6 Best Forex Brokers in Jordan (☑️Updated 2024*)
The 6 best Forex brokers in Jordan revealed. We have explored and tested several prominent brokers to identify the 6 best.
In this in-depth guide you’ll learn:
- What is a Forex broker in Jordan
- Who are the best brokers
- Pros and cons of each broker
- Popular FAQs about the best Forex brokers in Jordan
And lots more…
So, if you’re ready to go “all in” with the 6 best Forex brokers in Jordan…
Let’s dive right in…
Best Forex Brokers in Jordan
| 👥 Best Forex Brokers in the Jordan | ✔️ Accepts Jordan Traders | 💶 Min. Deposit ($) | 📈 Minimum Spread |
| FP Markets | ✅ Yes | JOD70.91 or $100 | From 0.0 pips |
| AvaTrade | ✅ Yes | JOD70.91 or $100 | From 0.0 pips |
| XTB | ✅ Yes | There is no specific minimum deposit required | From 0.5 pips |
| Saxo Bank | ✅ Yes | None | From 0.0 pips |
| Pepperstone | ✅ Yes | JOD 92.71 or AU$200 | From 0.0 pips |
| Interactive Brokers | ✅ Yes | There is no specific minimum deposit required | From 0.0 pips |
What is a Forex broker in Jordan?
A Forex broker accepting Jordanian traders offers a comprehensive platform for trading in foreign exchange markets. Compliant with local regulations, it offers access to a diverse range of currency pairs, robust trading tools, secure transactions, multilingual support, and culturally attuned financial advice.
6 Best Forex Brokers in Jordan
- ☑️ FP Markets – Overall, the Best Forex Broker in Jordan
- ☑️ AvaTrade – Best Award-winning Platforms
- ☑️ XTB – Trusted multi-asset broker
- Saxo Bank – Best user-friendly interface
- Pepperstone – Award-winning Broker in Jordan
- Interactive Brokers – Award-winning MT4 & MT5
FP Markets
Overview
FP Markets is a leading brokerage choice for traders in Jordan, renowned for its transparent and competitive spreads across various asset classes.
Regulated by the Australian Securities and Investments Commission (ASIC), it assures Jordanian traders of stringent regulatory compliance and investor protection.
Offering multiple trading accounts tailored to different strategies and preferences, FP Markets caters to both novice and experienced traders alike. For those adhering to Islamic principles, the brokerage provides Sharia-compliant trading accounts, ensuring alignment with Islamic finance principles by eliminating interest-based transactions.
This enables Jordanian traders to engage in the financial markets without compromising their religious beliefs.
With FP Markets, traders in Jordan can access a wide range of trading instruments, enjoy competitive spreads, benefit from regulatory assurance, and opt for Islamic accounts, making it a comprehensive and accommodating choice for their investment needs.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC, FSCA, FSA, FSC |
| 💻 Account Types | MT4/5 Standard Account, an MT4/5 Raw Account, an MT4/5 Islamic Standard Account, and an MT 4/5 Islamic Raw Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | JOD70.91 or $100 |
| 📱 Platforms Supported | MetaTrader 4
MetaTrader 5 IRESS cTrader FP Markets App |
| 📈 Range of Markets | Forex
Shares Metals Commodities Indices Cryptocurrencies Bonds ETFs |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | LinkedIn
YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Traders benefit from FP Markets’ intelligent technological architecture. | As a result of FP Markets’ global orientation, not all regional payment alternatives might garner equivalent levels of attention. |
| Traders have access to comprehensive customer support provided by a group of committed and competent personnel. | While FP Markets offers a wide variety of products, certain traders may have a greater preference for local or niche markets. |
| FP Markets is regulated by multiple international organizations, including the FSCA, CySEC, ASIC, FSA, and FSC. | Withdrawal fees are computed by FP Markets for a variety of payment methods. |
| FP Markets provides a vast collection of educational resources for traders seeking to enhance their trading expertise. | |
| Multiple account types are available from FP Markets to accommodate the diverse trading preferences and requirements of its clients. | |
| cTrader, MetaTrader, IRESS, and MetaTrader 5 are examples of trading platforms that provide sophisticated charting and analytical capabilities. | |
| FP Markets’ extensive global market network empowers traders to customize their trading approaches to suit a multitude of asset classes. | |
| FP Markets maintains competitive spreads and minimal commission policies. |
Trust Score
FP Markets has a high trust score of 87%
AvaTrade
Overview
AvaTrade stands as a trusted choice for traders in Jordan, offering a user-friendly trading experience through their versatile software options like MetaTrader 4 and AvaTradeGO.
