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4 Best Forex Brokers in Azerbaijan

Last Update: June 26th, 2024

Azerbaijan

The 4 Best Forex Brokers in Azerbaijan – Rated and Reviewed. We have reviewed the top 4 Forex Brokers offering Islamic, Swap Free, and Standard Accounts to Azerbaijani Traders.

 

In this in-depth article you will learn:

  • The Best Forex Brokers in Azerbaijan – a List
  • Forex Trading in AzerbaijanLegit and Legal?
  • Pasha Capital Login – How to Open an Account
  • How to Buy and Sell Stocks in Azerbaijan
  • Best Online Broker in Azerbaijan for Beginners

and much, MUCH more!

 

Best Forex Brokers in Azerbaijan

 

4 Best Forex Brokers in Azerbaijan – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Azerbaijani Traders💶 Minimum Deposit (AZN)
🥇 XTB👉 Click Here✅YesNone
🥈 PASHA Capital👉 Click Here✅Yes340 AZN
🥉 Admirals👉 Click Here✅Yes170 AZN
🏅 Tickmill👉 Click Here✅Yes170 AZN

 

4 Best Forex Brokers in Azerbaijan (2024)

  1. ☑️ XTB – Overall, the Best Forex Broker in Azerbaijan
  2. ☑️ PASHA Capital – Azerbaijan-Based Forex Broker
  3. ☑️ Admirals – Best Forex Broker for Beginners in Azerbaijan
  4. ☑️ Tickmill – Fast and user-friendly Islamic Account Registration

 

XTB Review

 

XTB

Recognized as a leading exchange-listed Forex and CFD broker, XTB provides access to hundreds of global markets. XTB offers three different account types; Standard, Pro, and Islamic. All accounts are partnered with the proprietary xStation 5 Trading Platform. No Minimum Deposit is required.

🔎 Broker🥇 XTB
📈 RegulationFCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC
📉 Social Media PlatformsFacebook
Twitter
LinkedIn
YouTube
📊 Trading AccountsStandard Account
Swap-free Account
Islamic Account
Professional Account
💹 Trading PlatformxStation 5
xStation Mobile
💴 Minimum DepositThere is no specific minimum deposit required
📌 Trading AssetsForex
Indices
Commodities
Stock CFDs
ETF CFDs
Cryptocurrencies
💵 USD-based Account✅Yes
💶 USD Deposits Allowed✅Yes
🎁 Bonuses✅Yes
📍 Minimum spreadFrom 0.5 pips
🆓 Demo Account✅Yes
☪️ Islamic Account✅Yes
🚀 Open an Account
👉 Click Here

 

XTB Overview

 

Islamic Account

The XTB Islamic Account is Sharia Compliant and offers the following notable features:

  • 1,500 markets including FX, Crypto, Indices, Commodities & ETFs
  • Leverage up to 200:1
  • Fast, reliable execution
  • xStation and MetaTrader 4 Trading Platforms

The account is free of special fees, interests, and, daily swaps.

 

XTB Islamic Account

 

Pros and Cons

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

XTB Pros and Cons

 

Our Insights

From our perspective, XTB is an excellent broker choice for Beginner and Professional Traders. The registration process is quick and easy. Additionally, the Customer Support is unmatched.

 

Pasha Capital

 

PASHA Capital

As an Azerbaijan-based Forex Broker, PASHA Capital’s services include brokerage, margin trading, underwriting, and financial advisory. Account Types on offer include Classic and Individual with a minimum deposit of 200 USD / 340 AZN.

The PASHA Capital proprietary trading platform is available across desktop, web, and, mobile.

🔎 Broker🥇 PASHA Capital
💴 Minimum Deposit200 USD / 340 AZN
📈 Account TypesClassic / Individual
📉 Online Support24/7
📊 Trading PlatformProprietary
🚀Open an Account👉 Click Here

 

Pasha Capital Overview

 

Islamic Account

With PASHA Capital listed as a local broker, an Islamic Account is expected. No mention is made.

