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5 Best Forex Brokers in Guinea-Bissau

Guinea-Bissau

 

The 5 Best Forex Brokers in Guinea-Bissau – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Guinea-Bissau.

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Guinea-Bissau – a List
  • Is Forex Trading Legal in Guinea-Bissau?
  • Low XOF Minimum Deposit Broker for Beginners
  • Leading Forex Brokers in Africa

 

and much, MUCH more!

 

Best Forex Brokers in Guinea-Bissau

 

5 Best Forex Brokers in Guinea-Bissau – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Traders in Cuba💷 Min. Deposit (XOF)
🥇 Tickmill👉 Click Here✅Yes60941,31
🥈 TMGM👉 Click Here✅Yes60941,31
🥇 XTB👉 Click Here✅YesNone
🏅 XM👉 Click Here✅Yes3047,07
🎖️ etoro👉 Click Here✅Yes6094,13

 

5 Best Forex Brokers in Guinea-Bissau (2024)

 

  1. ☑️ Tickmill – Overall, the Best Forex Broker in Guinea-Bissau
  2. ☑️ TMGM – Best Overall User Experience
  3. ☑️ XTB – Best Online Trading Experience
  4. ☑️ XM – Low XOF Minimum Deposit
  5. ☑️ eToro – Best Broker for Social and Copy Trading

 

Tickmill Review

 

Tickmill

Tickmill is a trustworthy and highly regulated online Forex and CFD broker. Regulations by acclaimed and trusted agencies include Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Accounts available include VIP, Classic, Pro, and, Islamic, Swap-Free. Moreover, a Demo Account is available.  In addition, notable Factors and Features include:

 

  • a 30 USD Welcome Account
  • Multiple Bonus Offers, Promotions, and, Competitions
  • Multiple Base Currencies, including USD, EUR, GBP, and, PLN
  • 24/7 Customer Support
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500

 

Multiple Trusted Deposit options accepted include Bank Transfer, Crypto Payments, Skrill, and, Neteller. Trading instruments and Products include forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs.

In addition, Tickmill supports MetaTrader 4 and MetaTrader 5. Furthermore, a Proprietary 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

 

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 Tickkmill include numerous account options, reasonable spreads, and several commission structures.

 

TMGM Review

 

TMGM

TMGM is a highly regulated and trusted Forex, CFD, and, Financial Service provider. Regulations by acclaimed and trusted agencies include ASIC, FMA, and, the VFSC. Accounts available are Classic, Edge, IRESS Standard, IRESS Premium, and, IRESS Gold. Moreover, a Demo Account is available. In addition, notable Factors and Features include:

 

  • Spreads from 0.0 Pips
  • Several Base Currencies, including USD, EUR, and, GBP
  • 24/7 Customer Support
  • Leverage of up to 1:1000
  • Access to over 55 Currency Pairs
  • Multilingual Customer Support
  • A Commission Fee is charged

 

Trading instruments and Products include 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
Quick order execution + little slippageRestricted Proprietary Platforms
MT4 and MT5Limited Demo Account

 

Our Insights

The benefits of trading with TMGM include access to more than 12,000 products, including Forex, CFDs on stocks, indices, commodities, and cryptocurrency.

 

XTB Review

 

XTB

XTB is a reliable and respected global Forex and CFD Service Provider. Regulations by acclaimed and trusted agencies include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts available include Standard and Islamic, Swap-Free. Moreover, a Demo Account is available. In addition, notable Factors and Features include:

 

  • Cashback Rebates
  • USD, EUR, and, GBP Base Currencies
  • Spreads from 0.5 Pips
  • Access to over 57 Currencies, including Major, Minor, and, Exotic Pairs
  • An Inactivity Fee is charged
  • No Minimum Deposit is required
  • Scalping and Hedging are Offered

 

Trading instruments and Products include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. XTB supports xStation 5 and xStation Mobile.

 

🔍 Broker🥇 XTB
💵 Minimum Deposit0 USD
5️⃣ Ease of use Rating5/5
🎁 Bonuses✅ Yes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

XTB

 

Pros and Cons

 

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

 

Our Insights

The Benefits of trading with XTB include Multilingual Customer Support. Languages supported include English, German, Italian, Polish, Romanian, Spanish, French, Portuguese, and, Vietnamese.

 

XM Review

 

XM

XM is a highly regulated Forex Broker specializing in Forex and CFD. Regulations by acclaimed and trusted agencies include the FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA. Accounts available include Micro, Ultra-Low, Standard, Islamic, Swap-Free, and, Shares. Moreover, a Demo Account is available. In addition, notable Factors and Features include:

 

  • Multiple Base Currencies, including JPY, HUF, and, SGD
  • Access to over 50 Currency Pairs, including Major, Minor, and, Exotic
  • An Inactivity Fee is Charged
  • Multilingual Customer Support
  • Low 5 USD Minimum Deposit
  • Spreads from 0.6 Pips
  • A Commission Fee is Charged

 

Trading instruments and Products include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks. XM supports MT4 and MT5. In addition, a Proprietary XM Mobile App is available.

 

🔎 Broker🥇 XM
💴 Minimum Deposit$5 USD
🎁 Bonus Offers✅Yes
📈 Account TypesMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
⏰ Support Hours24/7
🆓 Demo Account✅Yes
🚀 Open an Account
👉 Click Here

 

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 cutting-edge technology and user-friendly interfaces.

 

eToro Review

 

eToro

eToro is a well-established and Popular Forex and CFD Services provider. Regulations by acclaimed and trusted agencies include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC. A Standard Account a Proprietary Trading Platform is offered. Moreover, a Demo Account is available. In addition, notable Factors and Features include:

 

  • 24/5 Customer Support
  • United States Dollar Base Currency
  • Social and Copy Trading
  • Leverage of up to 1:400
  • Spreads from 1 Pip
  • An Inactivity Fee is Charged

 

Trading instruments and Products include Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, and, ETFs. In addition, an eToro Mobile App is available.

 

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip, zero commission fees
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insights

The benefits of trading with eToro include a proprietary web-based trading platform and an award-winning mobile app.

 

Forex in Guinea Bissau

 

Is Forex Trading Legal in Guinea Bissau?

Forex Trading is Legal in Guinea Bissau and governed by the West African Economic and Monetary Union (UEMOA).

 

Is Forex Trading Legal in Guinea Bissau?

 

In Conclusion

Forex Trading in Guinea Bissau is less popular than in other African Countries. However, it is available without restriction and governed by the West African Economic and Monetary Union (UEMOA). 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 ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit 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 Guinea Bissau, we found 5 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 is Legal in Guinea Bissau and governed by the West African Economic and Monetary Union (UEMOA).

The West African Economic and Monetary Union (UEMOA).

The West African CFA Franc.

The Tickmill Minimum Deposit is 100 USD.

ASIC, FMA, and, the VFSC regulate TMGM.

No Minimum Deposit is required.

XM offers 24/7 Dedicated Customer Support.

Scalping is not allowed.