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25 Best Forex Brokers in Benin

25 Best Forex Brokers in Benin

Forex Brokers Benin

 

Finding the list of the Best Forex Brokers in Benin and worldwide can be a difficult process, especially finding a list of trustworthy brokers who accept Beninese traders and who allow these traders to invest in their currency, the Beninese franc (CFA).

The foreign exchange or FX market is a global marketplace used for exchanging national currencies against one another for a variety of reasons, which may include commerce, trading, or tourism.

 

Here are our 10 Best Handpicked Forex Brokers in Benin

 

Forex trading offers Beninese the opportunity to invest in the world’s largest liquid market easily through the use of a large selection of global online brokers who offer their services to traders in Benin.

Here is an overview of the 25 Best Forex Brokers and Trading Platforms who offer their services to traders in Benin

FXTM broker review

 

Forex Time (FXTM)

 

FXTM or ForexTime was founded in 2011 and  is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295.  FXTM offers users seven different account types where the execution method, range of markets, available platform, and commissions and fees may vary.  Three accounts are offered under the Standard category.  Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.

 

FXTM offers traders the opportunity to trade in the following markets:

 

  • Forex
  • Cryptocurrencies (Bitcoin, Ethereum, Litecoin etc) Please take Note: FXTM offers crypto trading via Exinity Limited and Instruments on offer are based on a traders country of residence.
  • CFDs for Indices and Commodities (FTSE, DAX, Nasdaq etc)
  • Spot metals (Gold, Silver)
  • Shares CFDs (Apple, BP, Google etc)

 

FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.

Customer Service is available phone, email, online chat options – WhatsApp, live chat, Viber, Telegram or Messenger.

 

You might like: Learn more about online forex courses.

 

Alpari broker review

 

Alpari

 

Alpari with its long-standing brand history, numerous offices, range of account types and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms.  Alpari is regulated by the FSC.

Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker.  The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.

Alpari offers traders more than 250 tradable assets to trade across Forex, Stocks, Indices, Metals, Cryptocurrencies and Futures on the MetaTrader suite of trading platforms.

In addition to a demo account, 4 more accounts are on offer. These 4 accounts are divided into standard accounts and enhanced accounts, which are known as ECN types.  The standard account options are available as a basic option and are known as the MT4 MicroAccount and the standard MT4 account. The accounts more suited to experienced traders are the standard ECN account and the ECN Pro Account, which offer instant execution.

Customer Service is available via live chat, email and phone service.

 

IQ Option broker review

 

IQ Option

 

IQ Option is a broker developed under the IQ Option Europe company which was founded in 2013. IQ Option contains a CySEC license Cyprus Securities and Exchange Commission from Cyprus, with permission to provide its financial services within the European Economic Area zone, with several licenses from other EU local jurisdictions. IQ Option offers its clients services in binary options, stocks and shares, currencies, and ETF trading.

IQ Option provides clients with a proprietary platform which is also used for CFDs and for binary options tradingTraders can also install the mobile trading app which is provided free of charge. The mobile trading app has been designed specifically for use on smartphones and mobile devices and allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades.

IQ Option has 3 types of trading accounts, a standard trading account, a VIP account and a demo account.  To open a standard account, only a minimum deposit of US Dollar 10 is required, for the VIP trading account – a minimum deposit of US Dollar 1900 (or currency equivalent) – but hit trading volume of US Dollar 15000.

The IQ Options trading platform and website are available to traders in thirteen different languages and allows traders to choose the currency to trade with. The selections of currencies are: GBP, RUB, EUR, IDR, USD, MUR, and Yuan.

Customer service is available via email, live chat or the telephone.

 

Olymp Trade broker review

 

Olymp Trade

 

Olymp Trade is a well-known online trading platform, which offers trader multiple different assets, including binary options. Olymp Trade is regulated by the IFC.  Safety measures and precautions are put first by this platform and it is considered a financial organization that keeps the interests of their clients in mind at all times.

Apart from the demo account, a standard and VIP account is available respectively.  To open a standard account, users only need to make a minimum deposit of £10 and to qualify for a VIP account, users need to deposit at least £2,000.

Traders are also offered access to educational resources and training materialsCustomer Support is available via Phone, email and their website.

 

XM broker review

 

XM Group

 

XM Group (XM) is a group of regulated online brokers. Trading Point of Financial Instruments was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySec 120/10).

