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Best Forex Brokers In Syria 2021

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The best forex brokers in Syria in 2021 are IQ Option, AVATrade, XM, Pepperstone, and Interactive Brokers. Some Syrian traders prefer the low trading fees at Pepperstone. Others choose AVATrade for its comprehensive web trading platform. Each broker has its advantages depending on your trading needs. Read more to find out why. 

This article discusses the best forex brokers in Syria in 2021.  

The Top 5 Forex Brokers Of 2021 For Syrian Citizens  

This review uses a Trust Score Ranking system. The brokers listed below are the top forex providers in Syria:   

  1. IQ Option is the leading forex trading broker in Syria.
  2. AVAtrade has the best web trading platform for Syrian customers. 
  3. XM has an excellent mobile trading platform.
  4. Pepperstone  has the best trading fees and tools for beginner traders.
  5. Interactive Brokers provides advanced educational tools for all experience levels.

Best Forex Brokers in Syria 2021

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1IQ OptionBest overall offer4.9/5Options, stocks, forex and cryptoOfficial website
#2AVAtradeBest web trading platform4.9Web Trading PlatformOfficial website
#3XMBest for forex trading4.9Mobile Trading PlatformOfficial website
#4PepperstoneLowest trading fees4.8/5Low feesOfficial website
#5Interactive BrokersBest overall offer4.8/5Advanced Educational ToolsOfficial website

TOP 5 Forex Brokers in Overview:

01. IQ Option: The Leading Forex Trading Broker In Syria

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.


02. AVA Trade: The 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.


03. XM: The Best Mobile Trading Platform

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, IFSC and is considered a safe broker for trading forex and CFDs.


04. Pepperstone: The Best Trading Tools For Beginner Syrian Traders

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.


05. Interactive Brokers: The Best Advanced Educational Tools

Interactive Brokers is a safe online broker known for its Trader’s Workstation platform, zero commission trades, great variety of trading tools and leading pricing for professionals. We recommend it to casual investors and advanced traders.

Interactive Brokers offers access to 135 global markets in 33 countries. Its portfolio is vast and has 68 distinct order types including: Stocks, Options, Futures, Bonds. All these assets are available in 31 currencies. Professional traders enjoy the industry-leading low fees and low margin rates. It has premium trading platforms for Day, Mobile, Options, and Futures traders.  Both casual and beginner traders can use this broker’s platform. It is straightforward and has diverse research and education tools. 


Final Verdict  

IQ Option, AVATrade, XM, Pepperstone, and Interactive Brokers are the best forex brokers in Syria in 2021. Each broker has strengths and weaknesses. Each broker listed above offers professional trading tools and research options. IQ Option is our top choice because of its well-rounded offering. Beginner traders will prefer Pepperstone, while traders looking for advanced trading tools will prefer AVATrade. Read about their services and offering in our in-depth reviews. 

Frequently Asked Questions  (FAQ)

We test each forex broker with real accounts and money. We use 105 criteria to determine which Syrian broker is trustworthy. Learn about our reviewing techniques in our methodology section. 

How We Identify A Reliable Forex Broker?   

One critical aspect we review is security. Forex trading is legal in Syria, but it is unregulated. That means there are no governmental protections, and there is a higher risk of losing your money. We selected the best forex brokers for Syrian citizens by using many factors. Security, spreads, assets, research, and educational tools are vital aspects we evaluate. 

Safety Risks For Syrian Citizens     

A trustworthy and reliable Syrian broker has top-tier licenses from regulators like the ASIC, FCA, or CySEC. Syrian citizens need to check for licenses from foreign regulators because there is no local authority that regulates forex in Syria. Experienced brokers have a banking history or a presence on an exchange market. 

What Is The Financial Regulatory Authority In Syria?      

The Central Bank of Syria is the financial regulatory authority in Syria. It promotes transparency and efficiency for all payment systems. The CBS oversees all online trading activities but does not directly regulate forex trading. Read about the CBS on  Wikipedia.  

The Syrian Commission on Financial Markets and Securities oversees financial affairs and recommends all Syrian traders to choose a foreign-regulated forex broker. Read more about the SCFMS  here.  

How We Chose The Top International Forex Brokers For Syrian Residents?      

We select the leading international forex brokers for Syrian customers after thorough research. We use 105 criteria like: 

Costs:  A reliable Syrian broker has a transparent fee structure. Some brokers have higher commissions than others. Read our in-depth review to learn about forex trading fees and “all-in costs.” 

Account:  Each Syrian broker has distinct account types. Some forex brokers have a single account type. Others let you choose from different account tiers. Check account types available with a broker by reading our in-depth reviews. 

Withdrawal and deposit:  Managing your funds should be a transparent and straightforward process. Some Syrian forex brokers have a minimum deposit fee. Others won’t charge you for creating an account. Learn which online broker has the best withdrawing and depositing process in our in-depth reviews. 

Market and products:  Market and products differ from one forex broker to another. That means not all currency pairs will be available at all brokers. If you have a specific currency pair you plan to trade, make sure your broker offers it before you sign up. Learn from our in-depth reviews about assets, availability, and forex brokers. 

Trading platforms:  A great trading experience requires a straightforward and well-equipped platform. Choose a forex broker with a platform you can use easily. The brokers included in this review have excellent platforms but might be challenging for the beginner trader. Read our reviews to learn which platform is best for your level of trading experience. 

Our Methodology

We took the time to analyze and compare the top 30 international trading platforms in 2020. 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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