Best Forex Brokers in Cabo Verde in 2021

Best Forex Brokers in Cabo Verde in 2021

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The Republic of Cabo Verde is an island country and archipelago based in the central Atlantic Ocean. Cabo Verde consists of ten volcanic islands and has a population of more than 500,000 and a GDP of $4.3 billion.

Forex Brokers in Cabo Verde include those brokers who serve in other in several other regions around the world. These include:

  1. Alpari
  2. Pepperstone
  3. IQ Option
  4. AvaTrade
  5. XM

1. Alpari

Alpari is a forex broker that was founded in 1998 and is headquartered in Russia. Alpari is a regulated broker with regulation and authorization through Financial Services Commission (FSC).

The CEO for Alpari is Vladimir Verbitskiy, who has held the position for the past three consecutive years. Alpari has an average volume of daily transactions of 3.0 billion USD, according to trusted sources.

Where users are concerned, there are more than 2 million forex traders registered with Alpari, according to trusted sources. According to official sources, the staff size for Alpari is between 500 and 1,000.

Where deposit rates are concerned, Alpari charges a minimum deposit of 5 USD. Alpari charges a spread from 0.4 pips and commissions of $1,5 per lot per side.

In terms of trading speed, Alpari executes all clients’ orders within 0.06 seconds. In terms of the trust, security, and security features, Alpari is a regulated and well-known broker that uses segregated accounts for client funds.

In terms of tradable financial instruments, Alpari offers the following:

  • Forex
  • Cryptocurrencies
  • Spot CFDs
  • Metals

In terms of currency types, Alpari supports the following currencies:

  • USD
  • EUR
  • GBP
  • NGN

In terms of trading software, Alpari offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and education, Alpari does not offer a free newsletter or a blog, but forex traders can expect these useful trading tools:

  1. Alpari Forex Trading Webinars
  2. Beginners Guide to Trading
  3. Forex Trading Strategies
  4. Commodity Trading Guide
  5. Precious Metal Trading Guide

In terms of customer support, Alpari can be contacted through the following channels:

  • Email
  • Telephone
  • Live Chat
  • Facebook
  • Twitter
  • Instagram

In terms of the service area, Alpari serves traders from around the world except for traders from these regions:

  • Belarus
  • The United States
  • Mauritius
  • Japan
  • British Columbia
  • Ukraine
  • Georgia and several others.

When compared to other forex brokers, Alpari offers the following unique sides and features:

  • Alpari is a trusted broker that has certain security measures in place to protect investors
  • There are low commission charges on trades
  • There is a choice between powerful trading platforms
  • There is a wide range of tradable financial instruments across several asset classes.

Alpari is an active forex broker in Cabo Verde with more than one hundred registered users. In terms of market share, Alpari occupies a decent portion as only a few brokers serve Cabo Verde.

In terms of privileges that Alpari offers to citizens from Cabo Verde, citizens are not given any special privileges apart from a comprehensive demo account, educational resources, and competitive trading conditions.

The reason why so many forex traders use Alpari in Cabo Verde relates to its superior customer service and user-friendly trading platforms.

To get more information, you can read the Alpari Forex Suggest review.

2. Pepperstone

Pepperstone is a forex broker that was founded in 2010 and is headquartered in Melbourne, Australia. Pepperstone is a regulated broker with regulation and authorization through these entities:

  • Financial Conduct Authority (FCA)
  • The Australian Securities and Investment Commission (ASIC)

Owen Kerr and Joe Davenport founded Pepperstone, and the CEO is Tamas Szabo, who has held the position for the past several years. Pepperstone processes an average of 9.2 billion USD in trades daily.

In terms of users, there are more than 57 000 forex traders registered with Pepperstone, according to trusted sources. According to official sources, the staff size for Pepperstone is more than 200 employees.

In terms of deposit rates and fees, Pepperstone charges a minimum deposit of $200 with a spread from 0 pips EUR/USD, and commissions start from 7 USD round turn per 100K USD traded.

In terms of trading speed, Pepperstone executes all orders within a few seconds. In terms of the trust, security, and security features, Pepperstone is a trusted forex broker that holds client funds in segregated accounts with tier-1 banks.

