7 Best Forex Brokers in Congo
Last Update: June 26th, 2024
The 7 Best Forex Brokers in Congo – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Congo.
In this in-depth guide you will learn:
- The Best Forex Brokers in Congo (DRC) – a List
- The Best Forex Brokers in Brazzaville – Revealed
- Top Forex Brokers for Beginners in Kinshasa
- The Best Forex Brokers in Congo with a Low CDF Minimum Deposit
- Leading MetaTrader Forex Brokers in Africa
and much, MUCH more!
7 Best Forex Brokers in Congo – a Comparison
🔎 Broker | 🚀Open an Account | 🤝 Accepts Congolese Traders | 💴 Min. Deposit (CDF) |
🥇 IC Markets | 👉 Click Here | ✅Yes | 562000,00 |
🥈 Moneta Markets | 👉 Click Here | ✅Yes | 140500,00 |
🥉 XTB | 👉 Click Here | ✅Yes | None |
🏅 Tickmill | 👉 Click Here | ✅Yes | 281000,00 |
🎖️ XM | 👉 Click Here | ✅Yes | 14050,00 |
🥇 TMGM | 👉 Click Here | ✅Yes | 281000,00 |
🥈 HYCM | 👉 Click Here | ✅Yes | 56200,00 |
7 Best Forex Brokers in Congo (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in Congo
- ☑️ Moneta Markets – Best Overall Offering
- ☑️ XTB – Best Forex Broker in Kinshasa
- ☑️ Tickmill – Best Forex Broker in Brazzaville
- ☑️ XM – Leading MetaTrader Forex Broker
- ☑️ TMGM – Best Online Trading Experience
- ☑️ HYCM – Low CDF Minimum Deposit
IC Markets
IC Markets is a highly trusted and Regulated Forex and CFD Broker. Regulations include ASIC, CySEC, FSA, and, the SCB. Accounts available are cTrader, Raw Spread, and, Standard. Moreover, a Demo Account is offered. The Minimum Deposit is 200 USD. Notable Features include:
- 8 Base Currencies
- Leverage of up to 1:500
- Over 60 Currency Pairs
- No Inactivity Fee is Charged
- Scalping and Hedging
Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. Trading Platforms supported are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.
🔎 Broker | 🥇 IC Markets |
💴 Minimum Deposit | 200 USD |
💵 Inactivity Fee | None |
📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
5️⃣ Ease of Use Rating | 5/5 |
🎁 Bonuses | None |
⏰ Support Hours | 24/7 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅Pros | ❌Cons |
Affordable forex and CFD trading costs | High minimum deposit requirement |
Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
The benefits of Trading with IC Markets include multiple copy trading platforms and trusted customer support.
Moneta Markets
Moneta Markets is a well-established financial services provider. Regulations include FSCA, FSA Seychelles, CIMA, and, ASIC. Accounts available are Direct STP, Prime ECN, and, Ultra ECN. Moreover, a Demo Account is available. The Minimum deposit is 50 USD. Notable features include:
- Copy/Social Trading
- Spreads from 0.0 Pips
- Leverage of up to 1:10000
- No inactivity Fee is charged
Trading Instruments include Forex, commodities, indices, shares, ETFs, bonds, and, Cryptocurrencies. Moneta Markets supports PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader.
🔎 Broker | 🥇 Moneta Markets |
📈 Established Year | 2019 |
📉 Regulation and Licenses | FSCA, FSA Seychelles, CIMA, ASIC |
📊 Ease of Use Rating | 4/5 |
🎁 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
🖱️ Trading Platforms | PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App |
📌 Account Types | Direct STP, Prime ECN, Ultra ECN |
💴 Base Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL |
📍 Spreads | From 0.0 pips |
💹 Leverage | 1:1000 |
💵 Currency Pairs | 44; major, minor, and exotic pairs |
💶 Minimum Deposit | 50 USD |
💷 Inactivity Fee | None |
🔊 Website Languages | English, French, German, Spanish, Vietnamese, Thai, Russian, Arabic, Portuguese, Chinese, etc. |
🪙 Fees and Commissions | Spreads from 0.0 pips, commissions from $6 round turn |
🤝 Affiliate Program | ✅Yes |
❎ Banned Countries | United States, Canada, Hong Kong |
📈 Scalping | ✅Yes |
📉 Hedging | ✅Yes |
📐 Trading Instruments | Forex, commodities, indices, shares, ETFs, bonds, cryptocurrencies |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
1,000+ tradable assets, including forex | Some account types may have volume constraints |
Multilingual support | Limited Education |
Tight Spreads | No Negative Balance Protection |
No deposit or withdrawal fees | Inconsistencies reported in customer support quality. |
Strong Regulation | Limited Product Range |
MetaTrader 4 and 5 | Limited Account Types |
Our Insights
The Benefits of Trading with Moneta Markets include access to multiple educational resources, including seminars and market analysis.
XTB
XTB is a highly licensed and regulated Financial services provider. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts offered are Standard and Swap-Free. Moreover, a Demo Account is available. No minimum deposit is required. Notable Features include:
- Occasional Bonus offers and Promotions
- Spreads from 0.5 Pips
- Affiliate Programmes
- Scalping and Hedging
Trading Instruments include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. Trading Platforms available are xStation 5 and xStaion Mobile.
Pros and Cons
✅ Pros | ❌ Cons |
Islamic Account | Inactivity fee |
Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include access to in-depth market research, news updates, and technical indicators.
