Forex Trading Platforms and Brokers in
Mozambique is best known for its rich and extensive natural resources, with the country’s economy based largely on agriculture. The industry is steadily growing, mainly in aluminium and petroleum production – making Mozambique a hub for beginner and experience Forex Traders alike. South Africa is Mozambique’s main trading partner and it is well-known that South Africa is a global leader in Forex. Even though this country holds so much potential, there are no regulated, nor trustworthy Forex Brokers available, locally situated, to choose from, and traders will have to look into globally regulated Forex Brokers in order to trade.
Here is an Overview of the 10 Best Forex Brokers and Trading Platforms who accept Mozambican traders.
Exness is authorised by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.
Exness offers traders 5 different trading accounts to choose from. Standard Accounts include the Standard and Standard Cent. Professional Accounts include Raw Spread, Pro and Zero. Demo accounts and Islamic swap-free accounts are also available. Exness offers over 105 different instruments to trade, including over 103 currency pairs.
Exness supports a wide range of languages including English, Portuguese, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.
Regulation: ASIC, CySEC
Platforms: IRESS, MT4, MT5
Found in: 2005
The FP Markets was established in 2005 and serves over 12,000 clients across the globe. FP Markets connect traders to the market through electronic bridges and DMA pricing models. FP Markets offers traders access to trade 13,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Cryptocurrencies, Equity CFDs.
Traders can choose between MT4, MT5 and IRESS platforms as well MAM and PAMM account possibility for money managers.
FP Markets offer two account types with STP and ECN execution models available through MT4 or MT5 platforms. FP Markets also offers three IRESS account types which covers traders who prefer to use this particular software.
Customer Service is available 24/5 via Live Chat.
Most Forex Brokers will allow customers to test their service with a demo or mini account in order to understand how the Brokers trading system works. Traders should test a few trading platforms before deciding which broker is best. Here is an overview of 5 more Forex Brokers and Trading Platforms who offer traders in Niger excellent mini and demo accounts.
XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe. XTB is regulated by the UK Financial Conduct Authority (FRN 522157) and has been listed on the Warsaw Stock Exchange since 2016.
XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from:
- xStation 5
Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.
Low min deposit
Guaranteed stop loss
Offers Negative Balance Protection
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.
EasyMarkets is one of the most popular choices for Beginners and is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:
- Enhanced risk management tools as standard
- Fixed spreads on all forex pairings
- An easy to use forex trading platform
EasyMarkets offers traders three key risk management tools which are ideal to those new to currency trading:
- Deal Cancellation
- Guaranteed Stop Loss Orders
- Negative Balance Protection
Standard, Premium, VIP and SuperVIP accounts are available, their minimum opening deposits are $100, $1 000, $2 500, $50 000 respectively. A demo account is also on offer. The available trading platforms offered are MT4 and the easyMarkets web platform.
Customer Support is available 24/5 via various chat channels, email, phone and web forms.
Roboforex are an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading. RoboForex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.
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 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.
Customer support is available via phone, Webchat, Wechat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.
FBS is a Forex and CFD broker which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC). FBS offers users the option to trade on Forex, Indices, Stocks, Metals and Energies on the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms for PC, Mac, Web, Android and iOS with a maximum 1:3000 leverage, copy trading services and a range of bonus promotions.
Five different trading accounts are available – Cent, Micro, Standard, Zero Spread and ECN. Each account offers different features and benefits respectively. A demo trading and swap-free accounts are also available.
Customer Support is available 24/7 via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.
AvaTrade is an online broker founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.
- Regulated by: Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
- Headquarters:The British Virgin Islands
- Foundation year:2006
- Used: by over 200,000 traders
Across all markets, MetaTrader 4 gives traders access to over 250 assets, 30 advanced charting tools, trading history, and other useful information. Customer support is available by email, phone, or live chat.
Trading 212 are an online broker which was founded in 2006 and offers Stocks trading, Forex trading, Commodities trading, and Indices trading. Trading 212 are a global broker and has a head office situated in UK.
- Regulated by: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
- Used by over 14,000,000 traders.
