Mauritania
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Trading from Mauritania, home to one of the last two non-decimal currencies in circulation.
Brokers in Mauritania
Markets.com
Markets.com is a multi-regulated CFD and forex broker offering seminars, daily market analysis, a low $250 minimum deposit, and Islamic and segregated accounts across a wide range of trading instruments.
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 250
Swissquote
Swissquote offers seminars and training, daily analyst commentary, copy trading, Islamic and segregated accounts, telephone trading, MAM terminals, and an affiliate program across a wide range of trading instruments.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 1000
Forex.ee
Offshore MT4 broker with STP and ECN accounts starting from $10 (crypto) to $25,000, leverage up to 1:500, and a wide range of forex, metals, and crypto instruments.
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 50
FXCM
FXCM is a UK-regulated forex and CFD broker offering a single multi-asset account, copy trading, Islamic accounts, and a $50 minimum deposit, backed by seminars, daily analysis, and an affiliate program.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 50
IFC Markets
IFC Markets is a Cyprus-based, CySEC-regulated forex and CFD broker with a $1 minimum deposit, offering MT4, MT5, and its proprietary NetTradeX platform.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 1
GKFX
GKFX is a multi-jurisdiction regulated forex and CFD broker offering Islamic and segregated accounts, scalping-friendly trading, and a wide range of instruments on MT4/MT5.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 200
RoboForex
RoboForex offers a low minimum deposit, ECN and Cent accounts, CopyFX copy trading, Islamic accounts, and a wide range of tradable instruments.
- Trust score
- 10/10
- Legal simplicity
- 9/10
- Min. deposit
- 0
Forex4you
Regulated forex and CFD broker offering copy trading via Share4you, cent accounts from $1, and a multi-level affiliate program.
- Trust score
- 8/10
- Legal simplicity
- 8/10
- Min. deposit
- 50
EXNESS
EXNESS is a multi-regulated forex and CFD broker offering ECN accounts, a low minimum deposit, daily market analysis, an affiliate program, and a wide range of tradable instruments.
- Trust score
- 8/10
- Legal simplicity
- 5/10
- Min. deposit
- 0
Dukascopy
Swiss FINMA-regulated bank-broker offering JForex and MT4 trading, PAMM and copy-trading services, and 500+ instruments from a $100 minimum deposit.
- Trust score
- 8/10
- Legal simplicity
- 4/10
- Min. deposit
- 100
Mauritania's financial system is supervised by the Banque Centrale de Mauritanie, and its currency is one of two in the world with an unusual property.
A non-decimal currency
The ouguiya is divided into five khoums, not one hundred subunits — making it, with Madagascar's ariary, one of only two circulating non-decimal currencies. It is a survival of an older monetary tradition, and a reminder that the decimal system universal elsewhere is a convention rather than a law.
The ouguiya was also redenominated in 2018, with one new unit replacing ten old ones. As always, the change altered units rather than value: nobody's purchasing power changed, and the pressures that had eroded the currency were unaffected by restating it.
Iron ore, fish and gas
Mauritania's exports have been dominated by iron ore and fishing rights, both of which are volatile and externally priced. The country is now developing a large offshore gas field shared with Senegal, which will change the export profile substantially and, in time, the currency's drivers.
That prospect carries the standard warning attached to resource windfalls elsewhere on this site. Revenue arriving in a small economy tends to appreciate the currency and crowd out other tradeable sectors, and the countries that have managed it well — Norway, Timor-Leste, Botswana — did so by holding the revenue offshore under a fiscal rule rather than spending it as it arrived.
Practical conditions
Foreign currency access is managed, banking infrastructure is limited, and many international brokers restrict clients here on compliance grounds.
Retail trading
There is no domestic framework licensing retail leveraged CFD brokers. A resident trading with a foreign firm falls entirely under that firm's home regulator, with no Mauritanian recourse.
Cautions
A guaranteed monthly return is not something trading produces. Verify any broker on the register of the regulator that issued its licence.
Frequently Asked Questions about Forex brokers in Mauritania
What is the current state of the forex market in Mauritania?
It's at an early stage. Interest is growing thanks to rising digitalization and mobile phone use, but the financial sector still centers on traditional banking and a dedicated forex trading framework has not yet been established.
How does the regulatory environment in Mauritania affect forex trading?
The Central Bank of Mauritania oversees the financial sector, but specific forex trading regulations are not yet fully established. That leaves room for new forex solutions but also means fewer trader protections than in more regulated markets.
Are there technological constraints that affect forex trading in Mauritania?
Yes. Internet access is improving but consistent, high-speed connections are not guaranteed everywhere, which can affect the reliability of forex trading platforms.
How does Mauritania's economy impact forex trading?
The economy relies heavily on natural resources, particularly iron ore, which makes it sensitive to global commodity price swings. Traders should factor this economic exposure into their risk management.
How does Mauritania's forex market compare to other emerging markets?
It is less developed than emerging markets such as Kenya or Nigeria in terms of regulatory clarity and technological infrastructure. Its earlier stage also means more room for growth as the market matures.
How can broker ratings help traders in Mauritania?
Broker ratings give traders insight into the reliability and track record of brokers active in the market, which matters most where regulatory oversight of forex specifically is still limited.
What are the key takeaways for potential forex traders in Mauritania?
The market holds real potential but calls for caution: the underdeveloped regulatory framework and technological gaps mean traders should choose brokers carefully and manage risk actively.