Following our in-depth review and ranking process, here are the best forex brokers in Egypt;
Table of Contents
Best Forex Brokers in Egypt
- TickMill
- XTB
- IG
- XM
- FBS
1. Tickmill
Tickmill is a global leading forex and CFD provider established in 2015 by the Tickmill Group. It offers a variety of global markets including forex, stocks, indices, oil, precious metals, bonds and cryptocurrencies, with over 100+ instruments to trade.
Tickmill offers an excellent brokerage service, with trading solutions suitable for retail traders and institutional clients respectively. It offers different tailored account types with different account options, which traders can choose from to enjoy a trading experience that meets their trading needs. Other great trading services offered by the broker includes; ultra-low spreads from 0.0 pips, competitive commission rates, super-fast trade execution, support for all trading strategies, industry-standard trading platforms, multiple fast and secure payment methods, and a multilingual customer support service, among others.
Tickmill Overview
| Broker | Tickmill |
|---|---|
| Regulation | FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), LFSA (Malaysia), FSA (Seychelles), BaFin (Germany), CONSOB (Italy), ACPR (France), CNMV (Spain). |
| Forex Pairs | 64 |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $100 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, PLN |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards (MasterCard, VISA), Skrill, Neteller, SticPay FasaPay, UnionPay, NganLuong.vn Qiwi, WebMoney |
Pros
- Strong regulatory framework.
- Top tier liquidity.
- Client funds are segregated.
- Negative balance protection.
- Beginner friendly.
- Hassle-free account registration process.
- Offers a variety of asset classes.
- Over 64 currency pairs, including major, minor and exotic currency pairs.
- Multiple unique account types.
- High Leverage from 1:1 to 1:500.
- Supports all trading strategies (including hedging, scalping, algorithmic trading etc).
- Ultra-fast trade execution
- Industry-standard trading platforms available in web, mobile and desktop versions.
- Transparent fee structure, with no hidden charges.
- No deposit and withdrawal fee.
- Competitive spreads and low commissions.
- Great educational and research offering.
- Dedicated multi-lingual customer support service.
Cons
- No proprietary trading platform.
- Limited range of instruments.
2. XTB
XTB (X-Trade) is one of the largest stock exchange-listed brokers in the world, owned and operated by XXZW Investment Group SA. XTB offers CFDs across a wide range of global markets including Forex, Commodities, Indices, Stock and ETFs, with over 2100+ instruments to trade.
XTB offers an outstanding brokerage solution for beginners and professionals and also provides support for all types of trading styles and strategies. It also offers an extensive list of great brokerage services such as low-cost trading, consistently tight spreads, deep liquidity, clients account protection, excellent education and research offering, an extensive list of secure deposit and withdrawal methods, a wonderful customer support service and lots more.
XTB Overview
| Broker | X-Trade Brokers (XTB) |
|---|---|
| Regulation | FCA, CySEC, PFSA, KNF, and IFSC |
| Forex Pairs | 57 Currency Pairs |
| Trading Platforms | xStation 5, MetaTrader 4, xStation Mobile |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, HUF, PLN |
| Payment Methods | Bank Wire Transfer, Credit/Debit Cards, Paypal, Skrill, Neteller, PaySafe, SafetyPay, Paydoo, PayU, ECOMMPAY, BlueCash, Blik, Sofort |
Pros
- Strong regulatory framework.
- Over 15 years industry experience.
- Deep liquidity.
- Negative Balance Protection.
- Listed on the London Stock Exchnage.
- Global coverage with over 15 offices across the globe.
- 353,000+ Clients worldwide.
- Beginner Friendly.
- Multiple fast and secure deposit and withdrawal methods.
- Fast deposit and withdrawal processing time.
- Industry standard trading platforms available in web, mobile and desktop versions.
- Ultra-low forex trading fee.
- Consistently low spreads from 0.5 pips.
- Extensive library of educational materials including videos, webinars and courses suitable for both beginners and experienced investors.
- Great bonuses.
- Fast and high quality customer support.
Cons
- Limited account base currency options.
3. IG
IG is a highly reputable global online broker established by IG Group plc; a publicly-traded company listed on the London Stock Exchange. IG offers CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rate, sectors and ETFs with over 17,000+ instruments available to trade.
IG offers an exceptional brokerage service, with trading solutions suitable for retail (beginners and professionals) and institutional clients (such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks and introducing brokers). Also, traders can get access to an extensive list of great brokerage services including deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms, competitive spreads, expert customer support service, and much more.
IG Overview
| Broker | IG |
|---|---|
| Regulation | CFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), DFSA (UAE), BMA (International) |
| Forex Pairs | 81 |
| Trading Platforms | ProRealTime, L2 Dealer, MetaTrader 4 |
| Minimum Deposit | $300 (or currency equivalent) |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:200 |
| Account Currencies | USD, GBP, AUD, EUR, SGD, HKD. |
| Payment Methods | Bank Wire Transfer, Credit/Debit Cards, Paypal |
Pros
- Strong regulatory framework.
