In order to trade successfully, it is very important to choose the right broker. in Africa, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best futures trading brokers for swap-free trading in Africa 2025. You can compare their features and trading conditions.
1
InstaForex - Best for swap-free trading in Africa
InstaForex is a leading broker with over 7,000,000 clients. The company provides access to 2,500+ trading instruments, including Forex pairs, stocks, indices, commodities, and cryptocurrencies. Clients can benefit from competitive spreads starting from 0 pips, leverage up to 1:1000, and access to non-standard technological solutions like synthetic securities. The average execution speed is 0.1 sec.
The broker offers a wide range of cryptocurrency CFDs, with over 70 instruments available and zero spreads on major cryptocurrencies. Additionally, it supports passive investment options including PAMM accounts, copy trading services, and unique offering - OYS portfolios.
The company provides responsive client support and insurance coverage up to €20,000 under European regulation.
👍 Advantages of trading with InstaForex for traders from Africa:
•2,500+ trading instruments, including non-standard assets, such as InstaFutures and synthetic securities.
•Passive investment products, including PAMM accounts and a copy trading service.
•Non-standard technological solutions such as InstaSpot (P2P spot trading), OYS account, Stock Basket, etc.
•European regulation and IFC compensation fund with guaranteed insurance coverage up to €20,000.
•Comfortable trading conditions, such as a $1 minimum deposit and leverage up to 1:1000, for clients of the FSC-regulated broker.
👎 Disadvantages of InstaForex for traders from Africa:
•Tough conditions for retail European traders due to regulations.
•The time gap between a trade executed by a trader and the one copied to the investor’s account in the social trading service can be up to 15 seconds.
2
IronFX - Best for swap-free trading in Africa
IronFX was launched in January 2010 by a team of specialists in finance and software development. Today, IronFX has grown to be among the industry leaders that provide online trading services globally. Customers can use the MT4 advanced trading platforms and trade more than 300 tools from 6 various asset classes. IronFX serves individual as well as corporate clients from over 180 countries. IronFX is highly valued for providing cutting-edge technological innovation on trading platforms and trading tools.
👍 Advantages of trading with IronFX for traders from Africa:
•round-the-clock communication with a multilingual support TEAM on weekdays;
•wide range of trading assets;
👎 Disadvantages of IronFX for traders from Africa:
•the verification procedure can be repeated;
3
Just2Trade - Best for swap-free trading in Africa
The Just2Trade broker is a subsidiary of Finam Holdings, a Russian financial services company. Its business is controlled by a top Russian brokerage company and regulated not only by the Cyprus Securities and Exchange Commission (CySEC, 281/15), but also by the Federal Commission on Securities Market (FCSM) of Russia.
The company has been operating since 2006. Finam’s high ratings and resources enable it to develop its brokerage activity. Business priorities include the implementation of innovative technological solutions and the expansion of a team of professional analysts, risk managers, and financial engineers that develop strategies, as well as offer consultations and trust management of investors’ capital.
👍 Advantages of trading with Just2Trade for traders from Africa:
•single multi-market accounts (MMAs) that provide access to global exchanges and over-the-counter markets through Transaq MMA and TradeX platforms;
•support for novice traders at a full-fledged education center;
•accounts with special terms of negative balance protection and no brokerage fee;
•professional consulting service and trust management of capital for clients who are planning to invest large amounts.
👎 Disadvantages of Just2Trade for traders from Africa:
•access to a user account is granted only after you open a trading account and get verified, which complicates getting familiar with the broker;
•no search bar on the website;
•declared tight spreads are, in fact, floating and tend to widen;
•detailed regulations and documents are in English only;
•compared to its competitors, the minimum deposit is high: $100, $200, or $100,000;
•no Islamic swap-free accounts;
•paid account maintenance.
4
Capital Street FX - Best for swap-free trading in Africa
The company was established in 2002. Capital Street Intermarkets Limited is authorized and regulated by the Financial Services Commission, Mauritius. The company offers its customers an extensive list of financial services ranging from Capital Market Execution to Private Banking services. Capital Street Intermarkets Limited is duly licensed and fully regulated by FSC Mauritius as a Full Services Investment Dealer (excluding underwriting) with the license No. C112010690. Today, the company is proud to introduce innovations to the field of financial products and services.
👍 Advantages of trading with Capital Street FX for traders from Africa:
•Wide choice of trading assets. In addition to standard instruments, you can also trade stocks, bonds and cryptocurrencies.
•Flexible bonus programs. Each trader can get a one-time bonus of 150%-900%.
👎 Disadvantages of Capital Street FX for traders from Africa:
•Offshore regulation (FSC, Mauritius).
•Proprietary trading platform, which is technically inferior to the classic MT4/MT5 trading platforms.
5
IFC Markets - Best for swap-free trading in Africa
IFC Markets was established in 2006. The company is owned by IFCM Group, a financial corporation that turned the services of providing access to international asset markets into a separate business. The broker focuses on two areas – classical trading services and synthetic instrument trading services. The broker is regulated by BVI FSC SIBA/L/14/1073 (British Virgin Islands). Deposits of the traders are insured at AIG Europe Limited.
👍 Advantages of trading with IFC Markets for traders from Africa:
•Unique instruments for trading: portfolio quoting, continuous stock indices and derivatives, and a proprietary trading platform.
•Insurance against risks of professional liability.
•Over 600 trading assets of different classes, including synthetic instruments.
👎 Disadvantages of IFC Markets for traders from Africa:
•Relatively high spread – from 1.8 pips.
