The Forex market is the largest and most liquid market in the world. Both beginner and expert traders in Mozambique have endless choices when it comes to Forex brokers that welcome and cater for Mozambican traders.
It is imperative for Mozambican traders to only make use of legit, well-regulated Forex brokers to avoid falling pray to scams.
The brokers on the following list are not only multi-regulated but quite popular in their impressive trading solutions that they provide to an array of traders from around the world.
1. AvaTrade
As a multi-regulated, multi-asset and award-winning broker, AvaTrade offers Mozambican traders with numerous options when it comes to Forex trading by offering an array of currency pairs which can be traded.
The minimum deposit when registering an account is $100, and traders are offered with Fixed spreads, leverage up to 1:400 and commission-free trading through a variety of powerful, user-friendly trading platforms such as MetaTrader 4, AvaTradeGo, and others.
2. Plus500
Plus500 offers Mozambican traders with more than 2,000 financial instruments which can be traded when registering a trading account for $100. Plus500 is a member of FSCS and it is listed on the London Stock Exchange’s Market for Listed Companies.
Regulated in multiple jurisdictions and as a popular broker, Plus500 offers Mozambican traders tight, variable spreads, zero-commission charges, leverage up to 1:300 and Plus500’s proprietary trading platform for the execution of trades.
3. XM
XM is a well-regulated broker with more than 2.5 million registered traders from 196 countries worldwide and offers Mozambican traders competitive trading conditions.
These trading conditions consisting of low minimum deposits starting from $5, tight, and variable spreads, low commissions, and leverage of up to 1:880. Another benefit is that XM offers negative balance protection along with allowing both Hedging and Scalping.
XM makes adequate provision for the trade in numerous Forex pairs which can be traded through powerful trading platforms such as MetaTrader 4 and MetaTrader 5.
4. HotForex
As a reputable multi-asset broker, HotForex offers Mozambican traders with competitive trading conditions from as little as $5 when registering a live trading account. When using HotForex to facilitate trades, traders have access to tight spreads from 0.0 pips, commissions starting from $3 on major pairs, leverage up to 1:1000, and the use of MetaTrader 4 or MetaTrader 5 through which trades can be executed.
5. Exness
When trading through Exness, Mozambican traders can start trading from as little as $1 when registering a live trading account. Exness offers traders with favourable trading conditions with tight spreads, ultra-tight spreads, low commissions from $3.5 per lot per side, and leverage up to 1:2000. In addition, Exness supports the use of MetaTrader 4 and MetaTrader 5 and boasts with superb multilingual support.
Final Thoughts
Where Forex trading in Mozambique is concerned, Mozambican traders have access to some of the best Forex brokers who are not only strictly regulated, but who are known for their competitive trading conditions and comprehensive trading solutions.
