Which Are The Top Trading Platforms In Syria?
Since online trading has been developing so rapidly and a range of options available to Syrian traders, it is our custom to update and refine our testing approach on an annual basis. Like every year, we have incorporated the results from our customer feedback surveys, trading platform reports, and the conclusions reached by our own analysts, into our methodology.
We go to great efforts to make sure our rankings are as up to date and reliable as possible. To help achieve this goal, our team of analysts have spent the last two months conducting last-minute checks and comparisons between all eligible trading platforms.
We are now confident that we have found the best platforms for traders in Syria. It is therefore with great pleasure that we can unveil our final rankings for 2020.
- IQ Option is the number one online broker in 2020. Easy to use trading platform, lots of trading assets and Highly regulated.
- AVAtrade is the best overall trading platform not really showing any weakness. Great for beginners and professional traders.
- eToro is the leading broker for social trading offering a variety of tradable assets and great research tools. Easy to use.
- XM Trade is the best trading platform for forex trading offering lots of different trading pairs and analysis tools. Great mobile trading platform.
- Pepperstone is an Australian based forex broker with a great overall performance and low trading fees. Great tools for beginner traders.
- Forex, Metals
- Dublin based forex broker
- Forex, Indices
IQ Option: Best for Options trading
With almost 16 million accounts and 3,6 million trades per day IQ Options is a legit and transparent trading platform following the latest financial regulations, which enables users to trade a variety of different instruments and assets like forex, stocks, binary options, cryptocurrencies etc.
The trading experience is pretty smooth. Based on the high level functionality the platform is a good fit for professional traders, but it is also a good fit for beginners as it is really easy to understand and navigate.
Plus500: Best For CFD Trading
Plus 500 is a quality CFD's provider and operates around the world via its subsidiaries: Plus500AU, AFSL #417727 issued by ASIC, Derivatives issuer licence in New Zealand for NZ clients, FSP No. 486026; Financial Services Provider # 47546 in South Africa. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
EASIEST TO USE: AVA Trade
For a start, Avatrade boasts some pretty impressive business statistics, facilitating over two million transactions every month, with total values regularly exceeding $60 billion in value. These transactions aren’t only limited to forex trading, but extends to other financial instruments such as digital currency, bonds, different binary options and CFDs.
eToro: Best for Social Trading
eToro is an established social trading company, operating since 2007. It is an FCA regulated entity when operating in the UK, an Australian entity in Australia, and a Cypriot entity for international customers.
eToro has been awarded as the best social trading platform - social trading means you can follow other traders and copy their investment strategies.
XM: Best for Forex Trading
XM.com is part of a much larger organization called the Trading Point of Financial Instruments UK Limited. This organization created the exam group in 2009, which then founded XM.com, which is now one of the best established and well-known investment firms in the world.
With over 1.5 million clients in 196 countries, the XM global company focuses on three core principles:
Be big, Be fair, Be human.
Restricted Asset Classes For Online Trading in Syria
There are severe penalties in place for Syrian traders who deal with foreign currency, and so it pays to know which asset classes you can trade. So you will be happy to know that our team of analysts have done all the legwork for you. We have separated the best trading platforms from the rest, benchmarking each against 10 key categories, with hundreds of criteria to be met.
However, restricted asset classes are just one of many factors to bear in mind. Syria is still in the midst of major civil unrest, and that has had consequences for the country’s entire financial system.
Economic Climate in Syria
The economic turmoil suffered by Syria’s neighbouring countries is one reason why the Syrian financial system has been spiralling. But it is US sanctions that have caused the most despair, and queues for bread can be up to hundreds of metres long.
It is now ten years since the Arab Spring, which is when the Syrian government clamped down on the peaceful protests that had broken out in Deraa. By 2018, Syrian exports had plummeted to $0.7 billion from $8.7 billion in 2010, largely owing to economic sanctions and damage to infrastructure sustained during the conflict.
How We Rank Best Online Trading Platforms in Syria?
There are several trading platforms that accept Syrian customers. The 10 main categories we use to assess which are best include fees, the range of products available, UX/UI, ease of deposits and withdrawals, standards of research, teaching, and training, levels of customer service, regulatory and Shariah compliance, and safety and security.
We have attributed each category a weighting that is calculated based on their importance to our readers. Business 24-7’s analysts also provided input on the final weightings based on the research they have undertaken in recent years.
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The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also 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 providers 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.
- 1 Which Are The Top Trading Platforms In Syria?
- 2 Restricted Asset Classes For Online Trading in Syria
- 3 How We Rank Best Online Trading Platforms in Syria?