Best forex brokers in Tunisia in 2023

Written by
Krisztián G.
Fact checked by
Updated
2w ago
Dive into our top list of regulated and trusted brokers that we tested with real money. Every broker is available in Tunisia.

Find below the pros of best forex brokers available in Tunisia, updated for 2023:

  1. Fusion Markets is the best forex broker in Tunisia in 2023 - One of the lowest commissions on the market. Wide range of currencies. Low withdrawal fee.
  2. IC Markets - Low FX commission and tight spreads. Wide range of currencies. Low withdrawal fee.
  3. Global Prime - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  4. Tickmill - Low FX commission and tight spread. Rich selection of currency pairs. Low withdrawal fee.
  5. Axi - Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
  6. MultiBank - Comptetitive EUR/USD trading fees. Excellent customer service. Social trading available.
  7. TMGM - Free withdrawal. Decent currency pair selection. Leverage can be set manually.
  8. XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
  9. Moneta Markets - Low forex fees. Easy and quick account opening. Seamless deposit and withdrawal.
  10. XTB - Low forex financing rates. Free withdrawal in most cases. Great variety of research tools.
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Overview of the best forex brokers

While many forex trading brokers offer an excellent service, the ones in our toplist go the extra mile.

Broker
FX commission per lot
Minimum deposit
Fusion Markets
$2.25 commission per lot per trade
$0
IC Markets
$3.50 commission per lot per trade
$200
Global Prime
$3.50 commission per lot per trade
$0
Tickmill
$2.00 commission per lot per trade
$100
Axi
$3.50 commission per lot per trade
$0
MultiBank
$3.00 commission per lot per trade
$50
TMGM
$3.50 commission per lot per trade
$100
XM
$3.50 commission per lot per trade on XM Zero accounts
$5
Moneta Markets
$3.00 commission per lot per trade
$50
XTB
No commission is charged
$0
Best forex brokers key data compiled for November 2023

Popularity of the best forex brokers in Tunisia

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

Forex spreads' comparison

In most cases, the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important forex spreads in the table below to help with your calculations.

Broker
EURUSD spread
GBPUSD spread
Fusion Markets
0.0
0.0
IC Markets
0.0
0.0
Global Prime
0.1
0.2
Tickmill
0.2
0.3
Axi
0.2
0.4
MultiBank
0.3
0.5
TMGM
0.1
0.3
XM
0.1
0.2
Moneta Markets
0.2
0.2
XTB
1.0
1.3
Spreads at the best forex brokers in November 2023
We collect spreads regularly, please check the tooltip for the date of the data collection.
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If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.

Other fees at forex 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
Fusion Markets
$0
IC Markets
$0
Global Prime
$0
Tickmill
$0
Axi
$0
MultiBank
$0
TMGM
$0
XM
$0
Moneta Markets
$0
XTB
$0
Non-trading fees at the best forex brokers in November 2023

Can I trust these forex brokers in Tunisia?

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 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
Fusion Markets
ASIC in Australia
IC Markets
ASIC in Australia
Global Prime
ASIC in Australia
Tickmill
FCA in the UK
Axi
FCA in the UK and ASIC in Australia
MultiBank
ASIC in Australia and BaFin in Germany
TMGM
ASIC in Australia
XM
ASIC in Australia
Moneta Markets
ASIC in Australia
XTB
FCA in the UK
Trust metrics for the best forex brokers in Tunisia in 2023
We label a broker as trusted if it has reliable regulation.

How to choose the best forex broker?

There is no universally declared best forex broker. Even the winner of our best FX broker toplist may not be suitable for certain traders. Here's why we say that.

What you look for in an FX broker depends on your experience as a forex trader as well as your trading strategy and other personal preferences. Regardless whether you are a novice or a seasoned trader, you will need to carry out some research and consider various factors to ensure you choose a reliable and suitable platform.

Here are some key aspects you should always take into account when selecting a forex broker:

  1. Regulation and licensing: Never compromise when it comes to safety. Make sure the broker you work with is regulated by a reputable financial authority such as the US Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), or the Australian Securities and Investments Commission (ASIC). Being overseen by a top-tier regulator means the broker operates with transparency and adheres to strict financial standards. Also find out whether your local financial market regulator requires brokers operating in your country to be licensed locally.
  2. Spreads and fees: Your trading costs can easily add up in forex. Compare the spreads and other trading fees (such as commission and financing rate) the broker charges with some other brokers. Lower spreads are generally more favorable for traders. Some brokers charge lower spreads but add a commission to each trade. Examine the fee structure thoroughly.
  3. Leverage: Leverage can be your best friend or your arch enemy in forex. It depends on you. Leverage allows you to control a larger position by borrowing money from your broker. You can open a larger position with a smaller amount of capital, which is great as it can multiply your gains. The huge risk here is that leverage also increases your losses. Make sure the offered leverage is in tune with your risk tolerance. Our analysts, forex traders themselves, prefer brokers that allow clients to set the leverage level on their trades manually.
  4. Trading platform: Whether a beginner or an experienced trader, the trading platform a broker offers is a key issue. As a beginner, you will want a platform that is easily understandable and comes equipped with straightforward navigation/functionalities. Advanced traders will typically look for the availability of more complex technical analysis tools. The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms - offered by many forex brokers - are the most popular in the forex universe.
  5. Deposit and withdrawal options: Look into the available deposit and withdrawal methods. Ensure the broker supports convenient and secure payment methods for both funding and withdrawing from your trading account.
  6. Demo account: This is a must have if you are just starting out as a forex trader. Demo accounts simulate real trading accounts but you use virtual money to trade. These are perfect for practicing and learning a few tricks without risking your money.

