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9 Best Forex Brokers in Armenia

Last Update: April 30th, 2024

Forex Brokers Armenia

 

9 Best Forex Brokers in Armenia – Rated and Reviewed. We have compiled a list of the Top 9 Forex Brokers accepting Armenian Traders.

 

In this in-depth article, you will learn:

 

  • The Best Forex Brokers Accepting Armenian Traders
  • Is Forex available, Legal, and, Regulated in Armenia?
  • Can I trade Forex in Armenia without a Broker?
  • The Best Armenian Forex Brokers for Beginners

 

and much, MUCH more!

 

10 Best Forex Brokers in Armenia

 

9 Best Forex Brokers in Armenia – a Comparison

 

🔎 Broker🚀 Open an Account🤝 Accepts Armenian Traders💶 Min. Deposit (AMD)
🥇 Interactive Brokers👉 Click Here✅YesNone
🥈 XTB👉 Click Here✅YesNone
🥉 IC Markets👉 Click Here✅Yes79081,76 AMD
🎖️ AvaTrade👉 Click Here✅Yes39540,88 AMD
🥇 Oanda👉 Click Here✅YesNone
🥈 Admirals👉 Click Here✅Yes9885,22 AMD
🥉 CMC Markets👉 Click Here✅YesNone
🏅 Pepperstone👉 Click Here✅YesNone
🎖️ FP Markets👉 Click Here✅Yes39540,88 AMD

 

9 Best Forex Brokers in Armenia (2024)

 

  1. ☑️ Interactive Brokers – Overall, the Best Forex Broker accepting Armenian Traders.
  2. ☑️ XTB – Commission-free stocks and ETFs.
  3. ☑️ IC Markets – Free deposit and withdrawal.
  4. ☑️ AvaTrade –  Highly Regulated Forex Broker.
  5. ☑️ Oanda – Fast and user-friendly account opening.
  6. ☑️ Admirals – Low AMD forex CFD fees.
  7. ☑️ CMC Markets – High User Trust Score.
  8. ☑️ Pepperstone – Best Forex Broker for Beginners in Armenia.
  9. ☑️ FP Markets – Great Mobile Trading Platform.

 

Interactive Brokers Review

 

Interactive Brokers

As an American multinational brokerage firm, Interactive Brokers falls under the regulatory authority of the SEC, FINRA, and, the FCA. Furthermore, Interactive Brokers provides 7 account Types, including Individual, Joint, and, Trust. No minimum deposit is required to open an account.

 

Interactive Brokers

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Pros and Cons Interactive Brokers

 

Our Insights

In our opinion, professional investors in Armenia will find Interactive Brokers an excellent choice. It provides comprehensive trading platforms, multiple account options, and an impressive range of tradable assets.

However, this broker does not suit beginners well. The platform classes Trading Fees as Low but can be extremely overwhelming.

 

XTB Review

 

XTB

As one of the largest stock exchange-listed Forex and CFD brokers, XTB has offices in the UK, Poland, and Germany. XTB is regulated by a selection of the world’s most trusted supervision authorities, including the FCA, KNF, FSC, and, CySEC.

Furthermore, XTB offers access to a Standard Account, with no minimum deposit required.

 

XTB

 

Pros and Cons

 

✅ Pros❌ Cons
Commission-free stocks and ETFsInactivity fee charged
Free Deposit and WithdrawalLimited Demo Account
Easy and fast account openingSingle Trading Platform

 

Pros and Cons XTB

 

Our Insights

We have found XTB to be a good Broker Choice for Armenian beginners and professionals. However, the account types and trading platforms are limited. Furthermore, Customer Support only offers services 24/5.

 

IC Markets Review

 

IC Markets

As one of the most renowned Forex CFD providers, IC Markets is known for its core values of Integrity, Trust, and transparency. Traders in Armenia will have access to 3 Account types, cTrader, Raw Spread, and Standard. The minimum deposit required is 200 USD / 79,081.76 AMD.

Trading Platforms offered include MT4, MT5, cTrader, and, TradingView. Furthermore, IC Markets is regulated by the Financial Services Authority.

 

IC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Low forex feesLimited product selection
Easy and fast account openingHigh financing rate for CFDs

 

IC Markets Pros and Cons

 

Our Insights

We consider IC Markets to be one of the most user-friendly Brokers on offer to Armenian Traders. Additionally, with multiple account choices and fair trading fees, it is suitable for Beginners.

Furthermore, we consider IC Markets safe, as it offers Negative balance protection, segregated accounts, and trusted regulation.

 

AvaTrade Review New

 

AvaTrade

With multiple regulations, a global presence across 6 continents, and, generous trading conditions, AvaTrade offers access to a world-class trading experience.  Furthermore, 4 Account types, namely Retail, Professional, Islamic, and MAM are coupled with multiple trading platforms, including MT4, and MT5.

 

AvaTrade Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Free deposit and withdrawalHigh inactivity fees
Great research toolsSlow withdrawal

 

AvaTrade Pros and Cons

 

Our Insights

We have found AvaTrade to be one of the Best Forex Brokers in Armenia. It offers suitable trading services to both Novis and Professional traders. However, the website itself was found to be not user-friendly, and finding information on selected topics, such as account types, proved to be complicated.

 

OANDA

 

OANDA

As an award-winning global company, OANDA offers currency solutions for both retail and corporate clients. Furthermore, OANDA is regulated by multiple top-tier authorities and additional safety measures are in place, including Negative Balance Protection.

