10 Best
Forex Brokers and Trading Platforms in the
Congo

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

For those who are new to forex trading and live in the Democratic Republic of the Congo the biggest question is – “which forex broker should I use online?” In this article, we break down ten of the best forex brokers and trading platforms for Congolese traders to use online.

 

All Congolese traders should start off by considering the following:

Is the broker regulated?

Congolese traders who are looking for an online forex broker need to make sure that the company is regulated and registered as a member of different financial institutions. The purpose behind regulations are to ensure that the company complies with certain rules outlined for the protection of the Foreign Exchange Markets.

 

Some of the most popular and well-known financial institutions that an online Forex broker could be registered with includes, but are not limited to:

 

  • The Financial Conduct Authority (FCA)
  • The Cyprus Securities and Exchange Commission (CySEC)
  • The Financial Services Authority (FSA)
  • The Dubai Financial Services Authority (DFSA)

 

In order to find out if a Forex broker is regulated or not traders can simply browse through the brokers official website and read more about the company. It is very important to take this step before opening an account with any online broker to ensure that it is safe for them to engage in trading activities with the company.

How does a broker assure the safety of clients funds?

The security of funds is a very important consideration. Most online forex brokers make use of a segregated (set apart from each other; isolated or divided) account, in which all client funds are safely kept.  The broker stores all client’s funds, separately from the firm’s money to ensure complete security of funds for their traders.  The broker does not have any access to the funds stored in the segregated account meaning that should the firm suffer great financial loss; they can’t make use of their trader’s funds to improve the financial position of the company.

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

Here is an overview of the 10 Best Forex Brokers And trading Platforms available to traders in the Democratic Republic of the Congo:

FP Markets

FP Markets

FP Markets is a global, online broker which was founded in 2005 and offer Forex trading and has a head office situated in Australia.  FP Markets is regulated by the Australian Securities and Investments Commission (ASIC).  When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer.

 

Over 100 instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform.  FP Markets also offers traders mobile apps for Android and iOS.

 

FP Markets Trading benefits include:

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

 

FP Markets Trading Accounts Offered include: Demo, Mini, Standard, ECN, STP, Managed and Islamic and all accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.

XM Group

XM Group

XM is an online broker which was founded in 2009 and offers traders Forex and CFDs trading.  XM is a global broker and has a head office situated in Cyprus.

 

Regulated By‎: ‎FCA, CySec, ASIC

 

A starting account will need a minimum deposit of $5. XM is able to accommodate various levels of traders whether they are experienced or just starting off.

 

Traders can trade in a wide variety of instruments and currency pairs over 100 instruments and over 80 currency pairs.  XM offers both of the MetaTrader platforms; MT4 and MT5 plus mobile apps for Android and iOS.

XM Trading benefits:

 

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection

 

XM Trading Accounts Offered include: Demo, Micro, Mini, Standard, Zero Spread and Islamic and all accounts support a wide range of languages including Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish

AvaTrade

AvaTrade

AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands.

 

For those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquainted with the popular MT4 forex trading platform.  AvaTrade also offer mobile apps for Android and iOS.  AvaTrade is perfect for various levels of traders including beginners and all traders can trade a wide variety of instruments and currency pairs.

 

  • Over 250 instruments
  • Over 80 currency pairs

 

Regulations include:

 

  • In Europe, the broker is regulated by the Central Bank of Ireland under license #C53877.
  • In Australia, the broker is licensed by the ASIC under license #406684.
  • In Japan, the broker is licensed by the FSA under license #1662 and the FFA under license #1574.
  • In South Africa, the broker is licensed by the FSB under license #45984.

 

AvaTrade Trading benefits include:

 

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

AvaTrade Trading Accounts on offer include: Demo, Micro, Mini, Standard and Islamic and AvaTrade allows traders to execute a minimum trade of 0.01 Lot and support a wide range of languages including English, Italian, German, French and Greek.

ic markets

IC Markets

IC Markets is an online broker which was founded in 2007 and offers Forex, CFDs, Spread Betting, Share dealing, and Cryptocurrencies trading on offer both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders. IC Markets is authorised and regulated by the Financial Services Authority (FSA) of Seychelles.

