9 Best Forex Brokers in Andorra

Last Update: June 26th, 2024

The 9 Best Forex Brokers in Andorra – Rated and Reviewed. We have listed the top Forex Brokers accepting Traders in Andorra.

In this in-depth guide you will learn:

• The Best Forex Brokers in Andorra – a List
• The Best Forex Brokers for Beginners and Foreigners
• The top MetaTrader4 and MetaTrader 5 Forex Brokers
• Is Forex Trading Legal in Andorra?

and much, MUCH more!

9 Best Forex Brokers in Andorra – A Comparison

9 Best Forex Brokers in Andorra (2024)

1. ☑️ Moneta Markets – Overall, the Best Forex Broker in Andorra
2. ☑️ IC Markets – The Best Forex Broker for Beginners
3. ☑️ Tickmill – Wide Selection of Currency Pairs
4. ☑️ Pepperstone – Easy and Fast Account Registration
5. ☑️ XTB – Deposit protection for client accounts
6. ☑️ Oanda – Outstanding research tools
7. ☑️ Admirals – Free Deposits and Withdrawals
8. ☑️ Plus500 – Excellent Customer Support
9. ☑️ IG – Best Online Trading Experience

Moneta Markets

Moneta Markets is a well-established and prominent Forex and CFDs Broker. The FSCA, FSA Seychelles, CIMA, and, ASIC regulate it. Moreover, additional security measures include client fund segregation, SSL encryption, and, two-factor authentication (2FA).

The Accounts offered are Direct STP, Prime ECN, and, Ultra ECN. Furthermore, the minimum deposit is 50 USD. The trading platforms available include PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader.

The following trading instruments and products are available:

• 19 commodities
• Sixteen indexes
• Over 700 Share CFDs
• Over 50 ETFs
• Seven bonds

Furthermore, 30 Crypto CFDs are accessible. Deposit and Withdrawal options include Bank Wire Transfer, FasaPay and Sticpay.

Pros and Cons

Our Insights

The benefits of trading with Moneta Markets include a wide range of currency pairs, advanced trading tools, and impressive customer support.

IC Markets

IC Markets is a Trusted and Highly Regulated Forex CFD Provider. Moreover, ASIC, CySEC, FSA, and, the SCB regulate it. Three accounts are offered, cTrader, Raw Spreads, and, Standard. The minimum deposit is 200 USD.

Trading platforms available are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and,  ZuluTrade. IC Social and ZuluTrade offer Copy and Social Trading.  The following trading instruments and products are available:

• 64 currency pairings for trading
• 22 commodities
• 25 indices
• 11 distinct bond instruments
• 18 cryptocurrency alternatives
• 1,600 stocks

Moreover, four futures contracts are available. Deposit and Withdrawal options include PayPal, Neteller, and, Skrill.

Pros and Cons

Our Insights

The benefits of trading with IC Markets include beginner-friendly courses, Low trading Fees, and, trusted customer support.

Tickmill

Tickmill is a well-established and trusted Forex Broker that offers low spreads and high leverage on CFD currencies. The Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA regulate it. Accounts available include VIP, Classic, and, Pro. The minimum deposit is 100 USD.

MetaTrader 4 and MetaTrader 5 are offered. The following trading instruments and products are available:

• 62 currency pairings
• 23 Indices
• 3 energy contracts
• 4 precious metals
• 4 bond instruments

Moreover, a selection of eight cryptocurrencies is available for trade.

Pros and Cons

Our Insights

The benefits of trading with Tickmill include the lack of an inactive fee and the availability of excellent educational content.

Pepperstone

Pepperstone is a Trusted and well-established Forex Broker. ASIC, BaFin, CMA, CySEC, DFSA, FCA and, the SCB regulate it. Moreover, client funds are kept in segregated accounts. Accounts offered are Standard and Razor. The minimum deposit is AU$ 200. Moreover, Spreads on the Razor Accounts start from 0.0 Pips.

Trading Platforms are TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. The following trading instruments and products are available:

• 70 Forex pairs, including major, minor, and exotic currency pairings
• 17 commodities
• 28 indices
• Over 1,000 shares

Furthermore, there are 100 ETFs accessible for trading.

Pros and Cons

Our Insights

The benefits of trading with Pepperstone include fast execution speeds, raw spreads, and low commissions.

XTB

XTB is a highly regulated Forex Broker that six tier-1 Regulators govern. The accounts offered are Standard and Swap-Free, with no minimum deposit required. Moreover, base currencies include UD, EUR, and, GBP. Trading Platforms available are xStation and xStation Mobile.

The following trading instruments and products are available:

• Several global indexes
• Various commodities, including precious metals
• Over 3,900 stock CFDs
• Cryptocurrencies, including Bitcoin and Ethereum

Deposit and Withdrawal options include Bank Transfers, Neteller, and, Safety Pay.

Pros and Cons

Our Insights

The benefits of trading with XTB include commission-free trading on genuine stocks and ETFs.

OANDA

OANDA is a highly trusted and credible Forex Broker. Ten tier-1 Regulators govern it. Regulations include IIROC, ASIC, CFTC, NFA, and, the FCA. Accounts available are Standard, Core, Swap-Free, Premium, and, Premium Core. No minimum deposit is required.

