The leading trading platforms in Syria in 2021 are IQ Option, AVATrade, XM, and Pepperstone and Saxo Bank. Some Syrian traders prefer the asset variety at IQ Option. Others opt for the lowest trading fees at Pepperstone.
This article discusses the top online brokers for Syrian citizens.
The Top 5 Online Brokers Of 2021 For Syrian Citizens
All our reviews use a Trust Score Ranking system. The following brokerage firms are the top providers in Syria.
- IQ Option is the number one online broker in Syria.
- AVAtrade is the best broker for beginner Syrian traders.
- Saxo Bank has the best overall offer.
- XM is the best forex trading broker.
- Pepperstone has excellent learning tools for beginner Syrian traders.
Best Trading Platforms for Syria in 2021
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||IQ Option||Best overall offer||4.9/5||Options, stocks, forex and crypto||Official website|
|#2||AVAtrade||Best web trading platform||4.9||Beginner Traders||Official website|
|#3||Saxo Bank||Best for copy trading||4.9/5||Social Trading||Official Website|
|#4||XM||Best for forex trading||4.9||Forex trading||Official website|
|#5||Pepperstone||Lowest trading fees||4.8/5||Low fees||Official website|
TOP 5 Trading Platforms in Overview:
01. IQ Option: The Best Syrian Broker In 2021
IQ Option is the best online broker for options trading, known for low spreads, a sophisticated trading platform, free demo account options, and responsive customer support. It is a great platform for traders looking to invest in options on a feature-rich and easy-to-use platform.
The trading experience on their proprietary web, desktop, and mobile (Android and iOS) platforms is smooth. It is an easy to learn and navigate platform suitable for professional and beginning traders. Their platform offers a great variety of charting tools that help traders predict future market movements.
IQ Option is a trustworthy online broker subject to the highest standards of regulation and safety in the industry. It is a CySEC (Cyprus Securities and Exchange Commission) authorized company with a 100% clean history.
02. AVA Trade: The Best Beginner-Friendly Trading Platform In Syria
Founded in Dublin in 2006, AvaTrade offers average-to-competitive fee spreads and several tradable currency pairs and CFD’s over stocks. They provide several 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. Saxo Bank: Best For Premium Trades And CFD Trading
Saxo Bank was founded back in 1992. It is a well-regulated bank, and it has six tier-1 licenses. These licenses are the reason why we ranked Saxo Bank as a low-risk CDF and forex trading broker.
If you are a trader that can afford a minimum deposit of USD 10,000 (or GBP 500 for the UK), an excellent forex broker for you is Saxo Bank.
Saxo Bank stands out since it provides a unique trading platform, competitive prices, professional research, more than 40,000 trading instruments, and outstanding customer service.
04. XM Trade: The Best Forex Trading Platform For Syrian Citizens
XM.com is the best broker for forex and CFD trading. They offer the best Social Copy Trading opportunities through their full suite of MT4 and MT5 web, desktop, and mobile platforms. XM Forex tools and accounts are suitable for both beginning and experienced traders. They have more than 1.5 million clients in 196 countries.
Their minimum opening fees range from $5 to $100 based on account type. XM Forex supports clients wanting to sample their platform with a Demo account. They provide auto-trading, fast order executions, multiple order types, and no hidden commissions. Their research group Tradepedia offers courses aimed at all levels. XM Forex customer service group is highly rated with e-mail, phone, and live chat 24/5. XM Forex Global Web-trade is regulated by CySEC, ASIC, IFSC and is considered a safe broker for trading forex and CFDs.
05. Pepperstone: The Best Forex Trading Broker For Beginners
Based in Melbourne, Australia, Pepperstone is a reliable Forex and CFD broker, known for its diversity of trading platforms, industry-leading pricing, fast account opening, and great support. Pepperstone users can trade many assets including forex, CFDs, cryptocurrencies, indexes, shares, and commodities. This broker is excellent for traders at all levels, from beginners to advanced.
Pepperstone offers MetaTrader and cTrader with multiple self-developed add-ons. They do not have a proprietary mobile platform, instead use MT4 and cTrader mobile apps. It has a low minimum deposit, great customer support, and an above-average research section, and an award-winning set of educational tools.
IQ Option, AVATrade, XM, Pepperstone and Saxo Bank are the best online brokers for Syrian traders. Each has strengths and weaknesses. Read our in-depth broker reviews to identify the best broker for you.
Frequently Asked Questions
We test each online platform with real accounts and money. We use 105 criteria to evaluate each broker and rank them according to their Trust Score. You can learn about our techniques in our Methodology section.
How We Identify A Reliable Platform?
The most important aspects are security and reliability, but we use other factors. Spreads, fees, assets, and educational tools are critical elements used in our assessment.
Safety Risks For Syrian Citizens
A safe and reliable Syrian broker has top-tier licenses. Professional brokers have a banking history or a presence on an exchange market.
What Is The Financial Regulatory Authority In Syria?
The financial regulatory authority in Syria is the Central Bank of Syria. The CBS’s primary goal is to promote the stability and efficiency of the payment systems in Syria. The CBS oversees all banks operating in Syria, including online trading activities. You can read more about the CBS on Wikipedia.
The Syrian Commission on Financial Markets and Securities manages financial affairs. The SCFMS recommends all Syrian traders choose brokers with top-tier licenses. You can read more about the SCFMS’s activities here.
How We Chose The Top International Trading Platforms For Syrian Residents?
We selected the top international brokers for Syrian residents based on 105 criteria. The main categories for those factors are:
Costs: A reliable broker has a transparent fee structure. Some online brokers have simple fee structures, but others hide your “all-in costs.” Read our in-depth reviews to learn about the fee structures of each broker.
Account: Account types vary from broker to broker. Some Syrian brokers have one account type, while others have several account tiers. Some Syrian brokers request a minimum deposit fee, while others do not. Verify what kind of account you need at your broker by reading our in-depth reviews.
Withdrawal and deposit: Withdrawing and depositing should be simple. Some brokers make it quick and easy, while others make it slow and frustrating. Learn which broker has the best withdrawal and depositing policies for your situation by reading our in-depth reviews.
Markets and products: Market access and products offered vary from broker to broker. Ensure your broker has the assets you want to trade by reading our in-depth review about your broker.
Trading platforms: A smooth online trading experience starts with a secure, user-friendly platform. Opt for a broker who has a simple to understand platform. The brokers listed above have robust platforms but might be challenging to use. Check out our in-depth reviews to see which platform matches your trading style.
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:
- Saudi Arabia
- 0.1 The Top 5 Online Brokers Of 2021 For Syrian Citizens
- 1 TOP 5 Trading Platforms in Overview:
- 1.1 01. IQ Option: The Best Syrian Broker In 2021
- 1.2 02. AVA Trade: The Best Beginner-Friendly Trading Platform In Syria
- 1.3 03. Saxo Bank: Best For Premium Trades And CFD Trading
- 1.4 04. XM Trade: The Best Forex Trading Platform For Syrian Citizens
- 1.5 05. Pepperstone: The Best Forex Trading Broker For Beginners
- 1.6 Final Verdict
- 1.7 Frequently Asked Questions
- 1.8 How We Identify A Reliable Platform?
- 1.9 Safety Risks For Syrian Citizens
- 1.10 What Is The Financial Regulatory Authority In Syria?
- 1.11 How We Chose The Top International Trading Platforms For Syrian Residents?