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5 Best Forex Brokers in Guyana

Last Update: June 26th, 2024

Forex Brokers Guyana

 

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

 

5 Best Forex Brokers in Guyana – a Comparison

 

🔎 Brokers🚀Open an Account🤝 Accepts Guyanese Traders💶 Min. Deposit (GYD)
🥇 IC Markets👉 Click Here✅Yes41945,52
🥈 Tickmill👉 Click Here✅Yes20972,76
🥉 Moneta Markets👉 Click Here✅Yes10486,38
🏅 Axi👉 Click Here✅YesNone
🎖️ FXCM👉 Click Here✅Yes10486,38

 

5 Best Forex Brokers in Guyana (2024)

 

  1. ☑️ IC Markets – Overall, the Best Forex Broker in Guyana
  2. ☑️ Tickmill – Impressive Selection of Currency Pairs
  3. ☑️ Moneta Markets – Low GYD Minimum Deposit
  4. ☑️ Axi – Best Forex Broker for Beginners
  5. ☑️ FXCM – Best MetaTrader 4 Forex Broker

 

IC Markets Review

 

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 Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

 

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo 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 Review

 

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 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

 

Pros and Cons

 

✅ Pros❌ Cons
MetaTrader 4 and MetaTrader 5Limited range of instruments
Pro account with minimal commissionsLimited 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 Review

 

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 Year2019
📉 Regulation and LicensesFSCA, FSA Seychelles, CIMA, ASIC
📊 Ease of Use Rating4/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsPRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App
📌 Account TypesDirect STP, Prime ECN, Ultra ECN
💴 Base CurrenciesAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL
📍 SpreadsFrom 0.0 pips
💹 Leverage1:1000
💵 Currency Pairs44; major, minor, and exotic pairs
💶 Minimum Deposit50 USD
💷 Inactivity FeeNone
🚀 Open an Account👉 Click Here

 

Moneta Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
1,000+ tradable assets, including forexSome account types may have volume constraints
Multilingual supportLimited Education

 

Our Insights

The benefits of trading with Moneta Markets include Multilingual Customer support, Competitive spreads, and, impressive Educational resources.

 

Axi Review

 

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 Deposit0 USD
💵 Inactivity Fee✅Yes
💝 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4
🚀 Open an Account
👉 Click Here

 

Axi Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Axi is regulated by top-tier agenciesOnly MetaTrader 4 is available
Axi provides standard, professional, and advanced accountsAxi does not have a proprietary trading platform
Axi supports the use of MetaTrader 4 across devicesCrypto withdrawals are not available
Users can trade forex and CFDs on equities, indices, commodities, and CryptoAxi 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 Review

 

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 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

The benefits of trading with FXCM include a Demo Account, Educational resources, and, trusted customer support.

 

Forex in Guyana

 

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.

 

The Guyanese 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.

 

Stock Trading in Guyana

 

Is Forex Trading Legal in Guyana?

Forex Trading is legal in Guyana. Moreover, it falls under strict regulations imposed by the Bank of Guyana.

 

Is Forex Trading Legal in 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.

 

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

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.

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