10 Best Low Minimum Deposit Brokers in Rwanda
The 10 Best Low Minimum Deposit Forex Brokers in Rwanda revealed. We tested and verified the best Low Minimum Deposit forex brokers for Rwanda Traders.
This is a complete list of Low Minimum deposits in Rwanda.
In this in-depth guide you’ll learn:
- What is a Low Minimum Deposit?
- Who are the best low minimum deposit forex brokers for Rwandans?
- Which NASDAQ Forex brokers offer a low minimum deposit?
- How to choose a forex broker – Compare them side by side by starting capital, best scalping conditions, and best mobile apps.
- Which brokers offer no minimum deposit?
- Which brokers offer a signup bonus on their low minimum deposit?
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
. 
- Louis Schoeman
Best Low Minimum Deposit Brokers in Rwanda (Updated 2024)
- FXOpen – Overall, Best Low Minimum Deposit Broker in Rwanda
- XM – Top Sign-Up Bonus Broker
- TD Ameritrade – Best STP Forex Broker in Rwanda
- Exness – Top NDD Forex Broker
- Fidelity Investments – Verified Volatility 75/VIX 75 Forex Broker
- JustMarkets – Top Nasdaq100 Forex Broker in Rwanda
- SuperForex – Best Lowest Spread Forex Broker
- Admirals – Top Mobile Trading App Broker
- HFM – Best Islamic Swap-Free Forex Broker
- OANDA – Top ECN Forex Broker Low Minimum Deposit Broker
How much do I need to start trading Forex in Rwanda?
Because the foreign exchange (Forex) market is one of the most accessible financial markets, it is simple to begin day trading currencies.
Some forex brokers need just a $50 / 49,80 RWF initial investment to create an account. In contrast, others enable you to register an account with no initial deposit.
If you need to start quickly, you could start with 1 USD / 979,64 RWF. At the same time, a $500 / 497,98 RWF minimum deposit increases flexibility that could result in slightly higher income or returns.
However, $5,000 / 4898,21 RWF is often the ideal option since it could allow you to generate a significant quantity of cash to compensate for the time you spend trading.
Set quantities will not assist you in determining the bare minimum necessary for your trading ambitions, living circumstances, or risk tolerance.
You should know the hazards associated with forex trading and how to manage them, especially if you want to start trading with lower capital, such as 1, 10, or 50 USD. If you start with smaller capital, you will need to use high leverage to open positions, and this is extremely risky.
Furthermore, the fees associated with trading Forex in Rwanda influence a smaller account. On the other hand, a bigger account is less impacted and has the advantage of taking greater positions to maximize the advantages of day trading.
A tiny account cannot, by definition, conduct such massive transactions. Moreover, even taking on a bigger position than the account can handle is dangerous owing to margin calls.
1. FXOpen
Overview
FXOpen is a forex broker established in 2005 that offers CFDs on commodities, indices, equities, and cryptocurrencies.
FXOpen gives its clients access to the interbank market, where the counterparty to client transactions is a liquidity provider like a bank, fund, or other traders, thanks to the ECN model of order execution.
There are several financial markets and trading accounts available on FXOpen. FXOpen makes trading simple and risk-free.
Unique Features
| Feature | Value |
| 💸 Minimum Deposit | 977,48 RWF/ 1 USD |
| 💵 Maximum Deposit | None |
| 💻 Account Base Currencies | • Micro – 3,000 USD • STP – None • ECN – None • Crypto – None |
| 📈 Max Leverage Ratio | • Crypto – 1:3 • All other accounts – 1:500 |
| ✔️ RWF Deposits Allowed? | No |
| ✅ Offers a RWF-denominated Account? | No |
| 📉 Negative Balance Protection? | No |
| 📞 Margin Call | From 20% – 100% |
| 🛑 Stop-Out | From 10% – 50% |
| 📊 Minimum Trade Size | 0.01 lots (1,000 units of the base currency) |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| FXOpen is a well-regulated broker that offers transparent trading conditions. | Withdrawal fees apply. |
| Rwandan can register an account with a 1 USD / 120 minimum deposit. | FXOpen does not provide Rwandan with negative balance protection. |
| An unlimited demo account can be used for practice trading and strategy testing. | Restrictions apply to the type of accounts and access to certain financial instruments. |
| Rwandan can expect ECN execution on trades. |
2. 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
The XM Group has been a network of authorized brokers operating in cyberspace since 2009. In 2015, Trading Point of Financial Instruments Pty Ltd began operating as a service provider.
