Traders from all over the world are starting to trade in the forex market now more than ever. Whether as a hobby or to secure an additional income, African traders are making their presence known in the forex market. Traders from Malawi may regard the process involved with selecting a broker as tedious or intimidating, however, using the 5 Best Forex Brokers in Malawi stated below, traders can quickly identify a broker that will cater to their unique trading goals and objectives.
In this in-depth write-up you will learn:
- The 5 Best Forex Brokers in Malawi.
- Overview of Forex Trading in Malawi.
- A List of Stock Brokers in Malawi.
- The Best Forex Trading App in Malawi.
- How to Become one of the most Successful Forex Traders in Malawi.
and much, MUCH more.
5 Best Forex Brokers in Malawi in 2025
| 🔎 Brokers | 🚀Open an Account | 🤝 Accepts Malawi traders | 💶 Min. Deposit (LYD) |
| 🥇Pepperstone | Open Account | Yes | $0 (0 MWK) |
| 🥈IC Markets | Open Account | Yes | $200 (approximately 345982,40 MWK) |
| 🥉 Exness | Open Account | Yes | $10 (approximately 17299,12 MWK) |
| 🎖️FP Markets | Open Account | Yes | $100 (approximately 172991,20 MWK) |
| 🏅XM | Open Account | Yes | $5 (approximately 8649,56 MWK) |
Malawian Kwacha (MWK) – Definition
The Malawian Kwacha (MWK) functions as the nationally approved tender of Malawi while undergoing supervision by the Reserve Bank of Malawi. It is subdivided into 100 tambala. The financial mark for Malawian Kwacha stands as MK and its international currency code runs as MWK. The 1971 Kwacha introduction came to replace the Malawian pound through an exchange rate of two Kwacha equaled one Pound. The Malawian Kwacha functions as the main currency within the country although its value modifies according to the economic state of Malawi in addition to inflation and external exchange rates.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
5 Best Forex Brokers in Malawi (2025)
- ☑️ Pepperstone – Low Minimum MWK Deposit.
- ☑️ IC Markets – Provides tight spreads.
- ☑️ Exness – Best Overall Offering.
- ☑️ FP Markets – Known for User-friendly trading.
- ☑️ XM – Best Forex Broker for Beginners.
Pepperstone
Pepperstone operates as a worldwide forex and CFD broker that delivers minimal spreads combined with rapid execution and ASIC together with FCA and CySEC regulation that secures trading platforms for Malawian clients. The trading platforms MT4, MT5, cTrader, and TradingView are available to traders who make a minimum deposit starting from zero dollars but will need $200 to start for optimal results. Raw Spread accounts let traders access spreads starting from 0.0 pips while using leverage up to 1:400. The broker allows access to multiple trading instruments such as forex and indices and commodities cryptocurrencies and stocks through their platform. Users can transfer and withdraw funds from their accounts through three options bank transfers, e-wallets, and cards but the range of options depends on their location. Malawian traders who seek competitive trading conditions should choose Pepperstone because this fully staffed broker operates around the clock.
Features
| Company Information | |
| 📅Year Founded | 2010 |
| 🧑🏻💻Amount of staff | Over 500 |
| 👩💻Amount of active traders | Over 200,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FCA (UK), ASIC (Australia) |
| 🌎Country of regulation | UK, Australia |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, through regulatory bodies |
| Account Types and Features | |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | 8 |
| 💰Minimum Deposit | $0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | No |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | Variable, based on account type and trading volume |
| 💱Number of base currencies supported | 7 |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 500:1 |
| 📏Margin requirements | Variable based on asset and leverage |
| ☪️Islamic account (swap-free) | Yes, |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 30-60 milliseconds |
| 📆VPS Hosting | Yes, for clients who meet the criteria |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1200 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| 💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | TradingView, Autochartist, Myfxbook |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | support@pepperstone.com |
| 📞Customer Support Contact Number | +44 (0) 203 695 5811 |
| 👾Social media Platforms | Facebook, Twitter, LinkedIn, |
| 🗣️Languages supported on Website | English, Chinese, Arabic, German, Spanish, Portuguese, Italian |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Trading guides, eBooks, market analysis |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly disclosed |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | No |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD, GBP/USD | 0.0 pips | 0.6 pips | 1.2 pips |
| ➡️Indices | S&P 500, NASDAQ | 0.4 points | 1.0 points | 1.5 points |
| 🪙Commodities | Gold, Oil | 0.03 | 0.10 | 0.20 |
| 💰Cryptocurrencies | Bitcoin, Ethereum | 0.01% | 0.10% | 0.20% |
| 📜Stocks | Tesla, Apple | 0.1 pips | 0.3 pips | 0.5 pips |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Competitive Spreads | Limited Asset Selection |
| Multiple Trading Platforms | Higher Minimum Deposit for Raw Account |
| Fast Order Execution | Commissions on Raw Account |
| South African Support | Educational more towards a global audience |
Our Findings
The trading community in Malawi shows increasing interest in Pepperstone because of its beneficial spreads together with quick execution and dependable customer service support. Pepperstone provides a wide range of trading tools together with educational resources which makes the platform suitable for practitioners at different experience levels.