There are four account types on offer – Micro, Ultra-Low, Standard and Zero which all allow for up to 200 open/pending positions per client.  XM offers traders more than 1000 financial instruments to trade on both the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDsForex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs.  Traders must take note that XM does not offer binary options or futures.

Customer Service is available via live chat, Phone and email support.

 

FxPro broker review

 

FXPro

 

FXPro is an online broker that was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies tradingFXPro is a global broker with a head office located in the UK. FxPro is regulated by CySEC and operates under the CIF license number 078/07. As a CySEC regulated brokerFxPro is also a member of the Investor Compensation Fund scheme.

FXPro provides traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of US Dollar 100.

 

What can be traded with FXPro?

 

  • Over 250 instruments
  • Over 70 currency pairs

 

FXPro is one of the few brokers in the market that offers both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.

 

FXPro Trading benefits include:

 

 

With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument chosen.

FxPro offers customer support 24 hours a day, 5 days a week via Live Chat, Telephone and Email in a variety of different languages including English, Spanish, French, Polish, Malay, Arabic, Chinese, Greek, Hungarian, Japanese, Korean, Russian, Thai, Vietnamese, Indonesian and others.

 

Admiral Markets broker review

 

Admiral Markets

 

Admiral Markets is an online broker that was founded in 2001 and offers Forex and CFDs trading, is globally recognized and has a head office based in the UK.  Traders will need a minimum deposit of US Dollar 200 to start and can sign up for a demo account to in over 148 instruments and over 40 currency pairs.

Admiral Markets is authorized and regulated by the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Estonian Financial Supervision Authority (EFSA).

 

Admiral Markets Trading benefits include:

 

 

Admiral Markets Trading Accounts Offered:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • STP account

 

Admiral Markets offers both of the MetaTrader platforms; MT4 and MT5 and mobile apps for Android and iOSAdmiral Markets offers multilingual customer support via Telephone, Live Chat and Email.

 

AvaTrade broker review

 

AvaTrade

 

AvaTrade is an online broker that was founded in 2006 and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC and FCA.

Those who are looking to start out with AvaTrade will need a minimum deposit of US Dollar 250 and a demo account is available for those who want to get acquaint with the popular MT4 forex trading platform.  AvaTrade also offers mobile apps for Android and iOS.

 

AvaTrade is perfect for various levels of traders including beginners and all traders can trade a wide variety of instruments and currency pairs.

 

  • Over 250 instruments
  • Over 80 currency pairs

 

AvaTrade Trading benefits include:

 

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

AvaTrade Trading Accounts on offer include: Demo, Micro, Mini, Standard and Islamic and AvaTrade allows traders to execute a minimum trade of 0.01 Lot.

Customer support is available by email, phone, or live chat.

 

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RoboForex broker review

 

Roboforex

 

Roboforex is an online, global broker that was founded in 2009 and offers traders Forex and CFDs trading.  RoboForex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.

When starting off with Roboforex traders will need to make a minimum deposit of US Dollar 1 and there is an option available for a demo account for those who would like to get acquainted with the platform.  Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs.  Roboforex offers over 100 instruments and over 35 currency pairs in total.

Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.   Roboforex also offer mobile apps for Android and iOS.

 

Roboforex Trading benefits:

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

 

Roboforex Trading Accounts include – Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic.

Customer support is available via phone, Webchat, Wechat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.

 

Read 27 Best Forex Brokers in Cape Verde

 

FBS broker review

 

FBS

 

FBS is a Forex and CFD broker offering to trade on Forex, Indices, Stocks, Metals and Energies on the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms for PC, Mac, Web, Android and iOS with a maximum 1:3000 leverage.  FBS is regulated by CySEC and IFSC.

 

FBS offers traders a choice of four accounts and all accounts offer market execution and the chance to trade in micro lots in Cent accounts for more precise risk management.

 

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Cent US Dollar 1 0.01 lot 1:1000 from 1 pip
Standard US Dollar 100 0.01 lot 1:3000 from 0.5 pips
Zero Spread US Dollar 500 0.01 lot 1:3000 0 pips + US Dollar 20/lot
Micro US Dollar 5 0.01 lot 1:3000 fixed, from 3 pips
ECN US Dollar 1000 0.1 lot 1:500 from -1 pip + US Dollar 6/lot

 

FBS offers customer support 24 hours a day, 7 days a week via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.

