10 Best
Forex Trading Platforms and Brokers in
Egypt
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Finding the best broker as an Egyptian trader can be a very difficult process – especially one which accepts Egyptian traders and allow them to invest in their own currency, the Egyptian pound. This list not only offers this but also the Best Forex Trading Broker Platforms in Egypt which offer their services in both English and Arabic which is the official language in Egypt, and one of the most widely spoken language among Egyptians.
In this article, traders can find an overview of the 10 Best Forex Brokers and Platforms which allows for trade in Stocks, Indices, Binary Options, CFD s, ETFs, Forex and some cryptocurrencies, including Bitcoin and Ethereum in Egypt.
These brokers also support payment options that will allow Egyptian trades to make deposits and withdrawals coupled with the lowest fees and support one or all of the MT4, MT5 and cTrader trading platforms.
The Best Forex Trading Platforms and Brokers in Egypt
Forex Time (FXTM)
orex 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: 6.4 / 10
- Overall Score: 6.8 / 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.
Alpari
Alpari with its long-standing brand history, numerous offices, range of account types and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms.
Alpari User likes and Dislikes:
Likes | Dislikes |
Licensed in Russia, Belarus, Mauritius, Belize, St. Vincent & the Grenadines | Product offering segmented across global brands |
Wide range of MT4/MT5 account types | Narrow range of CFD trading instruments |
Launched CFDs on Bitcoin | Less research content on English site compared to Russian version |
Member of External Dispute Resolution (EDR) organization |
Is Alpari Safe?
Alpari is considered high-risk as it is not publicly traded and does not operate a bank. Alpari is authorised by zero tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). Alpari is regulated by the FSC.
Commissions & Fees
The commissions and fees at Alpari are varied and depend on the account type and platform used.
Customer Service
- Average Connection Time: <1 minute
- Average Net Promoter Score: 6.33 / 10
- Average Professionalism Score: 5.2 / 10
- Overall Score: 6.5 / 10
- Ranking: 26th in 43 brokers
Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker. The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.
InstaForex
InstaForex is a MetaTrader only broker and is considered high-risk and is not publicly traded and does not operate a bank. InstaForex is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). InstaForex is regulated by both CySEC and FSC.
Pros | Cons |
InstaForex TV videos are cleanly recorded, consistently delivered, and the broker’s in-house market commentary is relevant and timely | Default MetaTrader platform offered with no premium features |
While InstaForex is authorised by the FCA, it is not regulated by the FCA |
Commissions & Fees
InstaForex offers users two main account types:
- Insta.Standard (ECN / non-dealing desk)
- Insta.Eurica (dealing desk).
Both above mentioned accounts have a 1 USD minimum deposit.
Research & Education
InstaForex provides a range of offerings which includes InstaForex’s daily market analysis blogs and technical analysis posts via MT5. Interviews, weekly reviews, and educational videos are also available.
Education primarily includes videos, a glossary, and a variety of text articles based on forex trading.
Platforms & Tools
InstaForex is a MetaTrader4-only broker – offering the MT4 platform suite from MetaQuotes Software Corporation, developer of the widely popular MT4 and MT5 platforms for desktop, mobile, and web.
- InstaForex features only the default functionality
- No other third-party platforms or plugins provided to traders
iOS and Android versions of the MetaTrader 4 mobile app come standard and are both available for download from the Apple iTunes store and Android Playstore, respectively.
XM Group
The XM Group provides the entire suite of MetaTrader platforms plus over 1300 tradeable instruments.
- The XM Group is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading. XM Global Limited is authorised and regulated by the International Financial Services Commission (IFSC) (60/354/TS/19).
- Pricing at XM Group varies by account type.
XM Group is considered as an average-risk, and is not publicly-traded and does not operate a bank.
Offering of Investments
The XM Group offers traders CFDs on 1200 stocks, 30 indices, eight commodities, four metals, five energies, and 57 forex pairs.
Commissions & Fees
The commissions and fees at XM Group is depended on the type of account used.