 

Pasha Capital Islamic Account

 

Pros and Cons

✅ Pros❌ Cons
Azerbaijani BasedNo valid regulatory information

 

Pasha Capital Pros and Cons

 

Our Insights

PASHA Capital claims to be a well-established Azerbaijan-based Forex Broker with ties to Raiffeisen Bank and PASHA Holdings. However, we have found the broker questionable with no valid regulation.

 

Admirals Review

 

Admirals

Admiral Markets, or Admirals, is an FSCA-regulated and authorized Forex Broker with a global presence. Admirals offers access to 5 Live Account Types, including an Islamic Option. The minimum deposit required is 25 USD

🔑Broker🥇Admirals
💴Minimum Deposit25 USD / 42.50 AZN
⏰Support Hours24/5
💻Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals App
📈Account TypesTrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
💶 Inactivity Fee✅Yes
🪙 Cryptocurrency✅Yes
🚀 Open an Account
👉 Click Here

 

Admirals

 

Islamic Account

The Admirals Islamic, Swap-Free option is available on the Trade.MT5 account and partnered with the MetaTrader 5 platform. Notable features include:

  • No interest/swap adjustments on overnight positions
  • No spread widening
  • No specific up-front commissions
  • No restrictions on trading styles or strategies

The Swap-Free option has the same trading conditions as the standard trading accounts.

 

Admirals Islamic Account

 

Pros and Cons

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalNo 24/7 customer service

 

Admirals Pros and Cons

 

Our Insights

Admiral Markets, or Admirals, provides attractive trading conditions and low fees. From our perspective, Admirals suits beginners best, offering multiple account types and educational resources.

 

Tickmill Review

 

Tickmill

By providing premium trading products and services, Tickmill has established itself as a trusted market leader. Tickmill offers three account types: Classic, Raw, and Islamic, requiring a minimum deposit of 100 USD / 170 AZN. Additionally, Tickmill makes a 30 USD Welcome Bonus available.

🔎 Broker🥇 Tickmill
💴 Minimum Deposit$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips on the Pro and VIP Accounts
📉 Leverage1:500
💶 Currency Pairs62, major, minor, and exotic pairs
📊 Scalping✅Yes
💹 Hedging✅Yes
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

Tickmill Overview

 

Islamic Account

The Tickmill Islamic, Swap-Free account has no swap or rollover interest on overnight positions. The Swap-Free Option is available on the Classic and Raw Spread accounts. The minimum deposit required is 100 USD / 170 AZN.

 

Tickmill Islamic Account

 

Pros and Cons

✅ Pros❌ Cons
Islamic AccountBasic news feed
No inactivity feeLimited trading platforms
Price alertsLimited Account Types

 

Tickmill Pros and Cons

 

Our Insights

We recommend Tickmill to any level of trader due to its low forex fees, bonus offers, and comprehensive educational resources.

 

Is Forex Trading Legal in Azerbaijan?

Forex Trading is Legal in Azerbaijan and there are no current restrictions on selling, buying, and exchanging foreign currency in the foreign exchange market.

 

Is Forex Trading Legal in Azerbaijan?

 

In Conclusion

Forex Trading in Azerbaijan has notably increased in popularity, as International Brokers now accept clients from this region. When selecting a Forex Broker, traders should compare regulations, fees, platforms, and all the pros and cons.

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 ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit 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

From our perspective, Forex Trading in Azerbaijan should be approached by using a highly regulated Forex Broker. No specific laws or regulations govern forex trading in the country, and safety/security should be key.

 

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FAQs

When selecting a Forex Broker, traders should compare regulations, fees, platforms, and all the pros and cons.

No minimum deposit is required to register for an XTB account.

According to our research, XTB is the most popular broker choice.

Yes. There are no current restrictions in place for trading Forex in Azerbaijan.

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