State of Retail Forex in Africa
Kenya lists 19 online forex licences; Nigeria has none yet and proposes a 1:400 cap. Gold costs 297 days of income in Nigeria.
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Every FX Recap index, report and tracker in one place: 10 data pages built from regulators' rules, central bank data and brokers' own pages, each with its sources, a date, and a free download.
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Kenya lists 19 online forex licences; Nigeria has none yet and proposes a 1:400 cap. Gold costs 297 days of income in Nigeria.
Open the report →Newest first. Every figure is traced to an official source or to our own published data, and dated.
Kenya lists 19 online forex licences; Nigeria has none yet and proposes a 1:400 cap. Gold costs 297 days of income in Nigeria.
Retail caps on major pairs in 11 markets, from each regulator's rules; 10 of 14 brokers advertise 1:1000 or more offshore.
The Brazilian real was the most volatile of 17 currencies against the dollar; the Turkish lira fell 15.8%. Updated monthly.
The rules in 16 Asian markets, broker leverage and costs, how many traders lose money and gold in days of income. Seven-page PDF.
Raw-account commission per lot at 14 brokers, with leverage, stop-out, minimum deposit and licences.
Days of average income for 10 g of gold in India in 2025, up from 86.2 in 2015. 44 countries, World Bank data.
of retail CFD accounts lose money on average at 16 UK- and EU-regulated providers, from their own risk warnings.
traded a day (BIS); the US dollar is on one side of 89.2% of trades. Market size, currencies, leverage and legality.
Where retail forex is regulated, limited, unlicensed or not permitted, each country sourced to its regulator.
Check a forex broker's licence on the regulator's own register in five minutes, with links to 18 registers. Free PDF.
Everything here is free to use, including commercially, with a credit to FX Recap and a link to the page (CC BY 4.0). Each page has a ready-made citation, charts you can embed, and the method behind every number.
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Risk warning. Forex and CFD trading carries a high risk of losing money rapidly due to leverage. Our data is information, not financial advice.