Forex brokers in Somalia
Here you can find a list of the best global Forex brokers online accepting traders in Somalia for Forex trading.
Risk Warning: Your capital is at risk.
| Top ▾▴ |
▾▴ |
 |
Minimum Deposit ▾▴ |
ECN (Min. Deposit) ▾▴ |
Leverage ▾▴ |
MT4 | MT5 | Bonus ▾▴ |
➦ |
|---|---|---|---|---|---|---|---|---|---|
| 1 |  IC Markets |
 |
$200 | – | ≤500:1 | ✔ | ✔ | – | |
| 2 |  RoboForex |
 |
$10 | $10 | ≤2000:1 | ✔ | ✔ | – | |
| 3 |  XM Group |
 |
$5 | – | ≤1000:1 | ✔ | ✔ | – | |
| 4 |  Deriv |
|
$5 | – | ≤1000:1 | – | ✔ | – | |
| 5 |  FxPro |
|
– | – | ✔ | ✔ | – | ||
| 6 |  LiteFinance |
|
$10 | – | ≤1000:1 | ✔ | ✔ | – | |
| 7 |  Vantage |
|
$50 | $500 | ≤500:1 | ✔ | ✔ | – | |
| 8 |  admirals |
|
$1 | – | ≤500:1 | ✔ | ✔ | – | |
| 9 |  Alpari |
 |
$50 | $300 | ≤1000:1 | ✔ | ✔ | – | |
| 10 |  AvaTrade |
|
$100 | – | ≤400:1 | ✔ | ✔ | – | |
| 11 |  FBS |
|
$5 | – | ≤3000:1 | ✔ | ✔ | – | |
| 12 |  FP Markets |
|
$100 | $100 | ≤500:1 | ✔ | ✔ | – | |
| 13 | HFM | |
– | – | ≤2000:1 | ✔ | ✔ | – | |
| 14 |  Tickmill |
|
$100 | $100 | ≤500:1 | ✔ | ✔ | $30 | |
| 15 |  XTB |
|
– | – | ≤200:1 | ✔ | – | – | |
| 16 |  AMarkets |
|
$100 | $200 | ≤3000:1 | ✔ | ✔ | – | |
| 17 |  BlackBull |
|
$1 | $2000 | ≤500:1 | ✔ | ✔ | – | |
| 18 |  Eightcap |
|
$100 | – | ≤500:1 | ✔ | ✔ | – | |
| 19 |  FXOpen |
|
$1 / 0.0001₿ | $100 / 0.01₿ | ≤500:1 | ✔ | ✔ | $10 | |
| 20 | IC Trading | |
$200 | – | ≤500:1 | ✔ | ✔ | – | |
| 21 |  InstaForex |
|
$1 | – | ≤1000:1 | ✔ | ✔ | $500 | |
| 22 |  IQ Option |
|
– | – | – | – | – | ||
| 23 | IronFX | |
$100 | $100 | ≤1000:1 | ✔ | – | – | |
| 24 |  Plexytrade |
|
$20 | – | ≤1000:1 | ✔ | ✔ | – | |
| 25 |  xChief |
|
$10 | – | ≤1000:1 | ✔ | ✔ | $100 | |
| 26 |  FXTM |
|
$50 | $500 | ✔ | ✔ | – | ||
| 27 | Fortrade | |
$100 | $100 | ≤200:1 | ✔ | – | – | |
| 28 |  FreshForex |
|
$10 / 0.001₿ | $10 / 0.001₿ | ≤2000:1 | ✔ | ✔ | – | |
| 29 |  GrandCapital |
|
$10 | $500 | ≤500:1 | ✔ | ✔ | – | |
| 30 | IFC Markets | |
$1000 | $1000 | ≤400:1 | ✔ | ✔ | – | |
| 31 | FxGlory | |
$1 | – | ≤3000:1 | – | – | – | |
| 32 |  Weltrade |
|
$25 | – | ≤1000:1 | – | – | – | |
| 33 | Fortrade Cyprus | |
$100 | $100 | ≤30:1 | ✔ | – | – | |
| 34 |  worldforex |
|
$1 | – | ≤1000:1 | ✔ | ✔ | $10 |
|
|
|---|---|
| Minimum Deposit | $200 |
| MT4 | ✔ |
| MT5 | ✔ |
|
|
|---|---|
| Minimum Deposit | $10 |
| ECN | $10 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
3
|
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|---|---|
|
|
| Minimum Deposit | $5 |
| MT4 | ✔ |
| MT5 | ✔ |
4
|
|
|---|---|
|
|
| Minimum Deposit | $5 |
| MT4 | – |
| MT5 | ✔ |
5
|
|
|---|---|
|
|
| MT4 | ✔ |
| MT5 | ✔ |
|
|
|---|---|
| Minimum Deposit | $10 |
| MT4 | ✔ |
| MT5 | ✔ |
7
|
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|---|---|
|
|
| Minimum Deposit | $50 |
| ECN | $500 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
8
|
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|---|---|
|
|
| Minimum Deposit | $1 |
| MT4 | ✔ |
| MT5 | ✔ |
9
|
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|---|---|
|
|
| Minimum Deposit | $50 |
| ECN | $300 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
10
|
|
|---|---|
|
|
| Minimum Deposit | $100 |
| MT4 | ✔ |
| MT5 | ✔ |
11
|
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|---|---|
|
|
| Minimum Deposit | $5 |
| MT4 | ✔ |
| MT5 | ✔ |
12
