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6 Best Forex Brokers in Nicaragua

Last Update: June 26th, 2024

Forex Brokers Nicaragua

 

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

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Nicaragua – a List
  • The Highest Rated Forex Brokers for Beginners
  • Leading Forex Brokers for Foreigners
  • The Best MetaTrader 4 and MetaTrader 5 Forex Brokers
  • Is Forex Trading legal in Nicaragua

 

and much, MUCH more!

 

6 Best Forex Brokers in Nicaragua

 

6 Best Forex Brokers in Nicaragua – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💴 Min. Deposit (NIO)
🥇 Trade Nation👉 Click Here✅YesNone
🥈 Vantage 👉 Click Here✅Yes1840,32
🥉 IC Markets👉 Click Here✅Yes7361,30
🏅 TMGM👉 Click Here✅Yes3680,65
🎖️ IG👉 Click Here✅Yes1840,32
🏆 FP Markets👉 Click Here ✅Yes2441,17

 

6 Best Forex Brokers in Nicaragua (2024)

 

  1. ☑️ Trade Nation – Overall, the Best Forex Broker in Nicaragua
  2. ☑️ Vantage – High User Trust Score
  3. ☑️ IC Markets – Best Mobile Trading Experience
  4. ☑️ TMGM – Best Online Trading Experience
  5. ☑️ IG -Low NIO Minimum Deposit
  6. ☑️ FP Markets – The Best MT4 and MT5 Forex Broker

 

Trade Nation Review

 

Trade Nation

Trade Nation is a well-regarded Forex and CFD Broker with a trust score of 90 out of 99. License and Regulations include the FCA, ASIC, FSCA, SCB, and, the FSA. Accounts available include:

 

  • Low Leverage Account: Available to EU, UK, and Australian Traders
  • High Leverage Account: Available to Bahama and South African Traders

 

Trading Platforms supported include MetaTrader 4 and a Proprietary Trading Platform. Several trusted deposit options are accepted, including Credit Cards, Debit Cards, and, Bank Wire Transfers. Notable Factors and Features include:

 

  • 24/5 Multilingual Customer Support
  • Spreads from 0.3 Pips EUR/USD
  • Leverage of up to 1:30 FCA and ASIC
  • Leverage of up to 1:200 FSCA and SCB
  • No Minimum deposit is required

 

Trading Instruments and Products include Forex pairings, indices, and commodities.

 

🔍 Broker🥇Trade Nation
💵 Minimum Deposit0 USD
4️⃣ Ease of use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

Trade Nation Overview

 

Pros and Cons

 

✅ Pros❌ Cons
TradeStation has low intraday margins of 10%There is a deep learning curve for beginner traders
Commissions start from $0.50 on Micro E-Mini FuturesInactivity fees are charged
TradeStation offers several trading options on futuresThere are limits to fundamental research
Traders can access TradeStation matrix for order entriesSubscription costs apply

 

Our Insights

The benefits of trading with Trade Nation include impressive educational resources, including Articles, Tutorials, and, Trading Guides.

 

Vantage Review

 

Vantage

Vantage, previously known as VantageFX and Vantage Markets, is a highly trusted, regulated multi-asset broker. Regulations by acclaimed and trusted agencies include CIMA, VFSC, FSCA, and, ASIC. Account Options include:

 

  • Standard STP Account – Best Suited to Beginners and Casual traders
  • Raw ECN – Ideal for Scalpers and Day Traders
  • PRO ECN – Best Suited to Professional Traders

 

Moreover, Islamic, Swap-Free Trading, and a Demo Account are available. Supported Trading Platforms include MetaTrader 4, MetaTrader 5, ProTrader, Vantage App, Vantage Copy Trading, ZuluTrade, DupliTrade, and, Myfxbook AutoTrade. Notable features include:

 

  • Multiple Base Currencies, including EUR and USD
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • Access to over 40 Currency Pairs

 

Trading instruments and Products include Forex, Indices, Metals, Soft commodities, Energies, ETFs, Share CFDs, Bonds, and, Crypto CFDs

 

🔍 Broker🥇 Vantage Markets
💵 Minimum Deposit50 USD
4️⃣ Ease of use Rating4/5
🎁 Bonuses✅ Yes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

Vantage Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
Narrow spreads on the ECN accountsSome payment methods might incur withdrawal fees
Fast transaction execution while minimizing slippage in turbulent marketsSome services and product offers may be restricted by Location
Traders can use webinars, market analysis, and other instructional resourcesShare CFD trading expenses may be higher than those of certain rivals

 

Our Insights

The benefits of Trading with Vantage include access to Narrow spreads and lower overall trading costs on the ECN Account.

 

IC Markets Review

 

IC Markets

IC Markets is a renowned online retail forex and CFD broker. Moreover, it has a trust score of 94 out of 99. License and Regulations include ASIC, CySEC, FSA, and, the SCB. Account Options include:

 

  • cTrader Account  – Suited to All Traders using the cTrader Platform.
  • Raw Spread Account – Best Suited to Scalpers, Day Traders, and, Active Traders.
  • Standard Account – Ideal for Beginners and Casual Traders.

