27 Best Forex Brokers in Guinea-Bissau

This Best Forex Brokers in Guinea-Bissau review, conducted in South Africa, shows that Forex trading has experienced a surge in popularity throughout the African continent, and traders in Guinea Bissau 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 Guinea Bissau, offering advanced and secure features and conditions that will allow you to take your trading to the next level.

You might also like: BEST FOREX BROKERS IN GUINEA

IQ Option

Overview

IQ Option was first introduced to the binary options traders across the globe back in 2013. Since then, it has gained a considerable amount of popularity by providing a vast range of assets, including CFD, Forex, and a sizeable number of cryptocurrencies.

IQ Option is headquartered in Cyprus and their official website is in several different languages English, Russian, Arabian, German, Turkish, and many more.

IQ Option depends on its own unique software program unlike other websites and goes through frequent developmental updates for making further ameliorations. They endeavour to offer a very user-friendly as well as accurate trading platform for their traders.

Pros and Cons

Features

FBS

Overview

FBS was established in 2009 and is the official trading partner of FC Barcelona. The broker boasts a presence in more than 190 countries with 15 million traders and 410,000 partners.

Users are offered five different trading accounts called Cent, Micro, Standard, Zero Spread and ECN. Each account comes with different features and benefits such as the ability to trade commission-free with floating or fixed spreads or commission based on an ECN account.

Pros and Cons

Features

Olymp Trade

Overview

Olymp Trade is an online broker that was established in the year 2014. Owned by Saledo Global LLC and headquartered in St. Vincent & the Grenadines, this advisory broker is available to users from over 30 countries around the world.

It offers more than 80 instruments including shares, currencies, cryptocurrencies, commodities, and indices. Although this broker is not regulated in Europe and North America, it has been a member of the Financial Commission (FinaCom) since 2016.

Pros and Cons

Features

Exness

Overview

Founded in 2008, the Exness Group holds licences from the United Kingdom Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC).

Exness provides users with the ability to trade across five core trading accounts on a wide range of asset classes covering Forex and CFDs on Crypto, Metals, Energies, Stocks, and Indices.

Pros and Cons

Features

HotForex

Overview

HotForex is one of the most respected forex brokers on the market. They provided service to more than 180 countries across the globe and offers both STP and ECN trading platforms. HotForex is a forex and commodities broker and is the brand name of HFM Group.

HotForex offers an extensive range of over 150 tradable assets to its clients. Traders have numerous markets to participate in with many trading options, including Forex, CFDs, Spot contracts, and Futures contracts.

Pros and Cons

Features

FxPro

Overview

Founded in 2006, FxPro currently has clients in 150 countries and offices in United Kingdom, Cyprus, and Bahamas. FxPro works with over 12 liquidity providers and some of them are well-known banks such as Barclays, Bank of America, RBS, and Emirates NBD.

There are several types of accounts in FxPro. In general, the features of the account vary according to the platform you choose. If you choose Meta Trader 4 platform, you can use both fixed and floating spreads.  Also, EAs (expert advisors) are supported in these account types.

Pros and Cons

Features

eToro

Overview

eToro is a social trading platform that offers users access to assets, including cryptocurrencies, stocks, and commodities.

The platform is a multi-asset trading platform that manages a network for copy-trading, which allows traders to see and copy other traders’ strategies, whether these are shares, indices, or digital currencies.

Pros and Cons

Features

FP Markets

Overview

Founded in 2005, FP Markets serves clients in more than 80 countries and executes transactions valued at over $1 billion daily. FP Markets offers more than 10,000 tradable products, competitive spreads, and lightning-fast execution on your trades.

It is approved by top regulatory bodies including the Australian Securities and Investment Commission and Cyprus Securities and Exchange Commission. FP Markets has won over 35 awards.

Pros and Cons

Features

Tickmill

Overview

Founded in 2014, the Seychelles-based broker is a member of Tickmill Group. The Group operates in more than 200 countries across the UK, Europe, Asia and Africa. Tickmill is regulated by several top-tier authorities, including the FCA in the United Kingdom.

