7 Best Forex Brokers in Cabo Verde
Last Update: June 26th, 2024
The 7 Best Forex Brokers in Cabo Verde – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Cabo Verde.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Cabo Verde – a List
- The Best Forex Brokers in Cabo Verde Africa for Beginners
- Is Forex Trading Legal in Cabo Verde?
- Who Regulates Forex in Cabo Verde?
- Low CVE Minimum Deposit Forex Brokers
and much, MUCH more!
7 Best Forex Brokers in Cabo Verde – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💶 Min. Deposit (CVE) |
| 🥇 IC Markets | 👉 Click Here | ✅Yes | 20380,00 |
| 🥈 Pepperstone | 👉 Click Here | ✅Yes | 13593,46 |
| 🥉 Tickmill | 👉 Click Here | ✅Yes | 10190,00 |
| 🏅 Moneta Markets | 👉 Click Here | ✅Yes | 5095,00 |
| 🎖️ FP Markets | 👉 Click Here | ✅Yes | 6796,73 |
| 🥇 GO Markets | 👉 Click Here | ✅Yes | 20380,00 |
| 🥈 XM | 👉 Click Here | ✅Yes | 509,50 |
7 Best Forex Brokers in Cabo Verde (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in Cabo Verde
- ☑️ Pepperstone – Excellent Overall Offering
- ☑️ Tickmill – The Best Forex Broker for Professionals
- ☑️ Moneta Markets – Best Forex Broker for Beginners
- ☑️ FP Markets – Leading MetaTrader Forex Broker
- ☑️ GO Markets – Best Online Trading Experience
- ☑️ XM – Award-Winning Mobile Trading App
IC Markets
IC Markets is a renowned Forex and CFD Broker. Regulations include ASIC, CySEC, FSA, and, the SCB. Trading Instruments available for trade are Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. In addition, the accounts available are cTrader, Raw Spread, and, Standard. Notable features include:
Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and ZuluTrade. Moreover, IC Social and ZuluTrade provide access to Copy and Social Trading.
| 🔎 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 Excellent educational resources and Dedicated customer support.
Pepperstone
Pepperstone is a highly regulated financial services provider. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Trading Instruments offered are Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Moreover, Scalping and Hedging are available. Notable features include:
- Standard and Razor Accounts
- No Inactivity Fee
- Spreads from 0.0 Pips
Trading Platforms are TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. The Minimum deposit to trade is AU$ 200.
| 🔎 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 |
| Pepperstone provides responsive and friendly customer service that is available 24/7 | While trading fees are low, the costs of holding positions overnight can be significant |
| Traders are not charged for account inactivity | Transfers: International bank transfers have a $20 fee |
| There is a lot of educational content available to traders of all skill levels | The variety of platforms and advanced technologies can be overwhelming for novices |
| New users should expect a quick and easy account setup process | Pepperstone is not available in some countries, including the United States |
| Most deposit and withdrawal methods are free of charge, which increases the cost-effectiveness of trading with Pepperstone | Some customers may find Pepperstone's MetaTrader platform too simple in terms of appearance and use |
Our Insights
The benefits of trading with Pepperstone include Responsive and Dedicated 24/7 Customer Support.
Tickmill
Tickmill is a trusted and highly regulated Forex Broker. Regulations include FCA, CySEC, and, the FSCA. Trading Instruments available for trade are Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. Notable Features include:
- Leverage of up to 1:500
- Spreads from 0.0 Pips
- Access to over 60 Currency Pairs
Accounts available are VIP, Classic, and Pro. The Minimum deposit is 100 USD. Moreover, Trading Platforms include MetaTrader 4 and MetaTrader 5. In addition, a proprietary Mobile Trading 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 Bonus Offers and Promotions.
Moneta Markets
Moneta Markets is a comprehensive Forex and CFD Broker. Regulations include FSCA, FSA Seychelles, CIMA, and, ASIC. Trading Instruments available for Trade are Forex, commodities, indices, shares, ETFs, bonds, and, cryptocurrencies. Notable features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Access to over 40 Currency Pairs
Accounts offered are Direct STP, Prime ECN, and, Ultra ECN. The Minimum deposit is 50 USD. Trading Platforms available are 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 access to seminars, market analysis, and other educational resources.
FP Markets
FP Markets is an established and trusted Brokerage. Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC. Trading Instruments available for trade include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds. Notable features include:
- Scalping and Hedging
- An Affiliate Program
- No Inactivity Fee
Accounts available are Standard, Raw, Islamic Standard, and, Islamic Raw. The Minimum deposit is AU$ 100. Trading Platforms include MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. In addition, a Proprietary Mobile Trading 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 multiple Swap-Free Options for Muslim Traders.
GO Markets
GO Markets is a reliable and robust forex and CFD broker. Regulations include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC. Trading Instruments available for trade include Forex, shares, indices, metals, commodities, and, cryptocurrencies. Notable features include:
- Scalping and Hedging
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Multilingual customer support
Accounts available are Standard and GO+ Plus. The minimum deposit is 200 USD. Trading Platforms include 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 excellent educational resources and friendly customer support.
XM
XM is a Highly-regulated and popular Forex and CFD Broker. Regulations include FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA. Trading Instruments available to trade are Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks. Notable features include:
- Scalping and Hedging
- Spreads from 0.6 Pips
- Leverage of up to 1:1000
Accounts available are Micro, Standard, Ultra-Low, and, Shares. The minimum deposit is 5 USD. Trading Platforms offered are MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile Trading 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
XM suits all traders. Beginners will benefit from the Ultra Low and Micro Accounts offered.
Is Forex Trading Legal in Cabo Verde?
There are no specific laws prohibiting Forex Trading in Cabo Verde.
In Conclusion
Forex Trading in Cabo Verde is not prohibited in any form. Moreover, it is not regulated in any shape or form. Traders in Cabo Verde will need to select an international Forex Broker to trade legally.
| 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 Cabo Verde, we found 7 excellent options. Moreover, 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:
- IC Markets Review
- Pepperstone Review
- Tickmill Review
- Moneta Markets Review
- FP Markets Review
- GO Markets Review
- XM Review
There are no specific laws prohibiting Forex Trading in Cabo Verde.
Forex in Cabo Verde is not regulated.
The IC Markets Minimum Deposit is 200 USD.
The United States Dollar and the Great British Pound.
Tickmill provides MetaTrader 4 and MetaTrader 5.
No Inactivity Fee is charged.
24/5 Customer Support is available.
Leverage of up to 1:500 is offered.
Regulations include ASIC, CSEC, and, IFSC.
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