10 Best Forex Brokers in Nepal ☑️ Updated 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
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. Moreover, 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.
Pros and Cons
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.
Pros and Cons
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.
Pros and Cons
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.
Pros and Cons
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.
Pros and Cons
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.
Pros and Cons
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.
Pros and Cons
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.
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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Frequently Asked Questions
Does Exness work in Nepal?
Exness offers an array of features to Nepali traders.
Does Octa accept Nepali Traders?
Octa accepts Nepali Traders. Moreover, it is licensed by the Nepal Rastra Bank.
Which broker is best in Nepal for forex trading?
Top Forex Brokers in Nepal include Exness, Tickmill, and, Pepperstone.
Who regulates Tickmill?
ASIC, CySEC, FSA, and the SCB regulate Tickmill.
How many currency pairs does Moneta Markets offer?
44 major, minor, and exotic pairs
How many Account types does Pepperstone offer?
Standard, Razor, Demo, and, Islamic.
Does FP Markets offer Leverage?
FP Markets offers leverage of up to 1:500.
Does Exness provide Customer Support?
Exness provides 24/7 Customer Support.
What trading Platforms do Octa offer?
MetaTrader 4, MetaTrader 5, and OctaTrader.
Can I trade Crypto in Nepal?
The Nepal Rastra Bank has issued multiple warnings against crypto trading in the country. Furthermore, it is labeled as illegal in Nepal.
What is the minimum deposit to open an Exness Standard Cent Account?
The minimum deposit to open an Exness Standard Cent Account is 10 USD.