Tickmill is a trusted global retail broker for forex and CFDs trading. It is an excellent choice for new and intermediate traders because its product offering is simple, and its spreads and non-trading fees are seriously low.

Tickmill also offers very competitively commission-based pricing for professionals through its Pro and VIP accounts.

Pros and Cons

Features

XM

Overview

XM is an online broker and trading website that allows clients to trade a range of assets. Founded in 2009, XM group provides traders with the full MetaTrader platform suite by MetaQuotes Software Corporation.

XM Group has evolved into an online multi-asset broker offering 57 currency pairs and 1000 CFDs. Five CFDs on cryptocurrencies are also offered covering Bitcoin, Dash, Ethereum, Litecoin and Ripple.

Pros and Cons

Features

Pepperstone

Overview

Pepperstone is a multi-regulated CFD broker offering ECN trading on Forex, indices, commodities, and shares. The broker is popular for its wide trading platform selection including cTrader, MT4 and MT5 and highly industry competitive trading conditions.

As such, the cTrader platform, in addition to the MT4 & MT5 choice, combined with remarkably tight spreads (EURUSD – 0.09 pips) on the Razor account, is perfectly suited for the professional or serious amateur trader.

Pros and Cons

Features

BDSwiss

Overview

BDSwiss is one of the largest European Forex and CFD brokers; it is operated by BDSwiss Holding PLC, registered in Cyprus. The company meets most modern standards and offers quality services for traders of all levels.

BDSwiss offers trading in 171 underlying assets from four major categories: stocks, currencies, indexes, and commodities. It is also worth noting that there are six types of option contracts available for trading.

Pros and Cons

Features

Vantage FX

Overview

Vantage FX is part of the Vantage Group of companies. The company has been active in the Forex market since 2009. This broker primarily caters to retail traders.

They offer over 180 assets from the MT4 or MT5 trading platforms with a maximum leverage of 1:500. The minimum deposit at Vantage FX is $200.

Pros and Cons

Features

IronFX

Overview

IronFX was established in 2010 and it is regulated by 4 different jurisdictions such as FCA (UK), CySEC (Cyprus Securities Exchange Commission), FSB (South Africa) and ASIC (Australia).

IronFX offers a wide range of CFDs trading on Shares, Futures, Spot Indices, Metals, Commodities and Cryptocurrencies. Furthermore, IronFX serves clients in 30+ languages from more than 180 countries globally.

Pros and Cons

Features

HYCM

Overview

HYCM is part of the Henyep Group, an international conglomerate with business in financial services, property, education, and charity spanning 20 countries across 3 continents.

Henyep Capital Markets (HYCM) is an FCA and CySEC-regulated market leader in providing online FX and CFD trading to retail and institutional investors.

With a 40-year operational history and a strong focus on client satisfaction and technical development, HYCM is the online broker of choice for investors of all experience levels.

Pros and Cons

Features

easyMarkets

Overview

easyMarkets is a platform which allows users to trade CFDs on commodities, forex, shares, indices, and cryptocurrency. The company is regulated by CySEC and ASIC which means it is a safe choice for CFD and forex trading.

easyMarkets offers users a choice of two platforms: its own proprietary platform, which is web based (HTML5) and MetaTrader 4 (MT4).

Pros and Cons

Features

AvaTrade

Overview

AvaTrade offers a variety of platforms for automated and social copy trading. It provides forex options, in addition to CFDs, cryptocurrency includes, across multiple markets via its entities regulated in financial hubs.

The broker has assets in FX, CFDs, FX Options, and Spread Betting. It also offers a variety of account types, such as AvaTrade Retail Account, AvaTrade Professional Account, AvaTrade Options Account, and AvaTrade Spread Betting Account.

Pros and Cons

Features

FXTM

Overview

FXTM is a well-established name in the world of Forex trading with respect for different cultures and preferred methods of trading.