As you can see, there are quite a few selection criteria you should consider before committing to a broker. Nevertheless, if you don't find the perfect match at first, you can always go ahead and open another account at a different broker. What's truly important is that you avoid scam brokers that will trick you to steal your money.

What's truly important is that you avoid scam brokers that will trick you to steal your money.

And now, let's see the top forex brokers in detail one by one, starting with the winner, Fusion Markets.

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
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, AstroPay, Neteller, dragonpay, Jeton, eZeeWallet, Sticpay, Perfect Money, fasapay, Binancepay,Interac, Pay Retailers, X-Pay, LuqaPay, PayOp, Zotapay, Payid, Mifinity
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, AstroPay, Neteller, dragonpay, Jeton, eZeeWallet, Sticpay, Perfect Money, fasapay, Binancepay,Interac, Pay Retailers, X-Pay, LuqaPay, PayOp, Zotapay, Payid, Mifinity
Withdrawal fee $0
Currency pairs 90
Inactivity fee No
Read review For a detailed analysis of Fusion Markets services, check out our review for 2023.

Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options

Visit broker
74.32% of retail CFD accounts lose money

IC Markets snapshot
Minimum deposit $200
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Withdrawal fee $0
Currency pairs 65
Inactivity fee No
Read review For a detailed analysis of IC Markets services, check out our review for 2023.

Recommended for forex and cfd traders who are familiar with the metatrader trading platforms

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

Global Prime snapshot
Minimum deposit $0
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, GATE8, DragonPay, VNPay, PromptPay, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Rapyd, BinancePay, Jeton, Mifinity, FasaPay, Pagsmile
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, GATE8, DragonPay, VNPay, PromptPay, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Rapyd, BinancePay, Jeton, Mifinity, FasaPay, Pagsmile
Withdrawal fee $0
Currency pairs 60
Inactivity fee No
Read review For a detailed analysis of Global Prime services, check out our review for 2023.

Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform

Visit broker
72% of retail CFD accounts lose money

Tickmill snapshot
Minimum deposit $100
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal
Withdrawal method Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal
Withdrawal fee $0
Currency pairs 62
Inactivity fee No
Read review For a detailed analysis of Tickmill services, check out our review for 2023.
Axi Logo

Axi

Recommended for forex traders familiar with the metatrader 4 platform

Visit broker
73.9% of retail CFD accounts lose money

Axi snapshot
Minimum deposit $0
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, Neteller, Skrill, Sofort, GiroPay, iDeal, Polish Internet Banking, Global Collect, China Union Pay
Withdrawal method Bank transfer, Credit/debit cards, Neteller, Skrill, Sofort, GiroPay, iDeal, Polish Internet Banking, Global Collect, China Union Pay
Withdrawal fee $0
Currency pairs 86
Inactivity fee Yes
Read review For a detailed analysis of Axi services, check out our review for 2023.

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
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Praxis, Bitcoin, tether, myFatoorah, pagsmile,Paytrust, PlusWallets, Thai QR payment, PaymentAsia, GlobePay, korapay, Boletol, Pay Retailers, pix, SPE, dragonpay, GCash
Withdrawal method Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Praxis, Bitcoin, tether, myFatoorah, pagsmile,Paytrust, PlusWallets, Thai QR payment, PaymentAsia, GlobePay, korapay, Boletol, Pay Retailers, pix, SPE, dragonpay, GCash
Withdrawal fee $0
Currency pairs 55
Inactivity fee Yes
Read review For a detailed analysis of MultiBank services, check out our review for 2023.

Recommended for forex traders who prefer the metatrader platform

Visit broker
68% of retail CFD accounts lose money

TMGM snapshot
Minimum deposit $100
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker
Withdrawal method Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker
Withdrawal fee $0
Currency pairs 50
Inactivity fee Yes
Read review For a detailed analysis of TMGM services, check out our review for 2023.
XM Logo

XM

Recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening

Visit broker
75.33% of retail CFD accounts lose money

XM snapshot
Minimum deposit $5
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under FSC)
Withdrawal method Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under FSC)
Withdrawal fee $0
Currency pairs 55
Inactivity fee Yes
Read review For a detailed analysis of XM services, check out our review for 2023.

