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…

Updated : December 15, 2022

8 Best Volatility 75 Forex Brokers in Rwanda

  1. HFM – Overall, Best Volatility 75/VIX 75 Forex Broker
  2. IC Markets – Top NDD Forex Broker in Rwanda
  3. XTB – Best Social Trading Broker 
  4. AvaTrade – Top Lowest Spread Forex Broker
  5. Pepperstone – Best Mobile Trading App Forex Broker
  6. eToro – Top STP Forex Broker in Rwanda
  7. FXCM – Best ECN Forex Broker 
  8. 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

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

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
Well-regulated in several global regionsThere are no variable spread accounts
Offers some of the lowest spreads in the forex market on major currency pairsThere 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

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 PlatformcTrader

💰 Commission$3 per side and $6 per round turn
📈 Typical Average Spreads0.0
💳 Minimum Deposit Requirement83,000 Rwandan Naira equivalent to $200
📈 Leverage1:500
📈 Maximum positions per account2,000
🏛️ Server LocationLondon
✴️ Micro trading allowed?Yes
📊 Currency Pairs64
📊 Index CFD TradingYes
📊 Stop-out50%
📈 One-Click Trading offered?Yes
☪️ Islamic AccountsYes
📊 Trading Styles acceptedScalping, hedging, expert advisors, algorithmic strategies, etc.
💻 Programming LanguageC#
👍 Suitable forDay 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 BahamasRwandan traders are not given an RWF-denominated account
There are social trading opportunities offered to Rwandan social tradersThere are currency conversion fees charged on RWF deposits and withdrawals
There are no hidden costs and inactivity fees are not applied to a dormant accountThere 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

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

FeatureInformation
💵 RegulationsFCA, 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/USD0.1 pips
✅ Demo Account Offered?Yes
☪️ Islamic Account Option Available?Yes
✔️ Social Trading Offered?Yes
📈 Maximum Leverage on VIX 751:67
💵 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 accountXTB does not offer MetaTrader or cTrader
The Swap-Free Account exempts Muslim traders from currency conversion feesXTB applies deposit and withdrawal fees
XTB offers a powerful proprietary trading platform across devicesSpreads 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

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

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.

5. Pepperstone

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

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 FeaturesValue
💰 Minimum Deposit Requirement140,000 RWF or an equivalent to AU$200
💵 Minimum Trading Size0.01 lots
📈 Maximum Trading Size100 lots in a single trade
💰 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
✔️ Trading Strategies SupportedAll including scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
💸 Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadFrom 0.6 pips
💳 CommissionsNone
🔄 Rollover SwapsYes, 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 OfferedYes, only for retail clients
📞 Margin Close-Out (%)50%
✔️ Trading Instruments offered1,200+
💻 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade

 

Pros and Cons

✔️ Pros❌ Cons
Pepperstone is well-regulated by seven entities in global regionsPepperstone has limited market analysis
Rwandan traders can expect zero-pip spreads on the Razor account with competitive commission feesThe fee schedules can be complex for beginners to understand
Pepperstone offers a great platform choice between MetaTrader 4, MetaTrader 5, and cTrader across desktop, web, and mobileThere is no RWF-denominated trading account for Rwandan traders
There is a wide range of tradable assets offered by PepperstoneCurrency 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 speedsThe 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 materialsLeverage 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

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

FeatureInformation
⚖️ RegulationCySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA
⚖️ CBN Regulation?No
📊 Trading AccountsRetail, Professional
📊 Trading PlatformeToro trading app and web-based platform
💰 Minimum Deposit (₦)83,000 NGN equivalent to $200
💰 Trading AssetsForex 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 spread1 pip EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedYes

 

Pros and Cons

✔️ Pros❌ Cons
eToro has a strict and solid regulatory frameworkThere are limitations on leverage for retail traders
Client fund safety is guaranteed and there is consumer protection offeredThere is a limited selection of retail investor accounts
eToro offers commission-free tradingFixed spreads are not offered
There are over 2,000 complex instruments that can be tradedThe spreads are not the tightest
The broker offers several trading opportunities and a social trading featureThere is a high minimum deposit on the Islamic Account
There is an award-winning proprietary platform offeredThere 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

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

FeatureInformation
💵 RegulationsFCA, 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/USD0.2 pips
✅ Demo Account Offered?Yes
☪️ Islamic Account Option Available?Yes
✔️ Social Trading Offered?Yes
📈 Maximum Leverage on VIX 751:20
💵 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 instrumentsOnly one standard retail account is available
Rwandans can use leverage up to 1:20 on VIXThe commissions with FXCM are high
FXCM offers competitive trading conditionsMT5 is not offered
Rwandans can access a demo account
FXCM is well-regulated and trusted by traders worldwide

8. IG

Overall Rating

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

FeatureInformation
💵 RegulationsCFTC, 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/USD0.1 pips (DMA)
✅ Demo Account Offered?Yes
☪️ Islamic Account Option Available?Yes
✔️ Social Trading Offered?Yes
📈 Maximum Leverage on VIX 751:5
💵 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 indexIG does not offer an RWF-denominated account
IG is reputable and has been operating for decades, adding to its good reputationSeveral countries are not eligible for account protection
Rwandans can choose from several account types and trading platformsThe 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

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

👉 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.

10/10 - (1 vote)

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