Online Brokers & Trading Platforms in Burkina Faso in 2022

How to invest in stocks from Burkina Faso

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Online Brokers & Trading Platforms in Burkina Faso in 2022

Best online brokers in Burkina Faso

To help you to find the online brokers & trading platforms in Burkina Faso in 2022, we went ahead and did the research for you. We collected all data you need to know about account opening, trading performance and fees of the best investment providers in Burkina Faso. Our mission is to help people invest, hopefully this will save you a lot of time.

Top 5 Online Brokers & Trading Platforms in Burkina Faso in 2022:

Interactive Brokers is the best online broker and trading platform in 2022. Low trading fees. Wide range of products. Many great research tools.
XTB takes second place. Low forex CFD fees, commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
Capital.com rounds out the top three. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
Admirals (Admiral Markets) is numero quattro. Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
MEXEM just made it to the list at number five. Low stock and ETF fees. Wide range of products. Many great research tools.

Brokers and trading accounts available in Burkina Faso

	Saxo Bank	Fusion Markets	CMC Markets	Interactive Brokers	Capital.com
EURUSD spread	0.8	0.0	0.7	0.1	0.6
GBPUSD spread	1.3	0.2	0.9	0.3	1.3
AUDUSD spread	0.8	0.0	0.7	0.1	0.6
EURCHF spread	1.4	0.6	2.5	0.4	2.2
EURGBP spread	1.4	0.3	1.1	0.2	1.5

If you are still at the beginning of your journey you can learn about account opening in Burkina Faso in our step by step guide and see what timeframes you can expect and which documents you will need in the second chapter.

In the third part of the article you can check the fees of the brokers in Burkina Faso for our model stock transaction for different markets.

Ideally, after reading our research you should feel more secure about opening a trading account that fits you best. When selecting a broker remember to focus on the following aspects:

Account opening time
Account opening complexity (user-friendliness)
Whether hard copies of your documents are needed
Trading and non-trading fees
Selection of available products

For detailed information see the following chapters or scroll down:

Best international online brokers in Burkina Faso

Best forex brokers for beginners in Burkina Faso

Trading account from Burkina Faso
How to invest in stocks from Burkina Faso

Online Brokers & Trading Platforms in Burkina Faso in 2022

Trading account from Burkina Faso

How to open a trading account from Burkina Faso?

There are several factors to consider when opening a trading account, including the user-friendliness of the platform or the minimum deposit amount. Let’s deep dive into these.

The time it takes to open an account typically ranges from a few minutes to a few weeks. The identity verification that marks the end of the process differs at various brokers. The account opening process is fully online in most cases, but there are brokers that require customers to mail a copy of their documents. The documents you usually have to upload and/or send (a copy) are of the following:

Proof of identity: national ID, passport, driving license, etc.
Proof of address: bank statements, utility bills, etc.

There are brokers that require a minimum deposit to authorize your trading account. The minimum deposit is usually $0 or a low amount, but some brokers demand a couple of thousands dollars/euros.

Account opening at brokers available from Burkina Faso
	Saxo Bank	Fusion Markets	CMC Markets	Interactive Brokers	Capital.com
EURUSD spread	0.8	0.0	0.7	0.1	0.6
GBPUSD spread	1.3	0.2	0.9	0.3	1.3
AUDUSD spread	0.8	0.0	0.7	0.1	0.6
EURCHF spread	1.4	0.6	2.5	0.4	2.2
EURGBP spread	1.4	0.3	1.1	0.2	1.5

Broker fees in Burkina Faso

Undoubtedly, fees are a crucial factor when selecting a broker. Below you can check the asset classes that individual brokers provide and whether their fees are classified as high, low, or average. This classification is based on how the fees compare to those charged by all the brokers reviewed by us.

Trading fee classification at brokers in Burkina Faso
	Saxo Bank	Fusion Markets	CMC Markets	Interactive Brokers	Capital.com
EURUSD spread	0.8	0.0	0.7	0.1	0.6
GBPUSD spread	1.3	0.2	0.9	0.3	1.3
AUDUSD spread	0.8	0.0	0.7	0.1	0.6
EURCHF spread	1.4	0.6	2.5	0.4	2.2
EURGBP spread	1.4	0.3	1.1	0.2	1.5

Non-trading fees are just as important as trading fees. Non-trading fees include charges not directly related to trading, such as withdrawal or inactivity fees.

Non-trading fees at brokers in Burkina Faso
	Saxo Bank	Fusion Markets	CMC Markets	Interactive Brokers	Capital.com
EURUSD spread	0.8	0.0	0.7	0.1	0.6
GBPUSD spread	1.3	0.2	0.9	0.3	1.3
AUDUSD spread	0.8	0.0	0.7	0.1	0.6
EURCHF spread	1.4	0.6	2.5	0.4	2.2
EURGBP spread	1.4	0.3	1.1	0.2	1.5

Online Brokers & Trading Platforms in Burkina Faso in 2022

How to invest in stocks from Burkina Faso

There are many safe and high-quality online brokers that offer their services for clients in Burkina Faso. Among these, you can find providers that offer stocks from Burkina Faso, but if you’re looking to invest in other global markets, your possibilities open up even more.

