10 Best Forex Brokers in Venezuela ☑️ Updated 2024*

 

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!

 

 

10 Best Forex Brokers in Venezuela – a Comparison

 

 

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. ☑️ FXCM – Algorithmic Trading Solutions
8. ☑️ XTB – Popular Broker for Beginners
9. ☑️ XM – Best Forex Broker for Foreigners
10. ☑️ AvaTrade – 1000+ CFDs with competitive spreads

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

Is Forex Trading Legal in Venezuela?

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

 

 

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.

 

 

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.

 

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Frequently Asked Questions

 

Is Forex Trading Legal in Venezuela?

Forex Trading is legal in Venezuela.

 

Is Forex Trading regulated in Venezuela?

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

 

What is the minimum deposit for IC Markets?

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

 

Is FP Markets a safe broker?

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).

 

What platforms does Tickmill offer?

MetaTrader 4 and MetaTrader 5.

 

Does Axi offer Swap Free accounts?

Axi offers swap-free accounts.

 

Does Admirals offer fractional shares?

Admirals do not currently allow fractional share purchases.

 

Where is IBKR based?

IBKR is located in the United States.

 

Does FXCM offer crypto trading?

It provides CFDs for Bitcoin and other major cryptocurrencies.

 

What is XTB’s minimum deposit?

No minimum deposit is required.

 

How long do XM withdrawals take?

Withdrawals take 24 hours to process.

 

Does AvaTrade offer copy trading?

They provide platforms such as ZuluTrade and DupliTrade.