Best Forex Brokers Egypt 2026 – Fawry, Vodafone Cash, Islamic Account

Last reviewed:January 15, 2026

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By:David Okonjo

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Fact-checked by:Lisa Martinez

Top 10 Brokers for Egyptian Traders in 2026

Forex trading in Egypt is regulated by the Financial Regulatory Authority (FRA). Our experts tested 40+ brokers to find the best options for Egyptian traders in 2026. Exness leads our rankings with Fawry payment integration and instant withdrawals. OctaFX and FBS also offer convenient Egyptian payment methods. All recommended brokers offer MT4/MT5 platforms and Islamic accounts.

What is the best forex broker in Egypt for 2026?

Exness is the best forex broker for Egyptian traders in 2026, offering Fawry payment integration, instant withdrawals, zero minimum deposit, and FCA regulation. OctaFX is best for Vodafone Cash users, and XM is best for beginners.

Key Features for Egyptian Traders

Compare essential broker features for traders in Egypt.

Broker
Exness	None	0 EGP
XM	None	250 EGP
HFM	None	0 EGP
FXTM	None	500 EGP
AvaTrade	None	5,000 EGP
RoboForex	None	500 EGP
FBS	None	50 EGP
OctaFX	None	1,000 EGP
Pepperstone	$3.50/lot	0 EGP
IC Markets	$3.50/lot	10,000 EGP

Detailed Broker Analysis

Exness

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Recommended

Best for Egyptian traders.

4.6/5App Score

Exness offers Fawry payment integration for Egyptian traders with instant withdrawals. Zero minimum deposit and raw spreads.

Forex spread classUltra-Low

Minimum deposit0 EGP

Inactivity fee$0

Currency pairs107

Deposit methodsFawry, Bank Transfer, Vodafone Cash

Withdrawal fee$0

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XM

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Recommended

Excellent education.

4.5/5App Score

XM offers comprehensive educational resources and webinars for Egyptian traders. Multiple account types available.

Forex spread classLow

Minimum deposit250 EGP

Inactivity fee$5/mo

Currency pairs55

Deposit methodsBank Transfer, Skrill, Neteller

Withdrawal fee$0

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HFM

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Recommended

Zero minimum deposit.

4.3/5App Score

HFM offers zero spread accounts with zero minimum deposit. FCA and CySEC regulated.

Forex spread classUltra-Low

Minimum deposit0 EGP

Inactivity fee$0

Currency pairs53

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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FXTM

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Recommended

Strong reputation.

4.4/5App Score

FXTM offers copy trading via FXTM Invest and excellent educational resources. Multi-regulated broker.

Forex spread classLow

Minimum deposit500 EGP

Inactivity fee$5/mo

Currency pairs62

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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AvaTrade

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Recommended

Multi-regulated.

4.3/5App Score

AvaTrade is multi-regulated (CBI, FCA, ASIC) with AvaTradeGO mobile app.

Forex spread classStandard

Minimum deposit5,000 EGP

Inactivity fee$50/3mo

Currency pairs55

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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RoboForex

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Recommended

High leverage.

4.1/5App Score

RoboForex offers high leverage up to 1:2000 with CopyFX social trading.

Forex spread classUltra-Low

Minimum deposit500 EGP

Inactivity fee$0

Currency pairs40

Deposit methodsSkrill, Crypto

Withdrawal fee$0

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FBS

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Recommended

Fawry support.

4.0/5App Score

FBS accepts Fawry payments with ultra-low 50 EGP minimum deposit. High leverage available.

Forex spread classStandard

Minimum deposit50 EGP

Inactivity fee$0

Currency pairs37

Deposit methodsFawry, Bank Transfer

Withdrawal fee$0

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OctaFX

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Recommended

Fawry + Vodafone Cash.

4.2/5App Score

OctaFX accepts Fawry and Vodafone Cash payments with instant processing for Egyptian traders.

Forex spread classLow

Minimum deposit1,000 EGP

Inactivity fee$0

Currency pairs40

Deposit methodsFawry, Vodafone Cash, Bank Transfer

Withdrawal fee$0

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Pepperstone

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Recommended

Pro-grade execution.

