Forex trading has experienced a surge in popularity throughout the African continent, and traders in Equatorial Guinea 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 Equatorial Guinea, offering advanced and secure features and conditions that will allow you to take your trading to the next level.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
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IQ Option
Overview
IQ Option is based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySEC), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in several jurisdictions.
IQ Option is an online trading platform that enables customers to trade a variety of financial instruments and assets such as Binary Options, Stocks, Forex and of course Cryptocurrencies.
Founded in 2013 and operated by IQ Option Ltd, the site has quickly become one of fastest growing online trading platforms and claims to have over 20 million account holders from around the world.
Pros and Cons
| PROS | CONS |
| Competitive trading conditions available | Low leverage |
| Excellent customer service | |
| Intuitive platform | |
| Well-regulated | |
| Wide range of tradable assets |
Features
| Feature | Information |
| Regulation | CySEC, FCA |
| Minimum deposit from | $10 |
| Average spread from | Variable |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:30 |
| Bonuses | None |
| Customer Support | 24/5 |
XM
Overview
XM offers more than 1,000+ financial CFD instruments covering Forex, Stocks, Commodities, Indices, Metals and Energies on the globally recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS, and Android systems.
XM was founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC).
Pros and Cons
| PROS | CONS |
| Competitive trading conditions | Fixed spreads not offered |
| Negative balance protection offered | US Clients not allowed |
| Well-regulated |
Features
| Feature | Information |
| Regulation | FCA |
| Minimum deposit from | $5 |
| Average spread from | 0.0 pips |
| Commissions from | $1 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:888 |
| Bonuses | Yes |
| Customer Support | 24/5 |
eToro
Overview
eToro first started as a general trading platform but has added cryptocurrency and other trading instruments to keep up with changing markets and growing demands. They are one of the pioneers in adding social features to their platform in the form of CopyTrading and CopyPortfolios.
Today, there are over 6 million users registered on eToro, cementing its position as an industry leader.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | Fixed spread accounts not provided |
| Large online trading community | MetaTrader 4 and 5 not offered |
| Leading social trading platform | No US Clients |
| Well-regulated |
Features
| Feature | Information |
| Regulation | ASIC, FCA, CySEC |
| Minimum deposit from | $200 |
| Average spread from | 3 pips on EUR/USD |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/6 |
Exness
Overview
Exness Group was founded in 2008 and is regulated and licensed by the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority of Seychelles.
The group is an industry leader, offering traders the opportunity to trade a wide range of asset classes, including Forex, CFDs, Cryptocurrencies, Metals Energies, Stocks, and Indices.
Pros and Cons
| PROS | CONS |
| High maximum leverage offered | Accounts are not multi-currency |
| Powerful trading platforms supported | US Clients not allowed |
| Strictly regulated | |
| Variety of financial instruments |
Features
| Feature | Information |
| Regulation | CySEC, FCA, SFSA |
| Minimum deposit from | $1 |
| Average spread from | 0.0 pips |
| Commissions from | From $3.5 per lot per side |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:2000 |
| Bonuses | None |
| Customer Support | 24/5 – multilingual |
Olymp Trade
Overview
Olymp Trade has been operational since 2014, and the firm has a reputation for continuing to improve their trading platform with each successive year. Olymp Trade is one of the most popular online brokers in the industry, with over 25,000 clients currently trading on its platform every day.
With competitive spreads and plenty of educational features, it is easy to see why thousands of people make use of this platform every day.
Pros and Cons
| PROS | CONS |
| Advanced proprietary trading platform | No MetaTrader available |
| Excellent customer support | No social trading available |
| Excellent educational resources | Not the most reputable regulation |
| Low minimum deposit |
Features
| Feature | Information |
| Regulation | The Financial Commission |
| Minimum deposit from | $10 |
| Average spread from | Variable |
| Commissions from | From 0.00400% |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 – multilingual |
Pepperstone
Overview
Pepperstone is a highly rated forex broker based on trading experience, low fee structure and customer support levels. The most popular Pepperstone razor account average spreads are 0.13 pips in the EUR/USD currency pair with a $3.50 commission per lot charged.
Other Pepperstone strengths include customer service levels, low spreads, no withdrawal fees, and a requirement of an affordable minimum deposit.
