5 Best Forex Brokers in Guyana
Last Update: April 30th, 2024
The 5 Best Forex Brokers in Guyana – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Guyana.
- The Best Forex Brokers in Guyana – a List
- The Best Forex Brokers for Beginners and Foreigners
- The Best MetaTrader 4 and MetaTrader 5 Forex Brokers
- Can you trade for in Guyana?
- Is Forex Trading Legal in Guyana?
- What is the Guyana Dollar – Explained
- Is Forex in Guyana Regulated?
and much, MUCH more!
5 Best Forex Brokers in Guyana – a Comparison
| 🔎 Brokers | 🚀Open an Account | 🤝 Accepts Guyanese Traders | 💶 Min. Deposit (GYD) |
| 🥇 IC Markets | 👉 Click Here | ✅Yes | 41945,52 |
| 🥈 Tickmill | 👉 Click Here | ✅Yes | 20972,76 |
| 🥉 Moneta Markets | 👉 Click Here | ✅Yes | 10486,38 |
| 🏅 Axi | 👉 Click Here | ✅Yes | None |
| 🎖️ FXCM | 👉 Click Here | ✅Yes | 10486,38 |
5 Best Forex Brokers in Guyana (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in Guyana
- ☑️ Tickmill – Impressive Selection of Currency Pairs
- ☑️ Moneta Markets – Low GYD Minimum Deposit
- ☑️ Axi – Best Forex Broker for Beginners
- ☑️ FXCM – Best MetaTrader 4 Forex Broker
IC Markets
IC Markets is a trustworthy and highly regulated Forex Broker. ASIC, CySEC, FSA, and, the SCB regulate it. Accounts available are cTrader, Raw Spread, Standard, Islamic, and, Demo. The minimum deposit is 200 USD.
MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and ZuluTrade are trading platforms available. Furthermore, Deposits, Withdrawal, and, Inactivity Fees are waived.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
The Benefits of trading with IC Markets include low Forex Fees, Several Trading platforms, and trusted customer support.
Tickmill
Tickmill is a trustworthy and highly regulated online Forex and CFD broker. Account offers are Pro, Classic, VIP, Islamic, and, Demo. The minimum deposit is 100 USD.
Trading platforms include MetaTrader 4, MetaTrader 5, and, the Tickmill mobile app. Moreover, Deposits, Withdrawal, and Inactivity Fees are not charged.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
The benefits of trading with Tickmill include Crypto Trading, leverage of up to 1:500, and, stop-out limits.
Moneta Markets
Moneta Markets is a well-established and trusted Forex Broker with a wide global reach. Accounts offered are Direct STP, Prime ECN, Ultra ECN, Islamic, and, Demo. The minimum deposit is 500 USD.
Trading Platforms offered are PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, a CopyTrader App.
| 🔎 Broker | 🥇 Moneta Markets |
| 📈 Established Year | 2019 |
| 📉 Regulation and Licenses | FSCA, FSA Seychelles, CIMA, ASIC |
| 📊 Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App |
| 📌 Account Types | Direct STP, Prime ECN, Ultra ECN |
| 💴 Base Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL |
| 📍 Spreads | From 0.0 pips |
| 💹 Leverage | 1:1000 |
| 💵 Currency Pairs | 44; major, minor, and exotic pairs |
| 💶 Minimum Deposit | 50 USD |
| 💷 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| 1,000+ tradable assets, including forex | Some account types may have volume constraints |
| Multilingual support | Limited Education |
Our Insights
The benefits of trading with Moneta Markets include Multilingual Customer support, Competitive spreads, and, impressive Educational resources.
Axi
Axi is a trusted and well-regulated Forex Broker that offers a highly competitive starting spread. Accounts available are Standard, Pro, Elite, Islamic, and, Demo. No minimum deposit is required.
The Trading Platform offered is MetaTrader 4.
| 🔎 Broker | 🥇 Axi |
| 💴 Minimum Deposit | 0 USD |
| 💵 Inactivity Fee | ✅Yes |
| 💝 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | MetaTrader 4 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Axi is regulated by top-tier agencies | Only MetaTrader 4 is available |
| Axi provides standard, professional, and advanced accounts | Axi does not have a proprietary trading platform |
| Axi supports the use of MetaTrader 4 across devices | Crypto withdrawals are not available |
| Users can trade forex and CFDs on equities, indices, commodities, and Crypto | Axi restricts customers from the United States and other regions |
Our Insights
The benefits of trading with Axi are impressive educational resources and trusted customer support.
FXCM
FXCM is a trustworthy and well-regarded Forex and CFDs Broker. The FCA, ASIC, CySEC, and, the FSCA regulate it. A Single CFD Account is offered. The minimum deposit is 50 USD.
Trading platforms offered are the FXCM App, Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and, ZuluTrade.
| 🔍 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
The benefits of trading with FXCM include a Demo Account, Educational resources, and, trusted customer support.
The Guyanese Dollar
The Guyanese dollar (GYD) is the official currency of Guyana. The currency is represented by the symbols $ and G$. The Bank of Guyana is responsible for printing and maintaining the dollar.
Stock Trading in Guyana
Guyana’s securities market is governed by the Guyana Association of Securities Companies and Intermediaries (GASCI). Shares can be bought or sold on the Guyana Stock Market through GBTI Bank listed Brokers.
Is Forex Trading Legal in Guyana?
Forex Trading is legal in Guyana. Moreover, it falls under strict regulations imposed by the Bank of Guyana.
In Conclusion
The popularity of Forex in Guyana has seen a notable rise. Forex Trading in Guyana is legal and strictly regulated. The Financial Intelligence Unit (FIU) and the Bank of Guyana govern it.
| 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 | CySEC, MISA, FSCA | 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 >> |
Our Insights
While reviewing the Best Forex Brokers that accept Guyanese Traders, we found 5 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
What is the Minimum deposit for IC Markets?
The minimum deposit for IC Markets starts at $200 for bank transfers and credit/debit cards.
Does IC Markets offer leverage?
IC Markets provides various leverage choices, from 1:1 to 1:500.
Does Tickmill offer commission-free accounts?
Tickmill does offer commission-free accounts.
What Platforms Does Tickmill Offer?
MetaTrader 4 and MetaTrader 5.
Does Moneta Markets provide a demo account?
Moneta Markets offers a demo account with $100,000 in virtual funds.
Does Moneta Markets allow automated trading?
Moneta Markets supports automated trading strategies through its MetaTrader platforms.
Does Axi have a Swap-Free option?
Axi does offer swap-free accounts.
What accounts does Axi offer?
Standard, Professional, and Advanced Accounts.
Does FXCM allow cryptocurrency trading?
FXCM allows traders to trade multiple financial products, including forex, stocks, indices, commodities, and cryptocurrencies.
What is the FXCM Minimum deposit?
The minimum deposit required is 50 USD.
Top 4 Brokers
