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10 Best Forex Brokers in Venezuela

Edited by: Louis Schoeman

Venezuela

 

The 10 Best Forex Brokers in Venezuela – Rated and Reviewed. We have listed the Best Forex Brokers that accept traders in Venezuela.

In this in-depth guide, you will learn:

  • The Best Forex Brokers in Venezuela – a List
  • The Best Venezuelan Brokers for Beginners and Foreigners
  • The Best MetaTrader 4 and MetaTrader 5 Forex Brokers
  • Is Forex Trading Legal in Venezuela?

and much, MUCH more!

 

Best Forex Brokers in Venezuela

 

10 Best Forex Brokers in Venezuela – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Venezuelan Traders💴 Min. Deposit
🥇 IC Markets👉 Click Here✅Yes200 USD
🥈 FP Markets👉 Click Here✅YesAU$100
🥉 Tickmill👉 Click Here✅Yes100 USD
🏅 Axi👉 Click Here✅YesNone
🎖️ Admirals👉 Click Here✅Yes25 USD
🥇 Interactive Brokers👉 Click Here✅YesNone
🥈 FXCM👉 Click Here✅Yes50 USD
🥉 XTB👉 Click Here✅YesNone
🏅 XM👉 Click Here✅Yes5 USD
🎖️ AvaTrade👉 Click Here✅Yes100 USD

 

10 Best Forex Brokers in Venezuela (2024)

  1. ☑️ IC Markets – Overall, the Best Forex Broker in Venezuela
  2. ☑️ FP Markets – Best MT4/MT5 Forex Brokers
  3. ☑️ Tickmill – Top Commodities Broker
  4. ☑️ Axi – Best Pricing and Trade Execution
  5. ☑️ Admirals – Excellent Education and Research
  6. ☑️ Interactive Brokers – Best Forex Broker for Professionals
  7. ☑️ FXCMAlgorithmic Trading Solutions
  8. ☑️ XTB – Popular Broker for Beginners
  9. ☑️ XM – Best Forex Broker for Foreigners
  10. ☑️ AvaTrade – 1000+ CFDs with competitive spreads

 

IC Markets Review

 

IC Markets

IC Markets is a trustworthy and highly regulated Forex Broker. It is best known for competitive trading fees and an extensive range of financial instruments. ASIC, CySEC, FSA, and, the SCB regulate it.

Accounts available are cTrader, Raw Spread, Standard, Demo, and, Islamic. The minimum deposit is 200 USD. The Accounts suit the following traders:

  • cTrader – Suits Traders seeking advanced technical complexity and fast execution speed.
  • Raw Spread – Appeals to traders prioritizing minimal spread charges.
  • Standard – A more conventional option incorporating commission costs in the spread.
  • Demo – Provides a virtual trading environment
  • Islamic – Swap-Free Trading Account

 

Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. The following Trading Instruments and Products are available:

  • 64 currency pairings for trading
  • 22 commodities
  • 25 indices
  • 11 distinct bond instruments
  • 18 cryptocurrency alternatives
  • 1,600 stocks

Moreover, four futures contracts are provided.

🔎 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

The benefits of trading with IC Markets include Multiple Deposit Options, Educational resources, and, trusted customer support.

 

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.  ASIC, CySEC, FSCA, FSA, and the FSC regulate it.

Accounts offered are Standard, Raw, Islamic Standard, Islamic Raw, and Demo. The minimum deposit is AU$100. Trading Platforms available are MetaTrader 4, MetaTrader 5, IRESS, cTrader, and a proprietary trading app.

IRESS is a trading platform focused on Australian equities whereas cTrader suites traders who prioritize algorithmic trading solutions.

The following trading instruments and products are offered:

  • 70 currency pairings
  • More than 10,000 Direct Market Access (DMA)
  • 3 precious metals
  • 4 energy commodities
  • 17 indices
  • 11 cryptocurrencies
  • 2 separate bonds
  • Moreover, 5 agricultural commodities are accessible.
🔎 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 SpreadsWithdrawal fees apply
There are low forex feesNo sign-up or no-deposit bonus

 

Our Insights

The benefits of trading with FP Markets include Tight Spreads, multiple trading platforms, and dedicated customer support.

 

Tickmill Review

 

Tickmill

Tickmill is a trustworthy and highly regulated online Forex and CFD Broker. It is best known for cost-effectiveness, tight spreads, and a low commission structure. The Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA regulate it.

Accounts offered are VIP, Classic, Pro, Islamic, and, Demo. Base Currencies include USD, EUR, GBP, and, PLN. The minimum deposit is 100 USD.

