CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Most retail accounts lose money.
Broksal

Best CFD brokers in Ethiopia

3 of the 7 brokers we review accept residents of Ethiopia. XM is our top pick. Availability last checked 6 October 2026.

How we score

Each broker gets five sub-scores out of 5:

Regulation and safety (30%), trading costs (25%), platforms and tools (20%), range of markets (15%) and ease of use (10%). The overall score is the weighted average, rounded to one decimal.

Availability is checked against each broker's published country lists. The ranking order is editorial and reflects our commercial agreements, so it does not always follow the scores. Full methodology

Advertiser disclosure

Broksal is free to use because some brokers pay us a commission when you open an account through our links. This can influence which broker we feature and the order in which brokers appear.

Commissions never change the facts we publish about regulation, fees or country availability, and they cost you nothing.

  1. 2
    IC Markets logo

    IC Markets

    4.6

    Raw spreads, MetaTrader, cTrader and TradingView in one account (now branded IC)

    Minimum deposit
    From $0 (varies by entity)
    Platforms
    MetaTrader 4, MetaTrader 5, cTrader +1
    Entity for Ethiopia
    Raw Trading Ltd (IC Markets Global) — FSA (Seychelles)
    CFDs
    Yes
    Show pros, cons and feesHide details
    IC Markets homepage screenshot
    IC EU homepage after the rebrand from IC Markets: raw spreads from 0.0 pips and leverage up to 1:30 for EU retail clients.

    What we like

    • Raw Spread accounts with low commissions
    • Four platforms, including cTrader and TradingView
    • ASIC and CySEC regulated entities
    • Popular with automated and high-volume traders
    • Rebranded to IC in 2026; same regulated entities

    Watch out for

    • Not available in the US, Canada, Israel or New Zealand
    • Minimum deposit depends on the entity you are assigned
    • Thin education and research compared with XTB or IBKR

    Fees

    Raw Spread accounts charge a commission per lot on top of raw interbank spreads (on MetaTrader it is $3.50 per side per standard lot). The Standard account has no commission and wider spreads. Swaps apply overnight.

    Best for

    Cost-sensitive and algorithmic traders.

    Visit IC MarketsRead the review

    CFDs carry a high risk of losing money.

  2. 3
    Interactive Brokers logo

    Interactive Brokers

    4.7

    The widest market access here, with low costs and top-tier regulation

    Minimum deposit
    No minimum
    Platforms
    Trader Workstation (TWS), IBKR Desktop, Client Portal (web) +2
    Entity for Ethiopia
    Interactive Brokers LLC / regional affiliate — Top-tier regulators
    CFDs
    Yes
    Show pros, cons and feesHide details
    Interactive Brokers homepage screenshot
    Interactive Brokers homepage, showing the desktop platform and mobile app and the new AI-assisted analysis integrations.

    What we like

    • Listed on Nasdaq and regulated by top-tier authorities worldwide
    • Access to stocks, options, futures and bonds on 150+ markets
    • No minimum deposit and no inactivity fee
    • Accepts residents of most countries

    Watch out for

    • Trader Workstation has a steep learning curve
    • CFDs are not available to US residents
    • Account opening asks for more documents than most brokers

    Fees

    Two pricing plans: Fixed (one all-in commission) and Tiered (lower exchange-based commission plus pass-through fees). CFD commissions are charged per trade, with financing on overnight positions. There is no inactivity fee.

    Best for

    Experienced investors who want access to global exchanges.

    Visit Interactive BrokersRead the review

    CFDs carry a high risk of losing money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.

Trading CFDs from Ethiopia: the rules

International brokers usually onboard residents of Ethiopia through an offshore entity, where leverage can be higher and investor protection is weaker than in the EU, UK or Australia. Check which entity you sign with and whether local rules restrict trading with foreign brokers.

Which entity will you sign with?

Most brokers run several regulated companies and assign you one based on where you live. For residents of Ethiopia, this is typically:

BrokerEntityRegulator
XMXM Global LimitedFSC (Belize)
IC MarketsRaw Trading Ltd (IC Markets Global)FSA (Seychelles)
Interactive BrokersInteractive Brokers LLC / regional affiliateTop-tier regulators

The broker confirms the entity during sign-up. Always check the legal name in your client agreement.

Brokers not available in Ethiopia

XTB, Freedom24, IQ Option and eToro do not accept residents of Ethiopia according to their published country lists. Opening an account with false residency details breaks the broker's terms and can get your account closed with funds frozen.

Frequently asked questions

What is the best CFD broker in Ethiopia?

XM is our top pick for residents of Ethiopia. MT4 and MT5 from a $5 deposit, with multiple account types.

Which brokers accept traders from Ethiopia?

Of the brokers we review, XM, IC Markets and Interactive Brokers accept residents of Ethiopia.

Which brokers are not available in Ethiopia?

XTB, Freedom24, IQ Option and eToro do not accept residents of Ethiopia according to their published country lists.

Is CFD trading legal in Ethiopia?

Rules differ by country. Brokers that accept residents of Ethiopia do so under their own licences, but local law may restrict trading with foreign brokers or moving money abroad. Check with the local financial regulator if unsure.

Do most traders lose money with CFDs?

Yes. Regulated brokers must publish the share of retail accounts that lose money, and it is typically well above half. Only trade with money you can afford to lose.