7 Best FCA Regulated Forex Brokers in Rwanda
The 7 Best FCA Regulated Forex Brokers in Rwanda revealed. We tested and verified the best FCA-regulated forex brokers operating in Rwanda.
This is a complete guide to FCA-regulated forex brokers in Rwanda.
In this in-depth guide you’ll learn:
- What is the Financial Conduct Authority (FCA)?
- Why traders in Rwanda should sign up with an FCA-regulated broker.
- Who are the best FCA-regulated forex brokers for Rwandans in 2024?
- How to choose a forex broker – Compare them side by side, by, low minimum deposit, high leverage, best MetaTrader 4 platforms, and much more.
- Which brokers offer a sign-up bonus for first-time traders?
- Which brokers are best for beginner traders?
And lots more…
So if you’re ready to go “all in” with the best-verified FCA-regulated forex 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 FCA Regulated Forex Brokers in Rwanda – Comparison
| 🥇 Broker | ✔️ FCA Regulated Broker? | ⚖️ Regulation | 🏛 CBN Regulation? | 💸 RWF Deposits Allowed? | 👉 Open An Account |
| 1. Exness | Yes | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | No | Yes | 👉 Open Account |
| 2. HFM | Yes | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA | No | Yes | 👉 Open Account |
| 3. FXTM | Yes | CySEC, FSCA, FCA, FSC Mauritius | No | Yes | 👉 Open Account |
| 4. XM | Yes | FSCA, IFSC, ASIC, CySEC, DFSA | No | Yes | 👉 Open Account |
| 5. Tickmill | Yes | ASIC, FMA, FSCA, FCA, CySEC, FSA, MAS | No | No | 👉 Open Account |
| 6. Pepperstone | Yes | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | No | Yes | 👉 Open Account |
| 7. FxPro | Yes | FCA, CySEC, FSCA, DFSA, SCB | No | No | 👉 Open Account |
7 Best FCA Regulated Forex Brokers in Rwanda (2024)
1. 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
Since 2008, Exness has operated in the foreign exchange market. The broker is at the top of the ratings for Forex brokers in Rwanda. $325.8 billion USD is the monthly turnover of the corporation.
More than 120 currency pairs and energy and metals are currently available for CFD trading through the firm. The service provided by Exness offers Rwandan traders a number of benefits, including minimal commissions, immediate order execution, and quick fund withdrawals.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📲 Social Media Platforms | • Facebook • YouTube |
| 🏛 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 | 100,65 Franc |
| 💵 Trading Assets | Forex, Metals, Crypto, Energies, Indices, Stocks |
| 💰 Rwandan Franc-based Account? | Yes |
| 💳 RWF Deposits Allowed? | Yes |
| 💸 Bonuses for Rwandan traders? | Yes |
| 📊 Minimum spread | From 0.0 pips EUR/USD |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions | There is a limited portfolio of financial instruments offered |
| Rwandan traders can choose between several retail investor accounts | Exness offers a limited number of payment methods that can be used for deposits and withdrawals |
| Exness offers an Islamic account conversion with no additional fees charged | |
| Instant deposits and withdrawals are offered | |
| Exness has customer support available 24 hours a day, 7 days a week |
2. HFM
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
HFM is a London-based Forex and commodities broker that was founded in 2010. To its vast list of credentials, HFM revealed in 2012 that it now included the FCA (licensed no. 801701).
The HF App, which provides Rwandan traders with access to their accounts and a number of trading tools, news, and financial analysis, further sets HFM apart. As an HFM client, you’ll have access to more tradable assets than you’ll find at other brokers, such as specialty CFDs.
Over 34 ETFs and 950 stock DMAs, which are rarely seen at other brokers, are available for trading, as are 53 different currency pairings, share CFDs, commodities, and bonds.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 📲 Social Media Platforms | • Facebook • Telegram • YouTube |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 📱 Trading Platform | MetaTrader 4 and MetaTrader 5 |
| 💸 Minimum Deposit | 4,91 Franc |
| 💵 Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 💰Rwandan Franc-based Account? | Yes, along with ZAR and USD |
| 💳 RWF Deposits Allowed? | Yes |
| 💸 Bonuses for Rwandan traders? | Yes |
| 📊 Minimum spread | From 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There are tight, competitive spreads from 0.0 pips on EUR/USD | HFM only offers a few deposit and withdrawal methods to Rwandan |
| There is a demo account for beginners who are learning to trade and professional traders who are testing strategies | |
| Rwandan traders can register a trading account in either USD, ZAR, or RWF | |
| Several asset classes can be traded through HFM | |
| Rwandan traders have access to MetaTrader 4 and 5 across desktops, mobile apps, and web-based platforms |
3. FXTM
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
FXTM was founded in 2011 and has over 800 employees in 10 regional offices throughout the world. FXTM Invest offers a list of top-rated traders, known as strategy providers, from which new Rwandan traders or followers can choose.