Does Pepperstone support mobile money in Malawi?
No, mobile money (M-Pesa, Airtel Money) is not available, but bank transfers, credit/debit cards, Skrill, and Neteller are supported.
Is Pepperstone available for traders in Malawi?
Yes, Pepperstone accepts traders from Malawi, offering Forex, Indices, Commodities, Cryptos, and Stocks.
IC Markets
IC Markets stands as a reputable forex broker that provides low spreads along with fast trading execution throughout multiple products including Forex and CFDs on stocks and indices and commodities and cryptocurrencies at maximum leverage ratios of 1:500. The trading platform provides secure trading services to Malawian traders because of its regulator status with ASIC, CySEC, and FSA. The broker presents its clients with trading solutions based on MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader which serve both new and experienced traders. Malawian traders can select between bank transfers, e-wallets, and cryptocurrency payments to start trading with JPYSIRIS after meeting the requirement of a $200 account minimum. IC Markets delivers instant order completion and tight spreads starting from zero pips in its Raw Spread accounts which suits high-frequency traders and scalpers. The broker maintains constant customer assistance and provides educational resources to help traders enhance their abilities.
Features
| 🔎Broker | IC Markets |
| Company Information | |
| 📅Year Founded | 2007 |
| 🧑🏻💻Amount of staff | Over 200 |
| 👩💻Amount of active traders | Over 180,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
| 🌎Country of regulation | Australia, Cyprus, Seychelles |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, through regulatory bodies |
| Account Types and Features | |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD |
| 💰Minimum Deposit | $200 / 345982,40 MWK |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-2 business days |
| 🪙Fund Withdrawal Fee | None for most methods |
| 📊Spreads from | 0.0 pips on Raw Spread accounts |
| 💸Commissions | $3.50 per lot per side on Raw Spread accounts |
| 💱Number of base currencies supported | 10 |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 500:1 |
| 📏Margin requirements | Variable based on asset and leverage |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Average 40 milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 2300 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
| 💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Markets WebTrader |
| 👩💻OS Compatibility | Web-based (All major browsers), Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Autochartist, Trading Central, ZuluTrade, Myfxbook, Advanced charting tools |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@icmarkets.com |
| 📞Customer Support Contact Number | +61 2 8014 4280 |
| 👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| 🗣️Languages supported on Website | English, Chinese, Spanish, Italian, French, more |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Video tutorials, Articles, Webinars, Market analysis |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly disclosed |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | No |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.0 | 0.1 | 0.5 |
| ➡️Indices | S&P 500 | 0.0 | 0.5 | 1.2 |
| 🪙Commodities | Gold (XAU/USD) | 0.0 | 1.0 | 2.5 |
| 💲Cryptocurrencies | Bitcoin (BTC/USD) | 0.0 | 30.0 | 100.0 |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Offers tight spreads and low commissions | Only offers variable spreads |
| High-speed trade execution | Not as robust in educational content |
| Overseen by reputable financial authorities | Lacks promotional offers |
Our Findings
Local traders choose IC Markets because the platform provides low spreads together with fast trading execution and advanced platforms including MetaTrader. Malawi traders value IC Markets due to its worldwide recognition together with its official regulatory framework and extensive instruments selection for dependable trading.
