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3 Best Forex Brokers in North Macedonia

Last Update: June 26th, 2024

Best Forex Brokers in North Macedonia

The 3 Best Forex Brokers in North Macedonia – Rated and Reviewed. We have listed the Best Forex Brokers that accept traders from North Macedonia.

 

In this in-depth guide you will learn:

  • The Best Forex Brokers in North Macedonia – a List
  • Is Forex Trading Legal in North Macedonia?
  • The Best Forex Brokers for Beginners and Foreigners
  • The Best Forex Broker for International Students
  • Low MKD Minimum Deposit Forex Brokers

and much, MUCH more!

 

3 Best Forex Brokers in North Macedonia

 

3 Best Forex Brokers in North Macedonia – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts North Macedonian Traders💶 Min. Deposit (MKD)
🥇 AvaTrade👉 Click Here✅Yes5683,89
🥈 XM👉 Click Here✅Yes284,19
🥉 BDSwiss👉 Click Here✅Yes568,39

 

3 Best Forex Brokers in North Macedonia (2024)

  1. ☑️ AvaTrade – Overall, The Best Forex Broker in North Macedonia
  2. ☑️ XM – Excellent Overall Offering
  3. ☑️ BDSwiss – Best Broker for International Students

 

AvaTrade Review New

 

AvaTrade

AvaTrade is a well-regulated, highly trusted Forex and CFD Broker. Moreover, it is regulated in the EU, Japan, Australia, South Africa, UAE, and the British Virgin Islands. In addition, accounts offered are Retail, Islamic, and, Professional. The minimum deposit is 100 USD. Notable features include:

  • A Referral Bonus is available
  • 24/7 Customer Support
  • Base Currencies accepted include ZAR, USD, GBP, and, AUD
  • Leverage of up to 1:400 (Pro Account)
  • Multilingual Website Option
  • Scalping and Hedging are allowed.

Trading Platforms offered are AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade. Moreover, Trading Instruments available are Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs.

🔎 Broker🥇 AvaTrade
💴 Minimum Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage is capped at 1:30 for retail accounts

 

Our Insights

AvaTrade is best suited to established traders. Trading and non-trading fees apply.

 

XM Review

 

XM

XM is a highly regulated and well-established Forex and CFD broker. The FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA regulate it. Moreover, accounts available are Micro, Standard, Ultra-Low, and, Shares. In addition, the minimum deposit is 5 USD. Notable features include:

  • 24/7 Customer Support
  • Access to the MetaTrader Suite
  • Base Currencies include ZAR, USD, EUR, and, GBP.
  • Multi-lingual Website Option
  • Scalping and Hedging are allowed

Furthermore, Trading Platforms available are MetaTrader 4 and MetaTrader 5. In addition, an XM Trading Platform is available. Trading Instruments include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks.

🔎 Broker🥇 XM
💴 Minimum Deposit$5 USD
🎁 Bonus Offers✅Yes
📈 Account TypesMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
⏰ Support Hours24/7
🆓 Demo Account✅Yes
🚀 Open an Account
👉 Click Here

 

XM Overview

 

Pros and Cons

✅ Pros❌ Cons
Low Minimum depositNo social trading features available
Unlimited Demo AccountInactivity Fees

 

Our Insights

XM suits traders from all experience levels. However, an inactivity fee applies.

 

BDSwiss

 

BDSwiss

BDSwiss is a highly trusted and regulated Forex and CFD Broker. CySEC, FSC, and, the FSA regulate it. In addition, accounts offered are Cent, Classic, VIP, ZeroSpread, and Islamic. Furthermore, the Minimum deposit is Low at 10 USD. Additional features include:

  • 24/5 Customer Support
  • Leverage up to 1:2000
  • Access to a Demo Account

Trading Platforms offered are MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile App is available. Trading Instruments include Forex, Commodities, Shares, Indices, and, Cryptocurrencies.

 

BDSwiss Review

 

Pros and Cons

✅ Pros❌ Cons
A wide variety of tradable itemsSpreads are somewhat higher compared to competitors
Strong instructional contentWithdrawal costs might be off-putting
Advanced trading tools are providedAccount types are limited as compared to other brokers
The trading platform's UI is user-friendlyThe research tools could be more extensive
Customer assistance is responsivePremium services incur additional expenses

 

Our Insights

BDSwiss is best suited to Established Traders. Moreover, the benefits of trading with BDSwiss include excellent Customer Support and Educational Resources.

 

The North Macedonia Denar (MKD)

 

The North Macedonia Denar (MKD)

The Noth Macedonia Denar (MKD) is the local currency. The acronym ‘MKD’ relates to a localized spelling of Makedonija.

 

Forex in North Macedonia

 

The National Bank of the Republic of Macedonia

The National Bank of the Republic of Macedonia is the central bank of Macedonia. The Functions of the National Bank include the handling and management of Foreign Exchange Reserves.

 

The National Bank of the Republic of Macedonia

 

Is Forex Trading legal in North Macedonia?

There are no legal limitations on Foreign exchange transactions in North Macedonia. Moreover, it is regulated by the National Bank of the Republic of Macedonia.

 

Is Forex Trading legal in North Macedonia?

 

In Conclusion

Leading International Forex Brokers accept Traders in North Macedonian. No legal restrictions apply. Moreover, it is well-regulated by the National Bank of the Republic of Macedonia.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit 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 North Macedonian Traders, we found 3 excellent options. Moreover, 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 can be Traded in North Macedonia. In addition, no legal limitations are set on private financial transfers, foreign exchange transactions, and capital movements.

The National Bank of the Republic of Macedonia.

The Macedonian Denar (MKD).

The South African Rand, the United States Dollar, the Great British Pound, and the Australian Dollar.

The Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC) regulate it.

24/5 Customer Support is offered.

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