Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here
rwanda banner

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 Rwanda for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.7/5

User Score

#10

4.7/5

User Score

.
Updated : August 21, 2024

Best FCA Regulated Forex Brokers in Rwanda – Comparison

🥇 Broker✔️ FCA Regulated Broker?⚖️ Regulation🏛 CBN Regulation?💸 RWF Deposits Allowed?👉 Open An Account
1. ExnessYesFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCANoYes👉 Open Account
2. HFMYesFSCA, CySEC, DFSA, FSA, FCA, FSC, CMANoYes👉 Open Account
3. FXTMYesCySEC, FSCA, FCA, FSC MauritiusNoYes👉 Open Account
4. XMYesFSCA, IFSC, ASIC, CySEC, DFSANoYes👉 Open Account
5. TickmillYesASIC, FMA, FSCA, FCA, CySEC, FSA, MASNoNo👉 Open Account
6. PepperstoneYesASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBNoYes👉 Open Account
7. FxProYesFCA, CySEC, FSCA, DFSA, SCBNoNo👉 Open Account

7 Best FCA Regulated Forex Brokers in Rwanda (2024)

  1. Exness – Overall, the Best FCA Regulated broker in Rwanda
  2. HFM – Best RWF Account for Rwandans
  3. FXTM – Best Broker with Beginner Traders
  4. XM – Best Commission-Free Broker in Rwanda
  5. Tickmill – Best MT4 Broker
  6. Pepperstone – Best Broker with No Withdrawal Fees
  7. FxPro – Best cTrader Account for Rwandan

1. Exness

Overall Rating

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

Exness

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

FeatureInformation
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
📲 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
🏛 CBN Regulation?No
💻 Trading AccountsStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account
📱 Trading PlatformMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app
💸 Minimum Deposit 100,65 Franc
💵 Trading AssetsForex, Metals, Crypto, Energies, Indices, Stocks
💰 Rwandan Franc-based Account?Yes
💳 RWF Deposits Allowed?Yes
💸 Bonuses for Rwandan traders?Yes
📊 Minimum spreadFrom 0.0 pips EUR/USD
💻 Demo AccountYes
☪️ Islamic AccountYes

 

Pros and Cons

✔️ Pros❌ Cons
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutionsThere is a limited portfolio of financial instruments offered
Rwandan traders can choose between several retail investor accountsExness 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

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

 

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

FeatureInformation
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
📲 Social Media Platforms• Facebook
• Twitter
• Telegram
• Instagram
• YouTube
• LinkedIn
🏛 CBN Regulation?No
💻 Trading AccountsMicro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account
📱 Trading PlatformMetaTrader 4 and MetaTrader 5
💸 Minimum Deposit4,91 Franc
💵 Trading AssetsForex, 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 spreadFrom 0.0 pips
💻 Demo AccountYes
☪️ Islamic AccountYes

 

 

Pros and Cons

✔️ Pros❌ Cons
There are tight, competitive spreads from 0.0 pips on EUR/USDHFM 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

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

 

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

FeatureInformation
⚖️ RegulationCySEC, FSCA, FCA, FSC Mauritius
📲 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• Instagram
• YouTube
• Telegram
🏛 CBN Regulation?No
💻 Trading AccountsMicro Account, Advantage Account, Advantage Plus Account
📱 Trading PlatformMetaTrader 4, MetaTrader 5, FXTM Trader
💸 Minimum Deposit 24,55 Franc
💵 Trading AssetsPrecious 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 spreadFrom 0.0 pips
💻 Demo AccountYes
☪️ Islamic AccountYes

 

Pros and Cons

✔️ Pros❌ Cons
FXTM is a popular and multi-regulated trading providerThere 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

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

XM Group

 

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

FeatureInformation
⚖️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA
📲 Social Media Platforms• Facebook
• Twitter
• YouTube
• Instagram
• LinkedIn
🏛 CBN Regulation?No
💻 Trading AccountsMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
📱 Trading PlatformMetaTrader 4, MetaTrader 5, XM Mobile App
💸 Minimum Deposit 4,91 Franc
💵 Trading AssetsForex, 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 spreadFrom 0.0 pips
💻 Demo AccountYes
☪️ Islamic AccountYes

 

Pros and Cons

✔️ Pros❌ Cons
XM has more than 5 million active clients from around the worldInactivity fees apply
Client fund safety is guaranteed, and XM offers investor protection to Rwandan tradersThere 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

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

 

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

FeatureInformation
⚖️ RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
📲 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
• Instagram
• Telegram
🏛 CBN Regulation?No
💻 Trading AccountsPro Account, Classic Account, VIP Account
📱 Trading PlatformMetaTrader 4, MetaTrader 5
💸 Minimum Deposit 101,88 Franc
💵 Trading AssetsForex, 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 spreadFrom 0.0 pips
💻 Demo AccountYes
☪️ Islamic AccountYes

 

Pros and Cons

✔️ Pros❌ Cons
Tickmill offers robust trading platforms and innovative mobile tradingCurrency conversion fees will apply for Franc deposits
Tickmill has a very high trust score and is known for its competitive trading conditionsThere are no fixed spread accounts offered
There are several convenient funding options available including Skrill, Neteller, and othersThe spreads are not the tightest
Advanced traders can use a range of tools including FIX API, AutoChartist, VPS, and others

6. Pepperstone

Overall Rating

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

Pepperstone

 

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

FeatureInformation
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📲 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
🏛 CBN Regulation?No
💻 Trading AccountsStandard account, Razor Account, Professional Account,
📱 Trading PlatformMetaTrader 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 spreadFrom 0.0 pips
💻 Demo AccountYes
☪️ Islamic AccountYes

 

Pros and Cons

✔️ Pros❌ Cons
Tickmill offers robust trading platforms and innovative mobile tradingCurrency conversion fees will apply for Franc deposits
Tickmill has a very high trust score and is known for its competitive trading conditionsThere are no fixed spread accounts offered
There are several convenient funding options available including Skrill, Neteller, and othersThe spreads are not the tightest
Advanced traders can use a range of tools including FIX API, AutoChartist, VPS, and others

7. FxPro

Overall Rating

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

 

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

FeatureInformation
⚖️ RegulationFCA, CySEC, FSCA, DFSA, SCB
📲 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
• Instagram
• Telegram
🏛 CBN Regulation?No
💻 Trading AccountsMT4 Instant Account, MT4 Account (Market Execution), MT5 Account, cTrader Account, FxPro Edge Account
📱 Trading PlatformMetaTrader 4, MetaTrader 5 and cTrader
💸 Minimum Deposit 101760,18 Rwandan Franc
💵 Trading AssetsForex, cryptocurrencies, energies, stock CFDs, futures, indices, metals
💰 Rwandan Franc-based Account?No
💳 RWF Deposits Allowed?Yes
💸 Bonuses for Rwandan traders?No
📊 Minimum spreadFrom 0.3 pips
💻 Demo AccountYes
☪️ Islamic AccountYes

 

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

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

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

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

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

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

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

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

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

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

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.

You might also like: Best Low Minimum Deposit Brokers 

You might also like: Best Day Trading Apps 

You might also like: How to buy Bitcoin 

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.

10/10 - (1 vote)