10 Best
Forex Trading Platforms and Brokers in
Swaziland (eSwatini)

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the stock
Markets

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leading stocks

Forex trading in Swaziland has become increasingly popular and is closely linked to the rapidly expanding Forex trading industry in the neighbouring country of South Africa. Even though there are no locally based Swazi Forex brokers at the time of writing, there are a number of excellent globally recognized and regulated Forex brokers who offer their services to traders who are locally situated.

It is recommended that a trader trades with a well-regulated international broker and all the Forex brokers listed below are rated highly and have top-quality regulatory oversight which ensures the security of a traders funds.

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

Here is an overview of the 10 Best Forex Brokers and Trading Platforms which offer their services to traders in Swaziland:

xtb best broker

XTB

eToro is a leading social trading platform for trading major financial markets including stocksforex 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.

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 eToro 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.

trading212 best forex

Trading 212

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.

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 ASIC and the Cypriot CySEC.

 

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.

ic markets

IC Markets

IC Markets was founded in 2007 and International Capital Markets Pty Ltd (IC Markets) was established in Sydney and acquired an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC) in 2009 and is considered average-risk.

 

Feature

IC Markets

Forex: Spot Trading

Yes

Currency Pairs (Total Forex pairs)

63

CFDs – Total Offered

41

Social Trading / Copy-Trading

Yes

Cryptocurrency traded as actual

No

Cryptocurrency traded as CFD

Yes

 

IC Markets offers three account types in which trading costs vary from commission-free on the Standard account to commission-based pricing on the True ECN and cTrader accounts and IC Markets provides a mobile version of all the platforms it offers, including MetaTrader 4 and MetaTrader 5 and cTrader, all of which come standard for iOS and Android.

 

IC Markets supports a wide range of languages including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German and more.

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 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).

 

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.

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 – Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic.

BDSwiss

BDSwiss

BDSwiss is a large forex & CFD broker mainly based in Cyprus with separate entities registered in Mauritius and the Seychelles and is regulated by both CySEC and FSC.  When it comes to instruments available for trading, BDSwiss offers nearly all of the commonly traded major and minor forex pairs, over 20 cryptocurrency CFDs, major stock indices and various commodity CFDs. BDSwiss also offers stock CFD trading in over 100 companies from the UK, US, and Europe.

 

70+ Currency Pairs

Based on major and minor world currencies.

21 Crypto Pairs

Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Monero, Ripple, Zcash, OmiseGO, EOS, IOTA, NEO, TRON.

12 Indices CFDs

Based on baskets of different blue-chip stocks.

4 Metal CFDs

Based on Gold, Silver and Palladium.

3 Energy CFDs

Based on Crude Oil (WTI, Brent) and Natural Gas.

100+ Stock CFDs

Based on shares of US, UK and EU companies.

 

BDSwiss offers traders its own proprietary web platform plus the downloadable desktop platform MetaTrader 4 (MT4,) as well as its successor MetaTrader 5.

 

Traders with BDSwiss can choose between three account types, a Basic Account, a Raw Spread Account, and a Black VIP Account. Demo accounts are also on offer.  Account funding is available with the e-wallets Neteller, Skrill, iDeal, and Sofort plus bank wire transfers and credit cards. Trading accounts can be opened in euros, US dollars, or British pounds.

 

BDSwiss offers customer care via local phone numbers with support for 10 different languages, WhatsApp and Telegram 24 hours a day on trading days.

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 FSC.

 

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.

 

OctaFX

OctaFX

OctaFX operates as an STP (straight through processing), and ECN (Electronic Communication Network) Forex broker and offers traders two trading platforms to choose from.  Both platforms can be used on a desktop, laptop and mobile device. OctaFX is regulated by the British Financial Conduct Authority (FCA).

 

All the normal payment channels are supported by OctaFX, including bank wire transfers, Skrill, major debit and credit cards, as well as UnionPay and the broker boasts several benefits like convenience and reliability, and with every transaction, traders will receive a free 50% bonus.

 

When trading in Swaziland traders will need to know what their options with their chosen Swaziland trading broker is.  Below we have listed 4 more mention worthy brokers available to traders in Swaziland that are suitable for trading in the Forex, CFD’s, Indices and ETFs, Cryptocurrencies or commodity markets.

