9 Best High Leverage Forex Brokers in Rwanda

The 9 Best High Leverage Forex Brokers in Rwanda revealed. We tested and verified the best high-leverage brokers operating in Rwanda.

This is a complete list of high-leverage brokers in Kenya.

In this in-depth guide you’ll learn:

  • What are high-leverage, forex brokers?
  • Which Forex Brokers are best for beginner traders?
  • Which brokers offer 1:100, 1:3000, and 1:5000 leverages?
  • How to choose a forex broker – compare them against each other.
  • Which high-leverage broker offers the best RWF sign-up bonus?
  • Which broker offers a low minimum deposit of $5 (5 370 RWF) to first-time traders?
  • Which broker offers a mobile app to Rwanda traders?


And lots more…

So if you’re ready to go “all in” with the best-tested high-leverage forex brokers for Rwandans…

Let’s dive right in…

Updated : January 18, 2023

Best High Leverage Forex Brokers in Rwanda

💻 Broker📊 Maximum Leverage💵 Minimum Deposit💸 EUR/USD Margin👉 Open Account
1. HFM1:100018,500 UGX ($5)0.1%👉 Open Account
2. ExnessUnlimited37,000 UGX ($10)0.05%👉 Open Account
3. Alpari1:100018,500 UGX ($5)0.1%👉 Open Account
4. RoboForex1:200037,000 UGX ($10)0.05%👉 Open Account
5. XM1:100018,500 UGX ($5)0.1%👉 Open Account
6. SuperForex1:20003,700 UGX ($1)0.05%👉 Open Account
7. InstaForex1:10003,700 UGX ($1)0.1%👉 Open Account
8. AvaTrade1:400 (Pro)370,000 UGX ($100)0.25%👉 Open Account
9. FBS1:30003,700 UGX ($1)0.03%👉 Open Account

9 Best High Leverage Forex Brokers in Rwanda

  1. HFM – Overall, Best High Leverage Forex Broker in Rwanda
  2. Exness – Top Sign-Up Bonus Forex Broker
  3. Alpari – Best STP Forex Broker in Rwanda
  4. RoboForex – Verified MetaTrader 4/MT4 Forex Broker
  5. XM – Top NDD Forex Broker in Rwanda
  6. SuperForex – Best Volatility 75/VIX 75 Forex Broker
  7. InstaForex – Top Nasdaq100 Forex Broker in Rwanda
  8. AvaTrade – Verified Low Minimum Deposit Forex Broker
  9. FBS – Best Low Spread Forex Broker

What is Leverage in Forex Trading, and is it safe to use?

👉 Leverage in forex trading refers to using borrowed funds to raise the possible return on investment.

 

👉 For instance, a forex leverage example is as follows:

➡️ If a trader has $1,000 in their account and uses leverage to trade $100,000 in a currency pair, they will only need to put up a tiny portion of the transaction value as margin.

➡️ If the deal is successful, the trader will benefit from the full $100,000 trade value while only putting up a small portion of it.

 

👉 When utilized carefully, leverage in forex trading can be safe. However, it is vital to recognize that leverage can also raise potential losses. Thus, risk management measures should be used to prevent excessive losses.

 

👉 Furthermore, it is also critical to utilize just as much leverage as you are comfortable with and choose a reliable broker with suitable leverage levels.

1. 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

Broker Summary

👉 HFM is a broker specializing in multi-asset trading, including Forex and commodities using Contracts for Difference (CFDs). Established in 2010, HFM is regulated by various reputable market regulators and registers with regulatory entities worldwide.

 

👉 The broker offers unrestricted liquidity, allowing traders of all sizes to select from various spreads and liquidity providers using automated platforms and implement their chosen trading strategies.

 

👉 HFM is particularly active and influential in Africa, Asia, the Middle East, and North Africa (MENA) regions, providing global opportunities for traders.

 

👉 Rwandan traders can start trading with HFM with a low $5 minimum deposit on the Micro Account, giving them access to leverage up to 1:1000. Furthermore, all retail accounts are protected by negative balance protection, and HFM offers dedicated customer support.

