4 Best Forex Brokers in Guinea
The 4 Best Forex Brokers in Guinea – Rated and Reviewed. We have listed the Best Forex Brokers that accept traders in Guinea.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Guinea – a List
- Is Forex Trading Legal in Guinea?
- The Best Forex Brokers Accepting Guinean Currency
- The Best Forex Brokers in Conakry
- The Best Forex Brokers for Beginners and Foreigners
and much, MUCH more!
4 Best Forex Brokers in Guinea – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Guinean Traders | 💴 Min. Deposit (GNF) |
| 🥇 eToro | 👉 Click Here | ✅Yes | 85950,00 |
| 🥈 IG | 👉 Click Here | ✅Yes | 429750,00 |
| 🥉 IQ Option | 👉 Click Here | ✅Yes | 85950,00 |
| 🏅 FxPro | 👉 Click Here | ✅Yes | 859500,00 |
4 Best Forex Brokers in Guinea (2024)
- ☑️ eToro – Overall, the Best Forex Broker in Guinea
- ☑️ IG – Best Overall Offering
- ☑️ IQ Option – Low GNF Minimum Deposit
- ☑️ FxPro – Best Online Trading Experience
eToro
eToro is a highly regulated and trusted Forex and CFD Broker. Regulations include and are not limited to, ASIC, CySEC, and, FSA. A Standard Retail and Demo Account plus a Proprietary trading platform is available. Notable features include:
- Social and Copy Trading
- Spreads from 1 Pip EUR/USD
- Leverage of up to 1:400
Trading Instruments include Forex, Stocks, crypto CFDs, Indices, Commodities, and, ETFs.
| 🔎 Broker | 🥇 eToro |
| 📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, FinCEN, FINRA |
| 📉 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 | 1:30 |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | $50 USD |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip |
| 🤝 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 include access to a powerful and user-friendly proprietary trading platform.
IG
IG is a Tier-1 Regulated Financial Service Provider. Regulations include FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, BMA. Accounts include:
- CFD/DMA Account
- Limited Risk Trading Account
- Options Trading Account
- Turbo24 Trading Account
- Share Dealing Account
- Spread Betting Account
- Swap-Free Account
Moreover, a Demo Account is available. Trading instruments include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, and, Digital 100s. IG supports MetaTrader 4, ProRealTime (PRT), L2 Dealer, and, FIX API. In addition, a Proprietary Platform is available.
| 🔎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
IG best suits Professional Traders. Established Traders will benefit from various account types and trading platforms.
IQ Option
IQ Option is a prominent Forex and CFD Brokerage Platform. Accounts available are LIVE and VIP. Moreover, a Demo Account is available. The minimum deposit is 10 USD. Notable features include:
- Spreads from 2 Pips
- Leverage of up to 1:500
- Over 34 Currency Pairs
- Commission Free Trading.
Trading Instruments include Forex, Stocks, and, Cryptocurrencies. Moreover, a Proprietary Trading Platform is available.
| 🔎 Broker | 🥇 IQ Option |
| 📈 Regulation and Licenses | Not Regulated |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💹 Trading Platforms | IQ Option Platform |
| 📌 Account Types | Live, VIP |
| 📊 Spreads | 2 pips |
| 📈 Leverage | 1:500 |
| 💳 Minimum Deposit | 10 USD |
| 🚫 Inactivity Fee | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Stocks, currency, commodities, and crypto trading | Select withdrawal methods may be prohibited |
| Minimum Deposit 10 USD | Limited Regulation |
Our Insights
The benefits of trading with IC Markets include access to multilingual customer support.
