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
- Interactive Brokers is the best platform in Benin Overall. Founded in 1978. Best Market Access.
- AvaTrade takes second place. Great CFD broker for mobile trading.
- XTB comes in third. Great CFD Broker. Company listed on a stock exchange.
- Capital.com comes in fourth. Commission Free Real Stocks. Low Forex CFD Fees.
- ActiveTrades finishes the list. Best for Forex and CFDs.
Best Online Trading Platforms in Benin
| Trading Platform | Our Score | Information | Minimum Deposit | |
|---|---|---|---|---|
| #1 | Interactive Brokers |
4.9 | International Broker With Wide Market Access. | $0 |
| #1 | AvaTrade Your capital is at risk. |
4.9 | CFD Broker With Wide Variety of Markets. Great Mobile App. | $100 |
| #2 | XTB |
4.8 | Great For CFD Trading. Listed On Stock Exchange. | $0 |
| #3 | Capital.com |
4.8 | Wide Range Of Products. Zero Commission Real Stocks. | $20 |
| #5 | ActiveTrades |
4.7 | Good 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
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
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 Score | 4.9 | 4.9 | 4.8 | 4.8 | 4.7 |
| Fees Score | 5.0 | 4.8 | 4.8 | 4.9 | 4.8 |
| Mobile App Score | 4.9 | 4.9 | 4.9 | 4.9 | 4.7 |
| Trading Platform Score | 4.8 | 4.9 | 4.9 | 4.9 | 4.7 |
| Offering Of Investments Score | 5.0 | 4.8 | 4.7 | 4.8 | 4.2 |
| Regulation Score | 5.0 | 4.9 | 4.8 | 4.9 | 4.7 |