Does IC Markets support deposits and withdrawals in Malawi local currency (MWK)?
No, IC Markets does not directly support MWK deposits. However, traders can deposit in USD, ZAR, or other major currencies, and their funds will be converted accordingly.
What leverage does IC Markets offer for Malawi traders?
IC Markets offers leverage up to 1:500, depending on the account type and the asset being traded. Traders should be cautious with high leverage, as it increases both potential profits and risks.
Exness
Exness functions as an established forex broker that provides safe trading conditions to Malawi traders under the supervision of FCA CySEC and FSCA regulations. Standard accounts at Exness require minimum deposits starting from $1 while the trading flexibility comes from its 1:Unlimited leverage system. Trading accounts at Exness give users access to forex, stocks, indices, commodities, and cryptocurrencies through MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Raw Spread accounts provide spreads starting at 0.0 pips. All transactions-driven withdrawals and deposits through bank transfers e-wallets and crypto payments require no additional fees. Exness stands as a preferred option for Malawian traders because it delivers dependable forex trading service with affordable fees and immediate multilingual customer assistance monitoring throughout every day.
Features
| 🔎Broker | Exness |
| Company Information | |
| 📅Year Founded | 2008 |
| 🧑🏻💻Amount of staff | Over 2,100 |
| 👩💻Amount of active traders | Over 320,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 🌎Country of regulation | Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | EUR/USD & USD/JPY |
| 💰Minimum Deposit | $10/17299,12 MWK |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.3 pips |
| 💸Commissions | Varies by account type, often commission-free |
| 💱Number of base currencies supported | +40 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:2000 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 200 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
| 💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | support@exness.com |
| 📞Customer Support Contact Number | +35725030959 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 15 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 64 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
| 🪙Rebate program | Yes |
| 👉Open Account | Open Account |
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Asset Classes
| 📊Asset Class | 📈Spread Type | ⚖️Typical Spread | 🔎Raw Spread Commission |
| 💱Forex (EUR/ZAR) | Standard/Raw Spread | Variable (from 0.9 pips) | N/A |
| ➡️CFD Indices (S&P 500) | Standard/Raw Spread | Variable (from 1.0 pip) | N/A |
| 📜CFD Stocks (Apple) | Variable (from 0.03 USD) | N/A | |
| 🪙CFD Commodities (Gold) | Variable (from $3.2) | N/A | |
| 💵CFD Cryptocurrencies (Bitcoin) | Variable (from 25 USD) | Commission-based |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Highly Regulated | Limited Local Support |
| Competitive Trading Conditions | High Leverage Risks |
| Low Minimum Deposit | Complex Fee Structure |
| Variety of Trading Instruments | Withdrawal Fees |
| Educational Resources | Platform Limitations |
| Local Currency Accounts | Customer Service Variability |
| Demo Accounts | Regional Variations in Service |
| VPS Hosting Available | Potential Over-Reliance on Automation |
Our Findings
Malawi traders consider Exness as their preferred broker because of its minimal spreads combined with flexible leverage capabilities and dependable customer support. The trading platform of Exness offers multiple accounts and educational material in a reliable system that supports efficient trading for its local investors.
Does Exness support mobile money in Malawi?
Yes, Exness allows mobile money deposits and withdrawals, including M-Pesa, e-wallets, and bank transfers, ensuring fast transactions.
What leverage does Exness offer in Malawi?
Exness provides high leverage up to 1:2000+, allowing traders to maximize their positions.
FP Markets
FP Markets launched its business operations in 2005 as an internationally known broker delivering multiple trading instruments through various platforms. The international regulations protecting FP Markets clients include ASIC of Australia and CySEC of Cyprus along with the FSCA from South Africa despite the broker not having a particular regulatory license for Malawi. Because of its multiple international regulations clients worldwide can trade in a secure and dependable environment. The platforms MT4, MT5, cTrader, and TradingView enable Malawian traders to trade more than 10,000 different instruments. Users at these trading platforms can take advantage of sophisticated charting features alongside automated trading abilities and technical analysis tools that work for expert and beginner investors.