Pros and Cons
| PROS | CONS |
| Award-winning customer support | No fixed spread accounts |
| Competitive trading conditions | No US Clients |
| Hedging and scalping allowed | |
| Social trading offered | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | ASIC, FCA, DFSA |
| Minimum deposit from | $200 |
| Average spread from | 1 pip |
| Commissions from | AU$3.5 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 |
FBS
Overview
FBS introduced itself to the world of Forex trading in 2009, and now enjoys a presence in more than 120 countries with a customer base of more than 700,000 traders.
FBS offer five different account types, each with their own special requirements and benefits. From traders who prefer to keep risks to a minimum right up to those who are ready to invest big and trade in large volume, all are catered for.
Pros and Cons
| PROS | CONS |
| Competitive trading conditions | High spreads on some accounts |
| Multiple account types offered | Limited tradable assets |
| Social trading supported | Limited trading platform and tools offered |
| Ultra-low minimum deposit requirement | Several countries restricted including US, UK, Japan, Israel, and others |
| Well-regulated |
Features
| Feature | Information |
| Regulation | IFSC, CySEC |
| Minimum deposit from | $1 |
| Average spread from | 0.0 pips |
| Commissions from | $6 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:3000 |
| Bonuses | Yes |
| Customer Support | 24/7 |
Tickmill
Overview
The Tickmill trading platform is set up to provide reliable, low-cost, super-fast trading, in all the popular markets. There are a lot of behind-the-scenes features that go to make Tickmill trustworthy.
Research and learning materials are set at beginner, intermediate and advanced levels. Some are tailored to explaining the basics and preparing clients for trading.
When you are ready to enter the markets, there is a collection of up-to-date research notes that focus on identifying trade entry and exit points.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | Cryptocurrency trading not supported |
| Powerful trading platforms supported | Fixed spreads not offered |
| Strictly regulated by multiple regulatory entities | US Clients not allowed |
| Variety of financial instruments | |
| Variety of trading tools offered |
Features
| Feature | Information |
| Regulation | FCA, CySEC, FSA |
| Minimum deposit from | $100 |
| Average spread from | 0.0 pips |
| Commissions from | From $1 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 |
AvaTrade
Overview
AvaTrade is one of the oldest online forex and CFD brokers with a well-established reputation for customer support, competitive fees, and spreads – all in addition to offering a broad range of financial instruments, even including ETFs and FX options for those who like to diversify across assets.
As such, AvaTrade offers clients access to trade on more than 1,250+ financial instruments covering forex, CFDs for stocks, bonds, commodities, cryptocurrencies, indices, ETFs, and FX Options.
Pros and Cons
| PROS | CONS |
| Award-winning broker | Only one account type for either retail or professionals |
| Competitive trading conditions | US Clients not allowed |
| Fast trade execution | Variable spreads not offered |
| Social trading offered | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | ASIC, BVI, CBI, FFAJ, FSA, FSCA |
| Minimum deposit from | $100 |
| Average spread from | 0.9 pips |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support | 24/5 |
FP Markets
Overview
FP Markets was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC), offering segregation of client funds and top tier liquidity.
The broker offers the ability to trade on more than 13,000+ financial instruments covering Forex, Equities (Share CFD’s), Metals, Commodities, Indices and Cryptocurrency CFDs.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | No fixed spread accounts |
| ECN-Pricing model | No US Clients |
| Variety of financial instruments | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | ASIC, CySEC, SVGFSA |
| Minimum deposit from | AU$100 |
| Average spread from | 0.0 pips |
| Commissions from | US$3 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
HotForex
Overview
HotForex offers 6 main trading accounts called Micro, Premium, Zero Spread, Auto, PAMM (Premium) and HFcopy.
Every account type offer commission-free trading for Forex pairs, while the Zero Spread account is commission-based but with spreads from 0 pips on Forex.
Users can access 1,000+ trading instruments across Forex, Commodities, Indices, Shares, Bonds and Cryptocurrency CFDs. Users can also access free demo trading accounts and Islamic swap-free accounts.
Pros and Cons
| PROS | CONS |
| Competitive trading conditions offered | US Clients not allowed |
| Strictly and well-regulated | |
| Strong international presence | |
| Vast variety of account types offered |
Features
| Feature | Information |
| Regulation | CySEC, FCA, DFSA, FSCA |
| Minimum deposit from | $5 |
| Average spread from | 0.0 pips |
| Commissions from | $3 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
IC Markets
Overview
Launched in 2007, IC Markets (International Capital Markets) is one of only a handful of true ECN brokers out there.
Regarding tradable assets, IC Markets cover all the traditional asset classes. Some 64 currency pairs can be traded, together with equally impressive selections of indices, stocks, bonds, futures, and commodities.
