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TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

Best Forex Brokers in Sri Lanka 2023

Best Forex Brokers Sri Lanka 2021

There are many forex brokers in Sri Lanka, but not all of them provide the same services. Some brokers may require a trading minimum of as low as $5 USD and don’t charge any monthly fee. Other brokers may charge a higher trading minimum, have restricted opening hours, and provide fewer market analysis tools. So, it is up to what type of broker you want. Well, we recommend you go for the low minimum deposit, lots of currency pairs, good trading platform, and regulated broker. On top of that, you will need to check other criteria while choosing the best forex brokers in Sri Lanka. You will get to know them in this article.

Best Forex Brokers in Sri Lanka List:

 

RANK VISIT
BROKER
REGULATION

We only list licensed brokers that comply with the requirements of prominent regulatory agencies.

MIN
DEPOSIT

The minimum amount you need to deposit in order to start trading.

DEPOSIT
BONUS
RATING MAX
LEVERAGE

Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.

PAYMENT
SYSTEM
SUPPORT START
TRADING
1
ASIC, CySEC
$100
No Bonus
1:500

Telephone: +44 28 2544 7780

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Pros
  • Excellent education tools
  • Low forex fees
  • Fast account opening
  • Easy funding methods
Cons
  • No bonuses
Platforms & Devices
2
FCA, CySEC, FSCA, SCB
$100
No Bonus
1:100

Telephone: +44 (0) 203 151 5550

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Pros
  • Excellent customer service
  • Free deposit and withdrawal
  • Negative balance protection
  • Wide range of platform
Cons
  • Inactivity fee
  • High Trading Fees for some CFDs
Platforms & Devices
3
FSC
$100
65%
1:200

Telephone: +52 556 826 8868

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Pros
  • Different passive income options
  • Discount on commissions for active traders
  • Positive price correction
  • Tight market spreads
Cons
  • Low leverage
  • Less research tools
Platforms & Devices
4
ASIC, CySEC, FSA, SCB
$200
No Bonus
1:500

Telephone: +248 467 19 76

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Pros
  • Low forex fees
  • Fast order execution
  • Analytical training materials
  • 90+ instruments
Cons
  • Slow live chat support
  • Non-EU traders don’t get investor protection
Platforms & Devices
5
ASIC, CySEC
$1
100%
1:3000

Telephone: +35 7251 23212

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Pros
  • No withdrawal fee
  • Low stock and stock index CFD fees
  • Negative balance protection
  • No inactivity fee
Cons
  • Average forex CFD fees
  • No PAMM accounts
Platforms & Devices
6
FSA
$0
No Bonus
1:500

Telephone:

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Pros
  • 9 base currencies
  • 24/7 technical service
  • Direct market access
  • VPS, FIX API, copy trading
  • Superior trading conditions
Cons
  • No negative balance protection
  • Withdrawal fees
Platforms & Devices
7
ASIC, CySEC, FSC
$5
Up to $5000
1:1000

Telephone: +501 223-6696

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Pros
  • Low withdrawal fees
  • Great educational tools
  • Wide range of leverage
  • Multilingual customer support
Cons
  • Non-EU traders don’t get investor protection
  • Lack of weekend customer support
Platforms & Devices
8
FCA, DFSA, FSCA, FSA, CMA
$5
100%
1:1000

Telephone: +44-2030978571

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Pros
  • Low spread
  • Controlled by several regulators
  • Numerous deposit and withdrawal
  • Favorable trading conditions
Cons
  • Few account currencies
  • Only USD or EUR as base currencies
Platforms & Devices
9
ASIC, FCA
$0
No Bonus
1:500

Telephone: +61 2 9965 5830

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Pros
  • Automatic insurance coverage
  • Low entry threshold
  • Fully digital account opening
  • Low forex fees
Cons
  • Limited research tools
  • Only forex and CFD trading
Platforms & Devices
10
FCA, ASIC, DFSA
$200
No Bonus
1:30

Telephone: +1786 628 1209

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Pros
  • Digital account opening process
  • Seamless deposit and withdrawal
  • Attractive trading conditions
  • No inactivity fee
Cons
  • No cent account
  • Few analytical materials
Platforms & Devices

How To Start Forex Trading in Sri Lanka?

