10 Best Forex Brokers in the Maldives ☑️ Updated 2024*
The 10 Best Forex Brokers in the Maldives – Rated and Reviewed. We have listed the top Forex Brokers accepting Maldivian Traders,
In this in-depth guide, you will learn:
- The Best Forex Brokers in the Maldives – a List.
- Is Forex Trading Legal in the Maldives?
- The Best Forbes List Forex Brokers for Professionals.
- The Best MT4/MT5 Forex Brokers for Beginners.
- The Best Islamic, Swap-Free Forex Brokers in the Maldives.
and much, MUCH more!
10 Best Forex Brokers in the Maldives – a Comparison
10 Best Forex Brokers in the Maldives (2024)
- ☑️ Tickmill – Overall, the Best Forex Broker accepting Malivian Traders
- ☑️ IC Markets – Best Raw Spread Islamic Account
- ☑️ FP Markets – Transparent Islamic Accounts
- ☑️ Pepperstone – Best MT4/MT5 Forex Broker
- ☑️ Oanda – Best Forex Broker for Beginners
- ☑️ Admirals – Top Trading Platform for Professionals
- ☑️ XTB – Best Proprietary Platform for Islamic Traders
- ☑️ IG – Fast Approval of Islamic Accounts
- ☑️ AvaTrade – Best Islamic, Swap-Free Forex Broker
- ☑️ HF Markets – Micro and Standard Accounts
Tickmill
Tickmill is a well-established Forex and CFD Forex providing an Islamic, Swap-Free Account. Moreover, It provides Pro, Classic, VIP, and, Demo Accounts.
MetaTrader4, MetaTrader5, and, Mobile Trading are offered. The minimum deposit is 100 USD.
Pros and Cons
Our Insights
Tickmill suits all Brokers. Moreover, Beginners can benefit from Commission-free accounts, Demo Accounts, and, Educational Materials.
IC Markets
IC Markets is a trusted Forex Broker that operates under strict regulation. Accounts offered are cTrader, Raw Spread, Standard, and, Islamic.
Moreover, the Islamic Account is paired with MetaTrader 4 and MetaTrader 5. The minimum deposit is 200 USD.
Pros and Cons
Our Insights
IC Markets best suite Professional Traders. It offers an impressive range of trading platforms. However, the 200 USD Minimum Deposit is High.
FP Markets
FP Markets provides over 10,000 trading products, including Forex, indices, commodities, stocks, and cryptocurrencies. Moreover, Standard, Raw, Islamic Raw, and, Islamic Standard accounts are available.
The Minimum deposit is AU$200.
Pros and Cons
Our Insights
FP Markets is suited to all traders. However, the AU$200 initial deposit is high.
Pepperstone
Pepperstone is a well-established Forex Broker that facilitates trading across the globe. Moreover, it provides Three Account types; Standard, Razor, and, Islamic.
The minimum deposit is AU$200.
Pros and Cons
Our Insights
Pepperstone has a high deposit requirement better suited to established traders.
OANDA
OANDA is a well-established Forex Broker. Account available includes Standard, Core, Swap-Free, Premium, and, Premium Core. Moreover, no minimum deposit is required.
Pros and Cons
Our Insights
OANDA requires no minimum deposit requirement and it suits beginners. Moreover, it provides an easy-to-use interface and instructional resources.
Admirals
Admirals is a renowned online trading service supplier. Moreover, it is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investment Commission (ASIC).
An Islamic Account is available. The minimum deposit is 25 USD.
Pros and Cons
Our Insights
Admirals is a popular broker choice in the Maldives. Moreover, multilingual customer support is offered.
XTB
Renowned financial institutions regulate XTB. It provides narrow spreads on main currency pairs and other popular assets. Moreover, a Swap-Free option is available.
Furthermore, no minimum deposit is required.
Pros and Cons
Our Insights
XTB suits all traders. It offers various tradable assets, including FX pairs and indices.
IG
IG is a well-established Forex Broker that offers a diverse range of financial products and regulatory compliance. Moreover, an Islamic Account is available.
The minimum deposit 50 USD.
Pros and Cons
Our Insights
With various Accounts and Trading Platforms, IG best suite Active Traders.
AvaTrade
AvaTrade is a well-known and trusted Forex Broker with a massive global presence. It is regulated in several countries, including Ireland, Australia, and South Africa.
Moreover, an Islamic Account is offered. The minimum deposit is 100 USD.
Pros and Cons
Our Insights
AvaTrade is suited to all traders. Moreover, established traders will benefit from an extensive range of trading products
HF Markets
Many top-tier agencies, including CySEC and the FCA, regulate HFM. MetaTrader 4 and MetaTrader 5 are available. Moreover, an Islamic Account is provided.
The minimum deposit is 5 uSD.
Pros and Cons
Our Insights
HFM best suite Beginners. It offers reasonable spreads, various account types, and, a user-friendly interface.
Is Forex Trading Legal in the Maldives?
Forex Trading is legal and governed by the Maldives Monetary Authority.
In Conclusion
Forex Trading is legal in the Maldives. Moreover, it is locally governed by the Maldives Monetary Authority.
Our Insights
In the process of reviewing the Best Forex Brokers that accept Madivian Traders, we found 10 excellent options. Each broker has its list of Benefits, ranging from Swap-Free Accounts to 24/7 Customer Support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like:
Frequently Asked Questions
Does Tickmill offer an Islamic Account?
Tickmill also offers an Islamic Account that follows Sharia law and eliminates swap fees.
What Tickmill account is a Swap-Free Option?
Tickmill provides an Islamic swap-free option for all account types.
Does IC Markets offer a Swap-Free Account?
IC Markets offers an Islamic Account. Moreover, is available on the MetaTrader 4, MetaTrader 5, and cTrader platforms.
Does IC Markets allow Social Trading?
Social Trading is available via the IC Social Platform.
Does FP Markets support Islamic Accounts?
FP Markets provides an Islamic Standard and Islamic Raw Account.
What is an FP Markets Islamic Raw Account?
The Islamic Raw Account combines the benefits of the Raw Account with a Swap-Free Option.
Does Pepperstone have a Swap-Free account?
Pepperstone provides a Standard Islamic, Swap-Free account.
What is the minimum deposit set by Pepperstone?
The minimum deposit required to open a Standard or Razor Account is AU$ 200.
Does Oanda offer a Demo Account?
Oanda provides a Cost and Risk-Free demo account.
Can I trade Crypto with Admirals?
Admirals provide CFD trading on cryptocurrencies.
What kind of network security measures does XTB implement?
Firewalls and intrusion detection systems.
How many forex pairs does IG Offer?
Over 80 forex pairings.
Which base currencies are accepted by AvaTrade?
ZAR, USD, GBP, and AUD.
What kind of broker is HFM?
A multi-asset broker that provides forex and CFD trading services.
