Forex trading has experienced a surge in popularity throughout the African continent, and traders in Eritrea 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 Eritrea, 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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XM
Overview
XM is an online broker for trading on forex with a strict no re-quotes and no rejections policy. As an internationally regulated and licensed broker, XM has more than 3.5 million clients in over 200 countries with access to trading more than 1,000 instruments.
Traders with XM can choose between the popular MetaTrader 4 or MetaTrader 5 platforms or access the XM WebTrader through their browser. Since its founding in 2009, the broker has picked up over 30+ industry awards.
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 |
FBS
Overview
FBS is an online FX and CFD trading brokerage. The company offers a full line of assets and trade types along with copy trading. Clients can connect with a variety of MT platforms including MT4, MT5, and MT Mobile Trader.
The company charges no commissions on trades and the spreads are tight compared to other brokers. Spreads can be as low as 0.1 to 0.5 pips depending on account type, asset traded, and market conditions.
This broker’s most attractive feature may be the leverage, clients can trade some assets with up to 1:3000 leverage.
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 |
Alpari
Overview
Established in 1998, Alpari is considered one of the largest MetaTrader 4 Forex brokers. In the first half of 2015 Alpari served over one million traders from over 150 countries in the world.
With access to over 50 currency pairs and extensive range of instruments, the broker brings you 3 trading platforms. Alpari is regulated by The Financial Commission (Hong Kong) and CRFIN (Russia).
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, TFC, CRFiN |
| 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 |
FXTM
Overview
The FXTM brand holds licences and authorisations from global regulators such as the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission, the Financial Sector Conduct Authority of South Africa, and the Financial Services Commission of the Republic of Mauritius.
The broker offers the ability to trade on more than 250+ financial CFD instruments covering Currencies, Commodities, Indices, Metals and Stocks from six main account types under two categories called Standard and ECN.
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 |
eToro
Overview
eToro offers traders the opportunity to invest their assets into premade portfolios or cryptocurrencies, like services offered by robo-advisors through traditional brokers.
Though eToro is not a one-stop-shop for everything an investor needs, its easy-to-use platform and low spreads is a fantastic way to enter the Forex market.
Beginners can sign up for an account in as little as 10 minutes and the account verification process is intuitive.
Once you have opened your account, you have access to an easy order placement platform, straightforward commissions, and pricing information, with a bustling social media network that can help you inform your trades.
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 |
RoboForex
Overview
RoboForex LTD is a member of the RoboMarkets/RoboForex Group that also includes RoboMarkets LTD and RoboMarkets LLC.
This group has been in existence since 2009, and the three subsidiaries have experienced a tremendous growth rate over the previous decade. Eight asset classes with over 9,400 assets are available for trading from four platforms.
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 |
OctaFX
Overview
OctaFX is a well-established CFD and Forex broker that has grown over the past few years.
Through a combination of low fees, advanced technology, and efficient customer support, Octa has managed to expand into over 100 countries. They have opened up to 300,000 accounts and achieve $4bn in daily volume.
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 is home to over 1.3 million accounts, over 30 billion in average monthly Forex volume (as of 2019 figures). Forex and commodity trading remains commission-free. Commodities, indices, and equity CFDs are acceptably priced.
With zero requotes and 73.40% of zero or positive slippage, on paper, the statistics suggest an excellent execution environment. Also of note is the company’s excellent research and education offerings.
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 | |
| More than 250 financial instruments | US Clients not allowed |
| 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 |
FxPro
Overview
FxPro was founded in 2006, and it has been more than a decade that this broker has developed and maintained its reputation.
It is offering Contracts for Difference (CFDs) on six asset classes that include Forex trading, shares, spot indices, future markets, metals & energies, and with more than 250 instruments it offers.
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 |
Tickmill
Overview
Tickmill is one of the most trusted trading platforms and forex brokers in the market. It offers trading services such as Forex, Indices, Commodities, Bonds, CFDs on the MetaTrader4 trading platform in more than 80 markets.
Tickmill offers tight spreads, which start from 0.0 pips; these affordable and competitive trading conditions that are offered by this broker imply that variable spreads in VIP and Pro accounts start as low as 0.0 pips for some of the major currency pairs.
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 |
FP Markets
Overview
FP Markets is an award-winning trading destination that focuses on catering to the needs of Australian traders.