In addition to all that, the broker supports cryptocurrency CFDs as well. As far as cryptos are concerned, only Bitcoin is currently featured, but for a crypto enthusiast, it will suffice.
BTC trading is done through CFDs, meaning that traders will not be able to purchase actual cryptos through the broker.
Pros and Cons
| PROS | CONS |
| Hedging and scalping allowed | Fixed spreads not offered |
| Low trading and non-trading fees | US Clients not allowed |
| Social trading supported | |
| Strictly regulated | |
| Tight and competitive spreads |
Features
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit from | $200 |
| Average spread from | 0.0 pips |
| Commissions from | $3 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
easyMarkets
Overview
easyMarkets is an online market maker that provides a trading platform for derivatives like contracts-for-difference.
CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without holding the instruments in their accounts.
easyMarkets offers CFD trading in a variety of asset classes including forex, metals, agricultural goods, energy, indices, and cryptocurrencies.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | Forex spreads start from 1 pip |
| Fixed spread accounts offered | US Clients not allowed |
| Free guaranteed stops | Variable spread accounts not offered |
| Negative balance protection | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | ASIC, CySEC |
| Minimum deposit from | $100 |
| Average spread from | 0.9 pips |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support | 24/5 |
FXTM
Overview
FXTM was founded in 2011 in Europe. They are currently headquartered in Cyprus but offer services in forex trading and many other assets to traders around the world. They have fast become one of the top forex brokers in the entire sector.
The FXTM minimum deposit starts from just $10 depending on your account type. This means trading is high accessible through FXTM for all level of trader.
Added to this, they are an extremely well-regulated broker with the support of multiple respected bodies including CySEC in Europe, and the FCA in the UK.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | Restricted leverage for EU-clients |
| Low minimum deposit | US Clients not allowed |
| Strictly regulated | |
| Variety of account types offered | |
| Variety of financial instruments offered |
Features
| Feature | Information |
| Regulation | CySEC, FCA, FSC, FSCA |
| Minimum deposit from | $10 |
| Average spread from | 0.0 pips |
| Commissions from | $2 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:2000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
OctaFX
Overview
Based in St. Vincent and the Grenadines, Octa currently accepts clients from 185 countries and is regulated both by local authorities in St. Vincent and the Cyprus Securities and Exchange Commission (CySEC).
OctaFX stands out for its accessibility and excellent spreads. At just $50, the minimum deposit required to open an Octa account is among the lowest in the industry.
Pros and Cons
| PROS | CONS |
| Advanced trading technology | No educational resources |
| Excellent customer service | No VPS available |
| Good regulation | |
| Good research tools | |
| Over 30 Forex pairs available |
Features
| Feature | Information |
| Regulation | CySEC, FMA |
| Minimum deposit from | $100 |
| Average spread from | 0.4 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | No |
| Customer Support | 24/5 |
BDSwiss
Overview
BDSwiss was launched in the Zurich area in the year 2012.
The business currently has more than €20bn in forex trades each month and is a global provider with over 16,000 affiliate accounts. BDSwiss is licensed by CYSEC in the EU, the National Futures Association in the United States, and the FSC.
Pros and Cons
| PROS | CONS |
| Advanced trading tools offered | Fixed spreads not offered |
| Commission-free accounts offered | Restricted leverage for EU-clients |
| Competitive trading conditions | US Clients not allowed |
| More than 250 financial instruments | |
| Strict regulation |
Features
| Feature | Information |
| Regulation | CySEC, FSC, NFA |
| Minimum deposit from | $200 |
| Average spread from | 1.1 pips |
| Commissions from | $4 |
| Deposit/Withdrawal Fees | Some fees may apply |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/5 |
RoboForex
Overview
Founded in 2009, RoboForex has headquarters in Belize and is regulated by the International Financial Services Commission (IFSC). The broker offers over 12,000 trading instruments in 8 asset classes, as well as 2 investment platforms and 4 trading platforms.
RoboForex has earned a good reputation over the years with 3 million live accounts opened since inception.
Pros and Cons
| PROS | CONS |
| Flexible account types offered | Fixed spread accounts not offered |
| Multiple trading platforms supported | No US Clients |
| Negative balance protection provided | |
| Strictly regulated |
Features
| Feature | Information |
| Regulation | IFSC |
| Minimum deposit from | $10 |
| Average spread from | 0.0 pips |
| Commissions from | $0.0045 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:2000 |
| Bonuses | Yes |
| Customer Support | 24/7 |
FxPro
Overview
FxPro provides trading on more than 260+ CFD financial instruments covering Forex, Futures, Indices, Shares, Metals and Energies.