In the brokers and trading service providers industry, XM is among the best regulated for several reasons. One way for Rwandans to test out the XM broker is through a demo account for its trading platforms and services.
XM is a marketplace where many online traders may access brokerage services. XM’s goal is to help its clients make money via trading; thus, it provides them with a wide range of trading platforms, tools, and services.
Furthermore, when Rwandans use XM, each client’s needs are considered to ensure they can receive tailor-made trading solutions and services.
Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Rwanda Traders? | Yes |
| 💳 Minimum deposit (RWF) | 16,29 Rwandan Franc ($5) |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:888 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Negative balance protection is applied to retail investor accounts | US clients are restricted from accessing XM’s trading services |
| There are several secure payment methods to choose from | There are no fixed spread accounts offered |
| The broker is known for low spreads, low commissions, and reliable trade execution speeds | There 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 |
3. TD Ameritrade
Overall Rating
- 4.7/5
Min Deposit
$0
Regulators
SEC, FINRA, CFTC, MAS
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Because of its remarkable features, TD Ameritrade is a top online broker and option for Rwandans who start investing small amounts.
TD Ameritrade’s history dates to the 1970s, despite its image as an internet broker.
TD Ameritrade caters to novice and experienced investors, especially those looking for a full-featured online broker with great education and research.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FINRA, CFTC, SEC, SFC |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | Standard Accounts, Retirement Accounts, Education Accounts, Speciality Accounts, Managed Profiles, Margin Trading Accounts |
| 📊 Trading Platform | TD Ameritrade, thinkorswim |
| 💰 Minimum Deposit | 3258,28 RWF |
| ✅ Trading Assets | Stocks, Options, ETFs, Mutual Funds, Futures, Forex, Bonds, Fixed Income, Annuities, IPOs, CDs, Cryptocurrency Trading |
| ✔️ Rwandan Franc-based Account? | No |
| 💰 RWF Deposits Allowed? | No |
| 💵 Rwandan Franc Deposits Allowed? | No, only USD, GBP, EUR, and AUD |
| ✔️ RWF Deposits Allowed? | No |
| 📉 Minimum spread | None |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| TD Ameritrade is extremely well regulated by some of the strictest market regulators | There are no fractional shares offered |
| There are extensive investment selections offered and a range of accounts | The margin rates are very high |
| There is no minimum deposit requirement when Rwandan register a trading account | There are high account fees |
| There are several guides and trading tools offered | There is no RWF-denominated account and local deposit/withdrawal methods are not offered |
| TD Ameritrade offers powerful proprietary trading platforms | |
| Crypto trading is offered and there is a demo account provided |
4. 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
Exness is a well-known global broker that offers 5 different trading accounts, including one of the most affordable Cent Accounts on the market today.
Exness is a trustworthy broker that has been given a license to operate by several global authorities. Furthermore, Exness provides negative balance protection to all its clients, which implies that traders cannot suffer losses bigger than the amount they originally invested.
