Best Forex Brokers Egypt 2022 List
Heres our list of the 10 best forex brokers in Egypt that you can trade with in 2022:
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eToro – Overall Best Forex Broker in Egypt for 2022
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VantageFX – Best ECN Forex Broker in Egypt
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capital.com – Best Low-cost Forex Broker in Egypt
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AvaTrade – Top Forex Broker for Options Trading in Egypt
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Libertex – Best Egypt Forex Broker for MetaTrader 4 and 5
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Pepperstone – Top Egyptian Forex Broker with Low Spreads
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Forex.com – Best Egypt Forex Broker for Research and Analysis
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IG – Top Forex Broker for Trading Exotic Currency Pairs
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Interactive Brokers – Best Forex Broker in Egypt for Advanced Traders
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FXCM – Best Forex Broker in Egypt for Currency Indices
These brokers are among the top 10 forex brokers in the world and all are regulated by trusted financial authorities.
Top Egypt Forex Brokers Reviewed
Now that you‘ve seen our list of the top forex brokers in Egypt, let’s take a closer look at some of our favorites.
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eToro – Overall Best Forex Broker in Egypt for 2022
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Commission-free trading on over 40 forex pairs
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Access to professional market research
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Highly customizable charting platform
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Social trading network with copy trading
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Regulated by the UK FCA
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Small $5 fee for withdrawals
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Offers STP and ECN accounts
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ECN account has spreads as low as 0.0 pips
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Custom trading platform for mobile devices
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Integration with MT4 and MT5
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Regulated by ASIC
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ECN account requires $500 minimum deposit
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0% commission trading with spreads from 0.7 pips
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No deposit, withdrawal, or inactivity fees
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Trade over 140 currency pairs
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Custom platform with AI technology
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24/7 customer support available
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Limited technical analysis tools for advanced traders
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Dedicated platform for options trading
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Trade over 55 currency pairs
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Social trading with dedicated mobile app
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100% commission-free spot and options trading
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Regulated by 2 top-tier authorities
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High inactivity fee after 3 months without trading
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Integrates with MT4 and MT5
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Supports forex signals
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Spread-free trading with fixed commissions
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Regulated by CySEC
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Low $10 minimum deposit to open an account
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Customer support by email only
eToro is our top-rated pick for Egyptian traders in search of a forex broker. This comprehensive forex trading platform offers more than 40 currency pairs to trade. Plus, all forex trades at eToro are 100% commission-free and the broker charges competitive spreads starting from just 1.0 pips.
eToro stands out for its custom-built trading platform, which is available for the web and mobile devices. The platform includes highly customizable charts with over 100 technical studies and drawing tools. You also get watchlists, a news feed, an economic calendar, and access to professional market research to help guide your trading decisions.
Even better, eToros platform includes a built-in social trading network. You can easily connect with millions of forex traders around the world to share ideas, swap trading strategies, and discuss the latest market news. The platform also supports copy trading, so you can set your portfolio to mimic the moves of more experienced traders. So, eToro makes it simple to take a hands-off approach to actively trading the currency market.
eToro is regulated by the UK Financial Conduct Authority (FCA), which is a top-tier global financial watchdog. The company also offers 24/5 customer support. You can open a new trading account with a $250 minimum deposit (around 4,000 EGP) and fund your account by credit card, debit card, or PayPal.
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2. VantageFX – Best ECN Forex Broker in Egypt
VantageFX is another top Egypt forex broker that offers trading on dozens of major, minor, and exotic pairs. What makes this broker stand out in a competitive field is the fact that it offers two types of accounts: STP accounts and ECN accounts.
VantageFX‘s STP accounts are 100% commission-free and only require a $200 minimum deposit to open. Spreads start at 1.4 pips, which is slightly above the industry average. The ECN accounts lower spreads to 0.0 pips for most trades and charge a commission of $3 per lot per side. They also offer faster trade execution. You’ll need $500 to open an ECN account with VantageFX.
VantageFX has its own trading platform for mobile devices, plus integrates with MetaTrader 4 and 5. The VantageFX app is very easy to use and comes with a variety of tools like technical charts, watchlists, and price alerts. However, more experienced traders might find the platform limiting, so the MetaTrader integration is a huge plus for this broker.