- Listed on the stock exchange.
- 45+ years of industry experience.
- 313,000+ clients worldwide.
- Deep liquidity.
- Negative balance protection.
- Volume-based rebates.
- Industry-standard trading platforms available in web, mobile and desktop versions.
- Competitive spreads from 0.6 pips on major currency pairs.
- Fast and secure payment methods.
- No minimum deposit for bank transfer.
- Excellent eductional offering for beginner, intermediate and advanced traders.
- Outstanding research offering.
- Great customer support service.
Cons
- Inactivity fee charged (after 2 years of inactivity).
- No support for copy trading and social trading.
- High financing rate.
- Limited product portfolio in some countries.
- No support for social trading and copy trading.
4. XM
Established by the Trading Point Group, XM is a multi-award-winning online broker, as well as one of the biggest forex and CFD providers (by trade volume) in the world. It connects traders to a wide variety of global markets including forex and CFDs on stocks, commodities, equity indices, precious metals, energies and shares with over 1000+ instruments to trade.
XM offers a well-established brokerage solution for both beginner and professional retail traders. It is also suitable for all trading strategies and offers different account types with great account options, which traders can choose from to enjoy a tailored trading experience that perfectly suits their trading needs. In addition, traders can also gain access to multiple industry-standard brokers, deep liquidity, tight spreads, fast order execution, negative balance protection, a dedicated multilingual customer support service, and much more.
XM Overview
| Broker | XM |
|---|---|
| Regulation | CySEC (Cyprus), DFSA (United Arab Emirates), ASIC (Australia), IFSC (Belize), FCA (United Kingdom), BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands) and FI (Sweden). |
| Forex Pairs | 55 Currency Pairs. |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $5 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:888 |
| Account Currencies | USD, EUR, GBP, JPY, CHF,AUD, HUF, PLN, RUB, SGD, ZAR |
| Payment Methods | Wire Transfer, Internet Banking, Local Bank Transfer, Credit/ Debit Cards, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI |
Pros
- Strong regulatory framework.
- Easy account registration process.
- Supports over 30 languages.
- Beginner friendly.
- Deep liquidity.
- Fast order execution
- Multiple tailored account types.
- Offers swap-free account.
- Ultra low spreads from 0.0 pips on the Zero account.
- Low minimum deposit.
- Industry-standard trading platforms available in web, mobile and desktop versions.
- Supports all trading strategies.
- Support over 11 account base currencies.
- Multiple fast and secure deposit and withdrawal methods..
- Quality education & research offering.
- Great customer support service.
Cons
- No proprietary trading platform.
5. FBS
FBS is a highly reputable global online broker established and operated by FBS Markets Inc.; a globally recognized brand with over 22 million clients across 190+ countries worldwide. FBS offers CFD trading across a variety of asset classes including forex, metals, stocks, energies, indices and cryptocurrencies, with over 150+ instruments to trade.
FBS offers an exceptional brokerage service suitable for both newbie and professional retail clients. It offers various unique account types which clients can choose from to enjoy a tailored trading experience. Also, traders can enjoy many great trading conditions and services including deep liquidity, ultra-fast order execution, flexible & high leverage (from 1:1 to 1:3000), ultra-low spreads from 0.0 pips, industry-standard trading platforms, multiple fast & secure payment methods, dedicated customer support available 24/7 and much more.
FBS Overview
| Broker | FBS |
|---|---|
| Regulation | IFSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) |
| Forex Pairs | 50+ |
| Trading Platforms | FBS Trader, MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $1 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:3000 |
| Account Currencies | USD, EUR |
| Payment Methods | Bank Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, OkPay, FasaPay, Local Deposits, SticPay |
Pros
- Strong regulatory framework.
- Newbie friendly.
- Over 12 years of industry experience.
- Partner with top brands such as Leicester City FC and FC Barcelona.
- Supports all trading strategies allowed.
- Demo account with unlimited usage duration.
- Negative balance protectiion.
- Deep liquidity.
- Low latency and fast order execution.
- 50+ Currency pairs including major, minor and exotic currency pairs.
- Low minimum deposit, starting from $1.
- Flexible and high leverage from 1:1 to 1:3000.
- Ultra-low spreads from 0.0 pips.
- Great bonuses and contests for traders.
- Tailored account types with great trading conditions and tools.
- Fast and secure deposit and wthdrawal methods.
- Industry standard trading platforms available in web, mobile and desktop versions.
- Quality educational offering, including, e-courses, webinars and video tutorials.
- Offers social/ copy trading through its proprietary copy trading platform (FBS CopyTrade).
- Friendly customer support service, available 24/7 in over 18 languages.
Cons
- Limited Product offering.
- Limited account base currencies.
- Limited amount of instruments compared to competitors.