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5 Best Forex Brokers in Bhutan

Last Update: June 26th, 2024

Best Forex Brokers in Bhutan

The 5 Best Forex Brokers in Bhutan – Rated and Reviewed. We have reviewed the top international Forex Brokers that accept Bhutanese Traders.

 

In this in-depth guide, you will learn:

  • The Best Forex Brokers in Bhutan – a List
  • Is Forex Legal and Profitable in Bhutan?
  • The Best Forex Brokers in Bhutan for Beginners and Foreigners.
  • Forex Brokers Trading per the Bhutan National Bank

and much, MUCH more!

 

5 Best Forex Brokers in Bhutan

 

5 Best Forex Brokers in Bhutan – a Comparison

🔎 Broker🚀 Open an Account🤝 Accepts Bhutanese Traders💶 Min. Deposit (BTN)
🥇 Interactive Brokers👉 Click Here✅YesNone
🥈 XTB👉 Click Here✅YesNone
🥉 Oanda👉 Click Here✅YesNone
🏅 Admirals👉 Click Here✅Yes8339.09 BTN
🎖️ IC Markets👉 Click Here✅Yes16'678.18 BTN

 

5 Best Forex Brokers in Bhutan (2024)

  1. ☑️ Interactive Brokers – Overall, the Best Forex Broker accepting Bhutanese Traders.
  2. ☑️ XTB – Commission-free stocks and ETFs.
  3. ☑️ Oanda – Excellent Trading Platforms + Educational Resources.
  4. ☑️ Admirals – Straightforward account opening.
  5. ☑️ IC Markets – Low Forex commissions and tight spreads.

 

Interactive Brokers Review

Interactive Brokers

An advanced trading platform and a large selection of tradable securities make Interactive Brokers an excellent choice for active and advanced traders. Furthermore, the brokers’ proprietary trading platform for desktop, mobile, and web is partnered with two account types: IBKR Lite and IBKR Pro.

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers Overview

Account Types

Interactive Brokers offer Multiple account types, including IBKR Lite and IBKR Pro. The IBKR Lite account offers the following notable features:

  • Commission-free trading on US exchange-listed stocks and ETFs
  • No Minimum Deposit or Inactivity Fee
  • Competitive Interest Rates

Furthermore, IBKR Lite Clients are granted access to the client Portal, IBKR Mobile, and Trader Workstation (TWS). The Lite account caters to beginners, while the IBKR Pro account is designed for professional and active traders.

 

Interactive Brokers Account Types

Trading Platforms

Traders can choose from a wide range of Trading Platforms across the web, desktop, and, mobile. IBKR Trading platforms include:

  • Trader Workstation (TWS)
  • IBKR Mobile
  • GlobalTrader

Additionally, access will be granted to the Client Portal.

 

IBKR Trading Platforms

Pros and Cons

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

 

IBKR Pros and Cons

 

Our Insights

Interactive Brokers’ advanced execution and strong trading platforms best suit active and advanced traders. Furthermore, Casual traders may find the IBKR Lite account attractive, but the overall offering can overwhelm them.

 

XTB Review

 

XTB

As one of the largest stock exchange-listed Forex and CFD Brokers in the world, XTB is an excellent Broker Choice for Bhutanese Traders.

🔎 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

 

Account Types

XTB offers three different account types; Standard, Pro, and Islamic. No Minimum Deposit is set.

 

XTB Account Types

 

Trading Platforms

A proprietary trading platform, xStation is available on the Web, Desktop, and Mobile. The Platform offers a simple and intuitive design.

 

XTB Trading Platforms

 

Pros and Cons

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

 

XTB Pros and Cons

 

Our Insights

Cost-conscious traders consider XTB a Top Choice as it offers commission-free stocks and ETFs, free deposits/withdrawals, and does not require a set minimum deposit. However, Inactivity and High Conversion Fees apply.

 

OANDA

 

OANDA

As a trusted and well-established global brand, OANDA is set apart for its low trading cost and trusted support. Top-tier authorities, including FCA and ASIC, regulate OANDA.

