Exness stands out as a trusted, globally regulated broker that welcomes Nepali traders. Though not licensed locally, it provides strong security, fast transactions, and flexible trading conditions, making it a top choice for Nepal-based traders seeking reliable international access.
5 Best Forex Brokers in Nepal
We’ve listed the 5 Best Forex Brokers in Nepal that offer safe and reliable access to global forex markets. Although Nepal’s central bank, Nepal Rastra Bank (NRB), restricts local forex trading, many trusted international brokers still accept Nepali traders. Top-tier authorities regulate these brokers, provide competitive spreads, fast execution, and user-friendly platforms. Nepali traders can open USD-based accounts, access forex, commodities, indices, and crypto, and benefit from strong investor protection and secure trading conditions through reputable global firms.
5 Best Forex Brokers in Nepal (2026)
- Exness – Overall, the Best Forex Broker in Nepal
- IC Markets – Broad range of trading instruments.
- Pepperstone – Supports automated and scalping strategies.
- XM – Strong education and research tools.
- Axi – Low spreads and fast execution.
Top 10 Forex Brokers (Globally)
1. Exness
Exness operates as a globally regulated forex broker under authorities such as 🇨🇾 CySEC, 🇬🇧 FCA, 🇸🇨 FSA, and 🇿🇦 FSCA. While Exness is not locally regulated in Nepal, it accepts Nepali traders and offers easy online account registration, fast withdrawals, and access to forex, CFDs, and crypto trading.
| Feature | Details |
| Regulation | 🇨🇾 CySEC 🇬🇧 FCA 🇸🇨 FSA 🇿🇦 FSCA |
| Local License in Nepal | None |
| Nepali Traders Accepted | Yes |
| Minimum Deposit | Varies by account |
| Leverage | Up to 1:2000 |
| Trading Instruments | Forex CFDs Crypto |
| Account Currencies | USD EUR |
| Platforms | MT4 MT5 |
| Withdrawals | Fast and reliable |
 | Minimum Deposit: $1 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Crypto: Yes |
Frequently Asked Questions
Is Exness legally authorized in Nepal?
No. Exness does not hold a local license from 🇳🇵 Nepal Rastra Bank. However, it operates under top-tier global regulators, allowing Nepali traders to register and trade legally with an international account.
Can Nepali traders open and fund an Exness account?
Yes. Exness accepts traders from Nepal. Users can open USD or EUR accounts, fund them via international payment methods, and trade forex, indices, and crypto through MT4 or MT5 platforms.
| Minimum Deposit: $1 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Trusted global regulation | No local Nepali oversight |
| Very low spreads | High leverage increases risk |
| Instant withdrawals | Limited local payment methods |
| Wide range of assets | No NPR account option |
| Beginner-friendly platforms | Regional restrictions may apply |
Our Insights
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐⭐ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
2. IC Markets
IC Markets accepts traders from Nepal and operates under top-tier authorities, including 🇦🇺 ASIC and 🇨🇾 CySEC. It does not hold a local Nepali licence, but Nepali traders can register, fund accounts, and trade forex, CFDs, and crypto securely through its global entity.
| Feature | Details |
| Regulation | 🇦🇺 ASIC 🇨🇾 CySEC FSA (Seychelles) |
| Local Licence in Nepal | None |
| Nepal Traders Accepted | Yes |
| Minimum Deposit | USD 200 |
| Trading Platforms | MT4 MT5 cTrader |
 | Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Frequently Asked Questions
Is IC Markets legally authorised in Nepal?
No. IC Markets does not hold a licence from 🇳🇵 Nepal Rastra Bank. However, it allows Nepali clients to trade under its globally regulated entities, providing a safe trading environment.
Can traders from Nepal open an account with IC Markets?
