7 Best Forex Brokers in the Democratic Republic of the Congo
The 7 Best Forex Brokers in the Democratic Republic of the Congo – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in the Democratic Republic of the Congo.
In this in-depth guide, you will learn:
- The Best Forex Brokers in the Democratic Republic of the Congo
– a List - The Best Forex Brokers in Africa – Revealed
- Top Forex Brokers for Beginners
- The Best Forex Brokers in Congo with a Low CDF Minimum Deposit
- Leading MetaTrader Forex Brokers
And much, MUCH more!
7 Best Forex Brokers in the Democratic Republic of the Congo – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💴 Min. Deposit (CDF) |
| 🥇 IC Markets | 👉 Click Here | ✅Yes | 562000,00 |
| 🥈 Moneta Markets | 👉 Click Here | ✅Yes | 140500,00 |
| 🥉 XTB | 👉 Click Here | ✅Yes | None |
| 🏅 Tickmill | 👉 Click Here | ✅Yes | 281000,00 |
| 🎖️ XM | 👉 Click Here | ✅Yes | 14050,00 |
| 🥇 TMGM | 👉 Click Here | ✅Yes | 281000,00 |
| 🥈 HYCM | 👉 Click Here | ✅Yes | 56200,00 |
7 Best Forex Brokers in the Democratic Republic of the Congo (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in the Congo (DRC)
- ☑️ Moneta Markets – The Best Overall User Experience
- ☑️ XTB – Best Forex Broker for Beginners
- ☑️ Tickmill – The Best Mobile Trading Experience
- ☑️ XM – Leading MetaTrader Forex Broker
- ☑️ TMGM – Best Online Trading Experience
- ☑️ HYCM – Low CDF Minimum Deposit
IC Markets
IC Markets is a highly trusted and Regulated Forex and CFD Broker. Regulations include ASIC, CySEC, FSA, and the SCB. Accounts available are cTrader, Raw Spread, and Standard. Moreover, a Demo Account is offered. The Minimum Deposit is 200 USD. In addition, Notable Factors and Features include:
- 24//7 Multilingual Customer Support
- Copy and Social Trading via IC Social
- Multiple Base Currencies, including AUD and JPY
- Access to over 60 Currency Pairs
- No Inactivity Fee is Charged
- Scalping and Hedging are Offered
Trading Platforms supported are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.
| 🔎 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
Trading with IC Markets offers multiple copy trading platforms, excellent education resources, and trusted customer support.
Moneta Markets
Moneta Markets is a well-established financial services provider. Regulations include FSCA, FSA Seychelles, CIMA, and ASIC. Accounts available are Direct STP, Prime ECN, and Ultra ECN. Moreover, a Demo Account is available. The Minimum deposit is 50 USD. Notable features include:
- Occasional Bonus Offers and Promotions
- Copy/Social Trading
- Spreads from 0.0 Pips
- Leverage of up to 1:10000
- No inactivity Fee is charged
Trading Instruments 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 |
| 🔊 Website Languages | English, French, German, Spanish, Vietnamese, Thai, Russian, Arabic, Portuguese, Chinese, etc. |
| 🪙 Fees and Commissions | Spreads from 0.0 pips, commissions from $6 round turn |
| 🤝 Affiliate Program | ✅Yes |
| ❎ Banned Countries | United States, Canada, Hong Kong |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📐 Trading Instruments | Forex, commodities, indices, shares, ETFs, bonds, cryptocurrencies |
| 🚀 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 access to multiple educational resources, including seminars and market analysis.
XTB
XTB is a highly licensed and regulated Financial services provider. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and the IFSC. Accounts offered are Standard and Swap-Free. Moreover, a Demo Account is available. No minimum deposit is required. Notable Features include:
- 24/7 Customer Support
- Occasional Bonus offers and Promotions
- Spreads from 0.5 Pips
- Affiliate Programmes
- Scalping and Hedging
Trading Instruments include Forex, indices, commodities, stocks, ETFs, and crypto CFDs. Trading Platforms available are xStation 5 and xStaion Mobile.
| 🔍 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time Seconds | Milliseconds - |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 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 | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀 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 access to in-depth market research, news updates, and technical indicators.
Tickmill
Tickmill is a highly regulated and trusted Forex and CFD Broker. Regulations include the Seychelles FSA, FCA, CySEC, Labuan FSA, and the FSCA. The accounts available are VIP, Classic, and Pro. Moreover, a Demo Account is available. The minimum deposit is 100 USD. Notable features include:
- High Ease of Use Rating
- Mobile Trading Capability
- USD, EUR, GBP, and PLN Base Currencies
- Spreads from 0.0 Pips
- Affiliate Program
- Scalping and Hedging
Trading Instruments available are Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. Tickmill supports MetaTrader 4 and MetaTrader 5. In addition, a Tckmill 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 several account options and impressive trading platforms.
XM
XM is a tier-1 Regulated Financial Services Provider. Its regulations include FSCA, IFSC, ASIC, CySEC, DFSA, and FCA. Accounts available are Micro, Standard, Ultra Low, and Shares. Moreover, a Demo Account is available. The minimum deposit is 5 USD.