🔎 Broker🥇 OANDA
💶 Minimum DepositNone
📌 Account TypesStandard, Elite Trader
🆓 Demo Account✅Yes
🎁 Bonus Offers✅Yes
✏️ Education✅Yes
📲 Mobile Trading ✅Yes
🖱️ Trading PlatformMetaTrader 4
🚀Open an Account👉 Click Here

 

OANDA

 

Account Types

OANDA offers multiple Account Types; Standard, Core, Premium, and Premium Core. The Standard account suits all traders, whereas the Premium Core suits high-volume traders. No minimum deposit is set.

 

Oanda Account Types

 

Trading Platforms

Clients can choose to trade via MetaTrader 4, MetaTrader 5, or fxTrade for mobile. Notable features of fxTrade include:

  • Customizable Interface
  • Multi-Asset Product Suites
  • One-Click Trading

Furthermore, MetaTrader is available on demo trading accounts.

 

Oanda Trading Platforms

 

Pros and Cons

✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity fee

 

Oanda Pros and Cons

 

Our Insights

OANDA is considered to be a safe Forex Broker choice for Beginners in Bhutan. Top-tier authorities regulate it. However, bank transfers incur high withdrawal fees, and only forex, CFDs, and cryptocurrencies are offered.

 

Admirals Review

 

Admirals

Admiral Markets or Admirals, as a well-established FSCA Regulated Forex Broker, holds all client funds in segregated accounts with negative balance protection offered. Furthermore, clients can trade or invest in 3,700+ trading instruments.

🔎Broker🥇Admirals
💴Minimum Deposit25 USD
🎉Established Year2001
⏰Support Hours24/5
💻Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals App
📈Account TypesTrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5
🚀 Open an Account
👉 Click Here

 

Admirals

 

Account Types

Multiple MetaTrader 4 and MetaTrader 5 Account types are offered, namely:

  • Trade.MT5
  • Zero.MT5
  • Trade.MT4
  • Zero.MT4

A 25 USD/BTN 8339.09 minimum deposit is required to register an account. Furthermore, an Islamic Swap-Free Option is offered on the Trade.MT5 Account.

 

Admirals Account Types

 

Trading Platforms

Admirals offers a choice between the MetaTrader 4 and MetaTrader 5 Platforms. Additionally, the Admirals App is available for download on the Apple App Store, Google Play, and Huawei AppGallery.

 

Admirals Trading Platforms

 

Pros and Cons

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

 

Admirals Pros and Cons

 

Our Insights

In our opinion, Admirals is well-suited to beginners as it charges low forex CFD fees. However, Customer support is not available 24/7.

 

IC Markets Review

 

IC Markets

With 17 years of experience, IC Markets is a trusted and highly-regulated Forex Broker. IC Markets offers Competitive pricing, low average spreads, and multi-platform trading.

🔎 Broker🥇 IC Markets
📈 Social Trading✅Yes
📉 Account TypescTrader, Raw Spread, Standard
📊 MT4 / MT5✅Yes
📌 RegulationFSA
💹 Spreads from0.0 Pips
⚡ Instant Deposits✅Yes
🆓 Demo Account✅Yes
🚀Open an Account👉 Click Here

 

IC Markets

 

Account Types

IC Markets accounts include cTrader, Raw Spread, and Standard. All accounts require a 200 USD/BTN 16’678.18 minimum deposit on registration. Notable features on all accounts include:

Additionally, an Islamic Option can be requested.

 

IC Markets Accounts

 

Trading Platforms

The Raw Spread and Standard Accounts are partnered with the MetaTrader Suite, whereas the cTrader account offers access to cTrader and TradingView.

 

IC Markets Trading Platforms

 

Pros and Cons

✅ Pros❌ Cons
Low forex feesLimited product selection
Easy and fast account openingHigh financing rate for CFDs

 

IC Markets Pros and Cons

 

Our Insights

IC Markets is an impressive Forex Broker with low trading fees and tight spreads. However, the product selection is limited and the customer support is subpar.

 

IC Markets Our Insights

 

In Conclusion

Traders rely on International Forex Brokers to effectively trade the Bhutanese Ngultrum as local entities are hard to find. Trading in Bhutan is legal, but not regulated by Local authorities. A trader should prioritize Safety and Security when considering trading in Bhutan.

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

In the process of reviewing the Best Forex Brokers that accept Bhutanese Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from trusted trading platforms to excellent customer support. Furthermore, finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

Trading in Bhutan is legal, but not regulated by Local authorities.

Regulation, Trading Fees, and Customer Support should be considered.

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