List of Top Forex Brokers In Egypt
We present to you, the list of forex brokers in the land of pharaohs:
1. AvaTrade
Established in 2006 and based in Ireland, AvaTrade is a reputable forex and CFD broker licensed across multiple jurisdictions, providing access to over 840 CFDs and vanilla options.
AvaTrade distinguishes itself through its wide range of trading platforms, competitive trading costs, abundant trading resources, and robust educational materials. Additionally, the broker has introduced an innovative risk management feature known as AvaProtect.
Features
- Regulations: FSCA (South Africa), CBI (Ireland), ADGM (United Arab Emirates), ASIC (Australia), BVI FSC (Virgin Islands, British), ISA (Israel), JFSA (Japan)
- Supported Languages: English, Russian, French, Portuguese, Arabic, Spanish, German, Italian, Chinese, Japanese, Malaysian, Thai
- Products: Options, Currencies, Stocks, ETFs, Crypto, Bonds, Indices, Commodities
- Min Deposit: $100
- Max Leverage: 1:30 (FSCA), 1:30 (CBI), 1:30 (ADGM), 1:30 (ASIC), 1:1000 (BVI FSC), 1:20 (ISA), 1:25 (JFSA)
- Trading Desk Type: Market Maker, Dealing Desk
- Trading Platforms: AvaTradeGo, AvaOptions, AvaSocial, MT5, Proprietary, MT4, WebTrader, DupliTrade
- Deposit Options: Webmoney, Wire Transfer, Skrill, Neteller, Credit Card, Debit Card
- Withdrawal Options: Wire Transfer, Neteller, Skrill, Credit Card, Debit Card, Webmoney
Pros
- Various Tier-1 regulations
- Risk mitigation tool
- Platform options
- Trading CFDs and Vanilla options
- Cost-effective pricing
Cons
- Elevated inactivity charge
- Singular account option
AvaTrade provides comprehensive research resources with a particular focus on technical analysis, integrating insights from TradingCentral, a renowned and highly trusted signal provider in the sector. Sign up on this platform to enjoy its numerous features.
2. Exness
Founded in 2008, Exness operates as a forex and CFD broker, facilitating trading in currencies, cryptocurrencies, stocks, indices, and commodities. Headquartered in Limassol, Cyprus, the broker serves a substantial client base exceeding 400,000 and employs over 2,000 professionals across Asia and Europe. With regulation across various jurisdictions globally, Exness ensures a top-tier standard of safety and transparency.
Features
- Regulations: FSA (Seychelles), FSCA (South Africa), BVI FSC (Virgin Islands, British), FSCM (Mauritius), CMA (Kenya), FCA (United Kingdom), CySEC (Cyprus)
- Supported Languages: Korean, English, Urdu, Russian, Hindi, French, Indonesian, Portuguese, Thai, Arabic, Spanish, Bengali, Chinese, Japanese, Vietnamese
- Products: Currencies, Stocks, Crypto, Indices, Commodities
- Min Deposit: $0
- Max Leverage: 1:500 (FSA), 1:500 (FSCA), 1:1000 (BVI FSC), 1:499 (FSCM), 1:2000 (CMA), 1:30 (FCA), 1:30 (CySEC )
- Trading Desk Type: Market Maker, No dealing desk
- Trading Platforms: MT5, Proprietary, MT4
- Deposit Options: QIWI, Webmoney, Cryptocurrencies, PerfectMoney, Wire Transfer, Skrill, Neteller, Credit Card
- Withdrawal Options: Cryptocurrencies, Neteller, Webmoney, Skrill, QIWI, Credit Card, PerfectMoney.
Pros
- Narrow spreads on forex pairs
- Round-the-clock customer assistance.
- Diverse account options
- Complimentary VPS hosting
- Access to social trading
- Competitive Pricing
- Integration with external tools
Cons
- Unavailable for retail clients in Europe and the UK.
- Limited regulatory supervision in certain regions.
Exness stands as a prominent and well-established broker in the forex and CFD market, boasting a distinctive array of features. With its user-friendly platform and comprehensive educational resources, it emerges as an excellent choice for novice traders. Register on this platform to enjoy its provision of substantial leverage, competitive spreads, and advanced tools that may capture the interest of experienced traders. Additionally, its minimal swap fees and social trading options further enhance its appeal to traders across different levels of expertise.