Trading platforms offered are MetaTrader 4, MetaTrader 5, and, a proprietary trading app. The following trading instruments and products are offered:

  • 62 currency pairings
  • 23 Indices
  • 3 energy contracts
  • 4 precious metals
  • 4 bond instruments
  • Moreover, a selection of eight cryptocurrencies is offered.
🔎 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

The Benefits of trading with Tickmill include Crypro trading, Educational Webinar/Seminars, and, excellent customer support.

 

Axi Review

 

Axi

Axi is a trustworthy Forex Broker that provides a highly competitive starting spread. ASIC, SVG FSA, FCA, FMA, and, the DFSA regulate it. Accounts offered are Standard, Pro, Elite, Islamic, and, Demo. No minimum deposit is required.

Trading Platforms available are MetaTrader 4. The following trading instruments and products are on offer:

  • 70 currency pairings
  • 100+ CFDs
  • 31 indices
  • 16 commodities
  • 4 separate oil markets
  • 7 precious metals
  • 35 cryptocurrencies

Moreover, multiple trusted deposit options and withdrawal methods are offered.

🔎 Broker🥇 Axi
💴 Minimum Deposit0 USD
💵 Inactivity Fee✅Yes
💝 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4
🚀 Open an Account
👉 Click Here

 

Axi Overview

 

Pros and Cons

✅ Pros❌ Cons
Axi is regulated by top-tier agenciesOnly MetaTrader 4 is available
Axi provides standard, professional, and advanced accountsAxi does not have a proprietary trading platform
Axi supports the use of MetaTrader 4 across devicesCrypto withdrawals are not available
Users can trade forex and CFDs on equities, indices, commodities, and CryptoAxi restricts customers from the United States and other regions

 

Our Insights

The benefits of trading with Axi include Educational Resources and trusted customer support.

 

Admirals Review

 

Admirals

Admirals is a trusted and highly regulated Forex Broker with competitive trading fees. The FCA, ASIC, CySEC, JSC, FSCA, FSA, and, the CMA regulate it. Accounts offered are Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5, Islamic, and, Demo. The minimum deposit is 25 USD.

Trading platforms include MetaTrader 4, MetaTrader 5, and, a proprietary trading app. Moreover, Scalping and Hedging are allowed. The following trading instruments and products are available:

  • 80+ currency pairings
  • 42+ cryptocurrencies
  • 29+ commodities
  • 40+ indices are accessible for trading.
  • Over 4,500 equities
  • More than 400 ETFs

Additionally, Admirals offer trading on two bond CFDs.

🔎Broker🥇Admirals
💴Minimum Deposit25 USD
🎉Established Year2001
⏰Support Hours24/5
💻Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals App
📈Account TypesTrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5
🚀 Open an Account
👉 Click Here

 

Admirals

 

Pros and Cons

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalNo 24/7 customer service

 

Our Insights

The Benefits of Trading with Admirals include multiple trading accounts and zero-pip spreads on certain accounts and instruments.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is one of the highest-regulated and Trusted Forex and CFD brokers in the world. Nine Tier-1 Regulators govern it. Accounts available include IBKR Pro, IBKR Lite, Demo, and, Islamic. No Minimum deposit is required.

Trading platforms offered are:

  • IBKR Trader WorkStation
  • IBKR Desktop
  • IBKR Mobile
  • IBKR GlobalTrader
  • IBKR Client Portal
  • IBKR APIs
  • IBKR Impact

The IBKR Trader Workstation (TWS) provides a wide range of tools and capabilities, whereas IBKR Impact is a mobile app.

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers

 

Pros and Cons

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

The Benefits of trading with Interactive Brokers include a wide range of well-designed trading platforms and outstanding customer support.

 

FXCM Review

 

FXCM

FXCM is a well-regulated and trusted Forex and CFDs Broker. The FCA, ASIC, CySEC, and, the FSCA regulated it. The minimum deposit is 50 USD.

Trading Platforms available are Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, ZuluTrade, and,  a proprietary trading app. Trading Station is a proprietary platform whereas TradingView Pro offers advanced charting capabilities and social networking features.

🔍 Broker🥇 FXCM
💵 Minimum Deposit50 USD
4️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes
🕰️ Support Hours24/5
🚀 Open an Account👉 Click Here

 

FXCM

 

Pros and Cons

✅ Pros❌ Cons
Multitude of educational materialsHigh Currency conversion fees
Multiple Account TypesNarrow asset portfolio
24-hour multilingual customerLimited Trading Platforms

 

Our Insights

The Benefits of trading with FXCM include Trusted Deposit and Withdrawal options, Multiple Trading Platforms, and, impressive customer support.

