6 Best Forex Brokers in Togo
Last Update: June 26th, 2024
The 6 Best Forex Brokers in Togo – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Togo.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Togo – a List
- Is Forex Trading Legal in Togo?
- The Best Forex Brokers in Africa
- The Best Forex Brokers for Beginners and Foreigners
and much, MUCH more!
6 Best Forex Brokers in Togo – a Comparison
🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit (XOF) |
🥇 Moneta Markets | 👉 Click Here | ✅Yes | 30332,29 |
🥈 Tickmill | 👉 Click Here | ✅Yes | 60664,58 |
🥉 Pepperstone | 👉 Click Here | ✅Yes | 80720,29 |
🏅 GO Markets | 👉 Click Here | ✅Yes | 121329,16 |
🎖️ FP Markets | 👉 Click Here | ✅Yes | 40360,15 |
🥇 eToro | 👉 Click Here | ✅Yes | 6066,46 |
6 Best Forex Brokers in Togo (2024)
- ☑️ Moneta Markets – Overall, the Best Forex Broker in Togo
- ☑️ Tickmill – Best Mobile Trading Experience
- ☑️ Pepperstone – Popular Broker for Established Traders
- ☑️ GO Markets – Excellent Overall Offering
- ☑️ FP Markets – Best Online Trading Experience
- ☑️ eToro – Low XOF Minimum Deposit Forex Broker
Moneta Markets
Moneta Markets is a renowned Forex and CFD service provider. Regulations by acclaimed and trusted agencies include AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, and, the BRL. Accounts available include Direct STP, Prime ECN, and, Ultra ECN. In addition, an Islamic, Swap-Free, and Demo Account is available. Notable Factors and Features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Access to over 40 Currency Pairs
- No Inactivity fee is Charged
- 50 USD Minimum Deposit
Trading instruments and Products include Forex, commodities, indices, shares, ETFs, bonds, and, cryptocurrencies. Moneta Markets supports PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader.
🔎 Broker | 🥇 Moneta Markets |
📈 Established Year | 2019 |
📉 Regulation and Licenses | FSCA, FSA Seychelles, CIMA, ASIC |
📊 Ease of Use Rating | 4/5 |
🎁 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
🖱️ Trading Platforms | PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App |
📌 Account Types | Direct STP, Prime ECN, Ultra ECN |
💴 Base Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL |
📍 Spreads | From 0.0 pips |
💹 Leverage | 1:1000 |
💵 Currency Pairs | 44; major, minor, and exotic pairs |
💶 Minimum Deposit | 50 USD |
💷 Inactivity Fee | None |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
1,000+ tradable assets, including forex | Some account types may have volume constraints |
Multilingual support | Limited Education |
Tight Spreads | No Negative Balance Protection |
No deposit or withdrawal fees | Inconsistencies reported in customer support quality. |
Strong Regulation | Limited Product Range |
MetaTrader 4 and 5 | Limited Account Types |
Our Insights
The benefits of trading with Moneta Markets include competitive spreads and commissions.
Tickmill
Tickmill is a prominent forex and CFD broker that adheres to a strict regulatory standard. Regulations by acclaimed and trusted agencies include the Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Accounts available include VIP, Classic, and, Pro. Moreover, Islamic, Swap-Free, and, Demo Account options are offered. Notable factors and features include:
- Base Currencies include USD, EUR, GBP, and, PLN.
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 60 Currency Pairs
- Bonus Offers, Promotions, and, Trader Contests
- No Inactivity Fee is Charged
Trading instruments and Products 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
The benefits of trading with Tickmill include access to numerous account options and reasonable spreads.
Pepperstone
Pepperstone is a highly regulated and trusted Forex, CFD, and, Financial Service Provider. Regulations by acclaimed and trusted agencies include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Live Accounts include Standard, Razor, and Islamic. Moreover, a Demo Account is available. Notable Factors and Features include:
- 24/7 Customer Support
- Occasional Bonus Offers and Promotions
- USD and GBP Base Currency
- Access to Over 70 Currency Pairs
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- A Commission Fee is Charged
Trading instruments and Products 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 educational content available to traders of all skill levels.
GO Markets
GO Markets is a reliable and robust forex and CFD broker. License and Regulations include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC. Accounts include Standard and GO+ Plus Accounts. Moreover, a Demo Account is available. In addition, notable Factors and Features include:
- 24/5 Customer Support
- Multiple Base Currencies, including AUD, USD, and, EUR
- No Inactivity Fee is Charged
- Spreads from 0.0 Pips
- Leverage of up to 1:500
Trading instruments and Products include Forex, shares, indices, metals, commodities, and, Cryptocurrencies. GO Markets support MetaTrader 4, MetaTrader 5, and, cTrader.
🔎 Broker | 🥇 GO Markets |
💴 Minimum Deposit | 200 USD |
💵 Inactivity Fee | None |
📈 Spreads | From 0.0 pips |
📉 Leverage | 1:500 |
🪙 Currency Pairs | 50+; minor, major, exotic pairs |
⏰ Support Hours | 24/5 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Competitive Spreads | Not FCA Regulated |
Our Insights
The benefits of trading with GO Markets include access to Inner Circle Webinars and trusted customer support.
FP Markets
FP Markets is a globally regulated and highly trusted Forex and CFD Services provider. Regulations by acclaimed and trusted agencies include ASIC, CySEC, FSCA, FSA, and, the FSC. Accounts available include Standard, Raw, Islamic Standard, and, Islamic Raw. Moreover, a Demo Account is available. Notable Factors and Features include:
- 24/7 Customer Support
- Multiple Base Currencies, including AUD, CAD, and, USD
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- No Inactivity Fee is Charged
- Scalping and Hedging are Provided
Trading instruments and Products include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds. FP Markets support MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. Moreover, 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
The Benefits of trading with FP Markets include comprehensive technical analysis materials, such as video courses and eBooks.
eToro
eToro is a powerful and well-established Forex and CFD Broker. Regulations by acclaimed and trusted agencies include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, the SIPC. A Standard Retail Account is available. In addition, notable Factors and Features include:
- Spreads from 1 Pip
- Leverage of up to 1:400
- Access to over 50 Currency Pairs
- An Inactivity Fee is Charged
Trading instruments and Products include Forex, Stocks, Crypto CFDs, Indices, Commodities, and, ETFs. A Proprietary Mobile App is available.
🔎 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
The benefits of trading with eToro includes access to Social and Copy Trading.
Is Forex Trading Legal in Togo?
Forex Trading in Togo is legal and well-regulated by the West African Economic and Monetary Union (WAEMU) and the Organization for the Harmonization of Business Law in Africa (OHADA).
In Conclusion
The Popularity of Forex Trading in Togo has seen a spike. Moreover, it is Legal and licensed by the West African Economic and Monetary Union (WAEMU) and the Organization for the Harmonization of Business Law in Africa (OHADA).
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 Traders in Togo, 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:
- Moneta Markets Review
- Tickmill Review
- Pepperstone Review
- GO Markets Review
- FP Markets Review
- eToro Review
Forex Trading in Togo is legal and well-regulated.
The West African Economic and Monetary Union (WAEMU) and the Organization for the Harmonization of Business Law in Africa (OHADA).
The West African CFA Franc.
24/5 Customer Support is available.
The Tickmill Minimum Deposit is 100 USD.
Over 70 Currency Pairs, including Major, Minor, and, Exotic Pairs.
No Inactivity Fee is Charged.
Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC.
eToro does not support scalping.