10 Best
Forex Trading Platforms and Brokers in
Sri Lanka

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

Sri Lanka is an island country situated in South Asia, with the second highest GDP in terms of purchasing power parity in the South Asian RegionSri Lanka is most famous for its production and export of cinnamon, rubber, and Ceylon tea, which to this day remains a trademark national export.  The country’s main economic sectors include tourism, tea export, clothing and rice production, which not only makes currency exchange legal, but a much-needed part of the country’s ever growing economy.

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

Sri Lankan traders are spoiled for choice with Multiple Globally Regulated Forex Brokers accepting Local investors. Here is an overview of the 10 Best Globally Regulated Forex Brokers and Trading Platforms available.

Exness review

Exness

Exness is authorised by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.

Exness offers traders 5 different trading accounts to choose from. Standard Accounts include the Standard and Standard Cent. Professional Accounts include Raw Spread, Pro and Zero. Demo accounts and Islamic swap-free accounts are also available.  Exness offers over 105 different instruments to trade, including over 103 currency pairs.

Exness is authorised by several reputable regulatory bodies, including the Financial Services Authority (FSA), the Cyprus Securities and Exchange Commission (CySEC), and the particularly stringent Financial Conduct Authority (FCA).

In terms of its FSA regulation, the broker’s Nymstar Limited division is a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025.  In terms of its CySEC regulation, Exness (Cy) Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12.  And in terms of its FCA regulation, Exness (UK) Ltd is an Investment Firm, authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the Financial Services Register number 730729.

Under these regulatory authorities, particularly the FCA and CySEC, the broker operates legitimately in the EEA, which is well-known for its stringent regulatory safeguards, including the provision of a compensation scheme in the unlikely event of broker insolvency.   As evidenced by its broad regulatory status, Exness is an authorized broker which is able to provide its clients with a highly safe and secure trading environment.

Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.

trading212 best forex

Trading 212

Trading 212 are an online broker which was founded in 2006 and offers Stocks trading, Forex trading, Commodities trading, and Indices tradingTrading 212 is a global broker which has a head office situated in UK.

  • Regulated by: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
  • Used by over 14,000,000 traders.
  • Trading 212 are the UK’s number one trading and investment app with over 14,000,000 downloads, thus a large userbase but is not available in the following countries: US

Trading 212 Trading benefits:

  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Trading 212 Trading Accounts Offered:

  • Invest account
  • ISA account
  • CFD account
  • Demo account

Trading 212 offers an outstanding, highly responsive customer service team available 24 hours a day across a variety of platforms and in 16 different languages.

BlackBull Markets

BlackBull Markets

BlackBull Markets is a forex & CFD brokerage which is fully regulated by the New Zealand’s Financial Service Providers Register (FSPR). Trading instruments on offer include more than 20 foreign currency pairs, six major stock indices, and the popular commodities gold, silver, as well as WTI & Brent oil which can all be traded across either the classic MetaTrader 4 (MT4) or the newer MetaTrader 5 (MT5) platforms.

Customer support is available via phone or live chat, both of which are open 24 hours on all trading days.

alpari

Alpari

Alpari International is the business name of Exinity Limited, which is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius.  Alpari offers traders more than 250 tradable assets across Forex, Stocks, Indices, Metals, Cryptocurrencies and Futures, across the MetaTrader suite of trading platforms.

Four main types of trading accounts are on offer: Standard MT4, Micro MT4, Pro MT4 and ECN MT4/5. A Stocks Trading account, a swap-free account, a free demo trading account and the use of an Alpari Invest account is also made available.

Customer support is available 24/5 via Live Chat, Telegram, Email and phone.

xtb best broker

XTB

XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe.  XTB is regulated by the UK Financial Conduct Authority (FRN 522157) and has been listed on the Warsaw Stock Exchange since 2016.

XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from:

  • xStation 5
  • MT4

Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.

Trading Features:

Accounts offered:

Funding methods:

Allows scalping 

Demo account

Credit cards

Allows hedging 

Micro account 

Bank Transfer

Offers STP 

Mini account 

PayPal

Low min deposit 

Standard account 

Skrill

Guaranteed stop loss 

Islamic account

Payoneer

Offers Negative Balance Protection

 

Netelle

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

FP Markets

FP Markets

Leverage:                            1:500

Regulation:                         ASIC, CySEC

HQ:                                        Australia

Platforms:                           IRESS, MT4, MT5

Found in:                             2005

The FP Markets was established in 2005 and serves over 12,000 clients across the globe.  FP Markets connects traders to the market through electronic bridges and DMA pricing models.  FP Markets offers traders access to trade 13,000+ products ranging from ForexIndices, Commodities, Metals, Bitcoin, Cryptocurrencies, Equity CFDs.

