10 Best
Forex Trading Platforms and Brokers in
Liberia

Maximize
the stock
Markets

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

Forex trading offers Liberians the opportunity to invest in the world’s largest liquid market but finding the best brokerage firm as a Liberian trader can be a difficult process. In this article we have listed the best trading sites which allows Liberian traders to trade StocksIndicesBinary OptionsCDFsETFsForex and some cryptocurrencies like Bitcoin and Ethereum on the worlds best platforms including MT4 and MT5. 

Many globally recognized forex brokers have their representative offices in South Africa and whilst big names do speak for themselves, some in-depth research of the background of a selected company is never a waste of time.  In this article we have listed the 10 Best Forex Brokers and Platforms in Africa.

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

We highly recommend all 10 Forex Brokers and trading platforms mentioned on this list.

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.

xtb best broker

XTB

XTB is an online broker which was founded in 2002 and offers Forex, CFDs, and Cryptocurrency trading.  XTB is a global broker with their head office situated in Poland.  XTB Ltd is authorised and regulated by the Financial Conduct Authority (FRN 522157)

 

XTB have won numerous industry awards over the 18 years that they have been operating as a financial broker and traders can choose to trade in a wide variety of instruments over 1,500 instruments and over 50 currency pairs in fact.  XTB offer traders the popular MT4 forex trading platform alongside the award-winning Xstation5.

 

XTB also offers traders mobile apps for Android and iOS and customer support in a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.

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.

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.

OctaFX

OctaFX

OctaFX is a CySEC regulated online broker which was founded in 2011 and offers Forex trading and for those who are looking to make a start, a minimum deposit of $5. A demo account is also on offer for those wishing to acquaint themselves with OctaFX – both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform is on offer.  OctaFX also offer mobile apps for Android and iOS.

 

OctaFX are able to accommodate various levels of traders and has won numerous industry awards over the past 9 years. OctaFX doesn’t charge commission on CFD instruments.

 

OctaFX Trading benefits include:

 

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

 

OctaFX Trading Accounts on Offer include demo, Micro, Mini, Standard, zero spread, STP and Islamic and is regulated by Financial Conduct Authority (FCA).

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. The XM is able to accommodate a various level 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 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

 

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.

FXCM

FXCM

FXCM caters to multiple trader types including High-volume traders, algorithmic traders, and traders who appreciate robust trading tools and quality market research.

 

FXCM is considered low-risk. FXCM’s parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust).  Regulations includeFCA, ASIC, AMF, FSCA.

 

Commissions & Fees

 

FXCM stands out the most in regards to its Active Trader account offering, where low commission rates and average spreads provide competitive pricing for high volume traders.  Active Trader accounts are available for clients who deposit at least $25,000, which comes with a lower commission rate of $25 per million and access to premium research.  Standard account holders are only charged the prevailing spreads, Active Trader accounts are charged a commission per trade, in addition to reduced prevailing spreads.

 

Platforms & Tools

 

FXCM offers a growing range of trading platforms and tools including:

 

  • Trading Station desktop:FXCM’s flagship trading platform, caters well to forex traders of all skill levels.
  • Trading Station web:The web version of Trading Station features includes news, videos, research, market data signals, and links to external resources.
  • Ninja Trader: Features numerous trading tools, including automated trading capabilities.
  • Algorithmic Trading:The FXCM App store provides various add-ons, technical indicators, and automated trading robots.

 

Customer Service

 

  • Average Connection Time:<1 minute
  • Average Net Promoter Score:3 / 10
  • Average Professionalism Score:2 / 10
  • Overall Score:77 / 10
  • Ranking:3rd in 22 brokers

 

FXCM provides a wide variety of market research and related resources. A combination of Trading Station and MetaTrader4 (MT4), FXCM delivers a reliable, feature-rich mobile offering for forex traders.

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.

 

With so many globally recognized and Regulated Forex Brokers offering their services to Liberian traders, we were hard pressed not to add the following 5 Best Forex Brokers and Platforms to our list.

fx pro

FXPro

FXPro is an online broker which was founded in 2006 offering Forex trading, Share Dealing trading, Spot Indices trading, Futures trading, and Spot Metals and Spot Energies trading.  FXPro are a global broker and has a head office based in the UK.

 

  • Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)
  • Min Deposit: 100
  • Used by over 10,000 traders

 

FXPro provides traders with access to top-tier liquidity and advanced trade execution.

 

FXPro Trading benefits:

 

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

 

FXPro Trading Accounts Offered:

 

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

 

  • MT4 account with fixed spreads and Instant Execution.
  • MT4 account with floating spreads and Instant Execution.
  • MT4 account with floating spreads 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 VIP and Islamic clients.

Forex Time (FXTM)

Forex Time (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.

alpari

Alpari

Alpari is a great choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms due to its established brand history, multiple offices, and range of account types and diverse managed account offering for investors.  Alpari is regulated by the FSC and the brand offers traders access to nearly 50 forex pairs and 30 CFDs on indices, commodities, precious metals, and on Bitcoin.

 

Feature

Alpari

Forex: Spot Trading

Yes

Currency Pairs (Total Forex pairs)

48

CFDs – Total Offered

16

Social Trading / Copy-Trading

Yes

Cryptocurrency traded as actual

No

Cryptocurrency traded as CFD

Yes

 

The commissions and fees at Alpari vary depending on the account type and platform used native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.

FBS

FBS

The activities of FBS are regulated by the International Financial Services Commission and 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.

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.  HotForex is regulated by the St. Vincent & the Grenadines regulatory authority, the CySEC in Cyprus, and the FSC of the Republic of Mauritius.

 

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 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.

 

The HotForex client desk is available 24/5 during Market opening hours and offers multilingual support. Clients can contact support agents via Live Chat, Telephone, Email and an Online Contact Form.

Maximize
the stock
Markets

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

In Conclusion –

For both beginner and expert Forex Traders in Liberia, the first and most important step in their Forex Trading Journey is picking a broker.  No one broker will suit all traders, therefor traders must take their own personal trading style and needs into consideration before making their final choice and committing to a specific broker.

EXNESS is this month's #1 Broker