With forex trading spiraling around the world, especially in African countries such as Sudan, forex traders may still be unsure over the best brokers to trade this market.
Sudan traders looking for a broker that offers competitive trading conditions along with comprehensive trading solutions and services need not look further than the list below.
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HFM
Overview
HFM is a forex broker company in in St. Vincent and the Grenadines. It was founded in 2010 and includes well-known brands such as HFM and Hot Forex.
The broker is a highly regulated and trustworthy ECN/STP broker and offers a variety of tradable assets.
Pros and Cons
| PROS | CONS |
| Highly attractive spreads | Charges inactivity fee |
| No deposit or withdrawal fees | |
| Offers wide range of tradable assets | |
| Regulated in multiple countries |
Features
| Feature | Information |
| Regulation | FCA, CySEC, FSCA, DFSA, FSA |
| Minimum deposit | $100 |
| Average spread from | 1 pip |
| Commissions from | $0.03 per 1K lot |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:30 |
| Bonuses | No |
| Customer Support and hours | 24/7 |
Compass FX
Overview
Compass FX is a forex broker in the United States of America that acts as an introducing broker for other forex brokers.
The company was founded in 1990 and is regulated by the National Futures Association (NFA).
Compass FX offers a Standard Account and Micro Account and gives traders access to the best trading opportunities possible over all asset classes.
Pros and Cons
| PROS | CONS |
| Excellent customer service | High spreads |
| Fast and reliable trade execution | No information about payment methods |
| Platform in 12 languages for global reach | |
| Popular Internet trading software |
Features
| Feature | Information |
| Regulation | NFA, ASIC |
| Minimum deposit | $250 |
| Average spread from | Depend on brokers they introduce for |
| Commissions from | Depend on brokers |
| Deposit/Withdrawal Fees | Depend on brokers |
| Maximum Leverage | Depend on brokers |
| Bonuses | No |
| Customer Support and hours | 24/7 |
Go Markets
Overview
GO Markets is a forex broker company established in 2006 and based in Melbourne in Australia.
GO Markets was recognised as the first MT4 broker in Australia and provides MT5, mobile trading and a web-based platform.
The broker offers spread-based and commission-based trading accounts with more than 350 tradeable CFD instruments including Forex, Shares, Indices and Commodities and Cryptocurrencies.
Pros and Cons
| PROS | CONS |
| Allows scalping and hedging | Limited range of instruments |
| Regulated by ASIC | Only two account types available for all traders |
| Used by over 10 000 traders |
Features
| Feature | Information |
| Regulation | ASIC, AFSL |
| Minimum deposit | 200 AUD |
| Average spread from | Depends on region |
| Commissions from | $2.5 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 500:1 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
JustForex
Overview
JustForex is a forex broker based in Kingstown, Saint Vincent, and Grenadines.
JustForex was founded in 2012 and is registered by the Financial Services Authority.
JustForex provides several trading options on the MetaTrader 4 platform as well as a wide choice of accounts and conditions.
Pros and Cons
| PROS | CONS |
| Commission-free trading accounts. | No MetaTrader MAC version |
| Low minimum deposit | Only offshore regulation |
| Many payment methods | |
| Regulated by FSA | |
| Tight spreads | |
| Wide range of asset classes |
Features
| Feature | Information |
| Regulation | FSA |
| Minimum deposit | $1 |
| Average spread from | 1 pip |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:3000 |
| Bonuses | Yes |
| Customer Support and hours | English support: 24/7 |
Globex360
Overview
Globex360 is a forex broker based in South Africa, which offers trading with Forex and CFDs, indices, precious metals, energy, and cryptocurrencies. The company uses state-of-the-art software to provide clients with the best trading experience.
The company is authorised to provide financial services to clients around the world, complying with the legislation of each country it operates. Globex360 was founded in 2017
Pros and Cons
| PROS | CONS |
| Several types of trading accounts | Does not provide negative balance protection |
| Regulated by proper authorities | Only MT4 trading platform |
| Variety of trading instruments | Withdrawal process is slow |
Features
| Feature | Information |
| Regulation | FSCA, FIAMLA 2002, POCA 2002, POTA 2002 |
| Minimum deposit | $25 |
| Average spread from | Not clearly indicated |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Aetos
Overview
Aetos Capital Group is a market-leading Australian broker based in Sydney and established in 2007, offering customers in more than 100 countries worldwide access to a wide range of markets including forex, metals, energy, and indices.
