5 Best Forex Brokers in Bhutan
The 5 Best Forex Brokers in Bhutan – Rated and Reviewed. We have reviewed the top international Forex Brokers that accept Bhutanese Traders.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Bhutan – a List
- Is Forex Legal and Profitable in Bhutan?
- The Best Forex Brokers in Bhutan for Beginners and Foreigners.
- Forex Brokers Trading per the Bhutan National Bank
and much, MUCH more!
5 Best Forex Brokers in Bhutan – a Comparison
| 🔎 Broker | 🤝 Accepts Bhutanese Traders | 💶 Min. Deposit (BTN) | 🚀 Open an Account |
| 🥇 Interactive Brokers | ✅Yes | None | 👉 Click Here |
| 🥈 XTB | ✅Yes | None | 👉 Click Here |
| 🥉 Oanda | ✅Yes | None | 👉 Click Here |
| 🏅 Admirals | ✅Yes | 8339.09 BTN | 👉 Click Here |
| 🎖️ IC Markets | ✅Yes | 16'678.18 BTN | 👉 Click Here |
5 Best Forex Brokers in Bhutan (2024)
- ☑️ Interactive Brokers – Overall, the Best Forex Broker accepting Bhutanese Traders.
- ☑️ XTB – Commission-free stocks and ETFs.
- ☑️ Oanda – Excellent Trading Platforms + Educational Resources.
- ☑️ Admirals – Straightforward account opening.
- ☑️ IC Markets – Low Forex commissions and tight spreads.
Interactive Brokers
An advanced trading platform and a large selection of tradable securities make Interactive Brokers an excellent choice for active and advanced traders. Furthermore, the brokers’ proprietary trading platform for desktop, mobile, and web is partnered with two account types: IBKR Lite and IBKR Pro.
Account Types
Interactive Brokers offer Multiple account types, including IBKR Lite and IBKR Pro. The IBKR Lite account offers the following notable features:
- Commission-free trading on US exchange-listed stocks and ETFs
- No Minimum Deposit or Inactivity Fee
- Competitive Interest Rates
Furthermore, IBKR Lite Clients are granted access to the client Portal, IBKR Mobile, and Trader Workstation (TWS). The Lite account caters to beginners, while the IBKR Pro account is designed for professional and active traders.
Trading Platforms
Traders can choose from a wide range of Trading Platforms across the web, desktop, and, mobile. IBKR Trading platforms include:
- Trader Workstation (TWS)
- IBKR Mobile
- GlobalTrader
Additionally, access will be granted to the Client Portal.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
Interactive Brokers’ advanced execution and strong trading platforms best suit active and advanced traders. Furthermore, Casual traders may find the IBKR Lite account attractive, but the overall offering can overwhelm them.
XTB
As one of the largest stock exchange-listed Forex and CFD Brokers in the world, XTB is an excellent Broker Choice for Bhutanese Traders.
Account Types
XTB offers three different account types; Standard, Pro, and Islamic. No Minimum Deposit is set.
Trading Platforms
A proprietary trading platform, xStation is available on the Web, Desktop, and Mobile. The Platform offers a simple and intuitive design.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
Cost-conscious traders consider XTB a Top Choice as it offers commission-free stocks and ETFs, free deposits/withdrawals, and does not require a set minimum deposit. However, Inactivity and High Conversion Fees apply.
OANDA
As a trusted and well-established global brand, OANDA is set apart for its low trading cost and trusted support. Top-tier authorities, including FCA and ASIC, regulate OANDA.
Account Types
OANDA offers multiple Account Types; Standard, Core, Premium, and Premium Core. The Standard account suits all traders, whereas the Premium Core suits high-volume traders. No minimum deposit is set.
Trading Platforms
Clients can choose to trade via MetaTrader 4, MetaTrader 5, or fxTrade for mobile. Notable features of fxTrade include:
- Customizable Interface
- Multi-Asset Product Suites
- One-Click Trading
Furthermore, MetaTrader is available on demo trading accounts.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platforms | Only FX and CFD available for most clients |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
Our Insights
OANDA is considered to be a safe Forex Broker choice for Beginners in Bhutan. Top-tier authorities regulate it. However, bank transfers incur high withdrawal fees, and only forex, CFDs, and cryptocurrencies are offered.
Admirals
Admiral Markets or Admirals, as a well-established FSCA Regulated Forex Broker, holds all client funds in segregated accounts with negative balance protection offered. Furthermore, clients can trade or invest in 3,700+ trading instruments.
Account Types
Multiple MetaTrader 4 and MetaTrader 5 Account types are offered, namely:
- Trade.MT5
- Zero.MT5
- Trade.MT4
- Zero.MT4
A 25 USD/BTN 8339.09 minimum deposit is required to register an account. Furthermore, an Islamic Swap-Free Option is offered on the Trade.MT5 Account.
Trading Platforms
Admirals offers a choice between the MetaTrader 4 and MetaTrader 5 Platforms. Additionally, the Admirals App is available for download on the Apple App Store, Google Play, and Huawei AppGallery.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | No 24/7 customer service |
Our Insights
In our opinion, Admirals is well-suited to beginners as it charges low forex CFD fees. However, Customer support is not available 24/7.
IC Markets
With 17 years of experience, IC Markets is a trusted and highly-regulated Forex Broker. IC Markets offers Competitive pricing, low average spreads, and multi-platform trading.
Account Types
IC Markets accounts include; cTrader, Raw Spread, and, Standard. All accounts require a 200 USD/BTN 16’678.18 minimum deposit on registration. Notable features on all accounts include:
- 61+ Currency Pairs
- 50% Stop Out Level
- Leverage up to 1:1000
- One Click Trading
Additionally, an Islamic Option can be requested.
Trading Platforms
The Raw Spread and Standard Accounts are partnered with the MetaTrader Suite, whereas the cTrader account offers access to cTrader and TradingView.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | Limited product selection |
| Easy and fast account opening | High financing rate for CFDs |
Our Insights
IC Markets is an impressive Forex Broker with low trading fees and tight spreads. However, the product selection is limited and the customer support is subpar.
In Conclusion
Traders rely on International Forex Brokers to effectively trade the Bhutanese Ngultrum as local entities are hard to find. Trading in Bhutan is legal, but not regulated by Local authorities. A trader should prioritize Safety and Security when considering trading in Bhutan.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | SVGFSA | USD 5 | Visit Broker >> |
Our Insights
In the process of reviewing the Best Forex Brokers that accept Bhutanese Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from trusted trading platforms to excellent customer support. Furthermore, finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Frequently Asked Questions
Is Forex Trading legal in Bhutan?
Trading in Bhutan is legal, but not regulated by Local authorities.
Who is the best International Broker accepting traders from Bhutan?
Interactive Brokers is the best International Broker accepting traders from Bhutan.
What should be considered when choosing a Forex Broker?
Regulation, Trading Fees and Customer Support should be considered.
Top 4 Brokers