Sudan, which is best known for its abundant oil resources, has a growing population of participating Forex traders.
Currency (Forex) trading is legal in Sudan as currency exchange is necessary to conduct business. Despite this, however, there are currently no locally licensed Forex brokers operating in the country.
This article reviews the top 5 globally licensed forex brokers and trading platforms that are available for traders from Sudan.
1. Exness
Insight
In total, Exness provides traders with five distinct types of trading accounts and is one of the best Forex brokers in Sudan.
In addition to the Standard, the Standard Cent is also part of the Standard Account family. Raw Spread, Pro, and Zero accounts are our three most advanced plans for its professional users.
There are a variety of account types to choose from, including a demo account and a swap-free Islamic account.
Read the full Exness review.
Advantages and disadvantages
| ADVANTAGES | THE INCONVENIENTS |
| Well regulated | |
| Tight spreads | |
| Over 130 currency pairs |
Features
| Characteristic | Information |
| Regulation | CySEC, FCA |
| Minimum deposit from | $1 |
| Average spread of | 1.3 dots |
| Commissions of | 3 USD and 10 USD for 1 lot for CFDs |
| Deposit/withdrawal fees | None |
| Maximum leverage | 1:2000 |
| Bonuses | +10% Standard Bonus Program |
| Customer service | 24/5 – multilingual |
2.AvaTrade
Insight
AvaTrade was established in 2006 and is a Forex, CFD, Spread Bet and Social Trade broker. Over 250 assets, 30 advanced charting tools, trading history and other resources are available to traders using MetaTrader 4 in all markets.
Read the full AvaTrade review
Advantages and disadvantages
| ADVANTAGES | THE INCONVENIENTS |
| Wide range of negotiable instruments | High EURUSD and inactivity fees |
| MetaTrader 4 and 5 available | |
| Excellent teaching resources |
Features
| Characteristic | Information |
| Regulation | Central Bank of Ireland, MiFID, ASiC, BVI |
| Minimum deposit from | $100 |
| Average spread of | 0.9 pips |
| Commissions of | No commission on Forex |
| Deposit/withdrawal fees | None |
| Maximum leverage | 1:400 |
| Bonuses | First deposit bonus |
| Customer service | 24/5 – multilingual |
3.XM
Insight
XM serves clients in over 196 countries and provides service in 30 different languages, making it one of the best Forex brokers in Sudan. CySEC is the governing body of the main office, located in Cyprus. Due to the wide selection of trading items, XM has over 1.5 million customers.
Micro Accounts, Standard Accounts, XM Ultra Low Accounts, and Stock Accounts are the four main account options.
Advantages and disadvantages
| Advantages
Low minimum deposit A complete educational offer Simplified account opening process |
The inconvenients
Inactivity fee charged after 90 days on live accounts Limited product portfolio |
Features
| Characteristic | Information |
| Regulation | IFSC, ASIC, CySEC, FCA and DFSA |
| Minimum deposit from | $5 |
| Average spread of | 0.1 pips |
| Commissions of | $3.5 commission per $100,000 traded |
| Deposit/withdrawal fees | None |
| Maximum leverage | 1h30 |
| Bonuses | $30 trading bonus |
| Customer service | 24/5 |
4. HF Markets
Insight
With the HF Markets MT5 terminal, traders have access to 21 different timeframes, advanced analytical tools, trading on all HotForex asset classes, nearly 100 charts at once, hedging, trading in one click, to more than 80 technical indicators and an integrated economic calendar.
Read the full review of HF markets.
Advantages and disadvantages
| Advantages
No deposit or withdrawal fees Competitive spreads |
The inconvenients
High Commission Fees on Zero Account |
Features
| Characteristic | Information |
| Regulation | CySEC, DFSA, FCA, FSA, FSCA |
| Minimum deposit from | $5 |
| Average spread of | 0.0 pips |
| Commissions of | $0.03 per 1K lot. |
| Deposit/withdrawal fees | None |
| Maximum leverage | 1:1000 |
| Bonuses | 100% Boosted Bonus |
| Customer service | 24/5 |
5.FXPro
Insight
Founded in 2006, FXPro is a full-service online broker that facilitates trading in foreign exchange (FX), trading stocks (stock exchange), futures (CFDs), spot indices (currency indices) cash), spot metals (spot metals) and the spot market. Energies (point energies).
A minimum deposit of $100 is required to open an account with FXPro, giving traders access to top-tier liquidity and advanced trade execution without interference from the office.
Advantages and disadvantages
| ADVANTAGES | THE INCONVENIENTS |
| Wide choice of market instruments | |
| Client funds stored in separate accounts
Low trading fees |
Features
| Characteristic | Information |
| Regulation | FCA, CySEC, FSCA |
| Minimum deposit from | $100 |
| Average spread of | 1.7 pips |
| Commissions of | $45 per million USD traded. |
| Deposit/withdrawal fees | 1.6% for debit and credit cards |
| Maximum leverage | 1:500 |
| Bonuses | None |
| Customer service | 24/5 |
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