10 Best Cryptocurrency Brokers in Rwanda
The 10 Best Cryptocurrency Brokers in Rwanda revealed. We tested and verified the best cryptocurrency brokers for Rwandan Traders.
This is a complete list of cryptocurrency brokers in Rwanda.
In this in-depth guide you’ll learn:
- What is cryptocurrency?
- Which cryptocurrency brokers are best for beginner traders?
- Which broker can trade Bitcoin on?
- With which broker can you deposit money with a debit card?
- Which cryptocurrency broker offers an app that are IOS and Android compatible?
- How to compare forex trading brokers against each other?
- How and can I trade Forex with $5 USD?
- Which brokers offer a signup bonus on a $5 deposit
And lots more…
So if you’re ready to go “all in” with the best cryptocurrency brokers for Rwandans…
Let’s dive right in…
10 Best Forex Brokers in South Africa for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
. 
- Louis Schoeman
Best Cryptocurrency Brokers in Rwanda – Comparison
| 🥇 Broker | ✔️ Cryptocurrency Broker? | 💸 Minimum Deposit | ✔️ Rwandan Franc-based Account? | 💰 RWF Deposits Allowed? | 👉 Open An Account |
| 1. eToro | Yes | 138,19 Franc | No | No | 👉 Open Account |
| 2. IG Group | Yes | 69,10 Franc | Yes | Yes | 👉 Open Account |
| 3. Capital.com | Yes | 68,26 Franc | Yes | No | 👉 Open Account |
| 4. HF Markets | Yes | 3,33 Franc | Yes | Yes | 👉 Open Account |
| 5. BD Swiss | Yes | 68,26 Franc | No | Yes | 👉 Open Account |
| 6. Tickmill | Yes | 69,10 Franc | No | No | 👉 Open Account |
| 7. Exness | Yes | 68,26 Franc | Yes | No | 👉 Open Account |
| 8. easyMarkets | Yes | 101,06 Franc | No | Yes | 👉 Open Account |
| 9. FP Markets | Yes | 51,28 Franc | No | Yes | 👉 Open Account |
| 10. AvaTrade | Yes | 69,10 Franc | No | Yes | 👉 Open Account |
10 Best Cryptocurrency Brokers in Rwanda (Updated 2024)
- eToro – Overall, Best Cryptocurrency Broker in Rwanda
- IG – Best Liquidity Broker in Rwanda
- Capital.com – Best MT4 and MT5 Broker
- HF Markets – Top $5 ECN and CFD Broker for Rwandan
- Tickmill – Best MT4 Rwandan-Based Broker
- Exness – Best Low Minimum Deposit Forex Broker
- easyMarkets – Top ECN Forex Broker in Rwanda
- FP Markets – Best Cryptocurrency Broker for Beginner Traders
- AvaTrade – Verified Regulated Broker with Local Offices in Rwanda
What is a CFD Cryptocurrency Broker in Rwanda?
Contracts for Difference (CFDs) are an extremely popular tradable instrument that can be used in several markets, including cryptocurrencies.
A CFD Crypto broker offers this to Rwandan traders who want to speculate on the price movements of crypto pairs without owning the underlying asset, or crypto coin.
1. eToro
Overall Rating
- 4.8/5
Min Deposit
USD 50
Regulators
CySec, FCA
Trading Desk
None
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Overview
Forex products and other CFD derivatives have been offered to retail consumers by eToro since 2007. The social trading tools offered by eToro, which enable inexperienced Rwandan users to copy the strategies of the platform’s most successful traders, are one of its best aspects.
