7 Best Forex Brokers in Burkina Faso
The 7 Best Forex Brokers in Burkina Faso – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Burkina Faso.
In this in-depth guide you will learn:
- The Best Forex Brokers in Burkina Faso – a List
- Is Forex Trading Legal in Burkina Faso?
- Leading MetaTrader Forex Brokers
- Who Regulates Forex Trading in Burkina Faso?
- The Best Forex Brokers for Beginners
- Low XOF Minimum Deposit Forex Brokers
and much, MUCH more!
7 Best Forex Brokers in Burkina Faso – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Burkinabé Traders | 💴 Min. Deposit (XOF) |
| 🥇 eToro | 👉 Click Here | ✅Yes | 6032,18 |
| 🥈 Pepperstone | 👉 Click Here | ✅Yes | 80679,16 |
| 🥉 XTB | 👉 Click Here | ✅Yes | None |
| 🏅 Tickmill | 👉 Click Here | ✅Yes | 60321,77 |
| 🎖️ FXCM | 👉 Click Here | ✅Yes | 30160,89 |
| 🥇 FP Markets | 👉 Click Here | ✅Yes | 40339,58 |
| 🥈 Interactive Brokers | 👉 Click Here | ✅Yes | None |
7 Best Forex Brokers in Burkina Faso (2024)
- ☑️ eToro – Overall, the Best Forex Broker in Burkina Faso
- ☑️ Pepperstone – Best MetaTrader Forex Broker
- ☑️ XTB – Low XOF Minimum Deposit Broker
- ☑️ Tickmill – Best Forex Broker for Beginners
- ☑️ FXCM – Excellent Mobile Trading Experience
- ☑️ FP Markets – Best Overall Offering
- ☑️ Interactive Brokers – Best Trading Platform Offered
eToro
eToro is a well-established and trusted Forex and CFD Broker. Regulations include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC. A Standard Retail and Demo Account Option is offered. The minimum deposit is 100 USD. Notable features include:
- Access to Over 55 Currency Pairs
- Leverage of Up to 1:400
- Spreads from 1 Pip
Trading Instruments include Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, and, ETFs. The Trading Platform available is Proprietary.
| 🔎 Broker | 🥇 eToro |
| 📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, FinCEN, FINRA |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:30 |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | $50 USD |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single base currency |
Our Insights
eToro suits all levels of traders. However, it should be noted that the Minimum deposit will increase per Account and, an Inactivity Fee will be charged.
Pepperstone
Pepperstone is a highly Regulated Australian Financial Services Provider. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB. Accounts offered are Standard and Razor. Moreover, a Demo Account is available. The minimum deposit is AU$ 200.
- Access to Over 70 Currency Pairs, including Major, Minor, and, Exotic
- TradingView Integration
- Spreads from 0.0 Pips
- Leverage of up to 1:500 on the Pro account.
Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Trading Platforms available are TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
Pepperstone offers a selection of account types and trading platforms that will benefit both Professionals and Beginners.
XTB
XTB is a trusted and established Forex and CFD Broker. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, IFSC. Accounts offered are Standard and Swap-Free. Moreover, a Demo Account is available. No Minimum deposit is required. Notable features include:
- Spreads from 0.5 Pips
- Leverage of up to 1:500
- Access to over 57 Currency Pairs
Trading Instruments include Forex, indices, commodities, stocks, ETFs, and, Crypto CFDs. Trading Platforms available are xStation 5 and xStation 5 Mobile.
| 🔍 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time Seconds | Milliseconds - |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
The XTB Standard Account is suited to Both active and casual Traders. Moreover, No minimum deposit is required.
Tickmill
Tickmill is a prominent Forex and CFD broker. Regulations include the Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Accounts offered are CIP, Classic, and, Pro. Moreover, a Demo Account is available. The minimum deposit is 100 USD. Notable features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 60 Currency Pairs
Trading Instruments include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. Trading Platforms are MT4 and MT5. In addition, a Proprietary Trading App is available.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
Tickmill suits all levels of Traders. Moreover, Beginners will benefit from educational resources and trusted customer support.
FXCM
FXCM is a highly-respected Forex and CFD Provider. Regulations include FCA, ASIC, CySEC, and, the FSCA. A CFD Trading Account is offered. Moreover, a Demo Account is available. The minimum deposit is 50 USD. Notable features include:
- Access to Copy Trading
- Spreads from 0.2 Pips
- Leverage of up to 1:30
Trading Instruments include Forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and, Stock Baskets. Trading Platforms available are Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and ZuluTrade. In addition, a proprietary Trading App is offered.
| 🔍 Broker | 🥇 FXCM |
| 💵 Minimum Deposit | 50 USD |
| 4️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes |
| 🕰️ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Multitude of educational materials | High Currency conversion fees |
| Multiple Account Types | Narrow asset portfolio |
| 24-hour multilingual customer | Limited Trading Platforms |
Our Insights
The benefits of trading with FXCM include educational resources and multi-lingual Customer Support.
FP Markets
FP Markets is a leading Financial Services Provider that operates within a Strong Regulatory authority. Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC. Accounts offered are Standard, Raw, Islamic Standard, and, Islamic Raw. Moreover, a Demo Account is available. The Minimum deposit is AU$ 100. Notable features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- No Inactivity Fee is Charged
Trading Instruments include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds. Trading Platforms are MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. A Proprietary Mobile App is available.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
The Benefits of trading with FP Markets include access to Scalping and Hedging.
Interactive Brokers
Interactive Brokers is a highly-regulated Financial Services Provider. Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Accounts available are IBKR Lite and IBKR Pro. No Minimum Deposit is required. Notable features include:
- Spreads from 0.6 Pips
- Leverage of up to 1:30
- Access to over 100 Currency Pairs
Trading Instruments include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. Trading Platforms available are IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
Interactive Brokers best suit Professional Traders. Benefits of trading with Interactive Brokers include Dedicated, multilingual Customer Support.
In Conclusion
Forex Trading in Burkina Faso has seen a minimal rise in popularity. Moreover, Forex in Burkina Faso is not explicitly illegal, however, it is not regulated. Burkinabé Traders must choose to Trade with an International Broker with a Global Regulation.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While reviewing the Best Forex Brokers that accept Burkinabé Traders, we found 7 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like:
- eToro Review
- Pepperstone Review
- XTB Review
- Tickmill Review
- FXCM Review
- FP Markets Review
- Interactive Brokers Review
Faq
Forex in Burkina Faso is not explicitly illegal.
A local financial body does not Regulate Forex Trading in Burkina Faso.
The minimum deposit to open an eToro Standard Account is 10 USD.
Pepperstone offers Leverage of up to 1:500 on the Pro Account and 1:200 on the Retail Account.
Regulations include FCA, ACPR, BaFin, and, DFSA.
An inactivity fee is not charged.
24/5 Customer Support is available.
Spreads start from 0.0 Pips.
Over 100 Currency Pairs, including Major, Minor, and, Exotic Pairs.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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