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 ≤200:1 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 Pepperstone 3/5 $10 $10 ≤500:1 Review
13 XTB 4/5 ≤200:1 Review
14 Vantage 3/5 $100 $500 ≤500:1 Review
15 admirals 3/5 $1 ≤500:1 $100 Review
16 InstaForex 3/5 $1 ≤1000:1 $500 Review
17 FXOpen 2/5 $1 / 0.0001₿ $100 / 0.01₿ ≤500:1 $10 Review
18 Tickmill 3/5 $100 $100 ≤500:1 $30 Review
19 IronFX 2/5 $100 $100 ≤1000:1 Review
20 HFM 3/5 ≤1000:1 $35 Review
21 AvaTrade 3/5 $100 ≤400:1 Review
22 OctaFx 4/5 $50 $100 ≤500:1 Review
23 LQDFX 2/5 $20 ≤500:1 Review
24 FX Choice 2/5 $10 / 0.001₿ $100 / 0.01₿ ≤1000:1 $30 Review
25 TradersWay 2/5 $1 $10 ≤1000:1 Review
26 Trading212 3/5 $150 ≤20:1 Review
27 FreshForex 2/5 $1 $1 ≤2000:1 $2021 Review
28 FP Markets 2/5 $100 $100 ≤500:1 Review
29 NordFX 2/5 $5 $1000 ≤1000:1 Review
30 IQ Option 4/5 Review
31 FiboGroup 2/5 $1 $50 ≤1000:1 Review
32 ForexChief 2/5 $10 ≤1000:1 $100 Review
33 FxGlory 2/5 $1 ≤3000:1 Review
34 SuperForex 2/5 $1 ≤2000:1 $88 Review
35 FXTM 3/5 $50 $500 Review
36 Axi 2/5 $1 ≤400:1 Review
37 IFC Markets 2/5 $1000 ≤400:1 Review
38 BlackBull Markets 2/5 $1 ≤500:1 Review
39 EagleFX 2/5 $10 ≤500:1 Review
40 Weltrade 2/5 $25 ≤1000:1 Review
41 NPBFX 2/5 $10 ≤1000:1 Review
42 GrandCapital 2/5 $10 $500 ≤500:1 Review
43 HYCM 2/5 $100 ≤30:1 Review
44 LMFX 2/5 $10 ≤1000:1 Review
45 ThinkMarkets 2/5 $1 $500 Review
46 Eightcap 3/5 $100 ≤500:1 Review
47 SimpleFX 3/5 $1 / 0.0001₿ ≤500:1 Review
48 NumberOne CM 2/5 $5 ≤1000:1 Review
49 ForexMart 2/5 $15 ≤3000:1 Review
50 Forexee 2/5 $50 $200 ≤500:1 $15 Review
51 Land-FX 2/5 $300 $2000 ≤500:1 Review
52 Orbex 2/5 $200 $500 ≤500:1 Review
53 worldforex 2/5 $1 ≤1000:1 $10 Review
54 Amega 2/5 $20 ≤1000:1 Review
55 Coinexx 2/5 0.001₿ ≤500:1 Review
56 Globex360 2/5 $100 ≤500:1 Review
57 Markets.com 2/5 $100 ≤300:1 Review
58 FXGiants 2/5 $100 $200 ≤1000:1 Review
59 HF Markets 2/5 $50 ≤30:1 Review
60 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 ≤200:1
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

Popularity 3/5
Minimum Deposit $10
ECN $10 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Soomaaliga

13
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

20
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

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

36
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

43
Review
Popularity 2/5
Minimum Deposit $100
Leverage ≤30:1
MT4
MT5
Soomaaliga

44
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

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

60
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 ·