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2022 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Sierra Leone

The best Sierra Leone trading platforms
The Best Sierra Leone Brokers 2022

This guide to the professional trading platforms in Sierra Leone has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the latest details about finding a reputable online broker in Sierra Leone.

If you're a new entrant into the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You will acquire adept skills at all the concepts of broker as you continue trading. For starters, you have to choose the best agent in Sierra Leone who will be transparent with you always.

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

We currently have 19 Brokers in our database that we believe are the Top Trading Patforms in Sierra Leone

Who’s The Reputable Sierra Leone Trading Patforms?

This guide has been written to help you find an experienced Sierra Leone broker. When looking for an experienced, professional broker in Sierra Leone it can be quite confusing.  Below we detail what your trading platform are in Sierra Leone and what Sierra Leone online trading platforms can do for you.

A free trial for a minimum of three days is the best way to assess the capabilities and professionalism of any Sierra Leone online trading platform. Before making any ultimate decisions, you want to be able test the broker's platform and software in real-time but with little risk. A demo account will allow you to test the software and see how easy it is. A professional broker in Sierra Leone should make it as simple as possible for any trader. They shouldn't have to do extensive research nor set up multiple accounts before they let you start trialling their tools.

We currently have 19 Trading Patforms in our database that we think are the Best Trading Patforms in Sierra Leone

orient financial brokersfxgloryYa-HiOinvestord minnett limitedExnessUSAAfibo groupBithumbBrightwin Securities And FinanceDF Marketsshaw and partners limitedgci financial llcnpbfxlqdfxFinpronetotradem1 financemacquarie securities limited
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Rating5.85/54.80/54.81/54.94/55.05/55.28/54.53/54.65/51.21/51.21/55.33/54.80/54.85/55.00/56.20/51.37/54.45/54.25/54.65/5
Minimum Deposit$250$250$100$200$250$1$25$250$500$250$1$250$250$250$250$0$250$250$250
Year Founded2014201320082019201320082008201920092010201020142016202020172008201620182019
HeadquartersUnited StatesCyprusSt. Vincent & the GrenadinesSouth AfricaAustraliaCyprusUnited StatesCyprusHong KongNew ZealandUKSwitzerlandGRENADINESUnited KingdomPortugalGRENADINESUSAAustraliaUnited States
Regulated ByFinancial 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-F293Financial 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-F244Financial Conduct Authority (FCA)Southern African Financial Sector Conduct Authority (FSCA)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-F292Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ????? e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF)Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA)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-F226UnregulatedUnregulatedFinancial Conduct Authority (FCA)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-F305Financial 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-F247Financial 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-F287Financial 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-F272UnregulatedFinancial 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-F283Financial 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-F273Financial 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-F274
Clients200,000+1,000,000+10,000+10,000+10,000+10,000+10,000+14,000+10,000+10,000+10,000+250,000+14,000+3,500,000+200,000+10,000+14,000,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskCFDs and derivatives are leveraged products and involve high level of risk. Trading on such financial instruments may result in losing all of your invested capital. Past performance of financial instruments does not guarantee future performance.Your capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses 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 risk
Withdrawal FeesNoYesNoNoNoNoYesYesNoYesNoNoNoNoNoNoNoNoYes
Inactivity FeesNoYesNoYesNoNoNoNoNoNoNoYesNoYesNoYesNoNoNo
Deposit Fees25025010020025012525050025012502502502500250250250
CFD FeesNoYesNoYesNoNoNoYesNoNoNoYesYesNoYesNoNoYesYes
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalYesYesNoNoYesNoNoYesNoNoNoYesYesYesYesNoYesYesYes
Accepts SkrillYesYesNoNoYesNoNoYesNoNoNoYesYesYesYesNoYesYesYes
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts NetellerYesYesNoNoYesNoNoYesNoNoNoYesYesYesYesNoYesYesYes

Online Stock Trading In Sierra Leone

Trading stocks and shares in Sierra Leone is highly regulated and considered very secure. But, be aware that any investment can 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's advised to have a demo account first with a controlled broker so you are able to learn the strategies without the risk of losing money.

Live Forex Trading In Sierra Leone

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

Forex (Abbreviation of Foreign Exchange) is a currency exchange involving two different nations and the following management of the resulting position in which one currency gains and the other loses.

It is possible to do Live Forex Trading in Sierra Leone using experienced online agents

Live CFD Trading In Sierra Leone

CFD trading is the selling and buying of contracts for difference via an online agent in Sierra Leone. When you trade CFDs you are entering into an agreement 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 eToro or IC Markets. It is a simple bet as to whether the price will go up or down.  Usually, the Sierra Leone online trading platforms will show the prices you have.

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

Trading Shares 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 brokers are highly regulated, experienced and customer centric. 

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

The financial industry in Sierra Leone are 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 thoroughly tested and highly rated & secure.

Whichever Online Trading Solutions in Sierra Leone you decide to use, make sure they have all of the below:

  • User friendly platform
  • Availability of a risk management tool
  • Good or fast execution speed
  • Better quality charts
  • Able to perform social trading
  • Professional online help or support

Challenges Of Trading Online in Sierra Leone

The US Dollar is considered the base currency globally so even a small change in the US economic markets can affect the financial markets in Sierra Leone. The EU is also a large market and changes there may affect the economic markets in Sierra Leone.

Like many countries there are challenges in Sierra Leone financial markets and overall the outlook is good. However, like in all global economic markets we recommend that any Online Trading Brokers in Sierra Leone 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 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 isn't the case, Forex trading in Sierra Leone is quite active, safe and regulated.

Trading in Forex is allowed in Sierra Leone as for any company to trade globally, foreign currency must be exchanged. Any time you buy something and it is shipped from abroad, there will be numerous money exchanges by multiple companies to receive that item to you.

The important issue is that when trading Forex in Sierra Leone you pick one of the top online agents.

Do Forex Traders Pay Tax In Sierra Leone?

After a trader is successful and their profits reach a particular level then they may be taxed in Sierra Leone as per the typical tax rules.

Tax returns must always be registered even if there is a reduction. You should seek advice with a documented accountant in Sierra Leone to ensure you're abiding with present local laws since it is very determined by your personal conditions.

Can You Trade Cryptocurrencies In Sierra Leone?

Cryptocurrency markets in Sierra Leone are rather new. As Cryptocurrencies work on decentralised assets in Sierra Leone things like interest rate fluctuations and political instability don't affect them as much as the currency markets.

Cryptocurrencies are more popular with the younger generations and with growing income levels and technologies adoption, trading cryptocurrency in Sierra Leone is increasing day by day. It's still modest in comparison to the Forex markets however about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Sierra Leone?

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

Some commodities like agricultural are seeing exponential growth inSierra Leone.

Fast growing economies like India have a big need for many basic raw materials because of their population. This means that countries like Sierra Leone can take advantage of this circumstance.