Regulated by two separate world authorities, it offers three different accounts with an initial deposit of 250 USD.
Pros and Cons
| PROS | CONS |
| Segregated client funds used | Demo account use limited to 14 days |
| Well-regulated | US Clients not accepted |
Features
| Feature | Information |
| Regulation | ASIC, FCA |
| Minimum deposit | $250 |
| Average spread from | 0.8 |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1400 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Spreadex
Overview
Spreadex is a financial online trading platform based in the UK and licensed by the Financial Conduct Authority.
Spreadex was established in 1999 as a financial trading service with online spread betting and followed with the trading platform in 2006.
Clients can access more than 10 000 global markets trading indices, shares, Forex (also with Bitcoin), commodities, bonds, options, and ETFs.
Pros and Cons
| PROS | CONS |
| FCA regulated | No demo account |
| High leverage for professionals | Only one account type |
| Leverage ratios of up to 500:1 | |
| Segregated accounts |
Features
| Feature | Information |
| Regulation | FCA |
| Minimum deposit | None |
| Average spread from | 0.6 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 500:1 |
| Bonuses | No |
| Customer Support and hours | 24/7 |
FP Markets
Overview
FP Markets is an Australian forex broker company established in 2005 and based in Sydney and Kingstown, St. Vincent, and the Grenadines. It offers traders access to CFDs trading across forex, indices, commodities, stocks, and cryptocurrencies.
FP Markets is a four-time winner of a “Best Trade Execution” award and was voted as most satisfied by traders for five years running.
Pros and Cons
| PROS | CONS |
| Fast account opening | High stock CFD fees |
| Multi-lingual support | Limited product portfolio |
| Quick deposit and withdrawal | |
| Tight spreads |
Features
| Feature | Information |
| Regulation | ASIC, CySEC, SCB |
| Minimum deposit | $100 |
| Average spread from | 0.09 |
| Commissions from | Commission rates are complex and are obtainable from Support. |
| Deposit/Withdrawal Fees | No fees except international withdrawals |
| Maximum Leverage | 1:500 |
| Bonuses | Deposit bonus |
| Customer Support and hours | 24/5 |
Advanced Markets
Overview
Advanced Markets is an ECN-broker that was established in 2006 and is being regulated by the Australian Securities and Investments Commission (ASIC) and the National Futures Association (NFA). The company’s head office is located in Charlotte, North Carolina but the broker is registered on the Cayman Islands.
The broker offers currency pairs, precious metals, and CFDs on financial products and commodities but requires a large minimum deposit of $2 500.
Pros and Cons
| PROS | CONS |
| Instant Execution of trades | High minimum deposit required to open an account |
| Broker is regulated by reputable authority | Limited account options |
| No re-prices or re-quotes | No Islamic account option |
| One-click or two-click trading | Only one way to withdraw funds |
| Segregated accounts for customers’ funds |
Features
| Feature | Information |
| Regulation | NFA, ASIC, FCA |
| Minimum deposit | $2500 |
| Average spread from | 0.5 |
| Commissions from | $20.00 per USD Million |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 100:1 |
| Bonuses | Yes |
| Customer Support and hours | 24/7 |
MarketsX / Markets.com
Overview
MarketsX is a forex broker company that offers services in South Africa, also known as Markets.com.
The broker operates since 2008 and listed on the London Stock Exchange and a constituent of the FTSE 250. It is regulated in five jurisdictions and offers four trading platforms from which traders have access to over 2 200 assets.
Pros and Cons
| PROS | CONS |
| Member of an investor compensation scheme | Fixed spread accounts not offered |
| Negative balance protection offered | Limited account types offered |
| Proprietary trading platform | |
| Segregated client funds used | |
| Swap free or Islamic Account | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | CySEC, FCA, ASIC, FSC, FSCA |
| Minimum deposit | $250 /£250 /€250 |
| Average spread from | 2.4 pips |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:300 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Direct FX
Overview
Direct FX is a forex broker company in Australia.
The broker was founded in 2006 and is licensed and regulated by the Australian Securities and Investment Commission (ASIC) and a member of the Financial Ombudsman Service (FOS), an Australian dispute resolution system that deals with complaints about financial services.
Direct FX offers trading through Straight-Through-Processing trading and more than 40 currency pairs, precious metals (Gold and Silver), and some CFDs on commodities, indices, bonds, equities, as well as binary options are available to trade.
