6 Best Forex Brokers in Mali
Last Update: June 26th, 2024
The 6 Best Forex Brokers in Mali – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Mali.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Mali – a List
- Is Forex Trading Legal in Mali?
- The Best MetaTrader 4 and MetaTrader 5 Forex Brokers
- The Best Forex Brokers for Beginners and Foreigners
- The Biggest Forex Brokers in Africa
and much, MUCH more!
6 Best Forex Brokers in Mali – a Comparison
🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💶 Min. Deposit (XOF) |
🥇 CMC Markets | 👉 Click Here | ✅Yes | None |
🥈 FXCM | 👉 Click Here | ✅Yes | 30209,22 |
🥉 Interactive Brokers | 👉 Click Here | ✅Yes | None |
🏅 eToro | 👉 Click Here | ✅Yes | 6041,84 |
🎖️ XTB | 👉 Click Here | ✅Yes | None |
🥇 IC Markets | 👉 Click Here | ✅Yes | 120836,88 |
6 Best Forex Brokers in Mali (2024)
- ☑️ CMC Markets – Overall, the Best Forex Broker in Mali
- ☑️ FXCM – The Best MetaTrader 5 Forex Broker
- ☑️ Interactive Brokers – Best Forex Broker for Foreigners
- ☑️ eToro – Best Forex Broker for Beginners and Active Traders
- ☑️ XTB – Best Overall User Experience
- ☑️ IC Markets – Best Mobile Trading Experience
CMC Markets
CMC Markets is a UK-based leading global provider of online trading and investing. Regulations include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts include CFD, Spread Betting, and, Corporate. Moreover, a Demo Account is available. No minimum deposit is required. In addition, notable Factors, Features, and Benefits to consider include:
- Commissions are charged on all accounts
- Leverage of up to 1:30
- Scaling and Hedging are allowed
- Spreads from 0.3 Pips
- An Inactivity Fee is charged
Furthermore, Trading Instruments available are Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. CMC Markets support MetaTrader 4 and Next Generation. In addition, a Proprietary Mobile App is available.
🔎 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
CMC Markets offers excellent pricing and an impressive selection of tradeable instruments.
FXCM
FXCM is a leading global provider of Forex and CFD Trading. Regulations include FCA, ASIC, CySEC, and, the FSCA. Accounts available are CFD Trading and Demo. Moreover, an Islamic Option is available. The minimum deposit is 50 USD. In addition, notable Factors, Features, and Benefits to consider include:
- Spreads from 0.2 Pips
- Over 40 Currency Pairs, including Major, Minor, and, Exotic
- Commission Free Trading
- An Affiliate Program
- Scalping and Hedging are provided
- An Inactivity Fee is charged
Furthermore, Trading Instruments available are Forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and, Stock Baskets. Moreover, FXCM Supports Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and, ZuluTrade. In addition, a Proprietary Mobile Trading App is available.
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
FXCM is proven to be a reliable and well-regulated platform suited to all levels of traders. In addition, beginners will benefit from competitive pricing and trusted customer support.
Interactive Brokers
Interactive Brokers or IBKR is an American multinational brokerage firm. Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Accounts available are IBKR Lite and IBKR Pro. Moreover, no minimum deposit is required. In addition, notable Factors, Features, and Benefits to consider include:
- Multiple Base Currencies including USD, AUD, and, CAD
- Spreads from 0.6 Pips
- Multilingual Customer Support
- Commissions are Charged
Furthermore, Trading Instruments available are Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. IBKR supports IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.
🔎 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
Interactive Brokers best suit institutional and high-volume traders. Moreover, active traders will benefit from the wide selection of Proprietary trading platforms available.
eToro
eToro is a social investment and multi-asset investment brokerage company. Regulations include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC. A Standard Retail Account and Proprietary Trading Platform is available. The minimum deposit is 10 USD. In Addition, notable Factors, Features, and Benefits to consider include:
- Single USD Base Currency
- An Inactivity Fee is Charged
- Social and Copy Trading is Offered
- Over 50 Currency Pairs
- Multilingual Customer Support
- 24/5 Customer Support
Furthermore, Trading Instruments available are Forex, stocks, crypto CFDs, indices, commodities, and, ETFs.
🔎 Broker | 🥇 eToro |
📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
📉 Ease of Use | 5/5 |
📊 Support Hours | 24/5 |
💻 Trading Platforms | eToro platform |
💹 Account Types | Standard Retail Account |
💴 Base Currencies | USD |
🅰️ Spreads | From 1 pip EUR/USD |
🅱️ Leverage | 1:400 (eToro Seychelles Ltd) |
💶 Currency Pairs | 55; minor, major, exotic pairs |
💳 Minimum Deposit | From 10 USD (US) |
🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
📌 Website Languages | English, Italian, German, etc. |
💰 Fees and Commissions | Spreads from 1 pip, zero commission fees |
🤝 Affiliate Program | ✅Yes |
✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
📈 Scalping | None |
📉 Hedging | ✅Yes |
📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
🚀Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Social trading | Withdrawal Fee |
Low trading fees | Inactivity fee |
Negative balance protection | Conversion fees |
User-friendly Platform | Single base currency |
Our Insights
eToro suits all levels of Traders. Moreover, Social and Copy Trading is provided.
XTB
XTB is a reliable and respected Forex and CFD Brokerage. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts available are Stndard and Swap-Free. Moreover, a Demo Account is available. Moreover, no minimum deposit is required.
- Bonus offers and promotions on occasion.
- 24/5 Multilingual Customer Support
- Multiple Base Currencies
- Spreads from 0.5 Pips
- Leverage of up to 1:500
Furthermore, trading instruments available are Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. XTB supports xStation 5 and xStation Mobile.
🔍 Broker | 🥇 XTB |
💵 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 |
Islamic Account | Inactivity fee |
Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include multilingual customer support and access to educational resources.
IC Markets
IC Markets is a well-regulated and trusted Financial Services provider. Regulations include ASIC, CySEC, FSA, and, the SCB. Accounts available are cTrader, Raw Spread, and, Standard. Moreover, a Demo Account is available. In addition, notable Factors, Features, and Benefits to consider include:
- 20 USD Minimum Deposit
- Social and Copy Trading
- 24/7 Customer Support
- Spreads from 0.0 Pips
- Leverage of up to 1:500
Moreover, Trading instruments available are Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. XTB supports MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.
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 excellent educational resources.
In Conclusion
Forex Trading in Mali is available without restriction. However, it is not locally regulated. An International Forex Broker must be selected to trade Forex in Mali legally.
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 Armenian Traders, we found 6 excellent options. In addition, each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Moreover, finding the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like:
Forex in Mali is available without restriction.
No minimum deposit is required.
FXCM offers 24/5 Customer Support.
No Inactivity Fee is charged.
Regulations include CySEC, FCA, and, ASIC.
Mobile Trading is available via the xStation Mobile App.
The IC Markets minimum deposit is 200 USD.