Followers can establish an investor account and imitate the trades of various Strategy Providers for a minimal deposit of $100.
Rwandan members of FXTM Invest receive a part of the proceeds of successful trades, while Strategy Providers make additional money by producing gains for their followers.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FSCA, FCA, FSC Mauritius |
| 📲 Social Media Platforms | • Facebook • YouTube • Telegram |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 💸 Minimum Deposit | 24,55 Franc |
| 💵 Trading Assets | Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs, Commodities, Stock Baskets |
| 💰 Rwandan Franc-based Account? | Yes |
| 💳 RWF Deposits Allowed? | Yes |
| 💸 Bonuses for Rwandan traders? | Yes |
| 📊 Minimum spread | From 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM is a popular and multi-regulated trading provider | There are inactivity fees that will be applied if the trading account goes dormant |
| FXTM offers its clients quick deposit and withdrawal methods with short processing times | |
| There are no deposit fees charged | |
| There are several educational materials offered | |
| FXTM offers dedicated, local support in multiple languages |
4. XM
Overall Rating
- 4.5/5
Min Deposit
USD 10
Regulators
IFSC, CySec, ASIC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
55
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
An FCA-licensed broker, XM was founded in Cyprus in 2009 and has a regional office in London. Rwandan investors can join XM’s CySEC-regulated subsidiary, but the FCA has already approved the firm’s passport to the FCA.
There are no hidden fees or charges with XM’s zero-cost Zero Account, and the spreads are extremely narrow. XM also offers outstanding educational resources and customer service for beginner traders in Rwanda.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📲 Social Media Platforms | • Facebook • YouTube |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 💸 Minimum Deposit | 4,91 Franc |
| 💵 Trading Assets | Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares, |
| 💰 Rwandan Franc-based Account? | No |
| 💳 RWF Deposits Allowed? | Yes |
| 💸 Bonuses for Rwandan traders? | Yes |
| 📊 Minimum spread | From 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XM has more than 5 million active clients from around the world | Inactivity fees apply |
| Client fund safety is guaranteed, and XM offers investor protection to Rwandan traders | There are no fixed spreads offered |
| XM has won several industry awards since its establishment in 2009 | |
| There are no commissions charged on either deposits or withdrawals | |
| XM is a low-cost forex broker with a high trust score |
5. 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
With over 110,000 traders on its books and an average monthly trading volume in excess of 120 billion USD, Tickmill has grown tremendously since its inception in 2014.
So far, Tickmill’s UK office has attracted over 38,000 customers since receiving its FCA license (registration number. 717270) in 2016.
Rwandan traders will sign up with the Seychelles-located Tickmill entity but may be certain that they are trading in a secure environment thanks to the FCA’s enhanced oversight. Cheap commission accounts and low non-trading expenses will also entice Rwandan traders.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
| 📲 Social Media Platforms | • Facebook • YouTube • Telegram |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | Pro Account, Classic Account, VIP Account |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5 |
| 💸 Minimum Deposit | 101,88 Franc |
| 💵 Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
| 💰 Rwandan Franc based Account? | No |
| 💳 RWF Deposits Allowed? | No, only USD, GBP, EUR, IDR, CNY, VND, or RUB |
| 💸 Bonuses for Rwandan traders? | Yes |
| 📊 Minimum spread | From 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tickmill offers robust trading platforms and innovative mobile trading | Currency conversion fees will apply for Franc deposits |
| Tickmill has a very high trust score and is known for its competitive trading conditions | There are no fixed spread accounts offered |
| There are several convenient funding options available including Skrill, Neteller, and others | The spreads are not the tightest |
| Advanced traders can use a range of tools including FIX API, AutoChartist, VPS, and others |
6. Pepperstone
Overall Rating
- 4.9/5
Min Deposit
200 USD / 21 7071 RWF
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Australian-based Pepperstone made its UK debut in 2016. Client monies are held in segregated trust accounts with Barclays, which are regulated by the Financial Conduct Authority (FCA) (licensed number 684312).
Its UK business had approximately 8,000 clients as of June 2020, attracted by Pepperstone’s low fees, its wide assortment of UK share CFDs, and its three popular trading platforms.
