Best Trading Platform in Burundi

0
Regal Wallet Banner

In this article, we share details about the best trading platforms in Burundi. We have tested 174 brokers and their platforms based on 8 leading categories. We have evaluated all characteristics of their offering, including platform availability, mobile apps, trading costs, asset portfolios, deposits & withdrawals, regulation, and customer service. 

The platforms with the highest scores are below. 

Top 6 Trading Platforms in Burundi

best-trading-platform-burundi
  1. IQ Option Best trading platform in Burundi overall
  2. AVAtrade – Best Forex trading and CFD Platform
  3. eToro – Best for Social and Copy Trading
  4. Capital.com – Best in research and education
  5. Saxo Bank – Best for Advanced Traders
  6. XM – Best platform for forex trading

Best Online Trading Platforms Burundi

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1IQ Option4.9Best trading platform Overall$10
#2AVAtrade4.8Best for CFD Trading$100
#3eToro4.7Best For Copy Traders $200
#4Capital.com4.7Best Broker for Algorithmic Traders$0
#5Saxo Bank4.6Best For High Volume Traders$10,000
#6XM4.6Best MT4 and MT5 Platform $5


The following sections summarize the best trading platforms in Burundi.

01. Interactive Brokers: Best Trading Platform Overall 

interactive-brokers-rating

Interactive Brokers is a well-established brokerage firm with a great reputation. It offers a premium trading experience with access to proprietary platforms. Its entry-level service, the Global Trader platform, is a top choice for new traders. The Trader Workstation desktop platform offers advanced services for experienced traders. 

This broker uses industry-leading safety protocols and has top-tier licenses. It is a trustworthy provider of online trading services for traders at all levels. 


02. ActivTrades: Best Platform With No Hidden Costs 

active-trades-rating

ActivTrades is a popular online broker with an FCA license. It offers a competitive fee structure with no hidden costs. ActivTrades charges an inactivity fee and has different commissions based on the account tier you use. 

This broker has a limited asset and instruments portfolio. It has a proprietary platform with an intuitive design and fully customizable features. ActivTrades is a good fit for inexperienced traders because of its limited offering. 


03. Capital.com: Best Platform For Powerful Research Tools 

capital-com-rating

Capital.com is a leading brokerage firm with trustworthy services. It has many top-tier licenses and secure trading platforms. Capital.com has a simple fee structure, with competitive trading costs and a low minimum deposit. 

This broker offers an excellent mobile app with an advanced interface. It provides access to impressive research tools for experienced investors. Capital.com offers many learning tools for traders at all levels. 


04. Tradestation Global: Best Zero Commission Trading Platform 

trade-station-rating

Tradestation is a secure brokerage firm popular for its technology-leading platforms. It offers zero commission ETF and stock trading. Tradestation has a valuable selection of trading tools and learning materials. It has many proprietary platforms, including a mobile app. 

This broker offers access to a versatile portfolio with stocks, futures, and cryptocurrencies. Its trading fees vary depending on the account tier you use. Tradestation has a minimum deposit of $2000. 


05. Forex.com: Best Forex Trading Platform 

forex-com-rating

Forex.com is an online broker specializing in powerful forex trading services. It offers secure platforms and services. Forex.com has many proprietary platforms, social trading features, and extensive asset coverage. It provides access to 5500 tradable symbols, including crypto coins and stocks. 

This broker offers attractive learning tools and has an excellent market research feature. Forex.com offers many forex trading video tutorials, webinars, and FAQs. It has competitive trading fees for high-volume traders. 


06. Saxo Bank: Best Platform For High Volume Traders 

Saxo Bank is a leading premium broker with excellent trading conditions for high-volume traders. It offers professional trading platforms with many tools and learning materials. Saxo Bank provides impressive trade execution on its mobile apps. The Saxo Bank platform has an easy-to-use interface and offers competitive margin rates. 