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 is focused on pricing transparency and customer satisfaction and they offer real-time data from liquidity providers and finds mid-points across instruments. OANDA offer traders only one type of trading account  in addition to a demo account but traders can open up to 19 sub-accounts.  OANDA charges no deposit fees for bank transfers and credit cards, but using the PayPal option will cost  £0.35 per transaction plus 1.4% of the transferred amount. 

 

OANDA does not charge withdrawal fees for the first transfer each month for debit cards, while PayPal is free for EUR, USD, and GBP transactions. Bank transfers on the other hand carry a minimum cost of $20 (both domestic and international), and successive debit card withdrawals during the month cost $15 each. At OANDA traders can choose from two trading platforms: OANDA’S own platform or MetaTrader 4, a mobile trading platform is also available on both iOS and Android.

 

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.

Interactive Brokers

Interactive Brokers

Interactive Brokers is an online broker which was founded in 1977 and offers Forex trading of over 100 instruments and over 10 currency pairs. Trading is available on a user-friendly custom trading platform, available as a browser-based web application. Interactive Brokers is a global broker and has a head office in United States and traders need to make a minimum deposit of $10000 as a start.  Interactive Brokers is regulated by the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the New York Stock Exchange, the Financial Conduct Authority and other regulators and self-regulatory organizations.

 

Interactive Brokers Trading benefits include:

 

  • Allows scalping
  • Allows hedging
  • Offers STP

 

Interactive Brokers Trading Accounts Offered include:

 

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Managed account

 

Interactive Brokers support a wide range of languages including English, Mandarin, Cantonese, Nihongo and more.

IG

IG offers traders a wide-ranging list of tradeable products, outstanding trading and research tools, industry-leading education, and competitive rates.

 

IG is considered low-risk, and is a publicly traded company which operates a regulated bank, and is authorised by six tier-1 regulators (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators – the FCA and ASIC.

 

Commissions & Fees

 

IG provides traders competitive pricing across the board, regardless of the product chosen to trade.

 

  • Average spreads:For small and standard size contracts, minimum spreads on the EUR/USD were 0.6 pips, average spreads were 0.73 pips, for the end of November, 2019.

 

  • Active traders:For volume traders who qualify as professionals under EU rules, IG offers even more competitive rates on its commission-based offering, Forex Direct.

 

  • Execution method:Forex Direct streams from interbank liquidity providers where IG acts as an agency broker – not adding on any additional spread. IG adds a commission to each trade made.

 

Platforms & Tools on offer includes –

 

Flagship platform: IG’s main trading platform is its proprietary web-based platform with usability at the centre of the experience.

 

Charting: The default charts within the platform offers traders advanced functionality including the ability to add an alert on a specific indicator, with a total of 28 studies available to select.

 

Additional platforms:  IG offers the MetaTrader4 (MT4) platform and a L2 Dealer platform where Forex Direct and Direct Market Access (DMA) are available for share trading.

 

ProRealTime charts:   Via the ProRealTime premium charting more advanced charting with nearly 100 indicators is provided.

 

IG provides traders a large selection of quality market research from both in-house and third-party providers plus, a mobile app that comes packed with plenty of features.

 

Mobile app features include:

 

  • Tools:Alerts, sentiment readings, an economic calendar, watch lists, detailed market information and a well-designed layout.
  • Charting:The charting function is loaded with 28 technical indicators and drawing tools.
  • Research:News content and signals from AutoChartist.
  • MetaTrader:MetaTrader is also available for traders who prefer the MT4 mobile app.

 

IG offers traders powerful research tools, competitive spreads and over 17,000 tradeable assets.  Customer service is available through a toll-free (U.K.) phone number from 8 a.m. Saturday to 10 p.m. Friday in a wide range of languages including English, French, German, Spanish, and Portuguese. Prospective and active clients can make through live chat, available 24 hours per day. 

HYCM

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.  HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.

Maximize
the stock
Markets

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

In Conclusion

There is a massive misconception that trading Forex on the financial market in Swaziland is considered as unsafe but this is not the case as Forex trading in Swaziland is very active. Trading in Forex is legal and allowed in Swaziland as to conduct business currency must be exchanged. Multiple international online brokers offer traders in Swaziland a wide range of products, great research tools and is regulated by several authorities.  All of the above-mentioned brokers come highly recommended but the final choice must be made on traders preference.

EXNESS is this month's #1 Broker