Pros and Cons
| PROS | CONS |
| Several account types | Website lacks valuable information |
| Well regulated |
Features
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit | $100 |
| Average spread from | 1 pip |
| Commissions from | No |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support and hours | 24/7 |
Synergy FX
Overview
Synergy FX is a forex broker founded in 2011 and based in Sydney, Australia.
Its execution is performed through a No Dealing Desk and an improved pureECN account with extra benefits is offered, making its services suitable for beginning and professional traders.
FX pairs, precious metals and stock indices can be traded with MT4 and MT5.
Pros and Cons
| PROS | CONS |
| Free access to education resources and complimentary social trading | Islamic Account only for day trading |
| Low min deposit | |
| Rapid executions of trades | |
| Rapid executions of trades | |
| Segregated client funds used | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | ASIC, VFSC |
| Minimum deposit | 100 USD |
| Average spread from | 1 pip |
| Commissions from | zero |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 500:1 |
| Bonuses | No |
| Customer Support and hours | 24/5 |
ADS Securities
Overview
ADS Securities (ADSS) is a forex broker company in the United Arabic Emirates (UAE) with its headquarters in Abu Dhabi and offices in the United Kingdom and Hong Kong.
ADS Securities is duly authorised by the appropriate jurisdictions in each country, including the FCA and SFC in Hong Kong. It offers several basic live account types and requires a minimum deposit of 100 AUD to open an account.
Pros and Cons
| PROS | CONS |
| Commission-free trading | Limited and outdated educational content |
| Free deposits and withdrawals | Too few funding methods |
| Regulated by multiple entities | |
| Swap-free accounts |
Features
| Feature | Information |
| Regulation | FCA in UK and the SFC in Hong Kong, UAE Central Bank, FSRA |
| Minimum deposit | 100 AUD |
| Average spread from | 1.6 pips |
| Commissions from | Zero |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 500:1 |
| Bonuses | No |
| Customer Support and hours | 24/5 |
Turboforex
Overview
Turboforex is an online forex broker that was established in New Zealand in 2010 and is regulated by the Financial Disputes Resolution Scheme in New Zealand to offer trading of Forex currency, derivatives on commodities, stocks, and global indices. Turboforex clients may use an automated system of copying trades called Turboforex Social and use high leverage ratios. The minimum deposit to open an account is only $10.
Pros and Cons
| PROS | CONS |
| Different account options | Contradictory information on website |
| Offers high leverage | Not properly regulated |
Features
| Feature | Information |
| Regulation | Only FMRRC |
| Minimum deposit | $10 |
| Average spread from | 1.0 pip |
| Commissions from | No |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support and hours | 24/7 |
Z.com
Overview
Z.com TRADE is a global brand of the Tokyo-headquartered GMO CLICK Group, one of the world’s largest retail forex providers. It operates since 2011 and was rebranded in 2015.
Z.com Trade UK Limited is regulated by the Financial Conduct Authority (FCA), SFC and JFSA.
Forex, Spot Metals, Indices, Oil and Soft
Commodities can be traded.
Pros and Cons
| PROS | CONS |
| In operation since 2011 | Little to now research and educational content on website |
| Parent company is listed on Tokyo Stock Exchange | Low leverage for retail clients |
| Properly regulated |
Features
| Feature | Information |
| Regulation | FCA, SFC and JFSA |
| Minimum deposit | No |
| Average spread from | 2.0-2.3 Pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | Depend on payment method |
| Maximum Leverage | 1:200 for professional clients but only 1:30 for retail clients |
| Bonuses | No |
| Customer Support and hours | 24/5 |
MGK Global
Overview
MGK Global is an a-book forex broker company in Labuan, Malaysia which was founded in 2015 and offers forex trading services of currencies and commodities via MetaTrader 4 and MT4 Mobile trading platforms.
MGK Global is only regulated by the FSA in Malaysia and offers traders the option of two account types as well as an Islamic Account. Leverage levels up to 1:500 can be used.
Pros and Cons
| PROS | CONS |
| Good trading tools offered | Limited account types offered |
| Segregated client funds used | Not well regulated |
Features
| Feature | Information |
| Regulation | Financial Services Authority of Labuan, Malaysia |
| Minimum deposit | $30 |
| Average spread from | 1 Pip |
| Commissions | Yes |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support and hours | Monday to Friday between 09:00 and 18:00. |
Spectre
Overview
Spectre (short for Speculative Tokenized Trading Exchange) is an Asian trading platform incorporated in St. Vincent & the Grenadines and built on the Ethereum blockchain. Due to its nature of business, Spectre is not affected by ESMA regulations and can offer Smart Options to their EU clients.
