6 Best Forex Brokers in Sierra Leone
The 6 Best Forex Brokers in Sierra Leone – Rated and Reviewed. We have listed the Best Forex Brokers in Sierra Leone.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Sierra Leone – a List
- Is Forex Trading Legal in Sierra Leone?
- The Best Forex Broker for Beginners and Foreigners
- The Best MetaTrader Forex Brokers
and much, MUCH more!
6 Best Forex Brokers in Sierra Leone – a Comparison
🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit |
🥇 XTB | 👉 Click Here | ✅Yes | None |
🥈 Tickmill | 👉 Click Here | ✅Yes | 1858,81 |
🥉 Admirals | 👉 Click Here | ✅Yes | 464,70 |
🏅 Pepperstone | 👉 Click Here | ✅Yes | 2458,19 |
🎖️ FXCM | 👉 Click Here | ✅Yes | 929,41 |
🥇 XM | 👉 Click Here | ✅Yes | 92,94 |
6 Best Forex Brokers in Sierra Leone (2024)
- ☑️ XTB – Overall, the Best Forex Broker in Sierra Leone
- ☑️ Tickmill – Best Overall Trading Experience
- ☑️ Admirals – Low LE Minimum Deposit
- ☑️ Pepperstone – Best Online Trading Experience
- ☑️ FXCM – The Best Forex Broker for Beginners
- ☑️ XM – Best Mobile Trading Experience
XTB
XTB is a highly regulated and trusted Forex and CFD Broker. Regulations by acclaimed and trusted agencies include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts available include Stnadrad and Swap-Free. In addition, a Demo Account is available. In addition, notable Factors and Features include:
- Occasional Bonus Offers, Promotions, and, Competitions
- No Minimum Deposit is required
- Spreads from 0.5 Pips
- Leverage of up to 1:500
- Access to over 50 Currency Pairs
- An Inactivity fee is Charged after 12 Months
Trading instruments and Products include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. XTB supports xStation 5 and xStation Mobile.
🔍 Broker | 🥇 XTB |
📌 Year Founded | 2002 |
👤 Amount of Staff | Approximately 2,000 |
👥 Amount of Active Traders | Over 500,000 |
📍 Publicly Traded | Warsaw Stock Exchange |
📈 Regulation | FCA, KNF, IFSC, CySEC |
🌎 Country of Regulation | UK (FCA), Poland (KNF) |
📉 Account Segregation | ✅Yes |
📊 Negative Balance Protection | ✅Yes |
💹 Investor Protection Schemes | ✅Yes |
🅰️ Institutional Accounts | ✅Yes |
🅱️ Managed Accounts | None |
💰 Minor Account Currencies | Major, Minor |
💴 Minimum Deposit | Varies by account type |
⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
💶 Fund Withdrawal Fee | None |
📐 Spreads From | From 0.1 pips |
💶 Commissions | Variable |
💵 Number of Base Currencies Supported | 30+ |
💷 Swap Fees | ✅Yes |
🔖 Leverage | Up to 1:500 |
🏷️ Margin Requirements | Varies |
☪️ Islamic Account | ✅Yes |
🆓 Demo Account | ✅Yes |
🖇️ Order Execution Time Seconds | Milliseconds - |
🖥️ VPS Hosting | Select accounts |
📈 CFDs Total | Over 2,000 |
📉 CFD Stock Indices | Major global indices |
🍎 CFD Commodities | Oil, gold, etc. |
📊 CFD Shares | ✅Yes |
💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
🖱️ Trading Platforms | xStation 5 |
⭐ OS Compatibility | Windows, macOS, iOS, Android |
⚙️ Forex Trading Tools | Charting tools, technical analysis |
🥰 Live Chat Availability | ✅Yes |
☎️ Customer Support Contact Number | Varies by region |
💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
🚩 Languages Supported | Multiple languages |
✏️ Forex Course | ✅Yes |
📔 Webinars | ✅Yes |
📚 Educational Resources | Articles, tutorials, etc. |
🤝 Affiliate Program | ✅Yes |
🫶 Amount of Partners | Numerous global partners |
🫰🏻 IB Program | ✅Yes |
🔖 Notable Events or Teams | ✅Yes |
🏷️ Rebate Program | ✅Yes |
🚀 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 access to commission-free trading on genuine stocks and ETFs. Moreover, XTB delivers in-depth market research and up-to-date news updates.
Tickmill
Tickmill is a highly regulated and popular Forex and CFD Services provider. Regulations by acclaimed and trusted agencies include the Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Accounts available include Pro, VIP, and Classic. Moreover, Islamic and Demo Account options are available. In addition, notable Factors and Features include:
- Multiple Bonus Offers and Promotions
- A 30 USD Welcome Account
- 24/5 Customer Support
- Leverage of up to 1:500
- Access to over 60 Currencies, including Major, Minor, and, Exotic
Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. Moreover, Scalping and Hedging are provided. Tickmill supports MetaTrader 4 and MetaTrader 5. In addition, 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 Tickmill include several educational resources, including Digital eBooks and Seminars.
