de | cn | ru
Forex

Forex brokers in Egypt

According to some industry experts, the Middle East & North Africa (MENA) region holds significant potential for the forex industry, with Egypt in particular being one of the most mature markets in the area. 
 
That is why lately there is a growing interest by forex brokers into the MENA region, but competition among them is not yet tight in Egypt - the largest of Arabic-speaking countries, which is also considered the cradle of civilization.
 
Apparently, Egypt is one of those countries where forex regulation is still in its infancy. The public body in charge of supervising and regulating the non-banking sector, including financial markets and instruments, is the Egyptian Financial Supervisory Authority (EFSA). Actually, the EFSA was established not long ago (in 2009) and its website is not very informative. We could find a list or register of regulated entities, nor some specific rules governing online foreign exchange trading in the country. Besides, some of the website’s content is available only in Arabic.
 
Speaking of Arabic, we have to say that it is essential for forex brokers operating in Egypt to ensure that local traders can easily and comfortably access the markets, and therefore provide their products and services in this specific language (Arabic version of their website, trading platform, Arabic-speaking customer support). Besides, as 90% of the Egyptian population are Islamic, brokerages must have in their service lineup swap-free accounts, which are in compliance with Sharia law.
 
Of course, local presence is always an advantage for a forex brokerage. The local community is being serviced mainly by foreign companies, some of which have established representative offices.
 
Here is a list of forex brokers, providing their services to clients in Egypt:


Forex

Forex brokers in Egypt

Broker Country Regulation Platforms Min.deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Ireland, Australia, Japan, South Africa ASIC, Central Bank of Ireland MT4, AvaTrader $100 Review
UK, Australia FCA, ASIC MT4, Web,
Mirror Trader
$1 Review
Belize IFSC MT4 $1 Review
Forex

Related News

FXOpen Sets up New Office in Egypt

Apr 20 2014 08:30:57 Maria Nikolova in Market

FXOpen, the Forex broker originally based in New Zealand, has announced the launch of a new office in Egypt's capital Cairo. The new premises will be located on the 19th floor of the World Trade Center, a central venue in the Egyptian capital. Read more

FXOpen Sets up New Office in Egypt

Apr 20 2014 08:30:57 Maria Nikolova in Market

FXOpen, the Forex broker originally based in New Zealand, has announced the launch of a new office in Egypt's capital Cairo. The new premises will be located on the 19th floor of the World Trade Center, a central venue in the Egyptian capital. Read more

Egypt's Best Forex Trader on ZuluTrade: Express 5

Oct 16 2013 08:05:10 Maria Nikolova in Signals

Today we'll have a look at Express 5, the best ZuluTrade's signal provider from the country that was the home of Cleopatra and that has fascinated mankind for centuries with its pyramids. Read more

Egypt Private Sector Activity At Record Low: Survey

Jan 09 2013 14:01:04 Stanimir Zhelev in Market

Business conditions in Egypt's private sector worsened substantially in December as output and new orders fell sharply while inflationary pressures built up, survey data from Markit Economics showed on Wednesday. The HSBC Egypt purchasing managers index plunged to 37. Read more

IMF To Resume Talks With Egyptian Government On Financial Aid

Jan 08 2013 07:01:05 Stanimir Zhelev in Market

Officials of the International Monetary Fund (IMF) will resume their talks with the Egyptian government in the coming weeks on a $4.8 billion loan needed to address the country's increasing economic challenges, a report said. Read more

Forex
de | cn | ru