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6 Best Forex Brokers in Equatorial Guinea

Last Update: June 26th, 2024

Equatorial Guinea

 

The 6 Best Forex Brokers in Equatorial Guinea – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Equatorial Guinea.

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Equatorial Guinea – a List
  • Is Forex Trading Legal in Equatorial Guinea?
  • The Best Forex Brokers in Africa for Beginners
  • The Best MetaTrader Forex Brokers
  • Forex Brokers with CFA Deposit Options

 

and much, MUCH more!

 

6 Best Forex Brokers in Equatorial Guinea

 

6 Best Forex Brokers in Equatorial Guinea – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💷 Min. Deposit
🥇 Saxo👉 Click Here✅YesNone
🥈 IC Markets👉 Click Here✅Yes200 USD
🥉 AvaTrade👉 Click Here✅Yes100 USD
🏅 Tickmill👉 Click Here✅Yes100 USD
🎖️ CMC Markets👉 Click Here✅YesNone
🥇 IG👉 Click Here✅Yes50 USD

 

6 Best Forex Brokers in Equatorial Guinea (2024)

 

  1. ☑️ Saxo – Overall, the Best Forex Broker in Equatorial Guinea
  2. ☑️ IC Markets – Best Overall Trader Experience
  3. ☑️ AvaTrade – High User Trust Score
  4. ☑️ Tickmill – Best Mobile Trading Experience
  5. ☑️ CMC Markets – Best Online Trading Experience
  6. ☑️ IG – Low CFA Minimum Deposit

 

Saxo Bank

 

Saxo

Saxo is amongst the highest regulated service providers governed by 14 Tier-1 Regulatory authorities. Live Trading Accounts available include Classic, Platinum, and VIP Options. The Classic Account suits Beginner and Casual Traders, whereas the Platinum and VIP options are available to Experience, Professional, and, Institutional Traders.

Moreover, no minimum deposit is required. Supported Trading Platforms include SaxoTraderPRO and SaxoTraderGO. SaxoTraderGO suits all levels of experience, whereas, SaxoTraderPRO is a professional-grade Trading platform.

Trading instruments and Products include forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, and, mutual funds.

 

🔎 Broker🥇 Saxo
📈 Ease of Use4/5
📉 Support Hours24/5
📊 Trading PlatformsSaxoTraderGO, SaxoTraderPRO
💹 Account TypesClassic, Platinum, VIP
💴 Base Currencies18 currencies
🅰️ SpreadsFrom 0.4 pips
🅱️ Leverage1:30
💸 Currency Pairs185+
💳 Minimum Deposit0 USD
🚫 Inactivity FeeNone
⚙️ Website LanguagesEnglish, Danish, French, etc.
💰 Fees and CommissionsSpreads from 0.4 pips; commissions from $0 on Mutual Funds
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States
📈 Scalping✅Yes
📉 Hedging✅Yes
📊 Trading InstrumentsForex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

 

✅ Pros❌ Cons
Instructional resources High Fees when Compared
Multiple Trading PlatformsFutures and options - complicated cost structures

 

Our Insights

The benefits of trading with Saxo include an impressive overall offering, including proprietary trading accounts and platforms.

 

IC Markets Review

 

IC Markets

IC Markets is a highly trusted Forex and CFD Services provider licensed and regulated by ASIC, CySEC, FSA, and, the SCB. Live Trading accounts include cTrader, Raw Spread, and, Standard Options. Moreover, Islamic and Demo Accounts are available. The minimum deposit is 200 USD.

Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. IC Social is a proprietary global Social Trading Platform. In addition, an IC Markets Mobile application is offered.

Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. Furthermore, Funding Options include PayPal, Neteller, Skrill, and, UnionPay.

 

🔎 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 highlights of trading with IC Markets include fee-free deposits and withdrawals.

 

AvaTrade Review New

 

AvaTrade

AvaTrade is a licensed and established broker regulated by ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. Accounts available include Retail, Islamic, and, Professional Options. Moreover, a Demo Account is available.

Supported Trading Platforms include:

 

  • MetaTrader 4 and 5
  • AvaTradeGO
  • AvaSocial
  • AvaTrade Web
  • ZuluTrade
  • DupliTrade
  • AvaOptions

 

AvaTradeGO is a Proprietary Mobile Trading App whereas AvaSocial is a proprietary Social Trading Platform. Trading instruments Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs.

Furthermore, the range of Funding Methods accepted includes Bank Wire Transfers, PayPal, WebMoney, Neteller, and, Skrill.

 

🔎 Broker🥇 AvaTrade
💴 Minimum Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage is capped at 1:30 for retail accounts

 

Our Insights

The benefits of trading with AvaTrade include excellent educational resources.

 

Tickmill Review

 

Tickmill

Tickmill is a prominent forex and CFD broker regulated by the Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Accounts available include Professional, Classic, and, VIP Options. The VIP Account is best suited to Day Traders and Scalpers. whereas the Classic Account suits all levels of skill.

Trading Platforms supported are MT4 and MT5. In addition, a proprietary mobile app is available.  Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs.

Account funding options include Bank Transfers, Crypto Payments, Skrill, Neteller, and FasaPay.

 

🔎 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 Pros and Cons

 

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 access to multiple Bonus Offers, Promotions, and, Trader Contests. Additionally, a 30 USD Welcome Bonus is available.

 

CMC Markets Review

 

CMC Markets

CMC Markets is a trustworthy and well-regarded entity licensed and regulated by BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Account types include CFD, Spread Betting, and Corporate. Moreover, a Demo Account is available. However, an Islamic, Swap-Free Option is not offered.

Trading instruments and Products include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. Trading Platforms supported are MetaTrader 4 and Next Generation. Additionally, a CMC Markets App is available.

Finally, Funding options accepted include Credit Cards, Debit Cards, Bank Transfers, and, Online Banking.

 

🔎 Broker🥇 CMC Markets
💴 Minimum Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Next Generation platformHigh Fees

 

Our Insights

The benefits of trading with CMC Markets include access to impressive educational resources. Resources available include Educational Videos and a Variety of Instructional Articles.

 

IG Review

 

IG

IG is a highly regulated Forex, CFD, and, Finacial Service provider governed by 10 Tier-1 Regulators. Several Trading live trading accounts are available with a minimum deposit of 50 USD. Moreover, a Demo Account and an Islamic, Swap-Free Option are available.

Trading instruments and Products include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, Interest Rates. IG supports MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, and, FIX API.

Furthermore, funding options available are Bank Wire Transfers. Internation Transfers, ACH, and, PayPal.

 

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

The benefits of trading with IG include access to the IG Academy and trusted customer support.

 

Forex in Equatorial Guinea

 

Is Forex Trading Legal in Equatorial Guinea?

Forex Trading in Equatorial Guinea is Legal and available without Restriction. Moreover, it falls under the regulatory authority of the Bank of Central African States.

 

Is Forex Trading Legal in Equatorial Guinea?

 

In Conclusion

Forex Trading in Equatorial Guinea has become popular in recent years. In addition, it is legal and governed by The Bank of Central African States. Moreover, several International Forex Brokers accept local traders.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit 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 Traders in Equatorial Guinea, we found 6 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 Equatorial Guinea is Legal and available without Restriction.

The Bank of Central African States.

The Central African CFA Franc.

Over 80 Currency Pairs, including Major, Minor, and Exotic Pairs.

Saxo is licensed and regulated by 14 Tier-1 Regulatory Agencies

The IC Markets minimum deposit is 200 USD.

AvaTrade offers 24/5 Customer Support.

A 30 USD Welcome Account is available.

No minimum deposit is required.

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