•Complex verification. Certification of the documents by a notary public and their translation into English may be required.
•Offshore regulation, which is unlikely to help a trader in any way.
•The broker’s proprietary platform does not envisage the use of an advisor and indicators on MQL. Translation into the platform’s language is performed at the trader’s expense.
•There are no passive income programs.
TOP 5 Comparison
This table makes it easy to compare the best futures trading brokers for swap-free trading in Africa for 2025 by placing their information side by side all in one place. The table includes the categories that are most important when deciding on a broker to work with. The data contained in this table is verified and only includes the most reputable brokers.
| InstaForex | IronFX | Just2Trade | Capital Street FX | IFC Markets | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MultiTerminal, Mobile Trading, MT5, WebTrader |
WebTrader, MetaTrader4 |
ROX, MT4, MT5, CQG |
Mobile Trading, ActTrader, WebTrader, Desktop Terminal, WebTrader Lite |
MT4, MT5, NetTradeX |
|
Min deposit |
$1 |
$100 |
$200 |
$100 |
$1 |
|
Leverage |
From 1:1 |
From 1:30 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
Yes |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 0 points |
From 0.1 points |
From 0.4 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Instant Execution |
STP, Market Maker, ECN |
Market Execution |
Instant Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
Yes |
No |
No |
No |
Yes |
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
InstaForex Commissions and Fees
Traders Union specialists have analyzed InstaForex trading conditions for explicit and hidden commissions. All information on the size of commissions contained is on the broker's website. Trading account replenishment through the popular payment system takes place without commission. The commission is charged only by the bank or e-payment system. Information on the amount of commission fees is available on their website. Withdrawal fees range from 0.5% to 3.5%, depending on the electronic payment system. PayCo does not charge a withdrawal fee.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Insta.Standard (FSC) |
From 3-7 USD |
yes |
|
Insta.Eurica (FSC) |
From 0 USD |
yes |
|
Cent.Standard (FSC) |
From 3-7 USD |
yes |
|
Cent.Eurica (FSC) |
From 0 USD |
yes |
|
ECN.MT4 (CySEC) |
From 10 USD |
Yes |
|
ECN VIP.MT4 (CySEC) |
From 3 USD |
No |
|
ECN Pro.MT4 (CySEC) |
From 7 USD |
Yes |
|
All ECN-accounts MT5 (CySEC) |
From 0 USD |
No |
IronFX Commissions and Fees
Trading terms at IronFX were analyzed by specialists at the Traders Union for trading and non-trading commissions. There are no hidden trading fees and no commission is charged for deposits or withdrawals. An exception may be the transfer fee set by the payment system.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
from $18 |
No |
|
Premium |
from $16 |
No |
|
VIP |
from $14 |
No |
|
Zero Fixed |
from $0 |
No |
|
No commission |
from $17 |
No |
|
Zero Spread |
from $0 |
No |
|
Absolute Zero |
from $3 |
No |
Just2Trade Commissions and Fees
Analysts at TU have analyzed the conditions offered by the Just2Trade broker to find hidden trading and non-trading fees. Trading fees were assessed based on the spread and non-trading fees were analyzed based on the additional charge on withdrawal.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Forex ECN |
$0 |
Yes |
|
Forex and CFD Standard |
$5 |
No |
|
Forex ECN Pro |
$0 |
Yes |
|
МТ5 Global |
$0 |
Yes |
Capital Street FX Commissions and Fees
Analysts as the Traders Union performed an analysis of the broker’s trading conditions available in open sources. The fee schedule is transparent, but the broker warns that the specified floating spreads may 2-3 times during the periods of fundamental volatility. The broker also charges a commission of up to USD 15 per lot on the VIP account (ECN account), depending on the trading volume.
The spread below (taken from the broker’s trading conditions) is specified per 1 standard lot.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Basic |
from USD 25 |
yes (on an inactive account) |
|
Classic |
from USD 20 |
yes (on an inactive account) |
|
Professional |
from USD 10 |
yes (on an inactive account) |
|
VIP |
1 USD |
n/a |
IFC Markets Commissions and Fees
Traders Union analysts have examined the trading conditions of IFC Markets to uncover any hidden commissions or pitfalls. The broker’s trading conditions are transparent and there are no hidden commissions. In terms of additional fixed fees, there is a commission per each open trade in Stock CFD trading. The commission is charged in the amount of 0.01% of the position volume or $0.02 per share.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
All accounts on NetTradex and МТ4 |
from $18 |
No |
|
All accounts on МТ5 |
from $4 |
No |
Summary
Many brokers are available for traders from Africa, but not all of them offer good conditions. In this review, TU experts chose the Best futures trading brokers for swap-free trading in Africa 2025. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Futures Trading Brokers For Swap-Free Trading in Africa
| InstaForex | IronFX | Just2Trade | Capital Street FX | IFC Markets | |
|---|---|---|---|---|---|
|
Overall score |
7.22 |
7.13 |
6.31 |
6.13 |
5.52 |
|
Execution of orders |
8.85 |
6.85 |
5.6 |
3.19 |
3.15 |
|
Investment instruments |
9.3 |
9.7 |
8.5 |
4.7 |
9.5 |
|
Withdrawal speed |
5 |
8 |
8 |
8 |
4 |
|
Customer Support work |
7 |
7.03 |
5.32 |
3.45 |
2.8 |
|
Variety of instruments |
8.02 |
8.02 |
8.1 |
6.75 |
5.75 |
|
Trading platform |
9.1 |
3.88 |
6.24 |
3.23 |
4.35 |
|
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FAQ
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
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).
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
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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.