Recommended for forex and cfd traders familiar with the metatrader trading platforms

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

Moneta Markets snapshot
Minimum deposit $50
Mobile app score 4.3 stars
Deposit method Bank transfer, Credit/debit cards, Fasapay, JCB, SticPay
Withdrawal method Bank transfer, Credit/debit cards, Fasapay, JCB, SticPay
Withdrawal fee $0
Currency pairs 46
Inactivity fee No
Read review For a detailed analysis of Moneta Markets services, check out our review for 2023.
XTB Logo

XTB

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Visit broker
81% of retail CFD accounts lose money

XTB snapshot
Minimum deposit $0
Mobile app score 4.4 stars
Deposit method Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal
Withdrawal method Bank transfer
Withdrawal fee $0
Currency pairs 57
Inactivity fee Yes
Read review For a detailed analysis of XTB services, check out our review for 2023.

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How did BrokerChooser select the best FX brokers in Tunisia?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fee, commission),
  • Compared the number of currency pairs,
  • Checked minimum deposit requirements,
  • Opened an account and tested the platform (charting, features, usability, customer service).


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BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.

FAQ

Which are the top forex brokers in the world?

These are the best forex brokers in the world in 2023:

  1. Fusion Markets - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
  2. IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
  3. Global Prime - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  4. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
  5. Axi - Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
  6. MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
  7. TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  8. XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
  9. Moneta Markets - Low forex fees. Easy and quick account opening. Seamless deposit and withdrawal.
  10. XTB - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. Interest paid on cash (up to 5% for USD).

Is forex good for beginners?

Forex trading can be alluring for beginners due to its potential for high returns. However, it comes with a unique set of risks and complexities that might not make it the best choice for all beginners. Trading currencies involves high risk, mostly because it is highly leveraged, meaning that you can control a larger position size with a relatively small amount of capital by borrowing money from your broker. While this can amplify potential profits, it also magnifies potential losses.

Forex trading involves a steep learning curve. Understanding how currency pairs work, interpreting charts, using technical and fundamental analysis, and developing effective trading strategies requires time, effort, and dedication. Beginners need to invest considerable time in educating themselves about the market and trading techniques.

In addition, you will need strong emotional discipline if you are to be a successful forex trader. You will need to manage their emotions, avoid impulsive decisions, and stick to your trading plans even in the face of losses. The psychological pressures of trading can be overwhelming for beginners.

These are just some of the risks and copmplexities of forex trading, the list is actually much longer.If you are interested in forex trading, take the time to educate yourself, practice with a demo account, and start with a small amount of capital that you can afford to lose. Additionally, consider seeking advice from experienced traders or financial professionals before diving into the world of forex trading.

What does a forex broker do?

A forex broker, short for foreign exchange broker, is a financial intermediary that helps retail investors, corporations and other entities trade foreign currencies in the forex market. These brokers provide access to the market, execute trades, provide trading platforms and liquidity, offer leverage and margin trading, as well as analytical and educational tools. As a retail trader, forex brokers are your bridge to trading currencies.

Reputable forex brokers are regulated by relevant financial authorities in their respective jurisdictions. Regulatory oversight helps ensure that brokers adhere to industry standards, follow ethical practices, and provide a fair trading environment for their clients.

How much money do I need to begin forex trading?

There is no fixed amount of money that applies to everyone when it comes to forex trading. It's crucial to assess your financial situation, risk tolerance, and trading goals to determine the appropriate amount of capital for you to start trading.

One thing to consider is the minimum deposit requirement of your broker. Some brokers allow you to open an account with as little as $50 or $100, while others might require a higher initial deposit.

You can start trading forex with as little as $10 or $50 and still be able to open larger prositions due to leverage. Leverage is the practice of borrowing money from your broker to trade. Be extremely careful with this possibility, as leverage multiplies not only your gains but also your losses. Aside from the initial deposit, consider trading costs such as spreads (the difference between buying and selling prices), commissions, and overnight financing costs (swap rates). These costs can impact your overall profitability.

When deciding how much capital you need, consider trading costs such as spreads (the difference between buying and selling prices), commissions, and overnight financing costs (swap rates). These costs can add up and impact your overall profitability.

Remember that forex trading involves risk, and it's best to start with a smaller amount and gradually increase your capital as you gain experience and confidence in your trading abilities.

Can I trade forex without a broker?

No, you cannot directly trade forex without a broker. The forex market operates through a decentralized network of banks, financial institutions, and brokers who facilitate currency trading.

You need a broker to gain access to the forex market, to have a platform on which to trade and prices to go by. These are all provided by your broker.

Forex is traded with leverage. Leverage is the practice of borrowing money from your broker to be able to open larger prositions. This possibility is also provided by brokers. A word of caution: be extremely careful with leverage, as it will multiply not only your gains but also your losses.

If you want to trade forex, you will need to open a trading account at a forex broker and deposit enough money to be able to start trading. Make sure you choose a well-regulated broker as the forex universe is awash with scams.

Want to understand forex trading in more detail?

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

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Author of this article

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

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.

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.

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