9 Best Forex Brokers in Andorra
The 9 Best Forex Brokers in Andorra – Rated and Reviewed. We have listed the top Forex Brokers accepting Traders in Andorra.
In this in-depth guide you will learn:
- The Best Forex Brokers in Andorra – a List
- The Best Forex Brokers for Beginners and Foreigners
- The top MetaTrader4 and MetaTrader 5 Forex Brokers
- Is Forex Trading Legal in Andorra?
and much, MUCH more!
9 Best Forex Brokers in Andorra – A Comparison
| 🔎 Brokers | 🚀Open an Account | 🤝 Accepts Andorran Traders | 💶 Min. Deposit |
| 🥇 Moneta Markets | 👉 Click Here | ✅Yes | 50 USD |
| 🥈 IC Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🥉 Tickmill | 👉 Click Here | ✅Yes | 100 USD |
| 🏅 Pepperstone | 👉 Click Here | ✅Yes | AU$ 200 |
| 🎖️ XTB | 👉 Click Here | ✅Yes | None |
| 🥇 Oanda | 👉 Click Here | ✅Yes | None |
| 🥈 Admirals | 👉 Click Here | ✅Yes | 25 USD |
| 🥉 Plus500 | 👉 Click Here | ✅Yes | 100 USD |
| 🏅 IG | 👉 Click Here | ✅Yes | 50 USD |
9 Best Forex Brokers in Andorra (2024)
- ☑️ Moneta Markets – Overall, the Best Forex Broker in Andorra
- ☑️ IC Markets – The Best Forex Broker for Beginners
- ☑️ Tickmill – Wide Selection of Currency Pairs
- ☑️ Pepperstone – Easy and Fast Account Registration
- ☑️ XTB – Deposit protection for client accounts
- ☑️ Oanda – Outstanding research tools
- ☑️ Admirals – Free Deposits and Withdrawals
- ☑️ Plus500 – Excellent Customer Support
- ☑️ IG – Best Online Trading Experience
Moneta Markets
Moneta Markets is a well-established and prominent Forex and CFDs Broker. The FSCA, FSA Seychelles, CIMA, and, ASIC regulate it. Moreover, additional security measures include client fund segregation, SSL encryption, and, two-factor authentication (2FA).
The Accounts offered are Direct STP, Prime ECN, and, Ultra ECN. Furthermore, the minimum deposit is 50 USD. The trading platforms available include PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader.
The following trading instruments and products are available:
- 19 commodities
- Sixteen indexes
- Over 700 Share CFDs
- Over 50 ETFs
- Seven bonds
Furthermore, 30 Crypto CFDs are accessible. Deposit and Withdrawal options include Bank Wire Transfer, FasaPay and Sticpay.
| 🔎 Broker | 🥇 Moneta Markets |
| 📈 Established Year | 2019 |
| 📉 Regulation and Licenses | FSCA, FSA Seychelles, CIMA, ASIC |
| 📊 Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App |
| 📌 Account Types | Direct STP, Prime ECN, Ultra ECN |
| 💴 Base Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL |
| 📍 Spreads | From 0.0 pips |
| 💹 Leverage | 1:1000 |
| 💵 Currency Pairs | 44; major, minor, and exotic pairs |
| 💶 Minimum Deposit | 50 USD |
| 💷 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| 1,000+ tradable assets, including forex | Some account types may have volume constraints |
| Multilingual support | Limited Education |
| Tight Spreads | No Negative Balance Protection |
| No deposit or withdrawal fees | Inconsistencies reported in customer support quality. |
| Strong Regulation | Limited Product Range |
| MetaTrader 4 and 5 | Limited Account Types |
Our Insights
The benefits of trading with Moneta Markets include a wide range of currency pairs, advanced trading tools, and impressive customer support.
IC Markets
IC Markets is a Trusted and Highly Regulated Forex CFD Provider. Moreover, ASIC, CySEC, FSA, and, the SCB regulate it. Three accounts are offered, cTrader, Raw Spreads, and, Standard. The minimum deposit is 200 USD.
