Brokers

5 Best Forex Brokers in Sudan

The Sudan, which is most known for its abundant oil resources, has a growing population of participating Forex traders.

Trading in foreign exchange (Forex) is legal in Sudan because the exchange of currency is required in order to do business. Despite this, however, there are currently no locally authorized Forex Brokers operating in the nation.

This article examines the 5 best globally licensed forex brokers and trading platforms that are available to traders from Sudan.

 

1.     Exness

Overview

In total, Exness provides traders with five distinct trading account types and is one of the best Forex brokers in Sudan.

In addition to the Standard, the Standard Cent is also a part of the Standard Account family. Raw Spread, Pro, and Zero Accounts are our three most advanced plans for its professional users.

There are a variety of account types to choose from, including a demo account and an Islamic swap-free account.

Read the comprehensive Exness Review.

 

Pros and Cons

PROS CONS
Well-regulated
Tight spreads
Over 130 currency pairs

 

 

Features

Feature Information
Regulation CySEC, FCA
Minimum deposit from $1
Average spread from 1.3 pips
Commissions from 3 USD and 10 USD per 1 lot for CFDs
Deposit/Withdrawal Fees None
Maximum Leverage 1:2000
Bonuses Standard +10% Bonus Programme
Customer Support 24/5 – multilingual

 

2.     AvaTrade

Overview

AvaTrade was established in 2006 and is a Forex, CFD, Spread Bet, and Social Trade broker. Over 250 assets, 30 advanced charting tools, trading history, and other resources are available to traders using MetaTrader 4 across all markets.

Read the comprehensive AvaTrade Review

 

Pros and Cons

PROS CONS
Broad range of tradable instruments High EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

 

 

Features

Feature Information
Regulation Central Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission on Forex
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses First Deposit Bonus
Customer Support 24/5 – multilingual

 

 

3.     XM

Overview

XM serves customers in more than 196 countries and provides service in 30 different tongues making it one of the best Forex brokers in Sudan. CySEC is the governing body for the main office, which is located in Cyprus. Because of the extensive selection of trading items, XM has over 1.5 million customers.

Micro Accounts, Standard Accounts, XM Ultra Low Accounts, and Shares Accounts are the four primary account options.

 

Pros and Cons

Pros

Low minimum deposit

Comprehensive educational offering

Streamlined account opening process

 

Cons

Inactivity fee charged after 90 days on live accounts

Limited product portfolio

 

 

 

Features

Feature Information
Regulation IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from $5
Average spread from 0.1 pips
Commissions from $3.5 commission per $100 000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses $30 Trading Bonus
Customer Support 24/5

 

 

4.     HF Markets

Overview

With the HF Markets MT5 Terminal, traders have access to 21 different timeframes, advanced analysis tools, trading across all HotForex asset classes, nearly 100 charts at once, hedging, one-click trading, 80+ technical indicators, and an integrated economic calendar.

Read the comprehensive HF Markets review.

 

Pros and Cons

Pros

 

No deposit or withdrawal fees

Competitive spreads

Cons

 

High commission charges on the Zero account

 

Features

Feature Information
Regulation CySEC, DFSA, FCA, FSA, FSCA
Minimum deposit from $5
Average spread from 0,0 pips
Commissions from USD 0.03 per 1K lot.
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses 100% Supercharged Bonus
Customer Support 24/5

 

 

5.     FxPro

Overview

Founded in 2006, FXPro is a full-service online broker that facilitates transactions in Foreign Exchange (FX), Share Dealing (Stock Trading), Futures (CFDs), Spot Indices (Spot Indices), Spot Metals (Spot Metals), and Spot Energies (Spot Energies).

A minimum deposit of USD100 is required to open an account with FXPro, which gives traders access to top-tier liquidity and advanced transaction execution without dealing desk interference.

 

Pros and Cons

PROS CONS
Wide selection of market instruments
Client funds stored in segregated accounts

Low trading fees

 

Features

Feature Information
Regulation FCA, CySEC, FSCA
Minimum deposit from $100
Average spread from 1.7 pips
Commissions from $45 per million USD traded.
Deposit/Withdrawal Fees 1.6% for debit and credit card
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

(ST)

 

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.