Best Trading Platforms Benin

In this guide, we go over the best international online brokers in Benin. We analyzed and researched hundreds of brokers, based on a variety of different factors. We compared every aspect of their services, focusing on security, fees & commissions, trading platform, regulation, offering of investments, trading tools, deposits & withdrawals, and more. Brokers had to meet a threshold to be considered in the following list.

Top 5 Trading Platforms for Traders in Benin

  1. Interactive Brokers is the best platform in Benin Overall. Founded in 1978. Best Market Access.
  2. AvaTrade takes second place. Great CFD broker for mobile trading.
  3. XTB comes in third. Great CFD Broker. Company listed on a stock exchange.
  4. Capital.com comes in fourth. Commission Free Real Stocks. Low Forex CFD Fees.
  5. ActiveTrades finishes the list. Best for Forex and CFDs.
Online Trading Platforms Benin

Best Online Trading Platforms in Benin

 Trading PlatformOur ScoreInformationMinimum Deposit
#1Interactive Brokers
4.9International Broker With Wide Market Access.$0
#1AvaTrade

Your capital is at risk.
4.9CFD Broker With Wide Variety of Markets. Great Mobile App.$100
#2XTB
4.8Great For CFD Trading. Listed On Stock Exchange.$0
#3Capital.com
4.8Wide Range Of Products. Zero Commission Real Stocks.$20
#5ActiveTrades
4.7Good Forex and CFD Broker.$500

How to pick an online trading platform?

When picking a platform you should consider the following factors:

  • Overall great service
  • Regulation
  • Safety
  • Fees & Commissions
  • Range of Products
  • Account Opening Process
  • Deposits & Withdrawals

Read below, where we breakdown the top Stock Brokers in Benin, starting with our best-rated Interactive Brokers.

Interactive Brokers – Best Stock Broker in Benin Overall

Interactive Brokers, a NASDAQ-listed company founded in 1978, and is regulated across the world by top-tier authorities. It is one of the most reputable international brokers in the United States and many other countries, including Benin. IBKR allows its clients access to a wide range of markets globally, including 135 markets in 33 countries. It's an overall excellent choice for international investors looking to trade a large number of assets at low rates while also taking advantage of a variety of advanced research tools.

Interactive Brokers offers Stocks, ETFs, Options, Futures, FOPs, Forex, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.

They just released Global Trader, which is their brand new intuitive and easy to use platform.

AvaTrade – Forex and CFD Broker With a Great Mobile App

AvaTrade Logo
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

AvaTrade is a great broker for CFD traders. Their platform and mobile app are one intuitive with lots of features and tools. Choose AvaTrade if you are looking for a reliable low-fee CFD broker offering Forex, Crypto, Stocks, Commodities, Indices, and more.

It is a secure online broker, regulated by a number of well-known authorities around the world, including the tier-1 UK Financial Conduct Authority (FCA).

XTB – Great Forex and CFD Broker

XTB logo
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Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

XTB is an established CFD broker offering access to over 2100 global markets. XTB is a broker founded in 2002 with offices in London and Warsaw. Their platform and mobile app are easy-to-use and their education is top-notch. They have over 450,000 customers worldwide, and offer fast and qualified customer support.

It is a secure online broker, regulated by a number of well-known authorities around the world, including the tier-1 UK Financial Conduct Authority (FCA). XTB publishes its financial records on its website, which is a positive indicator of its trustworthiness and security.

Capital.com – Wide Range Of Products

Capital.com is a great CFD broker, founded in 2016. It is well regulated and offers a wide range of markets. The company is regulated by FCA, FSA, CySEC, ASIC and NBRB.

They offer low spreads, great order execution, a great educational app and research. Capital.com operates with high security standards. Their platform is easy to use with great tools. Capital.com offers Commodities, Indices, Cryptocurrencies, Shares, Forex, and ETFs.

When it comes to educational content, research, and platforms, Capital.com comes out on top. You will be satisfied with the broker's excellent research, which contains everything from fundamental economic data commentary to technical analysis. If you're a beginner, Capital.com offers some of the best education out there, including articles, videos, and a comprehensive training program.

ActiveTrades – Great for Forex and CFDs

ActiveTrades is a CFD and Forex Broker, founded in 2001, and is regulated by the FCA and CSSF. During our research we found that they have low fees, easy account opening, are well regulated and have a seamless account opening process.

They offer Forex, Stock Index CFDs, Stock CFDs, ETF CFDs, Commodity CFDs, and Bond CFDs.

On the downside, their product offering is thin compared to competing brokers in the industry. ActiveTrades has an inactivity fee, and fall short in their research tools.

Online Trading and Regulation in Benin

Benin is part of the regional stock exchange BRVM (Bourse Régionale des Valeurs Mobilières) which serves West African countries. The BRVM operates completely electronic. It provides securities quotation and trading services and regulation of equity markets in Benin.

Final Verdict

We hope you found all the details you needed in our guide. We took into account every possible detail of all renowned brokers, such as fees, payment methods, regulatory bodies, commission charges, to provide you with the best options. Just to recap, here are the best online brokers in Benin:

 Interactive Brokers
AvaTrade
XTB
Capital.com
ActiveTrades
Our Score4.94.94.84.84.7
Fees Score5.04.84.84.94.8
Mobile App Score4.94.94.94.94.7
Trading Platform Score4.84.94.94.94.7
Offering Of Investments Score5.04.84.74.84.2
Regulation Score5.04.94.84.94.7
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Ziga Breznik

Author

About the author

Ziga Breznik is the owner and head of research at PublicFinanceInternational.org – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded PublicFinanceInternational.org as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.