Unique Features
| Feature | Information |
| 📈 Account Base Currencies | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 📊 Minimum Spread | 0.0 pips EUR/USD |
| 💳 Rwandan Deposits/Withdrawals | Yes |
| ⚖️ CBN Regulation | No |
| 📊 Account Types | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📈 Leverage | Unlimited |
| 📊 Micro Account Offered? | No |
| 📈 Trading Tools | Analytical tools, Trading calculators, currency converter, tick history, economic calendar |
| 💻 Educational Material | None |
| 👥 Rwandan-Based Customer Support | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness has a global presence and has authorization and regulation with market regulators around the globe | There is a limited selection of tradable instruments and only a few asset classes |
| Exness offers instant withdrawals and deposits | There are only a few funding options offered |
| Rwandan traders have a choice between several dynamic account types | |
| Client fund safety is guaranteed and there is investor protection offered | |
| Exness offers 24/7 customer support that is both prompt and helpful | |
| There are tight and variable spreads offered with competitive commissions |
5. Fidelity Investments
Overall Rating
- 4.7/5
Min Deposit
$0 / 0 RWF
Regulators
SEC, FINRA
Trading Desk
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Fidelity Investments is one of the best options for Rwandans because of the many resources it offers to investors. Furthermore, due to its enormous collection of instructional resources, Fidelity is an excellent choice for both seasoned traders and beginner investors.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FINRA, SEC |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | Brokerage Account, Cash Management Account, Brokerage and Cash Management, The Fidelity Account for Businesses, Fidelity Go, Fidelity Personalized Planning and Advice, Portfolio Advisory Services Accounts, Fidelity Tax-Managed US Equity Index Strategy, Fidelity Equity-Income Strategy, Fidelity International Equity Strategy, Fidelity Tax-Managed International Equity Index Strategy, Fidelity US Large-Cap Equity Strategy, Fidelity Core Bond Strategy, Fidelity Intermediate Municipal Strategy, Breckinridge Intermediate Municipal Strategy |
| 📊 Trading Platform | Active Trader Pro, Fidelity Mobile |
| 💰 Minimum Deposit | 896,03 RWF or an equivalent to $1 |
| ✅ Trading Assets | Shares, Commodities, Exchange-Traded Funds (ETFs), Mutual Funds, Investment Funds, Options, Futures, Bonds, Annuities, Fractional Shares, CDs, Fixed Income, IRAs and Retirement, Initial Public Offerings (IPOs) |
| ✔️ Rwandan Franc-based Account? | No |
| 💰 RWF Deposits Allowed? | No |
| 💵 Rwandan Franc Deposits Allowed? | No, only USD, GBP, EUR, and AUD |
| ✔️ RWF Deposits Allowed? | No |
| 📉 Minimum spread | None |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fidelity Investments is well-regulated and has a good trust score | MetaTrader platforms are not supported |
| Member of the FDIC and the Securities Investor Protection Corporation (SIPC) | There is no Forex, CFD, or crypto trading offered |
| There is a wide range of investment options offered across several financial markets | There are limited funding options |
| There are several account types to choose from, each suiting different investors and traders | The account opening process can be time-consuming |
| There are many advanced trading tools offered on the website, trading platform, and mobile app | To get the best account benefits, traders must make larger deposits |
| Powerful proprietary trading platform offered | Management fees and a contract fee applied |
| Competitive trading conditions for cost-effective trading and investing | |
| Offers advanced research options and some educational material |
6. JustMarkets
Overall Rating
- 4.4/5
Min Deposit
USD1
Regulators
FSA, CySec
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
JustMarkets, previously known as JustForex, is a broker dealing in many assets. The JustMarkets Cent Account is perfect for new traders, with a minimum deposit of only USD 1, and spreads as low as 1.00 pips (EUR/USD) on the MetaTrader 4 and MetaTrader 5 trading platforms.
When compared to other brokers, JustMarkets’ trading fees are standard. Standard Accounts have greater recurring fees than some other brokers, but their required initial deposits are far lower.
While the initial deposit requirements for Pro Accounts are greater than those for novices, the continuing trading charges are lower than normal.
Unique Features
| Feature | Value |
| 💸 Minimum Deposit | 977,48 RWF / 1 USD |
| 💵 Maximum Deposit | None |
| 💻 Account Base Currencies | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Max Leverage Ratio | 1:3000 |
| ✔️ RWF Deposits Allowed? | Yes |
| ✅ Offers a RWF-denominated Account? | No |
| 📉 Negative Balance Protection? | Yes |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Minimum Trade Size | 0.01 lots (1,000 units of the base currency) |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| JustMarkets offers a huge range of deposit methods and withdrawal options including bank wire transfers, bank transfers, Skrill, Neteller, and more | There is a limited choice of trading instruments |
| Demo trading and Islamic Swap-Free Accounts are offered | Inactivity Fees may apply after following several days of dormancy |
| JustMarkets offers mobile trading through powerful mobile trading apps | The broker does not have regulation through a reputable and trusted regulatory body |
| JustMarkets offers competitive cryptocurrency spreads across crypto pairs including Bitcoin, Ethereum, and others | |
| JustMarkets’ non-trading fees are reasonable | |
| The broker offers a risk warning, training webinars, an array of articles and education for inexperienced traders | |
| There is a wide choice between different types of accounts and excellent trading conditions | |
| One-click trading is offered in addition to insights to help Rwanda traders make better trading decisions | |
| Real-time market analysis is offered alongside analysis tools and several other additional tools | |
| Client funds are kept in segregated bank accounts | |
| There are several research and resources that can help traders make improved independent investment decisions | |
| JustMarkets’ account-opening process is quick and easy | |
| JustMarkets offers several innovative features including a range of services | |
| There are several trading account currencies to choose from | |
| There is no fee for withdrawals |
7. SuperForex
Overall Rating
- 4.5/5
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
Overview
SuperForex was created in 2013 to normalize the use of foreign money in everyday life. The company originated in Belize but now has offices worldwide and is a broker.