 

Moreover, Islamic and Demo Trading is supported. Trading Platforms supported are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. In addition, Copy and Social Trading are available. Notable Factors include:

 

  • 24/7 Multilingual Customer Support
  • Several Base Currencies, including AUD and SGD
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • Access to over 60 Currency Pairs

 

Funding Options include Neteller, Skrill, Bank Wire Transfers, and, UnionPay. 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

Broker Benefits of selecting IC Markets include access to a Comprehensive Education and Research Selection.

 

TMGM Review

 

TMGM

TMGM is a popular and well-regulated Forex and CFD Broker. License and Regulations include ASIC, FMA, and, the VFSC. Accounts available include:

 

  • Classic Account – Ideal for Beginners
  • Edge Account – Ideal for Scalpers
  • IRESS Standard Account – Ideal for Casual Traders
  • IRESS Premium Account – Ideal for experienced traders and Investors
  • Iress Gold Account – Ideal for Professionals

 

Moreover, Islamic, Swap-Free Trading, and a Demo Account are available. Supported Trading Platforms include MetaTrader 4, MetaTrader 5, IRESS, and, HUBx. Notable features include:

 

  • Multiple Base Currencies, including USD and EUR
  • Spreads from 0.0 Pips
  • Leverage of up to 1:1000
  • Over 50 Currency Pairs

 

Trading instruments and Products include Forex, metals, shares, energies, crypto CFDs, and, indices.

 

🔍 Broker🥇TMGM
💵 Minimum Deposit100 USD
4️⃣ Ease of use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

TMGM Review

 

Pros and Cons

 

✅ Pros❌ Cons
Quick order execution + little slippageRestricted Proprietary Platforms
MT4 and MT5Limited Demo Account

 

Our Insights

The benefits of trading with TMGM include 24/7 Multilingual, prompt, and Friendly Customer Support.

 

IG Review

 

IG

IG is amongst the highest regulated and trusted Global Brokerage Firms. License and Regulations include FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, the BMA. Accounts available are:

 

  • CFD/DMA Trading Account – Available in All Regions
  • Limited Risk Trading Account – Available in the EU
  • Options Trading Account – Available in the EU
  • Turbo24 Trading Account – Available in the EU
  • Share Dealing Account – Available in Australia
  • Spread Betting Account – Available in the United Kingdom
  • Swap-Free Trading Account – Available in Dubai

 

Supported Trading Platforms are MetaTrader 4, ProRealTime (PRT), L2 Dealer, and, FIX API. In addition, a Proprietary Mobile App is available for Download. Notable features include:

 

  • Spreads from 0.1 Pips
  • 24/7 Dedicated Customer Support
  • Access to over 8- Currency Pairs
  • Access to an Affiliate Program

 

Trading instruments and Products include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, Interest rates.

 

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

The benefits of trading with IG include access to a unique web-based platform, mobile apps, and compatibility with MetaTrader 4 (MT4).

 

FP Markets

 

FP Markets

FP Markets is a well-established, trusted, and highly regulated Forex and CFD Broker. Regulations by acclaimed and trusted agencies include ASIC, CySEC, FSCA, FSA, and, the FSC. Account Options include:

 

  • Standard Account – Suited to Beginners and Casual Traders
  • Raw Account – Ideal for Scalpers and Algorithmic Traders
  • Islamic Account – Swap-Free Option for Beginners and Casual Traders
  • Islamic Raw Account – Swap-Free Option for Scalpers and Algorithmic Traders

 

In addition, a Demo account is available. Trading Platforms supported are MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. Moreover, a Proprietary Mobile App is available. Notable Factors and Features include:

 

  • Multiple Base Currencies, including AUD, CAD, and, GBP
  • No Inactivity Fee is Charged
  • 24/7 Dedicated Customer Support
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500

 

Deposit Options accepted include FasaPay, Skrill, Neteller, Bank Transfers, and, PerfectMoney. Trading instruments and Products include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds.

 

🔎 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 Overview

 

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 multiple trading platforms, tight spreads, and, Low Forex Fees.

 

Forex Trading in Nicaragua

 

Is Forex Trading Legal in Nicaragua?

Forex Trading in Nicaragua is Legal and available without any limitation. However, there are no Foreign Exchange Controls in the country.

 

Is Forex Trading Legal in Nicaragua?

 

In Conclusion

Forex Trading in Nicaragua has seen a notable rise in popularity. Moreover, it is Legal and available without restriction. However, it is not locally regulated. To Trade Forex Legally, an Internationally Regulated Forex Broker must be selected.

 

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 Nicaraguan 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 Nicaragua is Legal and available without any limitation. However, there are no Foreign Exchange Controls in the country.

No Minimum deposit is required.

Vantage requires a minimum deposit of 50 USD.

No Inactivity Fee is Charged.

Regulations include ASIC, FMA, and, the VFSC.

Over 80 Currency Pairs, including Major, Minor, and, Exotic Pairs.

FP Markets supports MetaTrader 4 and MetaTrader 5.

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