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High Risk Warning: Trading forex carries a high level of risk.

HomeForexCountries
Madagascar
Regulated

Best Forex Brokers in Madagascar

Last updated May 3, 2026

Africa • 1 broker available

1
Brokers
Lowest Min. Deposit
$50
Active Regulators
17 regulators

Forex broker coverage and editorial guidance for traders in Madagascar.

Top Madagascar Forex Brokers

1 broker

eToro

FCA, ASIC
4.2/ 5

Best-in-class social and copy trading on a clean proprietary web/mobile platform. FCA / CySEC / ASIC regulated.

Min. deposit: $50

Spreads from 1 pips

Up to 30:1

Read Review

Other Africa Countries

Botswana
Botswana
1 brokers
Cameroon
Cameroon
2 brokers
Ethiopia
Ethiopia
2 brokers
Ghana
Ghana
17 brokers

Frequently Asked Questions

Forex trading is regulated in Madagascar. The country currently has 1 broker operating under its regulatory framework. Always verify a broker's licence with the local authority before depositing funds.

Look for brokers regulated by Madagascar'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 Madagascar 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 Madagascar 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 Madagascar.

Yes. Most brokers available in Madagascar 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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