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In this guide, we discuss the best trading platforms in Azerbaijan. We have tested 174 brokerage firms and analyzed their platforms in 8 top categories. We focused on all characteristics of their service, including research & education, platforms, mobile app availability, trading costs, asset portfolios, licenses, and customer service.
Below, we share our findings on the highest-scoring platforms.
Top 4 Trading Platforms in Azerbaijan
- Interactive Brokers – Best trading platform overall
- Capital.com – Best in research and education
- Saxo Bank – Best for Advanced Traders
- XTB – Ideal for users looking to trade forex and CFDs
Best Online Trading Platforms Azerbaijan
| PLATFORM | SCORE | GENERAL INFO | MINIMUM DEPOSIT | |
| #1 | Interactive Brokers | 4.9 | Best trading platform Overall | $0 |
| #2 | Capital.com | 4.7 | Best Broker for Algorithmic Traders | $0 |
| #3 | Saxo Bank | 4.9 | Best For High Volume Traders | $10.000 |
| #4 | XTB | 4.5 | Ideal for users looking to trade forex and CFDs | $250 |
Below section breaks down the best trading platforms in Azerbaijan, beginning with the highest rated…
1. Interactive Brokers – Best Trading Platform Overall
Min Deposit: 0 ($2000 for margin account)
Fees: 4.9
Assets available: 4.9
Total Fees:
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.
Interactive Brokers is a trustworthy broker with powerful services and platforms. It has a well-established offer of tradable markets and professional order types. Interactive Brokers offers valuable learning opportunities with its industry-leading platform. It has a simple fee policy with no hidden costs. Their Global Trader platform is entry-level and has an intuitive approach.
Seasoned and experienced traders appreciate the extensive selection of professional tools and order types available with the Trader Workstation desktop platform. It offers access to popular asset classes and financial markets.
Pros
- Best market coverage in the industry (100k+ assets on different instruments)
- Access to 16,500 shares and 8,000 stocks as CFDs
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Industry leading fee structure
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
2. Capital.com – Best For Research And Education
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
Capital.com is a popular brokerage firm with traders searching for a discount broker. It offers a reliable platform with access to different learning and research tools. Capital.com has professional research tools and trading interfaces. It has access to many tradable assets, including stocks, forex pairs, CFDs on cryptos, and commodities.
This broker has licenses from the ASIC, CySEC, FCA, and FSA. Capital.com has a premium mobile trading experience and a professional web trading platform. It offers day trading services and beginner-friendly tools.
Pros
- Newsroom grade educational videos and analysis
- Award winning education and research section
- New age mobile trading app
- Real time market updates and price alerts
- Hedging and risk management tools
Cons
- MT4 and MT5 not available
- Market access is industry average
Key features
- Access to 6.000 tradable symbols and 477 cryptocurrency CFDs
- High quality research and educational content
- Patented AI trade bias system
- $20 minimum deposit
- No inactivity fees
3. Saxo Bank – Best Trading Platform For High Volume Traders
Min Deposit: $2000
Fees: 4.7
Assets available: 4.9
Total Fees:
69% of retail investor accounts lose money when trading CFDs with this provider.
Saxo Bank is a popular global brand known for its premium trading experience. It offers exclusive trading conditions for high-volume traders. Saxo Bank has an industry-leading platform with powerful safety protocols. It provides excellent trade execution on desktop and mobile. It has a high minimum deposit of $10,000.
Saxo Bank has above-average customer service available in Arabic and English on the phone or by email. It offers top-tier third-party market data and news and a versatile portfolio.
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
4. XTB – Best Trading Platform For Forex And CFD Trading
Min Deposit: $0
Fees: 3.7
Assets available: 2.9
Total Fees:
XTB is a top choice for beginner and intermediate traders looking for a reliable forex and CFD platform. It offers a valuable proprietary platform, xStation5. This has an extensive list of learning tools and a minimalist design. XTB is a multi-asset broker with access to commodities, indices, cryptocurrencies, forex pairs, and ETFs.
This broker has a transparent fee structure with competitive trading costs. New traders receive access to knowledgeable support and valuable research and learning centers. All its platforms are intuitive and simple to use.