FxPro
FxPro is a Forex and CFD broker that serves a broad spectrum of traders. Regulations include FCA, CySEC, SCB, FSCA, and, the FSC. Accounts available are Standard, Pro, Raw+, and, ECN. Moreover, a Demo Account is available. The minimum deposit is 100 USD. Notable features include:
- Multiple Base Currencies
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- An Affiliate Program
Trading Instruments include Forex, Futures, Indices, Shares, Metals, Energies, and Crypto CFDs. FxPro supports MetaTrader 4, MetaTrader 5, and cTrader. In addition, a Proprietary Trading Platform and Mobile app are available.
| 🔎 Broker | 🥇 FxPro |
| 📌 Year Founded | 2006 |
| 📍 Amount of staff | 500+ |
| ⭐ Publicly Traded | None |
| 🛡️ Regulation | FCA, CySEC, ASIC |
| 🌎 Country of regulation | UK, Cyprus, Australia |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative balance protection | ✅Yes |
| 📈 Investor Protection Schemes | FSC, FSCS, and others |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 📉 Minor account currencies | Multiple |
| 📊 Minimum Deposit | 100 USD |
| ⏰ Avg. deposit processing time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal processing time | 1-5 business days |
| 💴 Fund Withdrawal Fee | None |
| 💶 Spreads from | 0.0 pips |
| 💵 Commissions | Variable |
| 💷 Number of base currencies | 6 |
| 💳 Swap Fees | Variable |
| ⏹️ Leverage | Up to 1:500 |
| ⏺️ Margin requirements | Variable |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📊 CFDs Total Offered | 2000+ |
| 💹 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 💱 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, Credit/Debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, Credit/Debit cards, e-wallets |
| ➡️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| ↪️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Economic calendar, trading signals, charting tools |
| 🥰 Customer Support | Responsive |
| 🗯️ Live chat availability | ✅Yes |
| 💌 Support Email | [email protected] |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Twitter, Facebook, LinkedIn, |
| 📍 Languages | English, Spanish, German, French, Italian, Arabic, Chinese, Japanese |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Tutorials, articles, videos |
| 📒 Affiliate program | ✅Yes |
| 📑 IB Program | ✅Yes |
| 🗃️ Sponsor notable events/teams | ✅Yes |
| 🗄️ Rebate program | ✅Yes |
| 📌 Account Types | Standard, Raw+, Elite |
| 🅰️ Cent Accounts | None |
| 🅱️ Micro Accounts | None |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🌟 Suited to Active Traders | ✅Yes |
| *️⃣ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| MetaTrader 4 and 5 | Basic FXPro App |
| cTrader accounts | Commissions on cTrader accounts |
| Wide Range of Trading Instruments | Withdrawal Processing Times |
| Diverse Educational Resources | Limited Advanced Content |
| Multiple Platform Options | Spread Variability |
| Flexible Leverage | Potential for Higher Risk with Leverage |
| No Deposit or Withdrawal Fees | Complexity for New Traders |
Our Insights
The benefits of trading with FxPro include access to nine interactive online courses for beginners.
Is Forex Trading Legal in Guinea?
Forex Trading is Legal in Guinea. The Central Bank (BCRG) oversees the Guinean banking and e-currency sector.
The Central Bank (BCRG)
Banque Centrale de la République de Guinée, or the Central Bank of Guinea, oversees the country’s banking and e-currency sectors and serves as the government treasury.
Conakry Guinea
Guinea’s Capital City is Conakry, which serves as the country’s financial, cultural, and economic center.
In Conclusion
Forex Trading in Guinea Bissau is Legal. The country’s regulatory authority determines laws and rules regarding the local financial markets. Moreover, several International 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 200 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | 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 Guinean Traders, we found 4 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 is Legal in Guinea.
The Central Bank (BCRG) oversees the Guinean banking and e-currency sector.
Regulations include CySEC, FCA, and, ASIC.
The Minimum deposit starts from 10 USD. The minimum deposit is account-dependent.
An affiliate option is offered.
Scalping and Hedging are allowed.
24/7 Customer Support is available.
A Cost-Free Demo Account is available.
No inactivity fee is charged.
24/5 Customer Support is available.
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