7 Best Regulated Forex Brokers in Guinea
Overview
Guinea is not known for being a major forex trading hub and the government has not yet made any kind of attempt to reform the regulatory structure for forex to be integrated within it.
Forex trading is still a foreign concept for most of the population, however, there are more traders who are showing an interest in trading forex. There is currently no regulatory entity that oversees trading in Guinea, however, there are regulated and reputable brokers that accept traders from this small West African country.
XM
XM is a multi-award-winning broker that is globally established Traders are provided with competitive trading conditions and the benefit of no-requotes, low spreads, fast execution speeds, and negative balance protection.
Pros and Cons
| PROS | CONS |
| Strict regulation through reputable entities | US clients not allowed |
| Negative balance protection | |
| Multiple industry awards |
FXTM
FXTM is an award-winning broker that offers the trade in more than 250 financial instruments. FXTM is regulated by several entities in multiple jurisdictions. Traders are offered with a range of educational material, trading tools, and a choice in flexible account types.
Pros and Cons
| PROS | CONS |
| 250+ financial instruments | US clients not accepted |
| Segregated client funds | Restricted leverage for EU clients |
| Low minimum deposit |
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Exness
Exness is a reputable online trading broker that caters for traders from around the world. Traders have access to a variety of financial instruments, powerful trading platforms, and competitive trading conditions.
Pros and Cons
| PROS | CONS |
| Strictly regulated | US Clients not allowed |
| High maximum leverage offered | Accounts are not multi-currency |
| Powerful trading platforms supported |
AvaTrade
AvaTrade is a multi-award-winning, popular broker with multi-regulation, offering traders with the comprehensive trade in more than 250 financial instruments.
Pros and Cons
| PROS | CONS |
| Strict, multiple regulation | US clients not accepted |
| Negative balance protection | Variable spreads not offered |
| Fixed spreads and fast trade execution |
FXPRIMUS
FXPRIMUS is an online trading broker that places emphasis on client safety as well as education while offering traders with the latest trading technology and competitive trading conditions.
Pros and Cons
| PROS | CONS |
| Segregated client funds | US client not accepted |
| Commission-free trading accounts | Fixed spreads not offered |
| VPS service offered |
CM Trading
CM trading is the largest online broker in South Africa, offering traders with access to global financial markets, a wide range of forex and CFDs, and a decent selection of education and market analysis.
Pros and Cons
| PROS | CONS |
| Well-regulated | US clients not accepted |
| Commission-free accounts offered | High minimum deposit requirement |
| Hedging and scalping allowed | No fixed spread accounts |
XTB
XTB is one of the largest brokers in the industry offering reliable trading solutions, a range of forex and CFD instruments, and an award-winning trading platform. In addition, traders are also offered with negative balance protection, sentiment analysis tools, and live market commentary.
Pros and Cons
| PROS | CONS |
| Strict regulation | US clients not accepted |
| Award-winning xStation trading platform | Restricted leverage for EU clients |
| Dedicated personal account manager offered | Fixed spread accounts not offered |
