In this guide, we go over the best trading platforms in Eritrea. We analyzed and researched brokers in Eritrea based on various 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 certain threshold to be considered in the following list.
Top Trading Platforms for Traders in Eritrea
- Interactive Brokers is the Best Online Broker in Eritrea. Reputable Online Trading Platform. Best Market Access.
- ActivTrades is second. Great CFD and Forex Trading Platform Eritrea.
- XTB is in third place. Best CFD Broker Eritrea.
- Capital.com. Access to 6100 CFDs. Great Trading Platform.
- TradeStation Global finishes the list. Great Market Variety.
Best Online Trading Platforms Eritrea
| Rank | Trading Platform | Our Score | Information | Minimum Deposit |
|---|---|---|---|---|
| #1 | Interactive Brokers | 4.9 | Best Market Access. | $0 |
| #2 | ActivTrades | 4.8 | Great Trading Software. | $500 |
| #3 | XTB | 4.8 | Global CFD Broker with Low Commissions. | $0 |
| #4 | Capital.com | 4.8 | Access to 6100+ Markets. | $20 |
| #5 | Tradestation Global | 4.8 | Low Stock and ETF fees | $0 |
How to pick an online trading platform?
When picking an Eritrean trading 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 break down the Best Stock Trading Platforms in Eritrea, starting with our best-rated Interactive Brokers.
Interactive Brokers – Best Online Broker in Eritrea Overall
During our testing and research, Interactive Brokers came up on top.
If you wish to trade a wide variety of markets with a regulated broker, Interactive Brokers is a great option. IBKR is a popular international broker that opened its doors in 1978 and has access to 150 markets in 33 countries and a wide range of high-quality services, with a $0 minimum deposit. This company is a gem for international investors who want to trade many assets at affordable prices using advanced research and trading tools. IBKR also holds top-tier regulatory licenses, which further enhances its security.
ActivTrades – Best Forex and CFD Broker Eritrea
ActivTrades is excellent for FX and CFDs trading in Eritrea. ActivTrades is an FCA and CSSF-regulated worldwide broker founded in 2001.
ActivTrades offers its clients low trading fees, a hassle-free account opening, a user-friendly interface, excellent research and education, a transparent fee report, and quick customer service. However, ActivTrades is exclusively a CFD broker.
They offer forex, shares, indices, commodities, and cryptocurrencies.
XTB – Great CFD Broker in Eritrea
Everyone likes a low-cost trading experience, and XTB excels in providing that for global investors, including those from Eritrea.
XTB is a CFD broker with offices in London and Warsaw that offers traders an outstanding trading experience with low forex CFD fees and a quick deposit and withdrawal process. Plus, XTB is considered a safe brokerage firm, as it is regulated by several well-known regulatory bodies globally, including the FCA, a tier-1 regulator.
Capital.com – Best Trading Education and Research
When it comes to providing high-quality educational content, research, and online trading platforms, Capital.com is one of the best brokers. The broker's outstanding research offering, which includes everything from fundamental economic data commentary to technical analysis, will satisfy you. Capital.com also provides excellent educational resources that appeal to beginner traders, such as articles, videos, and a thorough training program.
Regulation In Eritrea
Online trading in Eritrea is gaining more and more attention from the ambitious residents of the country, and for the trading process to be both safe and successful, it needs to be overseen by the financial regulator(s) in this country.The Bank of Eritrea (BoE) is the financial regulatory body in Eritrea.
- To learn more about the BoE, you can visit its official website: https://www.boe.gov.er/ or its webpage on Wikipedia.
Compare Online Trading Platforms in Eritrea
| Trading Platform | Interactive Brokers | ActivTrades | XTB | Capital.com | Tradestation Global |
|---|---|---|---|---|---|
| Founded | 1978 | 2001 | 2002 | 2016 | 1982 |
| Regulation | SEC, CFTC, FCA, NFA | The Securities Commission of the Bahamas, FCA | FCA, CySEC, Fincancial Services Commission in Belize | FCA, CySec, ASIC, MiFID | FCA |
| Offering Of Investments | Stocks, ETFs, Options, Futures, Currencies, Cryptocurrencies, US Spot Gold, Bonds, Mutual Funds, Hedge Funds | Forex, Shares, Indices, Commodities, Cyptocurrencies, ETFs | Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Crypto | Shares, Forex, Commodities, Indices, Crypto | Stocks, Futures, Forex, Micro E-Mini Futures |
| Minimum Deposit | $0 | $500 | $0 | $20 | $1,000 |
| Demo Account | Yes | Yes | Yes | Yes | Yes |
| Withdrawal Fee | 1 Free Withdrawal per Month | $0 and 9 GBP for Bank Transfer | 20 USD for withdrawals under 100 USD | $0 | $0 |
| Inactivity Fee | $0 | $0 | $10 monthly after 12 months | $0 | $0 |
| Deposit Methods | Bank Wire, Credit Cards, ACH, Mail a check, Rollover, Online Bill Pay, Trustee-to-Trustee, SEP Contribution | Bank Transfer, Neteller, Skrill, Sofort, Paypal, Credit and Debit Cards | Bank Transfers, Credit and Debit Cards, Skrill | Credit Cards, Bank Transfer, Wire Transfer, Sofort, IDeal, MultiBanko, Trustly, WebMoney, Qiwi, Skrill, and Neteller | Bank/Wire Transfer |
Final Verdict
We hope you found all the details you needed in our guide. Just to recap, here are the best online brokers in Eritrea:
| Interactive Brokers | ActivTrades | XTB | Capital.com | Tradestation Global | |
|---|---|---|---|---|---|
| Our Score | 4.9 | 4.9 | 4.8 | 4.8 | 4.8 |
| Fees Score | 4.9 | 4.9 | 4.8 | 4.9 | 4.7 |
| Mobile App Score | 4.6 | 4.9 | 4.7 | 4.7 | 4.7 |
| Trading Platform Score | 4.8 | 4.9 | 4.8 | 4.7 | 4.8 |
| Offering Of Investments Score | 4.9 | 4.8 | 4.7 | 4.6 | 4.8 |
| Regulation Score | 5.0 | 4.8 | 4.8 | 4.8 | 4.8 |