 

BDSwiss broker review

 

BDSwiss

 

BDSwiss is a Forex and CFD broker which offers over 250 instruments to trade on covering Forex, Commodities, Cryptocurrencies, Indices and Equities, from 3 account types on the MetaTrader 4 and MetaTrader 5 platform. BDSwiss is well regulated by CySEC and offers traders 3 types of accounts – BasicRaw, and Black VIP. These accounts come with a minimum deposit of US Dollar 100 accept the Raw account which has a monthly subscription fee of between US Dollar 1 and US Dollar 79.

BDSwiss offers both full demo and Islamic accounts are available and traders can fund their account through wire transfer deposits as well as through credit card and deposits which are fee free in most cases.

BDSwiss offers multilingual customer support 24/5 via Live Chat, Telephone, Email, Call Back, WhatsApp, Telegram and an FAQ section.

 

XTB broker review

 

XTB

 

XTB is a trusted multi-asset broker regulated in several major financial centres and provides a well-rounded, competitive offering including excellent customer service and the xStation 5 trading platform.  XTB was founded in 2002 and is regulated by CNMV in Spain, CySEC, FCA, IFSC, KNF.

XTB offers traders a Standard (for UK and Ireland residents only) and a commission-based Pro account and each account will come with its own execution method and spread model, in terms of commissions and fees.  The xStation 5 is the primary platform offering alongside the full MetaTrader 4 suite. Since xStation 5 does not support automated trading, MT4 must be used. A Mobile trading option is also on offer.

Traders can reach customer service in multiple languages, including some minor ones like Hungarian or Romanian, via Live Chat, Telephone and Email.

 

IC Markets broker review

 

IC Markets

 

IC Markets was founded in 2007 and International Capital Markets Pty Ltd (IC Markets) was established in Sydney and acquired an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC) in 2009 and is considered average-risk.

 

Feature IC Markets
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 63
CFDs – Total Offered 41
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

 

IC Markets offers three account types in which trading costs vary from commission-free on the Standard account to commission-based pricing on the True ECN and cTrader accounts and IC Markets provides a mobile version of all the platforms it offers, including MetaTrader 4 and MetaTrader 5 and cTrader, all of which come standard for iOS and Android.

IC Markets supports a wide range of languages including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German and more.

Customer Support is available via Phone, Live Chat and Email.

 

FP Markets broker review

 

FP Markets

 

FP Markets is a global, online broker regulated by the Australian ASIC and the Cypriot CySEC which was founded in 2005 and offer Forex trading and has a head office situated in Australia. When starting off with FP Markets traders will need to make a minimum deposit of US Dollar 100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer.

Over 100 instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform.  FP Markets also offers traders mobile apps for Android and iOS.

 

FP Markets Trading benefits include:

 

 

FP Markets Trading Accounts Offered include: Demo, Mini, Standard, ECN, STP, Managed and Islamic and all accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.

Customer Service is available via email, phone and live chat.

 

Pepperstone broker review

 

Pepperstone

 

Pepperstone is an online forex and CFD broker which providers traders with low-cost pricing across all forex, CFDs and commodities.  Pepperstone is regulated by both ASIC and FCA.

 

Pepperstone offers a range of online trading platforms which include:

 

  • MetaTrader 4 (MT4)
  • cTrader
  • WebTrader
  • Mobile apps for iPhone, Android and tablets

 

Recently, Pepperstone has made the announcement that they will in future also be offering the MetaTrader 5 (MT5) platform. To open a live account, traders will need to make a minimum deposit of at least US Dollar 200, alternatively, Pepperstone offers a demo account. Pepperstone also offers traders over 170 different instruments to trade, including over 61 currency pairs.

Pepperstone offers customer support 24 hours a day, 5 days a week in multiple languages via email, phone and live chat.

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FXCM broker review

 

FXCM

 

Forex Capital Markets Limited  or FXCM  is a Spread Betting, CFD and Forex trading broker, which offers traders the ability to trade on Forex, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinaTrader and ZuluTrade. FXCM is regulated

 

 

FXCM offers a growing range of trading platforms and tools including:

 

  • Trading Station desktop:FXCM’s flagship trading platform, caters well to forex traders of all skill levels.
  • Trading Station web:The web version of Trading Station features includes news, videos, research, market data signals, and links to external resources.
  • Ninja Trader: Features numerous trading tools, including automated trading capabilities.
  • Algorithmic Trading:The FXCM App store provides various add-ons, technical indicators, and automated trading robots.