Features
| Company Information | |
| 📅Year Founded | 2005 |
| 🧑🏻💻Amount of staff | 274 |
| 👩💻Amount of active traders | Over 200,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
| 🌎Country of regulation | Australia, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw ECN, and VIP accounts available |
| 💳Institutional Accounts | Yes, tailored solutions for institutional clients |
| 👨💼Managed Accounts | Yes, offered through third-party managed account services |
| 📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
| 💰Minimum Deposit | $100 / 172991,20 MWK |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
| 🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
| 📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
| 💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
| 💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
| 🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
| 📈Leverage | Up to 1:500 depending on the account type and instrument |
| 📏Margin requirements | typically 0.2% - 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
| 🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
| ⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
| 📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
| 💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView |
| 👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes, available 24/7 |
| 📱Customer Support email address | support@fpmarkets.com |
| 📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 100,000 affiliates |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | Open Account |
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.0 pips (Raw) | 0.8 pips | 1.2+ pips |
| ➡️Indices | S&P 500 | 0.3 points | 0.6 points | 1.0+ points |
| 📜Stocks | Apple (AAPL) | 0.02 USD | 0.05 USD | 0.10+ USD |
| 🛢️Commodities | Gold (XAU/USD) | 0.1 pips | 0.2 pips | 0.5+ pips |
| 💰Cryptocurrencies | Bitcoin (BTC/USD) | 12.0 pips | 25.0 pips | 40.0+ pips |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great Educational tools | Limited portfolio |
| Great Customer Service | Web Platform needs to be updated a bit |
| Large Product offering | High fee for international bank withdrawal |
Our Findings
Traders from Malawi value FP Markets because of its low spread costs extensive account options and reliable support services. Local traders should consider FP Markets because it provides both solid regulatory compliance and quick withdrawal services together with online educational content.
Can traders in Malawi open an FP Markets account?
Yes, FP Markets accepts traders from Malawi, allowing them to trade forex, stocks, indices, commodities, and cryptocurrencies.
What is the minimum deposit for FP Markets in Malawi?
The minimum deposit is $100 (172991,20 MWK) for a Standard or Raw account.
XM
Traders in Malawi select XM as their platform of choice because of its intuitive system along with many fund management choices and excellent market rates. XM provides exceptional customer assistance and learning resources to traders of all levels enabling both novices and experts to benefit from their platform. The platform provides Malawian traders with multiple trading capabilities that include Forex CFDs and cryptocurrencies to help them expand their investment options. Traders in Malawi find XM appealing because it has strong regulatory compliance combined with protected deposit and withdrawal functionalities which establish it as a trustworthy platform for comprehensive trading opportunities.
Features
| Broker | 🥇XM |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | Over 900 |
| 👩💻Amount of active traders | Over 10 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CySEC, ASIC, IFSC, FSCA |
| 🌎Country of regulation | Cyprus (CySEC) |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes (for European clients under CySEC regulation) |
| 🔋Investor Protection Schemes | FSCS (up to £85,000) for UK clients under XM UK (regulated by FCA) |
| Account Types and Features | |
| ➕Accounts | Micro, Standard, XM Zero (all come in MT4 & MT5 versions) |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | USD, EUR, GBP, JPY, etc. |
| 💰Minimum Deposit | From $5 USD/8649,56 MWK |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1 business day (may vary) |
| 🪙Fund Withdrawal Fee | $0 |
| 📊Spreads from | 0 pips |
| 💸Commissions | No commission on trades (except for stock CFDs) |
| 💱Number of base currencies supported | More than 10 (USD, EUR, GBP, AUD, etc.) |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:30 |
| 📏Margin requirements | As low as 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Ultra-fast (average under 1 second) |
| 📆VPS Hosting | Not offered |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000+ |
| 🗠CFD Stock Indices | Major global indices (e.g., S&P 500, FTSE 100) |
| ⚖️CFD Commodities | Popular commodities (e.g., gold, oil, natural gas) |
