

Features

IronFX

Overview

IronFX offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple MetaTrader accounts.

Pros and Cons

Features

Axi

Overview

Axi is primarily a forex broker and offers over 80 currency pairs which is an ample coverage of the currency market; plenty of minor and exotic currencies are available for trading.

Axioffers new retail traders plenty of opportunities to start their first trading account, but more advanced traders will run into limits rather fast.

Pros and Cons

Features

HYCM

Overview

HYCM processes over 25,000 orders daily, offers spreads as low as 0.2 pips, and has an average execution time of 12 milliseconds. This broker offers clients a well-regulated trading environment with over 300 assets across five sectors.

Pros and Cons

Features

FP Markets

Overview

FP Markets is an Australian broker founded in 2005 and regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

The award-winning broker offers over 10,000 products, including forex, share CFDs, indices, commodities, and cryptocurrencies. Clients of all levels can choose between ECN or DMA pricing with a range of trading features from which to choose.

Pros and Cons

Features

Pepperstone

Overview

As part of its comprehensive offerings, Pepperstone offers traders several additional features alongside its high-tech platform and low-cost pricing.

These include not only a multitude of educational materials, ranging from webinars through to trading guides, but also a frequently updated market review section, comprehensive economic calendar, and specialist technical analysis software known as Autochartist.

Pros and Cons

Features

FBS

Overview

Since its inception, FBS has received over 40 international recognitions and awards and is home to over 13,000,000 clients.

According to the broker, 7,000 new accounts are opened every day and FBS receives and processes one withdrawal request every 20 seconds. 80% of FBS clients remain loyal to the broker and 48% list trading revenues generated at FBS as their prime source of income.

Pros and Cons

Features

Tickmill

Overview

Tickmill provides the ability to trade on more than 135+ financial instruments covering CFDs and Futures on Forex, Indices, Commodities and Bonds through four core trading accounts called the Pro Account, Classic Account, VIP Account and Futures Account.

The broker also offers a demo trading account and Islamic swap-free account.

Pros and Cons

Features

AvaTrade

Overview

AvaTrade is a leading international forex broker and are part of the AVA Group of companies. Being founded in 2006, AvaTrade is one of the oldest online brokerages.

Spreads are competitive at AvaTrade, and the broker is constantly working to reduce them further. As an example of this, on cryptocurrency trades were recently cut by 50% – but an announcement has revealed they have been reduced by another third.

Pros and Cons

Features

XTB

Overview

XTB provides access to a variety of markets such as forex, shares, indices, metals, commodities and even cryptocurrencies.

The broker is regulated in the U.K. and registered with the Financial Conduct Authority as well as the Polish Financial Supervision Authority (KNF).

XTB’s flagship platform is a web-based offering named “xStation 5.” This coupled with the ever-popular MT4 (downloadable) platform and a functional mobile application, comprises XTB’s entire online offering to the consumer.

Pros and Cons

Features

Alpari

Overview

Alpari Review. Alpari International are a global forex and CFD broker. Alpari International operates a web based MetaTrader 4 and MetaTrader 5 platform, with a dealing desk.

Both platforms will provide a great level of flexibility, including modern and intuitive charting tools and simple navigation.

Pros and Cons

Features

FXCM

Overview

FXCM was founded in 1999 and offers global trader’s opportunities to access the most liquid markets in the world. The business was taken over by Leucadia Investments in 2015.

Leucadia Investments is a part of the Jefferies Financial Group merchant banking organisation. FXCM in the UK is regulated by the Financial Conduct Authority, while their subsidiary companies in Australia and South Africa are regulated by authorities in their own countries

The FXCM platform is easy to navigate around and new customers will find it is a simple matter to answer most common questions via the FAQs section of the site.

A comprehensive knowledge base and education centre also offers a lot of information about trading strategies for beginners or experts. There are two main trading platforms on the site, these are the FXCM Trading Station and their MT4 offering.

The FXCM Pro account is available to small hedge funds, retail brokers, and new market banks to access wholesale executions. While FXCM Prime accounts are also available for high- or mid-frequency funds.

Some of the popular currency pairs traded on FXCM are EUR/USD, where you can get low spreads* of just 1.3 pips and GBP/USD with available low spreads of 1.6 pips.

Pros and Cons

Features

Interactive Brokers

Overview

Interactive Brokers, founded in 1978, has since become the most prominent online trading platform in the US, based on the number of daily average revenue trades.

Over the past few years, it adjusted to accommodate all types of retail traders while continuing to cater to professional and institutional traders.

Full support for automated trading solutions also exists, and the Investor’s Marketplace is an excellent portal for all sectors of the financial industry. Interactive Brokers has grown into one of the most trusted names in the online brokerage space.

Pros and Cons

Features

FX Primus

Overview

According to the broker, technology, safety, and education form the three pillars of the FX Primus business model.

The broker completely meets the safety claim and provides a comprehensive Trading Tools Suite consisting of five add-ons for the MT4 platform, and a VPS hosting service to support automated trading solutions.

Pros and Cons

Features

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Frequently Asked Questions

Is forex trading legal in the Democratic Republic of the Congo?

Yes, forex trading is legal in the Democratic Republic of the Congo?

Are there good and safe brokers operating in the Democratic Republic of the Congo?

Yes, there are many good brokers offering their services in the Democratic Republic of Congo who are well-regulated, trustworthy and reputable.

Do forex brokers in the Democratic Republic of the Congo offer demo accounts?

Yes. Most of the brokers operating in the Democratic Republic of the Congo offer traders the option of registering a demo trading account.

Does the Democratic Republic of the Congo have a stock exchange?

No, the country does not have a stock exchange. DRC companies are listed on the CEMAC Zone Stock Exchange (BVMAC), or the Douala Stock Exchange (DAC).

Is tax profits made in the Democratic Republic of the Congo taxable?

Yes, profits gained from forex trading is taxable in the Democratic Republic of the Congo.