Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best CFD Brokers in Africa for 2025. Five companies that enjoy huge popularity in Africa were selected and compared between each other.
1
TeleTrade - Best in Africa for 2025
TeleTrade offers its clients rather enticing trading conditions. The minimum trade volume is 0.01 lots for all trading accounts, and the minimum spread is 0.2 pips. The minimum deposit is $10. The company's clients can trade on three types of real accounts, as well as copy trades of experienced traders. The broker offers wide range of financial instruments: in addition to currency pairs, you can trade indices and cryptocurrencies.
2
LiteFinance - Best in Africa for 2025
Trading conditions are extremely transparent and easily understandable. There are only two types of accounts: classic and professional. The minimum deposit is $50 for either account, order execution, market, and leverage is up to 1:1000.
3
NPBFX - Best in Africa for 2025
NPBFX broker's trading conditions are optimally suited for all categories of clients. Novice traders can open an account with a minimum deposit of $10, while professional traders can use STP or ECN accounts. The leverage is different for each type of account.
The broker offers classic MetaTrader 4, which is the best for working with customized indicators, scripts, and advisors. The servers of the company are located in the Equinix NY4 data center in New York, which has direct access to the world's largest liquidity providers. Thanks to this technology, the clients of NeftePromBank benefit from a high speed of order execution with minimal delays.
All NPBFX accounts have a narrow floating spread. It starts with 0.8 pips on the Master account, 0.6 pips on the Expert account, and 0.4 pips on the VIP account. Traders can use scalping, hedging, and position locking on all types of accounts. Among other benefits, advisors and robots are allowed. Traders from Muslim countries can use a Swap Free account.
NPBFX clients who prefer social trading can connect to the popular ZuluTrade platform and copy trades at an average speed of 200-500 ms. Also there is an alternative social trading platform AutoTrade by MyFxBook, a partner of the broker. As passive income options, the broker offers 2 types of referral programs with a high amount of remuneration for referred clients. There is also access to the Dow Jones newsfeed.
4
InstaForex - Best in Africa for 2025
Trading conditions depend on the regulation of the broker:
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FSC. The conditions are more loyal here. With a $1 deposit you can open positions on almost any asset with leverage of up to 1:1000. This broker also offers PAMM accounts and a social trading service. This means that clients invest money in traders and their signals, traders in their turn are successful in trading and earn on fees as well.
Note how the lot volume is being calculated. In the FAQs, you can find information that the broker uses lots of 10,000 basic units instead of standard 100,000 units. This provides for a reduced pip’s value.
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CySEC. The conditions here are stricter due to regulators’ requirements. The minimum deposit is $200 and leverage is up to 1:30 without a confirmed professional trader status. There are managed diversified stock portfolios and synthetic stocks/ETFs instead of PAMM accounts and social trading.
Spreads are from 0 pips subject to the account type and the asset, regardless of the regulator.
5
4XC - Best in Africa for 2025
4XC combines advanced technology and innovation in its business approach. 4XC is duly licensed by the Financial Supervisory Commission. The company operates under strict regulations to keep customer accounts secure and protected. 4XC is a customer-oriented company, and offers professional customer support 24/5. 4XC ensures no interference with customer trades, and offers a range of benefits, including spread starting as low as 0.0 points, leverage of up to 1:500, daily withdrawal available, and fast order execution.
4XCis an execution-only broker with no dealing desk (NDD). It offers several account types and numerous payment methods to create a user-friendly environment for every customer.
TOP 5 Comparison
In order to choose the Best CFD Brokers in Africa in 2025, TU analysts chose 5 best brokers in this country. In the table below, you can see a basic comparison of these companies. Experts selected only the most reliable brokers that are popular among traders in Africa.
| TeleTrade | LiteFinance | NPBFX | InstaForex | 4XC | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5 |
MT4, MT5, MultiTerminal, Sirix Webtrader |
MT4 |
MT4, MultiTerminal, Mobile Trading, MT5, WebTrader |
MT5, MT4, WebTrader |
|
Min deposit |
$10 |
$10 |
$10 |
$1 |
$50 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:200 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
Yes |
No |
Yes |
Yes |
|
Accrual of % on the balance |
1.00%% |
7.00%% |
No |
No |
No |
|
Spread |
From 0.2 points |
From 0.5 points |
From 0.4 points |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
70% / 20% |
50% / 20% |
No |
30% / 10% |
100% / 50% |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Instant Execution, Market Execution |
Instant Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
$50 |
|
Cent accounts |
Yes |
Yes |
No |
Yes |
No |
TU Expert Review for the best CFD Brokers in Africa
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best CFD Brokers in Africa is posted below.
