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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 · TG

Stock Brokers in Togo, 2026

Tracked byUpdated

Togo is part of the West African Economic and Monetary Union (WAEMU) — the BCEAO is the supranational central bank, and CREPMF regulates capital markets across the eight member states. Togo hosts the BRVM regional stock exchange in Lomé. There is no domestic retail forex/CFD framework. Most retail FX activity routes through offshore francophone-friendly brokers; mobile money (Wave, T-Money) dominates local funding alongside USDT.

4 / 4 brokers accept Togo

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
BCEAO · Banque Centrale des États de l'Afrique de l'Ouest — supranational central bank covering the WAEMU 8-state monetary union; CREPMF handles regional capital-markets regulation. Togo also hosts the WAEMU regional stock exchange (BRVM)
Currency
XOF
Payment methods
WaveT-MoneyWire transfer (XOF / EUR)USDT
Tax

Personal income tax is progressive up to 35%. Capital gains on financial instruments are taxed at 7%. Foreign brokers do not withhold; income is self-declared via the annual tax return. The CFA franc XOF is pegged to the EUR at a fixed parity (1 EUR ≈ 656 XOF), removing FX conversion risk for EUR-denominated trading.

Retail trading rules

There are no statutory leverage caps for offshore-served residents; brokers apply their own limits. BCEAO foreign-exchange controls require declaration of larger outbound transfers but rarely block routine retail funding. CREPMF publishes warnings against unauthorised solicitations across the WAEMU bloc.

Frequently asked

Which brokers accept residents of Togo?+

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

Who regulates brokers for Togo?+

Primary regulator: BCEAO — Banque Centrale des États de l'Afrique de l'Ouest — supranational central bank covering the WAEMU 8-state monetary union; CREPMF handles regional capital-markets regulation. Togo also hosts the WAEMU regional stock exchange (BRVM).

What payment methods are available?+

Common methods: Wave, T-Money, Wire transfer (XOF / EUR), USDT.

What are the tax rules for trading in Togo?+

Personal income tax is progressive up to 35%. Capital gains on financial instruments are taxed at 7%. Foreign brokers do not withhold; income is self-declared via the annual tax return. The CFA franc XOF is pegged to the EUR at a fixed parity (1 EUR ≈ 656 XOF), removing FX conversion risk for EUR-denominated trading.

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.