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Risk·77–82% of retail CFD accounts lose money. Trade only with capital you can afford to lose.
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Stockbrokers2026

Brokers by Country · ET

Stock Brokers in Ethiopia, 2026

Tracked byUpdated

Ethiopia has historically operated under tight foreign-exchange controls — the National Bank of Ethiopia (NBE) supervises banking, the birr (ETB) was managed under a fixed-rate regime until 2024, and the Ethiopian Securities Exchange (ESX) launched in 2024 as the country's first stock exchange. The 2024 NBE FX-regime liberalisation moved toward market-determined rates and reduced (but did not eliminate) parallel-market spreads. Most retail FX activity routes through offshore brokers using stablecoins and constrained USD wires.

4 / 4 brokers accept Ethiopia

stock

  1. Editorial top pick

    01Deriv

    BVIMFSA
    Open account at Deriv →
    Avg spread
    0.70pip
    editorial estimate
    Cost / lot
    $7.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000

    $5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill

    Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category
    PlatformsMetaTrader 5, Deriv X

    Founded in 1999 · Verified Jun 1, 2026

    Full Deriv details →

  2. 02XM Group

    ASICCySECIFSC
    Open account at XM Group →
    Avg spread
    1.30pip
    midpoint of broker range
    Cost / lot
    $13.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000

    $5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list

    Fits ifYou want the lowest-friction entry in our list — $5 minimum deposit
    PlatformsMetaTrader 4, MetaTrader 5, Web Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full XM Group details →

  3. 03Libertex

    SVG FSA
    Open account at Libertex →
    Avg spread
    0.50pip
    midpoint of broker range
    Cost / lot
    $5.00
    no commission
    Min deposit
    $10
    Max leverage
    1:999
    Libertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.

    $10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight

    Fits ifYou have $10 to start — one of the lowest entry minimums in our list
    PlatformsMetaTrader 4, MetaTrader 5, Libertex Platform

    Founded in 1997 · Verified Jun 1, 2026

    Full Libertex details →

  4. 04RoboForex

    IFSC
    Open account at RoboForex →
    Avg spread
    0.20pip
    broker-published typical
    Cost / lot
    $6.00
    incl. $4 commission
    Min deposit
    $10
    Max leverage
    1:500
    IFSC Belize offshore only — ECN tier; separate Pro account reaches 1:2000

    ECN account: 0.2 typical + $4 round-turn ≈ $6/lot — among cheapest commission tiers in our list · IFSC Belize only — no tier-1 regulator, no FSCS-equivalent protection

    Fits ifYou're in a non-restricted, non-EU-focused jurisdiction and want ECN-style $6/lot pricing at a $10 entry minimum
    PlatformsMetaTrader 4, MetaTrader 5, R Stocks Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full RoboForex details →

Country context

Regulator
NBE · National Bank of Ethiopia — central bank with banking and currency oversight; the Ethiopian Securities Exchange (ESX) launched in 2024 as the country's first stock exchange
Currency
ETB
Payment methods
TelebirrWire transfer (USD via authorisation)Bank transferUSDT
Tax

Personal income tax is progressive up to 35%. Capital gains regulations are limited and enforcement on retail trading via offshore channels is constrained by FX-control friction. Foreign brokers do not withhold; income is technically reportable via the MoR (Ministry of Revenue) annual return.

Retail trading rules

There are no statutory leverage caps for offshore-served residents; brokers apply their own limits. NBE exchange-control rules require authorisation for outbound foreign-currency transfers above stated thresholds. Stablecoin rails are the practical funding mechanism for most retail FX participants given USD scarcity at the official rate.

Frequently asked

Which brokers accept residents of Ethiopia?+

4 of 4 brokers in our ranking accept Ethiopia: Deriv, XM Group, Libertex, RoboForex.

Who regulates brokers for Ethiopia?+

Primary regulator: NBE — National Bank of Ethiopia — central bank with banking and currency oversight; the Ethiopian Securities Exchange (ESX) launched in 2024 as the country's first stock exchange.

What payment methods are available?+

Common methods: Telebirr, Wire transfer (USD via authorisation), Bank transfer, USDT.

What are the tax rules for trading in Ethiopia?+

Personal income tax is progressive up to 35%. Capital gains regulations are limited and enforcement on retail trading via offshore channels is constrained by FX-control friction. Foreign brokers do not withhold; income is technically reportable via the MoR (Ministry of Revenue) annual return.

Scope of coverage

Brokers tracked
14
Regulators indexed
55
Regulator actions logged
2
Latest pricing verification
Jun 1, 2026

Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.