8 Best Volatility 75 Forex Brokers in Rwanda
The 8 Best Volatility 75 Index Forex Brokers in Rwanda. We tested the best VIX 75 index forex brokers for Rwanda Traders.
This is a complete guide to brokers that offers traders in Rwanda the chance to trade on the Volatility 75 Index.
In this in-depth guide you’ll learn:
- What is the Volatility 75 Index?
- What is the difference between the Volatility 75 Index vs NASDAQ 100 Index – Explained
- How to choose the best VOL 75 broker for your trading style?
- The Best Metatrader 4 (MT4) and Metatrader 5 (MT5) on the VIX 75 platforms revealed.
- Who is our #1 recommended 75 Index Volatility Broker in Rwanda?
- Which Vix 75 broker offers a sign-up bonus for first-time traders?
- Which broker offers a low minimum deposit of $5 (5 364 RWF)?
- Which Volatility 75 Index broker accepts M-PESA?
And lots more…
So if you’re ready to go “all-in” with VIX 75 Index Forex Brokers, this guide is for you.
Let’s dive right in…
- Louis Schoeman
8 Best Volatility 75 Forex Brokers in Rwanda
- HFM – Overall, Best Volatility 75/VIX 75 Forex Broker
- IC Markets – Top NDD Forex Broker in Rwanda
- XTB – Best Social Trading Broker
- AvaTrade – Top Lowest Spread Forex Broker
- Pepperstone – Best Mobile Trading App Forex Broker
- eToro – Top STP Forex Broker in Rwanda
- FXCM – Best ECN Forex Broker
- IG – Top Forex Broker for Beginner Traders
What is the Volatility 75 Index, and how does it work?
👉 The Volatility 75 index, popularly known as the VIX, was developed by the Chicago Board of Exchange (CBOE) to measure the volatility of the S&P 500.
👉 As one of the world’s most frequently followed and traded indexes, the S&P 500 follows the 500 biggest firms on the US stock market, including equities from the NYSE and NASDAQ.
👉 The Volatility 75 index is often known as the “fear gauge” of the US stock market. If the VIX is more than 30, the stock market is very volatile, and there is an abundance of selling. Conversely, price patterns are steady if the Volatility 75 index falls below 30.
👉 The Volatility 75 index is computed in real-time during US market hours. Therefore, its value fluctuates similarly to other indices during the trading day. The value of the VIX is based on the implied volatility of S&P 500 index futures contracts.
1. 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
HFM Overview
👉 HFM is a well-known and well-respected broker all around the world. Furthermore, since HFM has a global presence, many Rwandan traders can readily utilize its trading services and solutions wherever they are.
👉 HFM offers a wide range of trading services, four account kinds, and powerful trading platforms with low spreads.
👉 HFM supports the MT4 and MT5 trading platforms and the broker’s own mobile HF App, which allows clients to trade straight from charts and make deposits and withdrawals.
👉 HFM offers four distinct account types, more than most other brokers. Because of the low minimum investment needed, the Micro Account is ideal for new traders. At the same time, the Zero Spread Account is designed for more experienced traders.
👉 Furthermore, HFM supplies Rwandan traders with high-quality trading tools that may assist them in many ways. For example, spot and futures contracts on different international indexes are available via HFM.
👉 The Nikkei, NASDAQ, S&P500, and FTSE100 are among these indices, as are the VIX and DAX30. Compared to other brokers, this one provides a vast range of indices.
HFM Trading Conditions and 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 (₦) | 2,000 Rwandan Naira equivalent to $5 |
| 💰 Trading Assets | Forex 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 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 |
2. IC Markets
Overall Rating
- 4.7/5
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
IC Markets Overview
👉 IC Markets is a leading Forex and CFD provider, processing over $500,000 orders per day and $15 billion in daily foreign exchange transactions.
👉 Traders of all sorts and degrees of expertise may profit from IC Markets’ innovative trading platforms, which are the broker’s claim to fame. In addition to foreign currency, Rwandan traders can easily trade futures, stock indices, and commodities.
👉 Among the 25 global indexes on which IC Markets offers cash and futures contracts are the NASDAQ, S&P 500, FTSE 100, VIX 75, and Nikkei. Compared to other brokers, this index selection is on par, providing Rwandans with a range of trading opportunities.
👉 IC Markets is popular among traders because of its leverage, low spreads, and affordable fee expenses. Everyone, from seasoned traders to newcomers, and even Rwandans who use automated trading strategies, should consider IC Markets.
