5 Best Forex Brokers in Ethiopia

Last Update: June 26th, 2024

 

The 5 Best Forex Brokers in Ethiopia – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Ethiopia.

 

In this in-depth guide, you will learn:

 

• The Best Forex Brokers in Ethiopia – a List
• The Top Forex Brokers in Africa for Ethiopian Traders
• Is Forex Trading Legal in Ethiopia?
• Which forex broker is the best in Ethiopia?
• Is forex trading allowed in Ethiopia?
• The Best Forex Broker for Beginners
• The Leading MetaTrader Forex Brokers

 

and much, MUCH more!

 

 

5 Best Forex Brokers in Ethiopia – a Comparison

 

 

5 Best Forex Brokers in Ethiopia (2024)

 

1. ☑️ eToro – Overall, the Best Forex Broker in Ethiopia
2. ☑️ Interactive Broker – Best Overall Offering
3. ☑️ Saxo – High User Trust Score and Regulation
4. ☑️ IC Markets – Leading MetaTrader Forex Broker
5. ☑️ Pepperstone – Best Online Trading Experience

 

 

eToro

eToro is a powerful and well-established Forex and CFD Broker. Moreover, Regulations include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC. In addition, a Standard Retail Account is offered. Moreover, a Demo Account is available. The minimum deposit is 10 USD. Notable features include:

 

• Cryptocurrency Trading
• Social and Copy Trading
• Hedging

 

Trading Instruments include Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, and, ETFs. Furthermore, a Proprietary Trading Platform is supported.

 

 

 

Pros and Cons

 

 

Our Insights

The benefits of trading with eToro include access to a wide range of tradable assets. Moreover, Social Trading is available.

 

 

Interactive Brokers

Interactive Brokers is a popular trading platform for experienced traders and investors. Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. In addition, accounts include IBKR Lite and IBKR Pro. Moreover, a Demo Account is available. No minimum deposit is required. Notable Features include:

 

• Multiple Proprietary Trading Platforms
• 8 Base Currencies
• Over 100 Currency Pairs

 

Trading Instruments include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. Furthermore, Interactive Brokers support IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.

 

 

 

Pros and Cons

 

 

Our Insights

The benefits of trading with Interactive Brokers include Highly competitive commissions and margin rates.

 

 

Saxo

Saxo is amongst the highest regulated Financial Services Providers. Regulations include the Dutch Central Bank and Authority for Financial Markets in the Netherlands. Accounts available are Classic, Platinum, and, VIP. Moreover, a Demo Account is available. Notable features include:

 

• An Affiliate Program
• No Inactivity Fee is charged
• Over 180 Currencies Pairs

 

Trading Instruments include Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, and, mutual funds. Saxo Supports SaxoTraderGO and SaxoTraderPro.

 

 

 

Pros and Cons

 

 

Our Insights

The benefits of Trading with Saxo include Multilingual Customer Support.

 

 

IC Markets

IC Markets is a Powerful Forex and CFD Broker. Regulations include ASIC, CySEC, FSA, and, the SCB. Accounts include cTrader, Raw Spread, and, Standard. Moreover, a Demo Account is available. Furthermore, the minimum deposit is 200 USD. Notable features include:

 

• 24/7 Customer Support
• Multiple Base Currencies
• Spreads from 0.0 Pips
• Leverage of up to 1:500

 

Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. Moreover, IC Markets support MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. In addition, Copy Trading is supported.

 

 

 

Pros and Cons

 

 

Our Insights

The Benefits of trading with IC Markets include low pricing and several trading platforms.

 

 

Pepperstone

Pepperstone is a highly-regulated Australian Financial Services provider. In addition to ASIC, regulations include BaFin, CMA, and, CySEC. The Accounts available are Standard and Razor. Moreover, a Demo Account is available. Furthermore, The minimum deposit is AU$200. Notable features include:

 

• TradingView integration
• Spreads from 0.0 Pips
• Leverage of up to 1:500

 

Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Moreover, Pepperstone supports TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.

 

 

 

Pros and Cons

 

 

Our Insights

The Benefits of trading with Pepperstone include 24/7 Customer Support. In addition, Customer Support is Multilingual.

 

 

Is Forex Trading Legal in Ethiopia?

Forex Trading in Ethiopia is Regulated and Legal.

 

 

The National Bank of Ethiopia

The National Bank of Ethiopia is the central bank of Ethiopia. Moreover, it is amongst Africa’s strongest and most reputable central banks.

 

 

In Conclusion

Forex Trading in Ethiopia is Legal. In addition, it is regulated by the National Bank of Ethiopia. Moreover, several International Brokers accept Local Traders.

 

 

Our Insights

While reviewing the Best Forex Brokers that accept Ethiopian Traders, we found 5 excellent options. In addition, each broker has its list of Benefits. Moreover, benefits will range from multiple account types to multilingual customer support. Furthermore, finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

You might also like:

 

• eToro Review
• Interactive Brokers Review
• Saxo Review
• IC Markets Review
• Pepperstone Review