The best trading platforms in Lebanon in 2021 are Saxo Bank, AVATrade, Swissquote, XTB, and Interactive Broker. Some traders prefer the low trading fees at Interactive Broker. Others choose the professional tools at Saxo Bank.
This article reviews the top online brokers in Lebanon in 2021.
The Top 5 Online Brokers Of 2021 For Lebanese Citizens
- Saxo Bank is the leading online broker in 2021.
- AVAtrade has the best web trading platform for Lebanese residents.
- Swissquote has the best beginner-friendly platform with a variety of tradable assets.
- XTB is the best broker for forex trading in Lebanon.
- Interactive Broker has the lowest trading fees for Lebanese citizens.
Best Online Brokers Lebanon 2021
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||Saxo Bank||Best for premium traders||4.9/5||Different assets||Official website|
|#2||AVAtrade||Best web trading platform||4.8/5||Low spreads||Official website|
|#3||Swissquote||Best Banking services||4.8/5||Easy to use||Official website|
|#4||XTB||Best for forex trading||4.6/5||Forex trading||Official website|
|#5||Interactive Brokers||Best overall offer||4.4/5||Low fees||Official website|
TOP 5 Trading Platforms in Overview:
01. Saxo Bank: The Best Lebanon Broker In 2021
Founded in 1992, Saxo Bank is a low-risk, well-regulated bank by the UK’s FCA (Financial Conduct Authority), FINMA (Switzerland), ASIC (Australian Securities and Investment Commission), FSC (Australia), and JFSA (Japanese Financial Services Agency). They are an excellent forex and CFD broker known for their intuitive SaxoTraderGO platform, competitive pricing, and more than 40,000 trading instruments. The overall user experience is great. The opening deposit is USD 10,000 ( GBP 500 for the UK, SGD 500 for Singapore).
Saxo Bank provides a unique platform and competitive pricing. They combine high-quality in-house research with top-tier third-party providers to offer an outstanding research experience. Their customer service is outstanding. UAE citizens are offered the ability to trade in compliance with Sharia law using an Islamic account. Support is available in the Arabic language by email or directly in the local offices.
02. AVA Trade: The Best Web Trading Platform In Lebanon
Founded in Dublin in 2006, AvaTrade offers average-to-competitive fee spreads and several tradable currency pairs, and CFD’s overstocks. They provide several online trading 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. Swissquote: The Best Beginner-friendly Platform
Swissquote is the best beginner-friendly online broker for forex and CFD trading. It is reliable and well-regulated by top-tier authorities. The asset variety at Swissquote includes stocks, features, funds, and options.
Our review reveals that Swissquote has an excellent platform. It offers fast deposit and withdrawal, along with excellent research tools.
04. XTB Trading: The Best Overall Forex And CFD Trading Platform For Lebanese Citizens
XTB is a forex and CFD trader with a long track record on the market. It is highly regulated by the leading financial regulators, including the FCA and Cyprus’s CySec. XTB is listed on the Warsaw stock exchange.
This online broker has impressive research tools. Withdrawing and depositing funds with XTB is transparent and fast.
05. Interactive Brokers: The Lowest Trading Fees For Lebanese Traders
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.
Saxo Bank, AVATrade, Swissquote, XTB, and Interactive Broker are the best brokers in Lebanon in 2021. These brokers offer reliable platforms and excellent product coverage.
Frequently Asked Questions
We review online platforms with real accounts and money. We used 105 criteria to determine the reliability of each broker. Read about our techniques in our Methodology section.
How We Identify A Reliable Platform?
Safety and security is an important element in our reviews. We identified the leading trading platforms for Lebanese clients using many factors. Assets, costs, research, and education options represent some of the aspects we discuss.
Safety Risks For Lebanese Citizens
A trustworthy Lebanese broker has top-tier licenses and a long track record in the industry. A professional broker has a notable presence on an exchange market or a banking history.
Not all brokers follow transparent policies. Read about safety risks and concerns for each broker in our in-depth reviews.
What Is The Financial Regulatory Authority In Lebanon?
The Banking Control Commission of Lebanon is an independent financial regulatory body. It oversees all activities related to banking, including online trading. Read about the BCCL on their official website.
The Central Bank of Lebanon (BANQUE DU LIBAN) is the regulatory body that manages banking and finances. The CBL encourages Lebanese traders to use brokers with top-tier licenses. Learn about the CBL on their official website.
How We Chose The Top International Trading Platforms For Lebanese Residents?
We use 105 data points to identify the best trading platforms in Lebanon. Those data points are further groups into five categories, listed below:
Costs: A trustworthy broker has a transparent fee policy. Some online brokers have higher fees than others. It would be best if you learned about online trading costs from our reviews.
Account: Not all brokers request a minimum deposit fee. Some Lebanese brokers won’t request an initial deposit for a new account.
Withdrawal and deposit: Withdrawing and depositing funds should be a straightforward process. Read in our reviews about the policies relevant to Lebanese traders.
Market and products: Asset coverage varies from one broker to another. Learn about the market and products of each broker in our in-depth reviews.
Trading platforms: The best online trading experience starts with a straightforward platform. Choose a broker who offers a reliable platform with simple to understand tools.
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.
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 than also read:
- 1 The Top 5 Online Brokers Of 2021 For Lebanese Citizens
- 2 TOP 5 Trading Platforms in Overview:
- 2.1 01. Saxo Bank: The Best Lebanon Broker In 2021
- 2.2 02. AVA Trade: The Best Web Trading Platform In Lebanon
- 2.3 03. Swissquote: The Best Beginner-friendly Platform
- 2.4 04. XTB Trading: The Best Overall Forex And CFD Trading Platform For Lebanese Citizens
- 2.5 05. Interactive Brokers: The Lowest Trading Fees For Lebanese Traders
- 2.6 Final Verdict
- 2.7 Frequently Asked Questions
- 2.8 How We Identify A Reliable Platform?
- 2.9 Safety Risks For Lebanese Citizens
- 2.10 What Is The Financial Regulatory Authority In Lebanon?
- 2.11 How We Chose The Top International Trading Platforms For Lebanese Residents?