The social trading platform offered by eToro represents a major change in how many people previously traded and made investments. Rwandans may simply copy the trades and investments of other traders and investors by using a social trading account.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA |
| 📲 Social Media Platforms | • Twitter • YouTube |
| ⚖️ CBN Regulation? | No |
| 💻 Trading Accounts | Retail Account, Professional Account |
| 📱 Trading Platform | eToro proprietary trading app and web platform |
| 💵 Minimum Deposit | 138,19 Franc |
| 💳 Trading Assets | Forex Pairs, Commodities, Exchange-traded funds (ETFs), Indices, Crypto Assets, Stocks |
| ✔️ Rwandan Franc-based Account? | No |
| 💸 RWF Deposits Allowed? | No |
| 💰 Bonuses for Rwandan traders? | Yes |
| 📊 Minimum spread | 1 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated broker with Financial Conduct Authority regulation amongst other popular market regulators | MetaTrader is not provided or supported |
| Large online community | Limits are applied to the maximum leverage for retail clients |
| Powerful trading software provided | There is a limited selection of types of accounts |
| Offers a wide range of complex instruments that can be traded | Fixed competitive spreads are not offered |
| Trusted broker that provides negative balance protection, client fund security, and investor protection | The spreads charged are not the tightest |
| There is an inactivity fee applied |
2. IG
Overall Rating
- 4.8/5
Min Deposit
USD0
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
At IG, you can access unparalleled educational and market analysis materials. Those who sign up get daily updates and analyses through email, and someone is always available to answer queries.
The vast collection of educational materials available from IG could be helpful to traders who are new to the market. Included are the IG Academy, Managing Your Risk, Trading Strategies, Webinars, Seminars, and a Glossary.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, CFTC, FINRA, NFA, BMA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | IG Trading Account, IG Professional Account, IG Options Trading Account, IG Turbo24 Account, Limited Risk Account, Share Dealing Account, Exchange Account (NADEX) |
| 📊 Trading Platform | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💰 Minimum Deposit | 173,16 Rwandan Franc equivalent to $250 |
| 💰 Trading Assets | Forex, Shares, Indices, Commodities, Cryptocurrencies, Interest Rates, Bonds, ETFs, Futures, Options |
| 🔎 Rwandan Franc-based Account? | No |
| 💳 RWF Deposits Allowed? | Yes |
| 💰 Bonuses for Rwandan traders? | No |
| 📈 Minimum spread | 0.1 pips (DMA) on EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated and large forex broker with regulations in several regions through reputable market regulators including the Financial Conduct Authority | High minimum deposit requirement when registering an account |
| Competitive trading conditions are offered | There is an inactivity fee charged |
| IG Group caters for all types of traders despite their trading experience | |
| Longstanding reputation in the trading industry | |
| Client funds are kept in segregated accounts and investor protection is offered | |
| There are several retail investor accounts to choose from and several powerful trading platforms |
3. Capital.com
Overall Rating
- 4.5/5
Min Deposit
USD 20
Regulators
CYSEC, ASIC, FCA and NBRB licence Seychelles coming soon
Trading Desk
Market maker
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Capital.com is a prominent CFD and forex broker that offers a massive range of crypto pairs and coins to Rwandan traders. Trading cryptocurrencies is commission-free, and traders can benefit from the leverage of up to 1:2, which is typical among crypto brokers that put their customers’ security first.
In addition to foreign currency, indices, commodities, and equities, Capital.com also offers trading in more than 6,000 CFDs. For Rwandan traders of all levels of expertise, Capital.com offers a multitude of resources, including market research and how-to articles.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, ASIC, CySEC, NBRB, FSA |
| 📱 Social Media Platforms | • Instagram • YouTube |
| 💻 Trading Accounts | • One Live Account with the option for Retail or Professional • Demo Account |
| 📊 Trading Platform | • Capital.com • MetaTrader 4 • TradingView |
| 💰 Minimum Deposit | 22965,66 RWF or an equivalent to $20 |
| ✅ Trading Assets | • Indices • Forex • Commodities • Cryptocurrencies • Shares |
| ✔️Rwandan Franc-based Account? | No |
| 💵 RWF Deposits Allowed? | Yes |
| 📉 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Capital.com offers a referral bonus to its clients | There are strict terms and conditions to the referral bonus |
| Capital.com is a reputable broker that is well-regulated | There are no additional bonuses offered |
4. HF Markets
Overall Rating
- 4.8/5
Min Deposit
USD 5
Regulators
CySEC, FSC, CFTC
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
No
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Customers come from all over the globe to trade cryptocurrencies via HF Markets, which is one of the most well-known crypto brokerages and trading platforms in the world.
