The top online brokers of 2021 in Yemen are IQ Option, AVATrade, Pepperstone, XM, and Q8 Trade. Some Yemeni traders prefer the vast offer at IQ Option. Others choose the excellent performance and tools at Q8 Trade.
This article discusses the leading trading platforms in Yemen.
The Top 5 Online Brokers Of 2021 For Yemeni Citizens
Our analysis uses a Trust Score Ranking system. The leading brokerage firms in Yemen are:
- IQ Option has the best overall offer for Yemeni traders.
- AVAtrade has the best trading platform and the lowest spreads.
- Pepperstone is the best social trading broker in Yemen.
- XM is the best forex trading broker in Yemen.
- Q8 Trade is the best Yemeni broker for CFD trading.
Best Online Brokers Yemen 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||4.9/5||Low spreads||Official website|
|#3||Pepperstone||Lowest trading fees||4.8/5||Low fees||Official website|
|#4||XM||Best for forex trading||4.9/5||Forex trading||Official website|
|#5||Q8 Trade||Best for CFD trading||4.6/5||CFD trading||Official website|
TOP 5 Trading Platforms in Overview:
01. IQ Option: The Best Yemeni 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 (Windows and Mac), and mobile (Android and iOS) platforms is smooth. It is an easy to learn and navigate platform suitable for professional and beginner 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 Trading Platform In Yemen
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. Pepperstone: The Best Social Trading Broker For Yemeni Clients
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.
04. XM Trade: The Best Overall Forex Trading Platform For Yemeni 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 min. 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. Q8 Trade: The Best Yemeni CFD Broker In 2021
Q8 Trade is the leading UAE online broker specializing in CFD trading. It allows its clients to trade 50 currency pairs and 150 stock CFDs. Asset variety at Q8 includes many currencies, like indices, stocks, commodities, and forex.
Q8 Trade has top-tier licenses from the Jordan Securities Commission. It is one of the few online brokers located in the Middle East and North Africa area. Q8 offers to its customers trading platforms and customer support in both Arabic and English.
This online broker is excellent for inexperienced traders. It has excellent research and educational tools, along with a straightforward platform. Q8 doesn’t have a deposit fee, but withdrawals cost $30.
IQ Option, AVATrade, Pepperstone, XM, and Q8 Trade are the leading online brokers in Yemen. Each broker has different asset classes and a variety of trading platforms.
Frequently Asked Questions
We review brokerage services with real accounts and money. We use 105 criteria to determine which broker is reliable. Read about our testing in our methodology.
How We Identify A Reliable Platform?
The central elements of our reviews are security. We select the leading trading platforms in Yemen by using many factors. Arabic customer service, transparent fees, and educational tools are key points in our reviews.
Safety Risks For Yemeni Citizens
A trustworthy Yemeni broker has top-tier licenses, a long track record in the industry, and banking history. The best brokers have a notable presence in an exchange market.
What Is The Financial Regulatory Authority In Yemen?
The Central Bank of Yemen is the financial regulatory authority in Yemen. The CBY handles all financial activities and supervises trading compliance. Read more about the CBY on their official website.
The Bank For International Settlements is another Yemeni regulatory authority. The BIS encourages Yemeni traders to opt for regulated online brokers to prevent fraud. Read about the BIS on their website.
How We Chose The Top International Trading Platforms For Yemeni Residents?
We identified the leading international brokers for Yemeni residents based on 105 unique data points. Some of the criteria used are:
Costs: A trustworthy Yemeni broker must have a transparent fee policy. Some brokers have higher fees than others but offer better products. Less reliable brokers will make it difficult to see your “all-in cost.” Read our in-depth reviews to learn what the “all-in costs” are for each broker.
Account: Some Yemeni brokers request a minimum deposit fee to open an account. Other brokers won’t charge you for opening a new account but will charge you for an inactive account. Each broker provides different types of accounts, like Basic, Standard accounts, or VIP/Premium.
Withdrawal and deposit: Withdrawing and depositing funds should be simple and transparent. The best brokers make depositing and withdrawing quick and straightforward. Some of the less-reliable brokers make the process time-consuming and frustrating. Read about the withdrawal and deposit policies of each broker in our in-depth reviews.
Markets and products: Each broker provides access to different equities and financial tools. Some brokers focus on options trading, while other brokers focus on forex. Read our in-depth reviews for each broker before choosing your broker.
Trading platforms: An excellent trading experience starts with a reliable platform. Many traders choose their broker based on the trading platform. Choose a broker who has a platform you enjoy using.
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
- 1 The Top 5 Online Brokers Of 2021 For Yemeni Citizens
- 2 TOP 5 Trading Platforms in Overview:
- 2.1 01. IQ Option: The Best Yemeni Broker In 2021
- 2.2 02. AVA Trade: The Best Trading Platform In Yemen
- 2.3 03. Pepperstone: The Best Social Trading Broker For Yemeni Clients
- 2.4 04. XM Trade: The Best Overall Forex Trading Platform For Yemeni Citizens
- 2.5 05. Q8 Trade: The Best Yemeni CFD Broker In 2021
- 2.6 Final Verdict
- 2.7 Frequently Asked Questions
- 2.8 How We Identify A Reliable Platform?
- 2.9 Safety Risks For Yemeni Citizens
- 2.10 What Is The Financial Regulatory Authority In Yemen?
- 2.11 How We Chose The Top International Trading Platforms For Yemeni Residents?