About Us
Built so African traders stop guessing.
Our mission is simple: connect traders with brokers they can trust. Through data, insights and real user feedback, we help you make informed decisions with confidence.
FX Radar started from a simple frustration: most broker review sites are written for traders in London or Sydney. They skip what decides whether a broker works for you in Johannesburg, Lagos or Nairobi. Is it licensed here? Can I fund in rand, naira or shillings? Does M-Pesa work? How long does a withdrawal really take?
We track brokers, prop firms, academies and traders across the continent and put the answers side by side. We check every licence against the regulator's own register and test deposits and withdrawals with real money.
How the FX Radar Score works
Every broker is scored out of 10 by the same formula, applied to the facts on its review page. We don't type scores in by hand, and nobody can buy a better one.
| Factor | Weight | How it's worked out |
|---|---|---|
| Regulation & safety | 30% | Starts at 2. +1.5 per tier-1 licence (max 2: FCA, ASIC, CySEC, BaFin, CBI, JFSA). +0.5 per other national licence (max 3). +1.25 per licence in an African trader's own country (max 2: FSCA, CMA, SEC Nigeria). +1 if operating 10+ years. |
| Trading costs | 20% | 10 − 4 × (typical EUR/USD pips on the entry account − 0.6). Neutral 5 if no typical spread is published. Minus points for withdrawal or inactivity fees. |
| Funding in Africa | 20% | +1.5 per local payment method (M-Pesa, EFT, local bank, mobile money; max 3). +2 for ZAR/KES/NGN accounts. +2 instant, +1.5 same-day, +0.5 multi-day withdrawals. +1.5 if minimum ≤ $10, +0.75 if ≤ $100. |
| Platforms & tools | 15% | Starts at 1. +1.5 each for MT4, MT5, cTrader, TradingView, own app, copy trading. |
| Support & education | 15% | 4 for 24/7, 3 for 24/5 plus weekends, 2.5 for 24/5. +2 for an office in Africa. +0 / 2 / 4 for basic, good or strong education. |
Tier-1 regulators are strict and well-resourced (FCA, ASIC, CySEC, BaFin, Central Bank of Ireland, Japan FSA). A local African licence counts extra because it gives you a regulator and ombud in your own country.
How we make money
Some brokers pay us when you open an account through our links, and brokers can buy clearly marked ad space and featured placements. None of that changes a score. Read our affiliate disclosure.