Trade fees at Pepperstone are among the most competitive in the industry. Fixed spreads on the EUR/USD average 0.09 pips for the Standard Account, while the Razor Account has spread as low as 0.1 pips.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 📲 Social Media Platforms | • Facebook • YouTube |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | Standard account, Razor Account, Professional Account, |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade |
| 💸 Minimum Deposit | 149,01 RWF |
| 💵 Trading Assets | • Forex • Cryptocurrencies • Shares • ETFs • Indices • Commodities • Currency Indices |
| 💰 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 |
| Tickmill offers robust trading platforms and innovative mobile trading | Currency conversion fees will apply for Franc deposits |
| Tickmill has a very high trust score and is known for its competitive trading conditions | There are no fixed spread accounts offered |
| There are several convenient funding options available including Skrill, Neteller, and others | The spreads are not the tightest |
| Advanced traders can use a range of tools including FIX API, AutoChartist, VPS, and others |
7. FxPro
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 108820 RWF
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
FxPro was founded in Cyprus in 2006 and is headquartered in London, where it is licensed by the Financial Conduct Authority (FCA) since 2010. As of this writing, 1.8 million client accounts have been opened in 173 countries, including Rwanda, since FxPro’s inception in 2005.
Orders are filled at or near the advertised price thanks to FxPro’s lightning-fast trade execution. 90% of market orders are filled at the desired price, while 9.6% of Rwandan clients receive a better price or positive slippage. The majority of trades are filled in within 14 milliseconds.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, CySEC, FSCA, DFSA, SCB |
| 📲 Social Media Platforms | • Facebook • YouTube • Telegram |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | MT4 Instant Account, MT4 Account (Market Execution), MT5 Account, cTrader Account, FxPro Edge Account |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5 and cTrader |
| 💸 Minimum Deposit | 101760,18 Rwandan Franc |
| 💵 Trading Assets | Forex, cryptocurrencies, energies, stock CFDs, futures, indices, metals |
| 💰 Rwandan Franc-based Account? | No |
| 💳 RWF Deposits Allowed? | Yes |
| 💸 Bonuses for Rwandan traders? | No |
| 📊 Minimum spread | From 0.3 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FxPro offers a broad range of tradable instruments. | Limited protection at offshore entity. |
| FxPro offers competitive spreads. | High recommended minimum deposit for Rwandan traders |
| FxPro provides fast order execution. | FxPro Edge Platform is only available in the English language |
| With FxPro, Rwandan traders have multiple platforms available. | Inactivity fee charged to Rwandan traders whose accounts go dormant |
| Rwandan traders have multiple account types available with FxPro | |
| Third party tools available to Rwandan traders for more comprehensive analysis | |
| Fast deposits and withdrawals available to Rwandan traders | |
| Fixed and variable spread accounts which allow for more flexibility in pricing |
The Role of the FCA
Aside from safeguarding customers, the FCA also seeks to maintain and improve the integrity of the United Kingdom’s financial system and encourage healthy competition among financial service providers in the interests of consumers.
When the Financial Services Authority was abolished on April 1, 2013, it was done so in order to acquire responsibilities for conduct and prudential regulation. The Financial Services and Markets Act 2000 and the Financial Services Act 2012 established the FCA’s statutory objectives.
It is consequently necessary for FCA-authorized businesses to pay fees to the regulators and other organizations that oversee their activity.
The Authority accomplishes this by safeguarding customers, safeguarding financial markets, and fostering competition. The Treasury and Parliament of the United Kingdom are in charge of the FCA.
Enforcing fair conduct
The FCA’s primary responsibility is to prohibit financial services companies from engaging in unethical practices. But that’s not all. They’ll also investigate and prosecute a variety of other sorts of misbehavior, including insider trading and shadow banking.
Anti-competitive behavior, such as monopoly formation, mis-selling of financial products, and other attempts at market manipulation, are also addressed by the regulators.
Regulation of entities
In addition, the FCA lends respectability to financial services firms in Rwanda by issuing a seal of approval. In the case of a UK CFD broker, the most reputable firms would boldly proclaim that they are regulated by the Financial Conduct Authority (FCA).
The Best FCA-Regulated Forex Brokers in Rwanda
Signing up with an FCA-regulated Forex broker can indeed offer several advantages for Rwanda traders. These brokers operate under strict regulations, ensuring a secure trading environment and transparent pricing conditions.
How to Choose a Forex Broker
Regulation and Licensing:
Look for brokers that are regulated by reputable financial authorities such as the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC). Regulation helps protect your funds and ensures the broker operates with transparency and fairness.
Security of Funds:
Check if the broker keeps client funds in segregated accounts separate from their own operating funds. This helps protect your funds in case of any financial difficulties or insolvency.
