This 5 Best Forex Brokers in Mali review conducted in South Africa shows that as the eighth largest country in Africa, Mali has a population of 19.1 million inhabitants. Around 67% of this population consists of young people under the age of 25. In recent years, the forex market has experienced an influx of traders, especially young traders, otherwise more commonly known as ‘Millennials’ or ‘Generation Y’ or ‘Gen Y’, who take it upon themselves to establish their place in the financial world by exploring the options to establish wealth online. Traders in Mali can consult the list provided below to view some of the best forex brokers that offer their services to traders in the country.
In this in-depth write-up you will learn:
- The 5 Best Forex Brokers in Mali.
- Overview of Forex Trading in Mali.
- A List of Stock Brokers in Mali.
- The Best Forex Trading App in Mali.
- How to Become one of the most Successful Forex Traders in Mali.
and much, MUCH more.
5 Best Forex Brokers in Mali in 2025
| 🔎 Brokers | 🚀Open an Account | 🤝 Accepts Mali traders | 💶 Min. Deposit (LYD) |
| 🥇 Interactive Brokers | Open Account | Yes | $0 (approximately 0 XOF) |
| 🥈XTB | Open Account | Yes | $100 (approximately 62718,50 XOF) |
| 🥉Pepperstone | Open Account | Yes | $0 (0 XOF) |
| 🎖️IC Markets | Open Account | Yes | $200 (approximately 125436,99 XOF) |
| 🏅Oanda | Open Account | Yes | $5 (approximately 3135,92 XOF) |
Mali West African CFA franc (XOF) – Definition
The currency of Mali is the West African CFA franc (XOF). It is shared with seven other West African countries and is issued by the Central Bank of West African States (BCEAO).
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
5 Best Forex Brokers in Mali (2025)
- ☑️ Interactive Brokers – Best Overall Offering.
- ☑️ XTB – Provides commission-free stocks.
- ☑️ Pepperstone – Low Minimum CFA Deposit.
- ☑️ IC Markets – Provides tight spreads.
- ☑️ Oanda – Known for User-friendly trading.
Interactive Brokers
The global brokerage firm Interactive Brokers provides electronic trading platforms worldwide to investors in Mali and other international clients. The brokerage firm enables customers to access multiple markets where they can trade stocks, options, futures, forex, bonds, and ETFs. Malian traders gain access to Interactive Brokers’ platform by opening accounts which provides them with its diverse trading tools along with its cost-effective structures. Novice traders should be aware that Interactive Brokers focuses on professionals through its platform which comes with complex tools that create difficulty for new users to learn. Novice traders in Mali should first start with simpler trading platforms because Interactive Brokers offers advanced services that may require a learning curve.
Features
| Company Information | |
| 📅Year Founded | 1977 |
| 🧑🏻💻Amount of staff | 2,950+ |
| 👩💻Amount of active traders | 2.1 mil |
| 🌐Publicly Traded (Listed Company) | Yes (Ticker Symbol: IBKR) |
| Regulation and Security | |
| 🛡️Regulation | CFTC, NFA, IIROC, FCA, CBI, ASIC, SFC, MNB, CSSF, FSCA |
| 🌎Country of regulation | United States, Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA) - Canada: Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Not offered |
| 🔋Investor Protection Schemes | US: SIPC (Securities Investor Protection Corporation) offers limited protection for cash and securities in case of brokerage failure (up to $500,000, including $250,000 for cash claims). - Canada: CIPF (Canadian Investor Protection Fund) offers similar protection (up to $1 million). - Coverage may vary depending on account type and country. |
| Account Types and Features | |
| ➕Accounts | Individual, Joint, Trust, IRA and UGMA/UTMA Accounts, Non-Professional Advisor Accounts, Family Office Accounts, Small Business Accounts, Advisor Accounts |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, SAR, SEK, SGD, TRY, ZAR and KRW |
| 💰Minimum Deposit | From $0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Bank Wire Transfer and PayPal. Bank Wire Transfer US Automated Clearing House (ACH) Transfer Initiated at Interactive Brokers Cheques Direct Debit/Electronic Money Transfer Canadian Electronic Funds Transfer, or EFT Single Euro Payment Area (SEPA) BACS/GIRO/ACH |
| 🪙Fund Withdrawal Fee | Generally free, but may apply for certain methods or inactive accounts |
| 📊Spreads from | From 0.1 pips DMA |
| 💸Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 💱Number of base currencies supported | Over 20 base currencies supported |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | 1:5 to 1:400 (ASIC Regulations) |
| 📏Margin requirements | From 0.5% for forex, 5% for shares and margin factor for indices |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically fast (seconds) |
| 📆VPS Hosting | Not offered |
| Trading Instruments | |
| 🧾CFDs-Total Offered | IBKR offers CFD trading on around 5,200 markets including 100 forex pairs, 20 commodities, 13 indices, and thousands of international stocks. |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Wire Transfer and PayPal. |
| 💵Withdrawal Options | Bank Wire Transfer US Automated Clearing House (ACH) Transfer Initiated at Interactive Brokers Cheques Direct Debit/Electronic Money Transfer Canadian Electronic Funds Transfer, or EFT Single Euro Payment Area (SEPA) BACS/GIRO/ACH |
