Best Trading Platform Ethiopia

In this guide, we go over the best trading platforms in Ethiopia. We analyzed and researched brokers in Ethiopia 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 Ethiopia

  1. ActivTrades is the top online broker in Ethiopia. Great for Forex and CFD trading.
  2. Interactive Brokers is second. Best Market Access Trading Platform.
  3. Capital.com. Access to 6100 CFDs. Great Trading Platform in Ethiopia.
  4. XTB comes in fourth place. CFD broker listed on a stock exchange.
  5. IQ Option finishes our list. Best for Digital Options Trading.
Online Brokers Ethiopia Featured

Best Online Trading Platforms Ethiopia

Rank Trading Platform Our Score Information Minimum Deposit
#1 ActivTrades 4.8 Great Trading Software. $500
#2 Interactive Brokers 4.9 Best Market Access. $0
#3 Capital.com 4.8 Access to 6100+ Markets. $20
#4 XTB 4.8 Global CFD Broker with Low Commissions. $0
#5 IQ Option 4.2 Best For Digital Options $10

How to pick an online trading platform?

When picking an Ethiopian 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 Stock Trading Platforms in Ethiopia, starting with our best-rated ActivTrades.

ActivTrades – Top Online Broker in Ethiopia Overall

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85% 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.

ActivTrades is a great global brokerage firm for trading forex and CFDs, and is also regulated by FCA and CSSF, making it a very safe option. ActivTrades offers competitive trading costs, a quick account setup process, a user-friendly platform, outstanding research and education, a transparent fee report, and prompt customer service. ActivTrades offers CFDs on Forex, Indices, Commodities, Shares, ETFs, and Cryptocurrencies.

Overview

Trading Platform ActivTrades
Founded 2001
Regulation The Securities Commission of the Bahamas, FCA
Offering Of Investments Forex, Shares, Indices, Commodities, Cyptocurrencies, ETFs
Minimum Deposit $500
Demo Account Yes
Withdrawal Fee $0 and 9 GBP for Bank Transfer
Inactivity Fee $0
Deposit Methods Bank Transfer, Neteller, Skrill, Sofort, Paypal, Credit and Debit Cards

Overview

Trading Fee ActivTrades
EURUSD 0.87
GBPUSD 1.14
Bitcoin Spread: 84.48 (USD)
Apple Fees 0.05% - $0.02 per share
Tesla Fees 0.05% - $0.02 per share
Amazon Fees 0.05% - $0.02 per share
S&P 500 Fees Varied Spread
Options Fee N/A
Mutal Fund Fees N/A
ETF Fee 0.05% - $0.02 per share

Interactive Brokers – Best Market Access Broker Ethiopia

Interactive Brokers, established in 1978 and listed on the New York Stock Exchange, is one of the best brokerage firms you can use in Ethiopia. IBKR is an excellent option because it connects clients to 150 markets in 33 countries, ensuring that the vast majority are satisfied.

This broker comes highly recommended for advanced traders who want to trade a wide range of assets at competitive rates while also taking advantage of comprehensive research tools. You'll be relieved that the broker does not charge you for inactivity. IBKR is also well-regulated by industry-leading regulatory bodies, so security isn't an issue when trading with IBKR.

Overview

Trading Platform Interactive Brokers
Founded 1978
Regulation SEC, CFTC, FCA, NFA
Offering Of Investments Stocks, ETFs, Options, Futures, Currencies, Cryptocurrencies, US Spot Gold, Bonds, Mutual Funds, Hedge Funds
Minimum Deposit $0
Demo Account Yes
Withdrawal Fee 1 Free Withdrawal per Month
Inactivity Fee No
Deposit Methods Bank Wire, Credit Cards, ACH, Mail a check, Rollover, Online Bill Pay, Trustee-to-Trustee, SEP Contribution

Overview

Trading Fee Interactive Brokers
EURUSD Spreads
GBPUSD Spreads
Bitcoin 0.12% - 0.18% of trade value
Apple Fees $0 commissions
Tesla Fees $0 commissions
Amazon Fees $0 commissions
S&P 500 Fees N/A
Options Fee N/A
Mutal Fund Fees N/A
ETF Fee $0 commissions

Capital.com – Best Cryptocurrency Trading Platform Ethiopia

Capital.com is a well-known global broker that outperforms many others in educational materials, research, and online trading platform. We liked the company's superb research offering, including core economic data commentary, technical analysis, and much more. Capital.com offers many educational tools, such as articles, videos, and a complete training program, making it an excellent choice for newbies.