HF Markets is well-known for having competitive spreads as well as a variety of account kinds that may cater to the requirements of Rwandan traders with varying levels of trading expertise and different trading goals.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions |
| ⚖️ CBN Regulation | No |
| 📊 Trading Accounts | MT5/MT 4 Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5 |
| 💳 Minimum Deposit | 3,33 Rwandan Franc equivalent to $5 |
| 📈 Trading Assets | Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Equity markets and Stocks DMA, ETFs |
| 📊 Rwandan Franc-based Account? | No |
| 💳 RWF Deposits Allowed | No |
| 💰 Bonuses for Rwandan traders | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📈 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated CFD and Forex broker that has a decent trust score | United States clients and some other regions are not accepted by HotForex |
| The spreads offered are low and competitive | There may be restricted leverage for EU clients because of regulatory requirements |
| There are several account types to choose from with reasonable trading fees charged | There are no variable spread accounts offered |
| HotForex welcomes all types of traders and trading strategies | Limited funding options offered for deposits and withdrawals |
| There is a low minimum deposit requirement and secure methods for deposits and withdrawals | |
| Suited to beginner traders and experienced traders | |
| Offers comprehensive expert trading and market analysis | |
| Offers a decent selection of educational tools and a range of trading tools |
5. BDSwiss
Overall Rating
- 4.7/5
Min Deposit
$100
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Yes
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
The cryptocurrency exchange services offered by BDSwiss have been increased, and the company now offers a total of 32 distinct coin pairings.
You will not have to pay any commissions even if you may obtain leverage of up to 1:5 with BDSwiss. BDSwiss offers full support for the MT4 and MT5 trading platforms, in addition to its own proprietary WebTrader software.
The trading platforms that are provided by BDSwiss contain a full set of analytical tools and advanced charting, in addition to a large choice of other tradable assets that may be spread among four actual accounts.
Unique Features
| Feature | Value |
| 📉 Minimum Deposit | 69,10 Franc or equivalent to $100 |
| 📈 Maximum Deposit | Unlimited |
| 💵 Account Base Currencies | USD, EUR, GBP |
| 📊 Max Leverage Ratio | 1:1000 |
| 💸 Franc Deposits Allowed? | No |
| ✔️ Offers a Franc Account? | No |
| 💰 Rwandan Customer Support? | No |
| 📊 Account Types | Classic Account, Premium Account, VIP Account, RAW Account |
| 💻 Trading Assets | Forex, Commodities, Shares, Indices, Cryptocurrencies |
| ✔️ Negative Balance Protection? | Yes |
| 📞 Margin Call | 50% |
| 🛑 Stop-Out | 20% |
| 📉 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| BDSwiss offers commission-free trading | There is no Rwandan specific trading terminal offered |
| Rwandan CFD traders can choose between 250 CFDs across asset classes | There are withdrawal fees charged |
| There is a high leverage ratio offered | Rwandan Franc deposits are not accepted |
| BDSwiss offers MetaTrader 4 and 5 across devices | There is no RWF-denominated account offered |
| There are no deposit fees charged |
6. Tickmill
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Tickmill was established in 2015 and developed by a group of professional traders with extensive expertise in global markets. Tickmill is an SEC-registered broker offering online trading on 80+ different financial products.
The broker’s innovative technology enables low spreads (as low as 0 pips), cheap fee rates, and lightning-fast execution times (an average of 0.15 seconds).
Transparency is ensured by the absence of requotes and the use of an NDD (No Dealing Desk) execution mechanism, which is automated.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Rwandan Traders? | Yes |
| 💳 Minimum deposit (RWF) | 41,500 Rwandan Franc ($100) |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker offers commission-free trading across financial instruments | The broker does not accept clients from the United States and some other regions |
| There are powerful trading platforms to choose from | Fixed spread accounts are not offered |
| The broker is well-regulated in several regions | |
| There is a selection of popular financial instruments that can be traded | |
| There are several advanced trading tools offered |
7. Exness
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Trading is available on more than one hundred currency pairs with Exness, many different cryptocurrencies, and over seventy stock CFDs, indices, and commodities. Exness is a leading CFD broker with customers in over one hundred countries.
