Best Forex Brokers in Venezuela

Following our in-depth review and ranking process, here are the best forex brokers in Venezuela;

Best Forex Brokers in Venezuela

  1. IG
  2. IC Markets 
  3. Avatrade
  4. CMC Markets
  5. Admirals

1. IG

IG

IG is a highly reputable global online broker established by IG Group plc; a publicly-traded company listed on the London Stock Exchange, and a constituent of the FTSE 250 Index. IG offers spread betting, stockbroking and CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rate, sectors and ETFs with over 17,000+ instruments available to trade.

IG offers an exceptional brokerage service, with trading solutions suitable for retail and institutional clients such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks and introducing brokers. In addition, traders can get access to an extensive list of exceptional brokerage services such as deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms (proprietary & third-party), competitive spreads, expert customer support service, and much more.

IG Overview

BrokerIG
Regulation CFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), DFSA (UAE), BMA (International)
Forex Pairs81 Currency Pairs
Trading PlatformsProRealTime, L2 Dealer, MetaTrader 4
Minimum Deposit$300
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:222
Account CurrenciesUSD, GBP, AUD, EUR, SGD, HKD.
Payment MethodsBank Wire Transfer, Credit/Debit Cards, Paypal

Pros

  • Strong regulatory framework.
  • Listed on the stock exchange.
  • 45 years of industry experience.
  • Accepts U.S clients.
  • Established in 15 Countries worldwide.
  • 313,000+ clients worldwide.
  • Deep liquidity.
  • Negative balance protection.
  • Volume-based rebates.
  • No minimum deposit for bank transfer
  • Industry-standard trading platforms (proprietary and third-party) available in web mobile and desktop versions.
  • Forex spreads from 0.6 pips on major currency pairs.
  • Excellent eductional offering for beginner, intermediate and advanced traders.
  • Outstanding research offering.
  • Great customer support team.

Cons

  • Inactivity fee charged (after 2 years of inactivity).
  • Offers only forex trading in the United States.
  • No copy/ social trading platform.
  • High financing rate.
  • Limited product portfolio in some countries.
  • No Support for social trading and copy trading.

2. IC Markets

IC Markets

IC Markets is one of the largest forex and CFDs providers (by trade volume) in the world. It offers CFDs on a wide variety of global markets including forex, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.

IC Markets offers an excellent trading solution suitable for beginner and professional traders and also provides support for all trading styles and strategies including, scalping, hedging, algorithmic trading etc. In addition, all clients can enjoy a plethora of top-notch trading services including consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and an experienced customer support team available 24/7.

IC Markets Overview

BrokerIC Markets
Regulation ASIC, FSA, CYSEC
Forex Pairs61 Currency Pairs
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 or currency equivalent.
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsCredit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking

Pros

  • Quick account setup.
  • Strong regulatory framework.
  • over 180,000+ clients across 190 countries worldwide
  • Multiple industry standard trading platforms available in web, mobile and desktop versions.
  • Support for Expert Advisors.
  • Deep liquidity and no requotes.
  • Negative balance protection.
  • Clients funds are segregated.
  • Over 61 currency pairs to trade including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Low latency and ultra-fast trade execution.
  • Supports all trading styles and strategies.
  • Offers swap-free account.
  • Low trading fees (competive spreads and commissions) across all account types.
  • Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Secure payment methods, with fast deposit and withdrawal processing times.
  • Demo account with unlimited usage duration.
  • No inactivity fee.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.

Cons

  • Product offering limited to CFDs.
  • No proprietary trading platform.
  • Does not accept U.S clients.

3. Avatrade

Avatrade

Avatrade is a global leading online broker established and operated by Ava Group; a highly trusted global brand in the online trading industry. Avatrade offers forex trading & CFD trading across a wide variety of asset classes including indices, metals, energies, commodities, stocks, bonds, ETFs and cryptocurrencies, with over 1250+ instruments to trade.

Avatrade offers an exceptional trading solution suitable for both beginner and professional retail traders. It also provides support for all types of trading styles and strategies, along with an extensive list of great trading services including deep liquidity, negative balance protection, competitive spreads, industry-standard trading platforms, fast & secure payment methods and great customer support service.