Yes. Nepali traders can open a live account, use MT4, MT5, or cTrader, fund accounts in USD or EUR, and access forex and CFD markets easily.
| Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong global regulation | No Nepali-specific oversight |
| Sharp spreads and fast execution | Minimum deposit is relatively high |
| Accepts Nepal residents | Investor protection may not cover Nepal |
| Broad instrument range | Crypto and CFD risks are high |
| Thorough documentation and KYC | Local banking options may be limited |
Our Insights
IC Markets offers a reliable trading environment for Nepal-based traders. With strong global regulation, fast execution, and diverse trading instruments, it provides a secure and professional option even without local Nepali licensing.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3. Pepperstone
Pepperstone accepts traders from Nepal and operates under top-tier authorities, including 🇦🇺 ASIC, 🇬🇧 FCA, and 🇨🇾 CySEC. It does not hold a local Nepali licence, but Nepali traders can open accounts, trade forex, indices, and CFDs, and use advanced platforms with fast execution and competitive pricing.
| Feature | Details |
| Regulation | 🇦🇺 ASIC 🇬🇧 FCA 🇨🇾 CySEC 🇰🇪 CMA 🇦🇪 DFSA |
| Local Licence in Nepal | None |
| Nepal Traders Accepted | Yes |
| Minimum Deposit | AU$10 |
| Trading Platforms | MT4 MT5 cTrader |
 | Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Frequently Asked Questions
Is Pepperstone legally authorised in Nepal?
No. Pepperstone does not hold a licence from 🇳🇵 Nepal Rastra Bank. Nepali traders can still access global trading services through Pepperstone’s internationally regulated entities safely.
Can traders from Nepal open an account with Pepperstone?
Yes. Nepali traders can register online, fund accounts in USD or EUR, and trade forex, commodities, and indices using MT4, MT5, or cTrader platforms with reliable execution.
| Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong global regulation | No Nepali-specific oversight |
| Low spreads and competitive pricing | Local deposit options may be limited |
| Fast trade execution | Limited leverage for some accounts |
| Accepts Nepal residents | Investor protection may not cover Nepal |
| Supports multiple platforms | No NPR account option |
Our Insights
Pepperstone provides Nepal-based traders with secure and fast trading under strong international regulation. Its competitive pricing, wide instrument range, and advanced platforms make it a practical choice for traders seeking professional conditions without a local Nepali licence.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
Top 3 Forex Brokers in Nepal – Compared
| Broker |  |  |  |
| Regulation | 🇨🇼 CBCS, 🇨🇾 CySEC, 🇬🇧 FCA, 🇸🇨 FSA, 🇻🇬 FSC, 🇲🇺 FSC, 🇿🇦 FSCA, 🇰🇪 CMA, 🇯🇴 JSC | 🇸🇨 FSA (Seychelles) | 🇦🇺 ASIC, 🇩🇪 BaFin, 🇰🇪 CMA, 🇨🇾 CySEC, 🇦🇪 DFSA, 🇬🇧 FCA, 🇧🇸 SCB |
| Minimum Deposit | Varies by account | 200 USD | AU$10 |
| Spreads From | 0.0 pips | 0.0 pips | 0.0 pips |
| Commissions | From $0 to $3.5 per lot | Variable | Yes |
| Swap Fees | Yes | Yes | Yes |
| Leverage | Up to 1:2000 | Up to 1:500 | 1:500 (Pro) 1:200 (Retail) |
| Open an Account |  | | |
4. XM
XM accepts traders from Nepal and operates under global authorities such as 🇨🇾 CySEC, 🇦🇺 ASIC, and 🇬🇧 FCA. It does not hold a local Nepali licence, but Nepali traders can open accounts, trade forex, CFDs, and crypto, and use user-friendly platforms with low minimum deposits and reliable execution.
| Feature | Details |
| Regulation | 🇨🇾 CySEC 🇦🇺 ASIC 🇬🇧 FCA |
| Local Licence in Nepal | None |
| Nepal Traders Accepted | Yes |
| Minimum Deposit | USD 5 |
| Trading Platforms | MT4 MT5 |
 | Minimum Deposit: $5 Regulated by: FSC Crypto: Yes (not available under CySEC (EU) or DFSA (MENA). |
Frequently Asked Questions
Is XM legally authorised in Nepal?
No. XM does not hold a licence from 🇳🇵 Nepal Rastra Bank. Nepali traders can safely trade through XM’s internationally regulated entities, ensuring access to secure platforms and global market instruments.
Can traders from Nepal open an account with XM?