 

IC Markets is a global broker and has a head office situated in Australia and new traders will need a minimum deposit of $200 to get started and a demo account is on offer for those who want to get acquainted with the IC Markets platform.  IC Markets are able to accommodate various levels of traders whether they are experienced or just beginning in the trading game.

 

Traders can trade in a wide variety of instruments and currency pairs

 

  • Over 232 instruments
  • Over 65 currency pairs

 

IC Markets also offer traders mobile apps for Android and iOS and two accounts types, Standard account and Raw Spread account.  IC Markets supports a wide range of languages including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German and more.

Forex Time (FXTM)

FXTM

Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.

 

Forex Time (FXTM) User Likes and Dislikes:

 

Likes

Dislikes

Provides multiple execution methods by account type

Leverage caps and margin restrictions on ECN accounts

Regulated in several jurisdictions, including outside the EU

Certain range of markets segmented across account types

Offers Cryptocurrency CFDs

On ECN accounts, stop and limit levels can be added only post execution

FXTM Invest for auto trading

Low max order size of 30 standard lots per trade

 

Is FXTM Safe?

 

FXTM is considered average-risk and is not publicly traded and does not operate a bank. FXTM is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust).  FXTM is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295.

 

Commissions & Fees

 

FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary.  Three accounts are offered under the Standard category.

 

Customer Service

 

  • Average Connection Time:<1 minute
  • Average Net Promoter Score:6 / 10
  • Average Professionalism Score:4 / 10
  • Overall Score:8 / 10
  • Ranking:23rd of 43 brokers

 

FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.

eToro best brokers

eToro

eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK.  eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert.

 

eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

 

Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

 

eToro trading accounts on offer include:  Demo, Micro, Mini, Standard, STP and Islamic.  eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

pepperstone best broker

Pepperstone

Pepperstone is a global online broker which was founded in 2010 and offers Forex, CFDs and Social Trading.   Pepperstone is regulated and supervised by reputable organisations with a head office based in Australia.  Pepperstone is regulated by two top-tier financial authorities, the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

 

With Pepperstone new traders will need a minimum deposit of $200 to open an account and the option is available to sign up for a demo account to familiarize themselves with the Pepperstone platform.  Pepperstone can accommodate various levels of traders whether a trader is experienced or just starting off in the trade.  Traders have the option to trade in over 100 instruments and over 70 currency pairs.

 

Pepperstone is one of the few brokers available that offer traders both of the MetaTrader platforms; MT4 and MT5 coupled with cTrader. Pepperstone also offer traders mobile apps for Android and iOS for the complete package.

 

Pepperstone benefits include:

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

 

Pepperstone allows traders to execute a minimum trade of 0.01 Lot and supports a wide range of languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic.

trading212 best forex

Trading 212

Trading 212 is a global online broker which was founded in 2006 and offers trading in Stocks, Forex, Commodities and Indices trading and is regulated by the FCA.  With Trading 212 new traders will need a minimum deposit of $1 to start and they have the option to sign up for a demo account.

 

Trading 212 accommodates traders on various levels, whether it be experienced or novice.  Trading 212 is regulated and supervised by reputable organisations and have won numerous industry awards over the past 14 years that they have been in operation.

 

Traders can trade in over 3000 instruments and over 177 currency pairsTrading 212 offer traders a user-friendly custom trading platform which is also available as a browser-based web application alongside mobile apps for Android and iOS.

 

Trading 212 benefits include:

 

  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Trading 212 also offers traders a good selection of educational resources and offers customer support in a wide range of languages.

FBS

FBS

FBS offers traders a choice of four accounts and all accounts offer market execution and the chance to trade in micro lots in Cent accounts for more precise risk management.  FBS is regulated by the International Financial Services Commission.

 

Account type

Minimum deposit

Minimum trade size

Maximum leverage

Spreads

Cent

$1

0.01 lot

1:1000

from 1 pip

Standard

$100

0.01 lot

1:3000

from 0.5 pips

Zero Spread

$500

0.01 lot

1:3000

0 pips + $20/lot

Micro

$5

0.01 lot

1:3000

fixed, from 3 pips

ECN

$1000

0.1 lot

1:500

from -1 pip + $6/lot

 

FBS is a popular international broker and offers clients competitive trading conditions, a wide range of trading accounts, payment methods, a choice of fixed and variable spreads, Metatrader 4 and MetaTrader 5, as well as various promotions.  An account with FBS can be opened for just $1. The activities of FBS are regulated by the International Financial Services Commission.