Avatrade Overview

BrokerAvatrade
Regulation ASIC (Australia), Central Bank of Ireland (Ireland), FSA, FFAJ (Japan), ADGM-FSRA, FSC (British Virgin Island), FSCA (South Africa), CySEC (Europe), ISA (Israel)
Forex Pairs55
Trading PlatformsMetaTrader 4, MetaTrader 5, WebTrader, AvaTradeGo, AvaOptions
Minimum Deposit$100
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:400
Account CurrenciesEUR, GBP, USD, CHF, AUD
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Skrill, Neteller, WebMoney, POLi

Pros

  • Strong regulatory framework.
  • Beginner friendly.
  • Hassle free account registration process.
  • Clients funds are segregated.
  • Deep liquidity.
  • Negative balance protection.
  • Competitive spreads.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Transparent fee structure with no hidden charges.
  • No deposit and wihdrawal fee.
  • Multiple fast and secure deposit and withdrawal methods.
  • Offers social/ copy trading through third party trading platforms such as DupliTrade and ZuluTrade.
  • Great customer support service.

Cons

  • Limited range of instruments, compared to competitors.

4. CMC Markets

CMC Markets

CMC Markets is a global Forex and CFDs provider established by CMC Group; a publicly-traded company listed on the London Stock Exchange and a constituent of the FTSE 250 Index. It offers CFDs and spread betting across a wide variety of markets including forex, indices, commodities, shares, ETFs, cryptocurrencies and treasuries with over 11,000+ instruments to trade.

CMC Markets offers excellent trading solutions for both retail and institutional clients (such as banks, brokers, money managers, family offices, fintech and private banks). It also provides support for all trading styles and strategies including scalping, hedging and algorithmic trading etc.

Furthermore, CMC Markets offers a range of great trading services including competitive spreads & commissions, deep liquidity, superior order execution, industry-standard trading platforms, fast & secure payment methods, insightful research offering, quality educational offering, expert customer support service, among others.

CMC Markets Overview

BrokerCMC Markets
Regulation ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), and the FCA (U.K), FMA (New Zealand), DFSA (UAE)
Forex Pairs300+
Trading PlatformsNext Generation platform, MetaTrader 4 (MT4)
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesGBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD
Payment MethodsWire Transfer, Credit / Debit Cards, Electronic Payments.

Pros

  • Strong regulatory framework.
  • Over 30 years’ industry experience
  • Beginner friendly.
  • Trusted by over 300,000+ global clients.
  • Clients funds are segregated.
  • Deep liquidity and no requotes.
  • 330+ currency pairs.
  • No minimum deposit.
  • Industry-standard trading platforms (proprietary and third-party) available in web mobile and desktop versions.
  • Support for expert advisors.
  • Ultra-fast order execution with umatched liquidity.
  • Flexible and high leverage, from 1:1 to 1:500.
  • Ultra low spreads from 0.0 pips on major currency pairs.
  • Secure payment methods, with fast payment processing times.
  • Great customer support with fast response time.

Cons

  • Product offering limited to only CFDs.
  • Withdrawal fee charged for international bank transfer.
  • Does not accept U.S clients.

5. Admirals

Admirals

Admirals (formerly known as Admiral Markets) is a leading Forex and CFD service provider established and operated by the Admiral Group. Admirals offer over 8000+ instruments across a wide variety of global markets including Forex, Commodities, Indices, Stocks, ETFs and Bonds.

Admiral offers a great trading solution suitable for beginner and professional retail traders. It offers different account types, giving traders the option to choose an account type that best suits their trading style or needs. In addition, traders can enjoy a number of great trading services, including deep liquidity, different tailored account types, support for all trading styles and strategies, consistently low spreads from 0.0 pips, excellent education and research offering, multiple fast & secure payment methods, multi-lingual customer support service and much more.

Admirals Overview

BrokerAdmirals
Regulation FCA (United Kingdom), EFSA (Estonia), JSC (Jordan), CySEC (Cyprus), AFSL (Australia)
Forex Pairs50 Currency Pairs
Trading PlatformsMetaTrader Web Trader, MetaTrader 4, MetaTrader 5
Minimum Deposit$100 or currency equivalent.
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesEUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND
Payment MethodsBank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal

Pros

  • Strong regulatory framework.
  • Newbie friendly.
  • Deep liquidity and no requotes.
  • Negative balance protection.
  • Clients funds are segregated.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Advanced mobile apps with extensive functionalities.
  • Tailored account types with great trading conditions.
  • All types of trading strategies allowed.
  • Wide range of asset classes.
  • Competitive spreads and low commissions.
  • A wide selection of secure deposit and withdrawal methods.
  • Low latency and fast order execution.
  • Transparent fee structure with no hidden charges.
  • Offers Isalmic swap-free account.
  • Outstanding educational and offering.
  • Great market research and analytics offering.
  • Friendly and multi-lingual customer service.

Cons

  • Does not accept clients from the United States.
  • Demo account availble for only 30 days.

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