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6 Best Forex Brokers in Togo

Last Update: June 26th, 2024

Forex Brokers Togo

 

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

 

In this in-depth guide, you will learn:

 

 

and much, MUCH more!

 

6 Best Forex Brokers in Togo

 

6 Best Forex Brokers in Togo – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💷 Min. Deposit (XOF)
🥇 Moneta Markets👉 Click Here✅Yes30332,29
🥈 Tickmill👉 Click Here✅Yes60664,58
🥉 Pepperstone👉 Click Here✅Yes80720,29
🏅 GO Markets👉 Click Here✅Yes121329,16
🎖️ FP Markets👉 Click Here✅Yes40360,15
🥇 eToro👉 Click Here✅Yes6066,46

 

6 Best Forex Brokers in Togo (2024)

 

  1. ☑️ Moneta Markets – Overall, the Best Forex Broker in Togo
  2. ☑️ Tickmill – Best Mobile Trading Experience
  3. ☑️ Pepperstone – Popular Broker for Established Traders
  4. ☑️ GO Markets – Excellent Overall Offering
  5. ☑️ FP Markets – Best Online Trading Experience
  6. ☑️ eToro – Low XOF Minimum Deposit Forex Broker

 

Moneta Markets Review

 

Moneta Markets

Moneta Markets is a renowned Forex and CFD service provider. Regulations by acclaimed and trusted agencies include AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, and, the BRL. Accounts available include Direct STP, Prime ECN, and, Ultra ECN. In addition, an Islamic, Swap-Free, and Demo Account is available. Notable Factors and Features include:

 

  • Spreads from 0.0 Pips
  • Leverage of up to 1:1000
  • Access to over 40 Currency Pairs
  • No Inactivity fee is Charged
  • 50 USD Minimum Deposit

 

Trading instruments and Products include Forex, commodities, indices, shares, ETFs, bonds, and, cryptocurrencies. Moneta Markets supports PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader.

 

🔎 Broker🥇 Moneta Markets
📈 Established Year2019
📉 Regulation and LicensesFSCA, FSA Seychelles, CIMA, ASIC
📊 Ease of Use Rating4/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsPRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App
📌 Account TypesDirect STP, Prime ECN, Ultra ECN
💴 Base CurrenciesAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL
📍 SpreadsFrom 0.0 pips
💹 Leverage1:1000
💵 Currency Pairs44; major, minor, and exotic pairs
💶 Minimum Deposit50 USD
💷 Inactivity FeeNone
🚀 Open an Account👉 Click Here

 

Moneta Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
1,000+ tradable assets, including forexSome account types may have volume constraints
Multilingual supportLimited Education

 

Our Insights

The benefits of trading with Moneta Markets include competitive spreads and commissions.

 

Tickmill Review

 

Tickmill

Tickmill is a prominent forex and CFD broker that adheres to a strict regulatory standard. Regulations by acclaimed and trusted agencies include the Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Accounts available include VIP, Classic, and, Pro. Moreover, Islamic, Swap-Free, and, Demo Account options are offered. Notable factors and features include:

 

  • Base Currencies include USD, EUR, GBP, and, PLN.
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • Access to over 60 Currency Pairs
  • Bonus Offers, Promotions, and, Trader Contests
  • No Inactivity Fee is Charged

 

Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. 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 access to numerous account options and reasonable spreads.

 

Pepperstone

 

Pepperstone

Pepperstone is a highly regulated and trusted Forex, CFD, and, Financial Service Provider. Regulations by acclaimed and trusted agencies include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Live Accounts include Standard, Razor, and Islamic. Moreover, a Demo Account is available. Notable Factors and Features include:

 

  • 24/7 Customer Support
  • Occasional Bonus Offers and Promotions
  • USD and GBP Base Currency
  • Access to Over 70 Currency Pairs
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • 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 educational content available to traders of all skill levels.

