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Best Forex Brokers in Ukraine

Ukraine does not have a detailed regulatory framework laid out for brokers. For this reason, many traders have to rely on international regulations for investor protection, transparency, and fair practices. We compared 100+ brokers and carefully created a list of top 10 brokers with the best regulations, low fees, high leverage, great customer support, latest trading platforms, and more.

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61zForexBonus20% Re-Deposit Bonus by zForex1:1000 Max LeverageMin deposit $10Max leverage 1:1000Regulated by MISAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Affiliate ProgramMultilingual SupportMultiple Trading PlatformsRead review
Pros

  • High Leverage: zForex offers an extremely high leverage of 1:1000, giving traders much larger positions against small investments.

  • Low Minimum Deposit Fee: The broker offers a very low barrier to entry with just $10 in minimum deposits to start trading. Usually, brokers have a minimum deposit of $100+.

  • Swap-Free/Islamic Account Option: Swap-free trading account allows interest-free trading which is a great addition for Muslim traders.

Cons

  • No Top-tier Regulations: zForex is regulated in Mwali (by MISA), and lacks the strong oversight of top-tier regulators. The investor protection features are therefore comparatively limited.

  • High Deposit for Islamic/Swap-free Account: The minimum deposit for Islamic accounts is on a much higher end compared to standard trading accounts.

  • New Brokerage: zForex is a relatively new brokerage that started its operations in 2022. This could be a concern for traders who prefer trading with established brokerage firms.

62BullwavesBonus100% Deposit Bonus Promotion by Bullwaves1:500 Max LeverageMin deposit $100Max leverage 1:500Regulated by FSA (SV)Add to compare listRating 4.1 / 5Start trading
Pros, cons & fees
24/7 Customer SupportAffiliate ProgramRead review
Pros

  • Diverse Account Types: Bullwaves caters to both beginner and advanced traders with a range of account options.

  • High Leverage: Maximum leverage up to 1:500, allowing traders to control larger positions.

  • 24/7 Multi-Channel Support: Available in multiple languages via live chat, email, and phone.

Cons

  • Not Regulated by Top-Tier Authorities: Lacks regulation from top-tier bodies like ASIC or FCA.

  • Limited Platform Options: Currently offers only MT5 instead MT4 or cTrader.

  • High Minimum Deposit: A $100 deposit requirement may deter small retail traders.

Withdrawal fee 0Deposit fee 0
63Emarlado Broker24/7 SupportMin deposit $250Max leverage 1:400Regulated by MISAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Specialized trading accountsTrading Central24/7 SupportRead review
Pros

  • Emarlado offers flexible trading conditions with minimal bureaucracy, making it easier for traders to start and manage their accounts without complicated processes.

  • With five different account types, ranging from basic to premium, traders can choose the account that best suits their skill level and trading goals.

  • The broker also provides a competitive leverage of up to 1: 400, giving traders the opportunity to maximize their positions, though this also carries risks.

Cons

  • Its trading platform options are limited, as it only provides access to WebTrader with no alternatives like MT4 or MT5.

  • Another limitation is that Emarlado's services are not available to U.S. citizens, which excludes a large market of potential traders.

  • The broker does not offer a mobile trading app, but the WebTrader app can still be used in the browser from any device

Withdrawal fee from $5.50Deposit fee $0
64Riverquode Investor protectionExtensive Educational ResourcesMin deposit $250Max leverage 1:400Regulated by FSCAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Multilingual SupportAffiliate ProgramRead review
Pros

  • Regulated by FSCA: Riverquode is authorized under a reputable South African regulatory body FSCA with license number 52830, providing a high level of regulatory oversight.

  • Fast Execution: Fast execution with low latency helps you make real-time trades without slippage.

  • 5 Account Types for All Traders: Riverquode serves many account types for different types of traders/ From Classic to VIP, the company offers account tiers catering to beginners, pros, and all types of traders in between. There is also a free demo account to help you test new strategies.