AvaTrade assures Jordanian traders of adherence to local regulations and investor protection standards.
AvaTrade presents a diverse range of assets including forex, stocks, commodities, and cryptocurrencies, providing ample opportunities for portfolio diversification. With competitive spreads and flexible leverage options, traders can optimize their trading strategies while managing risk effectively.
The platform’s regulation ensures transparency and reliability, instilling confidence in Jordanian traders. AvaTrade’s commitment to providing a comprehensive trading environment combined with local regulatory compliance makes it a preferred choice for traders in Jordan seeking access to global financial markets with peace of mind.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 💻 Account Types | Retail Account, Professional Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | JOD70.91 or $100 |
| 📱 Platforms Supported | AvaTradeGO
AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 📈 Range of Markets | Forex
Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-Traded Funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Instagram
YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade offers a wide range of trading instruments to facilitate the construction of diversified investment portfolios, encompassing cryptocurrencies, equities, commodities, indices, and currency pairs. | As per certain users, elevated spreads in comparison to alternative brokers might impact trading expenses, especially for those who engage in regular trading. |
| The integration of ZuluTrade with AvaTrade enables clients to engage in social trading, wherein they can emulate and pursue the profitable trading approaches of other users. | AvaTrade’s research and analysis capabilities may appear somewhat constrained to certain traders when compared to those of alternative platforms, potentially impeding the execution of comprehensive market studies. |
| AvaTradeGo facilitates mobile trading, AvaSocial enables social trading, and AvaProtect provides advanced charting and technical analysis, among other distinctive features of the platform. | Unseasoned traders may find it challenging to effectively utilize the site’s advanced features and capabilities, thereby imposing a learning curve. |
| As an organization regulated by a few reputable organizations, including the Central Bank of Ireland and the Financial Services Commission of the British Virgin Islands, AvaTrade provides clients with a secure and reliable trading environment. | Despite the provision of customer care by AvaTrade, certain clients may experience frustration because of discrepancies in the quality and timeliness of their assistance. |
| To assist traders in augmenting their skills and knowledge, AvaTrade provides an assortment of instructional materials. These include webinars, tutorials, and market analysis. | There have been reports of AvaTrade withdrawal processes being delayed or complicated on occasion, which could pose a problem for users who require immediate access to their funds. |
Trust Score
AvaTrade has a high trust score of 96%
XTB
Overview
XTB emerges as a premier Forex broker for traders in Jordan, offering cutting-edge trading software such as xStation and MetaTrader 4.
With a wide array of assets including forex pairs, indices, commodities, and cryptocurrencies, Jordanian traders can diversify their portfolios seamlessly. XTB distinguishes itself with its robust trading analytics tools, empowering traders with insightful market data and research to make informed decisions.
Renowned for its reliability and industry standing, XTB ensures compliance with local regulations and provides traders with a secure trading environment.
The broker’s commitment to transparency, combined with its innovative trading technology and comprehensive asset offerings, solidifies its position as a top choice for traders in Jordan seeking to navigate the Forex markets with confidence and success.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC |
| 💻 Account Types | Standard Account
Swap-free Account Islamic Account Professional Account |
| 💵 Minimum Spread | From 0.5 pips |
| 💸 Minimum Deposit | There is no specific minimum deposit required |
| 📱 Platforms Supported | xStation 5
xStation Mobile |
| 📈 Range of Markets | Forex
Indices Commodities Stock CFDs ETF CFDs Cryptocurrencies |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Facebook
YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Renowned for its technological advancements, XTB offers a user-friendly platform complemented by comprehensive market research and enhanced charting functionalities. | The price structure necessitates a comprehensive analysis due to its inclusion of numerous expenses, including overnight funding and spreads, which traders might perceive as perplexing. |
| The broker is dedicated to working in an open and transparent manner with its traders. | Even with a straightforward interface, novice traders might encounter a period of adjustment, especially when employing more advanced functionalities and instruments. |
| XTB offers an extensive selection of financial products to its clients, encompassing commodities, indexes, as well as primary and exotic currency pairings. | In the absence of physical locations across the globe, XTB may encounter challenges in providing in-person assistance to merchants requiring support. |
| Support that is tailored to the requirements of dealers facilitates efficient communication and helps in their native tongue. | |
| XTB places a strong emphasis on education, providing traders with the necessary instruments and market knowledge to enhance their trading skills and understanding. |
Trust Score
XTB has a trust score of 95%
Saxo Bank
Overview
Saxo Bank stands as a leading Forex broker catering to traders in Jordan, renowned for its advanced trading features and proprietary platforms like SaxoTraderGO and SaxoTraderPRO.