Traders will also benefit from the broker’s no-dealing desk, ultra-fast execution pricing model with most orders executed in under 11.06ms with transparent details on slippage and execution stats provided online. The broker also offers Spread Betting accounts.
Pros and Cons
| PROS | CONS |
| Expert analysis from Trading Central | No cryptocurrency trading |
| Multiple modern trading platforms | No managed accounts or social trading |
| Premium trader tools | No US, Iraq, or Canada clients |
| Strict and multiple regulations | Not the lowest commissions |
| VPS access | Not the tightest spreads |
Features
| Feature | Information |
| Regulation | FCA, CySEC, FSCA, DFSA, SCB |
| Minimum deposit from | $100 |
| Average spread from | 0.0 pips |
| Commissions from | $4.5 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
Admiral Markets
Overview
Founded in 2001, Admiral Markets is a multi-asset online broker that offers the trading of a variety of markets via multiple financial products including CFDs and general account leverage.
Admiral Markets maintains an edge within the general markets because it was instantiated in 2001, which makes it one of the longest lasting Forex and CFD brokers in the world.
Admiral Markets demonstrates a global presence, operating 10 offices worldwide and offers its products in a range of different jurisdictions, which gives it a favourable placement in the list of Forex brokers and CFD brokers.
Pros and Cons
| PROS | CONS |
| Advanced trading tools offered | Fixed spreads not offered |
| Commission-free trading offered | Minimum deposit required higher than average |
| MetaTrader Supreme offered | US Clients not allowed |
| Negative balance protection offered | |
| Strict regulation |
Features
| Feature | Information |
| Regulation | ASIC, FCA, EFSA, CySEC |
| Minimum deposit from | $200 |
| Average spread from | 0.5 pips |
| Commissions from | $3 |
| Deposit/Withdrawal Fees | Some fees may apply |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
Trading 212
Overview
Trading 212 is an online trading platform that is based out of London. The company was founded back in 2006 and allows forex trading, currencies, gold, commodities, crypto, stocks, and other kinds of asset classes.
The company have racked up nearly 2 million downloads and has been ranked the No.1 trading platform in the UL and Germany, it was also one of the first brokerages in the UK to switch to a commission-free trading model for regular day-trades.
Pros and Cons
| PROS | CONS |
| Competitive trading fees | Limited independent research tools |
| Fast and streamlined account opening | |
| Fast execution | |
| User friendly trading platform | |
| Wide range of assets |
Features
| Feature | Information |
| Regulation | FCA, FSC, OCC |
| Minimum deposit from | $1 |
| Average spread from | 0.1 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:300 |
| Bonuses | No deposit bonus |
| Customer Support | 24/5 |
NordFX
Overview
NordFX is an international brokerage, which has been operational since 2008. Since its inception, it has grown to serve over 1,200,000 clients from over 100 countries.
This broker is regulated in three jurisdictions and offers four trading accounts. The Zero Account is by far the most competitive option, where traders will enjoy high leverage of 1:1000 if they register under the VFSC regulated entity, plus tight spreads, and a competitive commission.
Pros and Cons
| PROS | CONS |
| Advanced trading platforms | Limited research tools |
| High maximum leverage | No social trading available |
| Low minimum deposit |
Features
| Feature | Information |
| Regulation | VFSC, CySEC |
| Minimum deposit from | $10 |
| Average spread from | 0.0 pips |
| Commissions from | 0.0035% |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | $8 No deposit bonus |
| Customer Support | 24/5 |
IronFX
Overview
IronFX offers trading on more than 200+ financial instruments covering Forex, Metals, Indices, Commodities, Futures and Shares, on the globally recognised MetaTrader 4 trading platform for PC, Mac, Web, Android, and iOS operating systems.
IronFX also offers free VPS hosting, subject to terms and conditions, as well as a copy trading facility called AutoTrade via myFXbook.
Pros and Cons
| PROS | CONS |
| Easy account opening | Limited customer support |
| Excellent deposit and withdrawal conditions | |
| Low fees |
Features
| Feature | Information |
| Regulation | FCA |
| Minimum deposit from | $100 |
| Average spread from | 0.3 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | 1% Sharing Bonus |
| Customer Support | 24/5 |
Axi
Overview
Axi is a Forex broker that is owned and operated by a group of experienced Forex traders, who understand the discerning requirements of modern traders and investors in the FX markets.
