- Exness
Exness is a brokerage firm founded in 2008. Today, it has proven itself to be an industry-leader. It is regulated by several reputable institutions such as the FSA, CySEC and FCA.
This broker offers a great selection of account types – Standard, Raw Spread, Pro, Zero and ECN. Its Standard account type is perfect for those with minimal capital to spend or beginners, as its minimum deposit is only 1 USD.
High leverage ratios are offered, spreads start from 0.3 pips and no commission fees are charged, depending on the account type.
- HotForex
HotForex gives traders access to both the MetaTrader 4 and 5 platform that supports a great selection of forex, metals, stocks, commodities, indices, cryptocurrencies as well as other financial markets.
Minimum deposits on account types start as low as 5 USD, with available leverage ratios of 1:1000, spreads from 0.1 pips and low banking fees. No hidden fees and Negative Balance Protection are some of the benefits when trading with HotForex.
HotForex has more than 2 million live accounts opened and received more than 35 prestigious industry awards through the years. It is regulated by several authorities such as the FSCA and CySEC.
- FXTM
FXTM offers numerous advantages through its Standard and ECN account types, such as no commission fees, no requotes, floating spreads and minimum deposits of just 100 USD.
Through the popular MetaTrader platforms, traders can enjoy ultra-fast market order execution and other beneficial features.
This multi-award-winning broker is authorised and regulated with the FCA, CySEC, FSC and FSCA across approximately 150 countries and serves more than 2 million traders.
FXTM provides access to numerous free educational resources and with FXTM Invest, copy trading lets one choose from nearly 5 000 trading strategies to copy and benefit from.
- Alpari International
Alpari International traders will benefit greatly from this broker’s 20+ years of experience in the forex trading markets. It is well regulated and complies with regulations of the FSC of Mauritius.
More than 2 million traders choose Alpari International. This broker has a presence in 8 locations across the globe. It offers a variety of ECN and Standard account types through the MetaTrader 4 and 5 platforms, each with its own characteristics.
Alpari International offers traders a vast selection of safe and reliable funding options.
The minimum deposit on the Standard account starts at 100 USD. Swap-free options are available, spreads start from as low as 0.4 pips and no commissions are charged, depending on the account type.
- CM Trading
CM Trading is one of the largest South African brokers and is authorised and regulated by the FSCA. Through its popular trading Sirix and MetaTrader 4 platforms, traders have access to a range of currencies, CFDs, indices and commodities.
Each of these platforms offer a wide selection of advantages such as forecasts, technical indicators and real-time updates.
Spreads start as low as 0.9 pips and initial minimum deposits start at 250 USD. Swap-free account options are available on all accounts except for the ECN accounts.
Verdict.Africa is officially the world’s fastest growing forex trading market with South Africa and Nigeria leading the pack.
You might like: Read more about the best forex brokers in Nigeria.