Offering an extensive range of assets including forex pairs, stocks, indices, commodities, and bonds, Jordanian traders can diversify their investment portfolios seamlessly.
Saxo Bank provides competitive spreads and transparent pricing, ensuring traders can execute trades with optimal efficiency.
With its innovative trading technology, sophisticated charting tools, and access to comprehensive market analysis, Saxo Bank empowers Jordanian traders to make informed decisions in the dynamic Forex market.
Regulated by reputable authorities such as the Danish Financial Supervisory Authority (DFSA), Saxo Bank offers Jordanian traders a secure and reliable trading environment. With its commitment to excellence and cutting-edge trading solutions, Saxo Bank remains a preferred choice for traders in Jordan seeking sophisticated Forex trading capabilities.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 💻 Account Types | Saxo Account, Joint Account, Corporate Account, Professional |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | None |
| 📱 Platforms Supported | SaxoTraderGO
SaxoTraderPro |
| 📈 Range of Markets | Stocks
ETFs Bonds Mutual funds Crypto ETPs |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Instagram
YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Saxo Bank grants traders in Jordan access to a vast array of asset classes, currency pairings, commodities, and indices, thereby diversifying their trading opportunities. | Although Saxo Bank provides competitive spreads, its fee structure is intricate, encompassing a range of commissions and charges that may result in increased trading expenses for traders. |
| SaxoTraderGO, the principal platform of the broker, provides sophisticated charting functionalities, customizable layouts, and smooth execution, thereby enabling traders to efficiently implement their strategies. | The potential lack of comprehensive Islamic trading account options at Saxo Bank may pose a disadvantage for traders in search of Sharia-compliant trading solutions. |
| Saxo Bank is an internationally renowned and firmly established brokerage known for its dependability, openness, and compliance with regulatory requirements; it offers traders in Jordan a sense of assurance. | Not with standing the provision of multilingual assistance, traders in Jordan may encounter constraints in accessing customer support during non-standard trading hours due to time zone disparities. |
| Saxo Bank offers an extensive collection of educational resources, such as trading guides, webinars, and articles, to assist Jordanian traders in expanding their forex trading expertise. |
Trust Score
Saxo Bank has a high trust score of 96%
Pepperstone
Overview
Pepperstone emerges as a premier Forex broker catering to traders in Jordan, renowned for its diverse range of cutting-edge trading platforms including MetaTrader 4, MetaTrader 5, and cTrader.
These platforms offer advanced charting tools, customizable interfaces, and seamless trade execution, providing Jordanian traders with the flexibility and sophistication needed to navigate the Forex markets efficiently.
Pepperstone stands out with its razor-thin spreads, competitive pricing, and lightning-fast execution speeds, ensuring optimal trading conditions for Jordanian traders. Additionally, Pepperstone offers access to a wide range of trading instruments including forex pairs, indices, commodities, and cryptocurrencies, enabling traders to diversify their portfolios effectively.
Regulated by reputable authorities such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA), Pepperstone provides Jordanian traders with a secure and reliable trading environment, cementing its position as a preferred choice for those seeking excellence in Forex trading.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 💻 Account Types | Standard Account
Razor Account Professional Account Demo Account Islamic Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | JOD 92.71 or AU$200 |
| 📱 Platforms Supported | MetaTrader 4
MetaTrader 5 cTrader TradingView Myfxbook Duplitrade |
| 📈 Range of Markets | Forex
Indices Shares Commodities Cryptocurrencies Futures Options |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | LinkedIn
YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Securing the Pepperstone trading environment are reputable authorities that oversee the industry, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA). | Although Pepperstone does provide a limited selection of educational materials, its portfolio may not be as comprehensive as that of other brokers. |
| Providing an extensive assortment of assets such as indices, cryptocurrencies, forex, and commodities, the platform empowers investors to construct diversified investment portfolios. | In comparison to other brokers, the research and analysis tools provided by Pepperstone might appear to be comparatively less exhaustive to traders. |
| Pepperstone offers traders competitive spreads, enabling them to enter markets at minimal expense and under advantageous trading circumstances. | Although Pepperstone does provide customer support in Arabic, certain localized services may be more limited in comparison to brokers who focus exclusively on the Jordanian market. |
| Leverages cutting-edge trading platforms and tools, such as cTrader and MetaTrader 4, to provide sophisticated analysis and trading capabilities. | In comparison to other brokers, the variety of deposit and withdrawal methods provided by Pepperstone might be comparatively restricted, which could cause inconvenience for certain traders. |
| Helps in Arabic and other languages as part of its multilingual customer service, assuring effective and timely communication. | Although Pepperstone does provide accounts that adhere to the principles of Islamic finance, the functionality and accessibility of these accounts may not be as extensive as those offered by other brokers that specialize in Islamic finance. |
Trust Score
Pepperstone has a high trust score of 92%
Interactive Brokers
Overview
Interactive Brokers stands out as a premier choice for traders in Jordan, offering a comprehensive suite of features tailored to meet diverse trading needs.