Axi has its presence in both Australia and the UK and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Financial Conduct Authority (FCA) of the UK.
Pros and Cons
| PROS | CONS |
| MetaTrader 4 available | Limited advanced trading capabilities |
| No minimum deposit | Limited research tools |
| User friendly features | |
| Wide range of currency pairs |
Features
| Feature | Information |
| Regulation | ASIC, FCA, DFSA |
| Minimum deposit from | None |
| Average spread from | 1.24 pips |
| Commissions from | $ 7 commission charged per round |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/5 |
HYCM
Overview
HYCM is an international forex and CFD broker with industry-leading platform integration. The HYCM brand is part of the Henyep Capital Markets holdings group and has UK, Hong Kong, Dubai, and Cyprus office locations.
The broker has account types to suit a range of clients, plus straightforward deposits, and withdrawals for easy trading.
Pros and Cons
| PROS | CONS |
| Fast execution | Limited platform options |
| Tight spreads | |
| Well-regulated broker | |
| Wide range of assets |
Features
| Feature | Information |
| Regulation | FCA, CySEC, DFSA, CIMA |
| Minimum deposit from | $100 |
| Average spread from | 1.8 pips |
| Commissions from | $4 per round turn on Raw account only |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:200 |
| Bonuses | 25% Deposit Bonus |
| Customer Support | 24/5 |
Interactive Brokers
Overview
Interactive Brokers attracts active traders with low per-share pricing, an advanced trading platform, a large selection of tradable securities and extremely low margin rates. Its latest offering, IBKR Lite, offers commission-free trades of stocks and ETFs.
Pros and Cons
| PROS | CONS |
| Comprehensive trading conditions | Fixed spread accounts not offered |
| Innovative platforms supported across multiple devices | Islamic Account option not offered |
| Multiple trading tools offered | MetaTrader not offered |
| Multi-regulated | Restricted leverage for some jurisdictions |
| Variety of accounts and options offered |
Features
| Feature | Information |
| Regulation | US SEC & CFTC, ASIC, FCA |
| Minimum deposit from | $0 |
| Average spread from | Variable spreads – not indicated |
| Commissions from | Tiered or fixed – not indicated |
| Deposit/Withdrawal Fees | After the first free withdrawal |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/5 |
Alpari International
Overview
Alpari was founded in 1998 and their main office is based in St Vincent and the Grenadines.
Alpari is an ECN broker which means that they offer Straight Through Processing (STP) of their client’s orders. This means that on these ECN accounts, traders are getting close to the market rate on some pretty low spreads.
Pros and Cons
| PROS | CONS |
| MetaTrader 4 and 5 offered | Fixed spread accounts not offered |
| PAMM Accounts offered | Limited financial instruments offered |
| Superior multilingual customer support | Restriction on traders from some countries |
| Well-regulated |
Features
| Feature | Information |
| Regulation | FSC, FSA |
| Minimum deposit from | $5 |
| Average spread from | 0.4 pips |
| Commissions from | $1.5 per lot per side |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
InstaForex
Overview
InstaForex, as the name suggests, is primarily a Forex broker and this is evident in the outstanding asset selection when it comes to currencies.
Over 100 available currency pairs allow pure Forex traders to properly diversify their portfolios. Over 88 CFDs on US stocks comprise the bulk of non-forex assets while commodities are limited to gold, silver, crude oil, and natural gas.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | EU-clients restricted on leverage |
| MetaTrader 4 and 5 offered | US Clients not allowed |
| Variety of account types offered | |
| Variety of financial instruments | |
| Well-regulated |
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 |
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Frequently Asked Questions
Is forex trading allowed in Equatorial Guinea?
Yes, Forex trading is allowed in Equatorial Guinea.
Which forex brokers are the best in Equatorial Guinea?
The brokers on this list are some of the most well-regulated and reputable forex brokers in Equatorial Guinea.
Do forex brokers in Equatorial Guinea offer demo accounts?
Yes. Most of the forex brokers in Equatorial Guinea offer traders with the option of opening a demo trading account.
Is forex trading in Equatorial Guinea unsafe?
No, that is a misconception. There are those brokers who do scam their clients, but there are also forex brokers in Equatorial Guinea who are very good to trade with.
Is Islamic forex trading available in Equatorial Guinea?
Yes, there are brokers in Equatorial Guinea who offer Islamic forex trading accounts.
Top 4 Brokers
