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10 Best Forex Brokers in Nepal

Last Update: June 26th, 2024

Best Forex Brokers in Nepal

 

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:

 

 

and much, MUCH more!

 

The Best Forex Brokers in Nepal

 

10 Best Forex Brokers in Nepal – a Comparison

 

🔎 Broker🚀Open an Account🥇 Accepts Nepali Traders💶 Min. Deposit (NPR)
🥇 Exness👉 Click Here✅Yes1332,25
🥈 Octa👉 Click Here✅Yes3330,62
🥉 IC Markets👉 Click Here✅Yes26644,92
🏅 Tickmill👉 Click Here✅Yes13322,46
🎖️ Moneta Markets👉 Click Here✅Yes6661,23
🥇 Pepperstone👉 Click Here✅Yes17283,89
🥈 FP Markets👉 Click Here✅Yes8641,95
🥉 AvaTrade👉 Click Here✅Yes13322,46
🏅 XTB👉 Click Here✅YesNone
🎖️ XM👉 Click Here✅Yes666,12

 

10 Best Forex Brokers in Nepal (2024)

 

  1. ☑️ Exness – Overall, the Best Forex Broker in Nepal.
  2. ☑️ Octa – Licensed by the Nepal Bank Limited.
  3. ☑️ IC Markets – Best Forex Broker for Commodities Trading.
  4. ☑️ Tickmill – Rich selection of currency pairs.
  5. ☑️ Moneta Markets – Easy and quick account opening.
  6. ☑️ Pepperstone – Low Withdrawal Fee Forex Broker.
  7. ☑️ FP Markets – Two Mobile Apps – MT5 and Proprietary.
  8. ☑️ AvaTradeMT4 plugins and Capitalise AI for code-free algorithmic trading.
  9. ☑️ XTB – Best Forex Broker for Beginners in Nepal.
  10. ☑️ XM – Excellent all-round offering.

 

Exness Review

 

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 Deposit10 USD
📈 SpreadsFrom 0.0 pips EUR
📉 LeverageUnlimited
🪙 Currency Pairs100+
🤝 Affiliate Program✅Yes
🚀 Open an Account
👉 Click Here

 

Exness

 

Pros and Cons

✅ Pros❌ Cons
Flexible trading accountsDemo account is only valid for 21 days
Well-regulated + Comprehensive fund protectionLimited product portfolio
Powerful trading platformsCountry 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 Review

 

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 Deposit25 USD
4️⃣ Ease of Use Rating4/5
🎁 Bonuses✅Yes
🪙 Currency Pairs35, Major, Minor, Exotic Pairs
🚀 Open an Account
👉 Click Here

 

Octa

 

Pros and Cons

✅ Pros❌ Cons
Powerful trading platformsNo Tier-1 Regulations
Diverse set of trading instrumentsDemo Account expires after 30 Days

 

Our Insights

Trading Platforms are user-friendly, and Customer support is top-tier.

 

IC Markets Review

 

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 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

All Traders will benefit from Affordable forex and CFD trading costs. However, the Minimum deposit is high.

 

Tickmill Review

 

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 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

Tickmill suits all traders. It provides multiple account options, including commission-free options.

 

Moneta Markets Review

 

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 Year2019
📉 Regulation and LicensesFSCA, FSA Seychelles, CIMA, ASIC
📊 Ease of Use Rating4/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsPRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App
📌 Account TypesDirect STP, Prime ECN, Ultra ECN
💴 Base CurrenciesAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL
📍 SpreadsFrom 0.0 pips
💹 Leverage1:1000
💵 Currency Pairs44; major, minor, and exotic pairs
💶 Minimum Deposit50 USD
💷 Inactivity FeeNone
🔊 Website LanguagesEnglish, French, German, Spanish, Vietnamese, Thai, Russian, Arabic, Portuguese, Chinese, etc.
🪙 Fees and CommissionsSpreads from 0.0 pips, commissions from $6 round turn
🤝 Affiliate Program✅Yes
❎ Banned CountriesUnited States, Canada, Hong Kong
📈 Scalping✅Yes
📉 Hedging✅Yes
📐 Trading InstrumentsForex, commodities, indices, shares, ETFs, bonds, cryptocurrencies
🚀 Open an Account👉 Click Here

 

Moneta Markets Review

 

Pros and Cons

✅ Pros❌ Cons
1,000+ tradable assets, including forexSome account types may have volume constraints
Multilingual supportLimited Education

 

Our Insights

Beginners will benefit from 24/7 Multilingual Customer Support. Moreover, Competitive spreads and commissions will appeal to established traders.

 

Pepperstone Review

 

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 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

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

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 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 broker separates customer funds from corporate funds. Beginners will benefit from instructional tools, demo accounts, and user-friendly platforms.

 

Commodities Trading in Nepal

 

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.

 

Commodities Trading in Nepal

 

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.

 

Is Forex Trading Legal in Nepal?

 

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.

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 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.

 

You might also like:

 

Exness Review

Octa Review

IC Markets Review

Tickmill Review

Moneta Markets Review

 

FAQs

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

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