|
|
|---|---|
|
|
| Minimum Deposit | $100 |
| ECN | $100 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
13
|
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|---|---|
|
|
| MT4 | ✔ |
| MT5 | ✔ |
14
|
|
|---|---|
|
|
| Minimum Deposit | $100 |
| ECN | $100 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
15
|
|
|---|---|
|
|
| MT4 | ✔ |
| MT5 | – |
16
|
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|---|---|
|
|
| Minimum Deposit | $100 |
| ECN | $200 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
17
|
|
|---|---|
|
|
| Minimum Deposit | $1 |
| ECN | $2000 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
18
|
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|---|---|
|
|
| Minimum Deposit | $100 |
| MT4 | ✔ |
| MT5 | ✔ |
19
|
|
|---|---|
|
|
| Minimum Deposit | $1 / 0.0001₿ |
| ECN | $100 / 0.01₿ (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
|
|
|---|---|
| Minimum Deposit | $200 |
| MT4 | ✔ |
| MT5 | ✔ |
21
|
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|---|---|
|
|
| Minimum Deposit | $1 |
| MT4 | ✔ |
| MT5 | ✔ |
22
|
|
|---|---|
|
|
| MT4 | – |
| MT5 | – |
23
|
|
|---|---|
|
|
| Minimum Deposit | $100 |
| ECN | $100 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | – |
24
|
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|---|---|
|
|
| Minimum Deposit | $20 |
| MT4 | ✔ |
| MT5 | ✔ |
25
|
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|---|---|
|
|
| Minimum Deposit | $10 |
| MT4 | ✔ |
| MT5 | ✔ |
26
|
|
|---|---|
|
|
| Minimum Deposit | $50 |
| ECN | $500 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
27
|
|
|---|---|
|
|
| Minimum Deposit | $100 |
| ECN | $100 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | – |
28
|
|
|---|---|
|
|
| Minimum Deposit | $10 / 0.001₿ |
| ECN | $10 / 0.001₿ (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
29
|
|
|---|---|
|
|
| Minimum Deposit | $10 |
| ECN | $500 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
|
|
|---|---|
| Minimum Deposit | $1000 |
| ECN | $1000 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | ✔ |
31
|
|
|---|---|
|
|
| Minimum Deposit | $1 |
| MT4 | – |
| MT5 | – |
32
|
|
|---|---|
|
|
| Minimum Deposit | $25 |
| MT4 | – |
| MT5 | – |
|
|
|---|---|
| Minimum Deposit | $100 |
| ECN | $100 (Min. Deposit) |
| MT4 | ✔ |
| MT5 | – |
34
|
|
|---|---|
|
|
| Minimum Deposit | $1 |
| MT4 | ✔ |
| MT5 | ✔ |
Forex trading in Somalia is not regulated by the Central Bank of Somalia or any other regulatory body. As a result, there are no licensed forex brokers operating in the country. The government has also issued warnings about the potential risks of forex trading. It is advisable to seek guidance from a financial advisor or professional before engaging in any type of trading in Somalia.
What is Forex?
Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from Sunday evening until Friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.
Forex trading
Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, Forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.
What is a broker?
Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.
Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: European Union · Belgium · Spain · France · Latvia · Portugal · Australia · Canada · Israel · Japan · New Zealand · Turkey · United States ·
