6 Best Forex Brokers in Myanmar
Last Update: April 30th, 2024
The 6 Best Forex Brokers in Myanmar – Rated and Reviewed. We have listed the Top Forex Brokers accepting traders from Myanmar.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Myanmar – a List.
- Is Forex Trading legal in Myanmar?
- The Best Forex Brokers for Beginners and Foreigners.
- The MetaTrader 4 and MetaTrader 5 Forex Brokers in Myanmar.
and much, MUCH more!
6 Best Forex Broker in Myanmar – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts traders in Myanmar | 💴 Minimum Deposit |
| 🥇 Axi | 👉 Click Here | ✅Yes | None |
| 🥈 XTB | 👉 Click Here | ✅Yes | None |
| 🥉 AvaTrade | 👉 Click Here | ✅Yes | 210178,10 |
| 🏅 FXCM | 👉 Click Here | ✅Yes | 105089,05 |
| 🎖️ FBS | 👉 Click Here | ✅Yes | 10508,90 |
| 🥇 OANDA | 👉 Click Here | ✅Yes | None |
6 Best Forex Broker in Myanmar (2024)
- ☑️ Axi – Overall, the Best Forex Broker in Myanmar
- ☑️ XTB – Great research and education
- ☑️ AvaTrade – Excellent all-round offering
- ☑️ FXCM – Best Forex Broker for Foreigners
- ☑️ FBS – Forex Broker Tailored to Professionals
- ☑️ OANDA – Voted Best Forex Broker (2021/2020)
Axi
Axi is a trusted Forex Broker regulated by ASIC, FCA, and FMA. Account types available are Standard, Pro, and, Elite. Moreover, it provides spreads from 0.0 pips and commissions from $7 per round turn.
No Minimum deposit is required.
| 🔎 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
Axi is best suited to Experienced traders. Experienced Traders will benefit from Pro and Elite Accounts. However, the Trading Platforms are limited.
XTB
Top-tier financial authorities regulate XTB. It offers segregated accounts for customer assets and additional safeguards. Moreover, it allows mobile trading via the xStation Mobile platform.
| 🔍 Broker | 🥇 XTB |
| 💵 Minimum Deposit | 0 USD |
| 5️⃣ Ease of use Rating | 5/5 |
| 🎁 Bonuses | ✅ Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
XTB suits all traders. Beginners will benefit from top-tier education and trusted customer support
AvaTrade
AvaTrade is a highly regulated and established Forex Broker. Proprietary trading platforms include AvaOptions, AvaTradeGO, and, AvaSocial. Moreover, MT4, MT5, DupliTrade, and ZuluTrade is available.
The Minimum deposit is 100 USD.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
AvaTrade best suits established and active traders. Professional Traders will benefit from a wide range of Trading Platforms.
FXCM
Two Tier-1 Regulators govern FXCM. Trading instruments provided include forex, stocks, indices, commodities, and cryptocurrencies. Moreover, a Professional Account is available.
The Minimum Deposit is 50 USD.
| 🔍 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
FXCM suites a wide range of Traders. Beginners will benefit from the Low minimum deposit and Demo Account.
FBS
FBS is a highly regulated and established forex broker. Accounts include Retail, Demo, and Islamic Options. Moreover, Trading Platforms available are MetaTrader 4, MetaTrader 5, and, FBS Trader.
The minimum deposit is 5 USD.
| 🔎 Broker | 🥇 FBS |
| 💴 Minimum Deposit | 5 USD |
| 💵 Inactivity Fee | None |
| 🤝 Affiliate Program | ✅Yes |
| 4️⃣ Ease of Use Rating | 4/5 |
| 📐 Trading Instruments | Forex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Minimum deposit - $5 | High leverage may be daunting |
| Leverage of up to 1:3000 | High leverage carries an increased risk of loss |
| Commission-free trading | Lack of fixed spread options |
Our Insights
FBS best suite Beginners. Account Types and Trading Platforms are limited. Moreover, 24/7 Customer Support is available.
OANDA
OANDA is a leading online forex brokerage firm. CFTC, NFA, and the FCA regulate OANDA. Moreover, it provides a comprehensive trading experience.
| 🔎 Broker | 🥇 OANDA |
| 💶 Minimum Deposit | None |
| 📌 Account Types | Standard, Elite Trader |
| 🆓 Demo Account | ✅Yes |
| 🎁 Bonus Offers | ✅Yes |
| ✏️ Education | ✅Yes |
| 📲 Mobile Trading | ✅Yes |
| 🖱️ Trading Platform | MetaTrader 4 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platforms | Only FX and CFD available for most clients |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
Our Insights
OANDA is suitable for all traders. Professional Traders will benefit from the Premium, Premium Core, and, Professional Accounts.
Is Forex Trading Legal in Myanmar?
Forex Trading is legal and well-regulated in Myanmar.
In Conclusion
Forex Trading is legal and well-regulated in Myanmar. Moreover, an impressive number of international Forex Brokers accept local traders. Forex Trading in Myanmar has the potential to be profitable.
Forex in Maynmar must be traded via a reputable and regulated international forex broker.
| 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 | SFSA, FSCA, CySec* | 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
In the process of reviewing the Best Forex Brokers that accept Forex Traders in Maynmar, we found 10 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
Is Forex Trading Legal in Myanmar?
Forex Trading is legal and well-regulated in Myanmar.
What is the Legal age to Trade Forex in Myanmar?
The legal age for Forex Trading in Myanmar is set at 18 years.
What is the revenue service in Myanmar?
The Internal Revenue Department of Myanmar.
Who is the regulatory authority of financial services in Myanmar?
Myanmar’s Financial Institutions Law or FIL.
What is the local currency in Myanmar?
The local currency in Myanmar is The Myanmar kyat.
Who is the best Forex Broker in Myanmar?
The best Forex Broker in Myanmar is Axi.
Can I upgrade my Axi account?
An Axi Standard Account can be upgraded to a Pro Account.
Does XTB have an Affiliate Program?
XTB does provide partnership programs.
How many currency pairs does AvaTrade offer?
51 Currency Pairs, including Major, Minor, and, Exotic.
What is the minimum deposit to open a FXCM account?
The minimum deposit to open a FXCM account is 50 USD.
What trading platforms does FBS offer?
MetaTrader 4, MetaTrader 5, and, FBS Trader.
Does OANDA suit Experienced Traders?
OANDA’s Elite Trader account is tailored to high-volume traders with premium features and benefits.
How many global offices does FXTM have?
FXTM has worldwide offices in Cyprus, the United Kingdom, Nigeria, Kenya, and South Africa.
What Platforms does AvaTrade offer?
MetaTrader 4 and MetaTrader 5.
Does Axi offer trading in commodities and indices?
Axi allows investors to trade various commodities, such as oil and energy.
Top 4 Brokers
