Best forex brokers in Malawi

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Reserve Bank of Malawi is the sole regulatory institution in the country, which apart from its responsibilities to guard the financial stability and to manage the monetary policy, also supervises the banking sector, the pension funds, the insurance industry and the financial markets.

The Microfinance and Capital Markets Supervision department at the Reserve Bank of Malawi is responsible for the regulation and the supervision of the financial markets in the country, including the regulation of the microfinance inclusive financial cooperatives and the capital markets financial institutions.

As forex and CFD brokers are not mentioned specifically, if you want to trade forex from Malawi our general advise is to sticks with brokers, regulated by respectable institutions such as the the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), or the Financial Conduct Authority in the UK – that is the only way you can be sure for the safety of your funds, because any contact with offshore brokers involves an unreasonably high risk of getting scammed.

For payments in Malawi you can use credit cards like VISA and MasterCard as well as a couple local money transfer services like Airtel Money, TNM Mpamba and PesaPal.