Compare 6 best forex brokers, platforms & apps in Wallis And Futuna for 2023

By:

Alessia Chiarelli

Alessia is the Translations Manager for Invezz, running the localisation strategy and a large team of translators. Having worked… read more.

Updated: Mar 1, 2023

Listen

---

---

0:00 / 05:12

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >

Our expert panel tested each leading Wallis And Futuna forex broker and rated their features according to 8 key criteria, including regulatory status, the range of currency pairs on offer, and overall trading experience.

The panel set out to answer the big question: what’s the best forex trading app in Wallis And Futuna? 

Read our verdict and compare Wallis And Futuna’s best forex brokers below.

Best forex brokers in Wallis And Futuna 2023

Our experts rank eToro as the best forex broker in Wallis And Futuna.

The list below shows three of the best Wallis And Futuna forex brokers. These are the top performing Wallis And Futuna forex trading platforms in terms of their security, service, and support.

Most Popular

1

Min. Deposit

$ 10

Promotion

User Score

10

Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader

eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets

Largest number of currency pairs to trade

Start Trading more info

Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

Full Regulations:

CySEC, FCA

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

2

Min. Deposit

-

Promotion

User Score

10

Trade with Exness to enjoy better-than-market conditions and a friction-free online trading experience

The Exness Group is an international award-winning broker, with licenses in Seychelles, Cyprus, UK, South Africa and Kenya

Flexible funding- Choose from multiple currency funding options

Start Trading more info

Payment Methods:

Bank Wire, Bitcoin, Cryptocurrencies, EPS, Maestro Master, Mastercard, Visa, Visa Electron

Full Regulations:

CMA Lebanon, CySEC, FCA, FSA, FSC, FSCA

Exness does not offer services to residents of certain jurisdictions including the USA, Iran, North Korea and others. The content of the website including translations should not be construed as means for solicitation. Investors make their own and independent decisions. Trading in CFDs and generally leveraged products involves substantial risk of loss and you may lose all of your invested capital.

3

Min. Deposit

$ 10

Promotion

User Score

10

55+ currency pairs available

Trade on a trusted platform

24/7 support via live chats, email or phone call

Start Trading more info

Payment Methods:

Bitcoin, Credit Card, Debit Card, Visa

Full Regulations:

LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.

Top 6 online forex brokers Wallis And Futuna, reviewed

1. eToro. Best for beginners, copy-trading & demo-account

Visit site

1500

No. assets

$10

Minimum deposit

Forex

Platform type

Pros & Cons

Popular ‘Copytrader’ function so users can follow top traders Mobile platform has great functionality Minimum first time deposit of $200 Expedient customer service, with live chat support provided Over 2,000 CFDs available to trade

Does not provide the MetaTrader platform High spreads on some assets Comparatively high fees for withdrawals and account inactivity

Overview

We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on currency CFD trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.

Visit eToro Read Review

Disclaimer

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

2. Exness. Best for tight spreads and a pro-style trading experience.

Visit site

...

No. assets

...

Minimum deposit

Forex

Platform type

Pros & Cons

Trade all major asset classes with zero commission Competitive spreads starting from 0.3 pips Highly flexible trading terminal available on mobile app, desktop, and web browser Top-tier regulation and negative balance protection

Restricted access in the US and UK

Overview

We love Exness because it offers tight spread trading and a bespoke trading experience. Exness offers including 100+ forex pairs, including all major and minor pairs alongside a large range of exotic pairs.

Exness offers a great range of pro-style trading tools and a variety of account types to suit all experience levels. Beginners can take advantage of a free demo account or micro-lots for low minimum trades, while more experienced traders can use the Exness terminal or plug it into the MetaTrader software and trade from there.

The fees: Standard accounts aren’t charged a commission but are charged through the spread. Spreads start from 1 pip on major forex pairs. Overnight fees apply on some assets (exc. swap-free accounts).

Visit Exness Read Review

Disclaimer

Exness does not offer services to residents of certain jurisdictions including the USA, Iran, North Korea and others. The content of the website including translations should not be construed as means for solicitation. Investors make their own and independent decisions. Trading in CFDs and generally leveraged products involves substantial risk of loss and you may lose all of your invested capital.

3. Oanda. Best for trading with live market data

Visit site

1500

No. assets

$10

Minimum deposit

Forex

Platform type

Pros & Cons

Regulated forex broker in multiple Tier 1 jurisdictions 70+ forex pairs available to trade Offers individual and corporate services

Limited service to US and UK-based clients

Overview

We love Oanda because its user-friendly trading platform has been built for reliability and speed. Oanda is a CFD broker where you can trade over 70 forex markets, including majors and minors. The platform is suitable for all levels of experience, has powerful analysis tools and a wide selection of educational videos. 

Oanda is an award-winning broker and integrates with both the Metatrader4 and TradingView platforms. That’s in addition to its fully customisable proprietary mobile and desktop app. Oanda has been operating for over 25 years and holds regulatory licences in the UK, Europe, Asia, and Australia. 

