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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Rwanda

Top Rwanda online trading platforms
Top Rwanda Online Brokers 2021

This guide to the reputable trading platforms in Rwanda has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the most recent information about finding the best online broker in Rwanda.

If you're a new entrant into the realm of trading and broker, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You will acquire adept skills at all the concepts of brokerage as you continue trading. For starters, you have to select the perfect broker in Rwanda who will be transparent with you always.

Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan is key to your success.

We currently have 20 Brokers that we believe are the Professional Brokers in Rwanda

Who’s The Professional Rwanda Trading Patforms?

This guide has been designed to help you find a professional Rwanda broker. When looking for a good, reliable broker in Rwanda it can be quite confusing.  Below we explain what your trading platform are in Rwanda and what Rwanda brokers can provide you.

We currently have 20 Brokers in our database that we think are the Best Brokers in Rwanda

BitfinexAxiTraderz.comBithumbForest Park FXCFI MarketsDirect FXForex EEEzinvestNabtradeAyrexBCS ForexVantage FXAscot SecuritiesVarengold BankC 7 TradersDIF BrokerBinanceHugos WayDeltastock
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Rating4/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/5
Minimum Deposit$100$0$50$500$10$100$1$100$500$100$250$100$200$25$250$100$500$100$10$100
Year Founded20152007200820092008201220062008200820082016201620081996200820141996201120171998
HeadquartersNew ZealandAustraliaUKHong KongUnited KingdomCyprusNew ZealandGrenadinesCyprusUSACyprusCyprusAustraliaEstoniaGermanyVanuatuPortugalAustraliaSt. Vincent and the GrenadinesBulgaria
Regulated ByFinancial Services Provider (FSP)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)Financial Conduct Authority (FCA), Financial Services Authority (FSA), Securities and Futures Commission (SFC)UnregulatedFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin)UnregulatedMinistry of Economic Affairs in EstoniaCyprus Securities and Exchange Commission (CySEC)UnregulatedCyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)Australian Securities & Investment Commission (ASIC)Cyprus Securities and Exchange Commission (CySEC)UnregulatedUnregulatedFinancial Conduct Authority (FCA)UnregulatedNoneSecurities and Futures Commission (SFC)
Clients10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+5,000+10,000+
Risk WarningYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed deposits
Withdrawal Fees$10variablevariable$52.50%No0variablevariable$10variable0variablevariablevariablevariable$25 $35variableYes
Inactivity FeesNoYesNoNo
Deposit Fees1000505001010011005001002501002002525010050010010100
CFD FeesYesNoYesYes
Accepts Credit CardsYesYes
Accepts PayPalNoNo
Accepts SkrillNoYes
Accepts PayoneerYesNo
Accepts NetellerYesYes

Online Stock Trading In Rwanda

Trading stocks and shares in Rwanda is highly controlled and considered quite safe. But, be aware that any investment may go down as well as up, which means that your capital is at risk.

If you are just starting out using online trading then it is advised to get a demo account with a controlled broker so you are able to learn the systems without the risk of losing money.

Live Forex Trading In Rwanda

Forex is the greatest liquid financial market in the world using a daily monetary market turnover of over $5 trillion (BIS statistics April 2016).

Forex (short for Foreign Exchange) is a money exchange between two different countries and the next management of the resulting position where one currency gains and the other loses.

It is simple to do Live Forex Trading in Rwanda using seasoned online brokers

Live CFD Trading In Rwanda

CFD trading is the buying and selling of contracts for difference via an online agent in Rwanda. When trading CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Rwanda

Spread Betting in Rwanda is possible using trusted online trading platforms like eToro or Trading212. It is a simple bet as to whether the price will go up or down.  Often, the Rwanda online brokers will display the prices you have.

If you are looking at how to do spread betting in Rwanda then it is suggested to start with a demo account with either XTM or Trading212 so that you can practice with monopoly currency before risking your own capital.

Trading Stocks in Rwanda

Internationally, Rwanda is considered safe to do online trading and has access to other global financial centers. In Rwanda, online trading platforms are highly regulated, professional and customer centric. 

However, it is always important to be as informed as possible so here we detail some of the most important things a trader should know:

The financial industry in Rwanda are very mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Rwanda.

The online platforms used by brokers in Rwanda are extensively tested and highly rated & secure.

Whichever Online Trading Solutions in Rwanda you decide to use, make sure they have all of the following:

  • Easy to use platform
  • Availability of a risk management tool
  • Good or fast execution speed
  • Better quality charts
  • Capable of doing social trading
  • Quick online help or support

Challenges Of Using Online Trading Platforms in Rwanda

The US Dollar is considered the base currency globally so even a little change in the US economic markets can affect the financial markets in Rwanda. The EU is also a large economy and changes there may affect the financial markets in Rwanda.

Like many countries there are opportunities in Rwanda economic markets but overall the prospects are great. However, like in all global economic markets we recommend that any Online Trading Platforms in Rwanda you decide to use, make sure you do your due diligence first before risking any real money. We have collated thousands of datapoints and written this guide to help you find the Best Trading Platforms in Rwanda.  We hope that by using this guide you will find a reputable broker that matches your needs.

Frequently Asked Questions About Trading Forex In Rwanda

Is Forex Trading Legal In Rwanda?

There is a growing misconception that trading Forex in Rwanda is deemed unsafe. This isn't the situation, Forex trading in Rwanda is quite active, safe and regulated.

Trading in Forex is allowed in Rwanda as for any company to trade internationally, foreign currency must be exchanged. Any time you buy something and it's sent from overseas, there will be numerous money exchanges by multiple companies to receive that item to you.

The main thing is that if trading Forex in Rwanda you pick one of the top online brokers.

Do Forex Traders Pay Tax In Rwanda?

After a dealer is successful and their gains reach a certain level then they can be taxed in Rwanda according to the standard taxation rules.

Tax returns must always be registered even if there is a loss. You should seek out advice with a registered accountant in Rwanda to ensure you're abiding by all current regional laws as it's extremely dependent on your personal circumstances.

Can You Trade Cryptocurrencies In Rwanda?

Cryptocurrency markets in Rwanda are quite new. As Cryptocurrencies operate on decentralised resources in Rwanda things like interest rate fluctuations and political instability do not affect them as much as the money markets.

Cryptocurrencies are more popular with the younger generations as well as increasing income amounts and technologies adoption, trading cryptocurrency in Rwanda is rising day by day. It is still modest in comparison to the Forex markets but around $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Rwanda?

Commodity trading in Rwanda involves trading in things like precious metals, energies and agricultural commodities.

Some products such as agricultural are seeing exponential growth inRwanda.

Fast growing economies like India have a significant need for many fundamental raw materials because of their population. This means that states like Rwanda can benefit from the circumstance.