8 Best Forex Brokers in Georgia
Last Update: April 30th, 2024
The 8 Best Forex Brokers in Georgia – Rated and Reviewed. We have listed the top Forex Brokers accepting Georgian Traders.
In this in-depth guide you will learn:
- The Best Forex Brokers in Georgia – a List
- Is Forex Trading Legal in Georgia?
- Best Forex Trading Platform for Beginners
- Best MT4/MT5 Brokers Accepting Georgian Traders
and much, MUCH more!
8 Best Forex Brokers in Georgia – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Georgia | 💴 Min. Deposit (GEL) |
| 🥇 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🥈 Saxo Bank | 👉 Click Here | ✅Yes | None |
| 🥉 eToro | 👉 Click Here | ✅Yes | ₾26.65 |
| 🏅 FP Markets | 👉 Click Here | ✅Yes | ₾170,99 |
| 🎖️ Pepperstone | 👉 Click Here | ✅Yes | ₾341,97 |
| 🥇 XM | 👉 Click Here | ✅Yes | ₾13,32 |
| 🥈 Alpari | 👉 Click Here | ✅Yes | ₾13,32 |
| 🥉 FXCM | 👉 Click Here | ✅Yes | ₾133,25 |
| 🏅 FXTM | 👉 Click Here | ✅Yes | ₾26.65 |
8 Best Forex Brokers in Georgia (2024)
- ☑️ Interactive Brokers – Overall, the Best Forex Broker for Georgian Traders
- ☑️ Saxo – Best web-based trading platform
- ☑️ eToro – Best Broker for Copy and Crypto Trading
- ☑️ FP Markets – Best Trading App for iOS and Android
- ☑️ Pepperstone – Low Forex Commission and Tight Spreads
- ☑️ XM – Low Cost ₾ Forex Broker
- ☑️ FXCM – Top Forex Broker for Beginners
- ☑️ FXTM – Best Forex Broker for Professional Traders
Interactive Brokers
Interactive Brokers is licensed and regulated by nine Tier-1 Regulators. Furthermore, the broker services a wide range of clients across two account types; IBKR Lite and IBKR Pro. All trading platforms are proprietary and no minimum deposit is set.
| 🔎 Broker | 🥇 Interactive Brokers |
| 📈 Regulation and Licenses | FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, MAS |
| 📉 Ease of Use | 3/5 |
| 📊 Support Hours | 24/5 |
| 💹 Trading Platforms | IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, IBKR Impact |
| 📌 Account Types | IBKR Lite, IBKR Pro |
| 🪙 Base Currencies | USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY |
| 📍 Spreads | 0.6 pips |
| 📈 Leverage | 1:30 |
| 💸 Currency Pairs | 100+ |
| 💳 Minimum Deposit | 0 USD |
| 🚫 Inactivity Fee | None |
| ↪️ Website Languages | English, Spanish, Portuguese, Chinese |
| 💰 Fees and Commissions | Spreads from 0.6 pips, commissions from 0.0005 USD |
| 🤝 Affiliate Program | ✅Yes |
| 📉 Scalping | ✅Yes |
| 📊 Hedging | ✅Yes |
| 🚀Open an Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
Interactive Brokers is suited to Active Traders. Moreover, it offers advanced trading tools and sophisticated order type configurations.
Saxo
Saxo is an investment firm that adheres to Danish legislation and implements strong anti-money laundering measures. Furthermore, the account types offered are Classic, Platinum, and, VIP. Trading platforms offered are strictly proprietary. Additionally, Saxo does not set a minimum deposit required.
| 🔎 Broker | 🥇 Saxo |
| 📈 Ease of Use | 4/5 |
| 📉 Support Hours | 24/5 |
| 📊 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 💹 Account Types | Classic, Platinum, VIP |
| 💴 Base Currencies | 18 currencies |
| 🅰️ Spreads | From 0.4 pips |
| 🅱️ Leverage | 1:30 |
| 💸 Currency Pairs | 185+ |
| 💳 Minimum Deposit | 0 USD |
| 🚫 Inactivity Fee | None |
| ⚙️ Website Languages | English, Danish, French, etc. |
| 💰 Fees and Commissions | Spreads from 0.4 pips; commissions from $0 on Mutual Funds |
| 🤝 Affiliate Program | ✅Yes |
| ❌ Banned Countries | United States |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
Saxo is best suited to advanced traders and professionals. Moreover, it offers one of the highest-quality proprietary trading platforms in the industry.
eToro
eToro is a well-established Forex Broker regulated by eight global entities. Accounts offered include Standard, Professional, Demo, and, Islamic. The minimum deposit set is 10 USD/ ₾26.65.
A Proprietary trading platform is available on the Web and Mobile. Furthermore, Copy Trading is available.
| 🔎 Broker | 🥇 eToro |
| 📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:400 (eToro Seychelles Ltd) |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | From 10 USD (US) |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip, zero commission fees |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single base currency |
Our Insights
eToro suits all traders as it sets a low minimum deposit. However, only proprietary platforms are offered.
FP Markets
FP Markets is an Australian-based broker regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Accounts offered are Standard, Raw, Islamic, and, Islamic Raw.