4.5/5App Score

Pepperstone offers institutional-grade execution with spreads from 0.0 pips. Zero minimum deposit.

Forex spread classUltra-Low

Minimum deposit0 EGP

Inactivity fee$0

Currency pairs97

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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IC Markets

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Recommended

Best for scalping.

4.5/5App Score

IC Markets provides true ECN execution with spreads from 0.0 pips. Excellent for scalpers.

Forex spread classUltra-Low

Minimum deposit10,000 EGP

Inactivity fee$0

Currency pairs61

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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Frequently Asked Questions

Yes, forex trading is legal in Egypt and regulated by the Financial Regulatory Authority (FRA). Most Egyptian traders use international brokers regulated by FCA, CySEC, or CMA Dubai for stronger protection.

Exness, FBS, and OctaFX accept Fawry payments for Egyptian traders. Exness offers instant Fawry processing with zero fees.

Yes! Exness and OctaFX accept Vodafone Cash deposits for Egyptian traders. Processing is usually instant with zero deposit fees.

To deposit EGP: 1) Login to your broker, 2) Select Fawry/Vodafone Cash (OctaFX) or Egyptian bank transfer, 3) Enter amount in EGP, 4) Complete payment. Exness processes Fawry deposits instantly.

Yes! All major brokers support withdrawals to Egyptian banks including CIB, NBE, Bank Misr, and Banque du Caire. Exness offers instant withdrawals via Fawry. Most brokers process bank transfers within 24-48 hours.

Minimum deposits vary: FBS accepts 50 EGP (~$1), XM accepts 250 EGP, Exness/HFM/Pepperstone have zero minimum. We recommend starting with at least 1,000-2,500 EGP for proper risk management.

FBS has the lowest minimum at just 50 EGP (about $1). Exness, HFM, and Pepperstone have zero minimum deposit requirements. XM follows with 250 EGP minimum.

Yes! With 500 EGP (about $10), you can open accounts with FBS, Exness, HFM, or XM. For proper risk management, we recommend starting with at least 1,000-2,500 EGP.

Yes! All major brokers offer swap-free Islamic accounts for Egyptian Muslim traders including Exness, XM, HFM, OctaFX, FXTM, and FBS. These accounts comply with Shariah law.

Forex trading can be halal if done through Islamic/swap-free accounts that don't charge overnight interest. Most brokers serving Egypt offer Shariah-compliant accounts. Consult a religious scholar for guidance.

To start forex trading in Egypt: 1) Learn basics through free courses, 2) Choose a regulated broker like Exness or XM, 3) Open a demo account to practice, 4) Deposit via Fawry (500-1,000 EGP), 5) Start with EUR/USD. XM offers excellent Arabic education.

The best forex apps for Egyptian traders are MT4 and MT5 (from all major brokers), the Exness Trader app (with Fawry), OctaFX app, and XM app. These support Arabic language and Egyptian payment methods.

IC Markets and Pepperstone offer the best MT4 experience in Egypt with fast execution and full EA support. Exness and XM also provide reliable MT4.

Yes! All major brokers offer MT5 in Egypt including Exness, XM, HFM, FXTM, IC Markets, and Pepperstone. MT5 has more timeframes, order types, and a built-in economic calendar.

Exness, IC Markets, and HFM have the lowest spreads in Egypt with EUR/USD from 0.0 pips on Raw/Pro accounts. These accounts charge a small commission per lot traded.

The European session (10:00 AM - 7:00 PM EET) and New York session (3:00 PM - 12:00 AM EET) offer the most liquidity. The London-New York overlap (3:00 PM - 7:00 PM EET) is optimal for EUR/USD and GBP/USD.

FXTM Invest, HFM's HFCopy, OctaFX Copytrading, and Exness Social Trading are the best copy trading platforms for Egyptian traders. You can automatically copy successful traders with as little as $100.

Why Trust BrokerAnalysis?

Our reviews are built using verified broker data, regulatory records, and hands-on testing. Rankings are updated regularly and are not influenced by paid placements.

Our Methodology Meet Our Team

Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

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BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology.

Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026

Trading Styles

Execution Model

Platform & Asset

Spreads & Costs

Features & Safety

Top 10 Brokers for Egyptian Traders in 2026