Best Forex Brokers in Sao Tome and Principe for 2025

Last updated Aug 18, 2025

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Sao Tome and Principe based on our analysis:

  1. 1
    AvaTrade Logo
    AvaTrade - Best Forex broker in Sao Tome and Principe - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources.
  2. 2
    FP Markets Logo
    FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms.
  3. 3
    AMarkets Logo
    AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations.
  4. 4
    Roboforex Logo
    Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  5. 5
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  6. 6
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
  7. 7
    Admirals Logo
    Admirals - Low trading fees. Wide range of payment methods. Extensive analytical resources.
  8. 8
    HF Markets Logo
    HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews.
  9. 9
    IFC Markets Logo
    IFC Markets - A wide range of trading assets. Variety of trading platforms. Educational materials for traders of all experience levels.
  10. 10
    XM Logo
    XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.

This in-depth guide is designed to assist you in selecting a broker that perfectly matches your trading strategy while protecting your investments. Each broker highlighted here distinguishes itself by offering exceptional services, state-of-the-art technology, and strong security protocols, ensuring an excellent trading experience in Sao Tome and Principe's dynamic Forex market.

List of the Best Forex Brokers in Sao Tome and Principe in 2025

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$100
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$100
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$100
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
6
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
$1
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2001
Minimum Deposit
$1
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$1
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$1
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$5

1. AvaTrade

AvaTrade Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Trading Assets
ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTraderAvaTradeGO
compare AvaTrade trading accounts

AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.

Pros and Cons of AvaTrade

Pros

  1. A wide selection of financial assets.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

2. FP Markets

FP Markets Logo
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexPrecious MetalsEnergy CarriersSoft CommoditiesIndicesStocksETFBondsCryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5cTraderTradingView
compare FP Markets trading accounts

FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.

Pros and Cons of FP Markets

Pros

  1. Robust regulation, serious fund protection plus segregated accounts in AA banks.
  2. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
  3. Rich selection of trading platforms.
  4. Wide range of instruments.
  5. Numerous deposit/withdrawal methods.
  6. Strong analytics and education.
  7. 24/7 support.

Cons

  1. Lack of cent accounts and fixed spread accounts.
  2. Some analytical materials and software are accessible only with a deposit or trading volume.

3. AMarkets

AMarkets Logo
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
compare AMarkets trading accounts

AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.

Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.

Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.

Pros and Cons of AMarkets

Pros

  1. A wide range of trading assets.
  2. Extensive analytical capabilities using modern tools and trading robots.
  3. No commissions on many operations.
  4. Convenience and simplicity of opening an account and managing it.

Cons

  1. Not the most extensive educational materials.
  2. On some assets, spreads are higher than those of competing Forex brokers.

4. RoboForex

Roboforex Logo
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesFutures
Trading Platforms
MetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
compare Roboforex trading accounts

RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.

Pros and Cons of Roboforex

Pros

  1. A variety of trading platforms.
  2. Over 12,000 trading assets.
  3. Different types of trading accounts.
  4. Competent 24/7 customer support.
  5. Loyalty programs and bonus offers for clients.
  6. Low spreads and fees.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Beginner traders may find a lack of educational materials.

5. FxPro

FxPro Logo
5
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
compare FxPro trading accounts

FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.

Pros and Cons of FxPro

Pros

  1. Various trading platforms.
  2. A diverse range of available markets and products.
  3. Multiple analytics tools.
  4. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

6. Deriv

Deriv Logo
6
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5Deriv XcTrader
compare Deriv trading accounts

Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.

Pros and Cons of Deriv

Pros

  1. Simple and fast account opening process.
  2. A wide variety of account types cater to different trading needs.
  3. Low commission structure.
  4. A wide range of trading platforms.
  5. High-quality technical support with fast and effective responses.

Cons

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are confined to a blog and lack comprehensive learning resources.

7. Admirals

Admirals Logo
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrencyStocksETF
Trading Platforms
MetaTrader 4MetaTrader 5
compare Admirals trading accounts

The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.

Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.

Pros and Cons of Admirals

Pros

  1. Low trading fees.
  2. Wide range of payment methods.
  3. Extensive analytical resources.
  4. A rich collection of educational materials.

Cons

  1. Inactivity fee.
  2. Some users complain about the intrusiveness of the support service.

8. HF Markets

HF Markets Logo
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexStocksIndicesBondsETFCryptocurrencyPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTrader
compare HF Markets trading accounts

HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.

HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.

Pros and Cons of HF Markets

Pros

  1. Regulated by reputable financial authorities.
  2. Wide selection of trading assets.
  3. A variety of educational materials and analytical reviews.

Cons

  1. There is no alternative to MetaTrader.
  2. High swaps and wide spreads.

9. IFC Markets

IFC Markets Logo
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexStocksETFIndicesCryptocurrencyPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
NetTradeXMetaTrader 4MetaTrader 5
compare IFC Markets trading accounts

IFC Markets is a reliable and licensed broker, offering a broad spectrum of trading instruments and platforms for investors of various experience levels. With multilingual support and extensive educational resources, the company aims to provide its clients with a comfortable and efficient trading environment.

