5 Best Forex Brokers in the Ivory Coast
Last Update: June 26th, 2024
The 5 Best Forex Brokers in the Ivory Coast – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in the Ivory Coast (Cote d’Ivoire).
In this in-depth guide, you will learn:
- The Best Forex Brokers in the Ivory Coast – a List
- Is Forex Trading Legal in the Ivory Coast?
- The Best Forex Brokers for Beginners and Foreigners
- The Best Forex Brokers in Africa
- The Best MT4 and MT5 Forex Brokers
and much, MUCH more!
5 Best Forex Brokers in the Ivory Coast – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit |
| 🥇 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🥈 CMC Markets | 👉 Click Here | ✅Yes | None |
| 🥉 IG | 👉 Click Here | ✅Yes | 50 USD |
| 🏅 FXCM | 👉 Click Here | ✅Yes | 50 USD |
| 🎖️ IC Markets | 👉 Click Here | ✅Yes | 200 USD |
5 Best Forex Brokers in the Ivory Coast (2024)
- ☑️ Interactive Brokers – Overall, the Best Forex Broker in the Ivory Coast
- ☑️ CMC Markets – Low CFA Minimum Deposit
- ☑️ IG – Best Overall Trading Experience
- ☑️ FXCM – Best Mobile Trading Experience
- ☑️ IC Markets – Best Online Trading Experience
Interactive Brokers
Interactive Brokers is a prominent Forex and CFD Brokerage regulated by FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Live Trading accounts available are IBKR Lite and IBKR Pro. Moreover, a Free Trail Account is available.
Trading Platforms supported are IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact. IBKR Global is a platform designed for Beginner and Intermediate Traders. Additionally, it offers access to two Mobile Trading platforms, including IBKR Impact.
Trading instruments and Products include Forex, Stocks, ETFs, Options, Futures, Indices, Mutual funds, Cryptocurrencies, metals, and, Bonds. To fund an IBKR Account, deposit options supported include SEPA, BPAY, eWallets, and, Crypto Wallets.
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
The benefits of trading with Interactive Brokers include an impressive proprietary offering.
CMC Markets
CMC Markets is a trusted Forex and CFD Broker regulated by BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts available include CFD, Spread Betting, and Corporate Options. Moreover, No minimum deposit is required.
Supported Trading Platforms include MetaTrader 4 and Next Generation. Next Generation is a proprietary CMC Markets platform with an intuitive interface and state-of-the-art technology. Additionally, a Proprietary Mobile App is available.
Trading instruments and Products include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. To fund a live trading account, multiple trusted deposit options are available for selection.
Deposit 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 impressive educational resources, including Videos, Instructional Articles, and, a Demo Account.
IG
IG is a Forex, CFD, and, Financial Services provider regulated by FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, BMA. Several live Trading accounts are offered, including a CFD/DMA Trading Account, a Limited Risk Trading Account, and an Options Trading Account.
The Minimum deposit is 50 USD. Supported Trading Platforms include MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, and, FIX API. The IG Trading Platform suits novice and experienced traders whereas ProRealTime is a high-level charting tool.
Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.
| 🔎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 several trusted Deposit options and Quick Withdrawals. Deposit options include PayPal, Debit Cards, and Credit Cards.
FXCM
FXCM Review is a trustworthy and well-regarded entity governed by the FCA, ASIC, CySEC, and, the FSCA. The FXCM CFD Account is available to all traders with a Minimum Deposit of 50 USD. Moreover, Demo and Islamic Accounts are available.
Supported Trading Platforms include Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and, ZuluTrade. Moreover, Social Trading is available via ZuluTrade. Additionally, an FXCM Mobile App is available for download.
Trading instruments and Products include forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and, Stock Baskets. To fund a Live Trading account Credit Cards, Debit Cards, CreditPay, Skrill, or, Neteller can be used.
| 🔍 Broker | 🥇 FXCM |
| 💵 Minimum Deposit | 50 USD |
| 4️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes |
| 🕰️ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Multitude of educational materials | High Currency conversion fees |
| Multiple Account Types | Narrow asset portfolio |
| 24-hour multilingual customer | Limited Trading Platforms |
Our Insights
The benefits of trading with FXCM include access to impressive educational resources, including Trading Guides, Trading Tools, and, eBooks.
IC Markets
IC Markets is a popular and highly trusted Forex and CFD Service provider regulated by ASIC, CySEC, FSA, and, the SCB. Live accounts available are cTrader, Raw Spread, Standard, and Islamic, Swap-Free Options. The minimum deposit is 200 USD. Moreover, a Demo Account is available.
Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. Copy and Social Trading is available via IC Social and ZuluTrade. Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.
Funding Options available include Credit Cards, Debit Cards, 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 benefits of trading with IC Markets include access to impressive educational resources and trusted Customer Support.
Is Forex Trading legal in Cote d’Ivoire?
Forex Trading is Legal in the Ivory Coast with no restrictions. Moreover, the Ivory Coast (Cote d’Ivoire) is a member of the West African Economic and Monetary Union (WAEMU).
In Conclusion
Forex Trading in the Ivory Coast has seen a spike in popularity. Moreover, the Ivory Coast forms part of the West African Economic and Monetary Union (WAEMU). 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 Local Traders, we found 5 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:
Forex Trading is Legal in the Ivory Coast (Cote d’Ivoire) with no restrictions.
Ivory Coast is a member of the West African Economic and Monetary Union (WAEMU).
The West African CFA franc.
A Proprietary IBKR Mobile App is available.
No Minimum Deposit is required.
Scalping and Hedging are offered.
FXCM offers 24/5 Customer Support.
Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.
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