Best CFD brokers in the Democratic Republic of the Congo in 2024

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
Oct 2024

Find below the strengths of the best CFD brokers available in the Democratic Republic of the Congo, updated for 2024:

  1. FP Markets is the best CFD broker in the Democratic Republic of the Congo in 2024. - Low forex fees. Easy and fast account opening and funding. Great education tools.
  2. Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
  3. FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  4. MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
  5. HYCM - Low CFD fees. Great educational content. User-friendly account opening.
  6. AvaTrade - Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
  7. Fusion Markets - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
  8. TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  9. XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
  10. VT Markets - Low trading fees. Easy and fast account opening. Great email and live chat support.
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Key features of the best CFD brokers

While many online CFD brokers and trading platforms offer an excellent service, the ones in our toplist go the extra mile.

Broker
Minimum deposit
Time to open account
FP Markets
$50
1 day
Capital.com
$20
1 day
FXTRADING.com
$50
1 day
MultiBank
$50
1 day
HYCM
$20
1 day
AvaTrade
$100
1 day
Fusion Markets
$0
1 day
TMGM
$100
1 day
XM
$5
1 day
VT Markets
$100
1 day
Best CFD brokers key data compiled for October 2024

Popularity of the best CFD brokers in the Democratic Republic of the Congo

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Trading fees at the best CFD brokers

How much you have to pay for a trade in spreads, commissions and other trading costs is a key broker selection criteria. Check the spreads in the table below. In case of stock CFD, we calculate the fees for a $2,000 trade held for 1 week.

Broker
S&P 500 CFD spread
Apple CFD fee
FP Markets
0.5
$7.5
Capital.com
0.8
$5.0
FXTRADING.com
0.3
-
MultiBank
0.3
$3.3
HYCM
0.5
$3.4
AvaTrade
0.5
$6.6
Fusion Markets
0.3
$3.2
TMGM
2.3
-
XM
0.6
$7.1
VT Markets
0.4
$16.2
Fees at the top CFD brokers

If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.

Non-trading fees at the top CFD brokers

Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

Broker
Withdrawal fee
Inactivity fee
FP Markets
$0
Capital.com
$0
FXTRADING.com
$0
MultiBank
$0
HYCM
$0
AvaTrade
$0
Fusion Markets
$0
TMGM
$0
XM
$0
VT Markets
$0
Non-trading fees at the top CFD brokers in October 2024

Can I trust these CFD brokers in the Democratic Republic of the Congo?

Yes, BrokerChooser exclusively recommends legit brokers, overseen by at least one globally acknowledged regulator. We track more than 20,000 brokers and trading platforms that we don't recommend. To be sure that a broker is reputable and reliable, use our Scam Broker Shield tool.

Key criteria determining a broker's trustworthiness are: regulation, availability of investor protection, as well as a long and spotless track record. Explore the interactive table below, encompassing this array of vital data.

Broker
Top-tier regulators
Trusted broker
FP Markets
ASIC in Australia
Capital.com
FCA in the UK and ASIC in Australia
FXTRADING.com
ASIC in Australia
MultiBank
ASIC in Australia and BaFin in Germany
HYCM
FCA in the UK
AvaTrade
CBI in Ireland and ASIC in Australia
Fusion Markets
ASIC in Australia
TMGM
ASIC in Australia
XM
ASIC in Australia
VT Markets
ASIC in Australia
Trust metrics for the best CFD brokers in the Democratic Republic of the Congo in 2024
We label a broker as trusted if it has reliable regulation.

Product selection at the top CFD brokers

Check out what types of CFDs you can trade at the best CFD brokers and CFD trading platforms.

Broker
Stock index CFD
Stock CFD
FP Markets
Capital.com
FXTRADING.com
MultiBank
HYCM
AvaTrade
Fusion Markets
TMGM
XM
VT Markets

What is CFD trading?

CFDs, short for contracts for difference, are derivative products used to speculate on the price movements of a wide range of financial instruments. A CFD is a contract between two parties under which the seller pays the buyer the difference between the current value of an asset and its value at the time the contract is due.

When trading CFDs, you speculate on whether the price of movement of a financial instrument (i.e. stock, bond, commodity, etc.) will go up or down, without owning the underlying asset . Instead of buying a Vodafone stock, at a CFD broker you will speculate on the direction you think the Vodafone stock will go. If your guess is right, you will make profit on your CFD trade.

