9 Best Rwanda Forex Brokers with a Minimum 100 USD Deposit
The 7 Best Rwandan Forex Brokers with a hundred-dollar minimum Deposit revealed. We tested and verified the best forex brokers with a 100 USD minimum deposit to get started.
This is a complete list of 50 USD forex brokers in Rwanda.
In this in-depth guide you’ll learn:
- What is a 100 USD minimum deposit?
- What are lot sizes and why traders and investors should know about them?
- Who are the best low-minimum deposit brokers for Rwandans?
- A list of the best $100 minimum deposit brokers for Rwandans.
- How to choose a forex broker Compare them side by side with minimum and maximum deposits.
- Which brokers offer Trading Apps for IOS and Andriod?
- Which NASDAQ Brokers offer a $100 minimum deposit?
- Which brokers offer a sign-up bonus for first-time traders?
And lots more…
So if you’re ready to go “all in” with the best-tested low minimum deposit forex brokers for Rwandans…
Let’s dive right in…
10 Best Forex Brokers in Rwanda for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
. 
- Kayla Duvenage
Best Rwandan Forex Brokers with a Minimum 100 USD Deposit – Comparison
| 🥇 Broker | 💸 Minimum Deposit (₦) | 💰 Maximum Deposit | 💸 Franc Deposits Allowed? | ✔️ Offers a Franc Account? | 👉 Open An Account |
| AvaTrade | 102,01 Franc or equivalent to $100 | Unlimited | No | No | 👉 Open Account |
| RoboForex | 102,01 Franc or equivalent to $100 | Unlimited | No | No | 👉 Open Account |
| Markets.com | 102,01 Franc or equivalent to $100 | Unlimited | No | No | 👉 Open Account |
| Tickmill | 41,500 Naira or equivalent to $100 | Unlimited | No | No | 👉 Open Account |
| CM Trading | 102,01 Franc or equivalent to $100 | Unlimited | No | No | 👉 Open Account |
| BD Swiss | 102,01 Franc or equivalent to $100 | Unlimited | No | No | 👉 Open Account |
| Forex.com | 102,01 Franc or equivalent to $100 | Unlimited | No | No | 👉 Open Account |
| Plus500 | 102,01 Franc or equivalent to $100 | Unlimited | No | No | 👉 Open Account |
9 Best Rwandan Forex Brokers with a Minimum 100 USD Deposit (2024)
- AvaTrade – Overall, Best Minimum 100USD Deposit Broker
- OctaFX – Best Trading Education for Beginner Traders
- Markets.com – Best Rwandan Broker on the FTSE 250 Index
- Tickmill – Best MT4 and MT5 Trading Account
- CM Trading – Best Expert Advisers for Rwandan
- BDSwiss – Best Liquidity Broker in Rwanda
- FOREX.com – Best NFA and CFTC Broker
- Plus500 – Lowest Risk CFD Broker for Rwandan
- Axi – Fastest Local Rwandan Deposits
1. 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
Recognized as one of the premier brokers in the world for CFD and Forex trading, AvaTrade has garnered numerous accolades since its establishment in 2006. With its commitment to providing customized solutions, AvaTrade caters to both retail and professional traders in Rwanda. By registering an account with AvaTrade for just 100 USD, Rwandan traders gain access to a vast selection of over 1,250 financial instruments and a suite of robust trading platforms.
Features
| Feature | Value |
| 📉 Minimum Deposit | 102,01 Franc or equivalent to $100 |
| 📈 Maximum Deposit | Unlimited |
| 💵 Account Base Currencies | USD, ZAR, GBP, AUD |
| 📊 Max Leverage Ratio | 1:400 |
| 💸 Fran Deposits Allowed? | No |
| ✔️ Offers a Franc Account? | No |
| 💰 Rwandan Customer Support? | No |
| 📊 Account Types | One Retail Account, Professional Account |
| 💻 Trading Assets | Forex, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| ✔️ Negative Balance Protection? | Yes |
| 📞 Margin Call | 50% on Retail, 25% on AvaOptions |
| 🛑 Stop-Out | 10% |
| 📉 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is multi-regulated in several regions and is approved to provide trading solutions to Rwandan traders | There are no variable spreads offered and there is only one account type offered with two options namely retail or professional |
| AvaTrade offers a diverse range of educational materials to beginner Rwandan traders | There are inactivity fees charged on dormant accounts |
| There is dedicated Islamic trading offered to Muslim Rwandan traders | Rwandan traders could face currency conversion fees because Franc-deposits are not accepted |
| AvaTrade offers sophisticated trading tools to advanced traders | |
| Rwandan traders are given a choice between 1,250 tradable financial instruments |
2. OctaFX
Overall Rating
- 4.6/5
Min Deposit
USD 5
Regulators
FCA UK
Trading Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
OctaFX, founded in 2011, is a CFD broker with an office located in Port Harcourt, Rwanda. As an average-risk broker, OctaFX provides Rwandan traders with access to a diverse range of markets. With two retail investor accounts available, OctaFX offers the advantage of starting trading with a minimum deposit of 100 USD.