SuperForex provides its customers with the MetaTrader 4 (MT4) trading platform, which may be used locally on desktop computers or online using any modern web browser. In addition, there is excellent video training available to help you make the most of your time trading using MT4.
Rwandans should know that ECN accounts are more competitive due to direct market execution and changeable spreads starting at 0.0 pips EUR/USD.
Features
| Feature | Information |
| ⚖️ Regulation | IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Rwandan Traders? | Yes |
| 💳 Minimum deposit (RWF) | 944,90 Rwandan Franc ($1) |
| Average spread from | Variable spread |
| 📈 Maximum Leverage | 1:1000 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| SuperForex offers user-friendly trading software | US 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 |
8. Admirals
Overall Rating
- 4.1/5
Min Deposit
$1 / 1119 RWF
Regulators
FCA, ASIC, CySEC, EFSA, JSC
Trading Desk
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Crypto
Yes
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Admirals have been operating since 2001 and are a reputable broker that offers access to several platforms, including MT4, MT5, and MetaTrader Supreme. Rwandans can trade various instruments across forex, commodities, indices, metals, and more.
Several financial watchdogs regulate admirals worldwide because of their worldwide presence. In addition, Admirals provides unrivaled forex and CFD trading service backed by over two decades of industry expertise.
Admirals make no compromises when it comes to the instructional information it offers to its subscribers. Admirals also provides various analytical tools to its users, including Trading Central, Market Heat Maps, and Volatility Protection.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | 228,08 RWF or an equivalent to $250 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Currencies – 40 • Metal CFDs – 5 • Energy CFDs – 3 • Agriculture CFDs – 7 • Index Futures CFDs – 24 • Commodity Futures – 11 • Cash Index CFDs – 19 • Stock CFDs – over 3,350 • ETF CFDs – over 300 Bonds CFDs – 2 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📈 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 💻 Average Spread | From 0.5 pips on major pairs |
| 💸 Commissions charged on trades | • $0.02 per share on individual shares and ETF CFDs • Zero commissions on other tradable instrument |
| ✔️ Tick Size on Forex | 0.00001 |
| 📊 Trade Execution Type | Market |
| 📉 Minimum Position Size | 0.01 lots |
| 📈 Maximum Position Size | 100 standard lots |
| 📊 Maximum Open and Pending Orders | 500 standard lots |
| 🛑 Stop-Out Level | 50% |
| 📊 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | Yes |
| ✔️ One-Click Trading | Yes |
| 💰 Volatility Protection | Yes |
| 📊 Market Depth | Yes |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| ✔️ Access to Trading Central? | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Admirals is extremely well-regulated across the globe | An inactivity fee is charged, and currency conversion fees may apply for deposits made in RWF |
| A commission-free trading account is provided | There are withdrawal fees charged |
| There are several asset classes to choose from | There are additional admin fees applied to the Islamic account |
| Admirals is one of a few brokers who offer MetaTrader Supreme | Only one account type can be converted into an Islamic account |
| There are premium analytics and a plethora of educational materials and resources | |
| Admirals offers a choice between 6 retail trading accounts | |
| Admirals is known for its competitive trading conditions and safe trading environment | |
| Admirals welcomes Rwandan traders despite their trading styles or experience |
9. 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 multi-asset Forex broker that has been in business since 2010 and provides Forex and Commodities trading. HFM has a great reputation in the Rwandan Forex trading community, and the CMA and other agencies strictly regulate it.