| Trading Platforms and Tools | |
| 💻Trading Platforms | Interactive Brokers’ Client Portal Desktop TWS IBKR Mobile IBot IBKR WebTrader (Only for IBKR Pro Accounts) IBKR APIs (Only for IBKR Pro Accounts) |
| 👩💻OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| 🖥️Forex trading tools | Advanced Charts: A range of technical indicators and drawing tools for in-depth market analysis. * Market News & Analysis: Stay informed with breaking news and expert analysis from IG on various markets. * Economic Calendar: Track key economic data releases that can impact forex markets. * Risk Management Tools: Stop-loss and take-profit orders to help manage your risk exposure. |
| Customer Support | |
| 🗣️Live chat availability | Yes, for existing customers through the Help & Support Hub on the IG desktop or mobile trading platform. |
| 📱Customer Support email address | Not supported |
| 📞Customer Support Contact Number | 010 500 8624 |
| 👾Social media Platforms | |
| 🗣️Languages supported on Website | English, French, German, Spanish, Italian, Russian, Simplified and Traditional Chinese, Japanese |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes, Interactive Brokers offers free trader webinars through Traders' University on a variety of topics including using their platforms, specific products (like options), and general market information. Live and recorded webinars are available. |
| 📚Educational Resources | Yes, A wide range of educational resources are available through Traders' Academy including: * Featured video courses (e.g. TWS for Beginners, Introduction to Stocks) * Users' guides * Cheat sheets * QuickStart guides * FAQs * Articles and other content These resources can help you learn about the financial markets, Interactive Brokers' platform, and different investment products. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes, Interactive Brokers offers two affiliate programs: Influencer Program and CPC Publisher Program. |
| 👨🏫Amount of partners | Not publicly advertised |
| 📋IB Program | Yes, Interactive Brokers offers a program for introducing brokers called "Introducing Brokers". This program allows other brokers to leverage Interactive Brokers' platform for their clients. |
| 🏃♂️➡️Do they sponsor any notable events or teams? | There is no publicly available information about Interactive Brokers sponsoring notable events or teams. |
| 🪙Rebate program | Interactive Brokers does not offer a traditional rebate program. However, they do offer commission-free trading for stocks and ETFs. |
| 👉Open Account | Open Account |
Min Deposit
USD 0
Regulators
CFTC, NFA, IIROC, FCA, CBI, ASIC, SFC, MNB, CSSF
Trading Platform
Proprietary Platforms
Crypto
Yes
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.5 pips | 1.0 pips | 2.0 pips |
| 📱Stock CFDs | Apple (US) | 0.02% | 0.05% | 0.10% |
Pros and Cons
| ✅ Pros | ❌Cons |
| Low trading cost | Pro users incur an account maintenance fee if multiple trades are not made |
| Invest globally in a multitude of products via a single account | Not everyone is eligible to open an IBKR Lite account |
| No minimum balance required | |
| Tools to bring your trading to the next level |
Our Findings
As a regulated brokerage Interactive Brokers distinguishes itself through its minimal trading costs together with its wide trading possibilities and sophisticated trading platform features. The brokerage provides a powerful trading system that allows clients to access favorable financing rates and explores a wide selection of investment options through its challenging platform design.
Does Interactive Brokers support deposits and withdrawals in West African CFA francs (XOF)?
No, Interactive Brokers does not support XOF directly. Traders from Mali must convert their funds to supported currencies like USD, EUR, or GBP before making deposits.
Does Interactive Brokers offer Islamic (swap-free) accounts for Malian traders?
No, Interactive Brokers does not provide Islamic accounts. However, traders can use other low-cost trading options to manage overnight fees effectively.
XTB
Online trading and investment services form the core business of XTB which remains headquartered in Warsaw, Poland since its establishment in 2002. Through its platform, XTB provides clients access to trade multiple financial instruments including the foreign exchange market together with indices and commodities as well as stock and ETFs and cryptocurrencies. Through XTB individuals in Mali gain access to three key benefits including free stock and ETF trading for monthly deals below €100,000 together with an intuitive xStation 5 platform featuring advanced graphical analysis features and comprehensive educational content for beginners. XTB functions under the strict supervision of respected financial authorities that both guarantee sound regulatory adherence and protect trading safety for its users. The operating restrictions at XTB exclude certain nations but Malians can freely utilize its services because their country is not on the banned list. Malian traders who want to trade online can consider XTB because it offers competitive terms and receives regulatory support together with complete educational resources.