It offers Smart Options (similar to binary options) on currency pairs, commodities, and certain cryptocurrency/fiat currency pairs.
Spectre opened in April 2019 for traders.
Pros and Cons
| PROS | CONS |
| Blockchain-based binary options broker | Only regulated in St Vincent & Grenadines |
| Demo account offered | |
| No deposits and withdrawals needed |
Features
| Feature | Information |
| Regulation | Not properly regulated |
| Minimum deposit | $25 (0.10 ether) |
| Average spread from | Not indicated |
| Commissions | Yes |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:40 |
| Bonuses | No |
| Customer Support and hours | 24/7 |
Skilling.com
Overview
Skilling.com is a brokerage launched in 2019 with offices located in Cyprus, Malta, and Spain.
Skilling.com is licensed with CySEC and customers can trade currency pairs, CFDs on crypto, indices, commodities, and equities with leverage of 1:30.
The broker provides its own platform and multiple payment methods.
Pros and Cons
| PROS | CONS |
| CySEC regulated | MT4 not provided |
| Segregation of client funds | Only two account types |
Features
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit | $50 |
| Average spread from | 1,4 pips |
| Commissions | Yes |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:30 |
| Bonuses | No |
| Customer Support and hours | 13/5 |
ICE FX
Overview
ICE FX is a Forex and CFD broker founded in 2015 and based and registered in Malaysia as well as in the Republic of Vanuatu.
The broker provides the standard MetaTrader 4 trading platform to trade Forex pairs, Metals, Indices, Commodities and Crypto.
Pros and Cons
| PROS | CONS |
| Several account options | Not properly regulated |
| Variety of trading instruments | Offshore broker |
Features
| Feature | Information |
| Regulation | Labuan IBFC |
| Minimum deposit | $50 |
| Average spread from | 1.1 pips |
| Commissions from | 0.0025% |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:300 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
INTERACTIVE INVESTOR
Overview
INTERACTIVE INVESTOR is a forex broker company in the United Kingdom.
INTERACTIVE INVESTOR was founded in 1995 to provide front-end research to the investment community and a platform for investors and has more than 300 000 customers and over one million users. It is regulated by the Financial Conduct Authority (FCA), offers stocks, ETFs, funds, and bonds, but funds and bonds cover only the UK market. Clients can choose from 9 base currencies for accounts.
Pros and Cons
| PROS | CONS |
| A choice of base currencies | Funds and bonds cover only the UK market |
| Regulated by the FCA | Valuable information lacking on website |
Features
| Feature | Information |
| Regulation | FCA |
| Minimum deposit | 0 |
| Average spread from | Service plans determine your cost for shares and ETF trades |
| Commissions from | None |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | Not indicated |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Tradershome
Overview
Tradershome is a global broker established in 2018 with head office in St. Vincent and the Grenadines.
Tradershome is not properly authorised or regulated by a reputable watchdog but makes use of the latest trading technologies to render its services globally.
The broker guarantees professional investment guidance, the security of funds, user-friendly platforms and more than 500 financial instruments to trade.
Pros and Cons
| PROS | CONS |
| Advanced platform available on Windows, Android, and iOS | Offshore broker |
| Fast withdrawal with no charges | Unregulated |
| Flexible leverage | |
| Market analyses | |
| Over 500 financial instruments |
Features
| Feature | Information |
| Regulation | Not properly regulated |
| Minimum deposit | $250 |
| Average spread from | 0,3 pips |
| Commissions | Yes |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:400 |
| Bonuses | No |
| Customer Support and hours | 24/5 |
XM
Overview
XM was founded in 2009 in Cyprus and is authorised and regulated by CySEC, IFSC, FCA, ASIC and the Dubai DFSA.
The broker offers many secure payment methods and MT4 and MT5 trading platforms for trading Forex, Stocks, CFDs, Commodities, Equity Indices, Precious Metals, Energies and Shares.