A completely risk-free trading environment is provided by award-winning broker Exness for traders in Rwanda.
Exness is a well-liked worldwide broker that offers its customers access to nine different account kinds, one of which is a Cent Account which is regarded as being among the most cost-effective in the market.
Exness offers its customers a diverse range of cryptocurrency trading pairs, with Bitcoin being the most widely traded option.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 📊 Trading Platform | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💰 Minimum Deposit | 68,26 Franc (or equivalent to $10) |
| 💰 Trading Assets | Forex minor pairs, forex major pairs, forex exotic currency pairs, Metals, Crypto, Energies, Indices, Stocks |
| 🔎 Rwandan Franc-based Account? | No |
| 💳 RWF Deposits Allowed? | Yes |
| 💰 Bonuses for Rwandan traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness is a reputable international broker authorized by several reputable market regulators | There is a limited selection of tradable instruments in only a few financial markets |
| The broker offers some of the tightest spreads across all types of accounts | There is a limited selection of funding options offered |
| There are several account types to choose from, each accommodating different types of traders | |
| There are various market metrics available including exchange rates, overall trading activities available, current market conditions, and more. | |
| Exness is ideal for any Rwandan beginner traders and institutional investors | |
| There are solutions offered for any type of professional trader who needs advanced options | |
| There is a powerful proprietary mobile app offered | |
| Client fund safety and investor protection is guaranteed | |
| Multilingual 24/7 customer support is offered | |
| Instant withdrawal methods are available |
8. easyMarkets
Overall Rating
- 4.9/5
Min Deposit
100 USD/101 652 RWF
Regulators
CySEC, ASIC, BVI, FSA
Trading Desk
MetaTrader 4, TradingView
Crypto
No
Total Pairs
275+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
easyMarkets, an approved market maker, has just made it possible to trade in twenty several types of digital cryptocurrency assets.
Since its inception, easyMarkets has consistently been a pioneer in the financial services market by being the first to provide novel features such as negative balance protection and guaranteed stop-loss.
easyMarkets has developed novel resources for traders to use, such as easyTrade, Freeze Rate, and dealCancellation, to assist traders in minimizing their risk exposure.
Unique Features
| Account Feature | Value |
| 💻 Platform Offered | easyMarkets Web/Mobile App |
| 💵 Minimum Transaction Size (USD) | 70 USD |
| 📈 Maximum Transaction Size (lots) | 50 lots |
| 📊 Average Fixed Spreads (from) | EUR/USD – 1.8 pips GBP/USD – 2.4 pips USD/JPY – 2.4 pips WTI (OIL) – 0.06 USD XAU/USD – 0.50 USD |
| 💰 Minimum Deposit | 17,15 Franc (Equivalent to $25) |
| 💸 Maximum Leverage | 1:200 |
| 💵 Commission Fees | None |
| 💳 Account Fees | None |
| 📱 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 🗣 24/5 Customer Support Through Live Chat | Yes |
| ✔️ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ❌ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| ✔️ Daily Email on Technical Analysis | Yes |
| 💻 Trading Central Indicator | No |
| 📱 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated broker with a high trust score | Variable spreads are not offered |
| There is a comprehensive proprietary trading platform offered along with MetaTrader 4 | easyMarkets is a market maker broker that takes the opposite side of their clients’ trades, which means they benefit from client losses |
| Commission-free trading on all accounts because the broker fee is included in the spread | An inactivity fee is applied to dormant accounts |
| Offers innovative features such as Freeze-Rate, Inside Viewer, easyTrade, and more | |
| The guaranteed stop-loss is offered free of charge | |
| TradingView, Trading Central, and other platforms are offered | |
| There is a powerful and innovative easyMarkets app offered | |
| easyMarkets offers low, fixed spreads |
9. FP Markets
Overall Rating
- 4.9/5
Min Deposit
100 USD/101 652 RWF
Regulators
ASIC, CySEC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
63
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
You may trade on more than 10,000 different financial instruments across numerous worldwide marketplaces with FP Markets, which is an established and registered broker that gives you access to a wide variety of financial products.
