10 Top Regulated Forex Brokers in Guinea (2021)
Overview
Guinea is a small west African country that is not known for being a major forex trading hub, however, this is changing as more brokers start accepting traders from the country. There is currently no regulatory framework in place to monitor forex trading.
For this reason, it is imperative that traders only make use of reputable and regulated brokers to ensure that they are offered with a secure, safe trading environment and client fund security.
The brokers on the list below offer their services and solutions to traders based in Guinea.
OctaFX
OctaFX is a reputable broker that offers traders with powerful trading platforms, flexible trading accounts, and a range of forex and CFD instruments to trade.
Pros and Cons
PROS | CONS |
Fixed spread accounts offered | US clients not accepted |
Commission-free trading offered | Limited trading instruments |
FP Markets
FP Markets is a well-established broker offering the trade in more than 10,000 financial instruments across a range of asset classes.
Pros and Cons
PROS | CONS |
Strict regulation | US clients not accepted |
ECN pricing model | Restricted leverage for EU clients |
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FXCM
FXCM is a well-established broker that offers a range of financial instruments which can be traded through powerful and flexible trading platforms.
Pros and Cons
PROS | CONS |
Well-regulated | US, Ukraine, Turkey, Russia, and other jurisdictions not accepted |
FSCS member | Limited tradable financial instruments |
Plus500
Plus500 is a popular and reputable CFD and forex broker that offers more than 2,000 financial instruments to trade on a proprietary trading platform.
Pros and Cons
PROS | CONS |
Strict regulation | US clients not accepted |
User-friendly trading platform | Fixed spreads not offered |
easyMarkets
easyMarkets has been offering comprehensive trading solutions since 2001 and offers traders with more than 200 financial instruments, powerful trading platforms, and competitive trading conditions.
Pros and Cons
PROS | CONS |
Strict regulation | US clients not accepted |
Fixed spreads offered | Variable spreads not offered |
IC Markets
IC Markets is a large true ECN broker offering the trade in more than 230 financial instruments spread across several asset classes.
Pros and Cons
PROS | CONS |
Strict regulation | US clients not accepted |
Low fees, tight spreads, and fast trade execution | Fixed spreads not offered |
XM
XM is a multi-award-winning broker that offers competitive trading conditions, no-requotes, low spreads, and fast trade execution.
Pros and Cons
PROS | CONS |
Well-regulated | US clients not accepted |
Hedging and scalping allowed | Fixed spreads not provided |
FXTM
FXTM is an award-winning broker offering the trade in more than 250 financial instruments with strict regulation through several reputable entities.
Pros and Cons
PROS | CONS |
Well-regulated | US clients not accepted |
Commission-free trading offered | Restricted leverage for EU clients |
RoboForex
RoboForex is an award-winning broker offering the trade in more than 9,400 financial instruments.
Pros and Cons
PROS | CONS |
Negative balance protection | US clients not accepted |
Multiple trading platforms offered | Fixed spreads not offered |
IQ Option
IQ Option is a regulated and award-winning broker that offers a variety of tradable financial instruments.
Pros and Cons
PROS | CONS |
Well-regulated | US clients not accepted |
Advanced trading tools offered | Fixed spread accounts not offered |
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