Find Me A Broker · 2026 rankings

🇸🇴Top brokers in Somalia

A curated ranking of regulated brokers available to traders in Somalia, with verified spreads, platforms, and account conditions.

  • 10ranked brokers
  • Verifiedregulation data
  • Liveaccount conditions

Current ranking

Best forex brokers in Somalia

Showing 10 brokers

Editor’s top pick

#1
AvaTrade

CBI,ASIC,JFSA,FSRA,FSA,ADGM

4.3Score
Open accountRead review
Min deposit$100
Max leverage400x
PlatformsMT4, MT5, cTrader, Proprietary, Mobile
Support24/5
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$100
  • Max leverage400x
  • Forex pairs55
  • SpreadsFixed and variable

Profile

  • Overall score4.3/5
  • RegulationCBI,ASIC,JFSA,FSRA,FSA,ADGM
  • HeadquartersIreland
  • Founded2006
  • PlatformsMT4, MT5, cTrader, Proprietary, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD, ETFs
  • ExperienceBeginner
  • Trustpilot12,700 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodscredit cards, wire transfers, and e-payments
  • Withdrawal methodscredit/debit cards, bank wire transfers, and e-wallets like Skrill and Neteller
  • Withdrawal timeCard/e-wallet 24-48hrs after approval; Wire Transfer up to 7-10 business days
  • Withdrawal feeNo fee from broker; banks/processors may charge

Support

  • Support hours24/5
  • Live chatYes
  • Phone supportYes
  • Email supportYes
#2
CMC Markets

FCA,ASIC,MAS,BaFin,FMA

4.2Score
Open accountRead review
Min deposit$0
Max leverage500x
PlatformsMT4, MT5, Proprietary, Mobile
Support24/5
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$0
  • Max leverage500x
  • Forex pairs330
  • SpreadsVariable

Profile

  • Overall score4.2/5
  • RegulationFCA,ASIC,MAS,BaFin,FMA
  • HeadquartersUK
  • Founded1989
  • PlatformsMT4, MT5, Proprietary, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD, Stocks, ETFs, Options
  • ExperienceIntermediate
  • Trustpilot3,200 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodsbank transfers, credit/debit cards, and PayPal
  • Withdrawal methodsbank wires, credit/debit cards (Visa and Mastercard), and PayPal
  • Withdrawal time5 business days
  • Withdrawal feeNo internal withdrawal fee

Support

  • Support hours24/5
  • Live chatYes
  • Phone supportYes
  • Email supportYes
#3
XM Group

CySEC,ASIC,IFSC,DFSA,FSC

4.3Score
Open accountRead review
Min deposit$5
Max leverage1000x
PlatformsMT4, MT5, Mobile
Support24/5
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$5
  • Max leverage1000x
  • Forex pairs55
  • Zero spreadAvailable

Profile

  • Overall score4.3/5
  • RegulationCySEC,ASIC,IFSC,DFSA,FSC
  • HeadquartersCyprus
  • Founded2009
  • PlatformsMT4, MT5, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD
  • ExperienceBeginner
  • Trustpilot2,978 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodsBank Wire, Visa/Mastercard, Skrill, Neteller, PayTrust88 (region-specific local methods vary)
  • Withdrawal methodsBank Wire, Visa/Mastercard, Skrill, Neteller, PayTrust88 (region-specific local methods vary)
  • Withdrawal timeVisa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several days
  • Withdrawal feeNo fee from broker; small fee possible on bank wire

Support

  • Support hours24/5
  • Live chatYes
  • Phone supportYes
  • Email supportYes
#4
VT Markets

ASIC,FSCA,CIMA

3.3Score
Open accountRead review
Min deposit$50
Max leverage500x
PlatformsMT4, MT5, Mobile
Support24/5
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$50
  • Max leverage500x
  • Forex pairs40
  • Zero spreadAvailable