With an extremely efficient platform and several trading requirements met, they are licensed and regulated by both CySEC (Cyprus) and the FSB (South Africa).

They offer several benefits to their clients and cater for the whole spectrum of experience and knowledge from beginners to high-value investors.

Pros and Cons

Features

OctaFX

Overview

OctaFX offers an ECN account for as low as a $5 initial deposit, making it one of the very few brokers to offer this. This low initial deposit of $5 will qualify you for either the MT4 Micro account or the cTrader ECN account.

It offers competitive fees, low spreads, advanced technology and all on a global scale.

The firm also offers one of the most responsive and knowledgeable customer support teams and an informative and clear educational section. The copy trading section also gives them an added step up.

Pros and Cons

Features

IC Markets

Overview

IC Markets is a broker that can provide very low spreads, with a competitive commission charge as low as $3.5 per lot per side on MT4 and MT5, with no dealing desk intervention and no requotes.

This is an ECN broker where all trading styles are welcome, and which offer support for news traders, high frequency traders, automated traders, scalpers, and high-volume traders.

Pros and Cons

Features

NordFX

Overview

NordFX is an offshore broker that was founded in 2008. It has many offices globally. It is operated by NFX Capital Vanuatu inclusive which is registered offshore in Vanuatu and regulated by CySEC in Cyprus.

The broker offers leverage of 1:100 allowing traders to trade using high numbers with lesser cost. There are several types of accounts with varying pips from o pip to 2 pips. It does not offer any commissions on all its accounts and offers floating and fixed spread depending on the accounts.

Pros and Cons

Features

Admiral Markets

Overview

Founded in 2001, Admiral Markets has welcomed more than 24,000 active traders to the platform. Admiral Markets offers a competitive range of asset classes with acceptable variety within each. Some asset classes offer both single shares and CFDs.

Pros and Cons

Features

Trading 212

Overview

Trading 212 is a London based fintech company, founded in 2004 under its Bulgarian based entity, Avus Capital. The firm aims to democratize the financial market through its free, smart, and easy to use apps, and in 2017 the firm launched the UK’s first zero commission trading platform.

Trading 212 offers a good range of trading platforms which include: a mobile app for Google Play, IOS, and WebTrader.

Pros and Cons

Features

FX Primus

Overview

FXPrimus is considered one of a handful of brokers that has managed to create an extremely high standard for transparency, operating efficiency, security, and safety.

When combined with world-class liquidity providers, the company’s STP is extremely difficult to match within the industry. STP, when it comes to high volumes, will allow for EA’s, hedging, scalping, and other trading strategies to flourish with no re-quotes or slippage.

Pros and Cons

Features

Forex.com

Overview

Forex.com gives clients access to well over 200 global markets, which includes over 80 major and minor currency pairs, a range of indices, and shares.

These instruments can be traded on several platform options. This includes a proprietary trading platform developed in-house, a web-trader platform, mobile apps, and the classic MetaTrader 4 trading platform.

Their proprietary Forex.com trading platform is a real standout and offers a powerful, fully customisable trading environment.

Pros and Cons

Features

You might also like: BEST FOREX BROKERS IN GHANA

FAQ

What is forex trading?

Foreign Exchange, or Forex, trading involves the buying or selling of currencies on the forex market, which is the largest financial market in the world.

Which forex brokers are the best in Guinea Bissau?

The brokers provided on the list above are some of the most reputable and well-regulated brokers in the industry who offer forex trading for residents of Guinea Bissau

Can beginners trade in forex?

Yes. Anyone can start trading forex by starting with the basics, which involves basic education into what forex is, how it works, and several other topics.

Do these forex brokers offer demo accounts?

Yes. Most of these brokers offer traders with the option of registering a demo account.

Are these forex brokers regulated and safe to use?

Yes, these forex brokers are well-regulated by reputable regulatory entities, therefore, client fund safety is assured when dealing with these brokers.