 

Traders must always keep in mind that no one Broker will suit each trader or their individual trading style and taking time and doing research is extremely important.  With that in mind, here is a quick overview of 5 more mention worthy Forex Brokers and Platforms available to those in Egypt.

BDSwiss

BDSwiss

BDSwiss is a large forex & CFD broker mainly based in Cyprus with separate entities registered in Mauritius and the Seychelles and is regulated by both CySEC and FSC.  When it comes to instruments available for trading, BDSwiss offers nearly all of the commonly traded major and minor forex pairs, over 20 cryptocurrency CFDs, major stock indices and various commodity CFDs. BDSwiss also offers stock CFD trading in over 100 companies from the UK, US, and Europe.

 

70+ Currency Pairs

Based on major and minor world currencies.

21 Crypto Pairs

Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Monero, Ripple, Zcash, OmiseGO, EOS, IOTA, NEO, TRON.

12 Indices CFDs

Based on baskets of different blue-chip stocks.

4 Metal CFDs

Based on Gold, Silver and Palladium.

3 Energy CFDs

Based on Crude Oil (WTI, Brent) and Natural Gas.

100+ Stock CFDs

Based on shares of US, UK and EU companies.

 

BDSwiss offers traders its own proprietary web platform plus the downloadable desktop platform MetaTrader 4 (MT4, as well as its successor MT5.

 

Traders with BDSwiss can choose between three account types, a Basic Account, a Raw Spread Account, and a Black VIP Account. Demo accounts are also on offer.  Account funding is available with the e-wallets Neteller, Skrill, iDeal, and Sofort plus bank wire transfers and credit cards. Trading accounts can be opened in euros, US dollars, or British pounds.

 

BDSwiss offers customer care via local phone numbers with support for 10 different languages, WhatsApp and Telegram 24 hours a day on trading days.

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

The best way for traders to get to know how each brokers platform works and what tools they have on offer will be by opening a demo accountDemo accounts are risk-free trading accounts which are funded with virtual money and allows traders to experience the potential of live trading and explore all of the tools available at their disposal.

 

Since the global finance markets are used by traders across the world, it is important that forex traders consider multiple online Forex brokers – here are four more mention worthy Forex Brokers available to traders situated in the Democratic Republic of the Congo.

xtb best broker

XTB

XTB is a trusted multi-asset broker which is authorised and regulated by the Financial Conduct Authority and provides a well-rounded, competitive offering including excellent customer service and the xStation 5 trading platform.  XTB is the top choice for 230,000+ Forex traders globally.  XTB Ltd is authorised and regulated by the Financial Conduct Authority.

 

Feature

XTB

Forex: Spot Trading

Yes

Currency Pairs (Total Forex pairs)

49

CFDs – Total Offered

1894

Social Trading / Copy-Trading

Yes

Cryptocurrency traded as actual

No

Cryptocurrency traded as CFD

Yes

 

XTB offers traders a Standard (for UK and Ireland residents only) and a commission-based Pro account and each account will come with its own execution method and spread model, in terms of commissions and fees.  The xStation 5 is the primary platform offering alongside the full MetaTrader 4 suite. Since xStation 5 does not support automated trading, MT4 must be used. A Mobile trading option is also on offer.

Traders can reach customer service in multiple languages, including some minor ones like Hungarian or Romanian.

Axi Affiliates

Axi Affiliates is an online broker which was founded in 2007 and offers Forex, CFDs and Social Trading, is a global broker and has a head office situated in Australia with no minimum deposit needed to get started plus a demo account is on offer. Axi Affiliates is authorised and regulated by the Australian Securities & Investments Commission (ASIC).  Axi Affiliates is able to accommodate various levels of traders and offers the MT4 forex trading platform plus mobile apps for Android and iOS, respectively. Axi AffiliatesTrading benefits include:
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Axi Affiliates Trading Accounts on Offer include Demo, Micro, Mini, Standard, ECN, STP and Islamic . Customer Support can be contacted via:
  • Live chat
  • Phone
  • Email
Toll free numbers are available in Australia, China, Germany, Hong Kong, Indonesia, Malaysia, New Zealand, Singapore, Spain, Thailand and the UK.
swiss markets

Swiss Markets

Swiss Markets is a forex broker which operates out of the two offshore jurisdictions Mauritius and the Seychelles, but not Switzerland as the name would suggest. Even though Swiss Markets is based offshore it is still regulated by the relevant government agencies in the two countries, the Seychelles Financial Services Authority (SFSA) and the Financial Services Commission (FSC) of Mauritius. 

