Somalia 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.

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Popularity Minimum Deposit
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ECN (Min. Deposit)
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Leverage
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MT4 MT5 Bonus
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Soomaaliga Review
1  IC Markets 4/5 $200 ≤500:1 Review
2  RoboForex 3/5 $10 / 0.001₿ $10 / 0.001₿ ≤2000:1 Review
3  XM Group 4/5 $5 $30 Review
4  Alpari 3/5 $200 $300 ≤1000:1 Review
5 FxPrimus 2/5 $100 $100 ≤1000:1 Review
6  LiteFinance 3/5 $10 ≤1000:1 Review
7  FBS 3/5 $1 ≤3000:1 $70 Review
8  FxPro 3/5 $100 ≤1000:1 Review
9  Deriv 4/5 $5 ≤1000:1 Review
10 Fortrade 2/5 $100 $100 ≤200:1 Review
11  AMarkets 2/5 $100 $200 ≤3000:1 Review
12  XTB 4/5 ≤200:1 Review
13  Vantage 3/5 $100 $500 ≤500:1 Review
14  admirals 3/5 $1 ≤500:1 $100 Review
15  InstaForex 3/5 $1 ≤1000:1 $500 Review
16  FXOpen 2/5 $1 / 0.0001₿ $100 / 0.01₿ ≤500:1 $10 Review
17  Tickmill 3/5 $100 $100 ≤500:1 $30 Review
18 IronFX 2/5 $100 $100 ≤1000:1 Review
19 HFM 3/5 ≤1000:1 $35 Review
20  AvaTrade 3/5 $100 ≤400:1 Review
21  OctaFx 4/5 $50 $100 ≤500:1 Review
22  LQD 2/5 $20 ≤500:1 Review
23 FX Choice 2/5 $10 / 0.001₿ $100 / 0.01₿ ≤1000:1 $30 Review
24 TradersWay 2/5 $1 $10 ≤1000:1 Review
25 Trading212 3/5 $150 ≤20:1 Review
26  FreshForex 2/5 $1 $1 ≤2000:1 $2021 Review
27  FP Markets 2/5 $100 $100 ≤500:1 Review
28  NordFX 2/5 $5 $1000 ≤1000:1 Review
29  IQ Option 4/5 Review
30  FiboGroup 2/5 $1 $50 ≤1000:1 Review
31  ForexChief 2/5 $10 ≤1000:1 $100 Review
32 FxGlory 2/5 $1 ≤3000:1 Review
33 SuperForex 2/5 $1 ≤2000:1 $88 Review
34  FXTM 3/5 $50 $500 Review
35  Axi 2/5 $1 ≤400:1 Review
36 IFC Markets 2/5 $1000 ≤400:1 Review
37 BlackBull Markets 2/5 $1 ≤500:1 Review
38  EagleFX 2/5 $10 ≤500:1 Review
39  Weltrade 2/5 $25 ≤1000:1 Review
40 NPBFX 2/5 $10 ≤1000:1 Review
41  GrandCapital 2/5 $10 $500 ≤500:1 Review
42 HYCM 2/5 $100 ≤30:1 Review
43 LMFX 2/5 $10 ≤1000:1 Review
44 ThinkMarkets 2/5 $1 $500 Review
45  Eightcap 3/5 $100 ≤500:1 Review
46 SimpleFX 3/5 $1 / 0.0001₿ ≤500:1 Review
47 N1CM 2/5 $5 ≤1000:1 Review
48  ForexMart 2/5 $15 ≤3000:1 Review
49  Forexee 2/5 $50 $200 ≤500:1 $15 Review
50 Land-FX 2/5 $300 $2000 ≤500:1 Review
51  Orbex 2/5 $200 $500 ≤500:1 Review
52  worldforex 2/5 $1 ≤1000:1 $10 Review
53  Amega 2/5 $20 ≤1000:1 Review
54 Coinexx 2/5 0.001₿ ≤500:1 Review
55 Globex360 2/5 $100 ≤500:1 Review
56 Markets.com 2/5 $100 ≤300:1 Review
57 FXGiants 2/5 $100 $200 ≤1000:1 Review
58 HF Markets 2/5 $50 ≤30:1 Review
59 NSFX 2/5 $300 $3000 ≤50:1 Review
Popularity 4/5
Minimum Deposit $200
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $10 / 0.001₿
ECN $10 / 0.001₿ (Min. Deposit)
Leverage ≤2000:1
MT4
MT5
Soomaaliga

