In this guide, we go over the best trading platforms in Liberia. 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 4 Trading Platforms in Liberia
- Interactive Brokers – Best trading platform overall
- CMC Markets – Broker known for its award winning trading experience
- Forex.com – Best Forex Trading Platform
- ActiveTrades – Broker regulated by the UK FCA
Best Online Trading Platforms Liberia
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||Interactive Brokers||4.9||Best trading platform Overall||$0|
|#2||CMC Markets||5||Broker known for its award winning trading experience||$0|
|#3||Forex.com||4||Best Forex Trading Platform||$100|
|#4||ActiveTrades||4.4||Broker regulated by the UK FCA||$500|
Below section breaks down the best trading platforms in Liberia beginning with the highest rated…
1. Interactive Brokers – Best trading platform overall
Min Deposit: 0 ($2000 for margin account)
Assets available: 4.9
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.
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).
- Best market coverage in the industry (100k+ assets on different instruments)
- Access to 16,500 shares and 8,000 stocks as CFDs
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Industry leading fee structure
- Compatible features for casual and professional traders
- Responsive customer support
- Few deposit and withdrawal options
- Research and education materials missing
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
2. CMC Markets – Broker known for its award winning trading experience
Min Deposit: 0
Assets available: 3.2
65% of retail CFD accounts lose money
CMC Markets is a reputable online broker known for its award winning trading experience, excellent selection of tradable instruments and industry leading pricing. With over 12.500 tradable instruments across all asset classes, CMC is among industry leaders in market coverage.
Their proprietary trading platform called Next Generation is reliable, fast executing and fully packed with useful trading tools and indicators. It features an impressive education and research section full of quality in-house and third party content.
CMC Market offers the lowest commissions and fees in the industry. Low spread fees (0.73 pip on EUR/USD) are available for traders at all levels and accounts. Additional bonuses and rebates for active traders makes CMC Markets a market leader in costs and fees.
- Wide range of available assets
- Free demo paper trading account
- Excellent customer support
- Offers only CFD trading and spread betting
- Few education and research tools available
- High fees compared to other brokers
- Access to 9000+ shares and ETF CFDs
- 300+ tradable forex pairs
- Cryptocurrency CFD trading available
- Compatible with metaTrader 4
- Well-suited for beginner and advanced traders
- Gives spread rebates
3. Forex.com – Best Forex Trading Platform
Min Deposit: $100
Assets available: 4.1
80% of retail CFD accounts lose money
Forex.com finishes up on forth place with the best forex trading platform. Their multi-asset, features-rich trading platform offers a wide range of proprietary platforms, advanced social trading features and great asset coverage. Forex.com offers trading on over 4500 different CFDs as stock, cryptos, currencies and access to 5500 tradable symbols overall.
Their overall great offer makes this forex and CFD broker a good choice for traders at all levels.
- Great market coverage
- Advanced Trading and Web Trading platforms
- Advanced charting features and performance analytics
- Award Winning Mobile trading app
- Professional customer support
- Competitive fee and commission structure
- Educational videos are missing
- MT5 available outside of US only
- Limited assets available on MT5
- 5500 tradable symbols and 4550 CFDs overall
- Award winning mobile trading app
- Advanced charting and performance analytics available
- Great combination of ease of use and personal customisation
- Publicly traded
4. ActivTrades – Broker regulated by the UK’s Financial Conduct Authority (FCA)
Min Deposit: $500
Assets available: 2.8
65% of retail CFD accounts lose money
ActivTrades is a reputable forex and CFD broker regulated by the UK’s Financial Conduct Authority (FCA). Their proprietary trading platform called ActivTrader is intuitive, fully customizable and offers a clear report on trading fees. Account opening is fast and easy, deposits and withdrawals are free of charge. Trading fees are below industry average.
ActiveTrades charges an inactivity fee. Tradable assets are limited to basic classes and instruments which will not be enough for professional traders. Research and educational materials are slim.
- Negative balance protection and increased insurance
- Excellent multi-lingual support in 14 languages
- Low fees from 0.5 pips on EUR/USD
- Charges inactivity fee
- Only offers CFD, forex, and crypto trading
- Compatible with MetaTrader 4 and 5
- Great research tools like SmartOrder 2 and Pivot Points Indicator
- Daily Market Analysis videos
- Free unlimited demo paper trading account
- One to One training available
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Liberia 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 Liberia 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. Liberia 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 Liberia
Residents from Liberia who want to trade the financial markets will have to use an offshore broker. Liberia is one of the few African countries without its own stock exchange or financial regulator. It is legal for Liberian citizens to trade in the financial markets, but the government or Ministry of Finance cannot guarantee the safety of their funds in any way. We recommend Liberian citizens to trade with the safe and reliable brokers mentioned in this guide only.
Online Trading Regulation
The Central Bank of Liberia (CBL) regulates the eCommerce and Import/Export sectors in the country, but not the financial markets as there are no domestic brokers or trading platforms. Liberians have to use an overseas broker, trading platform, or cryptocurrency exchange to trade with. We recommend Liberian citizens to trade only with the safe and reliable financial services companies mentioned in this guide. There are no rules regarding cryptocurrency trading in Liberia. Liberians are free to buy and trade Bitcoin and other cryptocurrencies, but cannot use them as legal tender or for official transactions within the country.
You can verify the validity of a broker’s license by visiting the official websites of CySEC, FCA, ASIC or other regulatory bodies and typing in its name in the ‘Registered Entities’ database. If the name comes up, the broker is licensed and you will be able to view important company information. If no name comes up, you might be dealing with an unregulated and thus unlicensed broker. We don’t recommend trading with unregulated company. Cryptocurrency exchanges are an exception to this rule, as in most cases there is no legal framework in place for cryptocurrency trading.
Based on our review, we consider Interactive Brokers as the best trading platform for Liberia residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
CMC Markets is the second best trading platform for Liberia residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. Forex.com, and ActiveTrades are finishing up our list of top platforms with a great overall offer and above average ratings.
Are There Commission-Free Trading Platforms In Liberia?
Yes, there are trading platforms available in Liberia that offer 0% commission trading.
How Much Should I Invest When Trading Online in Liberia?
You should always invest at least the minimum deposit amount Liberia and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Liberia?
Yes, crypto trading is available to Liberia citizens. The leading trading platforms offer Bitcoin trading via CFDs.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.