Top brokers for investing in stocks

We have compiled a list of safe brokers that are available in Burkina Faso and are great for investing in stocks. We recommend that you pick one of the following brokers:

Interactive Brokers, International broker providing all asset classes
XTB, Global CFD broker
Capital.com, Global CFD broker
Admirals (Admiral Markets), Global forex and CFD broker
MEXEM, Global stockbroker

Are you ready to start?

Let us show you how to invest in stocks from Burkina Faso in five simple steps:

Find an online broker
Open an account
Fund your account
Buy the stocks you need
Double-check transaction fees

1. Find an online broker

First, you need to make sure that the broker you’re looking at is available in Burkina Faso. Some brokers are available in only one country or region (such as the US or the UK), but others are more global in their outreach, and allow clients from most countries in the world to open an account.

Would you like to speed up your search?

Our broker finder tool will help you narrow down your choices, showing only those brokers that are available in your country and are suitable for your investment goals and habits. And if you want a detailed, side-by-side comparison of these alternatives, check out our broker comparison table.

Top brokers for investing in stocks from Burkina Faso

	Saxo Bank	Fusion Markets	CMC Markets	Interactive Brokers	Capital.com
EURUSD spread	0.8	0.0	0.7	0.1	0.6
GBPUSD spread	1.3	0.2	0.9	0.3	1.3
AUDUSD spread	0.8	0.0	0.7	0.1	0.6
EURCHF spread	1.4	0.6	2.5	0.4	2.2
EURGBP spread	1.4	0.3	1.1	0.2	1.5

Here is a fully paraphrased version with a new bold title, rewritten naturally and clearly while keeping the same meaning and avoiding any traceable similarity:

Step-by-Step Guide to Opening an Account and Buying Stocks

When selecting a broker, it’s essential to focus on those supervised by at least one highly trusted financial regulator. Many international brokers operate through multiple entities across different regions, each governed by its own local authority. For example, traders in the United States are regulated by US authorities, while clients in the United Kingdom fall under UK regulators. In certain cases, these regulators also provide investor protection schemes, meaning you may be compensated if your broker becomes insolvent.

2. Set Up Your Trading Account

Creating an account with an online broker is generally quick and entirely digital. Typically, you’ll need to provide personal details such as your name, address, and contact information. In some cases, you may also be asked about your financial situation, trading experience, or level of market knowledge.

To complete the process smoothly, make sure you have the following documents ready:

A valid identification document (passport or ID card)
Recent bank statements
Proof of address, such as utility bills

These documents are required to verify your identity and residency. After submitting your application, approval usually takes around one business day, although it can sometimes take several days depending on the broker. Some region-specific brokers may even request physical documents to be sent by mail, which can slow things down. Once verification is complete, your account is ready for use.

3. Deposit Funds into Your Account

After your account has been approved, the next step is to add funds so you can begin trading. While certain brokers require an initial deposit, many allow you to fund your account whenever you’re ready.

Bank transfers are universally supported for both deposits and withdrawals. They are typically secure and low-cost, although processing times may take a few days. Withdrawals to your bank account can also take up to three business days.

In addition, many brokers accept deposits via debit or credit cards, though withdrawals through these methods are usually not available. Some platforms also support electronic wallets such as PayPal, Apple Pay, Skrill, or Neteller. The main advantage of these options is speed, as transactions are processed instantly, enabling you to start trading or access profits without delay.

4. Search for and Purchase Stocks

If you already have specific stocks in mind, you can proceed directly to buying them. If not, it’s a good idea to explore your broker’s research tools, which often include market analysis, trading ideas, and expert recommendations. You can also conduct your own research by reviewing financial indicators like earnings ratios or staying updated with industry developments.

Once you’ve chosen a stock, the buying process is simple:

Locate the stock using the platform’s search function
Enter the quantity of shares you wish to purchase
Confirm the order by clicking “Buy”

Most trading platforms offer different types of orders. A “Market” order executes immediately at the current market price, while a “Limit” order allows you to set a specific price for execution at a later time. Understanding these order types can help you manage your trades more effectively.

5. Trading and Non-Trading Costs in Burkina Faso

It’s important to understand the fees associated with investing. These include trading costs such as spreads, commissions, and financing charges, as well as non-trading fees like withdrawals or inactivity charges.

Typically, these costs are calculated based on opening a position, holding it for a certain period (for example, one week), and then closing it.

Stock trading and non-trading fees in Burkina Faso
	Saxo Bank	Fusion Markets	CMC Markets	Interactive Brokers	Capital.com
EURUSD spread	0.8	0.0	0.7	0.1	0.6
GBPUSD spread	1.3	0.2	0.9	0.3	1.3
AUDUSD spread	0.8	0.0	0.7	0.1	0.6
EURCHF spread	1.4	0.6	2.5	0.4	2.2
EURGBP spread	1.4	0.3	1.1	0.2	1.5

Check out the investment landscape in other countries as well

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