10 Best Forex Brokers in Nepal
Last Update: June 26th, 2024
The 10 Best Forex Brokers in Nepal – Rated and Reviewed. We have listed the Top 10 Forex Brokers accepting Nepalese Traders.
In this in-depth guide you will learn:
- The Best Forex Brokers in Nepal – a List
- Which broker is best in Nepal for forex trading?
- Which platform is best for trading in Nepal?
- Does Exness work in Nepal?
- How to invest in forex in Nepal?
- Which is the best commodity broker in Nepal?
- How to start forex trading from Nepal
- Best MT4/MT5 Forex Brokers for Beginners
and much, MUCH more!
10 Best Forex Brokers in Nepal – a Comparison
| 🔎 Broker | 🚀Open an Account | 🥇 Accepts Nepali Traders | 💶 Min. Deposit (NPR) |
| 🥇 Exness | 👉 Click Here | ✅Yes | 1332,25 |
| 🥈 Octa | 👉 Click Here | ✅Yes | 3330,62 |
| 🥉 IC Markets | 👉 Click Here | ✅Yes | 26644,92 |
| 🏅 Tickmill | 👉 Click Here | ✅Yes | 13322,46 |
| 🎖️ Moneta Markets | 👉 Click Here | ✅Yes | 6661,23 |
| 🥇 Pepperstone | 👉 Click Here | ✅Yes | 17283,89 |
| 🥈 FP Markets | 👉 Click Here | ✅Yes | 8641,95 |
| 🥉 AvaTrade | 👉 Click Here | ✅Yes | 13322,46 |
| 🏅 XTB | 👉 Click Here | ✅Yes | None |
| 🎖️ XM | 👉 Click Here | ✅Yes | 666,12 |
10 Best Forex Brokers in Nepal (2024)
- ☑️ Exness – Overall, the Best Forex Broker in Nepal.
- ☑️ Octa – Licensed by the Nepal Bank Limited.
- ☑️ IC Markets – Best Forex Broker for Commodities Trading.
- ☑️ Tickmill – Rich selection of currency pairs.
- ☑️ Moneta Markets – Easy and quick account opening.
- ☑️ Pepperstone – Low Withdrawal Fee Forex Broker.
- ☑️ FP Markets – Two Mobile Apps – MT5 and Proprietary.
- ☑️ AvaTrade – MT4 plugins and Capitalise AI for code-free algorithmic trading.
- ☑️ XTB – Best Forex Broker for Beginners in Nepal.
- ☑️ XM – Excellent all-round offering.
Exness
Exness is a trustworthy and highly regulated Forex Broker. It provides a diverse portfolio of financial assets and reliable trading platforms. Regulatory agencies include FSCA, CySEC, FCA, and CMA.
The minimum deposit is 10 USD.
| 🔎 Broker | 🥇 Exness |
| 💴 Minimum Deposit | 10 USD |
| 📈 Spreads | From 0.0 pips EUR |
| 📉 Leverage | Unlimited |
| 🪙 Currency Pairs | 100+ |
| 🤝 Affiliate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Flexible trading accounts | Demo account is only valid for 21 days |
| Well-regulated + Comprehensive fund protection | Limited product portfolio |
| Powerful trading platforms | Country Restrictions |
Our Insights
Accounts available are tailored to suit novice and experienced traders. Traders of all levels will benefit from the Standard Account. Moreover, Beginners can select a Standard Cent Account with low-risk trading conditions.
Octa
Octa is a trustworthy and highly regulated Forex Broker. Moreover, it provides market-leading conditions. Trading Platforms include OctaTrader, MetaTrader 4, and, MetaTrader 5.
The Minimum deposit is 25 USD.
| 🔎 Broker | 🥇 Octa |
| 💵 Minimum Deposit | 25 USD |
| 4️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅Yes |
| 🪙 Currency Pairs | 35, Major, Minor, Exotic Pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Powerful trading platforms | No Tier-1 Regulations |
| Diverse set of trading instruments | Demo Account expires after 30 Days |
Our Insights
Trading Platforms are user-friendly, and Customer support is top-tier.
IC Markets
IC Markets operates under the oversight of various major financial authorities including ASIC, CySEC, and the FSA. Accounts available include cTrader, Raw Spread, Standard, Islamic, and Demo.
The Minimum deposit is 200 USD.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
All Traders will benefit from Affordable forex and CFD trading costs. However, the Minimum deposit is high.
Tickmill
Tickmill is a prominent forex and CFD broker licensed by several respectable financial regulators. Additional Security measures include SSL encryption and segregated client accounts.
Moreover, Tickmill provides leverage of up to 1:500. The Minimum deposit is 100 USD.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
Tickmill suits all traders. It provides multiple account options, including commission-free options.