Trading platforms available are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. IC Social and ZuluTrade offer Copy and Social Trading. The following trading instruments and products are available:
- 64 currency pairings for trading
- 22 commodities
- 25 indices
- 11 distinct bond instruments
- 18 cryptocurrency alternatives
- 1,600 stocks
Moreover, four futures contracts are available. Deposit and Withdrawal options include PayPal, Neteller, and, Skrill.
| 🔎 Broker | 🥇 IC Markets |
| 📌 Year Founded | 2007 |
| 👤 Amount of Active Traders | Over 1 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FSA (Seychelles) |
| 🌎 Country of Regulation | Seychelles |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🧾 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | Major and Minor |
| 💶 Minimum Deposit | 200 USD |
| ⚡ Average Deposit/Withdrawal Processing Time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | Generally no fee |
| 🔖 Spreads From | From 0.0 pips |
| 💷 Commissions | Variable |
| 🪙 Number of Base Currencies Supported | 10+ |
| 💳 Swap Fees | ✅Yes |
| 🏷️ Leverage | Up to 1:500 |
| 🖇️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📈 CFDs Total Offered | Extensive Range |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | Major global stocks |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting tools, etc. |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 😎 Languages Supported | Multiple Languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| ↪️ Do They Sponsor Any Notable Events or Teams | ✅Yes |
| ⭐ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
The benefits of trading with IC Markets include beginner-friendly courses, Low trading Fees, and, trusted customer support.
Tickmill
Tickmill is a well-established and trusted Forex Broker that offers low spreads and high leverage on CFD currencies. The Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA regulate it. Accounts available include VIP, Classic, and, Pro. The minimum deposit is 100 USD.
MetaTrader 4 and MetaTrader 5 are offered. The following trading instruments and products are available:
- 62 currency pairings
- 23 Indices
- 3 energy contracts
- 4 precious metals
- 4 bond instruments
Moreover, a selection of eight cryptocurrencies is available for trade.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
The benefits of trading with Tickmill include the lack of an inactive fee and the availability of excellent educational content.
Pepperstone
Pepperstone is a Trusted and well-established Forex Broker. ASIC, BaFin, CMA, CySEC, DFSA, FCA and, the SCB regulate it. Moreover, client funds are kept in segregated accounts. Accounts offered are Standard and Razor. The minimum deposit is AU$ 200. Moreover, Spreads on the Razor Accounts start from 0.0 Pips.
Trading Platforms are TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. The following trading instruments and products are available:
- 70 Forex pairs, including major, minor, and exotic currency pairings
- 17 commodities
- 28 indices
- Over 1,000 shares
Furthermore, there are 100 ETFs accessible for trading.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include fast execution speeds, raw spreads, and low commissions.
XTB
XTB is a highly regulated Forex Broker that six tier-1 Regulators govern. The accounts offered are Standard and Swap-Free, with no minimum deposit required. Moreover, base currencies include UD, EUR, and, GBP. Trading Platforms available are xStation and xStation Mobile.
The following trading instruments and products are available:
- Several global indexes
- Various commodities, including precious metals
- Over 3,900 stock CFDs
- Cryptocurrencies, including Bitcoin and Ethereum
Deposit and Withdrawal options include Bank Transfers, Neteller, and, Safety Pay.
| 🔍 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time Seconds | Milliseconds - |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include commission-free trading on genuine stocks and ETFs.
OANDA
OANDA is a highly trusted and credible Forex Broker. Ten tier-1 Regulators govern it. Regulations include IIROC, ASIC, CFTC, NFA, and, the FCA. Accounts available are Standard, Core, Swap-Free, Premium, and, Premium Core. No minimum deposit is required.
Moreover, the Base currencies are USD, EUR, HKD, and, SGD. Spreads start from 0.1 Pips and Leverage of up to 1:888 is offered. Oanda Trading Platforms are FxTrade, MetaTrader 4, and, MetaTrader 5.The following trading instruments and products are available:
- 18 indices
- Two metal items
- Over 1,200 share CFDs
- Ten commodities
Moreover, OANDA supports the trading of 18 different cryptocurrencies. Educational Resources offered are Webinars and Events. Deposits and Withdrawal Options are Bank Wire Transfers, Skrill, and, Neteller.
| 🔎 Broker | 🥇 OANDA |
| 💶 Minimum Deposit | None |
| 📌 Account Types | Standard, Elite Trader |
| 🆓 Demo Account | ✅Yes |
| 🎁 Bonus Offers | ✅Yes |
| ✏️ Education | ✅Yes |
| 📲 Mobile Trading | ✅Yes |
| 🖱️ Trading Platform | MetaTrader 4 |
| 🚀Open an Account | 👉 Click Here |
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
The benefits of Trading with OANDA include commission-free and commission-based account options.
