Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Best Forex Brokers in Myanmar

Myanmar lacks a strong regulatory framework for forex trading activities. Therefore, it is more advisable for traders to trade with internationally regulated brokers instead. To help you trade with only the best, we compared brokers in areas like leverage, trading fees, trading platform, and customer support. The following are our top 10 best forex brokers in Myanmar.

Order by
51AetosRegulated by FCA and ASICMin deposit $250Max leverage 1:200Regulated by ASIC, FCAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
BonusesCommission Free TradingAffiliate ProgramRead review
Pros

  • Strong regulatory compliance

  • Competitive trading conditions

  • Robust educational resources

Cons

  • Limited offerings for cryptocurrency

  • Higher-than-average minimum deposits on some accounts

  • Lack of MetaTrader 5 platform

Withdrawal fee No FeesDeposit fee No Fees
52INGOT Brokers1:500 Max LeverageMin deposit $100Max leverage 1:500Regulated by ASIC, FSA, JSC +1Add to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Wide variety of account typesSafe and secureRead review
Pros

  • Wide selection of market instruments, including agriculture, energies, metals, stocks, indices, ETFs, currencies, and cryptocurrencies

  • Well-regulated by reputable authorities, ensuring transparency and adherence to industry standards

  • Segregation of clients' funds in top-tier banks, enhancing the safety and security of client funds. In addition, Ingot offers negative balance protection, safeguarding traders from potential losses exceeding their account balance.

Cons

  • Not available in certain countries such as the United States of America due to restricted jurisdictions, limiting access for traders in specific regions.

  • The demo account expires in two weeks, which may be insufficient for traders to thoroughly test the platform and strategies.

  • International trading is done through an offshore entity, which might raise concerns about regulatory differences and protections.

Withdrawal fee $0Deposit fee $0
53FXPRIMUSBonusWelcome Gift (Cash Reward) by FXPrimusBest For MT4 BrokerRegulated by CySEC, VFSCAdd to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accounts24/7 instant money withdrawalRead review
Pros

  • A wide range of trading assets: FXPRIMUS provides 120 trading assets, including currency pairings, precious metals, petroleum products, indices, CFDs, and cryptocurrencies.

  • Strong security network: FXPrimus employs specialized software and advanced encryption technologies with 128-bit keys.

  • High Insurance Coverage: FXPrimus covers each client's fund for up to 5 million euros. Hence, clients can rest assured that their money is safe.

Cons

  • Limited Availability: FXPRIMUS broker's client support service is only available 24 hours a day, five days a week, limiting its customer support services to only weekdays.

  • Selective Compensation Claims: FXPRIMUS does not recognize any moral compensation claims. Hence, traders will not be compensated for any such claims.

  • System Malfunction: Although this rarely happens, there are technical hitches that may necessitate a full platform restart.

54Octa FXBonusDeposit Bonus for Referred Users by OctaFx1:1000 Max LeverageMin deposit $10Max leverage 1:1000Regulated by CySEC, FSCA, MISAAdd to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Social tradingAuto tradingSwap-free accountsRead review
Pros

  • Competitive Spreads and No Commissions

  • High Leverage Options

  • Fast Withdrawal Processing

Cons

  • Limited Range of Tradable Instruments

  • Not Regulated in Top-Tier Jurisdictions

  • Limited Educational Resources

Withdrawal fee $0Deposit fee $0
55FXDDBonusNo Deposit Trading Bonus by FXDDNegative Balance ProtectionMin deposit $250Max leverage 1:50Regulated by MFSAAdd to compare listRating 3.7 / 5Start trading
Pros, cons & fees
Wide range of trading platformsMultilingual supportNegative balance protectionRead review
Pros

  • Wide range of trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader.

  • Flexible and beginner friendly account types.

  • Negative balance protection.

Cons

  • Minimum deposits with FXDD can be quite higher than other brokers.

  • Accounts dormant for a long time may be charged inactivity fees.

  • No U.S clients.

Withdrawal fee $0Deposit fee $0
56FXNovus24/7 Customer SupportMin deposit $250Max leverage 400Regulated by FSC (BVI)Add to compare listRating 3.7 / 5Start trading
Pros, cons & fees
24/7 Customer SupportVariety of Trading InstrumentsAffiliate ProgramSpecialized trading accountsRead review
Pros

  • Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring compliance with industry standards.

