ASIC, CySEC, DFSA +2 more
Madagascar FX brokers
Forex trading is gaining popularity in Madagascar due to its legality, aligning with the country's young market and developing economy. The top Forex brokers in Madagascar are typically companies regulated by respected global authorities, since no local financial body oversees FX trading. Madagascar's diverse economy places it 139th worldwide in terms of nominal GDP at $15 billion. As a nation in development with a growing financial sector, Madagascar's distinctive economic prospects are piquing interest in Forex trading.
Here, we've ranked the best Forex brokers in Madagascar known for their safety and cost-effective trading conditions.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
8.28
Thankfully for local Forex traders, Madagascar doesn't impose capital gains tax on Forex profits. However, the absence of regulatory supervision and clear guidelines on leverage caps and compensation funds for eligible investors means that FX traders in Madagascar are better off choosing brokers regulated abroad, with a proven record of honesty. In summary, given its developing status, FX trading holds appeal, and the most trusted Forex brokers in Madagascar are those subject to global regulations.