3. FxPro
FxPro stands out as a prominent CFD broker, offering a wide range of trading opportunities in forex, commodities, stocks, indices, futures, and cryptocurrencies. Established in 2006, the company boasts a global clientele spanning over 170 countries. It operates under the regulation of various esteemed authorities worldwide, including the highly regarded FCA and CySEC. Notably, FxPro operates as a No Dealing Desk (NDD) broker, ensuring that all client orders are executed without any intervention from a dealing desk.
Features
- Regulations: FCA (United Kingdom), CySEC (Cyprus), FSCM (Mauritius), SCB (Bahamas)
- Supported Languages: Turkish, English, Russian, Hindi, French, Indonesian, Portuguese, Thai, Slovak, Polish, Czech, Arabic, Hungarian, Italian, Spanish, Chinese, Japanese, Greek, Vietnamese, Malaysian, German, Romanian, and more
- Products: Currencies, Stocks, Crypto, Indices, Commodities, Futures
- Min Deposit: $100
- Max Leverage: 1:30 (FCA), 1:30 (CySEC), 1:2000 (FSCM), 1:200 (SCB)
- Trading Desk Type: No dealing desk
- Trading Platforms: MT5, cTrader, Proprietary, MT4
- Deposit Options: Local Deposit, Wire Transfer, Credit Card, Broker to Broker, Visa, Mastercard
- Withdrawal Options: Wire Transfer, Broker to Broker, Maestro, PayPal, Visa
Pros
- Robust platforms
- Excellent variety of tradable instruments
- Competitive spreads
- Swift order execution
- Spread betting (UK exclusive)
- Research provided by Trading Central
- Efficient deposit and withdrawal processes
- A choice between fixed and variable spread accounts.
Cons
- Restricted safeguarding at an offshore entity
- FxPro Edge Platform is solely accessible in English
- Fee for inactivity
FxPro excels in the Research segment, offering top-notch in-house analysis alongside a variety of proprietary and third-party tools. These resources are tailored to accommodate traders of all levels, with new content being updated multiple times throughout the day.
4. FP Markets
FP Markets, established in 2005, is a globally recognized broker regulated across multiple jurisdictions. It facilitates CFD trading in forex, shares, indices, commodities, and cryptocurrencies through platforms like MetaTrader 4 & 5, cTrader, Iress, Mottai, and TradingView.
With competitive fees, rapid execution, and an extensive array of instruments, FP Markets caters to the demands of seasoned traders. Its offerings include advanced functionalities such as automated trading and Direct Market Access, coupled with acclaimed research resources from Trading Central and Autochartist.
Features
- Regulations: ASIC (Australia), FSA (Seychelles), FSCM (Mauritius), FSCA (South Africa), CySEC (Cyprus)
- Supported Languages: English, Russian, French, Indonesian, Dutch, Portuguese, Thai, Polish, Arabic, Hungarian, Bulgarian, Italian, Spanish, Chinese, Japanese, Greek, Vietnamese, German, Korean, Malaysian
- Products: Currencies, ETFs, Crypto, Bonds, Indices, Commodities
- Min Deposit: $100
- Max Leverage: 1:30 (ASIC), 1:500 (FSA), 1:3000 (FSCM), 1:500 (FSCA), 1:30 (CySEC )
- Trading Desk Type: No dealing desk
- Trading Platforms: MT5, cTrader, IRESS, MT4, Mottai
- Deposit Options: PayPal, Wire Transfer, Skrill, Neteller, Credit Card, Bpay, Broker to Broker, Debit Card, PayID
- Withdrawal Options: Wire Transfer, Neteller, Skrill, PayPal, Paytrust, Online Pay, Debit Card
Pros
- Competitive spreads
- Diverse selection of instruments
- Dedicated Personal Account Managers
- Round-the-clock multilingual support
- Copy trading functionality
- Access to Autochartist and Trading Central
- VPS Hosting services
- Partnership opportunities
- Extensive educational resources
Cons
- Unregulated offshore entity
- Absence of a proprietary platform
FP Markets offers comprehensive market analysis through its Traders Hub section, featuring text-based content covering fundamental and technical themes. Additionally, clients have access to third-party research providers such as Autochartist and Trading Central directly within the client portal. The quality of research materials surpasses the industry average.