Top-tier authorities regulate Capital.com like the FCA, ASIC, CySEC, and FSA.

Capital.com offers CFDs on 6100+ instruments. These include Forex, Indices, Commodities, Cryptocurrencies, and Shares. On top of we that, you can invest in real shares and ETFs through Capital.com – something not a lot of online brokers offer.

Overview

Trading Platform Capital.com
Founded 2016
Regulation FCA, CySec, ASIC, MiFID
Offering Of Investments Shares, Forex, Commodities, Indices, Crypto
Minimum Deposit $20
Demo Account Yes
Withdrawal Fee $0
Inactivity Fee No
Deposit Methods Credit Cards, Bank Transfer, Wire Transfer, Sofort, IDeal, MultiBanko, Trustly, WebMoney, Qiwi, Skrill, and Neteller

Overview

Trading Fee Capital.com
EURUSD Spread: 0.00006
GBPUSD Spread: 0.00013
Bitcoin Spread: 90
Apple Fees $0
Tesla Fees $0
Amazon Fees $0
S&P 500 Fees Spread: 0.8
Options Fee N/A
Mutal Fund Fees N/A
ETF Fee N/A

XTB – Low Fee CFD Broker Ethiopia

XTB provides hands-down among the best trading CFD fees in the industry. XTB is a CFD broker formed in 2002 with offices in London and Warsaw. It is an excellent choice in Ethiopia if you’re seeking a trading experience with low forex CFD fees and a quick deposit and withdrawal process.  It's also a secure pick approved by several top-tier regulatory authorities worldwide, including the tier-1 Financial Conduct Authority (FCA). Moreover, XTB increases its credibility by making its financial records available on its website.

Overview

Trading Platform XTB
Founded 2002
Regulation FCA, CySEC, Fincancial Services Commission in Belize
Offering Of Investments Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Crypto
Minimum Deposit $0
Demo Account Yes
Withdrawal Fee 20 USD for withdrawals under 100 USD
Inactivity Fee $10 monthly after 12 months
Deposit Methods Bank Transfers, Credit and Debit Cards, Skrill

Overview

Trading Fee XTB
EURUSD 0.1 - 0.5
GBPUSD 0.1 - 0.5
Bitcoin 3.5 USD
Apple Fees 0.30%
Tesla Fees 0.30%
Amazon Fees 0.30%
S&P 500 Fees N/A
Options Fee N/A
Mutal Fund Fees N/A
ETF Fee 0.30%

IQ Option – Best For Digital Options

IQ Option finishes the list. IQ Option is a great CFD broker, founded in 2013We found it great for digital options. They offer both mobile and desktop trading platforms which are easy to use and well designed. The minimum deposit is $10, and they accept Credit Cards, Debit Cards, Skrill, WebMoney, Neteller, Moneybookers.

IQ Option is best for digital options but also offers Forex, Crypto, Commodities, Indices, Stocks, and ETFs.

Overview

Trading Platform IQ Option
Founded 2013
Regulation Not Regulated
Offering Of Investments CFDs on Options, Forex, Stocks, Cryptocurrencies, Commodities, Indices, ETFs
Minimum Deposit $10
Demo Account Yes
Withdrawal Fee 1 Free Withdrawal/month
Inactivity Fee $10/month after 90 days
Deposit Methods Debit/Credit Cards, Bank/Wire Transfer, Moneybookers, Neteller

Overview

Trading Fee IQ Option
EURUSD Dynamic Spread 0.005%
GBPUSD Dynamic Spread 0.008%
Bitcoin Dynamic Spread 0.407%
Apple Fees Dynamic Spread 0.713%
Tesla Fees Dynamic Spread 0.713%
Amazon Fees Dynamic Spread 0.714%
S&P 500 Fees N/A
Options Fee N/A
Mutal Fund Fees N/A
ETF Fee Dynamic Spread 0.131%

Online Trading Regulation In Ethiopia

Online trading in Ethiopia 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 National Bank of Ethiopia (NBE) is the financial regulatory body in Ethiopia. 