In terms of tradable financial instruments, Pepperstone offers the following:

  • Shares
  • Indices
  • Metals
  • Energies
  • Bonds
  • CFDs
  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • ETFs

In terms of currency types, Pepperstone supports the following currencies:

  • USD
  • GBP
  • EUR
  • CHF
  • JPY, and more.

In terms of trading software, Pepperstone offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. cTrader

In terms of research and education, Pepperstone offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. AutoChartist with Pepperstone Technical Analysis software
  2. Social Trading and ZuluTrade
  3. VPS Hosting
  4. Pepperstone Webinars
  5. Smart Trader Tools for Pepperstone MetaTrader
  6. cTrader Automate
  7. API Trading with Pepperstone
  8. Pepperstone Trading Guides
  9. Pepperstone Market Analysis
  10. Economic Calendar, and more.

In terms of customer support, Pepperstone can be contacted through the following channels:

  • Telephone
  • Live Chat
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • RSS Feed

In terms of the service area, Pepperstone serves traders from more than 65 countries around the world except for traders from these regions:

  • Iran
  • The United States
  • Yemen
  • Zimbabwe
  • Iraq, and several others.

When compared to other forex brokers, Pepperstone offers the following unique sides and features:

  • Pepperstone is one of the largest online trading brokers with a proven record of excellent service
  • Competitive trading commissions charged
  • A choice between MetaTrader 4, MetaTrader 5, and cTrader
  • More than 700 tradable instruments

Pepperstone is an active forex broker in Cabo Verde with more than a few hundred registered users. In terms of market share, Pepperstone does not have a significant portion because of the small number of forex traders in the country.

In terms of privileges that Pepperstone offers to citizens from Cabo Verde, citizens are not granted any special or preferential treatment and can expect competitive conditions, tailor-made solutions, a choice in accounts, and powerful trading software.

The reason why so many forex traders use Pepperstone in Cabo Verde relates to its client fund security, trading technology, and range of tradable instruments.

To get more information, you can read the Pepperstone Forex Suggest review.

3. IQ Option

IQ Option is a forex broker that was founded in 2013 and is headquartered in Cyprus. IQ Option is a regulated broker with regulation and authorization through:

  • The Cyprus Securities and Exchange Commission (CySEC)

The founder of IQ Option is Dmitry Zaretsky, and the CEO is Timofey Baranov, who has held the position for the past four consecutive years. The average volume of daily transactions for IQ Option typically averages around $3.5 billion.

There are over 20 million registered forex traders with IQ Option, and according to official sources, the staff size for IQ Option is between 10 and 50 employees.

In terms of deposit rates and fees, IQ Option charges a minimum deposit of $10 with a spread that starts from 0.1 pips with commissions from as low as $0.

In terms of trading speed, IQ Option guarantees that trades are executed within 0.7 seconds. In terms of the trust and security, IQ Option offers a proven safe and secure trading environment.

In terms of tradable financial instruments, IQ Option offers the following:

  • Forex
  • Options
  • Stock CFDs
  • ETFs
  • Cryptocurrencies
  • Commodities

In terms of currency types, IQ Option supports the following currencies:

  • USD
  • GBP
  • EUR, and more.

In terms of trading software, IQ Option offers forex traders the use of its proprietary trading software. In terms of research and education, IQ Option offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Historical Quotes
  2. Calendars
  3. Stock Collections
  4. Industries
  5. Video Tutorials

In terms of customer support, IQ Option can be contacted through the following channels:

  • Telephone
  • Email
  • Online Chat
  • Facebook
  • Telegram
  • Twitter
  • Instagram

In terms of the service area, IQ Option serves traders from around the world except for traders from these regions:

  • The United States
  • Canada
  • Australia
  • Russia
  • North Korea and several other regions.

When compared to other forex brokers, IQ Option offers the following unique sides and features:

  • A well-regulated trading environment with regulation and authorization through a reputable entity
  • Commission-free trading options
  • An innovative proprietary trading platform
  • Wide range of financial instruments that can be traded

IQ Option is an active forex broker in Cabo Verde with more than 100 registered users. In terms of market share, IQ Option has a decent portion because of its user-friendly trading platform.

In terms of privileges that IQ Option offers to citizens from Cabo Verde, citizens are not given any preferential trading solutions or special offers. The reason why so many forex traders use IQ Option in Cabo Verde relates to its trading software, user-friendly solutions, and competitive conditions.