Profile

  • Overall score3.3/5
  • RegulationASIC,FSCA,CIMA
  • HeadquartersAustralia
  • Founded2015
  • PlatformsMT4, MT5, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD
  • ExperienceBeginner
  • Trustpilot2,760 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodscredit/debit cards, e-wallets like Skrill and Neteller, local and international bank transfers, and cryptocurrencies
  • Withdrawal methodslocal bank transfers, international wire transfers, and credit/debit cards, alongside e-wallets like Skrill and Neteller.
  • Withdrawal timeInternal/E-Wallet: 20–30 minutes up to 1 business day.Bank Cards (Credit/Debit): 1 to 3 business days.Bank Wire/International Transfer: 3 to 5 business days (can extend up to 7 business days depending on intermediary banks).
  • Withdrawal feeNo fee on most methods after 1st free monthly wire; Fasapay/Skrill/Neteller specific charges apply

Support

  • Support hours24/5
  • Live chatYes
  • Phone supportYes
  • Email supportYes
#5
Exness

FCA,CySEC,ASIC,FSA,FSCA,CBCS

4.2Score
Open accountRead review
Min deposit$100
Max leverage2000x
PlatformsMT4, MT5, Proprietary, Mobile
Support24/7
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$100
  • Max leverage2000x
  • Forex pairs107
  • Zero spreadAvailable

Profile

  • Overall score4.2/5
  • RegulationFCA,CySEC,ASIC,FSA,FSCA,CBCS
  • HeadquartersCyprus
  • Founded2008
  • PlatformsMT4, MT5, Proprietary, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD
  • ExperienceBeginner
  • Trustpilot28,910 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodsbank cards, cryptocurrencies, and e-wallets
  • Withdrawal methodselectronic wallets, bank cards, and cryptocurrencies
  • Withdrawal timecrypto takes 30–60 minutes, and bank cards or wires take 1 to 5 business days
  • Withdrawal feeZero internal fee; bank/processor fees may apply

Support

  • Support hours24/7
  • Live chatYes
  • Phone supportYes
  • Email supportYes
#6
HotForex HFM

FCA,CySEC,DFSA,FSC,FSA,SFSA

3.8Score
Open accountRead review
Min deposit$0
Max leverage2000x
PlatformsMT4, MT5, Mobile
Support24/5
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$0
  • Max leverage2000x
  • Forex pairs53
  • Zero spreadAvailable

Profile

  • Overall score3.8/5
  • RegulationFCA,CySEC,DFSA,FSC,FSA,SFSA
  • HeadquartersSaint Vincent
  • Founded2010
  • PlatformsMT4, MT5, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD
  • ExperienceBeginner
  • Trustpilot9,000 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodsBank Wire Transfers, Credit/Debit Cards, and E-Wallets
  • Withdrawal methodsbank wires, credit/debit cards, and e-wallets
  • Withdrawal timeE-Wallets (Skrill, Neteller, FasaPay): Instant.WebMoney and PayRedeem: Up to 10 minutes.Cryptocurrencies: Up to 24 hours.Credit / Debit Cards: 2 to 5 business days.Bank Wires: 2 to 10 business days depending on the bank.
  • Withdrawal feeno internal withdrawal fees

Support

  • Support hours24/5
  • Live chatYes
  • Phone supportYes
  • Email supportYes
#7
Capital.com

FCA,ASIC,CySEC,SCB,FSA

3.3Score
Open accountRead review
Min deposit$20
Max leverage200x
PlatformsProprietary, Mobile
Support24/5
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$20
  • Max leverage200x
  • Forex pairs120
  • SpreadsVariable

