5 Best Forex Brokers in Sudan
The Sudan, which is most known for its abundant oil resources, has a growing population of participating Forex traders.
Trading in foreign exchange (Forex) is legal in Sudan because the exchange of currency is required in order to do business. Despite this, however, there are currently no locally authorized Forex Brokers operating in the nation.
This article examines the 5 best globally licensed forex brokers and trading platforms that are available to traders from Sudan.
1. Exness
Overview
In total, Exness provides traders with five distinct trading account types and is one of the best Forex brokers in Sudan.
In addition to the Standard, the Standard Cent is also a part of the Standard Account family. Raw Spread, Pro, and Zero Accounts are our three most advanced plans for its professional users.
There are a variety of account types to choose from, including a demo account and an Islamic swap-free account.
Read the comprehensive Exness Review.
Pros and Cons
| PROS | CONS |
| Well-regulated | |
| Tight spreads | |
| Over 130 currency pairs |
Features
| Feature | Information |
| Regulation | CySEC, FCA |
| Minimum deposit from | $1 |
| Average spread from | 1.3 pips |
| Commissions from | 3 USD and 10 USD per 1 lot for CFDs |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:2000 |
| Bonuses | Standard +10% Bonus Programme |
| Customer Support | 24/5 – multilingual |
2. AvaTrade
Overview
AvaTrade was established in 2006 and is a Forex, CFD, Spread Bet, and Social Trade broker. Over 250 assets, 30 advanced charting tools, trading history, and other resources are available to traders using MetaTrader 4 across all markets.
Read the comprehensive AvaTrade Review
Pros and Cons
| PROS | CONS |
| Broad range of tradable instruments | High EURUSD and inactivity fees |
| MetaTrader 4 and 5 available | |
| Excellent educational resources |
Features
| Feature | Information |
| Regulation | Central Bank of Ireland, MiFID, ASiC, BVI |
| Minimum deposit from | $100 |
| Average spread from | 0.9 pips |
| Commissions from | No commission on Forex |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | First Deposit Bonus |
| Customer Support | 24/5 – multilingual |
3. XM
Overview
XM serves customers in more than 196 countries and provides service in 30 different tongues making it one of the best Forex brokers in Sudan. CySEC is the governing body for the main office, which is located in Cyprus. Because of the extensive selection of trading items, XM has over 1.5 million customers.
Micro Accounts, Standard Accounts, XM Ultra Low Accounts, and Shares Accounts are the four primary account options.
Pros and Cons
| Pros
Low minimum deposit Comprehensive educational offering Streamlined account opening process
|
Cons
Inactivity fee charged after 90 days on live accounts Limited product portfolio
|
Features
| Feature | Information |
| Regulation | IFSC, ASIC, CySEC, FCA and DFSA |
| Minimum deposit from | $5 |
| Average spread from | 0.1 pips |
| Commissions from | $3.5 commission per $100 000 traded |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:30 |
| Bonuses | $30 Trading Bonus |
| Customer Support | 24/5 |
4. HF Markets
Overview
With the HF Markets MT5 Terminal, traders have access to 21 different timeframes, advanced analysis tools, trading across all HotForex asset classes, nearly 100 charts at once, hedging, one-click trading, 80+ technical indicators, and an integrated economic calendar.
Read the comprehensive HF Markets review.
Pros and Cons
| Pros
No deposit or withdrawal fees Competitive spreads |
Cons
High commission charges on the Zero account |
Features
| Feature | Information |
| Regulation | CySEC, DFSA, FCA, FSA, FSCA |
| Minimum deposit from | $5 |
| Average spread from | 0,0 pips |
| Commissions from | USD 0.03 per 1K lot. |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | 100% Supercharged Bonus |
| Customer Support | 24/5 |
5. FxPro
Overview
Founded in 2006, FXPro is a full-service online broker that facilitates transactions in Foreign Exchange (FX), Share Dealing (Stock Trading), Futures (CFDs), Spot Indices (Spot Indices), Spot Metals (Spot Metals), and Spot Energies (Spot Energies).
A minimum deposit of USD100 is required to open an account with FXPro, which gives traders access to top-tier liquidity and advanced transaction execution without dealing desk interference.
Pros and Cons
| PROS | CONS |
| Wide selection of market instruments | |
| Client funds stored in segregated accounts
Low trading fees |
Features
| Feature | Information |
| Regulation | FCA, CySEC, FSCA |
| Minimum deposit from | $100 |
| Average spread from | 1.7 pips |
| Commissions from | $45 per million USD traded. |
| Deposit/Withdrawal Fees | 1.6% for debit and credit card |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
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