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Best Trading Platform in Egypt

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In this guide, we go over the best trading platforms in Egypt. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.

Trading platforms that reached the highest scoring are considered in the following list:

Top 5 Trading Platforms in Egypt

best-trading-platform-egypt
  1. Saxo Bank – Best Overall Platform
  2. Interactive Brokers – Highly Trusted Global Broker
  3. eToro – Best for Social and Copy Trading
  4. OandA – Low risk CFD and forex broker
  5. Capital.com – Best in research and education

Best Online Trading Platforms Egypt

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1Saxo Bank4.9Best trading platform overall$10.000
#2Interactive Brokers4.9Highly Trusted Global Broker$0
#3eToro4.9Best For Copy Traders $200
#4OandA4Low risk CFD and forex broker$0
#5Capital.com4.7Best Broker for Algorithmic Traders$0


Below section breaks down the best trading platforms in Egypt, beginning with the highest rated…

01. Saxo Bank: Best Platform Overall

saxo-bank-rating

Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.

Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.


02. Interactive Brokers: Highly Trusted Global Broker

interactive-brokers-rating

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).


03. eToro: Best Broker For Social Trading

etoro-rating

eToro is the industry leading broker in Egypt for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.

As a CFD multi asset broker, eToro allows Egypt users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.

eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


04. OandA: Low risk CFD and forex broker

oanda-rating

OandA is a low risk CFD and forex broker with an extensive market research section, daily market updates and social trading features. Authorized by 6 tier one regulators, it is considered low risk for traders all across the globe. Their trading platform is intuitive, automate-executing and offers multiple features for algorithmic and social trading. Mobile trading is available through fxTrade on industry leading research and charting tools.

For a low cost broker, their fees and commissions are above industry average across all accounts (core and default).


05. Capital.com: Best For Research and Education (Discount Broker)

capital-com-broker-rating

Capital.com is a top choice for Egypt traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities, forex pairs and a few indexes.

Founded in 2016, Capital.com is owned by Capital Com SV Investments Limited and regulated by two tier one regulatory authorities. It does not operate a bank and is not publicly traded.

Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features and futures trading. Beginner traders from Egypt will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.


How To Pick The Right Platform?

The main criteria to consider when choosing a trading platform in Egypt include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Egypt brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.

Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.

Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.

Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.

Assets: Look for coverage of preferred assets. Egypt traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.

Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.

Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.

Customer support: Beginner traders should look out for responsive and professional customer support available in their language.

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

Online Trading In Egypt

Online trading in Egypt takes place at the Egyptian Stock Exchange (EGX). Currently, 215 domestic companies are listed on the EGX and the exchange combines both the Cairo and Alexandria stock exchanges. If you are living in Egypt and want to trade currencies, stocks, commodities, or cryptocurrencies you will need to sign up with an overseas broker, trading platform, or cryptocurrency exchange.

As long as these financial services companies aren’t based in Egypt they don’t need a license from the EGX to offer their products and services to Egyptian citizens. Egyptians are free to use any overseas trading platform, but the EGX doesn’t offer any form of fund protection in this case. The EGX warns of the risks and high volatility in cryptocurrency trading.

Online Trading Regulation

The Egyptian Financial Supervisory Authority (EFSA) regulates the non-banking financial markets sector. Companies that want to offer trading and investment services based in Egypt will need to obtain a license from the EFSA in order to legally operate. Overseas brokers, trading platforms, and exchanges don’t need such a license as long as they don’t have a physical presence in Egypt.

Cryptocurrency trading is unregulated in Egypt. Egyptian citizens are free to buy, sell, trade, mine, and invest in cryptocurrencies as long as they pay capital gains tax on the profits made with these activities.

Licence Verification

You can verify the validity of a broker’s EFSA license by going to the official EFSA website and typing the name of the broker in the search bar. If the broker has a license, all its company information will show up. If there are no results found, the broker doesn’t have an EFSA license and we don’t recommend trading with them. Note that most cryptocurrency exchanges operate unlicensed and are unregulated because there are no rules nor legal framework regarding cryptocurrency trading in place yet.

Conclusion

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

Interactive Brokers is the second best trading platform for Egypt residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. eToro, OandA, and Capital.com are finishing up our list of top platforms with a great overall offer and above average ratings.

FAQ

Are There Commission-Free Trading Platforms In Egypt?

Yes, there are trading platforms available in Egypt that offer 0% commission trading like eToro.

How Much Should I Invest When Trading Online in Egypt?

You should always invest at least the minimum deposit amount Egypt and international brokers require you to open an account. In most cases, this is about $50.

Is Crypto Trading Available In Egypt?

Yes, crypto trading is available to Egypt citizens. The leading trading platforms offer Bitcoin trading via CFDs.

How To Check If A Trading Platform Has a Valid License?

You can check if a trading platform has a valid operating license on the EFSA official website. If the broker is based outside of Egypt, you can check the official websites of CySEC, FINRA, ASIC, BaFin, or FCA instead.


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.

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