Cons

  • No MT4 or MT5 Platforms: The broker currently only offers the WebTrader trading platform. More popular trading platforms like MT4 and MT5 are not available with this broker.

  • No Swap-Free Accounts: Riverquode does not offer swap-free/Islamic account options. However, there are swap discounts available on some account types.

  • Limited Leverage on Stocks & Crypto: Where leverage on forex is quite high 1:400, the leverage on equities and crypto is capped at 1:5, which is quite low compared to many other brokers.

Withdrawal fee $0 (Terms Apply)Deposit fee $0
65Grand CapitalBonusDeposit Bonus Offer (40%) by Grand CapitalFree VPS HostingMin deposit $10Max leverage 1:100Regulated by FSA, FSA (SV)Add to compare listRating 4 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalLow minimum depositRead review
Pros

  • Competitive Minimum Deposit: The minimum deposit required to open an account with Grand Capital is $10, a relatively low minimum deposit in the industry.

  • All-Inclusive Educational Resources: Grand Capital provides educational resources for traders of all levels. The broker has webinars, video tutorials, and publications that cater to different trading needs.

  • Flexible Leverage: Grand Capital stands out with its flexible leverage options ranging from 1:1 to 1:2000. This flexibility allows traders to manage their risk and exposure according to their trading strategy.

Cons

  • Weak Regulation and Licensing: The financial market is subject to many regulatory bodies, and the more license brokers can boast of, the more credible they appear. Unfortunately, Grand Capital is not as licensed as many top brokers in the financial market.

  • Limited Trading Platforms: Grand Capital only has three trading platforms; MT4, MT5, and Grand Trade.

Withdrawal fee $0Deposit fee $0
66SwissquoteBonus€100 Cashback Referral Bonus by SwissquoteBest Secure BrokerRegulated by FINMAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Regulated and licensed by multiple financial authorities

  • Offers a wide range of assets for trading

  • Provides advanced trading tools and platforms

Cons

  • Does not accept clients from some countries, including the United States

  • Has high minimum deposit requirements

  • Has limited leverage compared to some other brokers

67TickmillBonus$1,000 Trader of the Month Prize by TickmillBest For High Balance TradersRegulated by FCA, FSAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accountsRead review
Pros

  • Regulated by multiple authorities, including FCA and CySEC

  • Low minimum deposit requirement

  • Offers a wide range of trading instruments, including cryptocurrencies

Cons

  • No social trading platform or copy trading feature

  • No fixed spreads are available

  • Limited options for account funding and withdrawal

68HotForexBonusShield 500 Account by HotForexBest For Biggest Offering of CFDsRegulated by CySEC, FIUAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • Multiple regulatory bodies regulate it.

  • Low spreads starting from 0.1 pips.

  • High leverage of up to 1: 1000 for professional clients.

Cons

  • Does not accept clients from the USA, Canada, Sudan, Syria, and North Korea.

  • Hot Forex's trading fees are slightly higher than average industry rates.

  • HFcopy requires a minimum investment of 300 EUR, often considered steep.

69xChief (ex. ForexChief)BonusSpecial Trader Package by xChiefBest For Contract TradingRegulated by VFSC, ASIC, MISAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Low minimum deposit requirement of $10 across all account types.

  • Beneficial trading terms such as low trade volume, starting at 0.01 lots, and tight spreads, starting from 0 pips.

  • Availability of multiple payment methods for deposits and withdrawals without any fees from the Broker's end.

Cons

  • Non-compliance with ESMA leverage capping may not be suitable for traders looking for low-risk options.

  • Unclear compensation levels in case of any mishap, with each case being reviewed separately.

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70Markets.comBest For Forex, Gold & CFD TradingRegulated by CySEC, AMFAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker's credibility as a financial service provider.

  • Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.

  • Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.

Cons

  • Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.

  • No Customer Support Service on Weekends: Since trading is 24/7, it's only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.

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Our ranking methodology and selection process