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

5 Best Forex Brokers in Bhutan (2024)

1. ☑️ Interactive Brokers – Overall, the Best Forex Broker accepting Bhutanese Traders.
2. ☑️ XTB – Commission-free stocks and ETFs.
3. ☑️ Oanda – Excellent Trading Platforms + Educational Resources.
4. ☑️ Admirals – Straightforward account opening.
5. ☑️ 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

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

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

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

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

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	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	BVI FSC	USD 1	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

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.

You might also like:

• Interactive Brokers Review
• XTB Review
• Oanda Review
• Admirals Review
• IC Markets Review