Moreover, the Base currencies are USD, EUR, HKD, and, SGD. Spreads start from 0.1 Pips and Leverage of up to 1:888 is offered. Oanda Trading Platforms are FxTrade, MetaTrader 4, and, MetaTrader 5.The following trading instruments and products are available:

• 18 indices
• Two metal items
• Over 1,200 share CFDs
• Ten commodities

Moreover, OANDA supports the trading of 18 different cryptocurrencies. Educational Resources offered are Webinars and Events. Deposits and Withdrawal Options are Bank Wire Transfers, Skrill, and, Neteller.

Pros and Cons

Our Insights

The benefits of Trading with OANDA include commission-free and commission-based account options.

Admirals

Admirals is a Cyprus Securities and Exchange Commission-regulated Forex Broker. Accounts offered are Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, and, Bets.MT5. The minimum deposit is 25 USD. Moreover, multiple base currencies are accepted, including EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, and, RON.

Trading platforms include MetaTrader 4, MetaTrader 5, and a Proprietary Trading App. The following trading instruments and products are available:

• 80+ currency pairings
• 42+ cryptocurrencies
• 29+ commodities
• 40+ indices are accessible for trading.
• Over 4,500 equities
• More than 400 ETFs

Additionally, Admirals offer trading on two bond CFDs. Deposit and Withdrawal Options include Bank Wire Transfers, Debit Cards, Credit Cards, and, Crypto wallets.

Pros and Cons

Our Insights

The Benefits of trading with Admirals include Online Trading Courses, and, zero-pip spreads on certain accounts and instruments.

Plus500

Plus500 is a top brokerage firm with a global presence. ASIC, FSCA, FCA, CySEC, FSA Seychelles, and, the MAS regulate it. A single trading account and a proprietary trading platform are offered. Moreover, the minimum deposit is 100 USD.

Pros and Cons

Our Insights

The Benefits of trading with Plus500 include around-the-clock support via chat and Email.

IG

IG is a well-established and highly regulated Forex Broker. Ten Tier-1 Regulators govern it. Moreover, offices are based in the United Kingdom, the United States, Australia, and Singapore. Many Account types are offered with a Single base currency accepted, USD.

Trading platforms include MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, and, FIX API.The following trading instruments and products are available:

• More than eighty currency pairs
• More than eighty indices
• Over 10,000 shares
• 35 commodities
• Ten cryptocurrencies, including Ripple, Bitcoin, and Ethereum
• 33 futures contracts
• Twenty options markets
• Twelve bonds
• More than 6,000 ETFs
• 28 digital 100s

Moreover, the broker offers trading on six interest-rate markets.

Pros and Cons

Our Insights

The benefits of trading with IG include an extensive range of tradable assets, including forex, indices, equities, commodities, and, cryptocurrencies.

Is Forex Trading Legal in Andorra?

Forex Trading in Andorra is Legal and Licensed. Moreover, the Financial Sector Supervision and Regulation in Andorra govern it.

Tourism, Currency Exchange and Forex – How Does It Work?

Tourism accounts for more than 80% of the country’s gross domestic product (GDP) and currency exchange is a daily occurrence. Currency exchanges are available physically and online. Moreover, they allow travelers to exchange one country’s currency for another.

On the other hand, the Foreign Exchange Market or Forex Market is a global decentralized market for the trading of currencies. Currencies being traded are listed in pairs. The process of Forex Trading involves the buying or selling of a currency relative to another currency.

In lamens terms, a currency will always be traded relative to another currency. If a trader sells a currency, they are buying another, and if they buy a currency, another is sold. The profit is made on the difference between the transaction prices.

In Conclusion

Forex Trading in Andorra is Legal. Moreover, tourism accounts for more than 80% of the country’s gross domestic product (GDP). Therefore, Currency Exchange is a daily occurrence. Furthermore, it is licensed and regulated by the Financial Sector Supervision and Regulation in Andorra.

	Broker	Review	Regulators	Min Deposit	Website
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	USD 100	Visit Broker
🥈		Read Review	FSCA, IFSC, ASIC, CySEC, DFSA, FCA	USD 5	Visit Broker
🥉		Read Review	FCA, FSCA, FSC, CMA	USD 10	Visit Broker
4		Read Review	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	USD 200	Visit Broker
5		Read Review	FCA, CySEC, FSCA, SCB	USD 100	Visit Broker
6		Read Review	CySEC, MISA, FSCA	USD 25	Visit Broker
7		Read Review	CySEC, FCA, FSA, FSCA, Labuan FSA	USD 100	Visit Broker
8		Read Review	CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA	USD 10	Visit Broker
9		Read Review	ASIC, CySEC, FSCA, CMA	USD 100	Visit Broker
10		Read Review	IFSC, FSCA, ASIC, CySEC	USD 1	Visit Broker

Our Insights

While reviewing the Best Forex Brokers that accept Andorran Traders, we found 9 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

You might also like:

• Moneta Markets Review
• IC Markets Review
• Tickmill Review
• Pepperstone Review
• XTB Review

Frequently Asked Questions

Does Moneta Markets provide a Demo Account?

Moneta Markets offers a demo account with $100,000 in virtual funds.

Is IC Markets suited to Beginners?

IC Markets provides beginner-friendly tools like instructional materials and demo accounts.

Does Tickmill allow Scalping and Hedging?

Scalping and Hedging are allowed.

What accounts does Pepperstone offer?

Standard and Razor Accounts.

Does XTB provide customer support?

XTB provides 24/5 Customer support.

What is the Oanda minimum deposit?

No minimum deposit is required.

What platform does Admirals offer?

MetaTrader 4, MetaTrader 5

What platform does Plus500 offer?

A proprietary trading platform.

How many currency pairs does IG offer?

80+ currency pairs, including major, minor, and, exotic.