VantageFX is regulated by the Australian Securities and Investments Commission (ASIC), a top-tier global regulator. The company offers 24/5 customer support.
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3. capital.com – Best Low-cost Forex Broker in Egypt
Capital.com is one of the best forex brokers in Egypt for traders who want to cut costs. This broker offers 100% commission-free forex trading with spreads as low as 0.7 pips. Plus, Capital.com doesn‘t charge deposit, withdrawal, or inactivity fees, so you won’t pay any hidden charges for opening an account.
Capital.com has over 140 currency pairs to trade, which also makes it perfect for traders who want to buy and sell exotic forex pairs. The broker offers 30:1 leverage on major forex pairs, but only limited leverage for exotics.
Another thing we like about Capital.com is its custom trading platform, which is available for web and mobile. The platform offers easy-to-use technical studies along with a news feed and economic calendar. Even better, Capital.com uses AI technology to track your trades and suggest ways you can improve your win rate over time. This is very helpful for beginner and advanced traders alike.
Capital.com is regulated by the UK FCA and requires just a $20 minimum deposit to get started (around 300 EGP). The broker offers exceptional 24/7 support, too – you can get in touch anytime by phone, email, or live chat if you have questions about your account.
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4. AvaTrade – Top Forex Broker for Options Trading in Egypt
AvaTrade is another top forex broker that offers trading on more than 55 currency pairs. The broker doesnt charge any commissions for currency trading and spreads are very competitive.
AvaTrade is one of the best forex brokers in Egypt for options trading. The broker has a dedicated options trading platform, called AvaOptions, that enables you to quickly analyze P&L charts and options chains. You can set up multi-leg strategies in seconds and even see the likelihood of profiting based on historical volatility.
In addition, this broker offers social trading and copy trading through its AvaSocial mobile app. The social trading platform is only available for mobile devices, but we found that its very easy to use. We especially liked that you can mimic more experienced traders at no cost, and there are thousands of traders on the platform to copy.
AvaTrade is regulated by the UK‘s FCA and Australia’s ASIC. The broker offers 24/5 customer support and you can open a new account with as little as $100. There are no deposit or withdrawal fees, but be sure to watch out for the inactivity fee. This takes effect after 3 months without trading and costs $50 per quarter.
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5. Libertex – Best Egypt Forex Broker for MetaTrader 4 and 5
Libertex is one of the best forex brokers in Egypt for traders who want to use MetaTrader 4 or 5 as their trading platform. These software packages are extremely popular among forex traders and offer advanced tools like strategy backtesting, forex signals, and more. Using MT4 and MT5 with Libertex is free and included with every account.
Libertex also offers its own custom trading platform for web and mobile. Its not nearly as comprehensive as MT4 and MT5, but it is very beginner-friendly. You still get access to technical charts, a news feed, and price alerts, so this platform can be a good option for new forex traders.
Libertex currently offers trading on 50 forex pairs. The broker is 100% spread-free, which makes it something of an outlier among top forex brokers. Libertex charges fixed percentage-based commissions for each currency pair, which start at around 0.01% for major pairs. While this isnt much of a discount compared to spread-based pricing, it can be extremely helpful to know that the cost of trades will remain consistent during all market conditions.
Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC), a widely respected financial authority in Europe. The broker offers customer support by email only, so it can be moderately difficult to get in touch. On the plus side, you only need $10 to open a new trading account with Libertex.
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Best Forex Brokers In Egypt Comparison
Now that you know more about the best forex brokers in Egypt, lets see how they stack up against one another in terms of pricing:
| Pricing Structure | USD/GBP Spread | Deposit/Withdrawal Fee | Maximum Leverage | |
| eToro | Spread | 2.1 pips | $5 withdrawal fee | 30:1 |
| VantageFX | Spread (STP)Commission (ECN) | 1.4 pips (STP)$3 per lot per side (ECN) | None | 500:1 |
| Capital.com | Spread | 0.7 pips | None | 30:1 |
| AvaTrade | Spread | 1.6 pips | None | 400:1 |
| Libertex | Commission | 0.01% | None | 30:1 |
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