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5 Best Forex Brokers in the Ivory Coast

Edited by: Louis Schoeman

Cote d'Ivoire

 

The 5 Best Forex Brokers in the Ivory Coast – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in the Ivory Coast (Cote d’Ivoire).

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in the Ivory Coast – a List
  • Is Forex Trading Legal in the Ivory Coast?
  • The Best Forex Brokers for Beginners and Foreigners
  • The Best Forex Brokers in Africa
  • The Best MT4 and MT5 Forex Brokers

 

and much, MUCH more!

 

5 Best Forex Brokers in Ivory Coast

 

5 Best Forex Brokers in the Ivory Coast – a Comparison

 

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

 

5 Best Forex Brokers in the Ivory Coast (2024)

 

  1. ☑️ Interactive Brokers – Overall, the Best Forex Broker in the Ivory Coast
  2. ☑️ CMC Markets – Low CFA Minimum Deposit
  3. ☑️ IG – Best Overall Trading Experience
  4. ☑️ FXCM –  Best Mobile Trading Experience
  5. ☑️ IC Markets – Best Online Trading Experience

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is a prominent Forex and CFD Brokerage regulated by FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Live Trading accounts available are IBKR Lite and IBKR Pro. Moreover, a Free Trail Account is available.

Trading Platforms supported are IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact. IBKR Global is a platform designed for Beginner and Intermediate Traders. Additionally, it offers access to two Mobile Trading platforms, including IBKR Impact.

Trading instruments and Products include Forex, Stocks, ETFs, Options, Futures, Indices, Mutual funds, Cryptocurrencies, metals, and, Bonds. To fund an IBKR Account, deposit options supported include SEPA, BPAY, eWallets, and, Crypto Wallets.

 

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

The benefits of trading with Interactive Brokers include an impressive proprietary offering.

 

CMC Markets Review

 

CMC Markets

CMC Markets is a trusted Forex and CFD Broker regulated by BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts available include CFD, Spread Betting, and Corporate Options. Moreover, No minimum deposit is required.

Supported Trading Platforms include MetaTrader 4 and Next Generation. Next Generation is a proprietary CMC Markets platform with an intuitive interface and state-of-the-art technology. Additionally, a Proprietary Mobile App is available.

Trading instruments and Products include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. To fund a live trading account, multiple trusted deposit options are available for selection.

Deposit 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 impressive educational resources, including Videos, Instructional Articles, and, a Demo Account.

 

IG Review

 

IG

IG is a Forex, CFD, and, Financial Services provider regulated by FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, BMA. Several live Trading accounts are offered, including a CFD/DMA Trading Account, a Limited Risk Trading Account, and an Options Trading Account.

The Minimum deposit is 50 USD. Supported Trading Platforms include MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, and, FIX API. The IG Trading Platform suits novice and experienced traders whereas ProRealTime is a high-level charting tool.

Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.

 

🔎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 several trusted Deposit options and Quick Withdrawals. Deposit options include PayPal, Debit Cards, and Credit Cards.

 

FXCM Review

 

FXCM

FXCM Review is a trustworthy and well-regarded entity governed by the FCA, ASIC, CySEC, and, the FSCA. The FXCM CFD Account is available to all traders with a Minimum Deposit of 50 USD. Moreover, Demo and Islamic Accounts are available.

Supported Trading Platforms include Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and, ZuluTrade. Moreover, Social Trading is available via ZuluTrade. Additionally, an FXCM Mobile App is available for download.

Trading instruments and Products include forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and, Stock Baskets. To fund a Live Trading account Credit Cards, Debit Cards, CreditPay, Skrill, or, Neteller can be used.

 

🔍 Broker🥇 FXCM
💵 Minimum Deposit50 USD
4️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes
🕰️ Support Hours24/5
🚀 Open an Account👉 Click Here

 

FXCM Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Multitude of educational materialsHigh Currency conversion fees
Multiple Account TypesNarrow asset portfolio
24-hour multilingual customerLimited Trading Platforms

 

Our Insights

The benefits of trading with FXCM include access to impressive educational resources, including Trading Guides, Trading Tools, and, eBooks.

 

IC Markets Review

 

IC Markets

IC Markets is a popular and highly trusted Forex and CFD Service provider regulated by ASIC, CySEC, FSA, and, the SCB. Live accounts available are cTrader, Raw Spread, Standard, and Islamic, Swap-Free Options. The minimum deposit is 200 USD. Moreover, a Demo Account is available.

Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. Copy and Social Trading is available via IC Social and ZuluTrade. Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.

Funding Options available include Credit Cards, Debit Cards, 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 benefits of trading with IC Markets include access to impressive educational resources and trusted Customer Support.

 

Is Forex Trading legal in the Ivory Coast?

 

Is Forex Trading legal in Cote d’Ivoire?

Forex Trading is Legal in the Ivory Coast with no restrictions. Moreover, the Ivory Coast (Cote d’Ivoire) is a member of the West African Economic and Monetary Union (WAEMU).

 

Is Forex Trading legal in the Ivory Coast?

 

In Conclusion

Forex Trading in the Ivory Coast has seen a spike in popularity. Moreover, the Ivory Coast forms part of the West African Economic and Monetary Union (WAEMU). 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 ReviewFSC, FSA, VFSCUSD 10Visit 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 Local Traders, 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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Faq

Forex Trading is Legal in the Ivory Coast (Cote d’Ivoire) with no restrictions.

Ivory Coast is a member of the West African Economic and Monetary Union (WAEMU).

The West African CFA franc.

A Proprietary IBKR Mobile App is available.

No Minimum Deposit is required.

Scalping and Hedging are offered.

FXCM offers 24/5 Customer Support.

Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.

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