 

XTB Review

 

XTB

XTB is a Reliable and Respected Forex and CFDs Broker. The FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC regulate it. Accounts offered are Standard, Swap-Free, and, Demo. No deposit is required, however – a Deposit Bonus is available.

Trading Platforms available are xStation and xSTation Mobile. Educational resources include access to a trading academy.

🔍 Broker🥇 XTB
📌 Year Founded2002
👤 Amount of StaffApproximately 2,000
👥 Amount of Active TradersOver 500,000
📍 Publicly TradedWarsaw Stock Exchange
📈 RegulationFCA,
KNF,
IFSC,
CySEC
🌎 Country of RegulationUK (FCA),
Poland (KNF)
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💰 Minor Account CurrenciesMajor,
Minor
💴 Minimum DepositVaries by account type
⚡ Average Deposit/Withdrawal Processing Time1-3 business days
💶 Fund Withdrawal FeeNone
📐 Spreads FromFrom 0.1 pips
💶 CommissionsVariable
💵 Number of Base Currencies Supported30+
💷 Swap Fees✅Yes
🔖 LeverageUp to 1:500
🏷️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖇️ Order Execution Time SecondsMilliseconds -
🖥️ VPS HostingSelect accounts
📈 CFDs TotalOver 2,000
📉 CFD Stock IndicesMajor global indices
🍎 CFD CommoditiesOil, gold, etc.
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets, etc.
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets, etc.
🖱️ Trading PlatformsxStation 5
⭐ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex Trading ToolsCharting tools,
technical analysis
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
🚩 Languages SupportedMultiple languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
tutorials, etc.
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous global partners
🫰🏻 IB Program✅Yes
🔖 Notable Events or Teams✅Yes
🏷️ Rebate Program✅Yes
🚀 Open an Account👉 Click Here

 

XTB

 

Pros and Cons

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

The benefits of trading with XTB include Bonus offers and trusted customer support.

 

XM Review

 

XM

XM is a highly regulated Forex Broker that offers access to currency pairs and excellent customer support. The Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC) regulate it.

Accounts offered are Micro, Standard, Ultra-Low, Shares, Islamic, and Demo. The minimum deposit is 5 USD. Trading Platforms available are MetaTrader 4, MetaTrader 5, and a priority trading app.

The following trading instruments and products are available:

  • 31 cryptocurrencies
  • 1,337 stock CFDs
  • 8 commodities
  • 20 equity indices
  • 5 precious metals
  • 8 distinct energy commodities

Additionally, the platform provides direct access to 100 individual shares.

🔎 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

The benefits of trading with XM include additional safety measures, multiple account options, and, trusted customer support.

 

AvaTrade Review New

 

AvaTrade

AvaTrade is a trustworthy and highly regulated Forex Broker with competitive trading fees. The CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and, IIROC regulate it. Account types available are Standard, Islamic, Professional, and, Demo. The minimum deposit is 100 USD.

Trading Platforms include AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and,  ZuluTrade.

🔎 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

The benefits of trading with AvaTrade include Educational Resources and Trusted Customer Support.

 

Forex in Venezuela

 

Is Forex Trading Legal in Venezuela?

Forex Trading is legal in Venezuela. Moreover, it is regulated by the Central Bank of Venezuela (BCV).

 

Is Forex Trading Legal in Venezuela?

 

In Conclusion

Forex Trading is legal in Venezuela. Moreover, it is regulated by the Central Bank of Venezuela (BCV). Multiple International Brokers accept Venezuelan Traders. However, the Venezuelan bolívar is not an accepted base currency.

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 ReviewFSC, FSA, VFSCUSD 10Visit 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 Venezuelan Traders, we found 10 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.

 

You might also like:

Faq

They provide platforms such as ZuluTrade and DupliTrade.

Withdrawals take 24 hours to process

No minimum deposit is required.

It provides CFDs for Bitcoin and other major cryptocurrencies.

IBKR is located in the United States

Admirals do not currently allow fractional share purchases.

Axi offers swap-free accounts.

MetaTrader 4 and MetaTrader 5.

FP Markets is regulated by top-tier agencies such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

IC Markets’ minimum deposit varies based on the financing type used. bank transfers and credit/debit cards start at 200 USD.

It is regulated by the Central Bank of Venezuela (BCV).

Forex Trading is legal in Venezuela.

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