Best Forex Brokers in Serbia 2023

Best Forex Brokers Serbia 2021

Forex trading, or trading in foreign currencies, can be a great way to make money. But in order to be successful, you need a great forex broker. In Serbia, finding a good forex broker is especially important because it can mean the difference between making a profit or losing money. The best forex brokers in Serbia will offer competitive exchange rates, low fees, reliable customer service, and more. Hence, it’s important to choose a broker that you can trust and one that will help you make informed trading decisions. With the right forex broker, you can feel confident in your trading and make the most of your investment.

But how to find such brokers? Read on to know.

Best Forex Brokers in Serbia List:

RANK	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.	SUPPORT	START TRADING
1	ASIC, CySEC, FSP	$100	No Bonus	99 Read Review	1:500	Telephone: +44 28 2544 7780	Open an Account More Information
Pros Excellent education tools Low forex fees Fast account opening Easy funding methods Cons No bonuses Platforms & Devices READ FULL REVIEW
2	FCA, CySEC, FSCA, SCB	$100	No Bonus	94 Read Review	1:100	Telephone: +44 (0) 203 151 5550	Open an Account More Information
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 READ FULL REVIEW
3	ASIC, CySEC, FSA, SCB	$200	No Bonus	92 Read Review	1:500	Telephone: +248 467 19 76	Open an Account More Information
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 READ FULL REVIEW
4	ASIC, CySEC	$1	100%	91 Read Review	1:3000	Telephone: +35 7251 23212	Open an Account More Information
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 READ FULL REVIEW
5	ASIC, CySEC, FSC	$5	Up to $5000	90 Read Review	1:1000	Telephone: +501 223-6696	Open an Account More Information
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 READ FULL REVIEW
6	FSA	$0	No Bonus	90 Read Review	1:500	Telephone:	Open an Account More Information
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 READ FULL REVIEW
7	FCA, DFSA, FSCA, FSA, CMA	$5	100%	88 Read Review	1:1000	Telephone: +44-2030978571	Open an Account More Information
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 READ FULL REVIEW
8	ASIC, FCA	$0	No Bonus	85 Read Review	1:500	Telephone: +61 2 9965 5830	Open an Account More Information
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 READ FULL REVIEW
9	CFTC, FCA, ASIC, FSA, MFSA	$0	up to $1000	78 Read Review	1:50	Telephone: 1 212 858 7690	Open an Account More Information
Pros Outstanding research tools Excellent trading platforms Accepts U.S. clients Superior research offerings Cons No account protection for U.S. clients Monthly inactivity fee Platforms & Devices READ FULL REVIEW
10	FCA, ASIC, DFSA	$200	No Bonus	75 Read Review	1:30	Telephone: +1786 628 1209	Open an Account More Information
Pros Digital account opening process Seamless deposit and withdrawal Attractive trading conditions No inactivity fee Cons No cent account Few analytical materials Platforms & Devices READ FULL REVIEW

Is forex trading legal in Serbia?

Forex trading in Serbia is legal, and the government has no obligation. Although the Republic of Serbia Securities Commission oversees the financial market in the country, they don’t have any control over international forex brokers. Therefore the commission warned the traders about the forex frauds and advised them to trade with regulated forex brokers in Serbia.

However, you will not find any locally regulated forex broker. Hence, you will need to rely on offshore regulated brokers. So, when choosing a broker, ensure that you check its regulatory status in its origin country and other places it has a license.

Choosing the Best Forex Brokers in Serbia

You can check the following features of a forex broker in Serbia.

Check the Regulatory Status

A broker’s regulatory status will determine the security of the trader’s funds. For example, a broker regulated by a reputable financial authority such as the FCA or CySEC will have to adhere to certain standards of conduct. For instance, maintaining client funds in segregated accounts and complying with anti-money laundering regulations. This means that the trader’s funds are highly secure, and there is minimal risk of their funds being misused or lost.