This brokerage firm has a high minimum deposit of $10,000. It offers many financial instruments and a valuable asset portfolio. The customer service at Saxo Bank is qualitative and available in English and Arabic. 


How To Select The Right Platform? 

The main features to focus on when selecting a trading platform in Burundi are trading costs, platforms, deposits & withdrawals, customer service, liquidity, assets, and safety. 

Fees: Select a brokerage firm with transparent trading costs. We recommend you avoid brokers with hidden fees, overnight commissions, and high fees on trades. 

Trading Platforms: Platforms need to be intuitive and user-friendly. Search for platforms with access to valuable tools and indicators, including technical charting and built-in market data. 

Mobile Trading: Mobile trading apps contribute to an outstanding trading experience. These need to offer the same charts and tools as their web versions. Select an app with social feeds, financial news, and full-screen charting. 

Deposit & Withdrawal: Deposit and withdrawals have to be intuitive and user-friendly. Select a brokerage firm with access to your preferred payment methods and transparent fees. 

Assets: Consider a platform with coverage of your preferred assets. Traders in Burundi get access to all asset classes, including swaps, mutual funds, stocks, options, forex, commodities, and cryptocurrencies. 

Regulation: Online brokers with top-tier licenses follow strict rules under leading regulatory bodies. These brokers offer high-security standards and safety protocols. We recommend selecting a platform with tier-one regulations and licenses from the FCA, CySEC, and ASIC. 

Research & Education: Inexperienced and intermediate traders and investors should consider a platform with research and learning tools like webinars, financial news, personal training, and room access. 

Customer Support: Customer support is essential to your online trading experience. Consider platforms with access to responsive support available in your language. 

*Islamic Accounts: All platforms from our list offer Islamic account options. This gives users the chance to trade online in compliance with Sharia law.

Trading Platform Regulation In Burundi 

The Banque de la Republique du Burundi (BRB) and the Burundi Bank For International Settlements (BIS) oversee the Burundi financial sector, including online trading. Brokers with headquarters in Burundi need to request authorization from the BIS. International brokers, platforms, and crypto exchanges don’t need to request a BIS authorization to provide trading services to citizens in Burundi. 

License Verification 

You perform license verification of a platform’s or broker’s license by accessing the main website of the BIS. Click on ‘Supervision’ and search the documents section for the provider’s name. If the brokerage firm has its headquarters outside Burundi, you have to verify the main website of FCA, CySEC, BaFIN, FINRA, or ASIC. If their database of Registered Entities doesn’t offer any results, you might be looking at an unregulated broker or platform. 

Conclusion

Based on our review, we consider IQ Option as the best trading platform for Burundi residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features, and responsive customer support.

AVAtrade is the second-best trading platform for Burundi residents, because of its low fees, advanced trading tools, copy trading features, and responsive customer support. eToro, Capital.com, Saxo Bank, and XM are finishing up our list of top platforms with a great overall offer and above-average ratings.

FAQ

Are There Commission-Free Platforms In Burundi? 

Yes, many commission-free platforms in Burundi have a 0% fee on trading. 

How Much Should I Invest When Day Trading In Burundi? 

You should start with a minimum deposit when trading in Burundi. Check the fee structure of the brokerage firm before placing a trade. 

Do Traders In Burundi Receive Access To Cryptocurrencies? 

Yes, traders in Burundi receive access to cryptocurrencies and many other assets. Secure platforms offer crypto trading via CFDs. 

Are There Any Safety Risks For Traders In Burundi? 

Trading online assets come with many risks. Trading is legal in Burundi, and we recommend using providers with top-tier licenses. Secure regulators for brokers are the ASIC, CySEC, and FCA. The platforms in this review follow strict rules and have top-tier licenses. 

Which Platform Is Most Profitable? 

The answer to this question depends on your experience and skills. Different trading styles require specific platform functionalities. It is best to use a platform with powerful trading and research tools. 


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Previous articleBinary Options Trading Regulated in UAE
Next articleBest Binary Options Brokers and Platforms
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.