  • Offers multiple channels for contacting support, enhancing accessibility and responsiveness.

  • Provides round-the-clock customer support, accommodating traders across different time zones.

Cons

  • There is an absence of MT4 or MT5 platforms, which need to include features and functionalities preferred by many traders.

  • Offers a less extensive list of tradable assets than some competitors, limiting investment opportunities.

  • Withdrawal times can be lengthy, potentially causing inconvenience for traders requiring prompt access to funds.

Withdrawal fee $0Deposit fee $0
57Yadix.comBonus25% welcome bonusBest STP BrokerRegulated by FSC (BVI)Add to compare listRating 3.6 / 5Start trading
Pros, cons & fees
Free VPS hostingRead review
Pros

  • Yadix offers tight raw bank spreads as low as 0.0 pips on major currency pairs, ensuring favorable pricing for traders.

  • The Broker offers support for copy trading, a popular feature that allows traders to replicate the trades of successful and experienced traders.

  • Yadix has an extensive education center with learning e-books, videos, and guides, allowing new traders to enhance their skills, improve their strategies, and gain insights from forex professionals.

Cons

  • There have been controversies surrounding the regulation of Yadix, as claims of being regulated by the IFSC (International Financial Services Commission) lack supporting license numbers. Traders should exercise caution and conduct thorough research before making a decision.

  • Yadix has received substantial negative reviews online, indicating certain concerns or issues some customers face.

  • While the Classic account does not charge commissions, other account types, such as the Scalper and Pro, carry relatively high commission fees.

58ModMountWeb Trading PlatformMin deposit $250Max leverage 1:400Regulated by FSAAdd to compare listRating 3.6 / 5Start trading
Pros, cons & fees
Affiliate ProgramWebTrader platformSpecialized trading accounts24/7 Customer SupportRead review
Pros

  • The broker provides a personalized Web Trading Platform, enhancing the user experience and catering to individual trading preferences.

  • Traders benefit from daily trading signals, helping them stay informed about market trends and potential trading opportunities.

  • Negative Balance Protection ensures that traders do not lose more than their initial investment, safeguarding against excessive losses.

Cons

  • The broker provides limited educational and research tools, which may hinder traders' ability to expand their knowledge and make informed trading decisions.

  • ModMount does not offer MT4, MT5, or algorithmic trading options, limiting the choices available to traders who prefer these platforms.

  • Traders may incur a inactivity fee if their account remains dormant for an extended period, potentially impacting their account balance.

Withdrawal fee $0Deposit fee $0
59AAFX TradingBonus35% welcome bonusBest For High Leverage TradingRegulated by FSA (SV)Add to compare listRating 3.6 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/5 instant money withdrawalRead review
Pros

  • Islamic account option

  • Competitive affiliate program

  • Competitive trading conditions

Cons

  • No US Clients

  • Limited trading restrictions

  • Limited research and analysis tools

60Key to Markets0-Pip EUR/USD SpreadsMin deposit $100Max leverage 1:500Regulated by FCA, FSCAdd to compare listRating 3.6 / 5Start trading
Pros, cons & fees
Competitive SpreadsFast WithdrawalsAffiliate ProgramRead review
Pros

  • Key To Markets is regulated by the Financial Conduct Authority (FCA) and the Financial Services Commission (FSC), providing traders with security and confidence in the platform's legitimacy.

  • The broker offers Myfxbook AutoTrade, allowing traders to link their MT4 trading account to preferred trading systems listed on Myfxbook.com. This feature enables traders to follow successful strategies without performance fees or management charges.

  • Key To Markets provides competitive spreads, making it an attractive option for cost-conscious traders seeking favorable trading conditions.

Cons

  • One drawback of trading with Key To Markets is the relatively limited availability of educational resources. Traders seeking comprehensive learning materials may find the offerings to be somewhat limited.

  • Key To Markets lacks live chat support, which can be a disadvantage for traders who prefer immediate assistance when encountering issues or inquiries.

  • The absence of a trader forum on the platform may be a drawback for those who value engaging with a community and sharing insights and experiences with fellow traders.

Withdrawal fee $0Deposit fee $0

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Our ranking methodology and selection process