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Best Forex Brokers in Jordan 2021

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The best forex brokers in Jordan in 2021 are eToro, IQ Option, Pepperstone, AVATrade, and XM. These brokers have top-tier licenses and a long track record on the market. Some Jordanian traders opt for professional social trading services at eToro. Others choose the lowest forex trading fees at Pepperstone. 

Every broker has its strengths and weaknesses. This article discusses the best forex brokers in Jordan in 2021. 

The Top 5 Forex Brokers Of 2021 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: 

  • eToro  has the best social trading services 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 2021

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroBest for copy trading4.9/5Social TradingOfficial website
#2IQ OptionBest overall offer4.9/5Binary OptionsOfficial website
#3PepperstoneBest for social trading4.8/5Low feesOfficial website
#4AVAtradeBest web trading platform4.9Lowest spreadsOfficial website
#5XMBest for forex trading4.9Forex tradingOfficial website

TOP 5 Forex Brokers In Overview:   

01. eToro: Best Social Trading Broker In Jordan 

etoro-login

eToro is a safe online broker regulated by top-tier financial regulators. It is known for its multi-asset, features-rich trading platform, and advanced social copy trading features. This lets users copy trades and portfolios from other traders. Built in a forum-like way, it allows engagement between peers through a comment section.

eToro offers a range of CFDs over stocks, currencies, crypto, indices, and commodities. Trading spreads are wide, deposits are free. There are conversion and inactivity fees.  eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat. 


02. IQ Option: Best Overall Offer For Jordanian Residents 

IQ-option-logo-2

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 regulation and safety in the industry. It is a CySEC authorized company with a 100% clean history.


03. Pepperstone: Best Forex Trading Fees 

pepperstone-logo-1

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.


04. AVATrade: Best Web Trading Platform 

avatrade-logo


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.


05. XM: Best Forex Trading Platform In Jordan 

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.


Final Verdict   

eToro, IQ Option, Pepperstone, AVATrade, and XM are the best forex brokers in Jordan in 2021. 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 the 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. 

Frequently Asked Questions   

We review Jordanian forex brokers with real accounts and money. Our findings depend on 105 criteria, like ease-of-use, safety, and account tiers. 

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. 

Our Methodology

We took the time to analyze and compare the top 30 international trading platforms in 2021. So, each firm received its review based on 105 distinct variables and more than 50,000 words of research.

Keep in mind that broker involvement was optional. Each broker had the option to provide a detailed profile and offer adequate time for a yearly update meeting. This opportunity came with two possibilities: giving information over the web or live in person.

We checked all the information provided by brokers with a lot of attention to details. Our purpose was to offer you access to reliable, accurate, and well-researched data. Our validation process comes with less than a 1% error rate per year, as all the reviews we share come with a focus on quality and not quantity.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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