 

FXCM provides a wide variety of market research and related resources. A combination of Trading Station and MetaTrader4 (MT4), FXCM delivers a reliable, feature-rich mobile offering for forex traders.  FXCM provides free phone support for the residents of 42 countries plus support via SMS, e-mail and via live chat.  Support agents speak over 20 languages.

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Vantage FX broker review

 

Vantage FX

 

Vantage FX is a Forex ECN and CFD broker which offers traders 120+ tradable assets across Currencies, Indices, Commodities and U.S and Hong Kong Share CFDs on the MetaTrader platform for Mac, PC, iOS and Android and other social trading platforms.  Vantage FX is regulated by ASIC (Australian Securities and Investment Commission).

Vantage FX offers traders access to both the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Android and iOS. Traders will also have access to the MT4/MT5 Web Trader platform, as well as social trading platforms MyFXbook and Zulutrade.  iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Google Playstore, respectively.

Vantage FX offers three main types of live trading accounts called Standard STP, Raw ECN and Pro ECN. The broker also offers swap-free Islamic accounts.  Regardless of the platform a trader chooses to use, the trading cost at Vantage FX depends on the account opened.

Customer service is available 24 hours a day, 5 days a week via phone, email, live chat and remote TeamViewer in English, Mandarin, Thai and Vietnamese.

Read 27  Best Forex Brokers in Tanzania 

 

AxiTrader broker review

 

Axitrader

 

Axitrader is an online broker which was founded in 2007 and offers Forex, CFDs and Social Trading, is a global broker and has a head office situated in Australia with no minimum deposit needed to get started plus a demo account is on offer.  AxiTrader is authorised and regulated by the Australian Securities & Investments Commission (ASIC).

Axitrader is able to accommodate various levels of traders and offers the MT4 forex trading platform plus mobile apps for Android and iOS, respectively.

 

Axitrader Trading benefits include:

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

 

Axitrader Trading Accounts on Offer include Demo, Micro, Mini, Standard, ECN, STP and Islamic and support is offered in a wide range of languages.  Customer support is available via Phone, Live Chat and Email.

 

eToro broker review

 

eToro

 

eToro is an online broker that was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK.  eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of US Dollar 200 and the platform can accommodate various levels of traders from beginner to expert.  Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

eToro trading accounts on offer include:  Demo, Micro, Mini, Standard, STP and Islamic.  eToro supports a wide range of languages including English, German, Spanish, French, and Italian.  24/6 customer support is available via telephone and support tickets.

 

OctaFX broker review

 

OctaFX

 

OctaFX is an online broker that was founded in 2011, offering Forex trading.  As OctaFX is regulated by the Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account.

OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

 

OctaFX Trading benefits:

 

 

OctaFX Trading Accounts Offered:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • STP account
  • Islamic account

 

OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading.  Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.

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Trading 212 broker review

 

Trading 212

 

Trading 212 are an online broker which was founded in 2006 and offers Stocks trading, Forex trading, Commodities trading, and Indices trading.  Trading 212 are a global broker and has a head office situated in UK.

 

  • Regulated by: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
  • Used by over 14,000,000 traders.
  • Trading 212 are the UK’s number one trading and investment app with over 14,000,000 downloads, thus a large userbase but is not available in the following countries: US

 

Trading 212 Trading benefits:

 

 

Trading 212 Trading Accounts Offered:

 

  • Invest account
  • ISA account
  • CFD account
  • Demo account

 

Trading 212 offers an outstanding, highly responsive customer service team available 24 hours a day across a variety of platforms and in 16 different languages.

 

easyMarkets broker review

 

EasyMarkets

 

EasyMarkets is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner and established forex traders:

 

  • Enhanced risk management tools as standard
  • Fixed spreads on all forex pairings
  • An easy to use forex trading platform

 

Risk Management Tools on offer include:

 

 

EasyMarkets offer traders a choice of 4 Account types, Standard, Premium, VIP and SuperVIP. Their minimum opening deposits are US Dollar 100, US Dollar 1 000, US Dollar 2 500, US Dollar 50 000 respectively. A demo account is also on offer.  The trading platforms on offer are the MT4 and the easyMarkets web platform.

EasyMarkets offers award-winning customer service during market hours via live chat, email, fax or telephone.  EasyMarkets customer service is available in four languages – including English, Polish, Chinese, and Arabic.