Trading Platform:
Evaluate the trading platforms offered by the broker. Consider factors such as ease of use, reliability, available features, charting tools, and mobile compatibility. A user-friendly and stable platform is crucial for effective trading.
Spreads and Fees:
Compare the spreads and fees charged by different brokers. Low spreads can be beneficial for scalping and day trading strategies. Be aware of any hidden fees or commissions that may affect your trading costs.
Leverage and Margin:
Understand the leverage and margin requirements offered by the broker. High leverage can amplify profits, but it also increases the risk of losses. Ensure the broker offers suitable leverage options for your trading style and risk tolerance.
Customer Support:
Consider the quality and availability of customer support. Look for brokers that offer responsive customer service through various channels like live chat, phone, and email.
Educational Resources:
Check if the broker provides educational resources such as tutorials, webinars, and trading guides. These resources can be valuable, especially for beginner traders.
Deposit and Withdrawal Options:
Evaluate the deposit and withdrawal methods offered by the broker. Ensure they support convenient and secure payment options that are accessible to you.
Reputation and Reviews:
Research the broker’s reputation and read reviews from other traders. This can provide insights into the broker’s reliability, customer service, and overall trading experience.
The Best Forex Brokers in Rwanda
This list covers the best FCA-regulated Forex brokers which accept Rwandan traders. Of these brokers, we have further identified the forex brokers that offer additional services and solutions to Rwandan traders.
The best low-spread Forex broker for Rwandan traders
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 considered a low-risk broker and can be summarised as a trustworthy and reliable market-making broker. Regarding spread and security, Exness guarantees fast trading speeds from a few milliseconds. In terms of users, Exness has over 204 000 registered clients in the UK.
The best cTrader Forex broker for Rwandan traders
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 108820 RWF
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FxPro is considered a low-risk broker and can be summarised as a trustworthy and reliable NDD broker. Regarding spread and security, FxPro guarantees fast trading speeds from a few milliseconds. In terms of users, FxPro has over 1.8 million registered clients around the world.
The best Forex broker for beginner traders in Rwanda
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXTM is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker. Regarding spread and security, FXTM guarantees fast trading speeds from a few milliseconds. In terms of users, FXTM has over 4 million registered clients around the world.
Best Forex broker with RWF accounts for Rwandan traders
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, HFM is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker. Regarding spread and security, HFM guarantees fast trading speeds from a few milliseconds. In terms of users, HFM has over 2.5 million registered clients around the world.
Best commission-free Forex broker for Rwandan traders
Overall Rating
- 4.5/5
Min Deposit
USD 10
Regulators
IFSC, CySec, ASIC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
55
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, XM is considered a low-risk broker and can be summarised as a trustworthy and reliable market-making broker. Regarding spread and security, XM guarantees fast trading speeds from a few milliseconds. In terms of users, XM has over 5 million registered clients around the world.
Best MT4 Forex broker for Rwandan traders
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
Overall, Tickmill is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker. Regarding spread and security, Tickmill guarantees fast trading speeds from a few milliseconds. In terms of users, Tickmill has over 38 000 registered clients in the UK.
Best Forex broker with no withdrawal fees for Rwandan traders
Overall Rating
- 4.9/5
Min Deposit
200 USD / 21 7071 RWF
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Pepperstone is considered a low-risk broker and can be summarised as a trustworthy and reliable agency execution broker. Regarding spread and security, Pepperstone guarantees fast trading speeds from a few milliseconds. In terms of users, Pepperstone has over 8000 registered clients in the UK.
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Frequently Asked Questions
What is the FCA?
The Financial Conduct Authority (FCA) is an independent body that oversees and regulates 58,000 UK financial service firms, including forex brokers. This means that when traders use a UK broker regulated by the FCA they can expect to be protected against different types of fraud and financial crimes.
What is the role of the FCA?
The FCA acts as a conduit and a prudential regulator with the entity adopting a market-based approach in its regulatory supervision of firms.
How does the FCA regulate and protect me?
The FCA has extensive powers, some of which go beyond and beyond those of its predecessor FSA. These include the power to create new product intervention rules, and the obstruction of contracts that the FCA deems essential to protect consumer interests or advance competitive goals by authorized entities.
How do I verify FCA authorization?
To identify if a forex broker is licensed to operate in the United Kingdom (UK), the first step is to identify the registration number from the disclosure text at the bottom of the broker’s UK homepage. This can then be checked on the official list of the FCA website.
Does the FCA work for the benefit of traders?
Yes, the FCA works to benefit traders by regulating and overseeing financial firms and markets in the UK. Its primary goal is to protect consumers and ensure the integrity and stability of the financial industry.
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