Spreads: In the XM Zero account, average spreads on the EUR/USD stand at 0.1 pips (according to XM Group website data, and not including commission), compared to the commission-free Standard and Micro account, which had average spreads of 1.7 pips for the same pairs.
Commissions: Even after including the USD $3.5 per side commission ($7 per Round Turn), and average spreads of 0.1 pips on the EUR/USD, the all-in cost to trade is 0.8 pips (0.1 spread + 0.7 RT commission), making the XM Zero account the firm’s most competitively priced offering.
Platforms & Tools
XM Group is a MetaTrader-only broker offering the standard experience which includes both MT4 and MT5.
XM Group’s research offering consists of:
- Content generated by an in-house team of analysts including:
- Daily market recaps and
- Technical and fundamental analysis articles and videos.
- An economic calendar powered by Investing.com
Trading signals: The XM Group offers its trading signals hub to live account holders but, trading signals that can be automated are currently limited to the Signals Market available within the MetaTrader platform.
Technical analysis: The XM Group offers Tradepedia, which provides educational Forex and CFD content.
Video news analysis: The XM Group creates daily forex news videos with market analysis explained in a TV interview-style format.
Customer Service
- Average Connection Time: <1 minute
- Average Net Promoter Score: 6.66 / 10
- Average Professionalism Score: 5.2 / 10
- Overall Score: 6.7 / 10
- Ranking: 24th out of 43 brokers
FXPro
FXPro is an online broker which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies trading. FXPro is a global broker and has a head office located in the UK. Since 2007, FxPro has been regulated by CySEC and operates under the CIF license number 078/07. As a CySEC regulated broker, FxPro is also a member of the Investor Compensation Fund scheme.
FXPro provide traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of $100.
What can be traded with FXPro?
- Over 250 instruments
- Over 70 currency pairs
FXPro is one of the few brokers in the market who offers both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.
FXPro Trading benefits include:
- Allows scalping
- Allows hedging
- Low min deposit
- Offers Negative Balance Protection
With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument chosen.
Admiral Markets
Admiral Markets is an online broker which was founded in 2001 and offers Forex and CFDs trading, is globally recognized and has a head office based in the UK. Traders will need a minimum deposit of $200 to start and can sign up for a demo account to in over 148 instruments and over 40 currency pairs.
Admiral Markets is authorised and regulated by the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Estonian Financial Supervision Authority (EFSA).
Admiral Markets Trading benefits include:
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Offers Negative Balance Protection
Admiral Markets Trading Accounts Offered:
- Demo account
- Micro account
- Mini account
- Standard account
- ECN account
- STP account
Admiral Markets offers both of the MetaTrader platforms; MT4 and MT5 and mobile apps for Android and iOS.
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.
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. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa.
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 acquaint 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
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.
Roboforex
Roboforex are an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading. When starting off with Roboforex traders will need to make a minimum deposit of $1 and there is an option available for a demo account for those who would like to get acquainted with the platform.
Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs. Roboforex offers over 100 instruments and over 35 currency pairs in total. RoboForex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.
Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders. Roboforex also offer mobile apps for Android and iOS.
Roboforex Trading benefits:
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
Roboforex Trading Accounts include – Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic.
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.
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.
ThinkMarkets
ThinkMarkets, formerly known as ThinkForex was established in 2010 and is regulated in Australia (TF Global Markets Pty), the UK (TF Global Markets Limited), and Bermuda (Think Capital Limited). ThinkMarkets provides regulated forex and CFDs on multiple asset classes, including cryptocurrencies. TF Global Markets (South Africa) Pty Ltd is authorised and regulated by the FSCA, FSP No 49835.
Benefits of trading with ThinkMarkets include:
- Trade Interceptor desktop
- Branded mobile platform – alternative to MetaTrader 4.
- Unique cryptocurrency offering.
Feature | ThinkMarkets |
Forex: Spot Trading | Yes |
Currency Pairs (Total Forex pairs) | 40 |
CFDs – Total Offered | 192 |
Social Trading / Copy-Trading | Yes |
Cryptocurrency traded as actual | No |
Cryptocurrency traded as CFD | Yes |
Considerations: Standard Account holders will not have access to AutoChartist or an account manager.
