In this guide, we go over the best trading platforms in Kyrgyzstan. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.
Trading platforms that reached the highest scoring are considered in the following list:
Top 4 Trading Platforms in Kyrgyzstan
- CMC Markets – Best trading platform overall
- Interactive Brokers – Great Overall Pick
- Capital.com – Best in research and education
- ActiveTrades – Regulated by the UK FCA
Best Online Trading Platforms Kyrgyzstan
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||CMC Markets||5||Best trading platform Overall||$0|
|#2||Interactive Brokers||Great Overall Pick||$0|
|#3||Capital.com||4.7||Best in research and education||$20|
|#4||ActiveTrades||Regulated by the UK FCA||$500|
Below section breaks down the best trading platforms in Kyrgyzstan beginning with the highest rated…
01. CMC Markets: Best Platform Overall
CMC Markets is a reputable online broker known for its award winning trading experience, excellent selection of tradable instruments and industry leading pricing. With over 12.500 tradable instruments across all asset classes, CMC is among industry leaders in market coverage.
Their proprietary trading platform called Next Generation is reliable, fast executing and fully packed with useful trading tools and indicators. It features an impressive education and research section full of quality in-house and third party content.
CMC Market offers the lowest commissions and fees in the industry. Low spread fees (0.73 pip on EUR/USD) are available for traders at all levels and accounts. Additional bonuses and rebates for active traders makes CMC Markets a market leader in costs and fees.
02. Interactive Brokers: Great Overall Pick
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
03. Capital.com: Best For Research and Education (Discount Broker)
Capital.com is a top choice for traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities and forex pairs.
Founded in 2016, Capital.com is an international fintech company which has group of entities authorised and regulated by the Financial Conduct Authority (“FCA”), the Australian Securities and Investments Commission (“ASIC”), the Cyprus Securities and Exchange Commission (“CySEC”), and the Financial Services Authority of Seychelles (“FSA”). It does not operate a bank and is not publicly traded.
Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features. Beginner traders will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.
04. ActiveTrades: Broker regulated by the UK’s Financial Conduct Authority (FCA)
ActivTrades is a reputable forex and CFD broker regulated by the UK’s Financial Conduct Authority (FCA). Their proprietary trading platform called ActivTrader is intuitive, fully customizable and offers a clear report on trading fees. Account opening is fast and easy, deposits and withdrawals are free of charge. Trading fees are below industry average.
ActiveTrades charges an inactivity fee. Tradable assets are limited to basic classes and instruments which will not be enough for professional traders. Research and educational materials are slim.
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Kyrgyzstan include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.
Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Kyrgyzstan brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.
Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.
Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.
Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.
Assets: Look for coverage of preferred assets. Kyrgyzstan traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.
Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.
Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.
Customer support: Beginner traders should look out for responsive and professional customer 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.
Online Trading In Kyrgyzstan
All online trading in Kyrgyzstan takes place on the Kyrgyzstan Stock Exchange (KSE). Founded in 1994, it lists all of the Kyrgyzstan domestic companies. If citizens from Kyrgyzstan want to trade or invest in commodities, ETFs, cryptocurrencies, forex, CFDs, stock from international companies or other financial instruments they have to use offshore brokerage services. We recommend Kyrgyzstan citizens to trade with the safe and reliable brokers mentioned in this guide.
Online Trading Regulation
The Service for Regulation and Supervision of Financial Markets of the Kyrgyz Republic (SSRSFM) regulates the trading and investment sector of Kyrgyzstan. If a broker, trading platform, or cryptocurrency exchange wants to offer trading and investments services to citizens of the country, they will need to apply for a license with the SSRSFM. Companies based outside of Kyrgyzstan that want to offer these types of services to residents of Kyrgyzstan do not have to apply for a license with the SSRSFM.
The cryptocurrency trading and mining industries are regulated in Kyrgyzstan. This means that it is legal to buy, trade, and mine cryptocurrencies. The SSRSFM warns traders and investors of the high volatility and risks involved in this sector.
You can verify the validity of the license of any company operating in the Kyrgyzstan finance sector by searching its name in the database on the official website of the Ministry of Finance of the Kyrgyz Republic. If the name doesn’t come up, the broker, trading platform, or exchange doesn’t have a license and might be regulated by the CySec, FCA, ASIC, or other regulatory body. It can also be the case that you are dealing with an unregulated broker. We don’t recommend trading with unregulated parties.
Based on our review, we consider CMC Markets as the best trading platform for Kyrgyzstan residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
Interactive Brokers is the second best trading platform for Kyrgyzstan residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. Capital.com, and ActiveTrades are finishing up our list of top platforms with a great overall offer and above average ratings.
Are There Commission-Free Trading Platforms In Kyrgyzstan?
Yes, there are trading platforms available in Kyrgyzstan that offer 0% commission trading.
How Much Should I Invest When Trading Online in Kyrgyzstan?
You should always invest at least the minimum deposit amount Kyrgyzstan and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Kyrgyzstan?
Yes, crypto trading is available to Kyrgyzstan citizens. The leading trading platforms offer Bitcoin trading via CFDs.
How To Check If A Trading Platform Has a Valid License?
You can check if a trading platform has a valid operating license on the Ministry of Finance of the Kyrgyz Republic’s official website. If the broker is based outside of Kyrgyzstan, you can check the official websites of CySEC, FINRA, ASIC, BaFin, or FCA instead.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were 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.
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.
If you liked this article then also read:
- Saudi Arabia
- 1 Top 4 Trading Platforms in Kyrgyzstan
- 2 Best Online Trading Platforms Kyrgyzstan
- 2.1 01. CMC Markets: Best Platform Overall
- 2.2 02. Interactive Brokers: Great Overall Pick
- 2.3 03. Capital.com: Best For Research and Education (Discount Broker)
- 2.4 04. ActiveTrades: Broker regulated by the UK’s Financial Conduct Authority (FCA)
- 2.5 How To Pick The Right Platform?
- 2.6 Online Trading In Kyrgyzstan
- 2.7 Online Trading Regulation
- 2.8 Licence Verification
- 3 Conclusion