- Trading 212 are the UK’s number one trading and investment app with over 14,000,000 downloads, thus a large userbase but is not available in the following countries: US
Trading 212 Trading benefits:
- Allows hedging
- Offers STP
- Low min deposit
- Guaranteed stop loss
- Offers Negative Balance Protection
Trading 212 Trading Accounts Offered:
- Invest account
- ISA account
- CFD account
- Demo account
Trading 212 offers an outstanding, highly responsive customer service team available 24 hours a day across a variety of platforms and in 16 different languages.
IC Markets is a regulated Forex ECN and CFD broker which offers more than 236+ financial instruments across Forex, Commodities, Indices, Bonds, Cryptocurrency, Stocks and Futures on the MetaTrader 4, MetaTrader 5 and cTrader platforms for desktop, web and mobile. IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), as well as the Seychelles Financial Services Authority (FSA).
IC Markets offers traders three main types of live trading accounts to choose from, including Raw Spread (cTrader), Raw Spread (MetaTrader) and the Standard Account (MetaTrader). Islamic swap-free accounts and the use of a free demo trading account is also on offer.
Customer support is available 24/7 via Live Chat, Phone and Email.
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 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.
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. 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. 24/6 customer support is available via telephone and support ticket.
There is no one correct Forex broker for every trader or investor, and traders will need to think about their trading strategy, and which trading platform they would want to use before deciding on a broker. All of the brokers listed above have good reputations and are well-regulated, but it is always a good idea to read as many recent reviews as possible. Here is an overview of 4 more Forex Brokers and Trading Platforms who accept Mozambican Traders.
Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA). Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free, and –
Boasts three top forex trading platforms:
- MetaTrader 4: Most Popular for Forex Trading
- MetaTrader 5: Most Popular CFDs Trading Platform
- cTrader: Best Automated Trading Platform
All three FX trading platforms come with a free demo account which will allow Nigerian traders to test out the forex broker and platform for 30 days.
Platform enhancements available for Pepperstone include:
- MetaTrader 4 smart trader tools
- cTrader Automate
- Autochartist and
- API trading
A range of options for depositing funds are available, including: Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.
Pepperstone offers 24/5 multiple language support via email, phone and live chat.
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 with a head office located in the UK. FXPro is 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.
FXPro offers customer support 24 hours a day, 5 days a week via Live Chat, Telephone and Email in a variety of different languages including English, Spanish, French, Polish, Malay, Arabic, Chinese, Greek, Hungarian, Japanese, Korean, Russian, Thai, Vietnamese, Indonesian and others.
Interactive Brokers was founded in 1978 and is regulated by multiple financial authorities including the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
Interactive Brokers offers many account types, which fall into two big groups:
- accounts for individual traders and investors
- accounts for institutions
Traders can choose between two different web trading platforms: The Client Portal and Webtrader and IBKR Mobile, Interactive Brokers’ mobile trading platform, is available both for iOS and Android. Users can trade on Stock, Forex, Option and Futures – to name but a few.
Customer Service is available 24/7 via Live Chat, Phone and Email.
OANDA is a globally regulated Forex and CFD broker which also provides corporate Forex solutions and currency conversion. Users have the choice to trade on Forex, Indices, Metals, Commodities and Bond CFDs on the broker’s own proprietary trading platform for desktop, web and mobile, as well as on MetaTrader 4.
OANDA is the most Regulated Forex Broker and operate across six of the most credible authorities including:
- Australia AISC (Australian Securities and Investments Commission)
- United States CFTD (Commodity Futures Trading Commission)
- Europe and UK FCA (Financial Conduct Authority)
- Japan IFFA (Institute Financial Futures Association)
- Singapore MAS (Monetary Authority Of Singapore)
- Canada IIROC (Investment Industry Regulatory Organization of Canada)
OANDA has 2 accounts on offer: a Standard Account and Premium Account. Each account comes with their own unique features and benefits. A free demo trading account is also on offer.
Customer support is available via a FAQ section, a OANDA Virtual Assistant and phone.
Every FX broker will be slightly different, but they will all offer some of the same tools overall. For this reason, traders must take their time when reviewing the long list of brokerage firms available, in able to ensure that they understand what is on offer before making any major investments.