Equatorial Guinea Forex brokers explored

Equatorial Guinea, also known as the Republic of Equatorial Guinea or Equatoguinea, is a country situated on the western coast of Africa. It consists of islands and a mainland region, with a population of 1.4 million, predominantly of the Fang ethnic group. In 2022, the estimated GDP per capita was about $18,000, contributing to a total GDP of $27 billion. Equatorial Guinea holds the 133rd position in nominal GDP rankings, estimated at $16 billion. Traders dealing with the country need to be mindful of the timezone difference, as it follows the UTC+1 zone. Forex brokers in Equatorial Guinea need to acquire licenses from foreign jurisdictions since there isn't a dedicated local regulatory body overseeing financial services. This emphasizes the need for caution among traders when selecting a broker. Opting for brokers regulated by reputable international entities is advisable for local traders. To facilitate the search for the best Forex brokers in Equatorial Guinea, we've compiled a list below.