There are, however, two [free financial zones in the UAE, which have their own regulatory regimes, albeit they still impose stringent rules to protect clients. These are the Abu Dhabi Global Market (ADGM) and, the better known Dubai International Financial Center (DIFC).

CFDs are leveraged products, meaning that you trade with your own money as well as funds you borrow from your broker. This makes CFD trading extremely risky and not suitable for beginners. A very high percentage of retail traders lose money when trading CFDs.

CFD trading is illegal in the U.S.. However, if you open an account at a European broker, you will be able to trade CFDs on U.S. assets.

And now, let's see the top international online brokers for 2024 for residents in the Democratic Republic of the Congo in detail one by one, starting with the winner, FP Markets.

Recommended for forex and CFD traders familiar with the MetaTrader and IRESS trading platforms

Visit broker
72.5% of retail CFD accounts lose money

FP Markets snapshot
Minimum deposit $50
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Asia Banks, Sticpay, fasapay, Virtual Pay, Rupee Payments, Rapyd, Perfect Money, pagsmile, Cryptocurrency Solution, Crypto (finrax), mybux, ypay, Apple Pay, Google Pay, B2Binpay
Withdrawal methods Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Asia Banks, Sticpay, fasapay, Virtual Pay, Rupee Payments, Rapyd, Perfect Money, pagsmile, Cryptocurrency Solution, Crypto (finrax), mybux, ypay, Apple Pay, Google Pay, B2Binpay
Mobile app score 3.8 stars
Read review For a detailed analysis of FP Markets services, check out our review for 2024.

Recommended for investors and CFD traders looking for a great trading platform and excellent customer service

Visit broker
83.51% of retail CFD accounts lose money

Capital.com snapshot
Minimum deposit $20
Deposit methods Bank transfer, Credit/debit cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly
Withdrawal methods Bank transfer, Credit/debit cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly
Mobile app score 4.9 stars
Read review For a detailed analysis of Capital.com services, check out our review for 2024.

Recommended for forex traders who prefer the MetaTrader platform

Visit broker
74-89% of retail CFD accounts lose money

FXTRADING.com snapshot
Minimum deposit $50
Deposit methods Bank transfer, Credit/debit cards, PayPal, Neteller, UnionPay, USDT
Withdrawal methods Bank transfer, PayPal, Neteller, UnionPay, USDT
Mobile app score 3.8 stars
Read review For a detailed analysis of FXTRADING.com services, check out our review for 2024.

Recommended for forex and CFD traders familiar with the MetaTrader trading platform

Visit broker
74-89% of retail CFD accounts lose money

MultiBank snapshot
Minimum deposit $50
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Swift, pagsmile, my Fatoorah, Plus wallets, Thai QR payment, PayTrust, Pay Retailers, korapay, PaymentAsia, Boletol, pix, SPE, Praxis, GCash, dragonpay, Gobe pay
Withdrawal methods Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Swift, pagsmile, my Fatoorah, Plus wallets, Thai QR payment, PayTrust, Pay Retailers, korapay, PaymentAsia, Boletol, pix, SPE, Praxis, GCash, dragonpay, Gobe pay
Mobile app score 4.3 stars
Read review For a detailed analysis of MultiBank services, check out our review for 2024.

Recommended for forex and CFD traders who prefer the MetaTrader platform

Visit broker
73-76% of retail CFD accounts lose money

HYCM snapshot
Minimum deposit $20
Deposit methods Bank transfer, Credit/debit cards, Skrill, Neteller, PM, AstroPay, WebMoney, PayTrust, fasapay, ZOTAPAY, Lipi
Withdrawal methods Bank transfer, Credit/debit cards, Skrill, Neteller, PM, AstroPay, WebMoney, PayTrust, fasapay, ZOTAPAY, Lipi
Mobile app score 4.3 stars
Read review For a detailed analysis of HYCM services, check out our review for 2024.

Recommended for forex and CFD traders looking for an option to use MetaTrader platforms

Visit broker
63% of retail CFD accounts lose money

AvaTrade snapshot
Minimum deposit $100
Deposit methods Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, Klarna, Webmoney, POLi, Boleto, Perfect Money
Withdrawal methods Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, Klarna, Webmoney, POLi, Boleto, Perfect Money
Mobile app score 4.4 stars
Read review For a detailed analysis of AvaTrade services, check out our review for 2024.

Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Visit broker
74-89% of retail CFD accounts lose money

Fusion Markets snapshot
Minimum deposit $0
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku
Withdrawal methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku
Mobile app score 3.8 stars
Read review For a detailed analysis of Fusion Markets services, check out our review for 2024.

