In late 2024, the Ouguiya (MRO) experienced fluctuations that reflected changes in trade balances and foreign investment flows. While Mauritania’s financial sector is relatively small, traders can access international brokers to get global market exposure.
Increased mobile internet adoption increases traders’ access to platforms, allowing traders to explore different options, and we highlight the best ones in our article.
Here’s what you can read about:
- How can joining local forex trading communities enhance learning and provide support for Mauritanian traders?
- 10 Best Forex Brokers in Mauritania
- Last Words on Mauritanian Forex Brokers
- Essential FAQs
How can joining local forex trading communities enhance learning and provide support for Mauritanian traders?
Regardless of where traders are from, learning is essential before they start trading forex. Because there’s a small financial sector and few local resources, local traders mostly rely on online forex communities and forex to learn, share strategies, and stay updated on market trends.
Telegram, WhatsApp, and Facebook groups have become the go-to apps, even Reddit forums. Here, traders can break down charts, discuss news events, and warn each other about scams.
As of 2025, Mauritania’s internet penetration stood at 37.4%, with 1.96 million of its 5.24 million people having access. There’s a significant increase from previous years, allowing more traders to access online platforms.
Some traders can meet in person to exchange ideas, but the majority rely on digital spaces where they can receive mentorship. The lack of local forex education makes these online communities vital because they offer guidance traders might not get elsewhere.
10 Best Forex Brokers in Mauritania
- ☑️ FBS – High leverage, low deposits, good bonuses.
- ☑️ Deriv – Easy platform, unique assets, beginner-friendly.
- ☑️ Tickmill – Low spreads, fast trades, well-regulated.
- ☑️ XM – Tight spreads, low minimums, solid support.
- ☑️ Exness – Instant withdrawals, flexible leverage, stable.
- ☑️ Octa – Zero commission, easy mobile trading.
- ☑️ AvaTrade – Wide assets, safe, user-friendly.
- ☑️ FXTM – Flexible accounts, great for learning.
- ☑️ IG – Top-tier, pro tools, global access.
- ☑️ Admirals – Trusted, solid platforms, good insights.
1. FBS
FBS offers an accessible forex and CFD trading experience.
The minimum deposit requirement is low; deposits and withdrawals are instant on some payment methods, and traders can use Skrill, SticPay, and Credit/Debit cards.
Min Deposit
USD $5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Over 27 000 000+ Traders
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | IFSC, CySEC, ASIC, and FSCA—not locally |
| 💵 Minimum Deposit (MRO/USD/EUR) | $5 |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | MT4, MT5, FBS Trader – mobile-friendly |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| No commission on forex trades | Slippage can occur during news events |
| Instant deposits and fast access to trading funds | Limited investor protection for Mauritanian traders |
| Social trading lets beginners follow experienced traders | No local MRO trading accounts—only USD and EUR |
Our Findings
FBS gives traders in Mauritania an easy way to start, with quick deposits, low entry costs, and a user-friendly trading app.
The downside? Although FBS offers local payment methods, MRO is not a supported currency.
What is the maximum leverage available at FBS?
Traders can access leverage up to 1:3000.
Are there fees for fund withdrawals at FBS?
Yes, withdrawal fees apply.
2. Deriv
Deriv offers 24/7 trading because of its unique instruments, especially synthetic indices.
Mauritanian traders who want constant market access—especially for cryptocurrencies and synthetic indices—will find this useful.
Min Deposit
USD 5
Regulators
MFSA, LFSA, VFSC, BVIFSC
Trading Platform
Binary.com’s SmartTrader system,
DMT5, DTrader, DBot
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | LFSA, BVI FSC, VFSC, and MFSA—no Mauritanian regulation |
| 💵 Minimum Deposit (MRO/USD/EUR) | $5 |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | MT5, Deriv X, cTrader, Deriv GO, and Binary Bot |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Offers high leverage up to 1:1000 | No investor protection scheme for Mauritanian traders |
| 24/7 trading on cryptocurrencies and synthetic indices | Complex account structure |
| TradingView integration | Withdrawals can take up to five days |
Our Findings
Deriv works best for traders who value flexibility, whether they want customizable platforms, 24/7 trading access, or a choice between payment methods.