Tradezs can choose between the MT4, MT5 and IRESS platforms as well as MAM and PAMM account possibilities for money managers. 

FP Markets offer two account types with STP and ECN execution models available through MT4 or MT5 platforms. FP Markets also offers three IRESS account types which covers traders who prefer to use this particular software.

Customer Service is available 24/5 via Live Chat.

XM Group

XM Group

Leverage:                            1:30 to 1:888 *Depends on the entity of the group

Regulation:                         CySEC, ASIC, IFSC

Min. Deposit:                    US$5

HQ:                                        Cyprus, Australia, Belize

Platforms:                           MT4, MT5, XM WebTrader

Founded in:                        2009

XM operates with clients from over 196 countries and offers support in 30 languages. The main branch is located in Cyprus and the company is regulated by CySEC.  1.5 Million Traders and investors have chosen XM as their Forex Broker, largely accredited to their wide range of trading products on offer.  Four main account types are on offer – Micro, Standard, XM Ultra Low Account and Shares AccountsTraders can select the base currency of their preference from a large selection on offer, including South African Rand (ZAR), Singapore Dollar (SGD) and other global currencies.

Customer Support is available via live chat, email and phone.

AvaTrade

AvaTrade

AvaTrade is an online broker which was founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.

  • Regulated by: Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
  • Headquarters:The British Virgin Islands
  • Foundation year:2006
  • Used: by over 200,000 traders

Across all markets, MetaTrader 4 gives traders access to over 250 assets, 30 advanced charting tools, trading history, and other useful information.  Customer support is available by email, phone, or live chat.

pepperstone best broker

Pepperstone

Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA)Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free.

Pepperstone boasts three top forex trading platforms:

  • MetaTrader 4: Most Popular for Forex Trading
  • MetaTrader 5: Most Popular CFDs Trading Platform
  • cTrader: Best Automated Trading Platform

All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for up to 30 days.

Platform enhancements available for Pepperstone include: 

  • MetaTrader 4 smart trader tools
  • cTrader Automate
  • Autochartist and
  • API trading

A range of options for depositing funds are available, including: Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.

Pepperstone offers 24/5 multiple language support via email, phone and live chat.

Tickmill

Tickmill

Tickmill is a Forex and CFD broker with licences from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). Tickmill offers trading on 80+ markets covering Forex, Indices, Commodities and Bonds on the MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS.

Three main trading accounts called the Pro Account, Classic Account and VIP Account is on offer, each which offers different minimum balances, maximum leverage, spreads and commissions respectively. Demo trading and Islamic swap-free accounts are also made available.

Multilingual customer support is available via Telephone, Email, Online Contact Form and Live Chat.

Sri Lanka has roughly 21,670,000 potential Forex Traders and has an annual population growth rate of 1.14%.  With so many different types of traders within one country, there can never be to many Forex Brokers to choose from.  With that being said, here is an overview of 9 More Globally Regulated Forex Brokers and Trading Platforms who accept Sri Lankan Traders.

easyMarkets

EasyMarkets

EasyMarkets is one of the most popular choices for Beginner traders and traders:

  • Enhanced risk management tools as standard
  • Fixed spreads on all forex pairings
  • An easy to use forex trading platform

EasyMarkets is regulated by CSEC (Cyprus) and ASIC (Australia) respectively.

EasyMarkets offers traders three key risk management tools which are ideal to those new to currency trading:

  • Deal Cancellation
  • Guaranteed Stop Loss Orders
  • Negative Balance Protection

Standard, Premium, VIP and SuperVIP accounts are available, their minimum opening deposits are $100, $1 000, $2 500, $50 000 respectively. A demo account is also on offer.  The available trading platforms on offer are the ever popular MT4 and the EasyMarkets web platform.

Customer Support is available 24/5 via  various chat channels, email, phone and web forms.

eToro best brokers

eToro

eToro is a leading social trading platform designed for trading major financial markets including stocks, forex and cryptocurrencies. eToro is well regulated by the FCA, CySEC and ASIC. eToro only offers one account type with over 1,083 different instruments to trade, including over 47 currency pairs. The minimum deposit for said account will differ by country.  eToro offers traders a proprietary trading platform which allows both individual and social trading.

eToro supports a wide range of languages including English, German, Spanish, French, and Italian via phone and support ticket.

Roboforex robo forex best brokers

Roboforex

Roboforex is an online, global broker which offers traders Forex and CFDs trading.  Roboforex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.

When starting off with Roboforex traders will need to make a minimum deposit of $1 and there is an option available for a demo account for those who would like to get acquainted with the platform.  Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairsRoboforex offers over 100 instruments and over 35 currency pairs in total.