FP Markets can provide you with award-winning ECN trading conditions, including pricing based on direct market access, narrow spreads beginning at 0 pips, and adjustable leverage of up to 1:500. FP
In addition, FP Markets does not engage in the practice of requoting prices, and clients have their pick of many highly effective trading platforms.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC |
| 📲 Social Media Platforms | • Instagram • YouTube |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | Retail Account, Professional Account |
| 📱 Trading Platform | MT4/5 Standard Account, MT4/5 Raw Account, MT4/5 Islamic Standard Account, MT4/5 Islamic Raw Account |
| 💸 Minimum Deposit | 51,28 Franc |
| 💵 Trading Assets | • Forex • Shares • Metals • Commodities • Indices • Cryptocurrencies • Bonds |
| 💰 Rwandan Franc-based Account? | No |
| 💳 RWF Deposits Allowed? | Yes |
| 💸 Bonuses for Rwandan traders? | No |
| 📊 Minimum spread | From 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The demo account registration takes 30 seconds | The demo account will expire if traders do not continuously use it |
| Traders can choose between MetaTrader 4 and MetaTrader 5 across devices, giving them the flexibility to trade from anywhere | |
| FP Markets offers a choice between account types | |
| The demo account is the perfect tool for beginners | |
| The demo account is available for an unlimited time if traders use it frequently |
10. AvaTrade
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
AvaTrade’s revolutionary mobile program, AvaTradeGO, provides a safe and simple interface for trading cryptocurrency. AvaTradeGO provides investors with a bird’s-eye view of their transactions, as well as the opportunity to create watchlists and see real-time quotations and charts.
The platform’s mobile app allows users to trade over 1,250 assets, including 20 cryptocurrencies.
Furthermore, unlike many other brokers that restrict users to trade just between cryptocurrencies, AvaTrade allows customers to exchange cryptocurrencies for fiat cash.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Retail Investor Account, Professional Account Option |
| 📊 Trading Platform | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Minimum Deposit | 68,26 Rwandan Franc equivalent to $100 |
| 💰 Trading Assets | Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🔎 Rwandan Franc-based Account? | No |
| 💳 RWF Deposits Allowed? | No |
| 💰 Bonuses for Rwandan traders? | Yes |
| 📈 Minimum spread | 0.9 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is multi-regulated and one of the most trusted online trading brokers in the world | Variable spreads are not offered |
| There is a wide range of financial instruments that can be traded across financial markets | There is a limited choice between account types |
| There are several technical indicators, economic indicators, and other solutions for advanced traders | Inactivity fees are applied |
| There are several trading platforms to choose from | Currency conversion fees may be applied |
| There is a decent selection of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed to | There is a limited number of base currency options offered on accounts |
| There is a multitude of social trading opportunities offered | |
| The broker accepts any trading strategy including automated trading, expert advisors, scalping, hedging, and others. |
How to Choose the Right Crypto Broker in Rwanda
Rwandan traders must evaluate the following components of a cryptocurrency broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Credibility and Reliability
The cryptocurrency market is noticeably young in comparison to other markets, however just because it is new does not imply that every broker you come across is unskilled. There are reputable and knowledgeable crypto brokers available for you to work with.
They have the appropriate credentials, such as licenses issued by well-known and respectable regulatory authorities, and they have experts working on their team.
Additionally, they have the appropriate qualifications. It is possible to read reviews written about the broker and get insight into the services they provide to choose whether you should work with them.
Trading Platform
A broker’s trading platform needs to be intuitive and feature-rich for crypto traders, just as it would be for FX traders. There are several reasons why these kinds of systems are essential.
First, they make Bitcoin trading very convenient for their customers. A wide variety of choices are available to users of a well-designed platform. These choices exist just to ease the way for both new and seasoned Bitcoin traders.