The fees: Oanda does not charge any commissions on trading. It makes it money from the Bid/Ask spread which starts at 0.7 pips. Swap charges are applied for keeping positions open overnight and vary depending on size. There is also an admin fee for swap charges starting at 1%. A £10 fee is applied to accounts inactive for 12 months.

Visit Read Review

Disclaimer

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

4. Capitality. Best for trading like a pro

Visit site

...

No. assets

...

Minimum deposit

Forex

Platform type

Pros & Cons

Trade 2000+ CFDs in six markets Access institutional quality web trading platform Comprehensive market knowledge and education section

Unregulated offshore broker registered in St. Vincent and the Grenadines Relatively high initial deposit required

Overview

We love Capitality because it gives regular investors the means to trade with pro data and tools. Capitality offers 2100+ financial instruments, including 80 currency pairs. 

The Capitality web trading terminal gives you access to live market data, real time quotes, and super-fast trade execution, all without needing to download anything. There’s also a free economic calendar that lets you know when the big financial events happen so you can plan your trades accordingly.

The fees: Capitality charges its fees through the spread. Spreads start from 0.1 pips for major forex pairs but can be significantly higher for minor and exotic pairs.

Visit Read Review

How we chose the best forex brokers in Wallis And Futuna

Our expert reviews panel is made up of currency traders with years of experience in the forex markets. It includes our Data Analyst, Dan Ashmore, Senior Editor of News, Jayson Derrick, and long-time forex trader, Prash Raval. The panel includes an independent fact checker, Richard Stutely.

Here are the 8 key criteria which the panel used to rate each platform.

• Regulation with a trusted financial institution. We only recommend forex brokers for beginners that are regulated in Wallis And Futuna and offer top-tier protection to their clients.
• Low minimum deposit requirements. Accessible trading platforms with low minimum deposits scored higher in our rankings.
• Mobile app availability. Our experts gave preference to the fx brokers in Wallis And Futuna with the best forex trading apps.
• Number of currency pairs available to trade. Platforms that allow you to trade major, minor, and exotic currency pairs offer the most comprehensive service.
• Amount of leverage on offer. You need leverage to trade forex, so we looked for platforms that offered lots of leverage, within the limitations set by local regulators.
• Tight spreads. We sought the best value for the average user and small spreads mean a lower cost of trading.
• Lowest commissions and other fees. Our experts don’t like hidden fees and unexpected costs, so brokers with a clear fee structure performed well.
• Compatibility with trading software. Any broker that offers integration with popular trading software like MetaTrader 4, MT5, or cTrader received a high rating.

More about forex trading platforms in Wallis And Futuna

Which currency pairs can I trade in Wallis And Futuna?

Forex pairs are divided into three categories and what you can trade depends on the broker. Some stick to the most popular currencies – the majors and minors – while the best Wallis And Futuna forex trading platforms offer a comprehensive selection that includes the exotics. Here’s a quick guide to what the terms mean.

• Major pairs. The US Dollar paired with the most highly traded currencies make up the major pairs. Major pairs include: USD/EUR, USD/GBP, USD/JPY, USD/CHF, USD/AUD, USD/NZD, and USD/CAD
• Minor pairs. The minor pairs include at least one of the Euro, British Pound, or Japanese Yen, but do not include the US Dollar. 
• Exotic pairs. Exotic pairs include a major currency ‘crossed’ with a developing currency. There are many exotic pairs but they include things like: GBP/HUF, EUR/MXN, and JPY/ZAR.

What forex markets are available in Wallis And Futuna?

There are a couple of different ways to trade the forex market and what’s on offer depends on your broker. One option is to trade the ‘spot’ market, another is to use futures contracts to predict future price movements. Here is some more detail on both options.

• Spot forex. Trading the spot market means to buy and sell currencies instantaneously at the live market rate. This is the most common way to trade for most people.
• Forex futures. Futures contracts are an agreement to buy or sell a currency at a fixed price at a set date in the future. Futures require more understanding of the economic factors that impact prices over time. For that reason, they’re generally only used by people with experience of currency trading.

Is MT4 available in Wallis And Futuna?

Yes, MetaTrader 4 is legal in Wallis And Futuna. When you use MetaTrader software, you have to sign into a brokerage account and any live trade you place goes through a forex trading platform. As long as you can connect to a legal Wallis And Futuna broker, you can use MT4 or MT5. 

What’s the minimum forex trade size in Wallis And Futuna?

The industry standard is 0.01 ‘lots’, which is equivalent to 1,000 units of the currency you want to trade. This is known as a ‘micro lot’. A ‘lot’ equals 100,000 units of the currency you want to trade.

How to start trading forex in Wallis And Futuna

1. Sign up to a Wallis And Futuna forex trading platform. Use the list of top-ranked brokers at the top of the page to help you.
2. Create an account and deposit money. Sign up by providing your personal details and a form of photo ID. Transfer funds to the account through a bank transfer, credit or debit card payment, or another payment method, like PayPal.
3. Search for a currency pair and place your trade. Find the pair by typing the currency code – such as USD for the US Dollar – and choosing it from the list of results. Enter the details and click ‘buy’ to make the trade.

FAQs