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

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

Popularity 4/5
Minimum Deposit $10
ECN $10 (Min. Deposit)
Leverage ≤2000:1
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 4/5
Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5
Soomaaliga

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

Popularity 3/5
Minimum Deposit $100
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 $50
ECN $500 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Soomaaliga

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

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

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

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

15
Review
Popularity 3/5
Leverage ≤2000:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $200
Leverage ≤500:1
MT4
MT5
Soomaaliga

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

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

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

21
Review
Popularity 4/5
Leverage ≤200:1
MT4
MT5
Soomaaliga

Popularity 2/5
Minimum Deposit $1
Leverage ≤500:1
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 3/5
Minimum Deposit $1
Leverage ≤1000:1
MT4
MT5
Bonus $500
Soomaaliga

Popularity 3/5
MT4
MT5
Soomaaliga

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

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

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

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

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

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

33
Review
Popularity 3/5
Minimum Deposit $1
Leverage ≤400:1
MT4
MT5
Soomaaliga

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

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

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

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

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

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

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤30:1
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 $10
Leverage ≤1000:1
MT4
MT5
Soomaaliga

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

44
Review
Popularity 2/5
Minimum Deposit $20
Leverage ≤30:1
MT4
MT5
Soomaaliga

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

Popularity 3/5
Minimum Deposit $100
Leverage ≤300:1
MT4
MT5
Soomaaliga

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

Popularity 2/5
Minimum Deposit $1 / 0.0001₿
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 0.001₿
Leverage ≤500:1
MT4
MT5
Soomaaliga

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

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

53
Review
Popularity 2/5
Minimum Deposit $5
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 ·