A broker, particularly one just getting started in the Bitcoin industry, cannot function properly without these platforms. Verify the broker’s web platform is innovative.
Financial Background
Do not get into business with a broker whose net worth is lower than the money you want to invest. To be considered a reliable cryptocurrency broker, a company must have access to substantial funds. This ensures that your cryptocurrency holdings are secure and that your broker will not go under.
Technical Assistance
Providing excellent customer service is one thing, but providing stellar technical assistance is something quite else.
Brokers often have technical support departments to assist clients with issues that need in-depth knowledge in a certain area. Many cryptocurrency exchanges provide no means of contacting technical support staff.
You cannot operate a successful crypto brokering firm without a dedicated and knowledgeable technical support staff.
Most significantly, the team should be made up of veterans in the crypto space that has worked in the field for many years. They should have an intimate familiarity with the system and be able to provide you with quick, effective answers.
Fees and Commissions
When choosing a cryptocurrency broker, it is important to research the charges they impose. Obtain specific information from the broker about the fees they charge and any other potential dangers so that you can make an informed choice.
Overall Longevity
Some trustworthy cryptocurrency brokers may have just lately entered the market, although these instances are exceedingly rare. If a cryptocurrency broker has been around for a long time, then it must be doing something well since customers will continue to use it.
Registration Process
Sign-up procedures for cryptocurrency brokers provide incredibly detailed information about them. Experts in the field can tell immediately whether a broker is reliable only by observing its onboarding procedure.
In the beginning, you could struggle with this. You will be able to tell the legitimate brokers from the scammers more easily as time goes on. The presence of a vast number of depositing fees is a glaring red flag in certain sign-up procedures.
If a cryptocurrency broker requires a big initial payment from new customers, chances are good that they are a fraud. This is even more apparent when considering that most reputable cryptocurrency brokers charge their clients next to nothing to trade.
Instead of dealing with crypto brokers that demand exorbitant deposits, consider working with brokers like these. The process’s safety should be verified, too.
Practice Trading
Quite a few circumstances might arise in cryptocurrency trading, making it a complex endeavor.
Avoiding these errors is easy by using demo trading, which simulates real-world trading conditions without any monetary risk to the trader. Since there is no potential for profit or loss, this choice is neutral, but you will gain knowledge about the processes involved in crypto trading.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
- eBooks
- Trading guides
- Trading knowledge on leveraged products
- A risk warning on complex instruments
- Educational videos
Research can include some of the following:
- Trading tools
- Commentary
- Status of International Markets
- Price movements
- Market sentiments
- Whether there is a volatile market
- Exchange Rates
Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Crypto Brokers in Rwanda
In this article, we have listed the best crypto brokers that offer MetaTrader 4 to traders in Rwanda. We have further identified the crypto brokers that offer additional services and solutions to Rwandan traders.
Best MetaTrader 4 / MT4 Crypto Broker in Rwanda
Overall, AMarkets is the best MT4 Crypto Broker in Rwanda. AMarkets offers Standard and ECN accounts on MetaTrader 4 and MetaTrader 5, as well as additional tools and copy trading.
There are also a few handy deposit and withdrawal methods, as well as a demo account that is appropriate for both beginner and experienced traders.
Best MetaTrader 5 / MT5 Crypto Broker in Rwanda
Overall Rating
- 4.1/5
Min Deposit
USD 300
Regulators
FSCA
Trading Desk
MetaTrader 5
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Global GT is the best MetaTrader 5 Crypto Broker in Rwanda. Global GT offers more than 500 crypto assets ranging from NFTs to DeFi Tokens, and more. Global GT offers a choice between trading platforms and Rwandans can use MetaTrader 5 across several devices.
Best Crypto Broker for Beginners in Rwanda
Overall Rating
- 4.8/5
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, InstaForex is the best Crypto Broker for beginners in Rwanda. Online trading platform InstaForex has won several accolades and is used by traders all over the world.
InstaForex’s educational center is first-rate and includes articles along with polls, and expert analyses, among other things.