HFM provides four account types, more than most other brokers. The Micro Account’s minimal minimum deposit of 610 RWF makes it suited for novices. At the same time, the Zero Spread Account is designed for more experienced traders.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | MT5/MT 4 Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 📊 Trading Platform | MetaTrader 4, MetaTrader 5 |
| 💰 Minimum Deposit | 16,29 Rwandan Franc equivalent to $5 |
| 💰 Trading Assets | Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 🔎 Rwandan Franc-based Account? | No |
| 💳 RWF Deposits Allowed? | No |
| 💰 Bonuses for Rwandan traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated in several global regions | There are no variable spread accounts |
| Offers some of the lowest spreads in the forex market on major currency pairs | There is a limited selection of funding options and withdrawal methods. |
| There are several account types to choose from | |
| HotForex accommodates all types of traders despite their trading strategies | |
| Low minimum deposit requirement | |
| Beginner traders and professional investors are both welcome | |
| Educational tools, advanced trading tools, and several other comprehensive solutions are offered | |
| There is a comprehensive market analysis offered | |
| Technical analysis and fundamental analysis offered |
10. OANDA
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
Metatrader 4 and Metatrader 5
Crypto
Yes
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
OANDA is regulated globally and is a safe broker for Rwandans based on its strict regulation in the US. In addition, OANDA offers several financial markets that can be traded using powerful platforms such as MT4, MT5, and the OANDA platform.
OANDA provides its clients access to a plethora of tools and resources, from Dow Jones Select News, calculators, FxTrade, TradingView, and more. In addition, traders can also expect access to educational resources, data analytics, and real-time news.
Unique Features
| Account Feature | Value |
| ✔️ Full Account Verification Needed? | No, not for account deposits under 30,57 RWF |
| 📈 Average Spreads | Variable, from 1 pip |
| 🔎Commissions (Per 1 mil traded) | None |
| 📈 Maximum Leverage | 1:200 |
| ✴️ Minimum lot size | 0.01 lots |
| 📊 Instruments | 81 |
| 🔎Stop-Out | 50% |
| 🌐 One-Click Trading offered? | Yes |
| 📈 Strategies allowed | All |
| 📊 Base Account Currency | USD, EUR, HKD, SGD |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There is a choice between different account types | There is an inactivity fee that is applied |
| OANDA is well-regulated in several regions around the globe | There is no RWF-denominated account offered to Rwandan traders |
| There are advanced trading tools that are offered | There are no local deposit or withdrawal methods for Rwandan traders |
| There is no specific minimum deposit required | |
| There are trading guides offered to beginners | |
| There are trusted funding methods offered | |
| The spreads offered by OANDA are competitive | |
| There is a range of educational materials and advanced trading tools | |
| There are flexible and powerful trading platforms offered |
How to Choose the Right Forex Broker in Rwandan
Reputation:
Research the broker’s reputation in the industry. Look for reviews and feedback from other traders to get an idea of their experiences with the broker.
Account Types:
Check if the broker offers account types that suit your trading preferences, such as standard accounts, Islamic accounts, or demo accounts for the practice.
Deposit and Withdrawal Methods:
Consider the available deposit and withdrawal methods offered by the broker. Check for convenience, security, and any associated fees.
Local Support:
If you prefer local support, consider brokers that have a physical presence or local representatives in Rwanda. This can provide added convenience and support in your preferred language.
By carefully considering these factors and conducting thorough research, you can choose a forex broker in Rwanda that aligns with your trading needs, preferences, and financial goals.
The Best Forex Brokers in Rwanda
In this article, we have listed the best Forex Platforms in Rwanda that offer trading platforms in Rwanda. We have further identified some forex brokers that offer additional services and solutions to Rwandan traders.
Best MetaTrader 4 / MT4 trading platform broker in Rwanda
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Exness is the best MetaTrader 4 / MT4 trading platform in Rwanda. Exness has offices in Cyprus, the United Kingdom, Seychelles, South Africa, the British Virgin Islands, and Curaçao.
Exness provides several benefits such as low commissions, instantaneous order execution, and the opportunity to withdraw money immediately via various instant withdrawal alternatives.
Best MetaTrader 5 / MT5 Forex Platform broker in Rwanda
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 RWF
Regulators
CMA, CySEC, FSC, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5, HFM Trading App
Crypto
No
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, HF Markets is the best MetaTrader 5 / MT5 trading platform in Rwanda. HF Markets was previously known as HotForex. It offers a variety of pricing alternatives and account types. HF Markets has competitive fees and spreads that average 0.1 for the EUR/USD currency pair.
Best Forex platform for beginners in Rwanda
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 the best trading platform for beginners in Rwanda. Tickmill is a reputable and trustworthy forex and CFD broker. Tickmill is regulated by top-tier regulators like FSCA (South Africa), FCA (UK), and CySEC.