Features
| Feature | Value |
| 📉 Minimum Deposit | 102,01 Franc or equivalent to $100 |
| 📈 Maximum Deposit | Unlimited |
| 💵 Account Base Currencies | USD, EUR |
| 📊 Max Leverage Ratio | 1:500 |
| 💸 Franc Deposits Allowed? | No |
| ✔️ Offers a Franc Account? | No |
| 💰 Rwandan Customer Support? | No |
| 📊 Account Types | MetaTrader 4 Habitual Trader Account, MetaTrader 5 Smart Trader Account |
| 💻 Trading Assets | Forex, Index CFDs, Commodities, Cryptocurrencies, Energies, Precious Metals |
| ✔️ Negative Balance Protection? | Yes |
| 📞 Margin Call | 25% |
| 🛑 Stop-Out | 15% |
| 📉 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| OctaFX has local offices in Rwandan, making it one of the best local forex brokers in the country | There is no Franc-denominated account |
| OctaFX offers a comprehensive copy trading mobile app to Rwandan | There is a limited choice between trading accounts |
| There are commission-free trades offered | There is a limited selection of financial instruments that can be traded |
| OctaFX offers a very lucrative affiliate program to partners | |
| Deposits and withdrawals are free |
3. Markets.com
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 101639 RWF
Regulators
CySec, ASIC, FCA, BVI FSC, FSCA
Trading Desk
MetaTrader 4, MetaTrader 5, Markets.com propietary platform
Crypto
Yes
Total Pairs
67
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Markets.com is renowned as one of the top brokers for forex and CFD trading, providing exclusive proprietary trading platforms tailored for both trading and investing purposes. Rwandan traders can benefit from two account types offered by Markets.com, which present exceptional trading conditions and a wide range of features. Notably, these advantageous offerings are accessible to Rwandan traders with a minimum deposit requirement of only 100 USD.
Features
| Feature | Value |
| 📉 Minimum Deposit | 102,01 Franc or equivalent to $100 |
| 📈 Maximum Deposit | Unlimited |
| 💵 Account Base Currencies | USD, GBP, EUR, AUD |
| 📊 Max Leverage Ratio | 1:300 |
| 💸 Franc Deposits Allowed? | No |
| ✔️ Offers a Franc Account? | No |
| 💰Rwandan Customer Support? | No |
| 📊 Account Types | MarketsX Account, Marketsi Account |
| 💻 Trading Assets | Shares, Bonds, Cryptocurrencies, Forex, Primary CFDs, ETFs, Indices, Blends, Commodities |
| ✔️ Negative Balance Protection? | Yes |
| 📞 Margin Call | 50% |
| 🛑 Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Markets.com is extremely well-regulated in several regions | Markets.com does not offer a Franc-denominated account |
| Rwandan traders have a large range of markets that they can trade | There are no local deposits or withdrawals for Rwandan traders |
| There is commission-free trading offered | An inactivity fee and currency conversion fee will apply |
| Rwandan traders can expect competitive trading conditions that suit all types of traders | |
| Beginner Rwandan traders can expect a diverse range of educational materials and tools |
4. 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
Overall, Tickmill is known as a high-trust and low-risk broker that is regulated by several entities around the world. Tickmill caters extensively to Rwandan traders and offers user-friendly platforms and some of the lowest spreads.
Tickmill requires a 100 USD minimum deposit when Rwandans register a trading account, offering a selection of financial instruments that can be traded through MetaTrader 4 or 5 on a desktop terminal, web browsers, or mobile apps that run on iOS or Android.