Compare Online Trading Platforms in Ethiopia

Compare brokers below to get a better understanding of how trading platforms compare to each other:

Trading Platform Interactive Brokers ActivTrades Capital.com XTB IQ Option
Founded 1978 2001 2016 2002 2013
Regulation SEC, CFTC, FCA, NFA The Securities Commission of the Bahamas, FCA FCA, CySec, ASIC, MiFID FCA, CySEC, Fincancial Services Commission in Belize Not Regulated
Offering Of Investments Stocks, ETFs, Options, Futures, Currencies, Cryptocurrencies, US Spot Gold, Bonds, Mutual Funds, Hedge Funds Forex, Shares, Indices, Commodities, Cyptocurrencies, ETFs Shares, Forex, Commodities, Indices, Crypto Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Crypto CFDs on Options, Forex, Stocks, Cryptocurrencies, Commodities, Indices, ETFs
Minimum Deposit $0 $500 $20 $0 $10
Demo Account Yes Yes Yes Yes Yes
Withdrawal Fee 1 Free Withdrawal per Month $0 and 9 GBP for Bank Transfer $0 20 USD for withdrawals under 100 USD 1 Free Withdrawal/month
Inactivity Fee $0 $0 $0 $10 monthly after 12 months $10/month after 90 days
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 Credit Cards, Bank Transfer, Wire Transfer, Sofort, IDeal, MultiBanko, Trustly, WebMoney, Qiwi, Skrill, and Neteller Bank Transfers, Credit and Debit Cards, Skrill Debit/Credit Cards, Bank/Wire Transfer, Moneybookers, Neteller

Compare Trading Platform Fees

Below you can compare the trading and non-trading fees:

Trading Fee Interactive Brokers ActivTrades XTB Capital.com IQ Option
EURUSD Spreads 0.87 0.1 - 0.5 Spread: 0.00006 Dynamic Spread 0.005%
GBPUSD Spreads 1.14 0.1 - 0.5 Spread: 0.00013 Dynamic Spread 0.008%
Bitcoin 0.12% - 0.18% of trade value Spread: 84.48 (USD) 3.5 USD Spread: 90 Dynamic Spread 0.407%
Apple Fees $0 commissions 0.05% - $0.02 per share 0.30% $0 Dynamic Spread 0.713%
Tesla Fees $0 commissions 0.05% - $0.02 per share 0.30% $0 Dynamic Spread 0.713%
Amazon Fees $0 commissions 0.05% - $0.02 per share 0.30% $0 Dynamic Spread 0.714%
S&P 500 Fees N/A Varied Spread N/A Spread: 0.8 N/A
Options Fee N/A N/A N/A N/A N/A
Mutal Fund Fees N/A N/A N/A N/A N/A
ETF Fee $0 commissions 0.05% - $0.02 per share 0.30% N/A Dynamic Spread 0.131%

Final Verdict

We hope you found all the details you needed in our guide. Just to recap, here are the best online brokers in Ethiopia:

ActivTrades Interactive Brokers Capital.com XTB IQ Option
Our Score 4.9 4.9 4.8 4.8 4.3
Fees Score 4.9 4.9 4.9 4.8 4.2
Mobile App Score 4.9 4.6 4.7 4.7 4.6
Trading Platform Score 4.9 4.8 4.7 4.8 4.7
Offering Of Investments Score 4.8 4.9 4.6 4.7 4.4
Regulation Score 4.8 5.0 4.8 4.8 1
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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.