As you know mobile money is a very widespread payment system in africa, if you are reading this post you are looking for a good forex broker who accepts mobile money such as mtn mobile money, mpesa, Airtel Money etc… as means of payment. we have carefully selected a list of best forex brokers that accept mobile money as means of payment and in addition to offering good conditions and an online trading environment.
What to consider when choosing a forex broker
Although your knowledge of many online forex brokers is good, few of these brokers offer forex trades. Instead there are more niche broker companies filling up this market that may serve the high-volume currency traders. If you want to invest in cryptocurrency you will need to consider the following features: Investors looking for the best cryptocurrency exchanges are able purchase it through traditional forex brokers such as Exness.
What are mobile payment options or mobile money?
Mobile cash means money stored on cellular phones that operate telecommunications accounts or other financial systems.
Are such payment options safe to use?
But yes, it depends on the security features of a mobile phone and whether the phone is stolen or lost by the operator.
Can you trade forex on mobile?
Okay, it’s possible! The trading of currencies in the forex trading industry is now done through the iPhone. The app doesn’t just offer trading while traveling.
Here are our 5 Best Forex Brokers That Accept Mobile AND MPESA 2023
EXNESS : EXNESS IS THE BEST FOREX BROKER THAT ACCEPTS MOBILE MONEY, ECOCASH AND MPESA
Exness is a low risk CFD and forex broker with several regulations and authorizations. exness offers several types of dynamic and flexible trading accounts, but also offers one of the best trading conditions in the industry.
exness offers customer service in over 18 languages, provided 24/5 via chat, email, whatsapp, and telephone. customers have access to a wide range of financial instruments on the market with user friendly and flexible trading platforms, with tight spreads, fast executions and a wide range of trading tools to help you perform in-depth market analysis to make the best informed decisions.
Regulated By: CBCS, CySEC, FCA, FSA, FSC, FSCA
Minimum. Deposit: $1
Minimum. Trade: 0.01 Lot
Maximun. Leverage: 1:2000
Payment System: Mobile Money, Bitcoin, Credit Card, Skrill, Neteller, Perfect Money, Tether, Wire Transfer
Trading Platforms: MetaTrader 4 MetaTrader 5
HF MARKETS
HF Markets is a global forex broker known for providing financial investment services to traders around the world. HF Markets offers its clients direct access to final and transparent trading instruments in the financial markets. HF Markets allows you to trade instruments such as forex, stocks, metals, indices, commodities, bonds, ETFs, and crypto-currencies.
HF Markets provides two popular trading platforms metatrader 4 and metatrader 5 on web, desktop and mobile devices. You have access to a wide range of trading tools to help you perform in-depth analysis to make the best decisions in the market, it offers powerful 1:1000 leverage, low spreads, competitive commissions and reliable execution speeds.
Regulated By: FCA, CySEC, DFSA
Minimum. Deposit: $5
Minimum. Trade: 0.01 Lot
Maximun. Leverage: 1:1000
Payment System: Mobile Money, Skrill, Neteller, Perfect Money, WebMoney, Bitcoin, Wire Transfer and fasapay
Trading Platforms: Web MetaTrader 4 MetaTrader 5 FIX API
FXTM
FXTM is a world class forex broker founded in 2012 by andrey dashing. it provides access to a wide range of over 250 trading instruments. it is known for offering its clients very competitive trading conditions and powerful and user friendly trading platforms. this broker is also known for offering a wide range of trading tools that can help you in your trading strategies.
Regulated By: FCA, CySEC, FSC, FSCA
Minimum. Deposit: $5
Minimum. Trade: 0.01 Lots
Maximun. Leverage: 1:2000
Payment System: Mobile Money, Credit Cards, PayRedeem, Perfect Money, Skrill, Wire Transfer, WebMoney Western Union, Worldpay, Yandex Money
Trading Platforms: Web MetaTrader 4 MetaTrader 5
XM
XM Group is a broker that offers world-renowned trading services, XM is regulated by Cysec Cyprus, FCA United Kingdom and ASIC Australia. But clients trade through its company regulated by IFSC of Belize.
XM serves five million clients in over 190 countries and provides support in over 25 languages. They offer a wide range of trading instruments such as currency pairs, gold, silver, commodities, stocks and stock indices via CFDs.
XM provides high leverage up to 1:1000, fast execution, very competitive spreads and easy to use trading platforms for beginners and experienced traders.
Regulated By: ASIC, CySEC, DFSA, IFSC
Minimum. Deposit: $5
Minimum. Trade: 0.01 Lot
Maximun. Leverage: 1:1000
Payment System: Mobile Money, Major Credit Cards, Local bank transfers, Wire Transfers, Skrill, Neteller
Trading Platforms: MetaTrader 4, MetaTrader 5
SUPERFOREX
Superforex is a broker founded in 2013 based in Belize, they offer the ability to trade over 400 trading instruments on the Metatrader 4 trading platform with ECN and STP account types. spreads offered by Superforex vary depending on the trading account. eco accounts benefit from floating spreads with direct market execution. a commission applies on the stp account, including a transaction fee of $21.50 on certain instruments
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