However, there’s no local banking support, and slow withdrawals could be an issue.
What makes Deriv’s trading tools unique?
Deriv X includes 110+ technical indicators and 50+ drawing tools for market analysis.
Does Deriv charge withdrawal fees?
Most withdrawals are fee-free, but third-party fees might apply.
3. Tickmill
Tickmill is ideal for Mauritanians who care about cost efficiency and fast trade execution speeds.
Tickmill fills orders in less than 0.20 seconds with minimal slippage, and spreads start from 0.0 pips on the Raw Account.
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5, Tickmill Trader
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | FSA, FCA, CySEC, DFSA, and FSCA—no Mauritanian regulation |
| 💵 Minimum Deposit (MRO/USD/EUR) | $100 |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | MT4, MT5, Tickmill Trader, and VPS integration |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| The cashback rebate program rewards active traders | Customer support is not available 24/7 |
| Offers a $30 welcome bonus for new traders | No local deposit or withdrawal options for Mauritania |
| Supports automated trading | Spreads on Classic accounts are higher than on Raw accounts |
Our Findings
Tickmill works well for traders who want multi-market access to explore trading opportunities but rely on execution speed and low trading costs. Unfortunately, Tickmill doesn’t support MRO accounts, deposits, or withdrawals, which leads to currency conversion fees.
Does Tickmill charge commissions?
Yes, Raw Accounts incur a commission of $3 per lot, while Classic Accounts are commission-free (with wider spreads).
Does Tickmill offer interest on unused funds?
Yes, you can earn up to 3.5% interest on balances over $100.
4. XM
XM stands out from other brokers by offering low minimum deposits, high leverage, and several risk management tools to manage exposure in volatile markets.
What stands out most is XM’s execution—trades go through without requotes, which means zero rejections when traders place orders.
Min Deposit
USD 5
Regulators
FSC
FSA
CySEC
Trading Platform
MT4, MT5
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | FSCA, IFSC, ASIC, CySEC, DFSA, and FCA—no Mauritanian regulation |
| 💵 Minimum Deposit (MRO/USD/EUR) | $5 |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | MT4, MT5, and the XM app |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| No withdrawal fees | The inactivity fee applies after 12 months |
| No requotes | VPS hosting is only free for eligible high-volume traders |
| Negative balance protection prevents traders from losing more than their deposits | No local banking options for deposits and withdrawals |
Our Findings
XM is perfect for traders who need reliable execution, simple deposit and withdrawal methods, and various bonuses to increase trading capital.
However, XM is not ideal for anyone who wants to avoid currency conversion or inactivity fees.
What is the XM Loyalty Program?
XM rewards loyalty points, which you can exchange for credit points.
How fast are trades executed at XM?
XM executes 99.35% of trades in under one second.
5. Exness
Exness’ multi-currency accounts stand out, even though MRO isn’t supported; traders can still choose from several alternative currencies to lower currency conversion fees.
The minimum deposit starts from $10, and there are no extra fees on deposits or withdrawals.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | FCA, CySEC, FSCA, FSA, CBCS, FSC, CMA—no Mauritanian regulation |
| 💵 Minimum Deposit (MRO/USD/EUR) | $10 |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | MT4, MT5, Exness Web Terminal, Exness Trader App. |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Unlimited leverage is available | No local bank deposit or withdrawal support |
| A built-in investment calculator helps with trade planning | Spreads can widen during volatile market conditions |
| Instant withdrawals on multiple payment methods, including crypto | Limited customer support in Arabic or local dialects |
Our Findings
Exness offers a simplified trading environment that’s still ideal for both beginners and professional traders.
However, the lack of local payment methods and MRO accounts can make trading expensive for Mauritanians.
Does Exness charge overnight fees?
Yes, some instruments incur overnight fees, but some are swap-free.
Can traders use social trading on Exness?
Yes, Exness has a proprietary social trading platform.
6. Octa
Octa is one of only a few brokers with default Swap-Free Accounts without commission fees.
