10 Best
Forex Brokers and Platforms in
Rwanda

Maximize
the stock
Markets

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

Regulation of Forex trading in Rwanda falls under the National Bank of Rwanda (BNR) but this institution does not take any active involvement, aside from issuing warnings to rogue Forex traders.  While Forex trading in Rwanda is legal, there are restrictions on trading with the Rwandan Franc.

Luckily there are many global Brokers who are ready to provide Rwandan traders with access to the world’s largest and most liquid market by offering them state-of-the-art trading tools, excellent trading education, strict financial standards and the best online trading experience available. Clients will also have the advantage of mobile trading, one-click order execution,  trading from real-time charts and much more!

Below is our list of the 10 Best Forex brokers who offer their services to Forex traders in Rwanda, they are all well-regulated, trustworthy and offers users excellent trading conditions.

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

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.

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

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.

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.

pepperstone best broker

Pepperstone

Pepperstone is a global online broker which was founded in 2010 and offers Forex, CFDs and Social Trading.   Pepperstone is an Australian forex broker that also offers some CFDs. Pepperstone is considered safe since it’s 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.

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.  The Alpari brand offers traders access to nearly 50 forex pairs and 30 CFDs on indices, commodities, precious metals, and on Bitcoin. Alpari is regulated by the FSC.

FeatureAlpari
Forex: Spot TradingYes
Currency Pairs (Total Forex pairs)48
CFDs – Total Offered16
Social Trading / Copy-TradingYes
Cryptocurrency traded as actualNo
Cryptocurrency traded as CFDYes

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.

XM Group

XM Group

XM is an online broker which was founded in 2009 and offers traders Forex and CFDs trading. XM  is authorised and regulated by the International Financial Services Commission (IFSC) (60/354/TS/19) and has a head office situated in Cyprus. 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

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.

oanda best broker

OANDA

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 Focuses on Transparency

OANDA is focused on pricing transparency and customer satisfaction and they offer real-time data from liquidity providers and finds mid-points across instruments. When it comes to customer support, OANDA boasts multiple customer service awards for 24 hours/6 days a week support. Live chat, emails and phone support is available.

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 IFSC, license IFSC/60/230/TS/19.

Account typeMinimum depositMinimum trade sizeMaximum leverageSpreads
Cent$10.01 lot1:1000from 1 pip
Standard$1000.01 lot1:3000from 0.5 pips
Zero Spread$5000.01 lot1:30000 pips + $20/lot
Micro$50.01 lot1:3000fixed, from 3 pips
ECN$10000.1 lot1:500from -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 offers customer support 24 hours a day, 7 days a week via a Callback service, online Live Chat, Telegram, Viber and Facebook Messenger in a variety of languages including English, Spanish, French, Vietnamese, Arabic, Hindi, Chinese, Japanese and more.

AvaTrade

AvaTrade

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 IFSC, license IFSC/60/230/TS/19.

Account typeMinimum depositMinimum trade sizeMaximum leverageSpreads
Cent$10.01 lot1:1000from 1 pip
Standard$1000.01 lot1:3000from 0.5 pips
Zero Spread$5000.01 lot1:30000 pips + $20/lot
Micro$50.01 lot1:3000fixed, from 3 pips
ECN$10000.1 lot1:500from -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 offers customer support 24 hours a day, 7 days a week via a Callback service, online Live Chat, Telegram, Viber and Facebook Messenger in a variety of languages including English, Spanish, French, Vietnamese, Arabic, Hindi, Chinese, Japanese and more.

Blackstone future

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. BlackStone Futures (Pty) Limited (Registration Number 2009/008512/07) is a duly appointed juristic representative of Trade Nation (Pty) Limited, (Registration Number 2018/418755/07). Traders just starting out receives excellent educational support.

Trading Conditions include –

Minimum DepositZAR 1000
Base currenciesZAR, USD
Number of FX Pairs32
Hedging AllowedYes
ScalpingYes
Swap-Free AccountsNo

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 Service is available via Live Chat, Phone and email.

Traders should look for a broker which has a good track record/longevity in the market and carries a reputable regulation so that their strategy can be their primary concern for navigating the markets.  Here are 4 more mention worthy and Regulated Forex Brokers who offer their services to traders in Rwanda.

Cityindex best broker

City Index

City Index is an online broker which was founded in 1983 and offers Forex, CFDs and Spread Betting trading and traders can trade in over 12,500 instruments and over 100 currency pairs on the popular MT4 forex trading platform.  City Index also offer mobile apps for Android and iOS.

City Index is a global broker and has a head office situated in the UK and new traders will need to make a minimum deposit of $25 to make a start.   The company is regulated by top-tier financial authorities, such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) or Monetary Authority of Singapore (MAS)

City Index Trading benefits:

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

City Index Trading Accounts on Offer include:

 Demo account

  • Micro account
  • Mini account
  • Standard account
  • STP account
  • Managed account

City Index support a wide range of languages including English, Spanish, German, Arabic, Polish, and Chinese and has a triple AAA grade support rating. Customer Service is available via telephone, live chat and email.

fx pro

FXPro

FXPro is an online broker founded which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies tradingFXPro is a global broker and has a head office located in the UK.  FxPro is regulated by CySEC and operates under the CIF license number 078/07.

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 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.

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.

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.

Maximize
the stock
Markets

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

In Conclusion

In this article, we have taken into account a wide range of ranking factors, from fees, spreads, trading platforms, charting and analysis options – but there are many more features that a trader must research to find the “best” broker for their individual needs. Traders should choose a Broker which is committed to building a better brokerage for their traders, with a goal to provide users with the ultimate trading experience

EXNESS is this month's #1 Broker