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7 Best Forex Brokers in Congo

Last Update: June 26th, 2024

Forex Brokers Congo

 

The 7 Best Forex Brokers in Congo – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Congo.

 

In this in-depth guide you will learn:

 

  • The Best Forex Brokers in Congo (DRC) – a List
  • The Best Forex Brokers in Brazzaville – Revealed
  • Top Forex Brokers for Beginners in Kinshasa
  • The Best Forex Brokers in Congo with a Low CDF Minimum Deposit
  • Leading MetaTrader Forex Brokers in Africa

 

and much, MUCH more!

 

7 Best Forex Brokers in Congo

 

7 Best Forex Brokers in Congo – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Congolese Traders💴 Min. Deposit (CDF)
🥇 IC Markets👉 Click Here✅Yes562000,00
🥈 Moneta Markets👉 Click Here✅Yes140500,00
🥉 XTB👉 Click Here✅YesNone
🏅 Tickmill👉 Click Here✅Yes281000,00
🎖️ XM👉 Click Here✅Yes14050,00
🥇 TMGM👉 Click Here✅Yes281000,00
🥈 HYCM👉 Click Here✅Yes56200,00

 

7 Best Forex Brokers in Congo (2024)

 

  1. ☑️ IC Markets – Overall, the Best Forex Broker in Congo
  2. ☑️ Moneta Markets – Best Overall Offering
  3. ☑️ XTB – Best Forex Broker in Kinshasa
  4. ☑️ Tickmill – Best Forex Broker in Brazzaville
  5. ☑️ XM – Leading MetaTrader Forex Broker
  6. ☑️ TMGM – Best Online Trading Experience
  7. ☑️ HYCM – Low CDF Minimum Deposit

 

IC Markets Review

 

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. Notable Features include:

 

  • 8 Base Currencies
  • Leverage of up to 1:500
  • Over 60 Currency Pairs
  • No Inactivity Fee is Charged
  • Scalping and Hedging

 

Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. Trading Platforms supported are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.

 

🔎 Broker🥇 IC Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

 

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insights

The benefits of Trading with IC Markets include multiple copy trading platforms and trusted customer support.

 

Moneta Markets Review

 

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:

 

  • 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 Year2019
📉 Regulation and LicensesFSCA, FSA Seychelles, CIMA, ASIC
📊 Ease of Use Rating4/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsPRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App
📌 Account TypesDirect STP, Prime ECN, Ultra ECN
💴 Base CurrenciesAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL
📍 SpreadsFrom 0.0 pips
💹 Leverage1:1000
💵 Currency Pairs44; major, minor, and exotic pairs
💶 Minimum Deposit50 USD
💷 Inactivity FeeNone
🔊 Website LanguagesEnglish, French, German, Spanish, Vietnamese, Thai, Russian, Arabic, Portuguese, Chinese, etc.
🪙 Fees and CommissionsSpreads from 0.0 pips, commissions from $6 round turn
🤝 Affiliate Program✅Yes
❎ Banned CountriesUnited States, Canada, Hong Kong
📈 Scalping✅Yes
📉 Hedging✅Yes
📐 Trading InstrumentsForex, commodities, indices, shares, ETFs, bonds, cryptocurrencies
🚀 Open an Account👉 Click Here

 

Moneta Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
1,000+ tradable assets, including forexSome account types may have volume constraints
Multilingual supportLimited Education
Tight SpreadsNo Negative Balance Protection
No deposit or withdrawal feesInconsistencies reported in customer support quality.
Strong RegulationLimited Product Range
MetaTrader 4 and 5Limited Account Types

 

Our Insights

The Benefits of Trading with Moneta Markets include access to multiple educational resources, including seminars and market analysis.

 

XTB Review

 

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:

 

  • 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.

 

XTB

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

The benefits of trading with XTB include access to in-depth market research, news updates, and technical indicators.

 

Tickmill Review

 

Tickmill

Tickmill is a highly regulated and trusted Forex and CFD Broker. Regulations include the Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Account 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 FeeNone
📈 SpreadsFrom 0.0 pips on the Pro and VIP Accounts
📉 Leverage1:500
💶 Currency Pairs62, major, minor, and exotic pairs
📊 Scalping✅Yes
💹 Hedging✅Yes
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

Tickmill Overview

 

Pros and Cons

 

✅ Pros❌ Cons
MetaTrader 4 and MetaTrader 5Limited range of instruments
Pro account with minimal commissionsLimited Trading Platforms

 

Our Insights

The benefits of trading with Tickmill include numerous account options, reasonable spreads, and impressive commission structures.

 

XM Review

 

XM

XM is a tier-1 Regulated Financial Services Provider. Regulations include the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC). Accounts available are Micro, Standard, Ultra Low, and, Shares. Moreover, a Demo Account is available. The minimum deposit is 5 USD.

 

  • 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.

 

XM Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Low Minimum depositNo social trading features available
Unlimited Demo AccountInactivity Fees

 

Our Insights

The Benefits of Trading with XM include access to over 1,000 financial instruments across many asset classes.

 

TMGM Review

 

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:

 

  • 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 Deposit100 USD
4️⃣ Ease of use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

TMGM Review

 

Pros and Cons

 

✅ Pros❌ Cons
The broker highlights quick order execution, little slippage, and deals that are filled at the correct pricingTMGM'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 capabilitiesFor 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 cryptocurrencyDemo 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 trustDepending 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 clientsDespite 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 24/7 Dedicated Customer Support.

 

HYCM Review

 

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.

 

  • 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 LicensesFCA, CySEC, CIMA, DFSA
📉 Ease of Use4/5
📊 Support Hours24/5
💹 Trading PlatformsMetaTrader 4, MetaTrader 5, HYCM trader
📌 Account TypesFixed, Classic, Raw
💰 Base CurrenciesUSD, EUR, GBP, AED, JPY
🅰️ SpreadsFrom 0.1 pips
🅱️ LeverageUp to 1:500
🚀Open an AccountOpen Account

 

HYCM

 

Pros and Cons

 

✅ Pros❌ Cons
Regulated by respectable agenciesCharges inactivity fees
Good range of instructional resourcesResearch services can appear basic
Narrow spreads on main Forex pairingsNeither 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.

 

Forex in Congo

 

Is Forex Trading Legal in Congo?

Forex Trading in the Democratic Republic of the Congo is Legal and Regulated by the Central Bank of Congo (BCC).

 

Is Forex Trading Legal in Congo?

 

The Central Bank of Congo (BCC)

Banque Centrale du Congo or the Central Bank of Congo (BCC) is the central bank of the Democratic Republic of the Congo. The BCC is located in the city of Kinshasa.

 

The Central Bank of Congo (BCC)

 

The Congolese Franc (CDF)

The Congolese franc is the currency of the Democratic Republic of the Congo.

 

The Congolese Franc (CDF)

 

In Conclusion

Forex Trading in Congo has seen a notable rise in popularity amongst young Congolese Professionals. Moreover, it is available without restriction. In addition, several International Forex Brokers accept local traders.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit 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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FAQs

Forex Trading in the Democratic Republic of the Congo is Legal and Regulated by the Central Bank of Congo (BCC).

The Central Bank of Congo (BCC).

The Congolese Franc.

IC Markets does not charge an Inactivity Fee.

Moneta Markets offers 24/5 Customer Support.

xStation 5 and xStation Mobile.

 

A Proprietary Tickmill Mobile App is available.

Beginners will benefit from an XM Micro Account.

The TMGM Minimum Deposit is 100 USD.

Regulations include FCA, CySEC, CIMA, and, the DFSA.

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