Octa has a low minimum deposit requirement of $25 and offers innovative copy trading functions.
Octa offers two powerful trading platforms, namely MetaTrader 5 and OctaTrader.
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA and FSC
Trading Platform
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | CySEC, FSCA, SVG FSA, and MISA—no Mauritanian regulation |
| 💵 Minimum Deposit (MRO/USD/EUR) | $25 |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | MT4, MT5, OctaTrader |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| OctaTrader platform has built-in sentiment tools | Discontinued use of MetaTrader 4 |
| Fast execution with minimal slippage | No managed or institutional accounts available |
| No inactivity fees | Limited range of trading instruments |
Our Findings
Octa’s trading environment is uncomplicated, swap-free, and has a low entry barrier.
However, there’s no support for banking options, and MRO is not supported.
Does Octa charge inactivity fees?
No, you can keep accounts open without incurring inactivity fees.
What is OctaTrader?
OctaTrader is Octa’s proprietary platform that features built-in market sentiment tools.
7. AvaTrade
AvaTrade offers a mix of trading platforms, tools, and educational resources.
With over 1,260 instruments, including forex, stocks, and crypto, there’s plenty to trade, even local commodities like Gold, Natural Gas, and more.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | CBI, ASIC, FSCA, CySEC, and others—no Mauritanian regulation |
| 💵 Minimum Deposit (MRO/USD/EUR) | $100 |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | MT4, MT5, AvaTradeGO, WebTrader, DupliTrade, ZuluTrade |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments across markets | No support for Mauritanian ouguiya (MRO) as a base currency |
| Multiple trading platforms are available | No direct access to stock trading outside CFDs |
| AvaProtect lets traders insure trades | Fixed spreads can be higher than raw spread alternatives |
Our Findings
AvaTrade combines strong security, diverse instruments, and risk-management tools to give Mauritanians an immersive trading experience.
However, the lack of local deposits and withdrawals can be inconvenient for local traders.
Does AvaTrade offer spread betting?
Yes, but only for traders in the UK.
Can traders use automated strategies on AvaTrade?
Yes, AvaTrade supports algorithmic trading through MetaTrader 4 and 5’s Expert Advisors (EAs).
8. FXTM
FXTM stands out for offering Mauritanians a mix of flexibility, fast execution, and diverse trading options.
Traders can easily manage their trading activities through the MT4, MT5, and FXTM trader app.
Traders can also access 1:2000 leverage on forex to boost their market exposure.
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | CySEC, FCA, FSCA, FSC Mauritius, and CMA Kenya, complies with international standards |
| 💵 Minimum Deposit (MRO/USD/EUR) | A $200 minimum deposit is required in USD, EUR, or GBP |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | Supports MetaTrader 4, MetaTrader 5, and the FXTM Trader app for mobile trading |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic accounts are available | A $5 inactivity fee applies after six months |
| Free VPS hosting is available | The minimum deposit is high ($200) |
| FXTM offers a structured, tiered commission system | Not all withdrawal methods are instant |
| The FXTM Trader app provides an easy-to-use mobile experience | Withdrawal fees apply |
Our Findings
FXTM offers a dynamic trading environment where Mauritanians can explore diverse markets, even local commodity CFDs.
However, FXTM has a high minimum deposit requirement and charges withdrawal fees.
What is FXTM’s minimum deposit?
The minimum deposit is $/€/£200.
Does FXTM charge commission fees?
Yes, commissions start from $3.5 per lot, but only on Advantage.
9. IG
IG offers Mauritanians deep market access where they can trade over 17,000 instruments, including locally relevant commodities like Gold, Copper, Iron Ore, Livestock, and Natural Gas, which can be traded as CFDs.
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | FCA, BaFin, CySEC, FSCA, ASIC, and other top-tier regulators. FSCS protection in the UK and SIPC coverage in the US |
| 💵 Minimum Deposit (MRO/USD/EUR) | From $50 (Credit/Debit Cards) |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | MetaTrader 4, IG Trading Platform, ProRealTime, L2 Dealer, mobile apps |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FIX API support is available for algorithmic and institutional trading | Leverage is capped at 1:30 for retail traders |
| Traders can access data from over 30 global exchanges | The platform charges a 0.5% currency conversion fee |
| IG allows weekend trading on cryptocurrencies and indices | Mauritanian traders may face higher deposit requirements |
Our Findings
IG gives Mauritanians a premium trading experience to professional traders, but also caters to beginners with its extensive educational materials. However, there are regional limitations in terms of deposit and withdrawal methods and MRO support.