Features
| Company Information | |
| 📅Year Founded | 2002 |
| 🧑🏻💻Amount of staff | 1,105 |
| 👩💻Amount of active traders | 1,000,000+ |
| 🌐Publicly Traded (Listed Company) | Yes |
| Regulation and Security | |
| 🛡️Regulation | FCA, CySEC, KNF, IFSC, FSCA |
| 🌎Country of regulation | UK |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | No |
| 🔋Investor Protection Schemes | FSCS (Financial Services Compensation Scheme) up to £85,000 per person. |
| Account Types and Features | |
| ➕Accounts | Standard Account (commission-free, floating spreads) |
| 💳Institutional Accounts | Not offered |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | USD, EUR, GBP |
| 💰Minimum Deposit | $0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free above 50 USD |
| 📊Spreads from | 0.5 pips |
| 💸Commissions | Free for CFDs, 0.2% min. 10 EUR for stocks (over 100,000 EUR monthly turnover) |
| 💱Number of base currencies supported | 5 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:500 (depending on instrument) |
| 📏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 1700+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes, Popular commodities (e.g., gold, oil, natural gas) |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc) |
| 💵Withdrawal Options | Bank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | xStation platform, mobile app and MT4 |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | sales_int@xtb.com |
| 📞Customer Support Contact Number | +357 257 25356 |
| 👾Social media Platforms | Facebook, YouTube, Instagram, Twitter |
| 🗣️Languages supported on Website | English, Malay, Portuguese, Swedish, Hungarian, Arabic, Indonesian, Vietnamese, Polish, Spanish |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly known |
| 📋IB Program | Not offered in UK/EU. Affiliate program is offered instead. |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes, commissions are offered through the affiliate program. |
| 👉Open Account | Open Account |
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
0
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 | 0.8 pips | 1.0 pips | 1.5 pips |
| ➡️Indices | S&P 500 | 0.7 pts | 1.0 pts | 1.5 pts |
| 📜Shares | Tesla | $0.80 | $1.00 | $1.50 |
| 🪙Commodities | Gold | $0.20/oz | $0.30/oz | $0.50/oz |
| 💲Cryptocurrencies | Bitcoin | 20 pts | 30 pts | 50 pts |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Used by 230,000+ traders | Doesn’t offer VPS |
| Established in 2002 | Limited range of instruments |
| Regulated by Financial Conduct Authority | Not ASIC Regulated |
Our Findings
XTB offers Malian traders commission-free stock trading, a user-friendly xStation 5 platform, and extensive educational resources. The platform offers both security and open accessibility to online trading in Mali while being regulated under strong supervision.
Is XTB regulated and secure for Malian traders?
Yes, XTB is regulated by reputable financial authorities, ensuring a secure and compliant trading environment.
Does XTB provide educational resources for traders in Mali?
Yes, XTB offers educational materials, including tutorials, webinars, and market analysis, to help traders improve their skills.
Pepperstone
Founded in 2010 by Owen Kerr and Joe Davenport, Pepperstone is a forex, CFD, and spread betting broker that offers online trading services to traders globally. The broker is regulated by 7 top-tier regulatory authorities, including FCA, ASIC, CySEC, BaFIN, SCB (Bahamas), CMA, and DFSA (Dubai). The broker accepts clients from Mali under its SCB regulations. Pepperstone offers 3 of the most popular trading platforms: MT4, MT5, and cTrader. The broker also supports third-party charting or trading tools such as Tradingview, DupliTrade, MirrorTrader, Myfxbook, Smart Trader Tools, cTrader Automate, Autochartist, and Algorithmic trading. It accepts almost all trading styles, including scalping, EA trading, news trading, hedging, copy trading, and more. The broker also supports passive investment programs like PAMM and MAM and offers API trading and VPS hosting.
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
Pepperstone has served international markets since its establishment in 2010 as an Australian broker who deals in forex and CFDs and maintains its operations in Kenya. The available information about Pepperstone’s trader services in Mali is limited. Future clients in Mali must check both access availability and regulatory compliance before entering into business dealings.
Does Pepperstone support mobile money in Mali?
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 Mali?
Yes, Pepperstone accepts traders from Mali, offering Forex, Indices, Commodities, Cryptos, and Stocks.
IC Markets
Founded by Andrew Budzinksi in 2007, IC Markets is a Forex and CFD brokerage firm offering online trading services for retail and institutional clients. Although the company is based in Australia, it provides online trading services globally, including in Mali. IC Markets is regulated by top-tier regulatory authorities such as ASIC, CySEC, and FSA. The firm onboards clients from Mali under its FSA jurisdiction. IC markets offer the most popular trading platforms such as MT4, MT5, and cTrader, which are accessible on desktops, web browsers, and mobile devices. The brokerage provides access to over 2150 trading instruments, including 61 forex pairs, 25 Indices CFDs, 20 commodity CFDs, 2100+ stock CFDs, 21 cryptocurrency CFDs, and 4 Future CFDs.
