3 Best Forex Brokers in Gambia
The 3 Best Forex Brokers in Gambia – Rated and Reviewed. We have listed the Best Forex Brokers accepting Gambian Traders.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Gambia – a List
- Is Forex Trading Legal in the Gambia?
- The Best Forex Brokers for Beginners and Foreigners
- The Best MetaTrader Forex Brokers in Africa
and much, MUCH more!
3 Best Forex Brokers in Gambia – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Gambian Traders | 💶 Min.Deposit (GMD) |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 6775,00 |
| 🥈 IC Markets | 👉 Click Here | ✅Yes | 13550,00 |
| 🥉 FP Markets | 👉 Click Here | ✅Yes | 4492,30 |
3 Best Forex Brokers in Gambia (2024)
- ☑️ AvaTrade – Overall, the Best Forex Broker in Gambia
- ☑️ IC Markets – Best Overall Offering
- ☑️ FP Markets – Best Online Trading Experience
AvaTrade
AvaTrade is a highly regulated and well-established Forex and CFD Broker. Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. Accounts include Retail, Islamic, and, Professional. Moreover, a Demo Account is available. The minimum deposit is 100 USD. Notable features include:
Factors to consider include an Inactivity Fee. Trading Instruments include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indicators, Exchange-Traded Funds (ETFs), Options, Precious Metals, and CFDs. AvaTrade supports AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and ZuluTrade.
| 🔎 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
Trading with AvaTrade offers Social and Copy Trading benefits. Established Traders will also benefit from the Professional Account.
IC Markets
IC Markets is a well-established and popular Forex and CFD Broker. Regulations include AUD, USD, JPY, EUR, NZD, SGD, GBP, and, CAD. Accounts include cTrader, Raw Spread, and, Standard. Moreover, Demo and Islamic, Swap-Free Accounts are offered. The minimum deposit is 200 USD. Factors to consider include:
- Access to over 60 Currency Pairs
- 24/7 Customer Support
- ZuluTrade and Signal Start Integration
- 8 Base Currencies.
The Trading Platforms supported are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and ZuluTrade. The Trading Instruments are Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and Futures. In addition, Scaling and Hedging are allowed.
| 🔎 Broker | 🥇 IC Markets |
| 📌 Year Founded | 2007 |
| 👤 Amount of Active Traders | Over 1 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FSA (Seychelles) |
| 🌎 Country of Regulation | Seychelles |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🧾 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | Major and Minor |
| 💶 Minimum Deposit | 200 USD |
| ⚡ Average Deposit/Withdrawal Processing Time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | Generally no fee |
| 🔖 Spreads From | From 0.0 pips |
| 💷 Commissions | Variable |
| 🪙 Number of Base Currencies Supported | 10+ |
| 💳 Swap Fees | ✅Yes |
| 🏷️ Leverage | Up to 1:500 |
| 🖇️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📈 CFDs Total Offered | Extensive Range |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | Major global stocks |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting tools, etc. |
| 🥰 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 | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| ↪️ Do They Sponsor Any Notable Events or Teams | ✅Yes |
| ⭐ Rebate Program | ✅Yes |
| 🚀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 access to comprehensive education and research.
FP Markets
FP Markets is a popular and highly trusted financial service provider. Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC. Accounts available are standard, Raw, Islamic Standard, and, Islamic Raw. Moreover, a Demo Account is available. The minimum deposit is AU$100. Notable Features and Factors to consider include:
- 24/7 Customer Support
- 10 Base Currencies
- Spreads from 0.0 Pips
- Leverage of up to 1:500
FP Markets supports MetaTrader 4, MetaTrader 5, IRESS, and cTrader. Forex, Shares, Metals, Commodities, Indicators, Cryptocurrencies, Energies, ETFs, and Bonds are trading instruments available. In addition, a Proprietary Mobile App is offered.
| 🔎 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 multiple trusted deposit options. Options include Neteller and Perfect Money.
Is Forex Trading Legal in the Gambia?
Forex Trading in Gambia is legal and regulated by the Central Bank of Gambia (CBG).
The Central Bank of Gambia (CBG)
The CBG is the Bank of Gambia. It is responsible for providing Banking Services and managing Interest Rates and foreign exchange.
In Conclusion
Forex Trading in Gambia has seen a rise among young professionals. It is legal and regulated by the Central Bank of Gambia (CBG).
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | BVI FSC | USD 1 | 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 Gambian Traders, we found 3 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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Faq
Forex Trading in Gambia is legal and regulated by the Central Bank of Gambia (CBG).
The Central Bank of Gambia (CBG).
The Gambian dalasi (GMD).
A Demo Account and an Islamic, Swap-Free Option are provided.
The IC Markets minimum deposit is 200 USD.
Scalping and Hedging are allowed.
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