Moneta Markets
Moneta Markets is an established Forex Broker that provides 1,000+ tradable assets, including forex, commodities, indices, and, share CFDs. Moreover, it is regulated by renowned agencies, including ASIC and FSCA.
The Minimum deposit is 50 USD.
| 🔎 Broker | 🥇 Moneta Markets |
| 📈 Established Year | 2019 |
| 📉 Regulation and Licenses | FSCA, FSA Seychelles, CIMA, ASIC |
| 📊 Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App |
| 📌 Account Types | Direct STP, Prime ECN, Ultra ECN |
| 💴 Base Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL |
| 📍 Spreads | From 0.0 pips |
| 💹 Leverage | 1:1000 |
| 💵 Currency Pairs | 44; major, minor, and exotic pairs |
| 💶 Minimum Deposit | 50 USD |
| 💷 Inactivity Fee | None |
| 🔊 Website Languages | English, French, German, Spanish, Vietnamese, Thai, Russian, Arabic, Portuguese, Chinese, etc. |
| 🪙 Fees and Commissions | Spreads from 0.0 pips, commissions from $6 round turn |
| 🤝 Affiliate Program | ✅Yes |
| ❎ Banned Countries | United States, Canada, Hong Kong |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📐 Trading Instruments | Forex, commodities, indices, shares, ETFs, bonds, cryptocurrencies |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| 1,000+ tradable assets, including forex | Some account types may have volume constraints |
| Multilingual support | Limited Education |
| Tight Spreads | No Negative Balance Protection |
| No deposit or withdrawal fees | Inconsistencies reported in customer support quality. |
| Strong Regulation | Limited Product Range |
| MetaTrader 4 and 5 | Limited Account Types |
Our Insights
Beginners will benefit from 24/7 Multilingual Customer Support. Moreover, Competitive spreads and commissions will appeal to established traders.
Pepperstone
Pepperstone is a prominent Forex and CFD broker. It provides access to segregated bank accounts and negative balance protection. Accounts include Standard, Razor, Islamic, and, Demo.
The minimum deposit is AU$200.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
Pepperstone provides responsive and friendly customer service. Moreover, Traders are not charged for account inactivity. However. the minimum deposit of AU$200 is high.
FP Markets
FP Markets is a trustworthy, highly regulated Forex Broker. It provides a competitive price structure and access to 10,000+ trading products. Moreover, FP Markets delivers 24/7 customer support.
The minimum deposit is AU$100.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
The broker separates customer funds from corporate funds. Beginners will benefit from instructional tools, demo accounts, and user-friendly platforms.
Commodities Trading in Nepal
The Securities Board of Nepal (Sebon) permits commodity traders to invest in selected types of goods on the commodities exchange. Commodities permitted include:
- Agriculture Products
- Metals
- Precious Metals
- Mineral Oils
- Edible Oils
Moreover, commodity traders can invest in coconut, palm, mustard, soybean, sunflower, and linseed oils under the edible oils category.
Agricultural products include cotton, cardamom, chili, cashew nut, sugarcane, buckwheat, and, mustard. Metals permitted are aluminum, copper, lead, nickel, tin, and, brass.
Precious metals include gold, silver, and platinum.
Is Forex Trading Legal in Nepal?
Forex Trading is Legal in Nepal. Moreover, it falls under the restrictions and regulations of Nepal Rastra Bank. However, it should be noted that crypto Trading is labeled as illegal in the country.
In Conclusion
Trading Forex is legal and regulated in Nepal. Moreover, restrictions are imposed by the Nepal Rastra Bank. Investors who choose to trade must adhere to a strict legal framework. Furthermore, illegal forex trading will lead to severe consequences.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
In the process of reviewing the Best Forex Brokers that accept Nepalese Traders, we found 10 excellent options. Each broker has its list of Benefits, ranging from commodity options to Multiple account types. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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The minimum deposit to open an Exness Standard Cent Account is 10 USD.
The Nepal Rastra Bank has issued multiple warnings against crypto trading in the country. Furthermore, it is labeled as illegal in Nepal.
Exness provides 24/7 Customer Support
MetaTrader 4, MetaTrader 5, and OctaTrader
FP Markets offers leverage of up to 1:500.
Standard, Razor, Demo, and, Islamic.
44 major, minor, and exotic pairs
ASIC, CySEC, FSA, and the SCB regulate Tickmill.
Top Forex Brokers in Nepal include Exness, Tickmill, and, Pepperstone.
Octa accepts Nepali Traders. Moreover, it is licensed by the Nepal Rastra Bank.
Exness offers an array of features to Nepali traders
Alerts
Rates
Calendar
Signals
Top Broker