10 Best
Forex Trading Platforms and Brokers in
Lesotho

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alpari

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Avatrade

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fxtm

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Blackstone Futures

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HotForex

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XM Group

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Finding the best broker as an Egyptian traa

Forex trading offers the Basotho the opportunity to invest in the world’s largest liquid market and yes, it is 100% legal and safe for anyone in Lesotho to trade Forex.¬†All of the Lesotho online trading sites displayed in our top 10 is regulated by an authority such as the Cyprus Securities and Exchange Commission (CySEC) and others who are very respectful of the law when it comes to Forex Trading.¬†

Online Forex trading is mostly unheard of in the country of Lesotho even though they are part of international organisations such as the United Nations and the Southern African Development Community. The legislation of the country does not reflect the existence of Forex trading, but it does indeed take place in the country.  The government in this country does not have an independent regulatory body and financial transactions in the country are regulated by the Central Bank of Lesotho.  There are no legitimate Lesotho-based brokerages but multiple well-known regulated brokers are available to traders from Lesotho.

Still Trying to find information on online Forex trading in Lesotho? We have reviewed the 10 Best Forex Brokers and Platforms ‚Äď Lesotho.

der can be a very difficult process Рespecially 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 Lesotho

Olymp Trade

Olymp Trade

Founded in:  2014

Headquarters:  St. Vincent and the Grenadines

Regulation: ‚ÄéIFC

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 traders multiple assets, also 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.  Traders are also offered access to educational resources and training materials. View more Lesotho forex brokers.

 

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

 

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 ‚Äď both quickly and efficiently.

IQ Option logo

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. 

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.

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

 

Customer service which available 24/7 through email, live chat or via telephone. For traders who want to speak to customer service or search the site in their native language, IQ Option has also translated their website and offers customer support in a dozen different languages including Vietnamese, Mexican and Portuguese.

AvaTrade

AvaTrade

AvaTrade is an excellent partner for all types of trader, be it beginner or pro Рwith over 200,000 active traders around the globe, on both the MetaTrader 4 and AvaGo platforms.  AvaTrade offers great trading conditions across Forex, commodities, cryptocurrencies, ETFs, bonds, and equities and boasting FSCA and ASIC regulation. 

 

Min. Deposit

Max. Leverage

Min. Spread

Commission

Islamic

USD 100

400:1

1.3 pips

None

Professional

USD 100

400:1

1.3 pips

None

Retail

USD 100

400:1

1.3 pips

None

AvaTrade does not charge their clients for making deposits and withdrawals and the only costs are the bank card, e-wallet, or bank transfer fees.  Traders have access to professional customer support, 24 hours a day, five days a week.

AvaTrade support a wide range of languages including English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch.

XM Group

XM Group

The XM Group provides the entire suite of MetaTrader platforms and over 1300 tradeable instruments, was Founded in 2009, and is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it an 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).

XM Group’s research offering is above the industry standard, and pricing at XM Group varies by account type. 

Feature

XM Group

Forex: Spot Trading

Yes

Currency Pairs (Total Forex pairs)

57

CFDs – Total Offered

1247

Social Trading / Copy-Trading

Yes

Cryptocurrency traded as actual

No

Cryptocurrency traded as CFD

No

XM Group is a MetaTrader-only broker and offers the standard experience, including both MT4 and MT5, iOS and Android versions of the MT4 and MT5 mobile apps come standard and are both available for download from the Apple iTunes store and Android Play store, respectively.

XM Group supports 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.

fx pro

FXPro

FXPro is an online broker which was founded in 2006 and offers Forex trading, Share Dealing trading, Spot Indices trading, Futures trading, and Spot Metals and Spot Energies trading.

FXPro are a global broker and have a head office in UK.

FXPro Trading Accounts on offer are:

The following account types are available to FXPro clients and regulated under CySEC, FCA and SCB:

  • MT4 accounts with fixed spreads, floating spreads, Instant Execution and Market Execution.
  • cTrader account with floating spreads and Market Execution.
  • MT5 account with floating spreads and Market Execution.

The following account types are available to clients under DFSA:

  • MT4 account with fixed spreads and Instant Execution.
  • MT4 account with floating spreads and Market Execution.
  • cTrader account with floating spreads and Market Execution.

FXPro offers MT4 Instant, MT4 Market, MT4 Fixed Spreads, MT5, cTrader, which are available for both VIP and Islamic clients.

With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument and the broker offers support in a very wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese.

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.

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. FBS is well-regulated by the International Financial Services Commission (IFSC).

As for now FBS offers around the clock support in English, with more languages to be introduced soon.

HotForex

HotForex

HotForex offers traders a variety of account types to choose from including fixed and floating spreads, commission-free trading (in Micro, Premium and Fixed accounts) or tighter spreads, involving commission fees. Beginner traders can sign up for Micro accounts with a minimum deposit of as little as $5, and micro lots are available for trade on all accounts.


An Auto Account, which enables traders to subscribe to free and paid Trading Signals from the MQL5 Community and a HF Social account, which provides trading powered by FxStat is also on offer. HotForex is regulated by the St. Vincent & the Grenadines regulatory authority, the CySEC in Cyprus, and the FSC of the Republic of Mauritius under the HF Markets moniker. 