Pros
- Low trading fees
- Multilingual support (Available in Arabic)
- Cashback rebates and free paper trading account
Cons
- Only CFD trading
- Charges inactivity fees
Key features
- Access to 2,100+ of CFDs on stocks, indices, and commodities and 48 FX pairs
- Commission-less Stock and ETF CFD trading
- Daily market analysis videos, price tables, and economic calendar
- Micro-lot trading available
- Beginner-friendly mobile app (xStation Mobile)
- Multi-lingual support in English, Arabic and over 10 other languages
How To Pick The Right Platform?
The main aspects to focus on when picking a platform in Azerbaijan include trading fees, platforms, mobile apps, deposits & withdrawals, asset classes, customer support, and safety.
Fees: Select a broker with a simple fee structure and avoid providers with high trading costs, hidden fees, and overnight commissions. Commission and spread fees are standard with brokerage accounts in Azerbaijan.
Trading Platforms: Platforms need to be user-friendly, offer access to essential tools and indicators, and are simple to use by traders at all levels. We recommend you choose a platform with a technical charting interface, news, and built-in market data.
Mobile Trading: Mobile apps need to offer the same trading experience as their web versions. Select apps with the same trading tools as their other versions and full-screen charting options.
Deposit & Withdrawal: Deposit and withdrawal have to be straightforward and transparent. Choose a brokerage firm that provides access to your preferred funding methods.
Assets: We recommend you choose a broker with a versatile portfolio and access to different asset classes. Azerbaijan traders receive access to many assets, including options, FOPs, forex, indices, stocks, cryptos, spot gold, and ETFs.
Regulation: Online brokers with top-tier licenses comply with strict rules enforced by secure regulators. These brokers offer the highest security standards. You should consider platforms with FCA, ASIC, and CySEC licenses.
Research & Education: New traders and investors need to consider a broker with access to valuable learning and research materials, including webinars, market updates, training, and a personal account manager.
Customer Support: Customer service is essential for an outstanding trading experience. Inexperienced traders should look out for responsive support available in their language.
*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.
Trading Platform Regulation In Azerbaijan
The Central Bank of the Republic of Azerbaijan (CBRA) controls trading platform regulations in Azerbaijan. The CBRA oversees online trading activities and financial services. Any Azerbaijani broker or international broker offering investment services has to have a valid license.
License Verification
License verification is important for your online trading success. You can check the validity of a trading license by accessing the official website of the CBRA. Look out for the broker’s name in the documents section. If the brokerage firm has its headquarters outside Azerbaijan, you need to verify the official websites of FCA, CySEC, FINRA, BaFIN, or ASIC. Check their database of Registered Entities. If the search has zero results, you might be dealing with an unlicensed platform or broker. We recommend you avoid unlicensed platforms and choose platforms with top-tier licenses.
Conclusion
Based on our review, we consider Interactive Brokers as the best trading platform for Azerbaijani residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
Capital.com is the second best trading platform for Azerbaijan residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. Saxo Bank and XTB are finishing up our list of top platforms with a great overall offer and above average ratings.
FAQ
Are There Commission-Free Platforms In Azerbaijan?
Yes, there are commission-free trading platforms in Azerbaijan that have 0% fees on trading.
How Much Should I Invest When Trading Online in Azerbaijan?
You should always start with the minimum deposit amount. Online brokers have you create a brokerage account that has, on average, a $50 deposit requirement.
Is Crypto Trading Available In Azerbaijan?
Crypto trading is available in Azerbaijan, and top brokers provide Bitcoin trading with CFDs.
How To Verify If A Trading Platform Has a Valid License?
You can check if a broker or platform has a valid license on the ASAN service center’s main website.
Do Trading Platforms Need A License?
Yes, trustworthy brokerage firms request a license for their trading platforms. All providers need to achieve at least one license to offer their services in Azerbaijan.
Are There Any Safety Risks For Traders In Azerbaijan?
Day trading comes with many risks. Online trading in Azerbaijan is legal. But you need to use the services of a brokerage firm that follows strict rules and has top-tier licenses.
Are Trading Apps Secure?
Yes, most brokerage firms offer access to secure trading apps. These use the same safety protocols as their web versions. A one-time password and a user ID are necessary to access your account from a mobile device.
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.