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

Popularity 4/5
Minimum Deposit $200
MT4
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Soomaaliga

Popularity 4/5
Minimum Deposit $10
ECN $10 (Min. Deposit)
MT4
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Soomaaliga

Popularity 4/5
Minimum Deposit $5
MT4
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Soomaaliga

Popularity 4/5
Minimum Deposit $5
MT4
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Soomaaliga

Popularity 3/5
Minimum Deposit $5
MT4
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Soomaaliga

Popularity 3/5
MT4
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Soomaaliga

Popularity 3/5
Minimum Deposit $10
MT4
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Soomaaliga

Popularity 3/5
Minimum Deposit $50
ECN $300 (Min. Deposit)
MT4
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Soomaaliga

Popularity 4/5
Minimum Deposit $50
ECN $500 (Min. Deposit)
MT4
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Soomaaliga

Popularity 3/5
Minimum Deposit $1
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit $100
ECN $200 (Min. Deposit)
MT4
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Soomaaliga

Popularity 3/5
Minimum Deposit $100
MT4
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Soomaaliga

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
MT4
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Soomaaliga

15
Review
Popularity 3/5
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit $200
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit $20
MT4
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Soomaaliga

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
MT4
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Soomaaliga

20
Review
Popularity 4/5
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit $1
ECN $2000 (Min. Deposit)
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit $10 / 0.001₿
ECN $10 / 0.001₿ (Min. Deposit)
MT4
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Soomaaliga

Popularity 3/5
Minimum Deposit $1
MT4
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Soomaaliga

Popularity 3/5
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit $10
MT4
MT5
Soomaaliga

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

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1 / 0.0001₿
ECN $100 / 0.01₿ (Min. Deposit)
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $20
MT4
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Soomaaliga

31
Review
Popularity 3/5
Minimum Deposit $1
MT4
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Soomaaliga

Popularity 3/5
Minimum Deposit $100
MT4
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Soomaaliga

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

Popularity 2/5
Minimum Deposit $10
ECN $100 (Min. Deposit)
MT4
MT5
Soomaaliga

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

Popularity 2/5
Minimum Deposit $10
MT4
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Soomaaliga

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

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $10
ECN $500 (Min. Deposit)
MT4
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Soomaaliga

40
Review
Popularity 2/5
Minimum Deposit $10
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit $25
MT4
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Soomaaliga

42
Review
Popularity 2/5
Minimum Deposit $20
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $10
ECN $2000 (Min. Deposit)
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $10
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1 / 0.0001₿
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit 0.001₿
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit $15
MT4
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Soomaaliga

Popularity 2/5
Minimum Deposit $200
ECN $500 (Min. Deposit)
MT4
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Soomaaliga

50
Review
Popularity 2/5
Minimum Deposit $5
MT4
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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.

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