 

High Leverage Broker Features

FeatureInformation
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions
⚖️ CBN Regulation?No
📊 Trading AccountsMT5/MT 4 Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5
💰 Minimum Deposit (₦)2,000 Rwandan Naira equivalent to $5
💰 Trading AssetsForex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
🔎 Rwandan Naira-based Account?No
💳 NGN Deposits Allowed?No
💰 Bonuses for Rwandan traders?Yes
📈 Minimum spread0.0 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedYes

 

Pros and Cons

✔️ Pros❌ Cons
HotForex is well-regulated by reputable market regulators around the globeThere are no variable spread accounts
There is a low minimum deposit requirementThere are limited funding options offered
HotForex welcomes Rwandan traders and offers a Naira-denominated account
There is a decent selection of educational materials and trading tools
There are several retail investor accounts to choose from

2. 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

Broker Summary

👉 Exness is a forex broker authorized by numerous authorities and has offices in various countries, including the UK, Seychelles, South Africa, the British Virgin Islands, and Curacao.

 

👉 The company partners with reputable businesses such as Nymstar Limited, Tortelo Limited, and Vlerizo (Pty) Limited to offer its services to customers.

 

👉 Rwandans who choose to trade with Exness will be introduced to a secure and straightforward trading environment, which includes both the MT4 and MT5 platforms.

 

👉 In addition, Rwandan customers can expect favourable trading conditions, including low spreads and the availability of ECN accounts.

 

High Leverage Broker Features

FeatureInformation
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
⚖️ 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 (₦)41,000 NGN (or equivalent to $10)
💰 Trading AssetsForex minor pairs, forex major pairs, forex exotic currency pairs, Metals, Crypto, Energies, Indices, Stocks
🔎 Rwandan Naira-based Account?No
💳 NGN Deposits Allowed?Yes
💰 Bonuses for Rwandan traders?Yes
📈 Minimum spread0.0 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedNo

 

Pros and Cons

✔️ Pros❌ Cons
Exness is a reputable international broker authorized by several reputable market regulatorsThere 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 accountsThere 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

3. Alpari

Overall Rating

Min Deposit

USD 100

Regulators

FSC

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Broker Summary

👉 Traders in Rwanda who register with Alpari’s FSC entity can use leverage up to 1:1000. Alpari has a low minimum deposit of $5, allowing even beginner traders to start trading across various financial markets.

 

👉 The company offers comprehensive copy trading through its proprietary app and supports the MetaTrader 4 and 5 platforms on multiple devices. Alpari also offers a selection of four accounts and one of the best rebates for its ECN Account option in the industry.

 

👉 Rwandan traders can take advantage of competitive spreads and the ability to have up to 250 open lots simultaneously. In addition, Alpari offers custom solutions for Rwandan traders based on their experience level, trading style, and selected strategy.

 

High Leverage Broker Features

FeatureInformation
⚖️ RegulationFinancial Services Commission Mauritius (FSC)
⚖️ CBN Regulation?No
📊 Trading AccountsForex Standard Account, Forex Micro Account, Forex ECN Account, Forex Pro Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5, Alpari Trading App
💰 Minimum Deposit (₦)1,000 Rwandan Naira or 5 EUR, USD, or GBP
💰 Trading AssetsForex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices
🔎 Rwandan Naira-based Account?Yes
💳 NGN Deposits Allowed?Yes
💰 Bonuses for Rwandan traders?Yes
📈 Minimum spread0.4 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedNo

 

Pros and Cons

✔️ Pros❌ Cons
Well-regulated and award-winning CFD brokerFixed spreads are not offered
Offers forex trading signals from AutoChartist and automatic tradingNot regulated by the Financial Conduct Authority, Cyprus Securities and Exchange Commission, or any other popular market regulators
MetaTrader 4 and MetaTrader 5 are supported across devicesThere is a limited selection of trading instruments, educational tools, and research
News is streamed from FxWireProThere are restrictions on several jurisdictions
A dedicated customer support team offers multilingual customer support
Offers unique solutions to both beginner and experienced traders
There are four retail investor accounts to choose from, demo accounts, and Islamic accounts
There are several convenient funding options to choose from and deposit fees are not charged

4. RoboForex

Overall Rating

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

Broker Summary

👉 RoboForex has been in operation for several years and offers Rwandan traders leverage up to 1:2000 when they register through its IFSC regulations. The broker has received numerous awards and has approximately 4.56 million clients in around 169 countries.