Admirals
Admiral Markets or Admirals, is a powerful and well-established Forex and CFD Service provider. License and Regulations include the FCA, ASIC, CySEC, JSC, FSCA, FSA, and, CMA. Live Trading Accounts include Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, and, Bets.MT5.
Moreover, Islamic, Swap-Free, and Demo Account options are available. In addition, notable Factors and Features include:
- 10 Base Currencies, including RON, PLN, HUF, and, CHF
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Access to over 80 Currency Pairs, including Major, Minor, and, Exotic
- Low 25 USD Minimum Deposit
- Multilingual Customer Support
Trading instruments and Products include ESG, Forex, Crypto CFDS, Indices, Stocks, ETFs, and, Bonds. Moreover, Scalping and Hedging are offered. Admirals support MT4 and MT5. In addition, an Admirals App is available.
🔎Broker | 🥇Admirals |
💴Minimum Deposit | 25 USD |
🎉Established Year | 2001 |
⏰Support Hours | 24/5 |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, Admirals App |
📈Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Islamic Account | Inactivity fee |
Free Deposit and Withdrawal | No 24/7 customer service |
Our Insights
The benefits of trading with Admirals include zero-pip spreads on select accounts and instruments.
Pepperstone
Pepperstone is a safe broker licensed by numerous top-tier financial regulators. License and Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Live Trading accounts include Standard and Razor Accounts. Moreover, Islamic, Swap-Free, and Demo Accounts are available. In addition, notable Factors and Features include:
- 200 AU$ Minimum Deposit
- USD and GBP Base Currencies
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 70 Currency Pairs
- No inactivity Fee is Charged
- A Commission Fee is Charged
Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Pepperstone supports TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.
🔎 Broker | 🥇 Pepperstone |
💴 Minimum Deposit | AU$200 |
📈 Account Types | Standard Account, Razor Account |
💵 Base Currencies | USD, GBP |
📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
💶 Currency Pairs | 70, minor, major, and exotic pairs |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Fully digital account opening | Mostly CFDs offered |
Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include 24/7 responsive and friendly customer support.
FXCM
FXCM is a trusted Forex and CFD Broker authorized by respectable financial regulators worldwide. License and Regulations include the FCA, ASIC, CySEC, and, the FSCA. A CFD Trading and Demo Account is available. In addition, notable Factors and Features include:
- Access to a Frefreal, Cashback Bonus
- Multiple Base Currencies depended on the Region
- Spreads from 0.2 Pips
- Leverage of up to 1:30 in the United Kingdom
- Leverage of up to 1:400 in other Regions
- 50 USD Minimum Deposit
- An Inactivity Fee is Charged
- Trading is Commission-Free
Trading instruments and Products include Forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and, Stock Baskets. FXCM supports Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and, ZuluTrade. In addition, a Proprietary Mobile App is available.
🔍 Broker | 🥇 FXCM |
💵 Minimum Deposit | 50 USD |
4️⃣ Ease of Use Rating | 4/5 |
🎁 Bonuses | ✅ Yes |
🕰️ Support Hours | 24/5 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Multitude of educational materials | High Currency conversion fees |
Multiple Account Types | Narrow asset portfolio |
24-hour multilingual customer | Limited Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include access to Trading Tools and Educational Resources.
XM
XM is a global Forex, CFD, and, Financial Service Provider. License and Regulations include the FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA. Live Trading Accounts include Micro, Standard, Ultra Low, and, Islamic, Swap-Free Accounts. Moreover, a Demo Account is available. In addition, notable Factors and Features include:
- Access to over 1000 Financial Instruments
- 24/7 Customer Support in over 30 Languages
- Occasional Bonus Offers and Promotions
- Multiple Base Currencies, including USD, EUR, and, AUD
- Leverage of up to 1:1000
- Low 5 USD Minimum Deposit
- Access to over 50 Currency Pairs
Trading instruments and Products include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks. XM supports MetaTrader 4 and MetaTrader 5. In addition, a proprietary 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.
Is Forex Trading Legal in Sierra Leone?
Forex Trading is Legal in Sierra Leone and governed by the local bank (BSL).
In Conclusion
Forex Trading in Sierra Leone is legal. Moreover, it is governed by the Bank of Sierra Leone (BSL). In addition, 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 | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker | |
🥉 | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker | |
4 | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker | |
5 | Read Review | FSC, FSA, VFSC | USD 10 | 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 Sierra Leonean Traders, 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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Faq
Forex Trading is Legal and Regulated in Sierra Leone.
The Bank of Sierra Leone (BSL).
XTB protects customer funds via segregated accounts.
Tickmill offers commission-free accounts.
Admirals support MetaTrader 4, MetaTrader 5, and, a Proprietary Mobile App.
Withdrawals from Pepperstone are typically handled within 24 hours.
Forex, stocks, indices, commodities, and cryptocurrencies
They offer numerous educational tools, including webinars, articles, and video lessons.