Overview
Forex trading has been exploding in countries around the world, including in African countries such as Togo. For traders who are looking for the best forex brokers to facilitate their trades, the following list will prove to be quite helpful.
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Exness
Exness is a reputable and well-regulated broker that offers traders with a variety of financial instruments which can be traded. These can be traded through powerful trading platforms using Exness’ comprehensive solutions and competitive rates.
Pros and Cons
| PROS | CONS |
| Low minimum deposit required | Some regions subjected to deposit fees |
| Free withdrawals | |
| Well-regulated |
Plus500
Plus500 has been in operation since 2008 and is a multi-regulated ECN and STP broker offering traders with more than 2,000 forex and CFD instruments. These instruments can be traded through a powerful, flexible, and user-friendly proprietary trading platform.
Pros and Cons
| PROS | CONS |
| Well-regulated | US clients not accepted |
| More than 2,000 financial instruments offered | Fixed spreads not offered |
| Excellent customer support | Limited education |
XTB
XTB is a multi-regulated STP, ECN, and DMA broker that is also one of few listed on a stock exchange. XTB offers Togan traders with the opportunity to trade in global markets, using its comprehensive and competitive trading solutions and conditions.
Pros and Cons
| PROS | CONS |
| Competitive spreads | US clients not accepted |
| Strict regulation | Fixed spreads not offered |
| Negative balance protection | Limited exotic forex pairs |
eToro
eToro is a reputable broker and the leading online social trading platform in the industry. eToro offers competitive trading conditions, a powerful trading platform, and numerous social trading opportunities to traders from around the world.
eToro offers traders with a variety of financial instruments, a large online trading community, and the advantage of commission-free trading. eToro is well-established and connects traders from around the world to global financial markets quickly and cost-effectively.
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Pros and Cons
| PROS | CONS |
| Strict regulation | US clients not accepted |
| Commission-free trading | Limited leverage for non-professional traders |
| Large online trading community | Fixed spreads not offered |
City Index
Established in 1983, City Index is one of the oldest and most trusted STP and ECN brokers in the industry, offering a range of tradable financial instruments, reliable execution speeds, award-winning platforms, and competitive trading conditions.
Pros and Cons
| PROS | CONS |
| Tight spreads and low fees | No US clients |
| Negative balance protection | Limited funding methods |
| Range of trading tools and resources | Fixed spreads not offered |
AvaTrade
AvaTrade is a multi-regulated, multi-award-winning Market Maker and STP broker that is based in several jurisdictions, offering traders from around the world with competitive trading conditions.
AvaTrade has become one of the most popular brokers in the industry and offers traders with more than 250 financial instruments that can be traded seamlessly through a choice of flexible, reliable, and powerful trading platforms in addition to offering its own advanced, innovative proprietary trading platform for use.
Pros and Cons
| PROS | CONS |
| Multi-regulated | US clients not accepted |
| Negative balance protection offered | Variable spreads are not offered |
| Fast and reliable trade execution speeds | Only one account for retail traders and one for professionals |
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