Best Low Minimum Deposit Crypto Broker in Rwanda
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSA, FCA, ASIC, DFSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
66
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Axi is the best Low Minimum Deposit Crypto Broker in Rwanda. When Rwandans register an account with Axi they are not subject to a set minimum deposit requirement.
In addition, Rwandans can use MetaTrader 4 to trade 11 crypto coins at competitive rates.
Best ECN Crypto Broker in Rwanda
Overall Rating
- 4.7/5
Min Deposit
USD 200 / 205 900 RWF
Regulators
ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, IC Markets is the best ECN Crypto Broker in Rwanda. Spreads start at 0.0 pips on the most popular trading platforms, and that is only the beginning of the trading options provided by this true ECN broker.
With a constant stream of transactions from all over the globe, IC Markets can easily maintain its high daily trading volume, making it a favorite among both novice and seasoned traders.
Best Islamic / Swap-Free Crypto Broker in Rwanda
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, AvaTrade is the best Islamic / Swap-Free Crypto Broker in Rwanda. AvaTrade is recommended by several credible broker review sites and has over 300,000 registered users.
Due to its regulation by three of the world’s leading financial authorities, AvaTrade has earned the trust of customers all around the globe. AvaTrade is the best broker for Muslim traders in Rwanda, attributable to the unique halal trading conditions that they can expect.
Best Crypto Trading App in Rwanda
Overall Rating
- 4.7/5
Min Deposit
1 USD / 1 020 RWF
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
250
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 / 142 877 RWF
Account Activation Time
Instant
Overall, FBS is the best crypto trading app in Rwanda. Over 12 years, FBS has earned a reputation as a reliable and secure broker. FBS is rapidly becoming the most popular online forex broker, and for good reason, as it routinely attracts over 10,000 new customers daily.
FBS offers a dedicated Crypto Account to Rwandan traders that can be accessed through an innovative and feature-rich trading app for iOS and Android devices.
Best Franc Trading Account Crypto Broker in Rwanda
Overall Rating
- 4.8/5
Min Deposit
USD 5
Regulators
CySEC, FSC, CFTC
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
No
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, HF Markets is the best Franc trading account Crypto Broker in Rwanda. Traders at HF Markets may choose from a variety of retail trading accounts, each with its own set of features and trading conditions, to suit their individual needs.
Another benefit that Rwandan traders can expect from HF Markets is localized support based in Rwanda and an RWF-denominated account.
Best Lowest Spread Crypto Broker in Rwanda
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, RoboForex is the best lowest-spread Crypto Broker in Rwanda. RoboForex has received many honors for excellent services and low spreads in addition to providing access to more than 12,000 trading items.
RoboForex’s strong characteristics are its safe network and its ability to prevent the loss of a negative balance.
Best NDD Crypto Broker in Rwanda
Overall Rating
- 4.1/5
Min Deposit
–
Regulators
–
Trading Desk
–
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FOREX.com is the best NDD Crypto Broker in Rwanda. FOREX.com has customers in over 180 countries throughout the globe, including both individuals and large financial institutions.
When it comes to trading forex and CFDs, FOREX.com is a trusted name that consistently delivers for customers all around the globe.
Best STP Crypto Broker in Rwanda
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Exness is the best STP Crypto Broker in Rwanda. Over 200 financial products, many retail account types, and a wealth of other tools are now available to Exness traders. Exness is a trusted STP and ECN broker that offers a user-friendly trading platform for traders of all experience levels.
Best Sign-up Bonus Crypto Broker in Rwanda
Overall Rating
- 4.1/5
Min Deposit
USD 100
Regulators
Not Regulated
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, MTrading is the best sign-up bonus Crypto Broker in Rwanda. MTrading provides its international clientele with adaptable trading platforms and terms that set them apart in the industry.
MTrading also offers an attractive welcome and sign-up bonus to Rwandan traders once they have verified their live trading account.
Crypto CFDs versus Crypto Spot
The concept of exchanging Bitcoin and other cryptocurrencies is well-known and accepted by many. Speculating on the price of a cryptocurrency and making a profit by purchasing cheap and selling high is a common strategy.