With access to over 135 markets in 33 countries, Jordanian traders can engage in a wide range of financial instruments including stocks, options, futures, currencies, and bonds. Interactive Brokers provides advanced trading tools such as the Trader Workstation (TWS) platform, known for its robust functionality, customizable interface, and real-time market data.
Traders in Jordan benefit from competitive pricing with transparent and low commissions, ensuring cost-effective trading. Additionally, Interactive Brokers offers access to extensive research and educational resources, empowering Jordanian traders with the knowledge and insights needed to make informed trading decisions.
With its global presence, cutting-edge technology, and commitment to transparency, Interactive Brokers remains a top choice for traders in Jordan seeking a sophisticated and reliable trading experience.
Unique Features
| Feature | Information |
| ⚖️ Regulation | SEC, CFTC, FCA |
| 💻 Account Types | Individual, Joint, Trust, IRA.
Non-Professional Advisor. Family Office. Advisor. Advisor Client (including Non-Professional Advisor and Family Office) Broker Client. EmployeeTrack. |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | There is no specific minimum deposit required |
| 📱 Platforms Supported | IBKR |
| 📈 Range of Markets | Global stocks, options, futures, currencies, cryptocurrencies |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Facebook
YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Interactive Brokers provides its clients with comprehensive access to a wide range of global financial markets, including but not limited to options, bonds, equities, futures, and currencies. This functionality empowers customers to efficiently broaden the composition of their portfolios by investing in various asset classes. | Trading platforms and tools may present challenges for novice traders in terms of comprehensive comprehension and effective utilization. |
| Interactive Brokers’ trading platforms, which consist of Trader Workstation (TWS) and IBKR Mobile, provide users with comprehensive tools for both trading execution and analysis. | Although Interactive Brokers offers affordable rates, certain traders may find their fee structures to be convoluted, as they are comprised of numerous charges for a variety of services and account categories. |
| Active dealers, particularly those who conduct a significant volume of transactions, can derive advantages from the transparent fee structures and fair commission rates offered by Interactive Brokers. This may result in a decrease in total trading expenditures. | Minimum balance requirements for some account types at Interactive Brokers may be higher than those of competing brokers, thereby impeding the functionality of the platform for traders with lesser account balances. |
| Interactive Brokers provides traders with a wide range of research and analytical resources, including fundamental data, technical analyses, scholastic articles, and market commentary, to assist them in developing judicious investment decisions. | |
| Interactive Brokers offers a variety of risk management functionalities to aid traders in managing and mitigating risk more effectively. Portfolio margining, risk-based margining, and real-time margin computations comprise these capabilities. |
Trust Score
Interactive Brokers has a trust score of 95%
Conclusion
Overall, trading Forex in Jordan with international brokers offers local traders access to global markets, diverse trading instruments, and advanced technology.
Frequently Asked Questions
How does Forex trading work for beginners in Jordan?
As a beginner in Jordan, you can participate by opening an account with a reputable Forex broker, analyzing currency pairs, and executing trades based on your predictions of how one currency will perform against another.
What are the essential steps to start Forex trading in Jordan as a beginner?
To start Forex trading in Jordan as a beginner, educate yourself about the Forex market, choose a reliable broker, open a trading account, practice with a demo account, develop a trading strategy, manage your risk, and start trading with real money gradually.
What are the most common mistakes beginners should avoid when trading Forex in Jordan?
Common mistakes beginners in Jordan should avoid include overtrading, neglecting risk management, not using stop-loss orders, trading without a plan, and letting emotions dictate trading decisions.
How can beginners in Jordan choose a reliable Forex broker?
Consider factors such as regulation by reputable authorities, trading platforms offered, spreads and fees, customer support quality, educational resources, and the broker’s reputation among other traders.
What are some recommended strategies for successful Forex trading in Jordan?
Recommended strategies for beginners in Jordan include trend following, breakout trading, support, and resistance trading, and using technical indicators like moving averages and RSI.