 

For traders who want to trade in wide selection of assets, Swiss Markets offers trading in over 50 currency pairs and stocks of about 130 American and European companies to choose from. In addition to this, stock indices, various commodities, and popular cryptocurrencies are also on offer.

 

Trading Instruments available include:

 

50+ Currency Pairs

Based on major and minor world currencies.

6 Crypto Pairs

Based on Bitcoin, Ethereum, Litecoin.

12 Indices CFDs

Based on baskets of different blue-chip stocks.

4 Metal Spot CFDs

Based on Gold, Silver and Platinum.

3 Energy Spot CFDs

Based on Crude Oil (WTI, Brent) and Natural Gas.

130+ Stock CFDs

Based on shares of US, UK and EU companies.

 

Swiss Markets offers traders the MetaTrader 4 (MT4) platform plus a multitude of different account types to choose from, depending on how much capital is deposited and how often trades are made.

 

Accounts to choose from include:

 

  • Classic STP Account
  • Raw STP – Swiss11
  • Raw STP – Swiss8
  • Raw STP – Swiss5

 

All trading accounts can be opened with either EUR, USD, GBP, CHF, or PLN as the base currency and can be funded with payment cards like Visa or MasterCard, bank wire transfer, or e-wallet platforms like Skrill, Neteller, Sofort, and iDeal, and more. Customer service is offered via local phone lines with local language support in English, Spanish, German, and Greek plus live chat.

HYCM

HYCM

HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.

 

Traders starting off with HYCM will need to make a minimum deposit of at least $100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice.

a wide variety of instruments and currency pairs are available for trade:

 

  • Over 100 instruments
  • Over 40 currency pairs

 

HYCM Trading benefits:

 

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

HYCM Trading Accounts on offer include Demo, Micro, Mini, Standard and Islamic and the minimum and maximum trade requirements will vary depending on the trader and the instrument.  HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

In Conclusion

When a trader finds themselves faced with the question –  “which forex broker should I use online?” they should be sure to have a look at these fourteen brokers to help them reach an informed decision. Open demo accounts with each broker to find out more about how their trading platform and tools work and get a feel of how the real-life trading experience would be.

EXNESS is this month's #1 Broker

BDSwiss is a large forex & CFD broker mainly based in Cyprus with separate entities registered in Mauritius and the Seychelles and is regulated by both CySEC and FSC.  When it comes to instruments available for trading, BDSwiss offers nearly all of the commonly traded major and minor forex pairs, over 20 cryptocurrency CFDs, major stock indices and various commodity CFDs. BDSwiss also offers stock CFD trading in over 100 companies from the UK, US, and Europe.

 

70+ Currency Pairs

Based on major and minor world currencies.

21 Crypto Pairs

Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Monero, Ripple, Zcash, OmiseGO, EOS, IOTA, NEO, TRON.

12 Indices CFDs

Based on baskets of different blue-chip stocks.

4 Metal CFDs

Based on Gold, Silver and Palladium.

3 Energy CFDs

Based on Crude Oil (WTI, Brent) and Natural Gas.

100+ Stock CFDs

Based on shares of US, UK and EU companies.

 

BDSwiss offers traders its own proprietary web platform plus the downloadable desktop platform MetaTrader 4 (MT4, as well as its successor MT5.

 

Traders with BDSwiss can choose between three account types, a Basic Account, a Raw Spread Account, and a Black VIP Account. Demo accounts are also on offer.  Account funding is available with the e-wallets Neteller, Skrill, iDeal, and Sofort plus bank wire transfers and credit cards. Trading accounts can be opened in euros, US dollars, or British pounds.

 

BDSwiss offers customer care via local phone numbers with support for 10 different languages, WhatsApp and Telegram 24 hours a day on trading days.