Profile

  • Overall score3.3/5
  • RegulationFCA,ASIC,CySEC,SCB,FSA
  • HeadquartersCyprus
  • Founded2016
  • PlatformsProprietary, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD, Stocks, ETFs
  • ExperienceBeginner
  • Trustpilot14,400 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodsdebit/credit cards, traditional bank transfers, and mobile payment options like Apple Pay and Google Pay
  • Withdrawal methodsbank cards, traditional bank transfers, and digital wallets like Skrill and Neteller.
  • Withdrawal time24 hours
  • Withdrawal feeNo internal fee from broker

Support

  • Support hours24/5
  • Live chatYes
  • Email supportYes
#8
P
Plus500

FCA,ASIC,CySEC,MAS,FSP,SFSA

3.1Score
Open accountRead review
Min deposit$100
Max leverage300x
PlatformsProprietary, Mobile
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$100
  • Max leverage300x
  • Forex pairs60
  • SpreadsVariable

Profile

  • Overall score3.1/5
  • RegulationFCA,ASIC,CySEC,MAS,FSP,SFSA
  • HeadquartersIsrael
  • Founded2008
  • PlatformsProprietary, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD, Stocks, ETFs, Options, Futures
  • ExperienceBeginner
  • Trustpilot19,000 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodscredit/debit cards, electronic wallets, and bank transfers
  • Withdrawal methodscredit/debit cards, bank transfers, and electronic wallets like PayPal or Skrill
  • Withdrawal time1 to 3 business day
  • Withdrawal feeAdditional fees may apply

Support

  • Live chatYes
  • Email supportYes
#9
FP Markets

1

2.9Score
Open accountRead review
Min deposit$100
Max leverage500x
PlatformsMT4, MT5, cTrader, TradingView, Mobile
Support24/5
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$100
  • Max leverage500x
  • Forex pairs70
  • Zero spreadAvailable

Profile

  • Overall score2.9/5
  • Regulation1
  • Headquarters4.3
  • Founded2026
  • PlatformsMT4, MT5, cTrader, TradingView, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD, Stocks, ETFs
  • ExperienceIntermediate
  • Trustpilot10,100 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodscredit/debit cards, e-wallets, and bank wire transfers
  • Withdrawal methodsbank wires, credit/debit cards, and electronic or crypto wallets
  • Withdrawal time24 hours
  • Withdrawal feeNo deposit fees; withdrawal mostly free except Paysafe (1%, capped $30) and Skrill (1% + country fees)

Support

  • Support hours24/5
  • Live chatYes
  • Phone supportYes
  • Email supportYes
#10
IG

FCA,ASIC,MAS,BaFin,DFSA,FSA

3.7Score
Open accountRead review
Min deposit$0
Max leverage30x
PlatformsMT4, MT5, TradingView, Proprietary, Mobile
Support24/5
Top-tier regulatedInvestor protectionSegregated fundsNegative balance protectionIndicesCommoditiesGoldOil
Full broker details

Trading

  • Min deposit$0
  • Max leverage30x
  • Forex pairs80
  • SpreadsVariable

Profile

  • Overall score3.7/5
  • RegulationFCA,ASIC,MAS,BaFin,DFSA,FSA
  • HeadquartersLondon, United Kingdom
  • Founded1974
  • PlatformsMT4, MT5, TradingView, Proprietary, Mobile
  • MarketsIndices, Commodities, Gold, Oil, Crypto CFD, Real Crypto, Stocks, ETFs, Options, Futures
  • ExperienceIntermediate
  • Trustpilot9,000 reviews

Safety

  • Top-tier regulatedYes
  • Investor protectionYes
  • Segregated fundsYes
  • Negative balance protectionYes

Payments

  • Deposit methodsbank wire transfers, debit cards, and credit cards
  • Withdrawal methodsbank wire transfers, credit/debit cards, and PayPal
  • Withdrawal time1 to 5 business days
  • Withdrawal feeIG generally charges no internal fees for standard online withdrawals via bank transfer or debit card, though specific regional entities or methods may incur costs like a $25

Support

  • Support hours24/5
  • Live chatYes
  • Phone supportYes
  • Email supportYes

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