 

👉 All accounts offered by RoboForex, except the ECN account, have demo accounts available, allowing even inexperienced traders to test the platform risk-free before making a real money deposit.

 

👉 One benefit of registering with RoboForex is that Rwandan traders may be eligible for RoboForex rebates based on their trading volumes, even when using leverage.

 

High Leverage Broker Features

FeatureInformation
⚖️ RegulationIFSC
⚖️ CBN RegulationNo
✔️ Accepts Rwandan Traders?Yes
💳 Minimum deposit (NGN) 4,150 Rwandan Naira ($10)
Average spread from0.0 pips EUR/USD
📈 Maximum Leverage1:2000
👥 Customer Support 24/7

 

Pros and Cons

✔️ Pros❌ Cons
The broker offers more than 12,000 markets that can be tradedUS clients are not accepted
There are several flexible account types offeredThere are no fixed spread accounts
Trading education is offered to all traders
There are several powerful trading tools
The broker applies negative balance protection to all retail trading accounts

5. 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

Broker Summary

👉 XM Group is a MetaTrader-only broker that provides an exceptional assortment of premium instructional resources and market analysis. In addition, XM provides Rwandan traders access to over 1,230 CFDs across many asset classes.

 

👉 In addition to other in-house research tools and resources, Rwandans may anticipate AutoChartist and Trading Central.

 

👉 Furthermore, there is a broad range of instructional webinars, publications, and Tradepedia courses. Finally, XM provides traders with leverage up to 1000:1 and a useful margin calculator.

 

High Leverage Broker Features

FeatureInformation
⚖️ RegulationFSCA, IFSC
⚖️ CBN RegulationNo
✔️ Accepts Rwandan Traders?Yes
💳 Minimum deposit (NGN)2,000 Rwandan Naira ($5)
Average spread from0.0 pips EUR/USD
📈 Maximum Leverage1:888
👥 Customer Support 24/5

 

Pros and Cons

✔️ Pros❌ Cons
Negative balance protection is applied to retail investor accountsUS clients are restricted from accessing XM’s trading services
There are several secure payment methods to choose fromThere are no fixed spread accounts offered
The broker is known for low spreads, low commissions, and reliable trade execution speedsThere is an inactivity fee applied to dormant accounts
Traders can use hedging, scalping, and expert advisor trading strategies
The broker offers personal customer service to its clients

6. SuperForex

Overall Rating

Min Deposit

USD 1

Regulators

IFSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

300

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Broker Summary

👉 SuperForex was established in 2013 and is an STP and ECN broker based in Belize. SuperForex lets Rwandan traders participate in CFD and forex trading. Furthermore, traders can choose from 11 retail trading accounts with unique features and benefits.

 

👉 SuperForex requires a low minimum deposit of $1 / 1,000 RWF and provides traders leverage up to 1:2000, allowing them to start trading 400 financial instruments. SuperForex has over 150,000 clients worldwide, and traders can expect spreads from 0.0 pips.

 

High Leverage Broker Features

FeatureInformation
⚖️ RegulationIFSC
⚖️ CBN RegulationNo
✔️ Accepts Rwandan Traders?Yes
💳 Minimum deposit (NGN)400 Rwandan Naira ($1)
Average spread fromVariable spread
📈 Maximum Leverage1:1000
👥 Customer Support 24/5

 

Pros and Cons

✔️ Pros❌ Cons
SuperForex offers user-friendly trading softwareUS clients are restricted from registering with SuperForex
There is a low minimum deposit requirement
Traders have access to wide range of training resources
SuperForex offers a range of useful trading tools
There are social trading opportunities provided

7. InstaForex

Overall Rating

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

Broker Summary

👉 InstaForex is a global forex broker founded in 2007 and headquartered in Limassol, Cyprus. It provides its customers with access to trade through some of the largest counterparties in the world, using top-quality technical solutions developed by the best in the industry.

 

👉 With over 7 million active traders, InstaForex is a leader in the forex market. In addition to offering excellent trading conditions and a range of valuable services, InstaForex also emphasizes education and customer support, providing personalized assistance to each of its clients.

 

👉 Overall, the goal of InstaForex is to provide a comprehensive, fair, and transparent trading experience for all its users.

