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6 Best Forex Brokers in Mali

Last Update: June 26th, 2024

Forex Brokers Mali

 

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

 

In this in-depth guide, you will learn:

 

 

and much, MUCH more!

 

6 Best Forex Brokers in Mali

 

6 Best Forex Brokers in Mali – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💶 Min. Deposit (XOF)
🥇 CMC Markets👉 Click Here✅YesNone
🥈 FXCM👉 Click Here✅Yes30209,22
🥉 Interactive Brokers👉 Click Here✅YesNone
🏅 eToro👉 Click Here✅Yes6041,84
🎖️ XTB👉 Click Here✅YesNone
🥇 IC Markets👉 Click Here✅Yes120836,88

 

6 Best Forex Brokers in Mali (2024)

 

  1. ☑️ CMC Markets – Overall, the Best Forex Broker in Mali
  2. ☑️ FXCM – The Best MetaTrader 5 Forex Broker
  3. ☑️ Interactive Brokers – Best Forex Broker for Foreigners
  4. ☑️ eToro – Best Forex Broker for Beginners and Active Traders
  5. ☑️ XTB – Best Overall User Experience
  6. ☑️ IC Markets – Best Mobile Trading Experience

 

CMC Markets Review

 

CMC Markets

CMC Markets is a UK-based leading global provider of online trading and investing. Regulations include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts include CFD, Spread Betting, and, Corporate. Moreover, a Demo Account is available. No minimum deposit is required. In addition, notable Factors, Features, and Benefits to consider include:

 

  • Commissions are charged on all accounts
  • Leverage of up to 1:30
  • Scaling and Hedging are allowed
  • Spreads from 0.3 Pips
  • An Inactivity Fee is charged

 

Furthermore, Trading Instruments available are Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and,  ETFs. CMC Markets support MetaTrader 4 and Next Generation. In addition, a Proprietary Mobile App is available.

 

🔎 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

CMC Markets offers excellent pricing and an impressive selection of tradeable instruments.

 

FXCM Review

 

FXCM

FXCM is a leading global provider of Forex and CFD Trading. Regulations include FCA, ASIC, CySEC, and, the FSCA. Accounts available are CFD Trading and Demo. Moreover, an Islamic Option is available. The minimum deposit is 50 USD. In addition, notable Factors, Features, and Benefits to consider include:

 

  • Spreads from 0.2 Pips
  • Over 40 Currency Pairs, including Major, Minor, and, Exotic
  • Commission Free Trading
  • An Affiliate Program
  • Scalping and Hedging are provided
  • An Inactivity Fee is charged

 

Furthermore, Trading Instruments available are Forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and, Stock Baskets. Moreover, FXCM Supports Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and, ZuluTrade. In addition, a Proprietary Mobile Trading App is available.

 

FXCM

 

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

FXCM is proven to be a reliable and well-regulated platform suited to all levels of traders. In addition, beginners will benefit from competitive pricing and trusted customer support.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers or IBKR is an American multinational brokerage firm. Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Accounts available are IBKR Lite and IBKR Pro. Moreover, no minimum deposit is required. In addition, notable Factors, Features, and Benefits to consider include:

 

  • Multiple Base Currencies including USD, AUD, and, CAD
  • Spreads from 0.6 Pips
  • Multilingual Customer Support
  • Commissions are Charged

 

Furthermore, Trading Instruments available are Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. IBKR supports IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.

 

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 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

Interactive Brokers best suit institutional and high-volume traders. Moreover, active traders will benefit from the wide selection of Proprietary trading platforms available.

 

eToro

 

eToro

eToro is a social investment and multi-asset investment brokerage company. Regulations include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC. A Standard Retail Account and Proprietary Trading Platform is available. The minimum deposit is 10 USD. In Addition, notable Factors, Features, and Benefits to consider include:

 

  • Single USD Base Currency
  • An Inactivity Fee is Charged
  • Social and Copy Trading is Offered
  • Over 50 Currency Pairs
  • Multilingual Customer Support
  • 24/5 Customer Support

 

Furthermore, Trading Instruments available are Forex, stocks, crypto CFDs, indices, commodities, and, ETFs.

 

🔎 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

eToro suits all levels of Traders. Moreover, Social and Copy Trading is provided.

 

XTB Review

 

XTB

XTB is a reliable and respected Forex and CFD Brokerage. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts available are Stndard and Swap-Free. Moreover, a Demo Account is available. Moreover, no minimum deposit is required.

 

  • Bonus offers and promotions on occasion.
  • 24/5 Multilingual Customer Support
  • Multiple Base Currencies
  • Spreads from 0.5 Pips
  • Leverage of up to 1:500

 

Furthermore, trading instruments available are Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. XTB supports xStation 5 and xStation Mobile.

 

🔍 Broker🥇 XTB
💵 Minimum Deposit0 USD
5️⃣ Ease of use Rating 5/5
🎁 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 and access to educational resources.

 

IC Markets Review

 

IC Markets

IC Markets is a well-regulated and trusted Financial Services provider. Regulations include ASIC, CySEC, FSA, and, the SCB. Accounts available are cTrader, Raw Spread, and, Standard. Moreover, a Demo Account is available. In addition, notable Factors, Features, and Benefits to consider include:

 

  • 20 USD Minimum Deposit
  • Social and Copy Trading
  • 24/7 Customer Support
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500

 

Moreover, Trading instruments available are Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. XTB supports MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.

 

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 excellent educational resources.

 

Forex in Mali

 

In Conclusion

Forex Trading in Mali is available without restriction. However, it is not locally regulated. An International Forex Broker must be selected to trade Forex in Mali legally.

 

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 Armenian Traders, we found 6 excellent options. In addition, each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Moreover, finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

Forex in Mali is available without restriction.

No minimum deposit is required.

FXCM offers 24/5 Customer Support.

No Inactivity Fee is charged.

Regulations include CySEC, FCA, and, ASIC.

Mobile Trading is available via the xStation Mobile App.

The IC Markets minimum deposit is 200 USD.

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