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HomeForexCountries
Ethiopia
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Best Forex Brokers in Ethiopia

Last updated May 3, 2026

Africa • 2 brokers available

2
Brokers
Lowest Min. Deposit
$1
Active Regulators
8 regulators

Ethiopia's NBE (National Bank of Ethiopia) oversees financial services and foreign exchange. Tight capital-flow controls restrict domestic retail forex trading, and most Ethiopian traders access global forex platforms through offshore or regionally licensed brokers. The market remains at an early stage but is expanding alongside broader economic growth.

Top Ethiopia Forex Brokers

2 brokers

Exness

FCA, CySEC
4.4/ 5

Exceptional value for developing-market traders - instant withdrawals, $1 minimum deposit, and ultra-competitive raw spread pricing.

Min. deposit: $1

Spreads from 0.3 pips

Commission: $3.5/lot

Up to 2000:1

Read Review

XM

CySEC, ASIC
4.3/ 5

Low minimum deposit, broad bonus program, and strong educational content. CySEC- and ASIC-regulated.

Min. deposit: $5

Spreads from 0.6 pips

Up to 1000:1

Read Review

Other Africa Countries

Botswana
Botswana
1 brokers
Cameroon
Cameroon
2 brokers
Ghana
Ghana
17 brokers
Ivory Coast
Ivory Coast
6 brokers

Frequently Asked Questions

Forex trading is restricted in Ethiopia. The country currently has 2 brokers operating under its regulatory framework. Always verify a broker's licence with the local authority before depositing funds.

Look for brokers regulated by Ethiopia's local authority or a Tier 1 regulator such as the FCA or ASIC. Compare spreads, leverage caps, available instruments, and customer support in your language. Our list above is sorted by overall rating to help you shortlist quickly.

Regulated brokers in Ethiopia are required to segregate client funds from company funds and participate in investor compensation schemes where applicable. Always check the broker's regulatory status and read the terms before depositing.

Leverage limits vary by jurisdiction. Traders in Ethiopia may be subject to local restrictions, for example traders in EU-regulated environments are capped at 1:30 for major pairs. Check the specific broker's terms for the leverage available to residents of Ethiopia.

Yes. Most brokers available in Ethiopia offer iOS and Android apps compatible with platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Look for brokers that list "Mobile Trading" as a key feature.

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