| 📜CFD Shares | Yes, Shares of listed companies (exact number depends on regulations) |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.), regional options |
| 💵Withdrawal Options | Credit/debit cards (limited to amount deposited with them), bank transfers, electronic wallets (subject to original deposit method), regional options |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4 (MetaTrader 4), MT5 (MetaTrader 5), XM WebTrader |
| 👩💻OS Compatibility | Windows, Mac, Android, iOS |
| 🖥️Forex trading tools | Technical indicators Market analysis tools Auto trading (Expert Advisors - MT4 only) Algorithmic trading (limited - MT5 only) Trading calculators Economic calendar Sentiment analysis (limited) |
| Customer Support | |
| 🗣️Live chat availability | Yes, 24/5 |
| 📱Customer Support email address | support@xm.com |
| 📞Customer Support Contact Number | 35725029933 |
| 👾Social media Platforms | Facebook, Twitter, YouTube |
| 🗣️Languages supported on Website | English, Malay, Chinese (Simplified & Traditional), Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish |
| Educational Resources and Support | |
| 🖺Forex course | Yes, XM offers a forex course for beginners. |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes, XM provides a library of educational resources including articles, videos, and glossaries. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly advertised |
| 📋IB Program | Not offered |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
| 🪙Rebate program | May offer occasional rebate promotions, check their website for current offers |
| 👉Open Account | Open Account |
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.1 pips | 0.3 pips | 1.0 pips |
| 🪙Commodities | Gold (XAU/USD) | $0.20 | $0.50 | $2.00 |
| ➡️Equity Indices | US 30 (Dow Jones) | 0.5 pts | 1.0 pts | 3.0 pts |
| 📜Stocks | Apple (AAPL.US) | $0.01 | $0.02 | $0.05 |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great Educational tools | Limited product portfolio |
| Easy and fast account opening | Inactivity fee after 90 days |
| No withdrawal fees | Only average Forex fees |
Our Findings
Local traders in Malawi prefer XM because it combines three essential factors through its dependable structure with competitive spreads along with educational platforms. XM attracts Malawi, traders, as a result of its multiple accounts and withdrawal security functions combined with robust customer service and widespread popularity in the local market.
Does XM.com have Volatility 75 trading?
No. XM.com does not have Volatility 75 trading.
Does XM.com have Nasdaq?
Yes, Nasdaq is offered as cash and futures CFDs.
Conclusion
Malawi traders must evaluate four key aspects when choosing their forex broker: regulatory compliance, trading conditions, platform functionality, and costs together with support services. Traders in Malawi should choose brokers that are regulated by the FCA (UK) or ASIC (Australia), CySEC (Cyprus), or FSCA (South Africa) because these entities offer the highest level of fund protection and security. IC Markets and Pepperstone along with XM, Exness, and FP Markets provide traders with access to competitive trading conditions and low spreads via different account options that match both novice and advanced trading levels. The trading platforms of MetaTrader 4, MetaTrader 5, and cTrader bring advanced tools to ensure smooth trading operations. Malawian traders need to inspect deposit and withdrawal frameworks along with account entry barriers and nearby payment systems when selecting their broker. Every trader should open a demo account first to evaluate their future platform and trade conditions before they move on to potential real-money trading operations. The selection of a broker that matches goals as well as provides powerful regulatory oversight enables Malawian traders to operate in the forex market with assurance.
Frequently Asked Questions
Is forex trading in Malawi safe?
The digitization of financial trading in Malawi has opened the door for scammers who defraud unsuspecting forex traders; however, forex trading is safe as long as traders make use of well-regulated forex brokers in Malawi when opening a trading account.
Can Muslim traders in Malawi open a forex trading account?
Muslim traders are allowed to open trading accounts with forex brokers in Malawi who offer Islamic trading accounts, also known as swap-free accounts.
Is forex trading legal in Malawi?
Yes, forex trading is legal in Malawi.
Do forex brokers in Malawi offer demo accounts?
Yes. Most of these Malawi forex brokers offer a demo account that can be used in a variety of ways. Traders can either practice trading, test out their strategies, or use the account the explore the broker’s offer in a risk-free environment.
Why must traders in Malawi choose regulated brokers?
Client fund security is one of the main reasons, amidst others, why traders must make use of regulated brokers.
Top 4 Brokers