Yes. Traders in Nepal can register online, fund accounts in USD or EUR, and access forex, indices, commodities, and crypto through XM’s MT4 or MT5 platforms with flexible leverage and beginner-friendly tools.
| Minimum Deposit: $5 Regulated by: FSC Crypto: Yes (not available under CySEC (EU) or DFSA (MENA). |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Accepts Nepal residents | No Nepali-specific oversight |
| Low minimum deposit | Limited local payment options |
| User-friendly platforms | Spreads can widen in volatile markets |
| Wide instruments | Leverage depends on jurisdiction |
| Strong global regulation | Crypto trading carries high risk |
Our Insights
XM provides Nepal-based traders with a safe and accessible trading environment. Its low minimum deposit, flexible accounts, and educational resources make it ideal for beginners, while strong international regulation ensures secure trading even without local Nepali licensing.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5. Axi
Axi operates under recognised authorities such as 🇬🇧 FCA, 🇦🇺 ASIC, and 🇦🇪 DFSA. It does not hold a direct licence from 🇳🇵 Nepal Rastra Bank. Nonetheless, Axi welcomes Nepal-based clients and allows them to open accounts and trade forex, indices, and commodities globally.
| Feature | Details |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇦🇪 DFSA |
| Local Licence in Nepal | None |
| Nepal Traders Accepted | Yes |
| Minimum Deposit | Varies |
| Trading Platforms | MT4 WebTrader |
 | Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Frequently Asked Questions
Is Axi legally authorised in Nepal?
No. Axi does not hold a local licence from Nepal’s regulatory bodies. It operates under international regulation while still serving Nepal-resident traders safely.
Can traders from Nepal open an account with Axi?
Yes. Traders in Nepal can open an account with Axi, access major trading platforms, and trade forex, indices, and commodities under its international regulatory oversight.
| Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Global oversight by top regulators | No Nepali-specific regulatory backing |
| Accepts Nepal-resident clients | Limited local payment options |
| Supports major platforms | Minimum deposit may vary by region |
| Wide instrument range | Investor compensation may not cover Nepal |
| Good entry-level environment | Crypto trading may carry extra risk |
Our Insights
Axi delivers a credible global trading environment for Nepal-based traders. Even without local Nepali licensing, it maintains top-tier regulation abroad and supports Nepal clients with low barriers to entry, making it a solid option for international forex trading.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5 Best Forex in Nepal – Head to Head
| Tight spreads and flexible accounts. Fast, easy deposits and withdrawals. High liquidity and reliable execution. | |  |
| Ultra-low ECN spreads. Lightning-fast execution. MT4, MT5, and cTrader supported. | | |
| Low costs and fast trades. Excellent MT4/MT5/cTrader options. Supports automated and scalping strategies. | | |
 | Only $5 minimum deposit. Multiple beginner friendly accounts. Strong education and research tools. | | |
 | Top-tier global regulation. Low spreads and fast execution. Advanced tools like Autochartist. | | |
Forex Trading in Nepal – A Quick Overview
Forex trading in Nepal is not locally regulated, and the Nepal Rastra Bank restricts domestic forex operations. However, Nepali traders can access international brokers that accept Nepali residents. Traders can participate in global forex, commodities, indices, and crypto markets using USD or EUR accounts, often through online platforms like MT4 or MT5.
International brokers provide strong regulation, competitive spreads, and flexible leverage, allowing Nepal-based traders to engage in global trading safely.
Pros and Cons of Forex Trading in Nepal
| ✓ Pros | ✕ Cons |
| Access to global markets | No local regulatory oversight |
| Wide range of instruments | Currency conversion needed |
| High leverage options | Trading risks are high |
| Advanced platforms available | Local support limited |
| Low entry barriers | Potential account restrictions |
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In Conclusion
Forex trading in Nepal is accessible through internationally regulated brokers despite the lack of local licensing. Traders benefit from global market access, multiple instruments, and advanced platforms, but they must consider risks, currency conversion costs, and the absence of local investor protection. Responsible trading and proper risk management are essential.
Faq
Yes. Nepali traders can legally trade with international brokers, but local regulation does not cover these trades.
Nepali traders can use globally regulated brokers such as Exness, IC Markets, Pepperstone, XM, and Axi.
Traders usually use USD or EUR accounts since NPR is rarely supported by international brokers.
Yes. Brokers offer leverage up to 1:500 or higher, depending on account type and international regulations.
Yes. Risks include high leverage, no local investor protection, currency conversion costs, and market volatility.