5. Markets.com
Established in 2009, Markets.com is a diverse online CFD broker offering access to a wide range of assets, including forex pairs, commodities, indices, cryptocurrencies, stocks, ETFs, and bonds. Through my investigation, I found that the broker operates under six regulated entities, including FSC BVI, ASIC, FCA, FSCA, and CySEC, alongside one unregulated entity registered in St. Vincent & The Grenadines.
Markets.com provides access to the popular MetaTrader 4 and MetaTrader 5 platforms, along with its proprietary trading platform. One notable feature is its spread-based accounts, which offer additional benefits based on the size of the trader’s deposit.
Features
- Regulations: FSCM (Mauritius), FSCA (South Africa), CySEC (Cyprus), ASIC (Australia), FCA (United Kingdom)
- Supported Languages: English, French, Arabic, Bulgarian, Italian, Spanish, German
- Products: Currencies, Stocks, ETFs, Crypto, Bonds, Indices, Commodities, Futures
- Min Deposit: $100
- Max Leverage: 1:300 (FSCM), 1:300 (FSCA), 1:30 (CySEC), 1:30 (ASIC), 1:30 (FCA)
- Trading Desk Type: Market Maker, STP
- Trading Platforms: MT5, Proprietary, MT4
- Deposit Options: Wire Transfer, Skrill, Neteller, Credit Card
- Withdrawal Options: Wire Transfer, Neteller, Skrill, Credit Card
Pros
- Regulated by three top-tier regulators.
- Comprehensive research and educational assistance.
- Intuitive proprietary trading platform.
- Tailored benefits for advanced traders with larger deposits.
Cons
- Trading fees exceed industry standards.
Markets.com delivers a comprehensive service, featuring robust educational and research tools, prompt and professional customer support, and a user-friendly proprietary trading platform. In addition to its proprietary platform, traders who register on Markets.com enjoy the widely favored MetaTrader 4 and MetaTrader 5 platforms.
Operating under six global entities, the broker is regulated by esteemed agencies such as FCA, ASIC, and CySEC. This extensive regulatory oversight enables Markets.com to cater to a diverse global clientele while ensuring a high level of safety for its clients.
6. Vantage
Vantage, established in 2009 and headquartered in Australia, operates as a forex and CFD broker. It boasts four regulations, including ASIC and FSCA in South Africa, and provides access to over 940 instruments spanning various asset classes. Utilizing the MetaTrader 4&5 and ProTrader platforms, alongside an array of trading tools and comprehensive research and education materials, the broker offers a holistic trading experience. With its competitive pricing, rich educational resources, and selection of lower-risk securities, Vantage caters to beginners, day traders, and position traders alike.
Features
- Regulations: FSCA (South Africa), CIMA (Cayman Islands), ASIC (Australia), VFSC (Vanuatu)
- Supported Languages: English, French, Arabic, Italian, Spanish, Chinese, Greek, Malaysian
- Products: Currencies, Stocks, ETFs, Crypto, Indices, Commodities, Futures
- Min Deposit:$50
- Max Leverage:1:500 (FSCA), 1:250 (CIMA), 1:30 (ASIC), 1:500 (VFSC)
- Trading Desk Type: ECN, No dealing desk
- Trading Platforms:MT4, MT5, ProTrader
- Deposit Options: FasaPay, Cryptocurrencies, PerfectMoney, Wire Transfer, Skrill, China UnionPay, Neteller, Credit Card, AstroPay, Broker to Broker, Debit Card, AdvCash, SticPay, ApplePay, GooglePay, JCB, BitWallet
- Withdrawal Options: Wire Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, AstroPay, Debit Card
Pros
- A variety of platforms are available
- Comprehensive educational resources
- Competitive raw spreads across major markets
- Advanced ProTrader features
Cons
- Order execution speeds are slower
- Swap fees are slightly higher
- The compensation scheme is limited to one entity
Vantage is an Australian broker providing access to nearly 1000 instruments for both retail and professional traders. Traders who sign up on Vantage enjoy competitive pricing and a variety of platforms, including MetaTrader 4&5 and ProTrader, along with an extensive range of educational resources.