Admirals
Admirals is a Cyprus Securities and Exchange Commission-regulated Forex Broker. Accounts offered are Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, and, Bets.MT5. The minimum deposit is 25 USD. Moreover, multiple base currencies are accepted, including EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, and, RON.
Trading platforms include MetaTrader 4, MetaTrader 5, and a Proprietary Trading App. The following trading instruments and products are available:
- 80+ currency pairings
- 42+ cryptocurrencies
- 29+ commodities
- 40+ indices are accessible for trading.
- Over 4,500 equities
- More than 400 ETFs
Additionally, Admirals offer trading on two bond CFDs. Deposit and Withdrawal Options include Bank Wire Transfers, Debit Cards, Credit Cards, and, Crypto wallets.
| 🔎Broker | 🥇Admirals |
| 💴Minimum Deposit | 25 USD |
| 🎉Established Year | 2001 |
| ⏰Support Hours | 24/5 |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, Admirals App |
| 📈Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | No 24/7 customer service |
Our Insights
The Benefits of trading with Admirals include Online Trading Courses, and, zero-pip spreads on certain accounts and instruments.
Plus500
Plus500 is a top brokerage firm with a global presence. ASIC, FSCA, FCA, CySEC, FSA Seychelles, and, the MAS regulate it. A single trading account and a proprietary trading platform are offered. Moreover, the minimum deposit is 100 USD.
| 🔎 Broker | 🥇 Plus500 |
| 📌 Year Founded | 2008 |
| 👤 Amount of staff | 1,000+ |
| 👥 Amount of active traders | Over 400,000 active traders (as of the latest reports) |
| 📍 Publicly Traded | Yes, listed on the London Stock Exchange (LSE: PLUS) |
| 🛡️ Regulation and Security | Very High |
| ⭐ Regulation | FCA CySEC ASIC MAS FSA EFSA DFSA CFTC |
| 🌎 Country of regulation | UK Australia Cyprus New Zealand |
| 1️⃣ Suited to Professionals | ✅Yes |
| 2️⃣ Suited to Active Traders | ✅Yes |
| 3️⃣ Suited to Beginners | ✅Yes |
| 🥰 Most notable Benefit | Wide range of tradable instruments (CFDs on forex, stocks, commodities, indices, etc.), competitive spreads, user-friendly platform |
| 🥺 Most Notable Disadvantage | Limited educational resources for beginners, lack of fundamental analysis tools |
| 🔃 Account Segregation | Client funds are kept in segregated accounts |
| 🪫 Negative balance protection | ✅Yes |
| 🔋 Investor Protection Schemes | Client funds are protected under the Financial Services Compensation Scheme (FSCS) in the UK, and other local protection schemes |
| ⚙️ Account Types and Features | Real Account Demo Account |
| 💴 Minor account currencies | USD, EUR, GBP, and other major currencies available for trading; minor currencies not as widespread |
| 💶 Minimum Deposit | $100 (or equivalent in other currencies) |
| ⏰ Average deposit processing time | Instant (depending on payment method) |
| ⏲️ Average withdrawal processing time | 1-3 business days |
| 💵 Fund Withdrawal Fee | No withdrawal fees for most methods |
| 💷 Spreads from | 0.8 pips (depending on the market conditions) |
| 💳 Commissions | No commissions spreads only |
| 🪙 Number of base currencies | 7 (USD, EUR, GBP, AUD, JPY, CHF, and CAD) |
| 💰 Swap Fees | Applicable swap fees/overnight financing |
| ↪️ Leverage | Up to 1:30 for retail clients (varies by region) |
| ➡️ Margin requirements | Varies by asset class typically between 2% to 5% |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | 1-2 seconds |
| 📈 Total CFDs Offered | Over 2,000+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🌽 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| 💹 Deposit Options | Credit/debit cards bank transfer PayPal Skrill Neteller e-wallets |
| 💱 Withdrawal Options | Credit/debit cards bank transfer PayPal Skrill Neteller e-wallets |
| 🖥️ Trading Platforms | Plus500 WebTrader, Plus500 Mobile App +INSIGHTS |
| 💻 OS Compatibility | WebTrader (browser based), iOS, Android |
| 🖱️ Forex trading tools | Basic charting tools, risk management tools (stop-loss, take profit), no advanced trading tools like MetaTrader4/5 |
| 🩷 Customer Support | Responsive |
| 🐦 Social Media Platforms | Facebook YouTube |
| 🗯️ Languages supported | English, Spanish, German, French, Italian, Portuguese, Dutch, Chinese, and other languages |
