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
- ActivTrades – Best Online Broker in Ethiopia Overall
- Interactive Brokers – Best Market Access Trading Platform in Ethiopia
- Capital.com – Best CFD Broker Ethiopia
- XTB – Great CFD broker in Ethiopia listed on a stock exchange
- IQ Option – Best Digital Options Trading Platform Ethiopia.
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
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.
- To learn more about the NBE, you can visit its official website: https://nbe.gov.et/, or its webpage on Wikipedia.
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 |