- Occasional Bonus Offers and Promotions
- 24/7 Customer Support
- An Inactivity Fee is Charged
- Multilingual customer support in 30 Languages
- A Micro Account
- Instant Deposit and Withdrawal Options
Trading Instruments include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and Turbo Stocks. XM supports MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile App is available.
| 🔎 Broker | 🥇 XM |
| 💴 Minimum Deposit | $5 USD |
| 🎁 Bonus Offers | ✅Yes |
| 📈 Account Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| ⏰ Support Hours | 24/7 |
| 🆓 Demo Account | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum deposit | No social trading features available |
| Unlimited Demo Account | Inactivity Fees |
Our Insights
The Benefits of Trading with XM include access to multilingual customer support. Languages supported include English, Malaysian, Russian, French, Italian, German, Polish, Spanish, and Portuguese.
TMGM
TMGM is a popular Forex and CFD Broker. Regulations include ASIC, FMA, and the VFSC. Accounts available are Classic, Edge, IRESS Standard, IRESS Premium, and IRESS Gold. Moreover, a Demo Account is available. The minimum deposit is 100 USD. Notable features include:
- 100 USD Minimum Deposit
- An Inactivity Fee is Charged
- Multilingual Customer Support
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Over 55 Currency Pairs
Trading Instruments available are Forex, Metals, Shares, Energies, Crypto CFDs, and Indices. TMGM supports MetaTrader 4, MetaTrader 5, IRESS, and, HUBx.
| 🔍 Broker | 🥇TMGM |
| 💵 Minimum Deposit | 100 USD |
| 4️⃣ Ease of use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| The broker highlights quick order execution, little slippage, and deals that are filled at the correct pricing | TMGM's own market commentary and basic research services are rather restricted when compared to those of rivals |
| The availability of the popular MetaTrader 4 and MetaTrader 5 platforms provides both familiarity and sophisticated technical analysis capabilities | For traders who are not interested in MetaTrader, TMGM's platform options are restricted |
| Traders have access to more than 12,000 products, including Forex, CFDs on stocks, indices, commodities, and cryptocurrency | Demo accounts may have time limits, making them unsuitable for lengthy practice before becoming live |
| TMGM is regulated by top-tier agencies like as ASIC (Australia) and the FMA (New Zealand), which improves customer protection and broker trust | Depending on your preferred withdrawal method, TMGM may have quite high minimum withdrawal requirements |
| TMGM's prompt and friendly customer support service, which is available 24/7, routinely earns favorable comments from clients | Despite being well-regulated, TMGM does not provide the extra assurance of investor compensation plans that some other brokers do |
Our Insights
The benefits of trading with TMGM include several impressive account types.
HYCM
HYCM is a well-established Forex Broker with over 4 Years of Experience. Regulations include FCA, CySEC, CIMA, and, the DFSA. Accounts available are Fixed, Classic, and, Raw. Moreover, a Demo Account is available. The minimum deposit is 20 USD.
- 24/5 Customer Support
- Scalping and Hedging
- Multiple Base Currencies
- Over 60 Currency Pairs
- Spreads from 0.1 Pips
- Leverage of up to 1:500
Trading Instruments include Forex, Metals, Energies, Commodities, Indices, Stocks, and Cryptocurrencies. HYCM supports MetaTrader 4, MetaTrader 5, and HYCM Trader.
| 🔎 Broker | 🥇 HYCM |
| 📈 Regulation and Licenses | FCA, CySEC, CIMA, DFSA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/5 |
| 💹 Trading Platforms | MetaTrader 4, MetaTrader 5, HYCM trader |
| 📌 Account Types | Fixed, Classic, Raw |
| 💰 Base Currencies | USD, EUR, GBP, AED, JPY |
| 🅰️ Spreads | From 0.1 pips |
| 🅱️ Leverage | Up to 1:500 |
| 🚀Open an Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated by respectable agencies | Charges inactivity fees |
| Good range of instructional resources | Research services can appear basic |
| Narrow spreads on main Forex pairings | Neither copy nor social trading is currently accessible |
Our Insights
The benefits of trading with HYCM include excellent educational resources and Narrow spreads on Major Forex Pairs.
Is Forex Trading Legal in the Democratic Republic of the Congo?
Forex Trading in the Democratic Republic of the Congo is Legal and Regulated by the Central Bank of Congo (BCC).
In Conclusion
Forex Trading in the Democratic Republic of the Congo has seen a notable rise in popularity amongst young professionals. Moreover, it is available without restriction. 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 | 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 Congolese Traders, we found 7 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 the Democratic Republic of the Congo is Legal.
The Central Bank of Congo (BCC).
The Congolese Franc.
A Commission Fee is Charged on the cTrader and Raw Spread Accounts.
Moneta Markets was established in 2019.
No Minimum deposit is required.
24/5 Customer Support is available.
The XM minimum deposit is 5 USD.
TMGM offers 24/7 Customer Support.
Regulations include the FCA, CySEC, CIMA, and, the DFSA.
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