5 Best Forex Brokers in Libya

Last Update: June 26th, 2024

The 5 Best Forex Brokers in Libya – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Libya.

In this in-depth guide you will learn:

• The Best Forex Brokers in Libya – a List
• Is Forex Trading Legal in Libya?
• The Best Forex Brokers in Africa for Beginners
• The Best MetaTrader Forex Brokers

and much, MUCH more.

5 Best Forex Brokers in Libya – a Comparison

5 Best Forex Brokers in Libya (2024)

1. ☑️ AvaTrade – Overall, the Best Forex Broker in Libya
2. ☑️ XM – Best Overall Experience
3. ☑️ HYCM – Leading MetaTrader Forex Broker
4. ☑️ TMGM – Best Online Trading Experience
5. ☑️ Tickmill – Best Mobile Trading Experience

AvaTrade

AvaTrade is a highly regulated brokerage with a global presence. Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. Accounts include Retail, Islamic, and, Professional. Moreover, a Demo Account is available. The minimum deposit is 100 USD. Notable Factors and features to consider include:

• Access to a Referal Bonus
• Base Currencies including ZAR, USD, GBP, and, AUD
• Spreads from 0.6 Pips on the Pro Account
• Spreads from 0.9 Pips on the Retail Account
• Leverage of up to 1:30 (Retail)
• Leverage of up to 1:400 (Pro)

Trading Instruments include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs. Trading Platforms available are:

• AvaTrade Webtrader
• AvaOptions
• MetaTrader 4
• MetaTrader 5
• AvaSocial
• DupliTrade
• ZuluTrade

In addition, Mobile Trading is available via the AvaTradeGO App. Furthermore, Scalping and Hedging are offered.

Pros and Cons

Our Insight

The Benefits of trading with AvaTrade include access to several award-winning trading platforms. Moreover, Copy and Social Trading are available.

XM

XM is a well-established and highly regulated Financial Services provider. Regulations include FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA. Accounts available are Micro, Standard, Ultra-Low, and, Shares. Moreover, a Demo Accounts and Isamic, Swap-Free Option is available. The minimum deposit is 5 USD. Notable Factors and features to consider include:

• Micro and Ultra Low Accounts for Beginners
• Spreads from 0.6 Pips
• Leverage of up to 1:1000
• Access to over 50 Currency Pairs

Trading Instruments include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks. Trading Platforms available are:

• MetaTrader 4
• MetaTrader 5

In addition, a Proprietary Mobile Trading App is available.

Pros and Cons

Our Insights

The Benefits of trading with XM are several base currencies and a low minimum deposit. Moreover, multilingual customer support is available.

HYCM

HYCM is a highly regulated and well-established global financial services provider. Regulations include FCA, CySEC, CIMA, and, the DFSA. Accounts available are Fixed, Classic, and, Raw. Moreover, a Demo Account is available. The minimum deposit is 20 USD. Notable Factors and features to consider include:

• 5 Base Currencies including USD and EUR
• Spreads from 0.1 Pips
• Leverage of up to 1:500
• Over 60 Currency Pairs, including Major, Minor, and Exotic Pairs

Trading Instruments include Forex, Metals, Energies, Commodities, Indices, Stocks, and Cryptocurrencies. Trading Platforms available are MetaTrader 4, MetaTrader 5, and HYCM Trader. In addition, Scaling and Hedging are offered.

Pros and Cons

Our Insights

The benefits of trading with HYCM include multilingual customer support and an affiliate program.

TMGM

TMGM is a top-tier regulated Forex and CFD Broker. Regulations include ASIC, FMA, and, the VFSC. Accounts available are Classic, Edge, IRESS Standard, IRESS Premium, and, IRESS Gold. Moreover, a Demo Account and an Islamic, Swap-Free option are available. Notable Factors and features to consider include:

• Spreads from 0.0 Pips
• Leverage of up to 1:1000
• Over 50 Currency Pairs, including Major, Minor, and, Exotic

Additional costs that must be taken into account include:

• 30 USD after 6 months of inactivity
• Commissions from $7

Trading Instruments include Forex, metals, shares, energies, crypto CFDs, and, Indices. Trading Platforms include MetaTrader 4, MetaTrader 5, IRESS, and, HUBx.

Pros and Cons

Our Insights

With additional trading Fees and a 100 USD Minimum deposit, TMGM best suit Established Traders.

Tickmill

Tickmill is a prominent forex and CFD broker with a Global reach. Regulations include CySEC and the FSCA. Accounts available include VIP, Classic, and, Pro. Moreover, a Swap-Free Account and Demo Option is available. The minimum deposit is 100 USD. Notable Factors and features to consider include:

• Spreads from 0.0 Pips
• Leverage of up to 1:500
• Multiple Base Currencies
• No Inactivity Fee is charged

Trading Instruments include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. Tickmill Support MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile App is available.

Pros and Cons

Our Insights

It should be noted that trading with Tickmill is not commission-free. Tickmill is best suited to established and active traders.

In Conclusion

Forex Trading in Libya operates within a grey area. It is legal and available without restriction. However, it is not specifically regulated by a local regulatory authority.

	Broker	Review	Regulators	Min Deposit	Website
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	USD 100	Visit Broker
🥈		Read Review	FSCA, IFSC, ASIC, CySEC, DFSA, FCA	USD 5	Visit Broker
🥉		Read Review	FCA, FSCA, FSC, CMA	USD 10	Visit Broker
4		Read Review	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	USD 200	Visit Broker
5		Read Review	FCA, CySEC, FSCA, SCB	USD 100	Visit Broker
6		Read Review	CySEC, MISA, FSCA	USD 25	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 Libyan Traders, we found 5 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.

You might also like:

• AvaTrade Review
• XM Review
• HYCM Review
• TMGM Review
• Tickmill Review