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

Top Sierra Leone brokers
Top Sierra Leone Online Brokers 2021

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

This guide contains the most recent details about finding the top broker in Sierra Leone.

If you're a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You'll get proficient skills at all the concepts of broker as you keep trading. For starters, you have to select the ideal agent in Sierra Leone who'll be clear with you constantly.

In this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program is key to your success.

We currently have 21 Online Brokers from our research that we believe are the Reputable Brokers in Sierra Leone

Finding The Best Sierra Leone Brokers?

This guide has been provided to help you find a reputable Sierra Leone broker. When searching for an experienced, reliable broker in Sierra Leone it can be a little confusing.  Below we explain what your broker options are in Sierra Leone and what Sierra Leone online trading platforms can offer you.

A free trial of at least three weeks is a great way to assess the capabilities and reliability of any Sierra Leone online trading platform. Before making any ultimate decisions, you have to be able test the tradins platform's and software in real-time but with minimal risk. This will allow you to experiment with the software and see how comfortable you are with its tools. A reuptable broker in Sierra Leone should make it as easy as possible for you. They shouldn't have to do extensive research nor set up multiple accounts before they let you start trialling their tools.

We currently have 21 Online Brokers that we think are the Best Trading Patforms in Sierra Leone

HDFC Securitiestempler fx brokerageTrading212Ellevestnsfxthe share centreXTBSwissquoteCity Indexhantec fxstate one stockbroking limitedCIM BanqueXGLOBAL Marketsinstaforexjfd wealthAyrextickmillfxgrowBOQ TradingFortradeVantage FX
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Rating5.83/56.40/55.81/52.28/54.15/54.55/57.27/55.69/54.23/54.60/54.95/55.98/54.19/58.40/52.65/52.47/54.50/53.50/55.63/54.05/54.67/5
Minimum Deposit$0$250$1$1$250$250$0$0$25$250$250$100$500$250$250$250$250$250$200$1$200
Year Founded200020182006200820212019200219991983202120181995200820172020201620202014201419922008
HeadquartersIndiaUSAUKUSARussiaBulgariaPolandSwitzerlandUKRussiaAnguillaGenevaCyprusRussiaAustraliaCyprusGRENADINESUSAUnited StatesUKAustralia
Regulated BySecurities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F321Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F288Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F322Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??????n Nacional del Mercado de Valores, Komisja Nadzoru FinansowegoFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F252Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F309Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC)Cyprus Securities and Exchange Commission (CySEC)BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F263Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F323Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F245Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20Australian Securities & Investment Commission (ASIC)
Clients2,000,000+10,000+14,000,000+10,000+10,000+60,000+250,000+300,000+14,000+10,000+10,000+10,000+10,000+12,000,000+250,000+10,000+12,000,000+3,500,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Your capital is at riskYour capital is at riskYour capital is at risk79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment74% of retail investor accounts lose money when trading CFDs with this providerYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskCFDs, which are leveraged products, incur a high level of risk and can result in the loss of all of your invested capital.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider.Your capital is at risk
Withdrawal FeesYesYesNoYesYesYesYesNoYesYesNoNoYesNoYesYesNoNoNoNoNo
Inactivity FeesNoYesNoYesNoYesNoNoYesNoNoYesNoYesYesNoNoNoNoNoNo
Deposit Fees02501125025000252502501005002502502502502502001200
CFD FeesNoNoNoYesNoYesYesNoYesYesNoNoNoNoYesNoNoNoYesYesNo
Accepts Credit CardsNoYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalNoYesYesNoYesYesYesNoYesYesYesNoNoYesYesNoYesYesNoYesNo
Accepts SkrillNoYesYesNoYesYesYesNoNoYesYesNoNoYesYesNoYesYesNoNoNo
Accepts PayoneerNoYesNoYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts NetellerNoYesNoNoYesYesYesNoNoYesYesNoNoYesYesNoYesYesNoYesNo

Online Share Trading In Sierra Leone

Trading stocks and shares in Sierra Leone is highly controlled and considered very safe. But, conscious that any investment may go down as well as up, which means that your capital is in danger.

