5 Best Forex Brokers in Guinea-Bissau
Last Update: June 26th, 2024
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!
5 Best Forex Brokers in Guinea-Bissau – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Traders in Cuba | 💷 Min. Deposit (XOF) |
| 🥇 Tickmill | 👉 Click Here | ✅Yes | 60941,31 |
| 🥈 TMGM | 👉 Click Here | ✅Yes | 60941,31 |
| 🥇 XTB | 👉 Click Here | ✅Yes | None |
| 🏅 XM | 👉 Click Here | ✅Yes | 3047,07 |
| 🎖️ etoro | 👉 Click Here | ✅Yes | 6094,13 |
5 Best Forex Brokers in Guinea-Bissau (2024)
- ☑️ Tickmill – Overall, the Best Forex Broker in Guinea-Bissau
- ☑️ TMGM – Best Overall User Experience
- ☑️ XTB – Best Online Trading Experience
- ☑️ XM – Low XOF Minimum Deposit
- ☑️ eToro – Best Broker for Social and Copy Trading
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 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 Tickkmill include numerous account options, reasonable spreads, and several commission structures.
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 Deposit | 100 USD |
| 4️⃣ Ease of use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Quick order execution + little slippage | Restricted Proprietary Platforms |
| MT4 and MT5 | Limited 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
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 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 |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High 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
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 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
The benefits of trading with XM include access to cutting-edge technology and user-friendly interfaces.
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 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
The benefits of trading with eToro include a proprietary web-based trading platform and an award-winning mobile app.
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).
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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | 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 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.
You might also like:
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.
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