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Best Forex Brokers in Armenia

Forex trading is legal in Armenia and is regulated by the Central Bank of Armenia. The regulatory body focuses greatly on transparency and Anti-Money Laundering practices. For advanced security features and more trader-friendly conditions, trading with internationally regulated brokers may be a better option. The following are our top 10 best forex brokers in Armenia.

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21ActivTrades trustedBonusUp to $500 Refer a Friend Reward by ActivTradesBest For Instrument Specific InsightsRating 4.5 / 5
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Specialized trading accountsRead review
Pros

  • Solid Regulatory Oversight

  • Fast Execution Speeds

  • Innovative Trading Tools

Cons

  • Limited Asset Range

  • Commissions and Fees

  • Mixed Customer Support Reviews

Withdrawal fee 0$Deposit fee 0$Max leverage 1:400 (1:30 for EU)Min deposit 0$Top Regulators FCAAdd to compare list
22LiteFinance trustedBonusLiteFinance “Best of the Best” Demo ContestBest High Tech BrokerRating 4.5 / 5
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Specialized trading accountsFree VPS hosting24/7 instant money withdrawalRead review
Pros

  • 24-hour support

  • Supports MetaTrader 4 and MetaTrader 5 and their mobile and web versions

  • Variety of deposit/withdrawal methods

Cons

  • VPS is not free of charge

  • A limited selection of tradable instruments

  • Unavailable to US retail clients

Top Regulators CYSECAdd to compare list
23Orbex trustedBonusUp to $1,000 Cashback by OrbexBest For Low SpreadsRating 4.5 / 5
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Specialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Strong Regulatory Oversight

  • Several Trading Platforms Offered

  • Several Account Options

Cons

  • Variable Spreads on Starter Account

  • High Minimum Deposits for Premium and Ultimate Accounts

  • Some Users Reported Withdrawal Issues

Top Regulators CYSECAdd to compare list
24Vantage trustedBonusTrick & Trade Halloween Cashback by VantageBest For Online CFD TradingRating 4.5 / 5
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Free VPS hostingSpecialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Low Trading Fees

  • Multiple Regulatory Licenses

  • Advanced Copy Trading Options

Cons

  • High Minimum Deposit for Pro ECN Account

  • Limited Product Range

  • Mixed Customer Service Reviews

Withdrawal fee $0 (external fees may apply)Deposit fee $0Max leverage 1:2000Min deposit $50Top Regulators ASICAdd to compare list
25MultiBank Group trustedBonus25% Deposit Bonus by MultiBank GroupBest Gold BrokerRating 4.5 / 5
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Free VPS hostingSpecialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Highly Regulated and Trustworthy

  • Excellent Asset Selection

  • Multiple Account Types

Cons

  • High Minimum Deposit for Best Conditions

  • Limited Educational Resources

  • Occasional Customer Support Delays

Top Regulators ASICAdd to compare list
26Strifor trusted Investor protectionBonusMonthly Bonus by Strifor Loyalty ProgramRating 4.5 / 5
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Specialized trading accountsBonus OfferLoyalty ProgramRead review
Pros

  • One notable advantage is the availability of an Islamic account, which adheres to Sharia law and allows for interest-free trading.

  • The broker provides multiple account types, including Basic, Advanced, Professional, and Islamic, each catering to different levels of experience and financial capabilities.

  • Customer support at Strifor is accessible through several channels, including phone, email, Telegram, and WhatsApp, ensuring that help is available when needed.

Cons

  • One significant risk is the potential non-return of funds in crypto payments, which may concern traders who favor digital currencies for transactions.

  • The broker offers a singular trading platform, limiting choices for users who might prefer alternatives.

  • The broker's services are not available to residents of the United States, restricting access for a significant portion of potential clients.

Withdrawal fee 1%Deposit fee $0Max leverage 1:500Min deposit $0.1Top Regulators NoAdd to compare list
27TIOmarkets trusted Investor protectionBonus$50 Referral Reward by TIOmarkets800+ Stocks and Multiple MarketsRating 4.5 / 5
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Low Minimum DepositUnlimited LeverageCopy and Islamic TradingRead review
Pros

  • Unlimited Leverage: Traders can access unlimited leverage on the Standard account through MT5, subject to the broker's terms and conditions.

  • Commission-Free Trading: Traders can trade with $0 commission per lot on TIOmarkets’ Standard and VIP Black accounts.

  • Low Trading Costs: Raw spreads start from 0.0 pips on the Raw account while Standard and VIP Black accounts offer commission-free trading.

Cons

  • Unlimited Leverage Has Restrictions: The broker can reduce available leverage during high-impact news events and around weekends.

  • Higher Minimum Deposit on Some Accounts: Raw requires $250, while VIP Black requires a minimum deposit of $1,000.

  • Bonus Availability: The 30% loyalty bonus comes with specific terms and is available only under certain conditions.

Withdrawal fee $0 for withdrawals of $20 or more (conditions apply)Deposit fee $0 for deposits of $20 or moreMax leverage 1:500 - Unlimited (Terms apply)Min deposit $20Top Regulators YesAdd to compare list
28Pepperstone Investor protectionBonusUp to AUD $40,000 Referral Rewards by PepperstoneBest For Low CommissionsRating 4.4 / 5
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Free VPS hosting24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • Strong Regulatory Oversight

  • Fast Execution Speeds

  • Wide Range of Trading Instruments

Cons

  • Platform Complexity for Beginners

  • Limited Educational Resources for Advanced Traders

  • Limited Demo Account Access

Top Regulators ASIC, BaFIN, CYSEC, FCAAdd to compare list
29NPBFXBonusUp to 30% Account Transfer Bonus by NPBFXRating 4.4 / 5
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Pros

  • Competitive Spreads and Leverage

  • Fast Order Execution

  • Flexible Trading Strategies

Cons

  • Lack of Major Regulatory Oversight

  • Limited Platform Options

  • Limited Educational Resources

Deposit fee NoMax leverage 1:200Min deposit 10$Top Regulators NoAdd to compare list
30InstaforexBonus30% Bonus on Every Deposit by InstaForexBest Offer On BonusesRating 4.4 / 5
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Specialized trading accountsRead review
Pros

  • Wide Range of Trading Instruments

  • High Leverage Options

  • Low Minimum Deposit

Cons

  • Not Regulated by Top-Tier Authorities

  • Mixed User Reviews

  • High Spreads on Some Account Types

Top Regulators NoAdd to compare list

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