ASIC, CySEC, DFSA +2 more
Best Forex brokers in Malawi
Forex trading holds legality and proper regulation within Malawi. This nation boasts a nominal GDP of about 11 billion dollars, placing it at the 149th spot worldwide. Oversight of Malawi's Forex brokers falls under the Reserve Bank of Malawi (RBM). This institution establishes the rules and benchmarks governing local Forex brokers and foreign currency exchanges.
However, due to limited access to financial services for most of the population, Forex trading doesn't enjoy widespread popularity in the country.
Listed below is a comprehensive compilation of some of the best Forex brokers operating within Malawi.
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
Malawi possesses a silver lining in the form of an absence of capital gains tax, which translates to the potential for tax-free trading on Forex markets. While specific regulations around maximum leverage for retail Forex traders remain undefined, the most trusted Forex brokers in Malawi choose to align themselves with the guidelines set by respected international regulatory bodies, in addition to being overseen by the RBM.
In the absence of well-defined policies regarding the highest compensation payable in case of broker insolvency for qualifying investors within Malawi, elevated risks persist unless the broker operates under the aegis of a global authority and adheres to stringent laws and regulations.