IC Markets Trading Conditions and Features
| Account Feature | Value |
| 💻 Trading Platform | cTrader |
| 💰 Commission | $3 per side and $6 per round turn |
| 📈 Typical Average Spreads | 0.0 |
| 💳 Minimum Deposit Requirement | 83,000 Rwandan Naira equivalent to $200 |
| 📈 Leverage | 1:500 |
| 📈 Maximum positions per account | 2,000 |
| 🏛️ Server Location | London |
| ✴️ Micro trading allowed? | Yes |
| 📊 Currency Pairs | 64 |
| 📊 Index CFD Trading | Yes |
| 📊 Stop-out | 50% |
| 📈 One-Click Trading offered? | Yes |
| ☪️ Islamic Accounts | Yes |
| 📊 Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic strategies, etc. |
| 💻 Programming Language | C# |
| 👍 Suitable for | Day traders, scalpers, active traders |
| 📊 Demo Account offered? | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IC Markets has regulations and authorization with four market regulators in Australia, Cyprus, Seychelles, and the Bahamas | Rwandan traders are not given an RWF-denominated account |
| There are social trading opportunities offered to Rwandan social traders | There are currency conversion fees charged on RWF deposits and withdrawals |
| There are no hidden costs and inactivity fees are not applied to a dormant account | There are no fixed spread trading accounts offered by IC Markets |
| IC Markets accepts and accommodates all types of trading strategies, including scalping, hedging, auto trading, and more. | |
| IC Markets accepts and accommodates all types of trading strategies, including scalping, hedging, auto trading, and more. | |
| There is a range of trading tools offered to more advanced Rwandan traders | |
| Beginner traders can expect a range of educational materials and tools | |
| IC Markets offers a genuine ECN model with a superior trading environment |
3. XTB
Overall Rating
- 4.6/5
Min Deposit
USD 250 / 268 206 RWF
Regulators
FCA, CySEC, IFSC, KNF
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
XTB Overview
👉 XTB is a popular choice among investors looking for a broker with a good reputation, a wide range of trading instruments, and a thorough market analysis. However, traders should be advised that only the XTB proprietary platform, xStation5, is supported.
👉 XTB offers a diverse range of over 2,100 financial assets for trading compared to other brokers. A wide variety of assets could be traded, including currencies, indexes, commodities, CFDs, ETFs, and cryptocurrencies.
👉 XTB aims to provide the greatest service and education to its traders. To that purpose, the business has established a strong Trading Academy and a personal mentorship program.
👉 XTB’s diligent customer support service can readily solve traders’ technical or account-related issues. Furthermore, the Market News portion of the website is often updated with analysis and trading recommendations.
XTB Trading Conditions and Features
| Feature | Information |
| 💵 Regulations | FCA, CySEC, KNF, CNMV, FSC, DFSA |
| ⚖️ Regulated locally in Rwanda? | No |
| 📱 Trading Accounts Offered | • Standard Account • Swap-Free Account |
| 💻 Trading Platforms Supported | • xStation5 |
| 💵 Minimum Deposit (RWF and USD) | 0 RWF / 0 USD |
| 📊 Range of Markets available | • ETF CFDs • Forex • Commodities • Indices • Cryptocurrencies • Stock CFDs |
| ✅ RWF-denominated Trading Account? | No |
| ✔️ RWF Deposits Allowed? | No |
| 💰 Bonuses for Rwandan traders? | No |
| 📉 Minimum spread on EUR/USD | 0.1 pips |
| ✅ Demo Account Offered? | Yes |
| ☪️ Islamic Account Option Available? | Yes |
| ✔️ Social Trading Offered? | Yes |
| 📈 Maximum Leverage on VIX 75 | 1:67 |
| 💵 Additional Trading/Non-Trading Fees | • Overnight fees on instruments • Deposit and withdrawal fees |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XTB does not have a set minimum deposit when Rwandans register an account | XTB does not offer MetaTrader or cTrader |
| The Swap-Free Account exempts Muslim traders from currency conversion fees | XTB applies deposit and withdrawal fees |
| XTB offers a powerful proprietary trading platform across devices | Spreads are marked-up |
| XTB accommodates beginner and professional traders from Rwanda | |
| There is a decent range of financial instruments that Rwandans can trade |
4. AvaTrade
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
AvaTrade Overview
👉 AvaTrade was established in 2006 and is regulated in three tier-1 and three tier-2 countries, making it a dependable (low-risk) broker for CFDs and Forex trading.
👉 Through MT5, AvaTrade offers access to 1,260 symbols, and WebTrader offers access to about the same number of symbols, even when a few hundred are sometimes not accessible.
