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8 Best Forex Brokers in Georgia

Last Update: June 26th, 2024

Forex Brokers Georgia

 

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:

 

 

and much, MUCH more!

 

9 Best Forex Brokers in Georgia

 

8 Best Forex Brokers in Georgia – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Georgia💴 Min. Deposit (GEL)
🥇 Interactive Brokers👉 Click Here✅YesNone
🥈 Saxo Bank👉 Click Here✅YesNone
🥉 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)

 

  1. ☑️ Interactive Brokers – Overall, the Best Forex Broker for Georgian Traders
  2. ☑️ Saxo – Best web-based trading platform
  3. ☑️ eToro – Best Broker for Copy and Crypto Trading
  4. ☑️ FP Markets – Best Trading App for iOS and Android
  5. ☑️ Pepperstone – Low Forex Commission and Tight Spreads
  6. ☑️ XMLow Cost ₾ Forex Broker
  7. ☑️ FXCM – Top Forex Broker for Beginners
  8. ☑️ FXTM – Best Forex Broker for Professional Traders

 

Interactive Brokers Review

 

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. No minimum deposit is set.

 

🔎 Broker🥇 Interactive Brokers
📈 Regulation and LicensesFINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, MAS
📉 Ease of Use3/5
📊 Support Hours24/5
💹 Trading PlatformsIBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, IBKR Impact
📌 Account TypesIBKR Lite, IBKR Pro
🪙 Base CurrenciesUSD, AUD, CAD, CHF, EUR, GBP, HKD, JPY
📍 Spreads0.6 pips
📈 Leverage1:30
💸 Currency Pairs100+
💳 Minimum Deposit0 USD
🚫 Inactivity FeeNone
↪️ Website LanguagesEnglish, Spanish, Portuguese, Chinese
💰 Fees and CommissionsSpreads from 0.6 pips, commissions from 0.0005 USD
🤝 Affiliate Program✅Yes
📉 Scalping✅Yes
📊 Hedging✅Yes
🚀Open an AccountOpen Account

 

Interactive Brokers

 

Pros and Cons

 

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

 

Our Insights

Interactive Brokers is suited to Active Traders. Moreover, it offers advanced trading tools and sophisticated order type configurations.

 

Saxo Bank Review

 

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 Use4/5
📉 Support Hours24/5
📊 Trading PlatformsSaxoTraderGO, SaxoTraderPRO
💹 Account TypesClassic, Platinum, VIP
💴 Base Currencies18 currencies
🅰️ SpreadsFrom 0.4 pips
🅱️ Leverage1:30
💸 Currency Pairs185+
💳 Minimum Deposit0 USD
🚫 Inactivity FeeNone
⚙️ Website LanguagesEnglish, Danish, French, etc.
💰 Fees and CommissionsSpreads from 0.4 pips; commissions from $0 on Mutual Funds
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States
📈 Scalping✅Yes
📉 Hedging✅Yes
📊 Trading InstrumentsForex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

 

✅ Pros❌ Cons
Instructional resources High Fees when Compared
Multiple Trading PlatformsFutures 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 Review

 

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 LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip, zero commission fees
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle 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

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 DepositAU$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
💶 Currency PairsMajor, Minor, Exotic
📌 RegulationsASIC, CySEC, FSCA, FSA, FSC
5️⃣ Ease of Use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

FP Markets

 

Pros and Cons

 

✅ Pros❌ Cons
FP Markets is regulated in several regionsThere are limited instruments offered
MetaTrader, cTrader, and IRESS are availableresearch tools are not extensive
Tight Spreads Withdrawal fees apply
There are low forex feesNo 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 Review

 

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 DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Pepperstone provides responsive and friendly customer service that is available 24/7While trading fees are low, the costs of holding positions overnight can be significant
Traders are not charged for account inactivityTransfers: International bank transfers have a $20 fee
There is a lot of educational content available to traders of all skill levelsThe variety of platforms and advanced technologies can be overwhelming for novices
New users should expect a quick and easy account setup processPepperstone 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 PepperstoneSome 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 Review

 

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, Supported Trading Platforms include MT4, MT5, and Mobile Trading.

 

🔎 Broker🥇 XM
💴 Minimum Deposit$5 USD
🎁 Bonus Offers ✅Yes
📈 Account TypesMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
⏰ Support Hours24/7
🆓 Demo Account✅Yes
🚀 Open an Account
👉 Click Here

 

XM

 

Pros and Cons

 

✅ Pros❌ Cons
Low Minimum depositNo social trading features available
Unlimited Demo AccountInactivity Fees

 

Our Insights

XM is well-suited for beginners. Moreover, it prioritizes client education and support.

 

FXCM Review

 

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 Deposit50 USD
4️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes
🕰️ Support Hours24/5
🚀 Open an Account👉 Click Here

 

FXCM

 

Pros and Cons

 

✅ Pros❌ Cons
Multitude of educational materialsHigh Currency conversion fees
Multiple Account TypesNarrow asset portfolio
24-hour multilingual customerLimited Trading Platforms

 

Our Insights

FXCM is suited to all brokers. Moreover, it has comprehensive offerings and trusted customer support.

 

FXTM Review

 

FXTM

FXTM is an established Forex Broker. Regulations by renowned and trusted agencies include the FCA and CySEC. Account offers are Micro, Advantage, and, Advantage Plus. Moreover, MetaTrader4, MetaTrader 5, and a Proprietary platform are available.

 

🔎 Broker🥇 FXTM
💴 Minimum Deposit10 USD
💵 Inactivity Fee$5 after 6 months of inactivity
🎁 BonusesReferral bonus
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, FXTM Trader
📌 Account TypesMicro, Advantage, Advantage Plus
💷 Base CurrenciesUSD, EUR, GBP, NGN
🚀 Open an Account👉 Click Here

 

FXTM Review

 

Pros and Cons

 

✅ Pros ❌ Cons
Micro Account for BeginnersInactivity Fee
Dedicated customer support teamsFees apply to most withdrawal methods

 

Our Insights

FXTM is 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. The main regulator body in the country is the National Bank of Georgia ( NBG).

 

Is Forex Trading Legal in Georgia?

 

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.

 

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 >>

 

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FAQs

Yes, eToro offers PAMM accounts.

FP Markets provides 24/7 customer support.

Pepperstone does not impose a deposit fee.

MetaTrader 4 and MetaTrader 5.

FXCM does offer a Free Demo Account.

FXTM provides the FXTM Trader app.

Forex Trading is legal, popular, and well-regulated in Georgia.

The legal age for Forex Trading in Georgia is 18 years.

Taxes are levied by the Georgia Department of Revenue.

The main regulator body in the country is the National Bank of Georgia ( NBG).

The local currency in Georgia is the Georgian Lari.

According to research, the best International Broker accepting Georgian Traders is Interactive Brokers.

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