Can traders access direct market data?
Yes, IG provides access to over 30 global exchanges via its L2 Dealer platform.
What risk management tools does IG offer?
IG supports Guaranteed Stop-Loss Orders (GSLOs) to protect against market volatility.
10. Admirals
Admirals offers Mauritanians more than just a platform; the broker offers a dynamic trading environment that supports both beginners and experienced traders.
Admirals offer extensive education while also integrating professional tools for trading efficiency.
Min Deposit
USD 1
Regulators
FCA, CySEC, ASIC and FSCA
Trading Platform
MT4, MT5, WebTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 📝 Category | 📌 Details |
| 🛡️ Regulation (Mauritania) | FCA, ASIC, CySEC, JSC, FSCA, FSA, and CMA; accounts are segregated for security |
| 💵 Minimum Deposit (MRO/USD/EUR) | From $1 (Invest.MT5); varies for other accounts |
| 📉 Spreads (Major & Exotic) | From 0.7 pips on major pairs; wider on exotics |
| 💸 Commission per Lot | No forex commissions; stock CFDs have fees |
| 💳 Deposit & Withdrawal Methods | Bank cards, e-wallets, local bank transfers |
| 🏦 Local Banks & Mobile Money | Yes |
| ⏱️ Local Bank Transfer Time | Deposits: Instant – 7 days; Withdrawals: Up to 7 days |
| 📊 Trading Instruments | 630+ CFDs, including 74 forex pairs, stocks, indices, metals, and energies |
| ⚠️ Slippage Risk | Possible, especially during high-volatility periods |
| 💻 Platform Compatibility | MetaTrader 4, MetaTrader 5, Admirals App, and StereoTrader available on desktop and mobile |
| 🕌 Islamic/Swap-Free Account | Yes |
| 🕐 Customer Support | 24/7 live chat and email, but no local language support |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| The Admirals Cashback program provides rebates on trading volume | Account features and trading conditions vary by region |
| The MetaTrader Supreme Edition offers enhanced tools | Some deposit options may not be available for Mauritanian traders |
| Admirals supports fractional share trading | Withdrawal processing times vary, |
| Islamic accounts are available | After one free withdrawal per month, bank transfers incur a $10 fee |
Our Findings
Admirals offers a well-rounded trading experience to Mauritanians with its account options, education, and powerful trading tools.
However, there’s no MRO support and a lack of local banking options.
Does Admiral charge for withdrawals?
One free withdrawal per month is allowed; after that, fees may apply.
Can traders access exclusive trading tools on Admirals?
Yes, Admirals provides the MetaTrader Supreme Edition with advanced features.
Conclusion
While Mauritania has a small financial sector, it is expanding as mobile penetration improves.
Because most brokers don’t support MRO accounts, deposits, or withdrawals, local traders can use USD, EUR, and other currencies to minimize currency conversion fees.
The account options, market access, tools, education, and payment methods vary per broker.
Thus, traders should determine what they need from their broker to allow them to make an informed decision about a trading partner.
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Frequently Asked Questions
Are the forex brokers in Mauritania regulated by an oversight authority?
There is no authority in Mauritania that regulates forex trading brokers, but there are trusted brokers in Mauritania who are regulated by other oversight authorities that traders can use to trade forex.
Is cryptocurrency trading available in Mauritania?
Yes, growing income levels and the adoption of online technology have led to an ever-increasing cryptocurrency trading volume in Mauritania.
Can Muslim traders open a forex trading account in Mauritania?
Yes, Muslim traders can open an Islamic swap-free account with brokers in Mauritania who offer that type of account.
Do I have to pay tax on forex trading profits in Mauritania?
Yes, forex trading profits are taxable in Mauritania.
