The best forex brokers in Afghanistan are Swissquote, Saxo Bank, XM, XTB, and Pepperstone. Each broker has its strengths and weaknesses. But all Afghani brokers offer access to excellent trading platforms and tools. Some traders prefer social trading with eToro, while others choose XTB to improve their trading skills and knowledge.
This article discusses the best forex brokers in Afghanistan.
The Top 5 Forex Brokers For Afghani Citizens
Our review uses a Trust Score Ranking System. The brokers listed below are some of the best forex brokers in Afghanistan:
- Swissquote – has the best banking services.
- Saxo Bank – has the lowest trading fees for Afghani citizens.
- XM – is the leading forex trading broker in Afghanistan.
- XTB – is the best broker for inexperienced Afghani traders.
- Pepperstone – has the best offer and trading fees.
Best Forex Brokers in Afghanistan
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||Swissquote||Best UX||4/5||Best banking services||Official website|
|#2||Saxo Bank||Best for CFD trading||4.9/5||Low fees||Official website|
|#3||XM||Best for forex trading||4.7/5||Forex trading||Official website|
|#4||XTB||Best for beginners||4.5/5||Best for beginners||Official website|
|#5||Pepperstone||Low trading fees||4.8/5||Best for low fees||Official website|
TOP 5 Forex Brokers in Overview:
01. Swissquote: The Best Afghani Broker With Comprehensive Banking Services
Swissquote is the best beginner-friendly online broker for forex and CFD trading. It is reliable and well-regulated by top-tier authorities. The asset variety at Swissquote includes stocks, features, funds, and options.
Our review reveals that Swissquote has an excellent platform. It offers fast deposit and withdrawal, along with excellent research tools.
02. Saxo Bank: The Best Forex Broker With Low Trading Fees.
Founded in 1992, Saxo Bank is a low-risk, well-regulated bank by the FCA (UK), FINMA (Switzerland), ASIC, FSC (Australia), and JFSA (Japan). They are an excellent forex and CFD broker known for their intuitive SaxoTraderGO platform, competitive pricing, and more than 40,000 trading instruments. The overall user experience is great. The opening deposit is USD 10,000 (GBP 500 for the UK, SGD 500 for Singapore).
Saxo Bank provides a unique platform and competitive pricing. They combine high-quality in-house research with top-tier third-party providers to offer an outstanding research experience. Their customer service is outstanding. UAE citizens are offered the ability to trade in compliance with Sharia law using an Islamic account. Support is available in the Arabic language by email or directly in the local offices.
03. XM: The Leading Forex Trading Broker In Afghanistan.
XM.com is the best broker for forex and CFD trading. They offer the best Social Copy Trading opportunities through their full suite of MT4 and MT5 web, desktop, and mobile platforms. XM Forex tools and accounts are suitable for both beginning and experienced traders. They have more than 1.5 million clients in 196 countries.
Their minimum opening fees range from $5 to $100 based on account type. XM Forex supports clients wanting to sample their platform with a Demo account. They provide auto-trading, fast order executions, multiple order types, and no hidden commissions. Their research group Tradepedia offers courses aimed at all levels. XM Forex customer service group is highly rated with e-mail, phone, and live chat 24/5. XM Forex Global Web-trade is regulated by CySEC (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investments Commission), IFSC and is considered a safe broker for trading forex and CFDs.
04. XTB: The Best Beginner-Friendly Broker For Afghani Traders
XTB is a forex and CFD trader with a long track record on the market. It is highly regulated by the leading financial regulators, including the FCA and Cyprus’s CySec. XTB is listed on the Warsaw stock exchange.
This online broker has impressive research tools. Withdrawing and depositing funds with XTB is transparent and fast.
05. Pepperstone: The Best Forex Broker With Competitive Pricing.
Based in Melbourne, Pepperstone is a reliable Forex and CFD broker, known for its diversity of trading platforms, industry-leading pricing, fast account opening, and great support. Pepperstone users can trade many assets including forex, CFDs, cryptocurrencies, indexes, shares, and commodities. This broker is excellent for traders at all levels, from beginners to advanced.
