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6 Best Forex Brokers in Micronesia

Last Update: June 26th, 2024

Forex Brokers Micronesia

 

The 6 Best Forex Brokers in Micronesia – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Micronesia.

 

In this in-depth guide, you will learn:

 

 

And much, MUCH more!

 

6 Best Forex Brokers in Micronesia

 

6 Best Forex Brokers in Micronesia – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💷 Min. Deposit
🥇 IC Markets👉 Click Here✅Yes200 USD
🥈 Tickmill👉 Click Here✅Yes100 USD
🥉 FP Markets👉 Click Here✅YesAU$ 100
🏅 GO Markets👉 Click Here✅Yes200 USD
🎖️ Pepperstone👉 Click Here✅YesAU$ 200
🥇 CMC Markets👉 Click Here✅YesNone

 

6 Best Forex Brokers in Micronesia (2024)

 

  1. ☑️ IC Markets – Overall, the Best Forex Broker in Micronesia
  2. ☑️ Tickmill – Best Overall Trading Experience
  3. ☑️ FP Markets – The Best MetaTrader 4 Forex Broker
  4. ☑️ GO Markets – The Best MetaTrader 5 Forex Broker
  5. ☑️ Pepperstone – Leading Broker for Established Traders
  6. ☑️ CMC Markets – The Best Forex Broker for Beginners

 

IC Markets Review

 

IC Markets

IC Markets is a globally recognized Forex and CFD Broker licensed and regulated by ASIC, CySEC, FSA, and the SCB. Account available includes cTrader, Raw Spread, Standard, Islamic, and Demo Options. Notable factors and features of the account types include:

 

  • Commission Fees are charged to the cTrader and Standard Accounts.
  • All Markets are available across the Board.
  • MT4 and MT5 are available on the Raw Spread and Standard Accounts.
  • The Minimum Trade Size is 0.01 Lots.
  • The Minimum Deposit is 200 USD across the Board.

 

Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and ZuluTrade. Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and Futures.

 

🔎 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 impressive security measures, including Negative Balance Protection.

 

Tickmill Review

 

Tickmill

Tickmill is a prominent CFD and Forex Services provider catering to Beginners and Professional Traders. Regulations include Seychelles FSA, FCA, CySEC, Labuan FSA, and the FSCA. Pro, Classic, VIP, Demo, and Islamic, Swap-Free Account Options are available. Notable Factors about the Tickmill account selection include:

 

  • The Classic Account is commission-free.
  • All trading platforms are supported by all account types.
  • The Minimum deposit to open a Classic account is 100 USD.

 

Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and ETFs. Trading Platforms supported are MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Tickmill Mobile App is available.

 

🔎 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

Broker highlights include several account types and trusted trading platforms such as MT4 and MT5.

 

FP Markets

 

FP Markets

FP Markets is an impressive Forex and CFD Brokerage with access to over 10,000 trading items, including Forex, indices, commodities, stocks, and cryptocurrencies. License and Regulations include ASIC, CySEC, FSCA, FSA, and the FSC. Account Types available are Standard, Raw, Islamic Standard, Islamic Raw, and Demo Options. Account highlights include:

 

  • The Standard and Standard Islamic Accounts are Commission Free
  • The Minimum Trade size is 0.01 Lots across all accounts
  • The Raw and Islam Raw Accounts best suit Scalpers and Algorithmic Traders

 

The Minimum deposit for all accounts is AU$ 100. Trading instruments and Products include MetaTrader 4, MetaTrader 5, IRESS, and cTrader. Moreover, an FP Markets mobile app is available for download.

 

🔎 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

The benefits of trading with FP Markets include Multilingual Customer Support. Languages supported include English, Arabic, German, Portuguese, Vietnamese, Indonesian, French, Malay, Italian, and Russian.

 

Go Markets Broker Review

 

GO Markets

GO Markets is a highly regulated, global Forex and CFD services provider. Its licenses and Regulations include ASIC, FSA Seychelles, FSC Mauritius, and CySEC. Accounts available are Standard and GO+ Plus Accounts. The Standard Account is Commission-Free. In addition, a Demo Account is available. The Minimum deposit is 200 USD.

Supported Trading Platforms include MetaTrader 4, MetaTrader 5, and cTrader. Trading instruments and Products include Forex, shares, indices, metals, commodities, and cryptocurrencies.

 

🔎 Broker🥇 GO Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
🪙 Currency Pairs50+; minor, major, exotic pairs
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

GO Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
Competitive SpreadsNot FCA Regulated

 

Our Insights

The Benefits of trading with GO Markets include an impressive range of educational resources, including Inner Circle Webinars.

 

Pepperstone

 

Pepperstone

Pepperstone is a trustworthy and highly regulated Forex Broker that provides competitive spreads on Contracts for Difference (CFDs). License and Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and the SCB. Account Options include Standard, Razor, Islamic, and Demo Options. The minimum deposit is AU$ 200. Notable Factors and Features include:

 

  • 24/7 Customer Support
  • USD and GBP Base Currencies
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500

 

Supported Trading Platforms include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and Capitalise.ai. Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and ETFs.

 

🔎 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
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include full digital account opening and great customer support.

 

CMC Markets Review

 

CMC Markets

CMC Markets is a trusted Forex Brokerage with regulations including BaFin, FCA, ASIC, MAS, FMA, IIROC, and the DFSA. Account Options include CFD, Spread Betting, and Corporate Options. The CFD Account is available to all traders, whereas the Corporate account is specifically designed for Institutional Investors. Moreover, a Demo Account is available.

Supported Trading Platforms include MetaTrader 4 and the Proprietary Next-Generation Platform. In addition, a CMC Markets Mobile App is available. Trading instruments and Products include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and ETFs.

 

🔎 Broker🥇 CMC Markets
💴 Minimum Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Next Generation platformHigh Fees

 

Our Insights

The benefits of trading with CMC Markets include trusted multilingual customer support. Supported languages include English, French, German, Italian, Norwegian, Polish, and Spanish.

 

Forex Trading in Micronesia

 

Is Forex Trading Legal in Micronesia?

Forex Trading in Micronesia is legal and available without restriction.

 

Is Forex Trading Legal in Micronesia?

 

In Conclusion

Forex Trading in Micronesia is legal and available without restrictions. Moreover, several International Forex Brokers accept Micronesian Traders.

 

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 Micronesian Traders, we found 6 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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FAQs

Forex Trading in Micronesia is legal and available without restriction.

IC Markets provides various leverage choices, from 1:1 to 1:500.

An Islamic, Swap-Free option is available on all Tickmill accounts.

24/7 Dedicated Customer Support is available.

Regulations include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC.

The Pepperstone Minimum Deposit is AU$ 200.

Deposit Options accepted include Credit Cards, Debit Cards, Bank Transfers, and, Online Banking.

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