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. Mali 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 Mali’s local currency (XOF)?
No, IC Markets does not directly support XOF 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 Mali 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.
Oanda
The brokerage company Oanda operates globally and provides forex and CFD trading services. Because of its reputation as a user-friendly broker, Oanda offers traders intuitive trading platforms and extensive research tools. Online traders of all skills can easily complete the rapid account setup and operation. Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
Features
| Company Information | |
| 📅Year Founded | 1996 |
| 🧑🏻💻Amount of staff | Over 500 |
| 👩💻Amount of active traders | Over 300,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CFTC (USA), FCA (UK), ASIC (Australia), IIROC (Canada), MAS (Singapore) |
| 🌎Country of regulation | USA, UK, Australia, Canada, Singapore |
| 💻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, HKD, JPY, SGD |
| 💰Minimum Deposit | $1 USD/626,50 XOF |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | $0 to $20 depending on the method and location |
| 📊Spreads from | 0.6 pips on major currency pairs |
| 💸Commissions | None on standard accounts, commission-based accounts available |
| 💱Number of base currencies supported | 9 |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 30:1 |
| 📏Margin requirements | Variable based on asset and leverage |
| ☪️Islamic account (swap-free) | No |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Average 12 milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 100 |
| 🗠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 | OANDA WebTrader, MetaTrader 4, OANDA Mobile App |
| 👩💻OS Compatibility | Web-based (All major browsers), Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Advanced charting tools, Autochartist, API trading |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | frontdesk@oanda.com |
| 📞Customer Support Contact Number | Varies by region, e.g., +1 212 858 7690 (US) |
| 👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| 🗣️Languages supported on Website | English, French, German, Spanish, Italian, Chinese, more |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | OANDA Academy, Blog, Market Analysis, Trading Tutorials |
| 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 | No |
| 👉Open Account | 👉 Open Account |
Min Deposit
USD 1
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
45
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 | 0.1 pips | 1.2 pips | 2.5 pips |
| ➡️Indices | S&P 500 | 0.3 points | 0.5 points | 1.2 points |
| 🪙Commodities | Gold (XAU/USD) | 0.9 pips | 2.0 pips | 3.5 pips |
| 💵Cryptocurrencies | Bitcoin (BTC/USD) | 25.0 points | 40.0 points | 80.0 points |
| 📜Shares | Apple (AAPL) | 0.02 points | 0.05 points | 0.15 points |
Pros and Cons
| ✅ Pros | ❌Cons |
| Accepts U.S. clients | No account protection for U.S. clients |
| Regulated by FCA and NFA | No guaranteed stop losses for U.S. or U.K. clients |
| Well-designed platforms | Traders cannot access cryptocurrencies or single-stock CFDs |
| Superior research offerings | A lot of ancillary fees |
Our Findings
Oanda provides tight spread figures for foreign exchange, indices, commodities, cryptos, and stock trading. Oanda provides people with a trustworthy Trading platform together with research capabilities.
Does Oanda offer Islamic (swap-free) accounts for Muslim traders?
Yes, Oanda provides swap-free accounts, but Malian traders cannot open accounts due to regional restrictions.
What trading instruments does Oanda provide?
Oanda offers forex, indices, commodities, cryptocurrencies, and shares CFDs, with competitive spreads and low fees.
Conclusion
The selection of the optimal forex broker in Mali needs traders to analyze regulation alongside trading conditions and platform quality together with customer support and payment choices. Top brokers provide competitive spreads alongside secure transactions that accompany local customer support channels. Trading success requires traders to select brokers known for their solid reputation because they provide secure services that match Mali’s market requirements.
Frequently asked questions
Is forex trading legal in Mali?
Yes. Forex trading is legal in Mali. However, traders must ensure that they only use regulated brokers through which to trade.
Which forex brokers are the best?
The brokers featured on this list are some of the best forex brokers in the industry, offering traders some of the best conditions, services, and solutions.
Can money be made in forex trading?
Yes. However, forex trading cannot be considered a ‘get-rich-quick’ scheme as it takes dedication, patience, skill, and experience to become an expert trader. Even then, numerous traders are exposed to the risk of losing all their funds in the forex market.
Do these forex brokers offer demo accounts?
Yes. These forex brokers offer demo accounts.
Are these forex brokers regulated and safe to use?
These brokers are some of the best brokers in the industry and most of them are well-regulated. There are still reputable yet unregulated brokers, and it is imperative that traders first research these brokers before registering a live trading account.
Top 4 Brokers