OANDA offers 2 account types, Standard and Elite Trader, partnered with excellent trading platforms, namely MetaTrader 4 and Oanda Mobile. Finally, a minimum deposit is not required.

 

OANDA

 

Pros and Cons

 

✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity fee

 

Oanda Pros and Cons

 

Our Insights

We compared OANDA’s fees with similar Brokers and found them to be low. No account or deposit fees are required. OANDA caters to both novice and advanced traders. However, it should be noted that OANDA operates multiple entities.

Therefore, traders should ensure that they are signing up for the correct option.

 

Admirals Review

 

Admirals

Admirals Markets, or Admirals, is a well-regulated and safe broker choice, falling under the regulatory authority of the FSCA.  4 Account types are made available, namely Trade.MT5, Zero.MT5, Trade.MT4 and Zero.MT4.

Furthermore, Negative balance protection and client fund segregation are available on both accounts with a minimum deposit required of 25 USD/9885,22 AMD.  Traders can choose to trade via MetaTrader 5 or MetaTrader Web Trader.

 

Admirals

 

Pros and Cons

 

✅ Pros❌ Cons
Low forex CFD feesInactivity fee
Free deposit and withdrawalNo 24/7 customer service

 

Admirals Pros and Cons

 

Our Insights

We find Admirlals to be one of the most user-friendly Forex Brokers available. Furthermore, it offers an easy account registration process with low trading fees. However, when compared to similar brokers, the minimum deposit of 100 USD is classed as high.

 

CMC Markets Review

 

CMC Markets

With thousands of spread betting and CFD instruments to trade, CMC Markets is a popular choice amongst Armenian Traders.  CMC Markets offers access to multiple account types, the availability of which depends on the country of trade.

Furthermore, No minimum deposit is required for any account, on any CMC Markets entity.

 

CMC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Low forex fees24/5 Customer Support
Great mobile platformsLimited Trading Platforms

 

CMC Markets Pros and Cons

 

Our Insights

CMC Markets is one of the Best Forex Brokers in Armenia, in our opinion, and an excellent option for high-frequency and active traders. Additionally, the broker is considered safe with no minimum deposits and low trading fees.

 

Pepperstone Review

 

Pepperstone

As an Australian online broker that provides CFD trading to multiple countries across the globe, Pepperstone has established itself as a popular choice amongst Armenian Traders.  Additionally, Pepperstone is an ASIC, FCA, and CMA Regulated broker that keeps its clients’ funds in segregated accounts.

Furthermore, traders can select a Razor or Standard Account with the cTrader, Mt4, and, MT5 trading platforms available on both. Pepperstone does not set a minimum deposit.

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Great customer serviceLimited Trading Platforms
Low forex feesHigh Overnight Fees

 

Pepperstone Pros and Cons

 

Our Insights

Pepperstone is ideal for traders who are satisfied with a straightforward MetaTrader platform and who enjoy the absence of deposit, withdrawal, and inactivity fees. We are impressed by these features and find the website clear and user-friendly.

 

FP Markets Review

 

FP Markets

By offering the ability to trade Forex, Shares, Indices, Commodities, and, Crypto, FP Markets has established itself as a trusted Broker with an impressive reputation. Furthermore, 2 Account Types are on Offer, Standard, and Raw, with MT4/MT5 available on both.

A minimum deposit of 1oo USD/39540,88 AMD is required.  Additionally, a Demo and Islamic Account is made available.

 

FP Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Low forex feesLimited product portfolio
Negative balance protectionSelected Withdrawal Fees

 

FP Markets Pros and Cons

 

Our Insights

FP Markets offers a competitive commission-based Forex cost structure with impressive account options, trusted trading platforms, and, excellent customer support. When comparing its offerings to those of Competitors, the AMD deposit from 100 USD/39540,88 seems steep.

 

Is Forex Trading Legal in Armenia?

Forex Trading is available, legal, and regulated in Armenia. Armenia residents are free to hold foreign currency accounts and import, export, and exchange foreign currency. Forex Trading in Armenia falls under the regulatory authority of the Central Bank of Armenia and the Law on Currency Control.

 

Is Forex Trading Legal in Armenia?

 

Regulation of Forex Trading in Armenia

Forex Trading in Armenia falls under the regulatory authority of the Central Bank of Armenia and the Law on Currency Control. The Central Bank of Armenia (CBA) is an independent institution responsible for issuing all banknotes and coins in the country.

 

Regulation of Forex Trading in Armenia

 

In Conclusion

Forex Trading in Armenia can potentially be extremely profitable. However, Armenian Traders must consider multiple factors such as Regulations, Account Types, and Customer Support before registering a live trading account.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insights

In the process of reviewing the Best Forex Brokers that accept Armenian 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.

 

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Frequently Asked Questions

 

Is Forex Trading Legal in Armenia?

Yes. Forex Trading is legal and regulated in Armenia.

 

Who regulates Forex Trading in Armenia?

Forex Trading in Armenia is regulated by the Central Bank of Armenia and the Law on Currency Control.

 

Who is the most popular Forex Broker in Armenia?

AvaTrade is the most popular Forex Broker in Armenia.

 

What is important to consider when choosing a Forex Broker in Armenia?

Regulation and Safety. Additional factors include trading fees and customer support.

 

Can I Trade Forex without a Broker?

Forex Brokers act as intermediaries. This makes Forex trading possible for individuals.