In this guide, we go over the best trading platforms in Nepal. 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 6 Trading Platforms in Nepal
- IQ Option – Best trading platform overall
- Interactive Brokers – Great Overall Pick
- Saxo Bank – Best for Advanced Traders
- Pepperstone – Great research and education section
- Tickmill – Great MetaTrader suite implementation on competitive pricing
- eToro – Best for Social and Copy Trading
Best Online Trading Platforms Nepal
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||IQ Option||4.7||Best trading platform Overall||$10|
|#2||Interactive Brokers||4.9||Great Overall Pick||$0|
|#3||Saxo Bank||4.9||Best for Advanced Traders||$10.000|
|#4||Pepperstone||4.8||Great research and education section||$200|
|#5||Tickmill||4||Great MetaTrader suite implementation on competitive pricing||$100|
|#6||eToro||4.7||Best For Copy Traders||$200|
Below section breaks down the best trading platforms in Nepal beginning with the highest rated…
01. IQ Option: Best Platform Overall
IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.
IQ Option is a trustworthy and reliable market maker broker commissioned by CySEC and subject to the highest standards of regulation in the industry. Options trading is no longer available.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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. Saxo Bank: Best For High Volume Traders and Investors
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
04. Pepperstone: Great research and education section
Pepperstone is a trusted Forex and CFD broker well know for its support of multiple copy trading platforms, great variety of tradable assets and a enormous research and education section. The combined offering of cTrader, MetaTrader and various social trading features makes this broker s great fit for copy traders and algorithmic traders.
Pepperstone is available through 24/5 phone and online chat support plus offers an extensive FAQ web section, and e-mail.
05. Tickmill: Great MetaTrader suite implementation on competitive pricing
Tickmill is a reputable online broker and a great choice for investors looking for a great MetaTrader suite implementation on competitive pricing. Despite not having a proprietary platform, they offer full availability of third party solutions including the MetaTrader suite, CQG platforms for options trading and TradingView charting addons. Education, research and market coverage are industry average.
Their pricing on Classic and VIP accounts is at the level of industry leading low cost brokers. Choose Tickmill if you are a high volume trader looking to place trades on the most popular currency pairs and CFDs.
06. eToro: Best Broker For Social Trading
eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. 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 in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Nepal 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 Nepal 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. Nepal 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 Nepal
Online trading in Nepal is available through the Nepal Stock Exchange (NSE). This exchange is located in Singha Durbar Plaza and is the only stock exchange in the country. It is regulated by the Securities Board of Nepal and lists 193 Nepalese based companies. If Nepalese citizens want to invest in stocks or other financial instruments, not part of the NEPSE Index, they have to use an offshore brokerage account or trading platform. If you live in Nepal and want to trade online, we recommend trading with the brokers and trading platforms mentioned in this guide.
Online Trading Regulation
The Securities Board of Nepal (SEBON) regulates the securities market in Nepal. All Nepal-based companies that want to offer trading or other financial services to Nepalese citizens have to apply for a license with them. Brokers based abroad don’t need such a license and can freely market their products and services to Nepalese traders and investors.
The Nepal Rastra Bank (NRB) has issued a ban on cryptocurrency trading. This means Nepalese citizens cannot legally trade or invest in cryptocurrencies for the time being.
You can verify the validity of Nepalese brokers by going to the official website of the Securities Board of Nepal and searching the listed companies for your broker’s name. If nothing comes up, the broker isn’t licensed and we don’t recommend trading with them. Offshore broker verification is done the same way, only by using the official websites of international regulatory bodies like CySEC, FINRA, BaFIN, ASIC, or FCA. Most cryptocurrency exchanges operate unlicensed as there are no rules in place for them.
Based on our review, we consider IQ Option as the best trading platform for Nepal 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 Nepal residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. Saxo Bank, Pepperstone, Tickmill, and eToro are finishing up our list of top platforms with a great overall offer and above average ratings.
Are There Commission-Free Trading Platforms In Nepal?
Yes, there are trading platforms available in Nepal that offer 0% commission trading like eToro.
How Much Should I Invest When Trading Online in Nepal?
You should always invest at least the minimum deposit amount Nepal and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Nepal?
Yes, crypto trading is available to Nepal 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 broker or trading platform has a valid license by checking the ‘Registered Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA. For Nepal-based brokers, you can check the website of the Securities Board of Nepal 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 6 Trading Platforms in Nepal
- 2 Best Online Trading Platforms Nepal
- 2.1 01. IQ Option: Best Platform Overall
- 2.2 02. Interactive Brokers: Great Overall Pick
- 2.3 03. Saxo Bank: Best For High Volume Traders and Investors
- 2.4 04. Pepperstone: Great research and education section
- 2.5 05. Tickmill: Great MetaTrader suite implementation on competitive pricing
- 2.6 06. eToro: Best Broker For Social Trading
- 2.7 How To Pick The Right Platform?
- 2.8 Online Trading In Nepal
- 2.9 Online Trading Regulation
- 2.10 Licence Verification
- 3 Conclusion