Launched in 2005, the brokerage offers a superior selection of instruments, including foreign exchange trading, CFDs, indices, equities, futures, commodities, and cryptocurrency trading.
What sets FP Markets apart from its competitors is the deep understanding of traders’ needs. The broker deploys a combination of great spreads, fast execution speeds, a broad product range, and excellent customer support.
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 |
Trading 212
Overview
Trading 212 is an app-based trading platform that lets you to trade stocks, ETFs, CFDs, forex, commodities, and more, without any commission.
Trading 212 is one of the UK’s most popular trading platforms for new investors. For new investors, the main draw of Trading 212 is the fee-free ISA. Trading 212 is considered a safe platform and is regulated by the Financial Conduct Authority (FCA).
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 |
Pepperstone
Overview
Since opening its doors in 2010, Pepperstone Group has emerged as a top-tier player in the online brokerage landscape, building a highly competitive and full-featured trading portal that focuses on forex, shares, indices, metals, commodities and even cryptocurrencies.
A minimum opening deposit of 200 units in the base currency helps new traders get into the game, underpinned by leverage levels as high as 500:1.
The company is regulated in the U.K. and registered with the Financial Conduct Authority as well as the Australian Securities and Investments Commission.
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 |
easyMarkets
Overview
easyMarkets provides Forex, Commodities, Metals, Indices, Cryptocurrencies, Shares and Vanilla Options and offers a web platform and MT4 along with mobile apps for both these platforms.
easyMarkets offers fixed spread trading. Spreads can be lower for accounts types with a higher minimum deposit, with the lowest on the VIP account (which has fixed EUR/USD spreads of 0.9 pip).
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 |
FX Primus
Overview
FXPrimus is a financial trading broker that offers forex, stocks and commodities on its web and app platforms.
As a global company, FXPrimus is known for its innovative functionality and services. On its central website, it provides all the resources a trader would need, including an education centre with seminars, daily outlook, educational videos, and a regularly updated news blog.
Pros and Cons
| PROS | CONS |
| Commission free accounts | No fixed spread accounts |
| ECN Accounts | No US clients |
| Negative Balance Protection | |
| Segregated accounts | |
| VPS Service |
Features
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | $100 |
| Average spread from | Variable spreads – not indicated |
| Commissions from | $0 – $5 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | None |
| Customer Support | 24/5 |
IQ Option
Overview
IQ Option is a multi-functional trading platform that provides its users with a wide selection of tools for trading.
Initially, IQ Option began its activities as a binary options broker; however, now it allows its customers to trade CFDs on stocks, cryptocurrencies, ETFs, and Forex. Since the beginning of its activity, the company has significantly expanded the range of tools offered.
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 |
IC Markets
Overview
IC Markets is a regulated Forex ECN and CFD broker headquartered in Australia, offering to trade on more than 236+ financial instruments across Forex, Commodities, Indices, Bonds, Cryptocurrency, Stocks and Futures.
This wide variety of assets can be traded on the MetaTrader 4, MetaTrader 5 and cTrader platforms for desktop, web and mobile.
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 |
XTB
Overview
XTB is a leading online FX & CFD (contracts for difference) trading firm based in Europe, offering access to over 2000 instruments from two platforms: its own award-winning xStation 5 and the traditional MT4.
Traders can choose from CFDs on FX, Indices, Cryptocurrencies, Shares, Commodities and ETFs.
XTB is a leading European broker that was founded in 2004 and is one of the largest stock exchange-listed FX & CFD brokers in the world.
Pros and Cons
| PROS | CONS |
| Competitive trading conditions offered | EU Clients restricted to leverage of 1:30 |
| Islamic Account provided as a standalone account | Fixed spreads not offered |
| Negative balance protection offered | US Clients not allowed |
| Strict regulation | |
| Variety of financial instruments |
Features
| Feature | Information |
| Regulation | ACPR, BaFin, CNMV, FCA, IFSC, KNF |
| Minimum deposit from | $250 |
| Average spread from | 0.1 pips |
| Commissions from | $3.50 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
Olymp Trade
Overview
Olymp Trade is a well-known online trading platform, which was established in 2014.It offers many different assets, including fixed time trades, which are a rare trading asset in forex brokers. Olymp Trade also has its own mobile application with more than 50M installations.