Popularity 4/5
Minimum Deposit $5
MT4
MT5
Bonus $30
Soomaaliga

Popularity 3/5
Minimum Deposit $200
ECN $300 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $1
Leverage ≤3000:1
MT4
MT5
Bonus $70 Residents within EEA are not eligible for this bonus
Soomaaliga

Popularity 3/5
Minimum Deposit $100
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 4/5
Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤200:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $100
ECN $200 (Min. Deposit)
Leverage ≤3000:1
MT4
MT5
Soomaaliga

12
Review
Popularity 4/5
Leverage ≤200:1
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $100
ECN $500 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $1
Leverage ≤500:1
MT4
MT5
Bonus $100
Soomaaliga

Popularity 3/5
Minimum Deposit $1
Leverage ≤1000:1
MT4
MT5
Bonus $500
Soomaaliga

Popularity 2/5
Minimum Deposit $1 / 0.0001₿
ECN $100 / 0.01₿ (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Bonus $10
Soomaaliga

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Bonus $30
Soomaaliga

Popularity 2/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Soomaaliga

19
Review
Popularity 3/5
Leverage ≤1000:1
MT4
MT5
Bonus $35 Residents within EEA are not eligible for this bonus
Soomaaliga

Popularity 3/5
Minimum Deposit $100
Leverage ≤400:1
MT4
MT5
Soomaaliga

Popularity 4/5
Minimum Deposit $50
ECN $100 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Soomaaliga

22
Review
Popularity 2/5
Minimum Deposit $20
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $10 / 0.001₿
ECN $100 / 0.01₿ (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Bonus $30 Residents within EEA are not eligible for this bonus
Soomaaliga

Popularity 2/5
Minimum Deposit $1
ECN $10 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $150
Leverage ≤20:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1
ECN $1 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5
Bonus $2021
Soomaaliga

Popularity 2/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $5
ECN $1000 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 4/5
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1
ECN $50 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5
Bonus $100
Soomaaliga

Popularity 2/5
Minimum Deposit $1
Leverage ≤3000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1
Leverage ≤2000:1
MT4
MT5
Bonus $88
Soomaaliga

Popularity 3/5
Minimum Deposit $50
ECN $500 (Min. Deposit)
MT4
MT5
Soomaaliga

35
Review
Popularity 2/5
Minimum Deposit $1
Leverage ≤400:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1000
Leverage ≤400:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $10
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $25
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $10
ECN $500 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Soomaaliga

42
Review
Popularity 2/5
Minimum Deposit $100
Leverage ≤30:1
MT4
MT5
Soomaaliga

43
Review
Popularity 2/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1
ECN $500 (Min. Deposit)
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $100
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $1 / 0.0001₿
Leverage ≤500:1
MT4
MT5
Soomaaliga

47
Review
Popularity 2/5
Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $15
Leverage ≤3000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $50
ECN $200 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Bonus $15
Soomaaliga

Popularity 2/5
Minimum Deposit $300
ECN $2000 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $200
ECN $500 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1
Leverage ≤1000:1
MT4
MT5
Bonus $10
Soomaaliga

Popularity 2/5
Minimum Deposit $20
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit 0.001₿
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $100
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $100
Leverage ≤300:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $100
ECN $200 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $50
Leverage ≤30:1
MT4
MT5
Soomaaliga

59
Review
Popularity 2/5
Minimum Deposit $300
ECN $3000 (Min. Deposit)
Leverage ≤50:1
MT4
MT5
Soomaaliga


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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: Australia · Belgium · Canada · Spain · France · Israel · Japan · Latvia · New Zealand · Portugal · Turkey · United States ·