7 Best Forex Brokers in Burkina Faso

Last Update: June 26th, 2024

 

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

 

 

7 Best Forex Brokers in Burkina Faso (2024)

 

1. ☑️ eToro – Overall, the Best Forex Broker in Burkina Faso
2. ☑️ Pepperstone – Best MetaTrader Forex Broker
3. ☑️ XTB – Low XOF Minimum Deposit Broker
4. ☑️ Tickmill – Best Forex Broker for Beginners
5. ☑️ FXCM – Excellent Mobile Trading Experience
6. ☑️ FP Markets – Best Overall Offering
7. ☑️ 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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

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