 

Go Markets Broker Review

 

GO Markets

GO Markets is a reliable and robust forex and CFD broker. License and Regulations include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC. Accounts include Standard and GO+ Plus Accounts. Moreover, a Demo Account is available. In addition, notable Factors and Features include:

 

  • 24/5 Customer Support
  • Multiple Base Currencies, including AUD, USD, and, EUR
  • No Inactivity Fee is Charged
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500

 

Trading instruments and Products include Forex, shares, indices, metals, commodities, and,  Cryptocurrencies. GO Markets support MetaTrader 4, MetaTrader 5, and, cTrader.

 

🔎 Broker🥇 GO Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
🪙 Currency Pairs50+; minor, major, exotic pairs
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

GO Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
Competitive SpreadsNot FCA Regulated

 

Our Insights

The benefits of trading with GO Markets include access to Inner Circle Webinars and trusted customer support.

 

FP Markets

 

FP Markets

FP Markets is a globally regulated and highly trusted Forex and CFD Services provider. Regulations by acclaimed and trusted agencies include ASIC, CySEC, FSCA, FSA, and, the FSC. Accounts available include Standard, Raw, Islamic Standard, and, Islamic Raw. Moreover, a Demo Account is available. Notable Factors and Features include:

 

  • 24/7 Customer Support
  • Multiple Base Currencies, including AUD, CAD, and, USD
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • No Inactivity Fee is Charged
  • Scalping and Hedging are Provided

 

Trading instruments and Products include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds. FP Markets support MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. Moreover, a Proprietary mobile app is available.

 

🔎 Broker🥇 FP Markets
💴 Minimum DepositAU$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
💶 Currency PairsMajor, Minor, Exotic
📌 RegulationsASIC, CySEC, FSCA, FSA, FSC
5️⃣ Ease of Use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

FP Markets

 

Pros and Cons

 

✅ Pros❌ Cons
FP Markets is regulated in several regionsThere are limited instruments offered
MetaTrader, cTrader, and IRESS are availableresearch tools are not extensive
Tight Spreads Withdrawal fees apply
There are low forex feesNo sign-up or no-deposit bonus

 

Our Insights

The Benefits of trading with FP Markets include comprehensive technical analysis materials, such as video courses and eBooks.

 

eToro

 

eToro

eToro is a powerful and well-established Forex and CFD Broker. Regulations by acclaimed and trusted agencies include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, the SIPC. A Standard Retail Account is available. In addition, notable Factors and Features include:

 

  • Spreads from 1 Pip
  • Leverage of up to 1:400
  • Access to over 50 Currency Pairs
  • An Inactivity Fee is Charged

 

Trading instruments and Products include Forex, Stocks, Crypto CFDs, Indices, Commodities, and, ETFs. A Proprietary Mobile App is available.

 

🔎 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

The benefits of trading with eToro includes access to Social and Copy Trading.

 

Forex Trading in Togo

 

Is Forex Trading Legal in Togo?

Forex Trading in Togo is legal and well-regulated by the West African Economic and Monetary Union (WAEMU) and the Organization for the Harmonization of Business Law in Africa (OHADA).

 

Is Forex Trading Legal in Togo?

 

In Conclusion

The Popularity of Forex Trading in Togo has seen a spike. Moreover, it is Legal and licensed by the West African Economic and Monetary Union (WAEMU) and the Organization for the Harmonization of Business Law in Africa (OHADA).

 

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 Traders in Togo, 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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FAQs

Forex Trading in Togo is legal and well-regulated.

The West African Economic and Monetary Union (WAEMU) and the Organization for the Harmonization of Business Law in Africa (OHADA).

The West African CFA Franc.

24/5 Customer Support is available.

The Tickmill Minimum Deposit is 100 USD.

Over 70 Currency Pairs, including Major, Minor, and, Exotic Pairs.

No Inactivity Fee is Charged.

 

Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC.

eToro does not support scalping.

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