5 Fastest Growing Forex Brokers in Africa ( 2021 )

Avatrade

AvaTrade is an Irish forex broker company founded in 2006 with headquarters in Dublin and more sales centers in Paris, Milan, Sydney, Tokyo, Madrid, Mongolia, Beijing, Nigeria, Santiago and Johannesburg.

AvaTrade is regulated by financial authorities in Europe, the British Virgin Islands, Australia, Japan, and South Africa.

 

AvaTrade has more than 200 000 registered customers with trading volumes surpassing $60 billion per month. They make use of MetaTrader 4, MetaTrader 5 or the AvaTradeGO app to trade a full spectrum of instruments including Forex, stocks, commodities and indices. 

An account can be opened with as little as $100 in one of many base currencies and via several payment methods. Traders will get competitive spreads and no withdrawal fees are charged.

A 24-hour multilingual support desk assists traders. 

AvaTrade boasts several awards and has been honoured by various reputable organizations.

Exness

Exness is registered and authorized by the Financial Services Authority (FSA)in Seychelles, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and by the Financial Conduct Authority (FCA) in the United Kingdom.

The broker was founded in 2008 and offers MT4 and MT5 and a WebTerminal as trading platforms for more than 130 currency pairs, metals, cryptocurrencies, energies and Indices.

XM Trading

XM was founded in 2009 and became an industry leader with more than 3 500 000 clients in 200 countries. 

It is part of the holding company Trading Point Holdings Ltd. with affiliates authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission (IFSC), the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC) and the Dubai Financial Services Authority (DFSA).

XM offers more than 25 secure payment methods and 16 full feature trading platforms, including MT4 and MT5 for PC and Mac, a Multiterminal and WebTrader, as well as MT4 and MT5 for iPhone and Android phones or tablets.

Traders can trade Forex, Stocks, CFDs, Commodities, Equity Indices, Precious Metals, Energies and Shares.

CM Trading

CM TRADING is a forex broker company based in Johannesburg, South Africa. It provides MetaTrader 4, Sirix Web Trader and CopyKat as trading platforms and guarantees safe investments since being properly regulated by the Financial Services Board (FSB) of South Africa.

Clients can trade Forex, Index and Commodities, including Cryptocurrencies, with MetaTrader 4 via a wide choice of accounts, which can be opened with deposits from $250.

CM TRADING offers competitive spreads and is a good choice for new traders due to excellent educational material and the CopyKat copy-trading system. 

The broker boasts several awards accumulated during its years of service.

HotForex

HOTFOREX is a Cypriot forex broker founded in 2010 with headquarters in Larnaca.

HotForex is an award-winning forex and commodities broker offering a trade with more than 150 trading products via the MT4 and MT5 platforms and the mobile HotForex Mobile Application, on a choice between several account types.

The brokerage has offices in Dubai, South Africa and offshore St Vincent and the Grenadines and is authorized by the CySEC, DFSA, FCA, FSA and FSCA. 

HotForex’s pricing is of the lowest in the industry, with negative balance protection for traders worldwide. 

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