7. eToro
Established in 2007 and based in Israel, eToro has emerged as a leading derivatives broker, offering a wide range of trading instruments, supportive tools, and an innovative proprietary platform. Specializing in copy trading, eToro stands out as one of the largest social trading platforms globally, providing ample opportunities for both trading and investing. This makes eToro an ideal option for those seeking to diversify their trading and investment portfolios.
Features
- Regulations: CySEC (Cyprus), FCA (United Kingdom), FSA (Seychelles), ASIC (Australia)
- Supported Languages: Turkish, English, Russian, French, Dutch, Portuguese, Thai, Taiwanese, Polish, Czech, Arabic, Italian, Spanish, Chinese, Finnish, Japanese, Swedish, Greek, Vietnamese, Malaysian, German, Multi-lingual, Romanian, Norwegian
- Products: Currencies, Stocks, ETFs, Crypto, Indices, Commodities
- Min Deposit: $50
- Max Leverage: 1:30 (CySEC), 1:30 (FCA), 1:500 (FSA), 1:30 (ASIC)
- Trading Desk Type: Market Maker
- Trading Platforms: eToro Platform
- Deposit Options: Sofort, Przelewy, Wire Transfer, Skrill, Neteller, iDeal, Klarna, Trustly, Rapid Transfer, Debit Card
- Withdrawal Options: Wire Transfer, Neteller, Moneybookers, Webmoney, Skrill, PayPal, Debit Card, iDeal, Klarna, Sofort, Przelewy.
Pros
- Highly regulated
- Feature-rich platform
- Abundance of supporting tools
- Diverse social trading options
- Suitable for hedging
Cons
- No desktop platform is available
- Scalping not permitted
Regulated by multiple top-tier authorities, eToro demonstrates its credibility in the industry. Additionally, the broker’s forthcoming listing on the Nasdaq further enhances its reputation for reliability.
Operating as a market maker, eToro provides access to a vast selection of over 3,500 trading instruments spanning various asset classes. It effectively caters to both lower-risk securities and higher-yield/risk assets, empowering traders to mitigate risks effectively. With its exceptional proprietary platform, eToro facilitates copy trading and enables comprehensive technical analysis, offering traders invaluable tools for their strategies.
8. ADSS
Established in 2010, Abu Dhabi-based ADSS has established itself as a prominent forex and CFD broker in the MENA (Middle East and North Africa) region. The ADSS platform is known for its intuitive interface, complemented by robust educational resources and an excellent array of tradable instruments.
Features
- Regulations: SCA (United Arab Emirates)
- Supported Languages: English, Russian, French, Portuguese, Polish, Bulgarian, Italian, Spanish, Serbian, German
- Products: Currencies, Stocks, Crypto, Bonds, Indices, Commodities
- Min Deposit: $100
- Max Leverage: 1:500 (SCA)
- Trading Desk Type: Market Maker
- Trading Platforms: MT4, Proprietary
- Deposit Options: Cash-U, Wire Transfer, Skrill, Neteller, Visa, Mastercard, UAEPGS, ApplePay, Samsung Pay
- Withdrawal Options: Cash-U, Wire Transfer, Neteller, Skrill, UAEPGS, Mastercard, Visa.
Pros
- User-friendly platform
- Flexible account types
- Great range of tradable instruments
- Strong research materials
- Regular webinars
- Ultra-low latency execution
- High leverage
- Tight spreads in gold and Bitcoin
Cons
- Chat support could be slow.
- SCA does not provide a compensation scheme.
Since its inception in 2010, ADSS has crafted a distinctive and appealing proposition for forex and CFD traders. Specifically tailored for local and regional traders, the broker offers Arabic language support, access to Middle Eastern shares, and the ultra-fast UAEPGS wire transfer payment gateway.
9. XM
Established in 2009, XM Group operates through four entities, providing forex and CFD trading on commodities, indices, metals, energies, stocks, and cryptocurrencies. XM provides access to the renowned MetaTrader 4 and MetaTrader 5 platforms via different trading accounts. With competitive fees across major instruments, the broker offers diverse in-house research content and tools.