ThinkMarkets is considered average-risk, commissions and fees will vary depending on the type of ThinkMarkets account chosen. ThinkMarkets offers three account types and a separate account type for its Trade Interceptor platform offering. The ThinkMarkets inhouse team of analysts produces multiple daily blog articles covering technical and fundamental news analysis across forex and CFD markets with an economic calendar powered by FXStreet.
IQ Option
Founded in: 2013
Headquarters: Cyprus
Regulation: CySEC
Platforms: In-House Platform
Leverage: 1:30 and/or 1:1000
Minimum Deposit: USD$10
IQ Option is a broker developed under the IQ Option Europe company which was founded in 2013. IQ Option contains a CySEC license Cyprus Securities and Exchange Commission from Cyprus, with permission to provide its financial services within the European Economic Area zone, with several licenses from other EU local jurisdictions. IQ Option offers its clients services in binary options, stocks and shares, currencies, and ETF trading.
Pros | Cons |
Regulated by the Cyprus Securities and Exchange Commission (CySEC) | Does not provide MT4 and MT5 trading platforms |
Easy and convenient method of opening an account | Not available for traders in the US, Canada, Australia, Japan, and other countries |
Wide range of trading instruments | |
No deposit and withdrawal fees |
The IQ Options trading platform and website are available to traders in thirteen different languages and allows traders to choose the currency to trade with. The selections of currencies are: GBP, RUB, EUR, IDR, USD, MUR, and Yuan.
Olymp Trade
Founded in: 2014
Headquarters: St. Vincent and the Grenadines
Regulation: IFC
Platforms: Olymp Trade WebTrader
Leverage: 1:500 on FX Trading
Minimum Deposit: USD$10
Olymp Trade is a well-known online trading platform, which offers trader multiple different assets, including binary options. Safety measures and precautions are put first by this platform and it is considered a financial organization which keeps the interests of their clients in mind at all times.
Olymp Trade is part of an international organization, the Financial Commission, and the minimum amount required to start investments and open a live account plus Technical support is available 24/7 in a multitude of languages by a team of specialists, through email, phone and chat – both quickly and efficiently. Olymp Trade is regulated by the International Finance Commission.
Pros | Cons |
No deposit or withdrawal fee | Only one trading platform available |
Free Demo Account available | Not available for trading in all countries (EU, UK, and USA included) |
Member of the Financial Commission | Long withdrawal process |
Customer service available 24\7 |
Traders are also offered access to educational resources and training materials.
Blackstone Futures
BlackStone Futures was founded in 2009 and is an established FSCA-regulated broker based in Johannesburg, South Africa and offers traders both ZAR and USD accounts on MT4 and the proprietary CloudTrade platforms. Traders just starting out receives excellent educational support.
Trading Conditions include –
Minimum Deposit | ZAR 1000 |
Base currencies | ZAR, USD |
Number of FX Pairs | 32 |
Hedging Allowed | Yes |
Scalping | Yes |
Swap-Free Accounts | No |
BlackStone Futures only allows withdrawals via bank transfer, and apart from the Economic Calendar and Market Sentiment tool, BlackStone Futures also offers daily market analysis via its social media channels. Customer support is available with the trading desk – 24/5, via live chat, telephone, email, Telegram, WhatsApp and via a call back service.
BDSwiss
BDSwiss is well regulated by CySEC that offers 3 types of accounts – Basic, Raw, and Black VIP. These accounts come with a minimum deposit of $100 accept the Raw account which has a monthly subscription fee of between $1 and $79.
BDSwiss offers both full demo and Islamic accounts are available and traders can fund their account through wire transfer deposits as well as through credit card and deposits which are fee free in most cases. Trading with the broker takes place through MT4, MT5, and WebTrader.
In Conclusion
Ultimately, once a trader has established a trustworthy relationship with one of the top forex brokers in the industry and mentioned on this list, utilising the features and tools to learn more about the markets and industry will certainly help them to unlock not only earning potential but also other benefits which have attracted many other traders in the past.
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