Pros and Cons
| PROS | CONS |
| Allows scalping and hedging | No managed accounts |
| Minimum deposit from $55. | No US clients |
| Offers negative balance protection | |
| Properly regulated |
Features
| Feature | Information |
| Regulation | CySEC, IFSC), FCA, ASIC and DFSA |
| Minimum deposit | $5 |
| Average spread from | 1.7 pips |
| Commissions from | $3.5 per lot per trade |
| Deposit/Withdrawal Fees | Bank withdrawals below $200 – $15 |
| Maximum Leverage | 500:1 |
| Bonuses | No. |
| Customer Support and hours | 24/5 |
eToro
Overview
eToro was established in 2007 and is based in Israel. It is authorised and regulated by CySEC, the FCA and ASIC.
eToro boasts more than 1.5 million customers in more than 130 countries and has transparent and user-friendly modes of trading currencies, indices, and commodities online.
Pros and Cons
| PROS | CONS |
| Low minimum deposit | High forex fees and non-trading fees |
| No deposit fee | Only one account base currency |
| Offers free stock and ETF trading in the EU | |
| Seamless account opening | |
| Social trading |
Features
| Feature | Information |
| Regulation | FCA, ASIC, CySEC |
| Minimum deposit | 30 USD |
| Average spread from | 1.0 pips |
| Commissions from | 0.09% |
| Deposit/Withdrawal Fees | $5 on withdrawals |
| Maximum Leverage | 1:20 |
| Bonuses | Welcome and referral bonuses |
| Customer Support and hours | 24/5 |
City Index
Overview
City Index is a global Spread Betting, FX and CFD broker in London, United Kingdom that was founded in 1983 and is registered and authorised by the FCA, ASIC and of MAS Singapore.
City Index gives clients access to global markets with more than 12 000 assets to choose from Forex, Indices, Shares and Commodities.
Pros and Cons
| PROS | CONS |
| Diverse research tools | High stock CFD fees |
| Low fees for forex and index CFDs | Inactivity fee |
| Low forex fees | Limited product portfolio |
| No withdrawal or deposit fee |
Features
| Feature | Information |
| Regulation | FCA, ASIC, MAS |
| Minimum deposit | None |
| Average spread from | 0.5 pips |
| Commissions from | 0.1% |
| Deposit/Withdrawal Fees | £25 for payments less than £5 000 |
| Maximum Leverage | 1:200 |
| Bonuses | No |
| Customer Support and hours | 24/5 |
CMC Markets
Overview
CMC Markets is UK-based Market Maker broker established in 1989, and regulated and authorised by FCA, ASIC, MAS, FMA, and IIROC.
Clients can trade more than 10 000 financial instruments across several asset classes through trading platforms such as Next Gen and MetaTrader 4.
CMC Markets offer comprehensive analysis, a variety of trading tools, educational materials, and the advantage of no minimum deposit requirement when registering a trading account.
Pros and Cons
| PROS | CONS |
| Innovative platform tools provided | No copy trading platforms |
| Multi-regulated | No fixed spread accounts |
| No minimum deposit | No PAMM or MAM accounts |
| Segregated client funds | No US Clients |
Features
| Feature | Information |
| Regulation | FCA, ASIC, MAS, FMA, IIROC |
| Minimum deposit from | $0 |
| Average spread from | 0.7 |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
CM Trading
Overview
CM Trading is an STP broker based in South Africa, offering traders in the rest of Africa opportunities to trade in a variety of financial instruments through MetaTrader 4 and Sirix. CM trading offers competitive trading conditions and is properly regulated to trade Forex, Index and Commodities, including Cryptocurrencies.
Pros and Cons
| PROS | CONS |
| Regulated | High minimum deposit requirement |
| Hedging and scalping allowed | Charges fees for deposits and withdrawals |
| Daily market analysis offered | |
| Commission-free accounts |
Features
| Feature | Information |
| Regulation | FSCA |
| Minimum deposit from | $250 |
| Average spread from | 0.9 pips |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:200 |
| Bonuses | Yes |
| Customer Support | 24/5 |
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Frequently Asked Questions
Are forex brokers in Sudan regulated and safe to use?
All the forex brokers in Sudan on this list are regulated.
Do forex brokers in Sudan offer demo accounts?
Yes. The forex brokers in Sudan on this list offer demo accounts that can be used to practice trading if you are a beginner or to test out the broker’s offer.
Who is the regulatory entity for Sudan?
The regulatory authority for Sudan is the Central Bank of Sudan.
Is forex trading legal in Sudan?
Yes. Forex trading is legal in Sudan. Traders are, however, warned against using the services of unregulated brokers and are thus advised to carefully select their broker as there are some unregulated brokers, like those on the list above, that are reputable.
Top 4 Brokers