Furthermore, MT4/MT5, IRESS, cTrader, and, Mobile trading are offered.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
FP Markets is suited to all traders. Moreover, it offers a wide range of trusted trading platforms.
Pepperstone
Pepperstone is an industry leader in online Forex and CFD trading. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority of the United Kingdom (FCA).
Moreover, the accounts offered are Standard and Razor. Furthermore, a Minimum deposit of AU$200 is set.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone provides responsive and friendly customer service that is available 24/7 | While trading fees are low, the costs of holding positions overnight can be significant |
| Traders are not charged for account inactivity | Transfers: International bank transfers have a $20 fee |
| There is a lot of educational content available to traders of all skill levels | The variety of platforms and advanced technologies can be overwhelming for novices |
| New users should expect a quick and easy account setup process | Pepperstone is not available in some countries, including the United States |
| Most deposit and withdrawal methods are free of charge, which increases the cost-effectiveness of trading with Pepperstone | Some customers may find Pepperstone's MetaTrader platform too simple in terms of appearance and use |
Our Insights
Pepperstone offers a user-friendly trading experience.
XM
XM operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC).
Moreover, accounts offered are Micro, Standard, Ultra-Low, and, Shares. Furthermore, MT4/MT5 and Mobile Trading are offered.
| 🔎 Broker | 🥇 XM |
| 💴 Minimum Deposit | $5 USD |
| 🎁 Bonus Offers | ✅Yes |
| 📈 Account Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| ⏰ Support Hours | 24/7 |
| 🆓 Demo Account | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum deposit | No social trading features available |
| Unlimited Demo Account | Inactivity Fees |
Our Insights
XM is well-suited for beginners. Moreover, it prioritizes client education and support.
FXCM
FXCM is regulated by The Financial Conduct Authority (FCA), Australian Securities & Investments Commission (ASIC), Cyprus Securities & Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA).
Moreover, multiple trading platforms are offered. Furthermore, Deposits are free of fees,
| 🔍 Broker | 🥇 FXCM |
| 💵 Minimum Deposit | 50 USD |
| 4️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes |
| 🕰️ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Multitude of educational materials | High Currency conversion fees |
| Multiple Account Types | Narrow asset portfolio |
| 24-hour multilingual customer | Limited Trading Platforms |
Our Insights
FXCM is suited to all brokers. Moreover, it has comprehensive offerings and trusted customer support.
FXTM
FXTM is an established Forex Broker regulated by FCA and CySEC. Account offers are Micro, Advantage, and, Advantage Plus. Moreover, MetaTrader4, MetaTrader 5, and a Proprietary platform are available.
| 🔎 Broker | 🥇 FXTM |
| 💴 Minimum Deposit | 10 USD |
| 💵 Inactivity Fee | $5 after 6 months of inactivity |
| 🎁 Bonuses | Referral bonus |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 📌 Account Types | Micro, Advantage, Advantage Plus |
| 💷 Base Currencies | USD, EUR, GBP, NGN |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Micro, Advantage, Advantage Plus, Demo, and Swap-Free accounts | Inactivity Fee |
| Dedicated customer support teams | Fees apply to most withdrawal methods |
Our Insights
FXTM is regarded as a safe broker. Furthermore, it offers a wide range of trading instruments across various markets.
Is Forex Trading Legal in Georgia?
Forex Trading is Legal in Georgia, as business currencies must be exchanged. The main regulator body in the country is the National Bank of Georgia ( NBG).
In Conclusion
Forex Trading in Georgia can be Profitable. However, the regulation of Forex in Georgia is not thorough. Furthermore, selecting a well-licensed and regulated international Forex broker that accepts local traders is key. Moreover, you should also consider customer support and a range of markets.
Our Insights
In the process of reviewing the Best Forex Brokers that accept Georgian Traders, we found 9 excellent options. Each broker has its list of Benefits, ranging from multiple account types to Multilingual Customer Support. Moreover, finding the Best Forex Broker will depend on a trader’s individual trading needs.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | CySEC,MISA, FSCA | USD 20 | Visit Broker >> |
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Frequently Asked Questions
Does eToro offer PAMM accounts?
Yes, eToro offers PAMM accounts.
Does FP Markets offer customer support?
FP Markets provides 24/7 customer support.
Does Pepperstone charge a deposit fee?
Pepperstone does not impose a deposit fee.
Which trading platforms does XM offer?
MetaTrader 4 and MetaTrader 5.
Does FXCM offer a Demo Account?
FXCM does offer a Free Demo Account.
Does FXTM offer Mobile Trading?
FXTM provides the FXTM Trader app.
Is Forex Trading Legal in Georgia?
Forex Trading is legal, popular, and well-regulated in Georgia.
What is the Legal age to trade Forex in Georgia?
The legal age for Forex Trading in Georgia is 18 years.
What is the Georgian Revenue Service?
Taxes are levied by the Georgia Department of Revenue.
Who is the regulatory authority of financial services in Georgia?
The main regulator body in the country is the National Bank of Georgia ( NBG).
What is the local currency in Georgia?
The local currency in Georgia is the Georgian Lari.
Who is the best Forex Broker in Georgia?
According to research, the best International Broker accepting Georgian Traders is Interactive Brokers.
Top 4 Brokers
