7 Best Forex Brokers in Burundi
Last Update: June 26th, 2024
The 7 Best Forex Brokers in Burundi – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Burundi.
In this in-depth guide you will learn:
- The Best Forex Brokers in Burundi – a List
- Is Forex Trading Legal in Burundi?
- The Best Forex Brokers in Burundi Today
- The Best MetaTrader Brokers for Beginners
and much, MUCH more!
7 Best Forex Brokers in Burundi – a Comparison
🔎 Broker | 🚀Open an Account | 🤝 Accepts Burundian Traders | 💶 Min. Deposit (FBu) |
🥇 HF Markets | 👉 Click Here | ✅Yes | None |
🥈 XM | 👉 Click Here | ✅Yes | 14395,00 |
🥉 eToro | 👉 Click Here | ✅Yes | 28790,00 |
🏅 IC Markets | 👉 Click Here | ✅Yes | 575800,00 |
🎖️ CMC Markets | 👉 Click Here | ✅Yes | None |
🥇 FP Markets | 👉 Click Here | ✅Yes | 192177,57 |
🥈 Axi | 👉 Click Here | ✅Yes | None |
7 Best Forex Brokers in Burundi (2024)
- ☑️ HF Markets – Overall, the Best Forex Broker in Burundi
- ☑️ XM – Best Forex Broker for Beginners
- ☑️ eToro – The Best Broker for Copytrading
- ☑️ IC Markets – Best Mobile Trading Experience
- ☑️ CMC Markets – Best Online Trading Experience
- ☑️ FP Markets – Excellent Overall Offering
- ☑️ Axi – High User Trust Score
HF Markets
HF Markets is a trusted and highly Regulated Forex Broker. Regulations include FSCA, CySEC, DFSA, FSA, FCA, FSC, and the CMA. Accounts offered are Cent, Zero, Pro, and, Premium. Moreover, a Demo Account is available. No Minimum deposit is required.
Trading instruments include Forex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, and, ETFs. Trading Platforms include MetaTrader 4 and MetaTrader 5. In addition, a Mobile Trading app is available.
🔎 Broker | 🥇 HFM |
💴 Minimum Deposit | $0 |
📌 Regulation and Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
5️⃣ Ease of Use Rating | 5/5 |
🎁 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Top-tier Regulation | Regional constraints |
Segregated Accounts for Client Funds | Inactivity fees |
Our Insights
HFM suits all levels of Traders. Moreover, Beginners will benefit from Bonus Offers, Educational resources, and, dedicated customer support.
XM
XM is a trusted and highly regulated Financial Service Provider. Regulations include the FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA. Accounts offered are Micro, standard, Ultra-Low, and Shares. Moreover, a Demo Account is available. The Minimum deposit is 5 USD. Notable features include:
- Spreads from 0.6 Pips
- Leverage of Up to 1:1000
- Access to over 55 Currency Pairs
Trading Instruments include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks. Trading Platforms available are 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
Our Insights
The benefits of trading with XM include Scalping, Hedging, and, an Affiliate Program.
eToro
eToro is a highly regulated and trusted Forex and CFD Broker. Regulations include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC. A Standard Retail Account is offered. Moreover, a Demo Account is available. The minimum deposit is 10 USD. Notable features include:
- Copy and Social Trading
- Hedging
- Spreads from 1 Pip
- 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, 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 is well-suited to all levels of Traders. Moreover, benefits include a low minimum deposit.
IC Markets
IC Markets is a powerful Forex and CFD Broker. Regulations include ASIC, CySEC, FSA, and, SCB. Accounts available are cTrader, Raw Spread, and, Standard. Moreover, a Demo Account is available. The minimum deposit is 200 USD. Notable features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 64 Currency Pairs
Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. Trading Platforms available are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and ZuluTrade.
🔎 Broker | 🥇 IC Markets |
💴 Minimum Deposit | 200 USD |
💵 Inactivity Fee | None |
📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
5️⃣ Ease of Use Rating | 5/5 |
🎁 Bonuses | None |
⏰ Support Hours | 24/7 |
🚀 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
The benefits of trading with IC Markets include access to multiple copy and social trading platforms.
CMC Markets
CMC Markets is a highly trusted Financial Services provider. Regulations include GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, and, SGD. Accounts offered are CFD, Spread Betting, and, Corporate. Moreover, a Demo Account is available. No Minimum deposit is required. Notable features include:
- Access to over 330 Currency Pairs
- Spreads from 0.3 Pips
- Leverage of up to 1:30
Trading Instruments offered are Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. Trading Platforms available are MetaTrader 4 and Next Generation. In addition, a Proprietary Mobile Trading 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
The Benefits of trading with CMC Markets include several base currency options and impressive customer support.
FP Markets
FP Markets is a trusted and well-established Forex and CFD Broker. Regulations include ASIC, CySEC, FSCA, FSA, and, FSC. Accounts on offer are Standard, Raw, Islamic Standard, and, Islamic Raw. Moreover, a Demo Account is available. The minimum deposit is AU$ 100. Notable features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- 24/7 Customer Support
- Multilingual Website Option
Trading Instruments include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds. Trading Platforms available are MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. 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 tight Spreads and Low Forex Fees.
Axi
Axi, or AxiTrader, is a Trusted Financial Services provider. Regulations include ASIC, FCA, and FMA. Accounts offered are Standard, Pro, and, Elite. Moreover, a Demo Account is available. No Minimum deposit is required. Notable features include:
- Access to over 70 Currency Pairs
- Multilingual Website Option
- Spreads from 0.0 Pips
Trading Instruments include Forex, share CFDs, indices, commodities, oil, precious metals, crypto CFDs, CFDs, and, IPOs. MetaTrader 4 is offered.
🔎 Broker | 🥇 Axi |
💴 Minimum Deposit | 0 USD |
💵 Inactivity Fee | ✅Yes |
💝 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
🖱️ Trading Platforms | MetaTrader 4 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Axi is regulated by top-tier agencies | Only MetaTrader 4 is available |
Axi provides standard, professional, and advanced accounts | Axi does not have a proprietary trading platform |
Axi supports the use of MetaTrader 4 across devices | Crypto withdrawals are not available |
Users can trade forex and CFDs on equities, indices, commodities, and Crypto | Axi restricts customers from the United States and other regions |
Our Insights
Axi suits all levels of Traders, providing Standard, Professional, and Advanced accounts. Moreover, Traders have access to the Axi Academy.
Is Forex Trading Legal in Burundi?
Forex Trading in Burundi is Legal and regulated by The Bank of the Republic of Burundi (BRB).
In Conclusion
Forex Trading in Burundi has seen a notable rise. Moreover, it is Legal and regulated by The Bank of the Republic of Burundi (BRB). Multiple International Brokers accept Burundian 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 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 Burundian 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.
You might also like:
- HF Markets Review
- XM Review
- eToro Review
- IC Markets Review
- CMC Markets Review
- FP Markets Review
- Axi Review
Forex Trading is Permitted and Legal in Burundi.
The Bank of the Republic of Burundi (BRB).
24/5 Customer Support is offered.
A Micro and Ultra-Low Account is available.
Regulations include CySEC, FCA, ASIC, and, FSA.
An Inactivity Fee is not charged.
Over 330 Currency Pairs, including Major, Minor, and, Exotic Pairs.
The Minimum Deposit to open an FP Markets account is AU$100.