Recommended for forex traders who prefer the MetaTrader platform

Visit broker
80.26% of retail CFD accounts lose money

TMGM snapshot
Minimum deposit $100
Deposit methods Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker
Withdrawal methods Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker
Mobile app score 3.8 stars
Read review For a detailed analysis of TMGM services, check out our review for 2024.
XM Logo

XM

Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening

Visit broker
71.61% of retail CFD accounts lose money

XM snapshot
Minimum deposit $5
Deposit methods Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under FSC)
Withdrawal methods Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under FSC)
Mobile app score 3.8 stars
Read review For a detailed analysis of XM services, check out our review for 2024.

Recommended for forex traders familiar with the MetaTrader trading platforms

Visit broker
74-89% of retail CFD accounts lose money

VT Markets snapshot
Minimum deposit $100
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, Fasapay, UnionPay, Perfect Money, Alipay
Withdrawal methods Bank transfer, Credit/debit cards, Neteller, Skrill, Fasapay, UnionPay, Perfect Money, Alipay
Mobile app score 4.1 stars
Read review For a detailed analysis of VT Markets services, check out our review for 2024.

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How did BrokerChooser select the best CFD brokers?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fee, commission),
  • Specifically compared CFD fees,
  • Looked at the range of CFDs available,
  • Opened an account and tested the platform (charting, features, usability) with real money.

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FAQ

How risky is CFD trading?

While CFDs have many benefits, including access to a wide range of markets with little capital needed upfront, the ability to bet on falling as well as rising markets, making them very popular with online traders, However, they come with high risk of losing your money.

The biggest risk comes from the use of leverage. Leverage means that you borrow money from your broker, which will enable you to spend more money on opening a position than you otherwise would be able to. It’s also called trading on margin, where margin is the percentage of the total value of the trading position you are required to put down.

At 100:1 leverage, you only need to deposit just 1% of the position’s value. So with $10 you can control a position of $1,000 in value. But if you get your bet wrong, you lose many times the amount you deposited. Leverage amplifies you gains as well as your losses.

There are several other risks involved, such as the risk from inexperience, whereby beginners are bound to make expensive mistakes. There is the risk of choosing an unreliable provider and losing your money that way if it goes bust. Markets are risky by definition due to volatility and a lot of unexpected events that affect them.

To limit these risks you should only trade CFDs if you fully understand them, including risk management tools, such as stop-loss and take profit orders. A lot of brokers offer a good selection of educational materials. Also, you should practice trading on a demo account with virtual funds first, to avoid risking your capital. Only trade live, when you are fully confident.

To better understand CFDs and the risk involved, read this article on CFD trading tips compiled by our team of experts.

Can CFD trading be profitable?

Yes, CFD trading can be profitable and investors may make handsome profits when trading these products. Nevertheless, CFDs are very risky instruments, especially because they are leveraged products. Leverage refers to the loan extended by the broker, which allows you to invest a much larger amount of money. Over three quarters of retail trading accounts lose money when trading CFDs. CFDs are by no means a guarantee for getting rich overnight.

What's the difference between CFDs and shares?

The main difference is ownership. You can get exposure to stock markets by trading share CFDs, whithout owning the underlying share that you are betting on. To trade shares outright, you need to buy them via a broker and you own them. The advantage if share CFDs is that you can speculate on a high number of shares without a big capital outlay. The benefit of owning stocks is that they are ideal for long-term investment.

The other difference is leverage. When you trade CFDs, your broker gives you leverage, a loan, meaning that you are able to control a large position with a small initial deposit. With share trading, you buy a share from your own captital and selling it means that you transfer the ownership rights to a buyer. Typically, share are for investing on a longer time horizon, while CFD trades are typically closed out within the day. Both have their advantages and drawbacks, depending on your circumstances and financial goals.

Are CFDs good for beginners?

CFDs are high risk instruments and are not recommended for beginners. CFDs are very risky because they are leveraged products. Leverage in this case means that you trade with your own money and the funds your broker lends you. While you can open much larger positions this way, you can magnify your profits and your losses. CFDs are widely used by experienced traders with a deep understanding of financial markets and investment strategies. If you are an absolute beginner, it makes sense to open a demo account and do a lot of research. Data shows that over three quarters of retail trading accounts lose money when trading CFDs.

Want to understand CFD trading in more detail?

Check out these articles written by our broker and trading experts:d

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author
Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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