👉 The VIX 75 is one of 33 Index CFDs accessible via AvaTrade, giving Rwandan traders access to worldwide markets. Furthermore, most traders will be satisfied with the mobile experience offered by AvaTrade’s custom apps (beginners included).
👉 AvaTrade is progressing in this area and offers a broad range of practical applications suited to various traders and trading techniques.
AvaTrade Trading Conditions and Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| ✅ CBN Regulation? | No |
| 📊 Trading Accounts | Retail Investor Account, Professional Account Option |
| 💻 Trading Platform | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Minimum Deposit (RWF) | 101464 |
| 💰 Trading Assets | Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🔎 Rwandan-based Account? | No |
| 💳 RWF Deposits Allowed? | No |
| 💰 Bonuses for Rwandan traders? | Yes |
| 📈 Minimum spread | 0.9 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is multi-regulated and one of the most trusted online trading brokers in the world | Variable spreads are not offered |
| There is a wide range of financial instruments that can be traded across financial markets | There is a limited choice between account types |
| There are several technical indicators, economic indicators, and other solutions for advanced traders | Inactivity fees are applied |
| There are several trading platforms to choose from | Currency 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 to | There 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. |
5. Pepperstone
Overall Rating
- 4.9/5
Min Deposit
200 USD / 21 7071 RWF
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Pepperstone Overview
👉 Several social copy trading platforms, a wide selection of tradable markets, and top-notch research are all accessible via Pepperstone. In addition, Pepperstone now provides currency indices in addition to its more than 70 Forex trading partners.
👉 CFDs on Indices, including those of the NASDAQ, FTSE100, S&P 500, VIX, and even the Johannesburg Stock Exchange, are accessible for trading on Pepperstone. Keeping client cash separate from company finances is a clever idea in a risky industry.
👉 A Standard account is offered to all new clients, with minimal Forex spreads starting at 0.6 pip. The Razor account, where the minimum Forex spread starts at 0 pip, does not levy a commission fee, although there is one.
👉 Rwandans should also know that Pepperstone’s other products are priced with a straight spread or a spread-and-commission structure.
Pepperstone Trading Conditions and Features
| Account Features | Value |
| 💰 Minimum Deposit Requirement | 140,000 RWF or an equivalent to AU$200 |
| 💵 Minimum Trading Size | 0.01 lots |
| 📈 Maximum Trading Size | 100 lots in a single trade |
| 💰 Base Account Currency | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
| ✔️ Trading Strategies Supported | All including scalping, hedging, and Expert Advisors (EAs) |
| 🗞 News Trading Offered? | Yes |
| 💸 Trade Execution | No-Dealing Desk (NDD) |
| 📊 Average EUR/USD Spread | From 0.6 pips |
| 💳 Commissions | None |
| 🔄 Rollover Swaps | Yes, according to the market rates |
| ⬆️ Maximum Leverage per region | • Australia – 1:30 • Bahamas – 1:200 • Cyprus – 1:30 • Dubai – 1:30 • Germany – 1:30 • Rwanda – 1:400 • United Kingdom – 1:30 |
| ❌ Negative Balance Protection Offered | Yes, only for retail clients |
| 📞 Margin Close-Out (%) | 50% |
| ✔️ Trading Instruments offered | 1,200+ |
| 💻 Trading Platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone is well-regulated by seven entities in global regions | Pepperstone has limited market analysis |
| Rwandan traders can expect zero-pip spreads on the Razor account with competitive commission fees | The fee schedules can be complex for beginners to understand |
| Pepperstone offers a great platform choice between MetaTrader 4, MetaTrader 5, TradingView and cTrader across desktop, web, and mobile | There is no RWF-denominated trading account for Rwandan traders |
| There is a wide range of tradable assets offered by Pepperstone | Currency conversion fees are charged when traders deposit or withdraw in currencies other than AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, or HKD |
| Pepperstone is partnered with Equinix to ensure low latency and superior trade execution speeds | The Islamic account option is limited to only a few countries in the world |
| Pepperstone caters for all its clients’ needs and objectives by offering a range of tools, resources, and materials | Leverage restrictions apply to each trader’s country of residence |
| Pepperstone has an excellent online customer support | |
| Rwandan traders can expect access to demo accounts on both live accounts and all three trading platforms |
6. eToro
Overall Rating
- 4.8/5
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.
eToro Overview
👉 In addition to being a multi-regulated and well-established Forex and CFD broker, eToro stands out as the finest social trading broker for Rwandans.
👉 eToro is also well-known for its strong proprietary desktop platform and mobile app, which provide Rwandan traders with access to the VIX and other financial products. The fact that eToro has consumers from over a hundred countries attests to the platform’s global popularity.