 

High Leverage Broker Features

FeatureInformation
⚖️ RegulationFSC, BVI, SIBA
⚖️ CBN RegulationNo
✔️ Accepts Rwandan Traders?Yes
💳 Minimum deposit (NGN)400 Rwandan Naira ($1)
Average spread from0.0 pips EUR/USD
📈 Maximum Leverage1:1000
👥 Customer Support24/7

 

Pros and Cons

✔️ Pros❌ Cons
The broker offers commission-free tradingThere are restrictions on leverage for European Union clients
MetaTrader 4 and 5 are both offered, available across devicesUS clients are not accepted
The broker is well-regulated and offers competitive trading conditions
There is a choice between retail investor accounts, each suited to different types of traders
There is a wide range of tradable assets offered

8. AvaTrade

Overall Rating

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

Broker Summary

👉 AvaTrade is a reliable choice for Rwandan retail clients seeking high-leverage options. The broker offers leverage of up to 1:400, depending on the trader’s location and asset class.

 

👉 For example, traders in certain regions may be subject to the standard 1:30 leverage limit, while those in jurisdictions without such limits are offered higher leverage ratios. Furthermore, professional clients can also be eligible for leverage ratios of up to 1:400.

 

👉 In addition to providing leverage, AvaTrade is a CFD broker that offers access to various financial instruments, including stocks, indices, cryptocurrencies, and commodities.

 

👉 The minimum first-time deposit required to open an account is $100, and registered Rwandan users can also access demo accounts funded with 100,000 USD in virtual funds.

 

High Leverage Broker Features

FeatureInformation
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA
⚖️ CBN Regulation?No
📊 Trading AccountsRetail Investor Account, Professional Account Option
📊 Trading PlatformAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💰 Minimum Deposit (₦)41,000 Rwandan Naira equivalent to $100
💰 Trading AssetsForeign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals
🔎 Rwandan Naira-based Account?No
💳 NGN Deposits Allowed?No
💰 Bonuses for Rwandan traders?Yes
📈 Minimum spread0.9 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedYes

 

Pros and Cons

✔️ Pros ❌ Cons
AvaTrade is multi-regulated and one of the most trusted online trading brokers in the worldVariable spreads are not offered
There is a wide range of financial instruments that can be traded across financial marketsThere is a limited choice between account types
There are several technical indicators, economic indicators, and other solutions for advanced tradersInactivity fees are applied
There are several trading platforms to choose fromCurrency 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 toThere 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.

9. FBS

Overall Rating

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

Broker Summary

👉 FBS is a high-leverage broker suitable for traders with higher risk tolerance. It offers a maximum leverage of 1:3000, allowing traders to enter a position of up to $300,000 with a minimum deposit of $100 on standard and zero-spread accounts.

 

👉 Standard accounts have a minimum deposit requirement of $100 and offer spreads starting at 0.5 pips with no commission. Zero-spread accounts allow for trading with spreads starting at 0 pips but charge a commission of $20 per lot.

 

👉 In addition to these account types, FBS also offers ECN accounts with a maximum leverage limit of 1:500. The broker provides a wide range of asset classes, including Forex, metals, indices, energies, stocks, and crypto, and supports various platforms such as MT4, MT5, and the FBS Trader.

 

High Leverage Broker Features

FeatureInformation
⚖️ RegulationIFSC, CySEC
⚖️ CBN RegulationNo
✔️ Accepts Rwandan Traders?Yes
💳 Minimum deposit (NGN)400 Rwandan Naira ($1)
Average spread from0.0 pips EUR/USD
📈 Maximum Leverage1:3000
👥 Customer Support 24/7

 

Pros and Cons

✔️ Pros❌ Cons
FBS offers competitive trading conditions with some of the lowest spreadsThere are wide spreads charges on some accounts
There are several account types to choose fromThere is a limited number of tradable instruments
There are many social trading opportunitiesThere are several regional restrictions applied
There is an ultra-low minimum deposit requirement
The broker is well-regulated and trusted

How to Choose the Right High Leverage Broker in Rwanda

How to Choose the Right CFD Broker in Rwanda

👉 It is necessary to choose a trustworthy CFD broker before beginning to trade products like the VIX 75. Brokers connect investors with exchanges where they may purchase and sell currencies.