On the other hand, a broker that is not regulated is not bound by any such standards and could be operating in a completely unregulated environment, leaving the trader’s funds at risk. Therefore, it is important to check a broker’s regulatory status before selecting them as trading partners.

Demo Account

Using a demo account is an essential part of selecting a forex broker. A demo account will help you to assess a broker’s trading platform and services, such as the types of currency pairs they offer, spreads, execution speed, and customer service. The demo account is a great way to try out various trading tactics and observe how they fare in the live market. This can be an invaluable asset for traders, as it allows them to gain experience and get a better understanding of how the market works before risking their own capital.

By doing this, you can make sure that the broker you choose is well-suited to your trading needs and goals. Moreover, you can also get a better understanding of how the broker operates in the forex market, which can help you to make more informed decisions when it comes to trading.

Account Types

Before selecting a broker, it is important to check the account types the broker in Serbia provides. Different account types offer different features, such as spreads, execution speed, and minimum deposits. Some brokers offer more specialized account types, such as mini accounts, which are designed for beginner traders. Other brokers have more advanced account types, such as ECN accounts, which offer more competitive spreads and faster execution speeds. Checking the account types offered by a broker before selecting a broker is important to ensure that the broker can offer the features and services that are best suited to the trader’s needs.

Trading Platform

The best trading platforms in Serbia trading should be easy to use and reliable. It should also offer a wide range of features that can be used to execute orders quickly and accurately. The platform should also provide real-time price information and other market data. It is important to ensure that the platform is secure, as any data sent to the broker should be encrypted. Finally, the trading platform should have a good customer support system in place, as any issues must be addressed quickly. By carefully assessing a forex broker’s trading platform, traders can ensure that they are choosing the best broker for their needs.

Deposit and Withdrawal

Knowing the available deposit and withdrawal options, the associated fees, and the time it takes to process deposits and withdrawals will help you make an informed decision when selecting a broker. Understanding the deposit and withdrawal policies of the broker you are considering will also help you determine if it is the right broker for you.

Additionally, it is important to make sure the broker you are considering is regulated by a reputed authority and that they are compliant with all regulatory requirements. Making sure you thoroughly research the deposit and withdrawal policies of a forex broker before selecting them is essential to ensure your funds are secure and that you can access them when you need them.

Currency Pairs and Asset Coverage

When trading in the foreign exchange market, currency pairs are composed of two distinct currencies. The base currency, which comes first in the pair, is the one being bought or sold. Asset coverage refers to the range of markets and currencies available for trading. A good broker in Serbia should offer a wide range of currency pairs and asset coverage so that traders can take advantage of the opportunities available in the forex market. It is also essential to check the liquidity of the currency pairs and asset coverage offered by the broker to ensure that the trades are executed quickly and efficiently. By taking the time to research the currency pairs and asset coverage offered by the broker, traders can be sure they are selecting the best broker for their trading needs.

Education

Education is key in currency trading, and a good broker should offer comprehensive educational resources to their clients. These may include educational videos, webinars, tutorials, and ebooks. Education should also be tailored to the level of experience of the trader, with beginner, intermediate, and advanced-level materials available. It is important to check the quality of the educational materials, as well as the availability of customer support staff who can help with questions. A good broker should also offer a demo account so that traders can practice trading with virtual money before making real trades. By taking the time to research a broker’s education features, traders can ensure they are selecting a broker that meets their needs.

Final Words

In conclusion, a great forex broker is an essential component of successful Forex trading in Serbia. The best forex brokers for beginners in Serbia in Serbia will provide a secure trading environment and ensure that your money is safe. They will also offer a user-friendly trading platform with all the necessary tools and features to help you make informed decisions. Additionally, a good customer service team will be available to answer any questions or concerns that you may have, making your trading experience much smoother.

So, don’t take the decision lightly. Take the time to research, compare and select the best broker for you. However, if you are not confident about researching and choosing brokers, you may look at the forex brokers list in Serbia mentioned in this article.