TOP FOREX BROKERS IN SRI LANKA 2023
Finding the right brokerage company can be challenging for a Sri Lankan. Especially obtaining those that permit investments in your native rupee and accept traders from Sri Lanka. You're not alone, so don't worry.
We've compiled a list of the top trading platforms that will enable you to trade indices, forex, stocks, ETFs, binary options, CDFs, and some cryptocurrencies like bitcoin and ethereum as a trader from Sri Lanka.
These brokers also offer payment methods that will enable you, as a trader from Sri Lanka, to deposit money and quickly withdraw it when you make a profit. They support the cTrader, MT4, and MT5 trading platforms and offer the lowest fees.
They are reputable, secure, and have a lengthy track record in the forex industry. They also offer the finest signup incentives for new traders from Sri Lanka.
The top 10 forex brokers in Sri Lanka are broken down as follows:
- HotForex – Most Trusted Online Forex Broker.
- XM – Best Overall Forex Broker In Sri Lanka.
- IC Markets – Best Forex Broker With The Lowest Spreads.
- ExpertOption – Best Reliable Forex Trading Platform.
- FXTM – Best FX Broker For Online Trading.
- Alpari – Great For Dedicated Forex Day Traders.
- OctaFX – Award Winning International Forex Broker.
- Olymp Trade – Best Broker For Forex Investors.
- IQ Option – Best Online Broker For Forex Trading.
- eToro – Best Forex Broker For Copy Trading.
HOW DO WE SELECT THE BEST BROKER FOR YOU? CLICK HERE!
Regulated - Any Sri Lankan trader should confirm that a broker is regulated before signing up with them. A regulated broker is one who adheres to the stringent guidelines established by the forex authorities to stop small investors like you and me from being duped.
The DFSA, SCB, CySEC, FCA, FSB, MiFID, ASIC, IFSC, BaFin, and numerous more organisations are important industry regulators. Prior to compiling our list of the top brokers for Sri Lankans, we had to confirm that each broker was legitimate and regulated.
Provides Demo Accounts: A demo trading account is a fictitious account created by a broker for novice traders who wish to test the platform of the broker before depositing real money. For newcomers to forex trading who don't want to lose their money while they are still learning the ropes, this feature is crucial.
Asset Protection - Assets are the accessible financial tools for us to trade on. They include commodities like gold and silver as well as equities, indices, CFDs, ETFs, cryptocurrencies, and currency pairs. The majority of brokers offer all asset kinds, while a few only offer a narrow selection.
Effective Customer Service - Visit the broker's website and ask as many questions as you can before joining up with them. This increases your trust in the platform and aids in resolving any problems that might arise when trading.
The best brokers that accept traders from Sri Lanka are listed below. Along with links to each broker's official website, we have also listed the benefits and drawbacks of each broker.
- HOTFOREX BROKER
PROS
FSCA Foundation, DFSA, FCA, FSA-SC, and CySEC Year: 2010, $5 minimum deposit Trade with a maximum leverage of 1:000.
Lowest Spreads on Currencies: 0.0 Pips
MT4, MT5, Android, iOS, Windows, and Mac OS trading platforms are available, as are commission-free trading accounts.
Outstanding customer service and beginner-friendly
Numerous High-End MetaTrader Instruments And Tools, Like AutoChartist
- IC MARKETS BROKER
PROS
ASIC, CySEC, and FSA-SC Foundation Regulation Year: 2007
Minimum Deposit: $200 0.01 lots traded
Leverage cap: 1:500
Lowest Spreads on Currencies: 0.0 Pips
Commission-free trading is available on the trading platforms cTrader, MT4, MT5, Android, iOS, Windows, and Mac OS.
There are available raw spread accounts with institutional-grade liquidity.
Stunning Collection of Videos and Educational Materials
- IQ OPTION BROKER
The CySEC Foundation regulates Year: 2013, $50 minimum deposit, $1 minimum trade, with a maximum leverage of 1:000
Lowest Spreads on Currencies: 0.6 Pips
Android, iOS, Windows, and Mac OS Trading Platforms Margin Trading Beginner Friendly
- ETORO BROKER
PROS
ASIC, CySEC, FCA, and the MiFID Foundation regulate this. Year: 2007, $200 minimum deposit $1 maximum per trade; 1:30 leverage
Lowest Spreads on Currencies: 1.0 Pips
Ability to Earn 2% Management Fee as an Investor Trader Trading Platforms: cTrader, Android, iOS, Windows & Mac OS Best Overall Copy Trading Broker Innovative Trading Platform
- FXTM BROKER
PROS
CySEC, FCA, and FSC Foundation regulation 2011 Minimum Deposit: $10
Trade Minimum: 0.01 Lots
Leverage cap: 1: 1000
Lowest Spreads on Currencies: 0.3 Pips
Trading Platforms: MetaTrader 4, MetaTrader 5, Windows, iOS, and Mac OS
provides both standard and ECN accounts.
Outstanding Services in Research and Education
- ALPARI BROKER
PROS
governed by the FSC Foundation Date: 1998 Minimum Deposit: $5 0.01 lots traded
Leverage cap: 1: 1000
The smallest spreads are 0.1 pip for currencies and 0 pip for ECN accounts.
Trading Platforms: MetaTrader 4, MetaTrader 5, Windows, iOS, and Mac OS
Access the Alpari Copy Trading Program with both ECN and Standard Accounts Available Choose from a Variety of Trading Accounts, Some of Which Offer Commission-Free Trading
- OCTAFX BROKER
PROS
The CySEC Foundation regulates Year: 2011, $10 minimum deposit Maximum leverage is 1:500 when trading 0.01 micro lots.
Lowest Spreads on Currencies: 0.1 Pips
MT4, MT5, cTrader, Android, iOS, Windows, and Mac OS are all trading platforms.
Numerous Types Of Trading Accounts
Access Copy Trading, Bonus Promotions, and Research Tools with a Forex ECN Account.
Source :
- https://www.fxbeginner.net/