Features
| Feature | Value |
| 📉 Minimum Deposit | 102,01 Franc or equivalent to $100 |
| 📈 Maximum Deposit | Unlimited |
| 💵 Account Base Currencies | USD, EUR, GBP |
| 📊 Max Leverage Ratio | 1:500 |
| 💸 Franc Deposits Allowed? | No |
| ✔️ Offers a Franc Account? | No |
| 💰 Rwandan Customer Support? | No |
| 📊 Account Types | Pro Account, Classic Account, VIP Account |
| 💻 Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
| ✔️ Negative Balance Protection? | Yes |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 30% |
| 📉 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tickmill offers Rwandan a choice between three retail accounts, each intended for a different trading skill level | There are no fixed spreads offered |
| There are several flexible funding methods offered to Rwandan | There is a currency conversion fee that could apply toFranc deposits |
| Advanced traders have access to FIX API, VPS, AutoChartist, and several other tools | |
| Tickmill guarantees client fund security | |
| Rwandan traders can register a trading account with starting capital of 102,01 or an equivalent to $100 |
5. CM Trading
Overall Rating
- 4.8/5
Min Deposit
USD100
Regulators
FSA
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
154
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
CM Trading has an extremely high trust score of 91% and caters extensively to African traders. CM Trading offers a wide range of markets that can be traded, and Rwandans can register a live trading account with a minimum deposit of $100.
Features
| Feature | Value |
| 📉 Minimum Deposit | 102,01 Franc or equivalent to $100 |
| 📈 Maximum Deposit | Unlimited |
| 💵 Account Base Currencies | USD, EUR, GBP |
| 📊 Max Leverage Ratio | 1:200 |
| 💸 Franc Deposits Allowed? | Yes |
| ✔️ Offers a Franc Account? | No |
| 💰Rwandan Customer Support? | No |
| 📊 Account Types | Bronze Account, Silver Account, Gold Account, Premium Account |
| 💻 Trading Assets | Currency trading, Stocks, Indices, Cryptocurrencies, Commodities, CFDs |
| ✔️ Negative Balance Protection? | Yes |
| 📞 Margin Call | 20% |
| 🛑 Stop-Out | – |
| 📉 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| CM Trading has a high level of trustworthiness | There is an inactivity fee applied to dormant accounts |
| CM Trading offers advanced traders a range of trading tools | Deposit and withdrawal fees apply to crypto payments |
| There is no restriction on the trading strategies that Rwandan traders can use | |
| CM Trading allows Rwandan traders access to several markets with a low minimum deposit | |
| CM Trading has a high reputation as one of the best CFD and forex brokers for Rwandan traders |
6. 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
BDSwiss is one of the best STP and ECN brokers in the world, recognized for a large range of markets and some of the best trading conditions. BDSwiss offers Rwandan traders a highly liquid trading environment and the broker is also the hub for affiliates, with over 17,500 global partnerships.
Features
| Feature | Value |
| 📉 Minimum Deposit | 102,01 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 |
7. FOREX.com
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
Overview
FOREX.com, operating as part of GAIN Capital Holdings and StoneX Group, Inc. since 2020, stands out as one of the leading forex brokerage firms worldwide. Known for its strong regulation, FOREX.com provides Rwandan traders with a selection of three retail investor accounts to choose from. Notably, these accounts offer the advantage of a minimum deposit requirement starting at just 100 USD.
Features
| Feature | Value |
| 📉 Minimum Deposit | 41,500 Franc or equivalent to $100 |
| 📈 Maximum Deposit | Unlimited |
| 💵 Account Base Currencies | USD, GBP, EUR, CHF, JPY, NZD |
| 📊 Max Leverage Ratio | 1:400 |
| 💸 Franc Deposits Allowed? | No |
| ✔️ Offers a Franc Account? | No |
| 💰 Rwandan Customer Support? | No |
| 📊 Account Types | Standard Account, Commission Account, Direct Market Access (DMA) Account |
| 💻 Trading Assets | Forex, Indices, Stocks, Commodities, Precious Metals, Cryptocurrencies, Energies |
| ✔️ Negative Balance Protection? | Yes |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FOREX.com is highly trusted because of its NFA and CFTC regulation, among other authorizations and licenses | Inactivity fees are charged on inactive and dormant accounts |
| FOREX.com has an execution scorecard | Currency conversion fees apply |
| Rwandan traders can access a Direct Market Access (DMA) Account | There is no Franc-denominated account offered |
| There is a dedicated market strategist for more experienced traders | |
| Beginner traders have access to a range of educational materials and tools |
8. Plus500
Overall Rating
- 4.9/5
Min Deposit
USD100
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Desk
WebTrader
Total Pairs
70
Crypto
Yes (Availability subject to regulations)
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Plus500 is a prominent market leader in pure CFD (Contract for Difference) trading, offering Rwandan traders an extensive selection of over 2,000 financial instruments to trade. With the aid of robust proprietary trading platforms, traders can access a wide range of markets. Notably, Plus500 provides the convenience of starting with a low minimum deposit of just 100 USD.
