Trusted FX brokers in Niger

Forex trading is allowed and legal in Niger. The oversight of Niger Forex brokers falls under the Commission Bancaire de l'UMOA (CBU), a part of the West African Economic and Monetary Union (WAEMU). WAEMU includes eight West African countries that share the West African CFA franc (XOF) as a common currency, enabling FX trading on local exchanges. Niger's total nominal GDP ranks 144th globally, with an estimated valuation of $14.6 billion according to 2022 estimates. Here is a list of some of the best Forex brokers in Niger that we have identified for our readers.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
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
AvaTrade read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
RoboForex read review
MT4MT5cTraderDeposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
FSC Belize
Platforms
MT4, MT5, cTrader +1 more
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
Fortrade read review
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
Pepperstone read review
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
High leverageSignals
Regulations
CNMV, FCA UK, KNF +1 more
Platforms
xStation
8.28
MT4MT5Copy tradingHigh leveragePAMM
Regulations
CIMA, CySEC, FCA UK
Platforms
MT4, MT5
Forex profits in Niger are subject to a 10% capital gains tax, requiring traders to contribute a tenth of their profits to the government. Trusted Forex brokers in Niger adhere to CBU regulations and provide flexible leverage options for retail Forex traders. The country lacks strict policies regarding leverage limitations, which can lead to overleveraging risks for traders. For this reason, local traders are advised to select globally regulated brokers who are also members of investor compensation funds. In summary, Niger presents an attractive environment for Forex trading, leveraging its small economy for potential extra income.

FAQs about Niger