👉 In addition, eToro’s flagship product is CopyTrader, a social investing platform. Rwandans can easily discover investors to copy trades using CopyTrader based on star ratings, currency preferences, and performance metrics.
👉 Moreover, a minimum contribution of 210,000 RWF / 200 USD allows Rwandans to replicate up to a hundred different investors at once easily.
eToro Trading Conditions and Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Retail, Professional |
| 📊 Trading Platform | eToro trading app and web-based platform |
| 💰 Minimum Deposit (₦) | 83,000 NGN equivalent to $200 |
| 💰 Trading Assets | Forex pairs, Commodities, Exchange-Traded Funds (ETFs), Indices, Stocks, Crypto trading, Stocks |
| 🔎 Rwandan Naira-based Account? | No |
| 💳 NGN Deposits Allowed? | No |
| 💰 Bonuses for Rwandan traders? | Yes |
| 📈 Minimum spread | 1 pip EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| eToro has a strict and solid regulatory framework | There are limitations on leverage for retail traders |
| Client fund safety is guaranteed and there is consumer protection offered | There is a limited selection of retail investor accounts |
| eToro offers commission-free trading | Fixed spreads are not offered |
| There are over 2,000 complex instruments that can be traded | The spreads are not the tightest |
| The broker offers several trading opportunities and a social trading feature | There is a high minimum deposit on the Islamic Account |
| There is an award-winning proprietary platform offered | There is an inactivity fee charged on dormant accounts |
| eToro offers 24/6 dedicated customer services | |
| eToro offers a demo account and an Islamic Account | |
| Algorithmic trading and margin trading supported | |
| Real time quotes are offered alongside a wide range of benefits | |
| The mobile app is secure and features robust security such as two-factor authentication | |
| The app can be used as a wallet app for digital currencies | |
| Offers several resources that help traders make improved financial decisions with confidence | |
| Offers several helpful tools and services as a solid basis for investment decision along with investment advice | |
| Provides access to several popular cryptocurrencies that can be traded and crypto staking services | |
| There is a comprehensive portfolio management service and popular investor program offered |
7. FXCM
Overall Rating
- 4.6/5
Min Deposit
USD 300 / 321 847 RWP
Regulators
FCA
Trading Desk
MetaTrader 4, Trading Station
Crypto
Yes
Total Pairs
7
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FXCM Overview
👉 FXCM offers a few account types, a vast choice of forex and CFD products, leverage, and an astonishing assortment of plugins and supplementary programs to traders.
👉 Furthermore, FXCM distinguishes itself by offering its consumers a broad range of trading platforms. Trading Station, MetaTrader 4, ZuluTrade’s copy-trading platform, NinjaTrader, and a slew of additional add-on plugins and services are among them.
👉 Because of FXCM’s lengthy history of responsible behaviour, it can be regarded as a trustworthy broker. Furthermore, customer funds are maintained in a separate account, and the FXCM abides by international standards.
FXCM Trading Conditions and Features
| Feature | Information |
| 💵 Regulations | FCA, ASIC, CySEC, FSCA |
| ⚖️ Regulated locally in Rwanda? | No |
| 📱 Trading Accounts Offered | • CFD Trading Account • Standard Account |
| 💻 Trading Platforms Supported | • MetaTrader 4 • Trading Station • NinjaTrader • Capitalise AI • ZuluTrade • TradingView Pro • MotiveWave • NeuroShell Trader • QuantConnect • Sierra Chart • SeerTrading • AgenaTrader |
| 💵 Minimum Deposit (RWF and USD) | 52,000 RWF / 50 USD |
| 📊 Range of Markets available | • Forex • Commodities • Forex Baskets • Stock Baskets • Cryptocurrencies • Indices |
| ✅ RWF-denominated Trading Account? | No |
| ✔️ RWF Deposits Allowed? | Yes |
| 💰 Bonuses for Rwandan traders? | Yes |
| 📉 Minimum spread on EUR/USD | 0.2 pips |
| ✅ Demo Account Offered? | Yes |
| ☪️ Islamic Account Option Available? | Yes |
| ✔️ Social Trading Offered? | Yes |
| 📈 Maximum Leverage on VIX 75 | 1:20 |
| 💵 Additional Trading/Non-Trading Fees | • Inactivity Fees • Currency Conversion Fees • Withdrawal Fees of 30 USD, EUR, or GBP on Bank Wire • Overnight Fees |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXCM offers flexible trading platforms that can be used to trade VIX and other instruments | Only one standard retail account is available |
| Rwandans can use leverage up to 1:20 on VIX | The commissions with FXCM are high |
| FXCM offers competitive trading conditions | MT5 is not offered |
| Rwandans can access a demo account | |
| FXCM is well-regulated and trusted by traders worldwide |
8. IG
Overall Rating
- 4.8/5
Min Deposit
USD0
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
IG Overview
👉 IG Group began its operations in 1974 and has grown to become the LSE’s preeminent Forex and CFD broker. In addition, IG Groups is one of the world’s largest online brokers, offering over 19,000 trading products and 80 global indexes.