Features
| Feature | Value |
| 📉 Minimum Deposit | 102,01 Franc or equivalent to $100 |
| 📈 Maximum Deposit | Unlimited |
| 💵 Account Base Currencies | USD, GBP, ZAR, EUR |
| 📊 Max Leverage Ratio | 1:30 |
| 💸 Franc Deposits Allowed? | No |
| ✔️ Offers a Franc Account? | No |
| 💰 Rwandan Customer Support? | No |
| 📊 Account Types | One Standard Account |
| 💻 Trading Assets | Indices, Forex, Commodities, Cryptocurrencies, Shares, Options, Exchange-traded funds (ETFs) |
| ✔️ Negative Balance Protection? | Yes |
| 📞 Margin Call | Depends on the Maintenance Margin |
| 🛑 Stop-Out | 1% less than the Maintenance Margin |
| 📉 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Plus500 is known as the best CFD broker with a proprietary trading platform | There is restricted maximum leverage in most regions |
| Commission-free trading is offered | There is no desktop version of the proprietary trading platform |
| Deposit fees are not charged | There are restrictions on the trading strategies that Rwandan traders can use |
| There are over 2,000 CFDs that can be traded | Guaranteed stops are not offered free of charge |
| Rwandan traders have access to 24/7 customer support through Live Chat and other channels |
9. Axi
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
Overview
Axi is an award-winning broker that offers a safe, transparent, and competitive trading environment to all types of traders. Axi is known for its low spreads and low minimum deposit requirement. A benefit that Axi offers Rwandan traders is that they can deposit any given minimum when they register a live trading account.
Features
| Feature | Value |
| 📉 Minimum Deposit | Not fixed, anything from 0 RWF upwards |
| 📈 Maximum Deposit | Unlimited |
| 💵 Account Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| 📊 Max Leverage Ratio | 1:30 Retail, 1:400 Professional |
| 💸 Franc Deposits Allowed? | Yes |
| ✔️ Offers a Franc Account? | No |
| 💰Rwandan Customer Support? | No |
| 📊 Account Types | Standard Account, Pro Account, Elite Account |
| 💻 Trading Assets | Forex, Share CFDs, Indices, Commodities, Energies, Precious Metals, Cryptocurrency CFDs |
| ✔️ Negative Balance Protection? | No |
| 📞 Margin Call | 90% |
| 🛑 Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Axi has a good reputation and is an extremely low-risk broker | Inactivity fees apply to dormant accounts |
| Rwandan can make deposits and withdrawals in Rwandan Franc | Retail clients can only use leverage up to 1:30 |
| Axi does not charge any account fees | There are deposit and withdrawal fees charged on the supported payment methods |
| Axi offers MetaTrader 4 across devices including mobile trading apps for iOS and Android | There is only one trading platform offered |
| There are several advanced tools for experienced Nigerian traders including AutoChartist, MetaTrader 4 NextGen, and others | The demo account will expire after 30 days of activation |
How to start trading with 100 USD in Rwanda
Step 1: Selecting a Broker
When selecting a broker in Rwanda that accepts deposits in USD, it is crucial to choose a reputable one. Look for brokers regulated by recognized authorities such as the Rwanda Securities Exchange (USE) or international regulatory bodies. This ensures a trustworthy trading environment and safeguards your interests.
Step 2: Opening a Trading Account
Once you have chosen your preferred broker, proceed to complete the account opening process. This typically involves providing personal information, undergoing identity verification, and agreeing to the broker’s terms and conditions. It is important to ensure a smooth and secure setup for your trading account.
Step 3: Depositing Funds
To get started, deposit the amount of $100 USD into your trading account. Brokers typically offer multiple deposit methods, including bank transfers and online payment platforms. Before proceeding, ensure that the broker supports USD deposits and provides convenient options specifically tailored for Rwandan traders.
Step 4: Choosing a Trading Instrument
Decide on the financial instrument you wish to trade. You have several options such as forex (foreign exchange), stocks, commodities, or cryptocurrencies. Consider your trading goals, risk tolerance, and market knowledge while selecting your preferred instrument.