Trading on an exchange, or “spot trading,” has been around for a while, but trading cryptocurrency CFDs is a new phenomenon. Without having to hold any cryptocurrency, traders may still profit from market swings by trading crypto CFDs.
Those in favor of crypto CFDs point to the fact that you do not have to own any crypto as a benefit, which helps explain why CFD trading has garnered so much attention.
Crypto CFDs
Contracts for difference (CFDs) are a type of financial derivative that legally bind the broker and trader together. Rwandan traders in a crypto CFD do not take physical possession of the underlying digital money.
Instead, they bet that the value of their preferred crypto will either climb or decrease, hoping to benefit from the difference. Thus, if the trader’s forecast comes true, they can earn a profit. A loss will be charged against the trader if their forecast is incorrect.
The gain or loss is calculated by multiplying the percentage change in the asset’s value by the number of units traded, with a cut going to the broker.
It is possible to employ leverage while trading crypto CFDs, which is not possible when trading crypto on spot markets.
Furthermore, crypto CFDs have several additional benefits. Even though Bitcoin and Ethereum are two of the most popular cryptocurrencies, their price fluctuations might be too much for some day traders to bear.
CFDs provide traders additional freedom and speed in entering and exiting trades, as well as the option to use stop loss and hedging methods.
Here is where the trader could get an advantage, as the different cryptocurrency rates and quotations in USD or other cryptocurrencies give opportunities to hedge and minimize excessive market risk at a low cost and with a high degree of flexibility provided by CFDs.
Crypto Spot
In addition to the advantages of trading crypto CFDs, trading crypto on an exchange directly offers its own set of benefits.
Buying and selling cryptocurrency on your own eliminates the need for an intermediary and reduces your exposure to risk throughout both short- and long-term transactions thanks to the absence of leverage.
As a bonus, crypto holders do not incur any costs for overnight storage, and the asset may be used for all kinds of transactions. Additionally, folks who are not used to employing leverage may find this approach more appealing.
Since there is often a finance fee involved with retaining a CFD position overnight, evidence suggests that crypto CFDs are more popular for short-term trading. Because of this, it may be more expensive to conduct long-term trades with crypto CFDs.
In contrast, cryptocurrency trading on an exchange may be done for any time frame, whether for a short position or a lengthy deal.
Crypto spot and crypto CFDs both have their advantages and disadvantages, but both may be used to profit from the growth of the cryptocurrency market. One’s own preferences and financial condition will determine the best option.
How to start trading Crypto CFDs in Rwanda
Pick a trustworthy cryptocurrency CFD broker:
Find a reliable CFD broker to handle your crypto trading. Make sure you know what to anticipate by researching the broker’s spreads and fees, as well as their leverage choices, regulatory licenses, trader protection measures, and licensing.
Sign up for a customer account by creating an account with a crypto broker of your choosing. Typically, this entails filling out an account opening form and submitting supporting documentation for know-your-customer checks. Signing up with INFINOX is simple and fast.
Put together a strategy for trading crypto:
Create a trading strategy to back up your judgment calls, and make sure it includes appropriate risk mitigation steps.
You might also like: What is Scalping
You might also like: Best Islamic Swap-Free Forex
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FAQ
Where can I buy crypto in Rwanda?
You can buy crypto from any trustworthy exchange in Rwanda, or you can trade crypto as a contract for a difference (CFD) instrument.
What is the best app to trade cryptocurrency in Rwanda?
The best app currently for crypto traders in Rwanda is FBS as it comes with a crypto trading account.
Can I buy Bitcoin with 5,000 RWF?
You can start investing in Bitcoin with any given amount, depending on your broker or exchange’s minimum investment amount.
How can I trade cryptocurrency in Rwanda for beginners?
You can start by consulting educational materials and sources offered online. Once you have learned enough, you can choose a broker or an exchange and register a demo account.
You can start trading using virtual funds until you have built up some skills in trading crypto. Once you are ready, you can make a minimal investment and start trading.
How many people in Rwanda use crypto?
During a survey in 2024, around 33.4 million Rwandans (35% of the overall population) use cryptocurrencies.
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