Tickmill
Tickmill is a highly regulated and trusted Forex and CFD Broker. Regulations include the Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Account available are VIP, Classic, and, Pro. Moreover, a Demo Account is available. The minimum deposit is 100 USD. Notable features include:
- High Ease of Use Rating
- Mobile Trading Capability
- USD, EUR, GBP, and, PLN Base Currencies
- Spreads from 0.0 Pips
- Affiliate Program
- Scalping and Hedging
Trading Instruments available are Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. Tickmill supports MetaTrader 4 and MetaTrader 5. In addition, a Tckmill Mobile 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
The benefits of trading with Tickmill include numerous account options, reasonable spreads, and impressive commission structures.
XM
XM is a tier-1 Regulated Financial Services Provider. Regulations include the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC). Accounts available are Micro, Standard, Ultra Low, and, Shares. Moreover, a Demo Account is available. The minimum deposit is 5 USD.
- Multilingual customer support in 30 Languages
- A Micro Account
- Instant Deposit and Withdrawal Options
Trading Instruments include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks. XM supports MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile App is available.
Pros and Cons
✅ Pros | ❌ Cons |
Low Minimum deposit | No social trading features available |
Unlimited Demo Account | Inactivity Fees |
Our Insights
The Benefits of Trading with XM include access to over 1,000 financial instruments across many asset classes.
TMGM
TMGM is a popular Forex and CFD Broker. Regulations include ASIC, FMA, and, the VFSC. Accounts available are Classic, Edge, IRESS Standard, IRESS Premium, and, IRESS Gold. Moreover, a Demo Account is available. The minimum deposit is 100 USD. Notable features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Over 55 Currency Pairs
Trading Instruments available are Forex, Metals, Shares, Energies, Crypto CFDs, and, Indices. TMGM supports MetaTrader 4, MetaTrader 5, IRESS, and, HUBx.
🔍 Broker | 🥇TMGM |
💵 Minimum Deposit | 100 USD |
4️⃣ Ease of use Rating | 4/5 |
🎁 Bonuses | None |
⏰ Support Hours | 24/7 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
The broker highlights quick order execution, little slippage, and deals that are filled at the correct pricing | TMGM's own market commentary and basic research services are rather restricted when compared to those of rivals |
The availability of the popular MetaTrader 4 and MetaTrader 5 platforms provides both familiarity and sophisticated technical analysis capabilities | For traders who are not interested in MetaTrader, TMGM's platform options are restricted |
Traders have access to more than 12,000 products, including Forex, CFDs on stocks, indices, commodities, and cryptocurrency | Demo accounts may have time limits, making them unsuitable for lengthy practice before becoming live |
TMGM is regulated by top-tier agencies like as ASIC (Australia) and the FMA (New Zealand), which improves customer protection and broker trust | Depending on your preferred withdrawal method, TMGM may have quite high minimum withdrawal requirements |
TMGM's prompt and friendly customer support service, which is available 24/7, routinely earns favorable comments from clients | Despite being well-regulated, TMGM does not provide the extra assurance of investor compensation plans that some other brokers do |
Our Insights
The benefits of trading with TMGM include 24/7 Dedicated Customer Support.
HYCM
HYCM is a well-established Forex Broker with over 4 Years of Experience. Regulations include FCA, CySEC, CIMA, and, the DFSA. Accounts available are Fixed, Classic, and, Raw. Moreover, a Demo Account is available. The minimum deposit is 20 USD.
- Multiple Base Currencies
- Over 60 Currency Pairs
- Spreads from 0.1 Pips
- Leverage of up to 1:500
Trading Instruments include Forex, Metals, Energies, Commodities, Indices, Stocks, and, Cryptocurrencies. HYCM supports MetaTrader 4, MetaTrader 5, and, HYCM trader.
🔎 Broker | 🥇 HYCM |
📈 Regulation and Licenses | FCA, CySEC, CIMA, DFSA |
📉 Ease of Use | 4/5 |
📊 Support Hours | 24/5 |
💹 Trading Platforms | MetaTrader 4, MetaTrader 5, HYCM trader |
📌 Account Types | Fixed, Classic, Raw |
💰 Base Currencies | USD, EUR, GBP, AED, JPY |
🅰️ Spreads | From 0.1 pips |
🅱️ Leverage | Up to 1:500 |
🚀Open an Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Regulated by respectable agencies | Charges inactivity fees |
Good range of instructional resources | Research services can appear basic |
Narrow spreads on main Forex pairings | Neither copy nor social trading is currently accessible |
Our Insights
The benefits of trading with HYCM include excellent educational resources and Narrow spreads on Major Forex Pairs.
Is Forex Trading Legal in Congo?
Forex Trading in the Democratic Republic of the Congo is Legal and Regulated by the Central Bank of Congo (BCC).
The Central Bank of Congo (BCC)
Banque Centrale du Congo or the Central Bank of Congo (BCC) is the central bank of the Democratic Republic of the Congo. The BCC is located in the city of Kinshasa.
The Congolese Franc (CDF)
The Congolese franc is the currency of the Democratic Republic of the Congo.
In Conclusion
Forex Trading in Congo has seen a notable rise in popularity amongst young Congolese Professionals. Moreover, it is available without restriction. In addition, several International Forex Brokers accept local traders.
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 10 | Visit Broker |
4 | ![]() | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
5 | ![]() | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | 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 Congolese 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:
- IC Markets Review
- Moneta Markets Review
- XTB Review
- Tickmill Review
- XM Review
- TMGM Review
- HYCM Review
Forex Trading in the Democratic Republic of the Congo is Legal and Regulated by the Central Bank of Congo (BCC).
The Central Bank of Congo (BCC).
The Congolese Franc.
IC Markets does not charge an Inactivity Fee.
Moneta Markets offers 24/5 Customer Support.
xStation 5 and xStation Mobile.
A Proprietary Tickmill Mobile App is available.
Beginners will benefit from an XM Micro Account.
The TMGM Minimum Deposit is 100 USD.
Regulations include FCA, CySEC, CIMA, and, the DFSA.