 

👉 Rwandan traders must evaluate the following components of a CFD broker to decide whether the broker is suited to their unique trading objectives and needs.

 

Regulation

👉 Ensuring that you only use the services of a well-regulated broker is a crucial factor when you choose a CFD broker that offers VIX 75. Regulation ensures that the broker will ensure client fund security and that disputes will be managed effectively.

 

👉 Furthermore, regulation ensures that client funds are only used for trading activities and that the broker can fulfil its financial obligations towards its clients.

 

Trading Platform

👉 Traders in Rwanda should put money into a trading platform they feel confident using. Before registering a live trading account with a CFD broker, be sure the trading platform meets your needs.

 

Leverage Ratios

👉 The CFD market is often leveraged to allow traders to open larger positions with less capital. However, to effectively manage a trading position and account, it is crucial to understand your leverage limit.

 

👉 Your broker should offer flexible leverage, allowing you to choose a ratio according to your trading strategy and risk tolerance.

 

The ability to use Scalping Strategies

👉 If you are interested in high-frequency CFD day trading, ensure that trading styles are not restricted. For example, a broker who engages in scalping has no minimum time requirement between the market price, the stop-loss, and the take-profit.

 

Custom Trading Tools

👉 Brokers that care about their clients should provide them with helpful services. These aids are designed to make it easier for Forex and CFD traders to maximize their profits.

 

Trader Education

👉 Most CFD brokers provide their clients with educational materials and opportunities to attend seminars. However, for new traders, familiarity with the jargon is crucial. Therefore, choosing a broker that also offers educational resources is best.

 

Trade Execution Quality

👉 When searching for a broker, it is important to choose one that can guarantee your orders will be executed at the exact price you specify.

 

Spreads and Fees

👉 Selecting a broker with the tightest Volatility 75 spreads is usually the best strategy. While important, this element alone should not be used to decide; rather, it should be weighed with all other factors.

 

The Type of Trading Accounts offered

👉 A good CFD broker will provide a few account options, each with unique benefits. For example, more safety, more leverage, risk management, narrow spread, etc., are all advantages that might accrue.

The Best Forex Brokers in Rwanda

👉 In this article, we have listed the best brokers that offer forex and CFD trading to Rwandan traders. In addition, we have further identified the brokers that offer additional services and solutions to Rwandan traders.

 

Best MetaTrader 4 / MT4 Forex Broker in Rwanda

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 the best MT4 forex broker in Rwanda. In addition, HFM is the most recommended MT4 broker for Rwandan traders since it allows traders to manage several accounts from a single platform.

 

👉 Over 1,000 CFD instruments are offered to Rwandans on any MT4 mobile, browser, or desktop application, allowing traders to integrate their HFM accounts across platforms seamlessly.

 

Best MetaTrader 5 / MT5 Forex Broker in Rwanda

Overall Rating

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 MetaTrader 5 forex broker in Rwanda. RoboForex is a multi-asset and versatile MT5 broker with a low minimum deposit of 10 USD / 10,000 RWF.

 

👉 Rwandans can trade various markets with leverage of up to 1:3000 using a RoboForex account and MetaTrader 5 on multiple devices.

 

Best Forex Broker for beginners in Rwanda

Overall Rating

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.

👉 Overall, eToro is the best forex broker for beginners in Rwanda. eToro is ideal for beginners due to the availability of a demo account, educational materials, and user-friendly copy trading options.

 

👉 Furthermore, since eToro charges fixed spreads and no commission fees, inexperienced traders may easily calculate their trading costs.

 

Best ECN Forex Broker in Rwanda

Overall Rating

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 forex broker in Rwanda. IC Markets is the leading ECN broker that offers VIX 75 to Rwandan traders. IC Markets aggregates prices from 25 major liquidity providers, ensuring zero-pip spreads on key instruments for Rwandans.

 

Best Islamic / Swap-Free Forex Broker in Rwanda

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 the best Islamic / Swap-Free forex broker in Rwanda. Each of Exness’ retail account choices includes an Islamic account. Exness provides Rwandan traders with unlimited leverage and an UGX-denominated account.

 

Best Forex Trading App 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 the best forex trading app in Rwanda. Registration for a micro account with FXTM Trader is quick and simple for Rwandans interested in trading Forex, commodities, metals, equities, and indices.