Account type

Minimum deposit 

Minimum trade size

Maximum leverage

 Average Spreads 

Micro 

$50

0.01

1:1000

 1.2 pip on EUR/USD

Premium

$500

0.01

1:400

1.2 on EUR/USD

Fixed

$500

0.01

1:400

1.8 pip on EUR/USD

Zero

$100 

0.01

1:200 

0.1 pips on EUR/USD + commission $4 per lot traded (per side)

Currenex

$500

0.01

1:400

0.2 pips on EUR/USD + commission $5.00 per lot traded (per side)

VIP

$20,000 

0.01

1:300

0.2 pips on EUR/USD + commission $6.00 per lot traded round turn

HotForex is a retail forex broker, offering attractive conditions for trading in a wide range of instruments, including Forex, Spot Metals and CFDs on commodities, indices and popular shares such as Google, Apple and Facebook.  Traders can contact HotForex via live chat, which is available 24/5 in multiple languages plus options for phone and email support are in more than nine languages including English and Greek.

eToro best brokers

eToro

eToro is a leading social trading platform for trading major financial markets including stocks, forex and cryptocurrencies.  eToro is a well-known social trading broker which was established in 2007 and is considered safe because its regulated by top-tier financial authorities, FCA, ASIC and CySEC, and it is a well-known fintech start-up.  

Pros

Cons

Used by 6,000,000+ traders

Doesn’t allow scalping

Established in 2006

Inactivity Fee

Regulated by Financial Conduct Authority, CySEC, ASIC

Limited range of instruments

Min. deposit from $200

 

eToro offers over 1,083 different instruments to trade, including over 47 currency pairs.

Trading Features:

Accounts offered:

Funding methods:

Offers STP 

Demo account

Credit cards

Low min deposit 

Micro account 

Bank Transfer

 

Mini account 

PayPal

 

Standard account 

Skrill

 

Islamic account 

Payoneer

  

Neteller

eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

xtb best broker

XTB

XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe.¬† XTB is regulated by some of the world‚Äôs biggest regulating authorities and has been listed on the Warsaw Stock Exchange since 2016.¬† XTB is¬†regulated¬†by several financial authorities worldwide, including the UK’s Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF).

Unique Features of XTB

XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from: 

  • xStation 5
  • MT4

XTB is different from other brokers in three main aspects: its trading platform, their level of educational and analytical materials, and a high level of support.  XTB offers free educational material in the form of their online Trading Academy and video tutorials.

Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week. Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.

Pros

Cons

Used by 230,000+ traders

Doesn’t offer VPS 

Established in 2002

Limited range of instruments

Regulated by Financial Conduct Authority

Not ASIC Regulated 

Min. deposit from $1

 

To open a live account, traders will need a minimum deposit of at least $1.

Trading Features:

Accounts offered:

Funding methods:

Allows scalping 

Demo account

Credit cards

Allows hedging 

Micro account 

Bank Transfer

Offers STP 

Mini account 

PayPal

Low min deposit 

Standard account 

Skrill

Guaranteed stop loss 

Islamic account

Payoneer

Offers Negative Balance Protection

 

Netelle

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

pepperstone best broker

Pepperstone

Pepperstone Limited is an online forex and CFD broker which providers traders with low-cost pricing across all forex, CFDs and commodities.

Pepperstone offers a range of online trading platforms which include: 

  • MetaTrader 4¬†(MT4)
  • cTrader
  • WebTrader¬†
  • Mobile apps for iPhone, Android and tablets¬†

Recently, Pepperstone has made the announcement that they will in future also be offering the MetaTrader 5 (MT5) platform. 

Pros

Cons

Segregates client funds

Limited range of instruments

Established in 2010

 

Regulated by Financial Conduct Authority, UK and ASIC

 

Min. deposit from $200

 

To open a live account, traders will need to make a minimum deposit of at least $200, alternatively, Pepperstone offers a demo account. Pepperstone also offers traders over 170 different instruments to trade, including over 61 currency pairs.

Trading Features:

Accounts offered:

Funding methods:

Allows scalping 

Demo account

Credit cards

Allows hedging 

Mini account 

Bank Transfer

Offers STP 

Standard account 

PayPal

Low min deposit 

MAM/PAMM account 

Skrill

Offers Negative Balance Protection

Islamic account

Payoneer

  

Neteller

Pepperstone supports a wide range of languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic.

Traders should find, review, compare and then only select an online trading broker and platform in Lesotho. To begin trading, buying and selling stocks, shares, bonds, futures, commodities, currencies, forex, options, mutual funds, gold, oil, silver, ETF’s and CFD’s online, from a desktop or mobile is only possible through the use of a trusted brokerage, and we know finding one who suits a traders individual needs may be a tough ask, so we have added 4 more Best broker and trading platforms to the list.

easyMarkets

EasyMarkets

EasyMarkets is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner and established forex traders:

  • Enhanced risk management tools as standard
  • Fixed spreads on all forex pairings
  • An easy to use forex trading platform

Risk Management Tools on offer include:

  • Guaranteed Stop Loss Orders
  • Negative Balance Protection

EasyMarket offers award winning customer service during market hours via live chat, email, fax or telephone.  EasyMarket customer service is available in four languages to include English, Polish, Chinese, and Arabic. 

Roboforex robo forex best brokers

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 ‚Äď Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic and all accounts support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, and much more.

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.  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.  Trading 212 is regulated by the Financial Conduct Authority (FCA) and Financial Supervision Commission (FSC).

Trader can trade in over 3000 instruments and over 177 currency pairs.  Trading 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 including English.

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.  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. FP Markets is regulated by the Australian Securities and Investments Commission (ASIC).

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.

In Conclusion

When trading in Lesotho, traders must make sure they know what their options are when it comes to brokers in Lesotho that are suitable for trading in the Forex, CFD’s, Indices and ETFs, Cryptocurrencies or commodity markets.¬† Investing time when it comes to researching multiple brokers before making a final choice can and will mean the difference between profit and loss.