Pepperstone offers MetaTrader and cTrader with multiple self-developed add-ons. They do not have a proprietary mobile platform, instead use MT4 and cTrader mobile apps. It has a low minimum deposit, great customer support, and an above-average research section, and an award-winning set of educational tools.
Swissquote, Saxo Bank, XM, XTB, and Pepperstone are the best forex brokers in Afghanistan. Saxo Bank offers lower fees and better spreads if you pay the required US$10,000 initial deposit. Each broker included in this review has a reliable trading platform and a variety of assets.
Frequently Asked Questions
We reviewed these forex brokers with real accounts and money. Our decisions depend on 105 criteria, like learning tools, research, and safety. Read about our reviewing techniques in our Methodology section.
How We Identify A Reliable Forex Broker?
We analyze several aspects before identifying reliable Afghani forex brokers. Safety and security, product range, and fees are some of the key points we discuss.
Safety Risks For Afghani Citizens
Forex trading is legal in Afghanistan, but it is a new market, and there are many scams. The best way to avoid scams is to sign up with brokers with top-tier licenses. Scam brokers cannot get licenses from international regulators such as the FCA, CySEC, and ASIC. Most traders select a forex broker licensed under a reputable jurisdiction.
What Is The Financial Regulatory Authority In Afghanistan?
The financial regulatory authority in Afghanistan is the DA Afghanistan Bank. It oversees all banking and transactions. The DAB focuses on trading equity and financial inclusion.
DAB handles the licensing and regulation of online brokers, but licenses from the FCA, ASIC, and CySEC are best. Read about DAB on Wikipedia or their official website.
How We Chose The Top International Forex Brokers For Afghani Residents?
We select the leading forex brokers for Afghani residents after in-depth research. We use 105 criteria like:
Costs: A trustworthy Afghani forex broker has a transparent fee structure. Some brokers have higher fees than others. Read our in-depth reviews to learn about each broker’s costs.
Account: Account types differ from one forex broker to another. Some online brokers have a single account type. Others offer diverse account tiers. Check what kind of account you need by reading our in-depth forex brokers’ reviews.
Withdrawal and deposit: Withdrawing and depositing funds should be simple. Some forex brokers request a minimum deposit fee. Others don’t charge you for opening an account. Verify which forex broker has the best withdrawing and depositing process in our in-depth reviews.
Market and products: Assets and markets are different from one broker to another. Read our in-depth reviews to learn about the market and products available with forex brokers.
Trading platforms: An excellent trading experience begins with a professional platform. Choose a forex broker with a straightforward trading platform. The brokers reviewed above offer premium platforms but might be challenging to use. Learn from our reviews which platform suits your trading needs.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best forex brokers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a brokers platform.
The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
Disclaimer: By trading with securities you are taking a high degree of risk. You can loose all of your investment money. You should start trading only if you are aware of this risk. Business24-7 is not providing any investment advice, we only help you find the best broker based on your needs and preferences. Business24-7 is free for everyone, but earns commission from some of the brokers. We get commission with no additional cost for you.
If you liked this article then also read:
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- 1 The Top 5 Forex Brokers For Afghani Citizens
- 2 TOP 5 Forex Brokers in Overview:
- 2.1 01. Swissquote: The Best Afghani Broker With Comprehensive Banking Services
- 2.2 02. Saxo Bank: The Best Forex Broker With Low Trading Fees.
- 2.3 03. XM: The Leading Forex Trading Broker In Afghanistan.
- 2.4 04. XTB: The Best Beginner-Friendly Broker For Afghani Traders
- 2.5 05. Pepperstone: The Best Forex Broker With Competitive Pricing.
- 2.6 Final Verdict
- 2.7 Frequently Asked Questions
- 2.8 How We Identify A Reliable Forex Broker?
- 2.9 Safety Risks For Afghani Citizens
- 2.10 What Is The Financial Regulatory Authority In Afghanistan?
- 2.11 How We Chose The Top International Forex Brokers For Afghani Residents?