 

👉 Rwandans can easily deposit and withdraw money using the app and the MyFXTM dashboard.

 

Best Lowest Spread Forex Broker in Rwanda

Overall Rating

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 lowest-spread forex broker in Rwanda. In terms of low spreads, FBS is among the best brokers. Spreads on popular instruments such as EUR/USD start at -0.1 pips on FBS’ ECN account.

 

Best Nasdaq 100 Forex Broker in Rwanda

Overall Rating

Min Deposit

10 USD/10 235 RWF

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView

Crypto

Yes

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Pepperstone is the best Nasdaq 100 forex broker in Rwanda. In addition, Pepperstone’s Razor Account charges some of the lowest spreads on important instruments such as EUR/USD, Nasdaq, and others.

 

👉 Pepperstone offers various trading platforms to Rwandans, and the broker caters to newcomers by providing comprehensive educational tools and information.

 

Best Volatility 75 / VIX 75 Forex Broker in Rwanda

Overall Rating

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 Rwanda’s best Volatility 75 / VIX 75 forex broker. Rwandans trading VIX 75 with AvaTrade can anticipate competitive fixed spreads, zero commission costs, and some of the greatest trading and analytical tools to guide their trading selections.

 

Best NDD Forex Broker in Rwanda

Overall Rating

Min Deposit

USD 1

Regulators

IFSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

300

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, SuperForex is the best NDD forex broker in Rwanda. SuperForex is a multi-asset broker that offers Rwandans 11 retail accounts. As a result, Rwandans can easily trade 400 instruments on ECN and STP accounts, with up to 1:2000 leverage on main instruments.

 

Best STP Forex Broker in Rwanda

Overall Rating

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 STP forex broker in Rwanda. Based on its execution scorecard and high trust score, FOREX.com is regarded as one of the finest STP brokers. Furthermore, FOREX.com provides some of the most competitive spreads from prominent liquidity providers.

 

Best Sign-up Bonus Broker in Rwanda

Overall Rating

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 sign-up bonus broker in Rwanda. Rwandans who open an account with InstaForex will get a $1,000 no-deposit incentive, which they can use to study the broker’s website and platforms, and perfect their trading methods.

Conclusion

👉 Certain forex brokers provide more leverage than others. Leverage ratios might vary depending on the broker and the particular restrictions under which they operate.

 

👉 For instance, some brokers may give up to 1:500 leverage (and higher). In contrast, others offer up to 1:30. It is essential to carefully examine the proper degree of leverage for your trading style and risk tolerance.

 

👉 Moreover, Rwandans should not pick a forex broker purely based on the maximum possible leverage since high leverage may raise both the danger of losses and the opportunity for rewards.

 

👉 When picking a broker, evaluating other variables such as regulation, reputation, trading conditions, and customer service is more crucial.

FAQ

What is high broker leverage?

Using borrowed cash to raise the size of a transaction or investment is referred to as high leverage. In the context of forex trading, high leverage enables a trader to hold a huge position with little cash.

 

Is there an unlimited leverage forex broker in Rwanda?

Exness is an unlimited leverage forex broker that offers its services to Rwandan traders.

Do you get 1:5000 leverage brokers in Rwanda?

There are a few brokers who provide leverage up to 1:5000 in Rwanda. However, ratios of this level are considered extremely high and might not be available in all countries due to regulatory restrictions.

 

What are the risks involved in using high-leverage forex brokers in Rwanda?

As traders can handle huge positions with little cash, the use of heavy leverage may raise the danger of substantial losses.

This is particularly perilous if the trader lacks expertise or a basic grasp of risk management. Before using large leverage, traders must comprehend the associated hazards and assess their risk aversion.

 

Is it legal to use high-leverage forex brokers in Rwanda?

Yes, it is legal in Rwanda to utilize high-leverage forex brokers. Nonetheless, the Rwandan government has enacted laws to safeguard investors and preserve the integrity of the financial markets.

 

Are there alternatives to high-leverage forex brokers in Rwanda?

There are alternatives to high-leverage forex brokers in Rwanda, such as brokers with lesser leverage or none.

These alternatives may be appropriate for traders with a minimal risk tolerance or limited trading money. Before determining which broker is suitable for you, assessing your risk tolerance and trading objectives is essential.

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