Roboforex offers traders both MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.   Roboforex also offer mobile apps for Android and iOS.

Roboforex Trading benefits:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Roboforex Trading Accounts include – Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic.

Customer support is available via phone, Webchat, Wechat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.

FBS

FBS

FBS is a Forex and CFD broker which offers investors the ability to trade on Forex, Indices, Stocks, Metals and Energies on the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms for PC, Mac, Web, Android and iOS.  FBS is regulated by CySEC and IFSC.

 FBS offers traders a choice of four accounts and all accounts offer market execution and the chance to trade in micro lots in Cent accounts for more precise risk management.

Account type

Minimum deposit

Minimum trade size

Maximum leverage

Spreads

Cent

$1

0.01 lot

1:1000

from 1 pip

Standard

$100

0.01 lot

1:3000

from 0.5 pips

Zero Spread

$500

0.01 lot

1:3000

0 pips + $20/lot

Micro

$5

0.01 lot

1:3000

fixed, from 3 pips

ECN

$1000

0.1 lot

1:500

from -1 pip + $6/lot

FBS offers customer support 24 hours a day, 7 days a week via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.

Forex Time (FXTM)

FXTM

FXTM is a Forex and CFDs Broker which was established in 2011. FXTM is highly regulated by the FSC of The Republic of Mauritius, the FCA of the UK, CySEC and licensed by FSCA of South Africa.

Standard and ECN Accounts are available with several subtypes. Under the Standard account, they offer the Standard, Cent and Shares Account types. ECN account sub-types are the ECN Zero account, FXTM Pro account and the ECN account. ECN accounts can be traded on MT4 and MT5FXTM offers Local NGN Funding, through bank wire transfer or Neteller with a minimum deposit of $100 for a standard forex account. This allows traders to start trading a range of currency markets while lowering the exchange costs when moving NGN currency to a standard base currency.

Customer support is available in 17 Languages via Live Chat, Phone, Telegram, Facebook and Twitter.

fx pro

FXPro

FXPro is an online broker which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies tradingFXPro is a global broker with a head office situated in the UK with a regulation by CySEC. As a CySEC regulated brokerFxPro is also a member of the Investor Compensation Fund schemeFXPro provide traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will only need a minimum deposit of $100.

What can be traded with FXPro?

  • Over 250 instruments
  • Over 70 currency pairs

FXPro is one of the few brokers in the market who offers both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.

FXPro Trading benefits include:

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection

With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument chosen.

FxPro offers customer support 24 hours a day, 5 days a week via Live Chat, Telephone and Email in a variety of different languages including English, Spanish, French, Polish, Malay, Arabic, Chinese, Greek, Hungarian, Japanese, Korean, Russian, Thai, Vietnamese, Indonesian and others.

BDSwiss

BDSwiss

BDSwiss is a CySEC regulated Forex and CFD broker which offers over 250 instruments to trade on Forex, Commodities, Cryptocurrencies, Indices and Equities, with 3 account types on the MetaTrader 4 and MetaTrader 5 platforms. The three accounts on offer are – BasicRaw, and Black VIP with a minimum deposit of $100 accept the Raw account which has a monthly subscription fee of between $1 and $79.

BDSwiss also offers both full demo and Islamic accounts and traders can fund their account through wire transfer deposits as well as through credit card and deposits which are fee free in most cases.  BDSwiss offers multilingual customer support 24/5 via Live Chat, Telephone, Email, Call Back, WhatsApp, Telegram and an FAQ section.

HotForex

HotForex

HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA.

The HotForex MT5 terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar.  A traders account, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators can be accessed from anywhere using an iPhone

Hotforex’s Metatrader offers a fast order execution, news feed, multiple order types, support for EAs.

 Key features include:

 ·     Supports:                             MT4, MT5 for desktop, web & mobile

·         Minimum deposit:           $5

·         Max. Leverage:                 1:1000

·         Trading Instruments:      Forex, Cryptocurrencies, CFDs on Stock Indices, Commodities, metals

Customer support is available via phone and email.

OctaFX

OctaFX

OctaFX is a Forex ECN broker registered and regulated by CySEC in St. Vincent and the Grenadines and offers the option to trade on Forex, Indices, Metals and Cryptocurrencies via CFDs, across the MetaTrader and cTrader suite of trading platforms as well as their own OctaFX Trading App

Three main types of trading accounts are on offer – MetaTrader 4 Micro, MetaTrader 5 Pro and cTrader ECN. OctaFX also offers Copy Trading accounts, a swap-free account and demo trading accounts. Customer support is available via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

Conclusion

The features to look for in a good forex broker are a good reputation, comfortable trading conditions, reliability and affordability and competent technical customer support.

EXNESS is this month's #1 Broker