Olymp Trade is part of an international organization, the Financial Commission, which regulates that any illegal acts are reimbursed up to $20,000 of real money that is sourced from the Compensation Fund.
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 |
AvaTrade
Overview
A fully regulated broker with a presence in Europe, South Africa, the Middle East, British Virgin Islands, Australia, and Japan, Avatrade deals with forex and CFDs on stocks, commodities, indexes, forex, cryptocurrencies, etc.
This brokerage is headquartered in Dublin, Ireland and began offering its services in 2006. It offers multiple trading platforms and earns through spreads.
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 |
HotForex
Overview
HotForex is a trademark from HFM Europe Ltd, which is an investment firm based in Cyprus and dedicated to providing worldwide brokerage services.
One of the main characteristics of HotForex is that it is a no dealing desk (or NDD), which means it operates directly on the market and not in an operations table.
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 |
HYCM
Overview
As a market-maker broker, HYCM still offers attractive trading conditions, and has a market-execution account for those who prefer commission over wider spreads.
Support for both MT4 and MT5 is offered alongside a comprehensive market education suite that will be beneficial for all traders.
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 |
IronFX
Overview
IronFX, owned by Cyprus-based Notesco Financial Services Limited, has been in operation since 2010. According to its website, IronFX is home to over 1,200,000 traders.
Traders have access to an acceptable asset choice on the favoured MT4 trading platform. Several different trading accounts exist to serve traders of all needs.
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 |
FXCM
Overview
FXCM offers Spread Betting and CFD trading accounts for retail and professional clients to trade on multiple asset classes including Forex, Forex Baskets, Indices, Commodities and Crypto. Users are also offered the Active Trader account for elite pricing and dedicated support.
Users can trade on FXCM’s proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinjaTrader and ZuluTrade.
Pros and Cons
| PROS | CONS |
| Access to AutoChartist and PsyQuation premium | EU clients restricted to 1:30 leverage |
| Client funds kept in segregated accounts | Fixed spread accounts not offered |
| Commission-free trading offered | US Clients not allowed |
| MetaTrader 4 NextGen offered | |
| Well-regulated by reputable regulatory entities |
Features
| Feature | Information |
| Regulation | FCA, ASIC, FSCA |
| Minimum deposit from | $50 |
| Average spread from | 0.2 pips on EUR/USD |
| Commissions from | $0.10 on CFDs |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/5 |
Exness
Overview
Exness offers users the ability to trade on a wide range of asset classes covering Forex and CFDs on Crypto, Metals, Energies, Stocks, and Indices across five core trading accounts.
Professional Accounts are called Raw Spread, Pro and Zero with account leverage of up to 1:2000 on MT4 and unlimited leverage on MT5.
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 |
Admiral Markets
Overview
Admiral Markets is a Forex, CFD and Stockbroker founded in 2001 and regulated by the FCA, ASIC, CySEC and EFSA. The company is a member of the Financial Services Compensation Scheme, offering negative balance protection, segregated accounts and a high level of safety and security of funds.
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 |
Axi
Overview
Axi was originally an Australian trading company, set up in 2007. Over the years the company has expanded, opening a London branch in 2012 and commencing operations in China in 2015.
Predominantly a MetaTrader broker and rebranding from ‘Axi – Axi now specialises in foreign exchange speculative trade, including Bitcoin, indices, metal and commodities.
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 |
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Frequently Asked Questions
Is forex trading allowed in Eritrea?
Yes, forex trading is allowed in Eritrea
Are there forex brokers in Eritrea who are good to trade with?
Yes, there are well-regulated and trustworthy forex brokers in Eritrea who offer advanced and secure conditions and features to help you take your trading to the next level.
Do forex brokers in Eritrea offer demo accounts to beginner trader?
Yes, most of the forex brokers operating in Eritrea offer demo trading accounts that are available to beginner as well as more experienced traders who want to practice trading with Eritrea brokers.
What instruments are available for trading in Eritrea?
The instruments available for trading will largely depend on your choice of broker and includes, but are not limited to Forex, Indices, Stocks, Commodities, Crypto and more.
Is forex trading in Eritrea unsafe?
To say that forex trading in Eritrea is unsafe, is a misconception. There are brokers operating in the country who are well-regulated, trusted and safe to use.
Top 4 Brokers