IFC Markets could be a suitable choice for investors seeking a variety of trading instruments and platforms.

Pros and Cons of IFC Markets

Pros

  1. A wide range of trading assets.
  2. Variety of trading platforms.
  3. Educational materials for traders of all experience levels.
  4. Tools for creating synthetic tools are available.

Cons

  1. High swaps.

10. XM

XM Logo
10
4.2/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4
compare XM trading accounts

XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.

Pros and Cons of XM

Pros

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inconsistency in technical support.
  2. Inactivity fee.
  3. Standard account has a higher spread than the market average.

Regulation of Forex Brokers in Sao Tome and Principe

Forex trading in Sao Tome and Principe is legal and accessible without restrictions. However, it is important to note that Sao Tome and Principe does not have specific laws or regulations governing foreign exchange trading and brokerage. Forex trading takes place in an over-the-counter (OTC) market without a centralized exchange.

While the Central Bank of Sao Tome and Principe (Banco Central de São Tomé e Príncipe) oversees the flow of foreign currencies, it does not directly regulate or supervise forex trading. There is no formal licensing or regulatory system for forex brokers in Sao Tome and Principe. Consumer protections are addressed through general commercial codes and financial laws.

To verify a broker's legitimacy, traders can review the broker's website for any displayed regulatory status and seek out additional information through general financial resources. Ensuring a broker's reliability through these means helps create a safer trading environment.

How We Compiled the List of Top Forex Brokers in Sao Tome and Principe

Our process for identifying the best Forex trading platforms in Sao Tome and Principe was conducted with meticulous precision and a comprehensive set of criteria:

  1. We started by creating a Forex brokers list that met our predefined benchmarks. Each broker was rigorously evaluated using a detailed assessment methodology to impartially analyze their services and operational efficiency.

  2. We prioritized brokers regulated by respected financial authorities such as the FCA, ASIC, and CySEC. This ensures the brokers operate transparently and adhere to strict financial standards.

  3. Brokers were assessed based on their trading conditions, including spreads, fees, minimum deposits, and the range of available trading instruments. We also evaluated the quality and usability of their trading platforms, favoring those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.

  4. The quality of customer support was a crucial factor, focusing on the availability of support in relevant languages and accessible communication channels. Additionally, we considered brokers that offer localized services, such as websites and educational resources tailored to the needs of traders in Sao Tome and Principe.

  5. Genuine feedback from traders who have used these brokers firsthand was incorporated to provide a well-rounded view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.

By following this thorough evaluation process, we ensured that our list of top Forex brokers in Sao Tome and Principe is reliable and trustworthy, helping traders make informed decisions in the dynamic Forex market.

FAQ

Which is the safest Forex broker?

The safest Forex brokers are those regulated by reputable financial authorities such as the FCA (Financial Conduct Authority), CySEC (Cyprus Securities and Exchange Commission), and ASIC (Australian Securities and Investments Commission). These regulators enforce strict standards to ensure the safety and security of traders' funds. For more information, check out this list of regulated Forex brokers.

Which broker do most traders use?

Many traders prefer brokers like IC Markets, AvaTrade, and XM due to their strong reputation, regulatory compliance, and extensive range of trading instruments. These brokers offer reliable trading platforms and excellent customer support.

Which broker is best for beginners?

For beginners, brokers like eToro, XM, and FXTM are often recommended. They offer user-friendly platforms, educational resources, and demo accounts to help new traders learn and practice without risking real money. For more options, check out the best Forex Brokers for beginners.

Yes, Forex trading is legal in Sao Tome and Principe. However, the country does not have specific regulations governing Forex trading and brokerage. Traders should choose brokers regulated by reputable international authorities.

How to Open a Forex Account in Sao Tome and Principe?

To open a Forex account in Sao Tome and Principe, follow these steps:

  1. Choose a reputable Forex broker.
  2. Visit the broker's website and complete the registration form.
  3. Submit the required identification documents for verification.
  4. Fund your account using the available deposit methods.
  5. Start trading once your account is approved.

At what age are local investors allowed to trade Forex in Sao Tome and Principe?

Local investors in Sao Tome and Principe must be at least 18 years old to trade Forex. This is the legal age for entering into financial contracts.

Who is the regulatory authority of financial services in Sao Tome and Principe?

The Central Bank of Sao Tome and Principe (Banco Central de São Tomé e Príncipe) oversees the financial services sector, including the flow of foreign currencies, but it does not directly regulate Forex trading.

What is the local currency in Sao Tome and Principe?

The local currency in Sao Tome and Principe is the Sao Tome and Principe Dobra (STN).

Is it profitable to trade Forex in Sao Tome and Principe?

Trading Forex can be profitable, but it also carries significant risks. Success in Forex trading depends on various factors, including market knowledge, trading skills, and risk management strategies. Traders in Sao Tome and Principe should ensure they are well informed and prepared before engaging in Forex trading.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.