If you're just starting out using online trading then it is advised to get a demo account first with a controlled broker so that you can learn the strategies without the danger of losing money.

Live Forex Trading In Sierra Leone

Forex is the greatest liquid financial market in the world using a daily financial exchange turnover of more than $5 trillion (BIS data April 2016).

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

It is simple to do Live Forex Trading in Sierra Leone using professional online trading platforms

Live CFD Trading In Sierra Leone

CFD trading is the buying and selling of contracts for difference via an online trading partner in Sierra Leone. When you trade 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 Sierra Leone

Spread Betting in Sierra Leone is possible using experienced online brokers like XTM or IC Markets. It is a simple bet as to whether the price will go up or down.  Normally, the Sierra Leone trading platforms will display the prices you have.

If you are looking at how to do spread betting in Sierra Leone then it is suggested to start with a demo account with either plus500 or FP Markets so that you can practice with fake currency before risking your own capital.

Trading Stocks in Sierra Leone

Internationally, Sierra Leone is considered safe to do online trading and has access to other global financial centers. In Sierra Leone, online trading platforms are highly regulated, experienced and supportive. 

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

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

The online trading apps used by brokers in Sierra Leone are well tested and highly rated.

Whichever Online Trading Brokers in Sierra Leone you decide to use, ensure they have all of the below:

  • User friendly platform
  • Access to a risk management tool
  • Good or fast execution speed
  • High quality charts
  • Able to perform social trading
  • Quick online help or support

Challenges Of Using Online Trading Platforms in Sierra Leone

The US Dollar is considered the base currency around the world so even a tiny change in the US financial markets can affect the financial markets in Sierra Leone. The EU is also a large economy and changes there could affect the financial markets in Sierra Leone.

Like every country there are challenges in Sierra Leone financial markets but overall the prospects are positive. However, like in all global economic markets we recommend that any Online Trading Platforms in Sierra Leone you decide to use, make sure you do your homework first before risking any real money. We have collated hundreds of datapoints and written this guide to help you find the Best Trading Platforms in Sierra Leone.  We hope that by reading this guide you will find a professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Sierra Leone

Is Forex Trading Legal In Sierra Leone?

There is a growing misconception that trading Forex in Sierra Leone is considered unsafe. This is not the situation, Forex trading in Sierra Leone is quite active, safe and regulated.

Trading in Forex is allowed in Sierra Leone as for any business to trade internationally, foreign currency must be exchanged. Whenever you purchase something and it is sent from overseas, there'll be multiple money exchanges by multiple companies to get that item to you.

The main thing is that when trading Forex in Sierra Leone you select one of the top online agents.

Do Forex Traders Pay Tax In Sierra Leone?

Once a trader is successful and their profits reach a particular level then they may be taxed in Sierra Leone as per the standard taxation rules.

Tax returns should always be filed even if there's a reduction. You should seek advice with a documented accountant in Sierra Leone to make certain you are abiding by all present regional laws as it's extremely dependent on your personal circumstances.

Can You Trade Cryptocurrencies In Sierra Leone?

Cryptocurrency markets in Sierra Leone are quite new. As Cryptocurrencies work on decentralised resources in Sierra Leone things like interest rate changes and political instability do not affect them as far as the fiat markets.

Cryptocurrencies are more popular with the centuries as well as growing income levels and technologies adoption, trading cryptocurrency in Sierra Leone is rising day by day. It's still small compared to the Forex markets however about $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Sierra Leone?

Commodities trading in Sierra Leone involves trading in things like precious metals, energies and agricultural commodities.

Some commodities like agricultural are seeing exponential growth inSierra Leone.

Fast growing economies like India have a significant demand for many fundamental raw materials for their population. This means that states like Sierra Leone can take advantage of the circumstance.