Last Update: June 26th, 2024
The 4 Best Forex Brokers in Rwanda – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Rwanda.
In this in-depth guide you will learn:
- The Best Forex Brokers in Rwanda – a List
- Is Forex Trading Legal in Rwanda?
- The Best Forex Brokers for Traders in Rwanda
- The Best Bureau in Kigali Rwanda
- The Rwanda Stock Exchange
- Best Forex Brokers using Mobile Money
- The Best Forex Brokers in Africa for Beginners
and much, MUCH more!
4 Best Forex Brokers in Rwanda – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Rwandan Traders | 💶 Min. Deposit (RWF) |
| 🥇 Exness | 👉 Click Here | ✅Yes | 13050,00 |
| 🥈 AvaTrade | 👉 Click Here | ✅Yes | 130500,00 |
| 🥉 XM | 👉 Click Here | ✅Yes | 6525,00 |
| 🏅 Pepperstone | 👉 Click Here | ✅Yes | 173536,29 |
4 Best Forex Brokers in Rwanda (2024)
- ☑️ Exness – Overall, the Best Forex Broker in Rwanda
- ☑️ AvaTrade – Best Overall Trading Experience
- ☑️ XM – Best Mobile Trading Experience
- ☑️ Pepperstone – High User Trust Score
Exness
Exness is a highly trusted and regulated Forex and CFD Broker. Regulations include FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, and, the CMA. In addition, notable Factors, Features, and Benefits to consider include:
- 24/7 Dedicated Customer Support
- Standard Cent and Standard Accounts
- Raw Spread, Zero, and, Pro Accounts
- Demo and Islamic, Swap-Free Options
- Over 100 Currency Pairs
- Low 10 USD minimum Deposit
Trading Instruments include Forex, Commodities, Stocks, Indices, and Cryptocurrencies. Moreover, Scalping and Hedging are provided. Exness Supports Proprietary Trading Platforms, MetaTrader 4, and, MetaTrader 5.
| 🔎 Broker | 🥇 Exness |
| 💴 Minimum Deposit | 10 USD |
| 📈 Spreads | From 0.0 pips EUR |
| 📉 Leverage | Unlimited |
| 🪙 Currency Pairs | 100+ |
| 🤝 Affiliate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Flexible trading accounts | Demo account is only valid for 21 days |
| Well-regulated + Comprehensive fund protection | Limited product portfolio |
| Powerful trading platforms | Country Restrictions |
Our Insights
The benefits of trading with Exness include flexible trading accounts, comprehensive fund protection, and, several trading platforms.
AvaTrade
AvaTrade is a leading and popular Forex and CFD Brokerage in Africa. Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. In addition, notable Factors, Features, and Benefits to consider include:
- Retail, Islamic, and, Demo Accounts
- Access to over 50 Currency Pairs
- 24/5 Customer Support
- ZAR, USD, GBP, and, AUD Base Currencies
- Affiliate Programs
Trading Instruments include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs. AvaTrade supports AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade.
| 🔎 Broker | 🥇 AvaTrade |
| 💴 Minimum Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
When compared, AvaTrade offers an excellent and highly regulated trading environment. Moreover, Beginners will benefit from the AvaTrade Academy.
XM
XM is a leading financial services provider with a strong reputation. Regulations include FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA. In addition, notable Factors, Features, and Benefits to consider include:
- Multiple Bonus Offers and Promotions
- Multiple Base Currencies including USD, EUR, and, GBP
- Spreads from 0.6 Pips
- Leverage of up to 1:1000
- Over 50 Currency Pairs
- A Low 5 USD Minimum Deposit
- An inactivity Fee is charged
- Micro, Standard, Ultra-Low, and, Shares accounts.
- Islamic, Swap-Free, and Demo Options
Trading Instruments include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks. XM supports MT4 and MT5. In addition, an XM Mobile App is available.
| 🔎 Broker | 🥇 XM |
| 💴 Minimum Deposit | $5 USD |
| 🎁 Bonus Offers | ✅Yes |
| 📈 Account Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| ⏰ Support Hours | 24/7 |
| 🆓 Demo Account | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum deposit | No social trading features available |
| Unlimited Demo Account | Inactivity Fees |
Our Insights
The benefits of trading with XM include access to 24/7 Customer Care in over 30 Languages.
Pepperstone
Pepperstone is a highly regulated and well-established Forex and CFD Brokerage. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB. In addition, notable Factors, Features, and Benefits to consider include:
- Standard, Razor, Demo, and, Islamic Accounts
- USD and GBP Base Currencies
- Spreads from 0.0 Pips
- Leverage of up to 1:500 on the Pro Account
- Over 70 Currency Pairs
Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Pepperstone supports TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include access to impressive customer support and educational resources.
Is Forex Trading legal in Rwanda?
Forex Trading in Rwanda is legal and well-regulated by the country’s Local Bank.
The National Bank of Rwanda
The National Bank of Rwanda is the central bank of Rwanda. Moreover, it is a leading member of the Alliance for Financial Inclusion. The NBR is located in Kigali.
Kigali – Rwanda
Kigaliis the capital and largest city of Rwanda.
The Rwanda Stock Exchange – RSE
The Rwanda Stock Exchange was established in 2011. Currently, theRSEtrades five listed local andEast African companies. Moreover, it trades three government and one corporate fixed-income instrument.
In Conclusion
Forex Trading in Rwanda has seen a notable rise in popularity amongst local investors. In addition, it is legal and regulated by the National Bank.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While reviewing the Best Forex Brokers that accept Rwandan Traders, we found 4 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like:
Exness Review
AvaTrade Review
XM Review
Pepperstone Review