Step 5: Enhancing Your Knowledge
Deepen your trading knowledge and skills by learning about fundamental and technical analysis, risk management, and trading strategies. Many brokers offer educational resources like articles, webinars, and demo accounts. Utilize these valuable resources to improve your trading abilities.
Step 6: Developing a Trading Plan
It is crucial to formulate a comprehensive trading plan that clearly outlines your goals, risk management strategies, and overall trading approach. Within this plan, determine your specific entry and exit criteria for trades, as well as the amount of capital you are willing to risk per trade. A well-defined trading plan establishes a solid foundation for consistent decision-making throughout your trading journey.
Step 7: Commencing Trading
Utilize your trading platform to execute trades based on your established plan. Monitor the markets, analyze price movements, and make informed trading decisions. Maintain a record of your trades and assess their performance to refine your strategy over time.
Step 8: Risk Management
Implement effective risk management techniques to safeguard your capital. Utilize stop-loss orders to limit potential losses and consider setting profit targets to secure gains. Avoid exposing too much of your account balance on a single trade, as this can result in substantial losses.
Step 9: Continuous Learning
Trading is a skill that requires ongoing learning and improvement. Stay updated on market news, economic events, and changes in trading conditions. Continuously analyze and adapt your trading strategies to stay aligned with evolving market trends.
Remember that trading entails risks, and profitability is not guaranteed. It is vital to exercise patience, discipline, and realistic expectations while consistently expanding your knowledge and experience in the trading world.
How to Choose a Forex Broker
Selecting a forex broker is a crucial decision that significantly influences a trader’s experience and profitability. To make an informed choice, it is important to consider several factors. Here are key aspects to contemplate when choosing a forex broker:
Regulation:
When selecting a broker, it is advisable to choose one that is regulated by a reputable financial authority in their home country or operating jurisdiction. Regulation ensures that brokers adhere to specific standards and rules, offering traders a certain level of protection. This provides you with confidence and peace of mind while engaging in your trading activities.
Trading Platforms:
Evaluate the broker’s trading platform for user-friendliness, reliability, and availability of tools and features that align with your trading requirements. Consider whether the platform is accessible on both desktop and mobile devices and offers a diverse range of financial instruments.
Spreads and Fees:
To make an informed decision, it is essential to compare spreads and trading fees among different brokers to identify the most competitive pricing. While low spreads can be advantageous, it is equally important to consider other fees such as commissions and swap rates. Evaluating the overall cost structure of a broker will help you determine the most cost-effective option for your trading needs.
Customer Support:
Prioritize brokers that offer responsive and helpful customer support accessible through various channels, including phone, email, and live chat. Efficient customer support can be crucial when encountering issues or seeking assistance.
Educational Resources:
Look for brokers that provide educational resources such as webinars, tutorials, and market analysis. These resources can aid in improving trading skills and knowledge, enhancing your overall trading performance.
Deposit and Withdrawal Options:
Consider the broker’s deposit and withdrawal options, ensuring they support your preferred payment methods. Smooth and convenient transactions are vital for efficient account funding and withdrawals.
Reputation:
Before finalizing your decision, it is advisable to conduct thorough online research to assess the reputation of the broker. Seek reviews and feedback from other traders to gain insights into their real-life experiences. Evaluating the broker’s reliability and quality of service through the experiences of fellow traders can provide valuable information to help you make an informed choice.
By carefully considering these factors, traders can select a forex broker that aligns with their needs, supports their trading goals, and provides a satisfactory trading experience.
Best Forex Brokers in Rwanda for 2024
Rwandan Broker with the Best Liquidity
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
We chose BDSwiss because the broker experiences high monthly trading volumes that exceed $84 billion, ensuring an active market and platform for retail and institutional Rwandan traders.
Best Islamic Trading Conditions 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
AvaTrade is our #1 choice for offering the best Islamic Trading Conditions in Rwanda. AvaTrade not only offers an Islamic account, but also offers Halal gold and silver, oil, indices, and forex trading to Muslim Rwandan traders.
Best NFA and CFTC Broker that accepts Rwandan Traders
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
FOREX.com is one of the best international brokers with multi-regulation through several entities, including the NFA and CFTC in the United States, instilling confidence in Rwandan traders that they are dealing with a legit broker.