Tickmill offers instant Internet banking deposit methods and quick bank transfer withdrawals.
Best Minimum Deposit Forex platform in Rwanda
Overall Rating
- 4.7/5
Min Deposit
1 USD / 1 020 RWF
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
250
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 / 142 877 RWF
Account Activation Time
Instant
Overall, FBS is the best trading platform for the lowest minimum deposit in Rwanda. FBS is in operation since 2009 and has evolved to become a large, reputable international forex and CFD broker. FBS offers competitive trading conditions, a range of accounts, advanced trading tools, and several other advantages to Rwandan traders.
Best ECN Forex platform in Rwanda
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
Metatrader 4 and Metatrader 5
Crypto
Yes
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Oanda is the best ECN platform in Rwanda. Oanda gives customers access to a variety of financial products for seasoned investors.
Oanda offers quick and reliable transaction execution. Oanda’s research resources are superior to industry standards. Its user interfaces are easy to understand and it has a good track record of regulatory oversight.
Best Islamic / Swap-Free Forex platform 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
Overall, BD Swiss is the best Islamic Forex Broker in Rwanda. BD Swiss is a well-regulated and reputable broker with a large international clientele. BD Swiss offers a wide range of products for trading. BD Swiss also offers trading in many cryptocurrencies.
Best trading platform Forex Trading App 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
Overall, OctaFX has the best forex trading app for traders in Rwanda. OctaFX operates from Saint Vincent and the Grenadines. OctaFX serves traders from all over the world, including those in African countries like Rwanda.
Rwandan traders can trade forex currency pairs, Index CFDs, commodities, and cryptocurrencies with OctaFX’s award-winning services from investors around the world.
Best Lowest Spread Forex platform in Rwanda
Overall Rating
- 4.7/5
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
Overall, Alpari is the best Low spread Forex platform in Rwanda. Alpari is trustworthy and reliable as a market maker broker. Alpari is regarded as a broker with a low level of risk. Trading speeds are guaranteed to be swift. More than 2 million customers are enrolled with Alpari.
Best Nasdaq 100 Forex platform 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 the best Nasdaq 100 forex platform in Rwanda. FXTM aims to provide the best trading conditions for traders of all levels. For the safety and security of their clients’ cash, they keep such funds in segregated accounts.
The broker is ideal for active trading and investment opportunities for traders of all skill levels.
Best Volatility 75 / VIX 75 Forex platform in Rwanda
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, AvaTrade is the best Volatility 75 / VIX 75 Forex Platform in Rwanda. AvaTrade is trustworthy and well-regulated. AvaTrade offers a single live trading account but traders have the choice to trade with either a Retail trading account or a Professional trading account.
Best NDD Forex platform in Rwanda
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 the best NDD forex platform in Rwanda. XM is regulated by strict financial regulators in all relevant jurisdictions. XM offers a balanced mix of all the features that users value: security, support, ease of account funding, and withdrawal. XM charges low fees.
Best STP Forex platform in Rwanda
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 the best STP Forex platform in Rwanda. Pepperstone gives traders across the world access to all markets backed up by very good customer care. Pepperstone also offers modern technology, low spreads, and high-speed execution.
Best sign-up bonus trading platform in Rwanda
Overall Rating
- 4.9/5
Min Deposit
100 USD/101 652 RWF
Regulators
ASIC, CySEC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
63
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FP Markets is the best Sign Up bonus trading platform in Rwanda. FP Markets offers stocks, indices, foreign exchange (forex), commodities, and cryptocurrencies to trade. FP Markets has a user-friendly mobile app and a variety of account types to choose from.
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FAQ
Are low minimum deposit brokers in Rwanda safe?
While low minimum deposit brokers in Rwanda may seem attractive, it’s important to assess their safety and reliability.
Are there any trade-offs for using a low minimum deposit broker in Rwanda?
Yes, there can be trade-offs when using a low minimum deposit broker in Rwanda.
Can I withdraw my funds from a low minimum deposit broker at any time?
The ability to withdraw funds from a low minimum deposit broker generally depends on the broker’s terms and conditions.
What types of tradable instruments are available with a low minimum deposit broker in Rwanda?
With a low minimum deposit broker in Rwanda, you can typically access a range of tradable instruments. While the specific offerings may vary between brokers.
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