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6 Best Forex Brokers in Sierra Leone

Edited by: Louis Schoeman

Forex Brokers 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

 

6 Best Forex Brokers in Sierra Leone – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💷 Min. Deposit
🥇 XTB👉 Click Here✅YesNone
🥈 Tickmill👉 Click Here✅Yes1858,81
🥉 Admirals👉 Click Here✅Yes464,70
🏅 Pepperstone👉 Click Here✅Yes2458,19
🎖️ FXCM👉 Click Here✅Yes929,41
🥇 XM👉 Click Here✅Yes92,94

 

6 Best Forex Brokers in Sierra Leone (2024)

 

  1. ☑️ XTB – Overall, the Best Forex Broker in Sierra Leone
  2. ☑️ Tickmill – Best Overall Trading Experience
  3. ☑️ Admirals – Low LE Minimum Deposit
  4. ☑️ Pepperstone – Best Online Trading Experience
  5. ☑️ FXCM – The Best Forex Broker for Beginners
  6. ☑️ XM – Best Mobile Trading Experience

 

XTB Review

 

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 Founded2002
👤 Amount of StaffApproximately 2,000
👥 Amount of Active TradersOver 500,000
📍 Publicly TradedWarsaw Stock Exchange
📈 RegulationFCA,
KNF,
IFSC,
CySEC
🌎 Country of RegulationUK (FCA),
Poland (KNF)
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💰 Minor Account CurrenciesMajor,
Minor
💴 Minimum DepositVaries by account type
⚡ Average Deposit/Withdrawal Processing Time1-3 business days
💶 Fund Withdrawal FeeNone
📐 Spreads FromFrom 0.1 pips
💶 CommissionsVariable
💵 Number of Base Currencies Supported30+
💷 Swap Fees✅Yes
🔖 LeverageUp to 1:500
🏷️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖇️ Order Execution Time SecondsMilliseconds -
🖥️ VPS HostingSelect accounts
📈 CFDs TotalOver 2,000
📉 CFD Stock IndicesMajor global indices
🍎 CFD CommoditiesOil, gold, etc.
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets, etc.
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets, etc.
🖱️ Trading PlatformsxStation 5
⭐ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex Trading ToolsCharting tools,
technical analysis
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
🚩 Languages SupportedMultiple languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
tutorials, etc.
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous global partners
🫰🏻 IB Program✅Yes
🔖 Notable Events or Teams✅Yes
🏷️ Rebate Program✅Yes
🚀 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 access to commission-free trading on genuine stocks and ETFs. Moreover, XTB delivers in-depth market research and up-to-date news updates.

 

Tickmill Review

 

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 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 Overview

 

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 Tickmill include several educational resources, including Digital eBooks and Seminars.

 

Admirals Review

 

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 Deposit25 USD
🎉Established Year2001
⏰Support Hours24/5
💻Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals App
📈Account TypesTrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5
🚀 Open an Account
👉 Click Here

 

Admirals

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalNo 24/7 customer service

 

Our Insights

The benefits of trading with Admirals include zero-pip spreads on select accounts and instruments.

 

Pepperstone Review

 

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 DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include 24/7 responsive and friendly customer support.

 

FXCM Review

 

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 Deposit50 USD
4️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes
🕰️ Support Hours24/5
🚀 Open an Account👉 Click Here

 

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

The benefits of trading with Pepperstone include access to Trading Tools and Educational Resources.

 

XM Review

 

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 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.

 

Forex in Sierra Leone

 

Is Forex Trading Legal in Sierra Leone?

Forex Trading is Legal in Sierra Leone and governed by the local bank (BSL).

 

Is Forex Trading Legal in Sierra Leone?

 

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.

 

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 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.

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