👉 IG has an impressive and comprehensive collection of educational materials. Furthermore, IG is committed to providing Rwandans with relevant and current information.
👉 When compared to rivals, IG gives traders access to more indexes for trading. These indices include NASDAQ, FTSE100, VIX, DAX30, and Hang Seng.
👉 IG provides clients with bespoke indexes, including the Cannabis Index and the Emerging Markets Index. Another advantage is that trading on the major indices may continue throughout the weekend.
👉 IG offers a wide variety of platform alternatives and API interfaces to its worldwide customers, all of which originate from inside its own unique, user-friendly web-based service. IG recommends using Google Chrome; however, the platform is available through any browser.
IG Trading Conditions and Features
| Feature | Information |
| 💵 Regulations | CFTC, FINRA, NFA, BMA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FCA |
| ⚖️ Regulated locally in Rwanda? | No |
| 📱 Trading Accounts Offered | • IG Trading Account • IG Professional Account • IG Options Trading Account • IG Turbo24 Account • Limited Risk Account • Share Dealing Account • Exchange (NADEX) Account |
| 💻 Trading Platforms Supported | • MetaTrader 4 • ProRealTime (PRT) • IG Platform • L2 Dealer • FIX API |
| 💵 Minimum Deposit (RWF and USD) | 260,000 RWF / 250 USD |
| 📊 Range of Markets available | • Commodities • Indices • Shares • Forex • ETFs • Options • Cryptocurrencies • Interest Rates • Futures • Bonds |
| ✅ RWF-denominated Trading Account? | No |
| ✔️ RWF Deposits Allowed? | Yes |
| 💰 Bonuses for Rwandan traders? | No |
| 📉 Minimum spread on EUR/USD | 0.1 pips (DMA) |
| ✅ Demo Account Offered? | Yes |
| ☪️ Islamic Account Option Available? | Yes |
| ✔️ Social Trading Offered? | Yes |
| 📈 Maximum Leverage on VIX 75 | 1:5 |
| 💵 Additional Trading/Non-Trading Fees | • Deposit and Withdrawal Fees • Overnight Fees • Currency Conversion Fees • Inactivity Fees |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Rwandans can trade over 19,000 markets, including the Volatility 75 index | IG does not offer an RWF-denominated account |
| IG is reputable and has been operating for decades, adding to its good reputation | Several countries are not eligible for account protection |
| Rwandans can choose from several account types and trading platforms | The minimum deposit is extremely high when compared to other brokers |
| There are competitive spreads charged across markets | |
| Rwandans can expect comprehensive educational materials |
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
- 4.8/5
Min Deposit
USD 5
Regulators
CySEC, FSC, CFTC
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
No
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, HFM is 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
- 4.7/5
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
- 4.8/5
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
- 4.7/5
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
- 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 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
- 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 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
- 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 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
- 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 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
- 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 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
- 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
👉 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
- 4.1/5
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
- 4.8/5
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
👉 Because of their poor connection with the stock market, many traders and investors choose VIX-linked products for diversification, hedging, and even pure speculation. One alternative is to hedge your portfolio against market volatility by purchasing VIX futures.
👉 Trading during market volatility is a good strategy for times of uncertainty, but investors should remember that turbulence is temporary.
FAQ
How can Rwandans trade VIX 75 successfully?
Rwandans must pay attention to the position size of their trade, trade with discipline, use price action, and ensure that they use stop-loss orders.
What factors influence the Volatility 75 in Rwanda?
Investors often exercise extra caution in extremely volatile markets and vice versa. This naturally ties the VIX with the S&P 500. When the US 500 falls, the market perceives this as fear in the market, which causes the Volatility 75 to rise.
Which timeframe should Rwandans use to trade VIX 75?
The best time for Rwandans to trade VIX 75 is between 11 am to 11 pm GMT or 1 pm to 1 am Central African Time (CAT).
Which percentage of volatility is ideal for Rwandans?
Volatility averages 15%, is often in the 10-20% range and increases and falls over time.
Which indicator should Rwandans use for VIX 75?
Aside from Bollinger Bands, other indicators such as the Keltner Channel, Momentum indicators, the volatility squeeze, and the Parabolic Stop and Reverse can be used.
