6 Best Forex Brokers in Madagascar
Last Update: June 26th, 2024
The 6 Best Forex Brokers in Madagascar – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Madagascar.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Madagascar – a List
- Is Forex Trading Legal in Madagascar?
- Who Regulates Forex Trading in Madagascar?
- The Best Forex Brokers for Foreigners
- The Best Brokers in Africa for Beginners
- Leading MetaTrader 4 and MetaTrader 5 Forex Brokers
and much, MUCH more!
6 Best Forex Brokers in Madagascar – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Malagasy Traders | 💶 Min. Deposit (MGA) |
| 🥇 FP Markets | 👉 Click Here | ✅Yes | 295748,03 |
| 🥈 Vantage | 👉 Click Here | ✅Yes | 221966,40 |
| 🥉 Tickmill | 👉 Click Here | ✅Yes | 443932,80 |
| 🏅 Admirals | 👉 Click Here | ✅Yes | 110983,20 |
| 🎖️ Pepperstone | 👉 Click Here | ✅Yes | 591496,06 |
| 🥇 IC Markets | 👉 Click Here | ✅Yes | 887865,60 |
6 Best Forex Brokers in Madagascar (2024)
- ☑️ FP Markets – Overall, the Best Forex Broker in Madagascar
- ☑️ Vantage Markets – Best Overall User Experience
- ☑️ Tickmill – Leading MetaTrader 4 and MetaTrader 5 Forex Broker
- ☑️ Admirals – Best Online Trading Experience
- ☑️ Pepperstone – Popular Brokers for Established Traders
- ☑️ IC Markets – Best Mobile Trading Experience
FP Markets
FP Markets is a Forex and CFD Broker regulated in several notable regions. Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC. Accounts include Standard, Raw, Islamic Standard, and, Islamic Raw. The minimum deposit is AU$ 100. Notable Factors and features to consider include:
- 24/7 Customer Support
- Multiple Base Currencies including AUD and EUR
- Spreads from 0.0 Pips
- Leverage of up to 1:500
FP Markets offers over 10,000 trading items, including Forex, indices, commodities, stocks, and, cryptocurrencies. FP Markets support MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. In addition, a proprietary mobile app is available.
| 🔎 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
FP Markets suit multiple levels of traders. Muslim Traders will benefit from Islamic, Swap-Free Accounts.
Vantage Markets
Vantage Markets is a reliable multi-asset Brokerage. Regulations include CIMA, VFSC, FSCA, and, ASIC. Accounts available are Standard STP, Raw ECN, and, PRO ECN. Moreover, a Demo Account is available. The minimum deposit is 50 USD. Notable Factors and features to consider include:
- Social and Copy Trading
- No Inactivity Fee is Charged
- Spreads from 0.0 Pips
- Leverage of up to 1:500
Trading Instruments include Forex, indices, metals, soft commodities, energies, ETFs, share CFDs, bonds, and crypto CFDs (Australia). Vantage Markets Support MetaTrader 4, MetaTrader 5, ProTrader, Vantage App, Vantage Copy Trading, ZuluTrade, DupliTrade, and, Myfxbook AutoTrade.
| 🔍 Broker | 🥇 Vantage Markets |
| 💵 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 |
| Vantage Markets provides narrow spreads on its ECN accounts, which could lower trading expenses | Some payment methods, notably international bank transfers, might incur withdrawal fees |
| Their technology is designed to provide fast transaction execution while minimizing slippage in turbulent markets | Some services and product offers may be restricted based on your location due to legislative limits |
| Traders can use webinars, market analysis, and other instructional resources | Share CFD trading expenses on Vantage Markets could be higher than those of certain rivals |
Our Insights
The benefits of trading with Vantage Markets include Multilingual customer support.
Tickmill
Tickmill is a well-regulated and prominent Forex and CFD broker. Regulations include FCA, CySEC, and, the FSCA. Accounts available are VIP, Classic, and, Pro. Moreover, an Islamic Account and Demo Account is available. The minimum deposit is 100 USD. Notable Factors and features to consider include:
- Occasional Bonus Offers and Promotions
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 60 Currency Pairs
Trading Instruments include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. Tickmill supports MetaTrader 4 and MetaTrader 5. In addition, a Proprietary 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
Beginners will benefit from the Tickmill 30 USD Welcome Account.
Admirals
Admirals, or, Admiral Markets, is a well-regulated and trusted Financial Services provider. Regulations include FCA, ASIC, and, CySEC. Account available are Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, and, Bets.MT5. The minimum deposit is 25 USD. Notable Factors and features to consider include:
- 10 Base Currencies, including EUR and USD
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
Additional Fees include an Inactivity Fee. Trading instruments include Forex, Crypto CFDS, Indices, Stocks, ETFs, and, Bonds. Admirals support MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile App is available.
| 🔎Broker | 🥇Admirals |
| 💴Minimum Deposit | 25 USD |
| 🎉Established Year | 2001 |
| ⏰Support Hours | 24/5 |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, Admirals App |
| 📈Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | No 24/7 customer service |
Our Insights
The Benefits of trading with Admirals include Educational Resources and trusted Customer Support.
Pepperstone
Pepperstone is an industry leader in Forex and CFD Trading. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and the SCB. Accounts available are Standard, Razor, and Islamic, Swap-Free. In addition, a Demo is available. Notable Factors and features to consider include:
- USD and GBP Base Currencies
- 24/7 Customer Support
- Spreads from 0.0 Pips
- Leverage of up to 1:500
Trading instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Pepperstone supports TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include Multilingual customer support. Moreover, an Inactivity Fee is not charged.
IC Markets
IC Markets is a powerful Forex and CFD Broker. Regulations include ASIC, CySEC, FSA, and, the SCB. Accounts available are cTrader, Raw Spread, and, Standard. Moreover, an Islamic, Swap-Free Option and Demo Account are available. The minimum deposit is 200 USD. Notable Factors and features to consider include:
- Copy and Social Trading
- 8 Base Currencies including NZD and CAD
- Leverage of up to 1:500
- Spreads from 0.0 Pips
Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. Scalping and Hedging are offered. IC Markets support 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 Insight
The benefits of trading with IC Markets include access to trusted Deposit Options and easy Withdrawals.
Is Forex Trading Legal in Madagascar?
Trading Forex in Madagascar is Legal and Well-regulated. However, to legally trade Forex in the country a request must be sent to the Local government. Moreover, The Finance Ministry governs it.
In Conclusion
The popularity of Forex Trading in Madagascar has seen a notable rise. Moreover, it is legal to trade Forex in Madagascar upon request.
| 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 Malagasy Traders, 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.
You might also like:
- FP Markets Review
- Vantage Markets Review
- Tickmill Review
- Admirals Review
- Pepperstone Review
- IC Markets Review
Forex Trading in Madagascar is legal.
24/7 Dedicated Customer Support is available.
A 50% Deposit Bonus is available.
No Inactivity Fee is charged.
Admirals supports MetaTrader 4 and MetaTrader 5.
The Pepperstone Minimum deposit is Au$200.
Regulations include ASIC, CySEC, FSA, and, the SCB.
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