| 🎓 Forex course | No comprehensive course; limited resources |
| ✏️ Webinars | Limited availability |
| 📔 Educational Resources | Basic tutorials and guides |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Hundreds of affiliate partners globally |
| 🤝 IB Program | ✅Yes |
| 🎉 Sponsor | Legia Warsaw Chicago Bulls BSC Young Boys |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| The Plus500 platform does not have a high learning curve like other platforms | Plus500 does not offer MetaTrader or any other third-party platforms |
| Plus500’s demo account is ideal for testing trading strategies and practicing trading | There are high CFD fees because of wider, marked-up spreads |
| Plus500 works on a spread-only basis, free from commission fees | There is a 0.7% currency conversion fee |
Our Insights
The Benefits of trading with Plus500 include around-the-clock support via chat and Email.
IG
IG is a well-established and highly regulated Forex Broker. Ten Tier-1 Regulators govern it. Moreover, offices are based in the United Kingdom, the United States, Australia, and Singapore. Many Account types are offered with a Single base currency accepted, USD.
Trading platforms include MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, and, FIX API.The following trading instruments and products are available:
- More than eighty currency pairs
- More than eighty indices
- Over 10,000 shares
- 35 commodities
- Ten cryptocurrencies, including Ripple, Bitcoin, and Ethereum
- 33 futures contracts
- Twenty options markets
- Twelve bonds
- More than 6,000 ETFs
- 28 digital 100s
Moreover, the broker offers trading on six interest-rate markets.
| 🔎 Broker | 🥇 IG |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Our Insights
The benefits of trading with IG include an extensive range of tradable assets, including forex, indices, equities, commodities, and, cryptocurrencies.
Is Forex Trading Legal in Andorra?
Forex Trading in Andorra is Legal and Licensed. Moreover, the Financial Sector Supervision and Regulation in Andorra govern it.
Tourism, Currency Exchange and Forex – How Does It Work?
Tourism accounts for more than 80% of the country’s gross domestic product (GDP) and currency exchange is a daily occurrence. Currency exchanges are available physically and online. Moreover, they allow travelers to exchange one country’s currency for another.
On the other hand, the Foreign Exchange Market or Forex Market is a global decentralized market for the trading of currencies. Currencies being traded are listed in pairs. The process of Forex Trading involves the buying or selling of a currency relative to another currency.
In lamens terms, a currency will always be traded relative to another currency. If a trader sells a currency, they are buying another, and if they buy a currency, another is sold. The profit is made on the difference between the transaction prices.
In Conclusion
Forex Trading in Andorra is Legal. Moreover, tourism accounts for more than 80% of the country’s gross domestic product (GDP). Therefore, Currency Exchange is a daily occurrence. Furthermore, it is licensed and regulated by the Financial Sector Supervision and Regulation in Andorra.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While reviewing the Best Forex Brokers that accept Andorran Traders, we found 9 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Frequently Asked Questions
Does Moneta Markets provide a Demo Account?
Moneta Markets offers a demo account with $100,000 in virtual funds.
Is IC Markets suited to Beginners?
IC Markets provides beginner-friendly tools like instructional materials and demo accounts.
Does Tickmill allow Scalping and Hedging?
Scalping and Hedging are allowed.
What accounts does Pepperstone offer?
Standard and Razor Accounts.
Does XTB provide customer support?
XTB provides 24/5 Customer support.
What is the Oanda minimum deposit?
No minimum deposit is required.
What platform does Admirals offer?
MetaTrader 4, MetaTrader 5
What platform does Plus500 offer?
A proprietary trading platform.
How many currency pairs does IG offer?
80+ currency pairs, including major, minor, and, exotic.
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