To get more information, you can read the IQ Option Forex Suggest review.

4. AvaTrade

AvaTrade is a forex broker that was founded in 2006 and is headquartered in Dublin, Ireland. AvaTrade is a regulated broker with regulation and authorization through these entities:

  • British Virgin Islands Financial Services Commission (BVI FSC)
  • The Australian Securities and Investment Commission (ASIC)
  • The Financial Sector Conduct Authority (FSCA)
  • The Cyprus Securities and Exchange Commission (CySEC)
  • Financial Services Authority (FSA) of Seychelles
  • Financial Futures Association of Japan (FFAJ)
  • Central Bank of Ireland (CBI)
  • The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)
  • The Israeli Securities Authority (ISA)

Emanuel Kronitz founded AvaTrade, and the CEO is Dáire Ferguson, who has held the position for the past several years. In terms of users, there are more than 300,000 forex traders registered with AvaTrade, according to trusted sources. 

According to official sources, the staff size for AvaTrade is more than 450 employees. In terms of deposit rates and fees, AvaTrade charges a minimum deposit of $100 with a spread from 0.9 EUR/USD and commission-free trading.

In terms of trading speed, AvaTrade executes all orders within a millisecond. In terms of the trust, security, and security features, AvaTrade uses stringent security protocols to provide a safe trading environment.

In terms of tradable financial instruments, AvaTrade offers the following:

  • Metals
  • Energies
  • Options
  • Bonds
  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • CFDs
  • ETFs

In terms of currency types, AvaTrade supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • AUD

In terms of trading software, AvaTrade offers forex traders the following applications:

  1. AvaTrade AvaTradeGo
  2. AvaTrade AvaOptions
  3. MetaTrader 4
  4. MetaTrader 5
  5. DupliTrade
  6. ZuluTrade

In terms of research and education, AvaTrade offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. AvaTrade Economic Calendar
  2. AvaTrade Market Analysis
  3. Trading Position Calculator
  4. Trading videos AutoChartist
  5. Trading articles and eBooks
  6. Trading webinars

In terms of customer support, AvaTrade can be contacted through the following channels:

  • Instagram
  • Facebook
  • Twitter
  • Email
  • Telephone
  • Live Chat

In terms of the service area, AvaTrade serves traders from around the world except for traders from these regions:

  • The United States
  • Belgium
  • Iran

When compared to other forex brokers, AvaTrade offers the following unique sides and features:

  • AvaTrade is a multi-award-winning and globally recognized forex broker
  • Commission-free trading offered
  • A choice in popular, powerful third-party and proprietary trading software
  • Over 1,250 tradable financial instruments

AvaTrade is an active forex broker in Cabo Verde with more than 500 registered users. In terms of market share, AvaTrade occupies a large portion despite the competition that it faces.

In terms of privileges that AvaTrade offers to citizens from Cabo Verde, citizens can expect a range of promotions, educational materials, and user-friendly trading platforms.

The reason why so many forex traders use AvaTrade in Cabo Verde relates to its dedicated customer service, trading solutions that cater to beginners and professionals, and wide range of markets and trading platforms.

To get more information, you can read the AvaTrade Forex Suggest review.

5. XM

XM is a forex broker that was founded in 2009 and is headquartered in Cyprus. XM is a regulated broker with regulation and authorization through these entities:

  • Australian Securities and Investment Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • International Financial Services Commission (IFSC)

The CEO for XM is Constantinos Cleanthous, who has held the position for the past several years. The market capitalization for XM is 14.26 billion USD, according to official stock information. 

Where the number of users is concerned, there are more than 3.5 million forex traders registered with XM, according to trusted sources. According to official sources, the staff size for XM is more than 450 employees.

In terms of deposit rates and trading fees, XM charges a minimum deposit of $5 with a spread from 0.0 pips and commissions that start from as little as $1.

In terms of trading speed, XM executes 99.35% of all clients’ orders within a second. In terms of the trust, security, and security features, XM is a reputable and well-established forex broker that uses strict protocols and segregation of client funds to guarantee fund security.