 

FXCM broker review

 

FXCM

 

FXCM caters to multiple trader types including High-volume traders, algorithmic traders, and traders who appreciate robust trading tools and quality market research.  FXCM is considered low-risk. FXCM’s parent company is publicly-traded, does not operate a bank, and is regulated by the UK’s FCA and the Australian ASIC.

 

FXCM offers a growing range of trading platforms and tools including:

 

  • Trading Station desktop:FXCM’s flagship trading platform, caters well to forex traders of all skill levels.
  • Trading Station web:The web version of Trading Station features includes news, videos, research, market data signals, and links to external resources.
  • Ninja Trader: Features numerous trading tools, including automated trading capabilities.
  • Algorithmic Trading:The FXCM App store provides various add-ons, technical indicators, and automated trading robots.

 

FXCM provides a wide variety of market research and related resources. A combination of Trading Station and MetaTrader4 (MT4), FXCM delivers a reliable, feature-rich mobile offering for forex traders.  FXCM provides free phone support for the residents of 42 countries plus support via SMS, e-mail and via live chat.  Support agents speak over 20 languages.

 

Swiss Markets broker review

 

Swiss Markets

 

Swiss Markets is a forex broker that operates out of the two offshore jurisdictions Mauritius and Seychelles, but not Switzerland as the name would suggest. Even though Swiss Markets is based offshore it is still regulated by the relevant government agencies in the two countries, the Seychelles Financial Services Authority (SFSA) and the Financial Services Commission (FSC) of Mauritius.

For traders who want to trade in wide selection of assets, Swiss Markets offers trading in over 50 currency pairs and stocks of about 130 American and European companies to choose from. In addition to this, stock indices, various commodities, and popular cryptocurrencies are also on offer.

 

Trading Instruments available include:

 

50+ Currency Pairs Based on major and minor world currencies.
6 Crypto Pairs Based on Bitcoin, Ethereum, Litecoin.
12 Indices CFDs Based on baskets of different blue-chip stocks.
4 Metal Spot CFDs Based on Gold, Silver and Platinum.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
130+ Stock CFDs Based on shares of US, UK and EU companies.

 

Swiss Markets offers traders the MetaTrader 4 (MT4) platform plus a multitude of different account types to choose from, depending on how much capital is deposited and how often trades are made.

 

Accounts to choose from include:

 

  • Classic STP Account
  • Raw STP – Swiss11
  • Raw STP – Swiss8
  • Raw STP – Swiss5

 

All trading accounts can be opened in either EUR, USD, GBP, CHF, or PLN as the base currency and can be funded with payment cards like Visa or MasterCard, bank wire transfer, or e-wallet platforms like Skrill, Neteller, Sofort, and iDeal, and more. Customer service is offered via local phone lines with local language support in English, Spanish, German, and Greek plus live chat.

 

FXPRIMUS broker review

 

FXPrimus

 

FXPrimus is an online broker founded in 2009 offering Forex trading, and Social Trading,

and is global broker with a head office in Cyprus.

 

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
  • Used by over 10,000 traders

 

FXPrimus has won numerous industry awards over the 11 years a wide variety of instruments and trading currency pairs.  FXPrimus offers over 125 different instruments to trade, including over 43 currency pairs.

 

Trading Features: Accounts offered: Funding methods:
Allows scalping Demo account Credit cards
Allows hedging Micro account Bank Transfer
Offers STP Mini account Payoneer
Low min deposit Standard account Neteller
ECN account
Managed account
Islamic account

 

Customer Support is available via email, webform, phone and live chat.

 

 

 

Read 27  Best Forex Brokers in Namibia 

 

In conclusion

 

There are thousands of Forex brokers around the world, and South African residents can register and trade with each of them. Traders are advised to stick to brokers regulated by the FSCA – Financial Services Conduct Authority of Benin formerly known as the FSB.

Many Forex brokers may appear similar but there are understated differences that make each broker uniquely suitable for a different type of trader.

 

FAQ’s

 

Is forex trading legal in Benin?

Yes, it is

Which is Benin’s most used forex broker?

XTB

Is forex trading a gamble in Benin?

Forex trading anywhere is always a gamble.

How many forex traders are there in Benin?

The estimate is around 150 000 monthly forex traders.

Can you make money with forex trading in Benin?

75% of all traders lose money*

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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