Best Expert Advisors Rwandan Auto Traders
Overall Rating
4.8/5
Rated #7 of
Recommended FX Brokers
Minimum Deposit
USD 100
Regulators
FSA
MetaTrader 4
Yes
154
Islamic Account
Yes
Trading Fees
Low
24 Hours
CM Trading is our choice as the best broker that offers Expert Advisors to Auto Traders in Rwanda. Through MetaTrader 4, Rwandan traders can either download purchase, or create EAs for their algorithmic trading strategies.
Best MetaTrader 4 and 5 Broker
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
MetaTrader 4 and 5 are two of the most popular trading platforms in the world and with Tickmill, Rwandan traders have unlimited access to mobile trading, technical indicators, automated trading systems, an economic calendar, analytical tools, chart frames, and more.
Best Affiliate Broker in Rwanda
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
We chose BDSwiss’ affiliate program because it features the highest conversion rate of 37% and a 100% response rate, with responses in 13 seconds, or less. BDSwiss already has over 17,500 partners worldwide, and the broker has a high trust and low-risk score overall.
Highest Trust Score 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
Because of its multi-regulation status with entities such as NFA, CTFC, and several others, the proven execution scorecard, and several other features, FOREX.com is the broker that has the highest trust score in Rwanda.
Best Overall Forex Broker in Lagos, 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
We selected AvaTrade as the best broker in Lagos for several reasons including its 1,250 financial instruments that can be traded, range of powerful trading platforms, mobile trading apps, and competitive trading conditions.
Fastest Local Rwandan Deposits
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
Axi offers a wide range of deposit and withdrawal options to its clients, including local deposit methods for Rwandan traders, ensuring that traders can fund their accounts quickly to start trading immediately after registration and account approval.
Best Market Analysis and Research for Advanced Rwandan Traders
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
Experienced Rwandan traders need a range of trading and research tools to ensure that they can refine their trading and add the competitive edge that they need. With BDSwiss, Rwandan traders can expect some of the best resources and tools including Real-Time Trading Alerts, Market Insights, Special Reports, AutoChartist, Currency Heatmaps, Daily Market Analysis, and several others.
Best Trading Education for Beginners in Rwanda
Overall Rating
- 4.6/5
Min Deposit
USD 5
Regulators
FCA UK
Trading Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
We chose OctaFX as the best trading education for Rwandan beginners because of the variety of educational materials that are made available to traders. Beginners can choose from webinars, articles, video courses, video tutorials, and more, to help them get started.
Lowest-risk CFD Broker for Rwandan CFD Traders
Overall Rating
- 4.9/5
Min Deposit
USD100
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Desk
WebTrader
Total Pairs
70
Crypto
Yes (Availability subject to regulations)
Trading Fees
Low
Account Activation Time
24 Hours
Plus500 is not only a leading online CFD platform but also a low-risk broker with an exceptionally high level of trustworthiness. Plus500 is well-regulated and all client funds are kept in segregated accounts.
Best Rwandan Broker listed on the FTSE 250 Index
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 101639 RWF
Regulators
CySec, ASIC, FCA, BVI FSC, FSCA
Trading Desk
MetaTrader 4, MetaTrader 5, Markets.com propietary platform
Crypto
Yes
Total Pairs
67
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Markets.com is not only a trusted and low-risk forex broker, but the broker is part of Finalto, a subsidiary of Playtech PLC, which is listed on the London Stock Exchange (LSE) and forms part of the FTSE 250 Index component, making this broker even more legit when compared to other brokers and competitors.
FAQ
Can I start trading forex in Rwanda with ($100)?
Yes, if you start trading micro, mini, and nano lots, you can register a Forex trading account and start trading with $100, and lower.
What should my risk-reward ratio be when I trade with $100?
Regardless of your minimum deposit, you must keep your risk-reward ratio at either 1:2 or 1:3, where you only risk 1% of your balance on a single trade, but expect twice or thrice the reward, respectively.
How much leverage should I use when I start trading Forex in Rwanda?
This depends on your unique trading strategy and your risk tolerance. However, new traders are urged to only trade with a maximum leverage ratio of 1:10.
What is the minimum maintenance margin for most forex brokers in Rwanda?
Most forex brokers in Rwanda have a maintenance margin of 100%. This refers to the minimum amount of equity that you need to keep in your trading account so that your positions can remain open. If you do not adhere to this, you will receive a margin call from your broker to urge you to top up your account before it reaches a level where a stop-out is applied and your positions are closed.
Which Forex Broker is the best for Beginner Rwandan Traders?
AvaTrade is the best forex broker for Beginner Rwandan traders because the broker offers unique trading solutions to all types of traders, a range of educational materials, a demo account, and more.
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