In terms of tradable financial instruments, XM offers the following:

  • Stocks
  • Shares
  • Indices
  • Metals
  • Forex
  • Commodities
  • Cryptocurrency
  • Energies
  • CFDs

In terms of currency types, XM supports the following currencies:

  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • ZAR, and more.

In terms of trading software, XM offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and education, XM offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Podcast
  2. XM Live
  3. Live Education
  4. Forex Webinars
  5. Forex Seminars Market Overview
  6. XM Research
  7. Trade-Ideas
  8. Technical Summaries
  9. Economic Calendar

In terms of customer support, XM can be contacted through the following channels:

  • Twitter
  • Instagram
  • LinkedIn
  • Live Chat
  • Email
  • Telephone
  • Facebook

In terms of the service area, XM serves traders from around the world except for traders from these regions:

  • The United States
  • Canada
  • Iran
  • Israel

When compared to other forex brokers, XM offers the following unique sides and features:

  • XM is a large and well-established broker that has been operating for more than a decade
  • Traders can expect ultra-low and competitive commissions
  • Traders can choose between two powerful trading platforms
  • There is a wide range of tradable instruments

XM is an active forex broker in Cabo Verde with more than 1,000 registered users. In terms of market share, XM has one of the largest portions of market share because of its popularity.

In terms of privileges that XM offers to citizens from Cabo Verde with a variety of bonuses and promotions, a choice in trading accounts, powerful trading software, and advanced trading tools.

The reason why so many forex traders use XM in Cabo Verde relates to its unique and comprehensive trading solutions.

To get more information, you can read the XM Forex Suggest review.

Forex Trading in Cabo Verde

There is no official count on the number of traders who are residing in Cabo Verde. The economic growth and improvement that Cabo Verde experiences make it a developing nation, according to the United Nations (UN).

There are very few natural resources that can be found on the island, and most food sources are imported. Since 1991, the government of Cabo Verde has pursued many market-orientated economic policies, which opened the doors for many foreign investors.

Cabo Verde has placed a significant emphasis on promoting the market economy and its private sector through tourism, light manufacturing industries, as well as fisheries.

While there is truly little known about the forex trading environment in Cabo Verde, it can be said that forex trading is not a widespread activity from within the island, even if there is interest from foreign investors.

    

What should be known for Forex Trading in Cabo Verde

Forex trading is not a popular activity in Cabo Verde due to the island’s location and the fact that it is a developing region that relies heavily on aid and imports. However, more forex brokers are showing interest in regions such as Cabo Verde to establish a larger client base and to increase trading volumes.

While there may only be a few forex traders present, this could change with internet connection becoming more widespread, connecting potential and prospective traders to the rest of the world and various financial markets, including forex.

Who are the Forex Regulators in Cabo Verde?

The regulatory entity in Cabo Verde is the Bank of Cape Verde.

Is Forex Trading legal in Cabo Verde?

Yes, forex trading is legal in Cabo Verde.

How many Forex Traders are there in Cabo Verde?

The exact count of forex traders in Cabo Verde is not given by official sources.

What do Cabo Verde’s citizens think about Forex Trading?

Cabo Verde’s citizens are not familiar with forex trading, and there is truly little information regarding forex trading activity in Carbo Verde.

Best Forex Brokers for Beginners in Cabo Verde

The best forex brokers for beginners in Cabo Verde are:

  1. Alpari
  2. Pepperstone
  3. AvaTrade
  4. XM
  5. Oanda

These brokers are the best choice for beginners because they offer user-friendly, intuitive solutions to beginners along with a demo account, educational materials, and several other helpful guidelines and tutorials.

Best Forex Brokers for Experts in Cabo Verde

The best forex brokers for Experts in Cabo Verde are:

  1. XM
  2. AvaTrade
  3. Pepperstone
  4. IQ Option
  5. Alpari

These brokers are considered the best for expert traders in Cabo Verde as they offer advanced trading opportunities, trading strategies, and a range of tools that can be used when trading in the financial markets.

Best Forex Brokers for Other Countries

The best forex brokers for the Gambia are:

  1. Trading 212
  2. Oanda
  3. XM Group
  4. FBS
  5. XTB

The best forex brokers for Senegal are:

  1. eToro
  2. FP Markets
  3. XTB
  4. IC Markets
  5. AvaTrade