TeleTrade - TU Expert Review
Traders Union has been working with the company since 2012. Over this time, a lot of reviews have been received about the broker from the TU clients, which you can find on this page. All reviews are moderated and then published. Therefore, they contain relevant information about traders’ experience of working with TeleTrade. Each TU client who opened an account with a brokerage company is entitled to free legal support, as well as advice on general issues related to the broker’s performance. TeleTrade Company offers its clients the opportunity to trade over 60 currency pairs, as well as metals, indices, stocks and energies. Cryptocurrency trading is also available. Traders canopen a free demo account and trade virtual funds. The broker also provides several types of real accounts, which allows you to choose the best option in terms of conditions. Thanks to a large analytical section and loads of educational information, the company attracts a lot of novice traders. A wide range of technical analysis tools and the possibility to use various strategies, including pipsing, are the main reasons why experienced traders open an account with TeleTrade.
LiteFinance - TU Expert Review
The LiteForex (LiteFinance) broker has been operating for over 14 years and that characterizes the company as a reliable and responsible partner. The broker is focused mostly on professional traders, as evidenced by a relatively high initial deposit and the absence of cent accounts. I would like to point out the transparency of the broker's trading conditions as there are no pitfalls or hidden commissions. There are no restrictions on scalping, hedging, or the use of trading advisors. Recently, the company updated its personal account from a classic account into a full-fledged trading tool. And now you can start profit directly from your account in one click. Analytics have been added to the cabinet platform for novice traders: fundamental and technical forecasts for each pair, market sentiment, etc. You can also manage the affiliate program from the cabinet and create an investment portfolio using the SocialTrading service. LiteFinance is a professional trading company. The broker fully fulfills its obligations; therefore, it is one of the regular partners of the Traders Union.
NPBFX - TU Expert Review
After being rebranded in 2016, NPBFX set on development of two areas, namely improving data processing technology and social trading. Thanks to direct access to ECN platforms, such as Integral and Currenex, traders have instant order execution with tight spreads during rapid increase in volatility and liquidity compression. Speed of order execution, recorded in MT4 by means of script, is 50-70 ms while market average is 100-130 ms. Therefore, NPBFX is perfect for scalping, high-frequency algorithmic trading, and fundamental volatility trading, including short-squeeze. Social trading has developed into a long-term partnership of the broker with the independent social trading platform ZuluTrade. Thanks to integration of technologies of NPBFX and Zulu traders can copy trades of thousands of traders, who are clients of different brokers from over 180 countries globally, with delay of several milliseconds. By using free ZuluTrade toolkit you can develop a comprehensive risk management system, which can limit possible losses in case of force majeure. NPBFX is a broker for novice traders and professionals. For novice traders there is an account type with a $10 deposit which is the best for intraday strategies. Professional traders can work on the Expert account using advisors. The broker deserves a positive score according to user reviews, therefore the company is in TU Top 20 brokers.
InstaForex - TU Expert Review
The InstaForex Team is professional and reliable. I highly recommend this service. They offer optimal trading conditions that are suitable for both novice and professional traders. Clients can work with various types of accounts, use a minimum order of 0.01 lots and more than over 2,500 Forex trading instruments. InstaForex has been working with the Traders Union for many years. We analyzed thousands of customer reviews which were overall positive. Many customers were particularly impressed with their excellent customer service. One such customer said “Its experts are doing everything to solve the financial and technical problems encountered by users as soon as possible”. The user-friendly interface of the website allows you to quickly find and analyze relevant information on both active and passive trading. InstaForex always cares about its customers - it provides favorable conditions for trading, as well as Customer support in an expeditious manner. It is these features that gives it a high rating of reliable Forex brokers of the Traders Union.
Summary
Many brokers operate in Africa, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best CFD Brokers in Africa 2025 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best CFD Brokers in Africa
| TeleTrade | LiteFinance | NPBFX | InstaForex | 4XC | |
|---|---|---|---|---|---|
|
Overall score |
6.73 |
7.91 |
6.82 |
7.88 |
6.33 |
|
Execution of orders |
3.21 |
7 |
8.55 |
8.85 |
7.15 |
|
Investment instruments |
4.7 |
9.4 |
4.7 |
9.3 |
4.2 |
|
Withdrawal speed |
7 |
8 |
3 |
5 |
7 |
|
Customer Support work |
8.41 |
6.9 |
8.97 |
7 |
6.12 |
|
Variety of instruments |
8.75 |
8.75 |
9.12 |
8.02 |
8.02 |
|
Trading platform |
8.29 |
7.43 |
6.57 |
9.1 |
5.46 |
|
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FAQ
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.