6 Best Forex Brokers in Equatorial Guinea
Last Update: June 26th, 2024
The 6 Best Forex Brokers in Equatorial Guinea – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Equatorial Guinea.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Equatorial Guinea – a List
- Is Forex Trading Legal in Equatorial Guinea?
- The Best Forex Brokers in Africa for Beginners
- The Best MetaTrader Forex Brokers
- Forex Brokers with CFA Deposit Options
and much, MUCH more!
6 Best Forex Brokers in Equatorial Guinea – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit |
| 🥇 Saxo | 👉 Click Here | ✅Yes | None |
| 🥈 IC Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🥉 AvaTrade | 👉 Click Here | ✅Yes | 100 USD |
| 🏅 Tickmill | 👉 Click Here | ✅Yes | 100 USD |
| 🎖️ CMC Markets | 👉 Click Here | ✅Yes | None |
| 🥇 IG | 👉 Click Here | ✅Yes | 50 USD |
6 Best Forex Brokers in Equatorial Guinea (2024)
- ☑️ Saxo – Overall, the Best Forex Broker in Equatorial Guinea
- ☑️ IC Markets – Best Overall Trader Experience
- ☑️ AvaTrade – High User Trust Score
- ☑️ Tickmill – Best Mobile Trading Experience
- ☑️ CMC Markets – Best Online Trading Experience
- ☑️ IG – Low CFA Minimum Deposit
Saxo
Saxo is amongst the highest regulated service providers governed by 14 Tier-1 Regulatory authorities. Live Trading Accounts available include Classic, Platinum, and VIP Options. The Classic Account suits Beginner and Casual Traders, whereas the Platinum and VIP options are available to Experience, Professional, and, Institutional Traders.
Moreover, no minimum deposit is required. Supported Trading Platforms include SaxoTraderPRO and SaxoTraderGO. SaxoTraderGO suits all levels of experience, whereas, SaxoTraderPRO is a professional-grade Trading platform.
Trading instruments and Products include forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, and, mutual funds.
| 🔎 Broker | 🥇 Saxo |
| 📈 Ease of Use | 4/5 |
| 📉 Support Hours | 24/5 |
| 📊 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 💹 Account Types | Classic, Platinum, VIP |
| 💴 Base Currencies | 18 currencies |
| 🅰️ Spreads | From 0.4 pips |
| 🅱️ Leverage | 1:30 |
| 💸 Currency Pairs | 185+ |
| 💳 Minimum Deposit | 0 USD |
| 🚫 Inactivity Fee | None |
| ⚙️ Website Languages | English, Danish, French, etc. |
| 💰 Fees and Commissions | Spreads from 0.4 pips; commissions from $0 on Mutual Funds |
| 🤝 Affiliate Program | ✅Yes |
| ❌ Banned Countries | United States |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
The benefits of trading with Saxo include an impressive overall offering, including proprietary trading accounts and platforms.
IC Markets
IC Markets is a highly trusted Forex and CFD Services provider licensed and regulated by ASIC, CySEC, FSA, and, the SCB. Live Trading accounts include cTrader, Raw Spread, and, Standard Options. Moreover, Islamic and Demo Accounts are available. The minimum deposit is 200 USD.
Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. IC Social is a proprietary global Social Trading Platform. In addition, an IC Markets Mobile application is offered.
Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. Furthermore, Funding Options include PayPal, Neteller, Skrill, and, UnionPay.
| 🔎 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 highlights of trading with IC Markets include fee-free deposits and withdrawals.
AvaTrade
AvaTrade is a licensed and established broker regulated by ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. Accounts available include Retail, Islamic, and, Professional Options. Moreover, a Demo Account is available.
Supported Trading Platforms include:
- MetaTrader 4 and 5
- AvaTradeGO
- AvaSocial
- AvaTrade Web
- ZuluTrade
- DupliTrade
- AvaOptions
AvaTradeGO is a Proprietary Mobile Trading App whereas AvaSocial is a proprietary Social Trading Platform. Trading instruments Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs.
Furthermore, the range of Funding Methods accepted includes Bank Wire Transfers, PayPal, WebMoney, Neteller, and, Skrill.
| 🔎 Broker | 🥇 AvaTrade |
| 💴 Minimum Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
The benefits of trading with AvaTrade include excellent educational resources.
Tickmill
Tickmill is a prominent forex and CFD broker regulated by the Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Accounts available include Professional, Classic, and, VIP Options. The VIP Account is best suited to Day Traders and Scalpers. whereas the Classic Account suits all levels of skill.
Trading Platforms supported are MT4 and MT5. In addition, a proprietary mobile app is available. Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs.
Account funding options include Bank Transfers, Crypto Payments, Skrill, Neteller, and FasaPay.
| 🔎 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 access to multiple Bonus Offers, Promotions, and, Trader Contests. Additionally, a 30 USD Welcome Bonus is available.
CMC Markets
CMC Markets is a trustworthy and well-regarded entity licensed and regulated by BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Account types include CFD, Spread Betting, and Corporate. Moreover, a Demo Account is available. However, an Islamic, Swap-Free Option is not offered.
Trading instruments and Products include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. Trading Platforms supported are MetaTrader 4 and Next Generation. Additionally, a CMC Markets App is available.
Finally, Funding options accepted include Credit Cards, Debit Cards, Bank Transfers, and, Online Banking.
| 🔎 Broker | 🥇 CMC Markets |
| 💴 Minimum Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
The benefits of trading with CMC Markets include access to impressive educational resources. Resources available include Educational Videos and a Variety of Instructional Articles.
IG
IG is a highly regulated Forex, CFD, and, Finacial Service provider governed by 10 Tier-1 Regulators. Several Trading live trading accounts are available with a minimum deposit of 50 USD. Moreover, a Demo Account and an Islamic, Swap-Free Option are available.
Trading instruments and Products include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, Interest Rates. IG supports MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, and, FIX API.
Furthermore, funding options available are Bank Wire Transfers. Internation Transfers, ACH, and, PayPal.
| 🔎Broker | 🥇IG |
| 📈 Regulation and Licenses | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💴 Base Currencies | USD |
| 📊 Spreads | From 0.1 pips DMA |
| 📌 Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
| 💸 Currency Pairs | 80+; major, minor, and exotic pairs |
| 💳 Minimum Deposit | From 50 USD (differs per region) |
| 🚫 Inactivity Fee | Yes, 12 USD after 2 years of inactivity |
| 📍 Website Languages | English |
| 💰 Fees and Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Our Insights
The benefits of trading with IG include access to the IG Academy and trusted customer support.
Is Forex Trading Legal in Equatorial Guinea?
Forex Trading in Equatorial Guinea is Legal and available without Restriction. Moreover, it falls under the regulatory authority of the Bank of Central African States.
In Conclusion
Forex Trading in Equatorial Guinea has become popular in recent years. In addition, it is legal and governed by The Bank of Central African States. Moreover, 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 Traders in Equatorial Guinea, we found 6 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.
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Forex Trading in Equatorial Guinea is Legal and available without Restriction.
The Bank of Central African States.
The Central African CFA Franc.
Over 80 Currency Pairs, including Major, Minor, and Exotic Pairs.
Saxo is licensed and regulated by 14 Tier-1 Regulatory Agencies
The IC Markets minimum deposit is 200 USD.
AvaTrade offers 24/5 Customer Support.
A 30 USD Welcome Account is available.
No minimum deposit is required.
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