Forex trading is one of the most popular forms of investment today, and anyone can do it. Whether you are a beginner in investing or not, the following steps should give a good starting point in order to get comfortable with this type of investing in Sri Lanka.

Learn The Basics

Forex trading is no different than other forms of investing. It will take some time to learn the basics and get comfortable with the terminology that is associated with forex trading. One way to do this before you jump in even more would be to read up on the basics of forex trading, what it is, how it works, and why you should consider trying it out.

With so many different types of information out there, it is important that you find a good starting point for your research. Many individuals will do their research online. There are thousands of books that can be found at libraries, local bookstores, and online that can be bought and read.

There are also online courses, videos, and webinars that can help with your research as well.

There are also several Forex trading forums available to Forex traders where you can ask for advice or guidance from other experienced traders as well.

There is no reason to jump into trading without learning the basics first.

Learn To Forecast and Trade Systems

Many traders like to open a forex account without doing any research into forex trading at all. This is a mistake. Not only is there the opportunity to lose your money, but you will also gain very little from the trading experience.

Once you have experienced the basics of forex trading in Sri Lanka, you should start looking for Forex trading systems to learn about. These are some of the most successful forex trading systems that are used by seasoned traders today.

The strategy of the forex market is based on data that is gathered from the daily movement of currencies around the world. A further study of this data will give you an idea about what will happen next in currency trading.

 Start Trading Using The Forex Trading Tools

Once you have gotten some basic experience when it comes to forex trading, it is time to start making some real money. One good way to do this is to use forex trading tools.

With any forex trading platform, you will be able to enter many different types of orders, such as orders to buy or sell currencies. You can also enter different strategies that you think may work well for you.

There are also forex charts available in these programs, including Forex Candlestick Chart, Forex Basic Moving Averages, and more.

One of the essential tools that every trader should use is live forex data feeds. With these feeds, you can see the current and historical prices of any live markets. These include forex quotes, news, and even economic data. This is a great tool to help you with your market analysis.

As you start making some real money, this is a good place to keep earning money as well. Once you have enough money, it is time for some trading margin and leverage as well. This can be found with the best forex brokers in Sri Lanka.

Start Trading and Making Daily Profit

Once you have learned all of the tools above, it is time to start making some profitable moves. You will first need to find an online broker in Sri Lanka and open a forex trading account. There are many online-based best Sri Lanka brokers available today that may suit your needs depending on how much money you want to trade. You can also find some forex brokers List in Sri Lanka in this post for more information about them.

What is the Best Forex Broker for Sri Lanka?

Although FP Markets is a forex broker from Australia, they offer uninterrupted service in Sri Lanka. This company provides clients with a wide range of forex trading services and products. The system allows one to trade for a low commission on an ultra-fast timeframe. FP Markets also offers a generous number of choose-your-own trading tools and features, as well as access to up-to-date market information and cutting-edge technology.

The company is licensed and regulated by CySEC and ASIC. FP Markets specializes in the trading of EUR/USD, CAD/USD, GBP/USD, USD/JPY, and USD/CHF currency pairs. The company’s platform also allows users to trade USD-based instruments in hundreds of other major pairs, such as USD/EUR, GBP/JPY, EUR/USD, and AUD/USD.

FP Markets’ trading platform is one of the fastest in the world. It was developed with state-of-the-art execution services. This platform provides clients with an exceptionally low spread of only 0.0 pips per transaction and ultra-fast order execution, which means that prices are updated almost instantaneously to reflect the latest market conditions on the client’s screen.

Conclusion

The financial system in Sri Lanka is quite undeveloped, so it can be difficult to find reliable, regulated forex brokers in Sri Lanka with a good reputation. Therefore, the best forex brokers in Sri Lanka were hard to find. We had difficulty finding one that met our requirements. That’s why we did comprehensive research and came out with the 10 Sri Lanka forex brokers list for your convenience.

For example, some brokers require minimum deposits of $10,000 or more for foreign exchange trading; this was too costly for me. Ultimately, we recommend that you do your research to find the broker that is right for you.  

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