Features
- Regulated by IFSC (Belize), ASIC (Australia), DFSA (United Arab Emirates), and CySEC (Cyprus)
- Supported Languages: Romanian, Turkish, Korean, English, Urdu, Russian, Hindi, French, Indonesian, Portuguese, Thai, Polish, Czech, Arabic, Hungarian, Bulgarian, Italian, Spanish, Bengali, Chinese, Farsi, Japanese, Greek, Malaysian, German, and Multi-lingual
- Offers trading in Currencies, Stocks, Indices, and Commodities
- Minimum Deposit: $5
- Maximum Leverage: 1:1000 (IFSC), 1:30 (ASIC), 1:30 (DFSA), 1:30 (CySEC)
- Trading Desk Type: No dealing desk
- Trading Platforms: MT5, MT4
- Deposit Options: Webmoney, Western Union, Sofort, Wire Transfer, Moneybookers, Skrill, China UnionPay, Neteller, Credit Card, MoneyGram, iDeal
- Withdrawal Options: China UnionPay, Sofort, Wire Transfer, MoneyGram, Neteller, Moneybookers, iDeal, Webmoney, Skrill, Credit Card, Western Union.
Pros
- Minimum deposit: $5
- No deposit or withdrawal fees
- Customer support available in over 28 languages
- Comprehensive educational and research resources
- MT4 and MT5 trading platforms
Cons
- Investors outside the EU do not have access to investor compensation schemes.
For over 13 years, XM has operated under four regulated entities, ensuring clients benefit from transparency and quick access to essential information regarding account types, legal documentation, commissions, and fees.
XM provides access to the widely acclaimed MetaTrader 4 and MetaTrader 5 platforms, along with an in-house mobile trading platform. Clients can select from various account types and numerous base currency options.
Register on XM to enjoy available instruments which comprise forex pairs, CFDs on cryptocurrencies (subject to entity restrictions), commodities, indices, and stocks. While the forex pair selection is average, the offering of commodities, indices, and stocks is extensive.
10. XTB
XTB offers access to a diverse range of trading instruments, totaling over 2,100 across forex, shares, indices, commodities, and cryptocurrencies. Renowned for its platform excellence and service quality, the Polish brokerage powerhouse has garnered numerous industry accolades. Established in 2002, XTB boasts a substantial client base of over 581,000 traders as per its website. Listed on the Warsaw Stock Exchange, XTB operates under the regulation of two top-tier authorities, CySEC and FCA.
Features
- Regulations: FCA (United Kingdom), CNMV (Spain), KNF (Poland), FSCM (Mauritius), CySEC (Cyprus)
- Supported Languages: English, Russian, French, Portuguese, Thai, Slovak, Polish, Czech, Arabic, Italian, Spanish, Chinese, Vietnamese, German
- Products: Currencies, Stocks, ETFs, Crypto, Indices, Commodities
- Min Deposit: $0
- Max Leverage: 1:30 (FCA), 1:30 (CNMV), 1:100 (KNF), 1:3000 (FSCM), 1:30 (CySEC)
- Trading Desk Type: Market Maker, STP
- Trading Platforms: MT4, xStation 5
- Deposit Options: Maestro, Wire Transfer, Skrill, Credit Card, Visa, Mastercard
- Withdrawal Options: Wire Transfer.
Pros
- Regulated by top-tier authorities.
- Competitive spreads offered.
- A dedicated account manager was provided.
- Negative balance protection is available for EU/UK clients.
- Robust trading platform accessible.
- Strong research materials were provided.
Cons
- Withdrawals are exclusively processed through bank transfers.
- The choice of trading platforms is limited.
XTB presents a compelling proposition to traders across all experience levels. Particularly noteworthy are the innovative features of the xStation 5 platform, including the heatmap, scanners, and traders statistics tool.
With low fees and tight spreads, XTB facilitates trading success for its clients. Across all categories of our tests, this broker demonstrated strong performance. For those seeking a well-rounded broker capable of fostering their growth as traders, XTB emerges as a promising option.
The importance of choosing a reputable broker cannot be overstated. By examining the regulatory framework, platform features, and customer support offered by brokers like AvaTrade, Exness, FxPro, FP Markets, Markets.com, Vantage, eToro, ADSS, XM, and XTB, traders can make informed decisions to safeguard their investments. With this guide, we hope for traders to walk the markets with confidence, knowing they are in safe hands and protected from fraudulent practices.
