Page Summary
The best forex brokers in Jordan are IQ Option, Pepperstone, AVATrade, and XM. These brokers have top-tier licenses and a long track record on the market.
Every broker has its strengths and weaknesses. This article discusses the best forex brokers in Jordan.
The Top 4 Forex Brokers For Jordanian Citizens
We use several criteria and a Trust Score ranking system to identify the best brokers. The brokers listed in this article are the best brokerage firms in Jordan:
- IQ Option has the best overall offer for forex trading in Jordan.
- Pepperstone has the lowest fees for Jordanian residents.
- AVATrade has the best web trading platform.
- XM has the best forex trading platform in Jordan.
Best Online Trading Platforms in Jordan
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
| #1 | IQ Option | Best overall offer | 3.3/5 | Binary Options | Official website |
| #2 | Pepperstone | Best for social trading | 4.9/5 | Low fees | Official website |
| #3 | AVAtrade | Best web trading platform | 4.9/5 | Lowest spreads | Official website |
| #4 | XM | Best for forex trading | 4.1/5 | Forex trading | Official website |
TOP 4 Forex Brokers In Overview:
1. IQ Option – Best Overall Offer For Jordanian Residents
Min Deposit: $10
Fees: 3.3
Assets available: 2.0
Total Fees:
IQ Option is the best online broker for options trading, known for low spreads, a sophisticated trading platform, free demo account options, and responsive customer support. It is a great platform for traders looking to invest in options on a feature-rich and easy-to-use platform.
The trading experience on their proprietary web, desktop, and mobile (Android and iOS) platforms is smooth. It is an easy to learn and navigate platform suitable for professional and beginning traders. Their platform offers a great variety of charting tools that help traders predict future market movements.
IQ Option is a trustworthy online broker subject to the highest standards of safety in the industry.
Pros
- Multi-chart platform layout with technical analysis
- Fast trade execution
- 24/7 customer support in Arabic and English
- Free demo account with $10.000 virtual money
- Leverage of up to 1:1000
Cons
- Trading fees are above industry average
- Inactivity fee $10/90days
Key features
- Access to a wide variety of markets
- Great research and education tools
- User friendly platform
- $10 minimum deposit and $1 minimum trade requirement
- Access to 3000+ tradable symbols
2. Pepperstone – Best Forex Trading Fees
Min Deposit: $200
Fees: 4.9
Assets available: 4.8
Total Fees:
Based in Melbourne, Australia, 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.
Pros
- Great for algorithmic and copy traders
- Multiple platform add-ons
- Competitive fees and commissions
- Advanced social trading features
- Excellent education and research section
- Competitive fee structure for day
Cons
- Lack of video educational resources
- Advanced order types missing
- Customer support not in Arabic
Key features
- 600 + stocks as CFDs available
- Great variety of trading platforms (MetaTrader + cTrader)
- Multiple advance trading add-ons
- Social trading features
- Competitive pricing for active traders
3. AVAtrade – Best Web Trading Platform
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
Founded in Dublin in 2006, AvaTrade offers average-to-competitive fee spreads and several tradable currency pairs and CFD’s over stocks. They provide several platforms, each aimed towards traders with different experience and skill levels.
Deposits and withdrawals are free of charge. The minimum deposit is $100. There are fees for inactivity and overnight financing. A dedicated educational and research site offers several free courses, videos, and market analysis. Customer support is responsive and available through phone, email, and live chat. AvaTrade is regulated in six jurisdictions and available since 2021 in the UAE. They are regarded as a trusted broker with a long operational history.
Pros
- Great Research and Educational tools
- Great Customer support
- Good choice of social trading options
Cons
- Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
4. XM – Best Forex Trading Platform In Jordan
Min Deposit: $5
Fees: 4.1
Assets available: 2.8
Total Fees:
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 (PC and Mac), 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 Investment Commission), IFSC and is considered a safe broker for trading forex and CFDs.
Pros
- Very good customer support
- Very competitive trading fees
- Good choice of different trading platforms
Cons
- Could have more deposit and withdrawal options
Key features
- Access to 1,000+ trading instruments
- Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
- No re-quotes nor order rejections
- Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
- Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
- Free VPS perfectly suited for EAs and other automated trading software
Final Verdict
IQ Option, Pepperstone, AVATrade, and XM are the best forex brokers in Jordan. All brokers mentioned in this article have reliable trading platforms and top-tier licenses. eToro is our top choice because of its premium social trading features.
Inexperienced Jordanian traders prefer XM for its straightforward user interface. Advanced traders choose Pepperstone for its sophisticated trading platform and low trading fees. Jordanian residents receive a premium trading experience and asset variety. Read about their services in our in-depth reviews.
FAQ
How We Identify A Reliable Forex Broker?
Account security is a core aspect of our research. We select the best forex brokers in Jordan depending on many factors. Fees, tools, accounts, and product range are some of the main aspects we discuss.
Safety Risks For Jordanian Citizens
Forex trading in Jordan is legal but remains unregulated. Experienced traders choose a brokerage firm licensed by a trustworthy authority. The most important top-tier forex trading licenses are from the FCA, ASIC, and CySEC.
What Is The Financial Regulatory Authority In Jordan?
The financial regulatory authority in Jordan is the Jordan Securities Commission. JSC handles the Jordan Capital Market and aims to prevent fraud. The Capital Market Authority is another regulatory body in Jordan. A broker with a CMA license is trustworthy and reputable.
How We Chose The Top International Forex Brokers For Jordanian Residents?
We select the top international forex brokers for Jordanian residents after in-depth research. We use 105 data points, like: Costs: A reliable Jordanian broker has a transparent fee policy. Some forex brokers have higher fees than others. Read our in-depth reviews to discover the “all-in costs” of each broker. Accounts: Each forex broker has different account tiers. Some Jordanian brokers offer a single account type. Others have several account tiers. Check what account type suits your trading needs by reading our in-depth reviews. Withdrawal and deposit: Withdrawing and depositing funds should be straightforward. Some Jordanian brokers have a minimum deposit fee. Others won’t request an initial deposit for creating an account. Verify which forex broker has the best withdrawing and depositing process in our in-depth reviews. Market and products: Market and products vary from broker to broker. Some online brokers have a wide range of currency pairs. Others offer access to a limited set. Read our in-depth reviews to learn about forex brokers and their offerings. Trading platforms: An excellent trading experience starts with an easy-to-use platform. Choose a broker with a reliable and straightforward platform. The brokers listed in this article have excellent platforms, but some are challenging to use. Verify our reviews to discover which platform is best for your trading experience.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.