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  RoboForex 4/5 $10 $10 ≤2000:1 Review
2  IC Markets 4/5 $200 ≤500:1 Review
3  XM Group 4/5 $5 ≤6000:1 $50 Review
4 FxPrimus 2/5 $100 $100 ≤1000:1 Review
5  FBS 3/5 $5 ≤3000:1 Review
6  LiteFinance 3/5 $10 ≤1000:1 Review
7  Alpari 3/5 $200 $300 ≤1000:1 Review
8  Deriv 4/5 $5 ≤1000:1 Review
9  FxPro 3/5 $100 ≤1000:1 Review
10  admirals 3/5 $1 ≤500:1 Review
11 HFM 3/5 ≤2000:1 Review
12 Fortrade 3/5 $100 $100 ≤200:1 Review
13  Tickmill 3/5 $100 $100 ≤500:1 $30 Review
14  Vantage 3/5 $50 $500 ≤500:1 Review
15  FXOpen 2/5 $1 / 0.0001₿ $100 / 0.01₿ ≤500:1 $10 Review
16  XTB 4/5 ≤200:1 Review
17  OctaFx 4/5 $50 $100 ≤500:1 Review
18  AMarkets 2/5 $100 $200 ≤3000:1 Review
19  FP Markets 2/5 $100 $100 ≤500:1 Review
20  AvaTrade 3/5 $100 ≤400:1 Review
21  InstaForex 3/5 $1 ≤1000:1 $500 Review
22 IronFX 2/5 $100 $100 ≤1000:1 Review
23  FreshForex 2/5 $10 / 0.001₿ $10 / 0.001₿ ≤2000:1 $2024 Review
24  LQDfx 2/5 $20 ≤1000:1 Review
25 BlackBull Markets 2/5 $1 ≤500:1 Review
26 ThinkMarkets 3/5 $1 $500 Review
27 FxGlory 2/5 $1 ≤3000:1 Review
28  xChief 2/5 $10 ≤1000:1 $100 Review
29 IFC Markets 2/5 $1000 ≤400:1 Review
30 TradersWay 2/5 $1 $10 ≤1000:1 Review
31  Weltrade 2/5 $25 ≤1000:1 Review
32  NordFX 2/5 $5 $1000 ≤1000:1 Review
33  GrandCapital 2/5 $10 $500 ≤500:1 Review
34  FXTM 3/5 $50 $500 Review
35  EagleFX 2/5 $10 ≤500:1 Review
36 LMFX 2/5 $10 ≤1000:1 Review
37  Axi 3/5 $1 ≤400:1 Review
38  IQ Option 3/5 Review
39  FiboGroup 2/5 $1 $50 ≤1000:1 Review
40  Eightcap 3/5 $100 ≤500:1 Review
41 HYCM 2/5 $20 ≤30:1 Review
42 N1CM 2/5 $5 ≤1000:1 Review
43 Land-FX 2/5 $300 $2000 ≤500:1 Review
44  worldforex 2/5 $1 ≤1000:1 $10 Review
45 SimpleFX 2/5 $1 / 0.0001₿ ≤500:1 Review
46  ForexMart 2/5 $15 ≤3000:1 Review
47 NPBFX 2/5 $10 ≤1000:1 Review
48 Coinexx 2/5 0.001₿ ≤500:1 Review
49  Orbex 2/5 $200 $500 ≤500:1 Review
50 Markets.com 2/5 $100 ≤300:1 Review
51  Amega 2/5 $20 ≤1000:1 Review
52 FXGiants 2/5 $100 $200 ≤1000:1 Review
Popularity 4/5
Minimum Deposit $10
ECN $10 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5
Soomaaliga

Popularity 4/5
Minimum Deposit $200
Leverage ≤500:1
MT4
MT5
Soomaaliga

Popularity 4/5
Minimum Deposit $5
Leverage ≤6000:1
MT4
MT5
Bonus $50 Residents within Australia are not eligible for this bonus
Soomaaliga

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

Popularity 3/5
Minimum Deposit $5
Leverage ≤3000:1
MT4
MT5
Soomaaliga

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

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

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

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

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

11
Review
Popularity 3/5
Leverage ≤2000:1
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤200:1
MT4
MT5
Soomaaliga

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Bonus $30 Residents within Australia are not eligible for this bonus
Soomaaliga

Popularity 3/5
Minimum Deposit $50
ECN $500 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Soomaaliga

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

16
Review
Popularity 4/5
Leverage ≤200:1
MT4
MT5
Soomaaliga

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

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

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

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

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

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

Popularity 2/5
Minimum Deposit $10 / 0.001₿
ECN $10 / 0.001₿ (Min. Deposit)
Leverage ≤2000:1
MT4
MT5
Bonus $2024
Soomaaliga

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

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

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

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

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

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

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

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

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

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

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

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

36
Review
Popularity 2/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5
Soomaaliga

37
Review
Popularity 3/5
Minimum Deposit $1
Leverage ≤400:1
MT4
MT5
Soomaaliga

Popularity 3/5
MT4
MT5
Soomaaliga

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

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

41
Review
Popularity 2/5
Minimum Deposit $20
Leverage ≤30:1
MT4
MT5
Soomaaliga

42
Review
Popularity 2/5
Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5
Soomaaliga

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

Popularity 2/5
Minimum Deposit $1
Leverage ≤1000:1
MT4
MT5
Bonus $10 Residents within EEA are not eligible for this bonus
Soomaaliga

Popularity 2/5
Minimum Deposit $1 / 0.0001₿
Leverage ≤500:1
MT4
MT5
Soomaaliga

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

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

Popularity 2/5
Minimum Deposit 0.001₿
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 $100
Leverage ≤300:1
MT4
MT5
Soomaaliga

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

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