6 Best Forex Brokers in Micronesia
The 6 Best Forex Brokers in Micronesia – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Micronesia.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Micronesia – a List
- Is Forex Trading Legal in Micronesia?
- The Best Forex Brokers for Beginners and Foreigners
- Leading MetaTrader 4 and MetaTrader 5 Forex Brokers
And much, MUCH more!
6 Best Forex Brokers in Micronesia – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit |
| 🥇 IC Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🥈 Tickmill | 👉 Click Here | ✅Yes | 100 USD |
| 🥉 FP Markets | 👉 Click Here | ✅Yes | AU$ 100 |
| 🏅 GO Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🎖️ Pepperstone | 👉 Click Here | ✅Yes | AU$ 200 |
| 🥇 CMC Markets | 👉 Click Here | ✅Yes | None |
6 Best Forex Brokers in Micronesia (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in Micronesia
- ☑️ Tickmill – Best Overall Trading Experience
- ☑️ FP Markets – The Best MetaTrader 4 Forex Broker
- ☑️ GO Markets – The Best MetaTrader 5 Forex Broker
- ☑️ Pepperstone – Leading Broker for Established Traders
- ☑️ CMC Markets – The Best Forex Broker for Beginners
IC Markets
IC Markets is a globally recognized Forex and CFD Broker licensed and regulated by ASIC, CySEC, FSA, and the SCB. Account available includes cTrader, Raw Spread, Standard, Islamic, and Demo Options. Notable factors and features of the account types include:
- Commission Fees are charged to the cTrader and Standard Accounts.
- All Markets are available across the Board.
- MT4 and MT5 are available on the Raw Spread and Standard Accounts.
- The Minimum Trade Size is 0.01 Lots.
- The Minimum Deposit is 200 USD across the Board.
Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and ZuluTrade. Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and Futures.
| 🔎 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 impressive security measures, including Negative Balance Protection.
Tickmill
Tickmill is a prominent CFD and Forex Services provider catering to Beginners and Professional Traders. Regulations include Seychelles FSA, FCA, CySEC, Labuan FSA, and the FSCA. Pro, Classic, VIP, Demo, and Islamic, Swap-Free Account Options are available. Notable Factors about the Tickmill account selection include:
- The Classic Account is commission-free.
- All trading platforms are supported by all account types.
- The Minimum deposit to open a Classic account is 100 USD.
Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and ETFs. Trading Platforms supported are MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Tickmill Mobile App is available.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
Broker highlights include several account types and trusted trading platforms such as MT4 and MT5.
FP Markets
FP Markets is an impressive Forex and CFD Brokerage with access to over 10,000 trading items, including Forex, indices, commodities, stocks, and cryptocurrencies. License and Regulations include ASIC, CySEC, FSCA, FSA, and the FSC. Account Types available are Standard, Raw, Islamic Standard, Islamic Raw, and Demo Options. Account highlights include:
- The Standard and Standard Islamic Accounts are Commission Free
- The Minimum Trade size is 0.01 Lots across all accounts
- The Raw and Islam Raw Accounts best suit Scalpers and Algorithmic Traders
The Minimum deposit for all accounts is AU$ 100. Trading instruments and Products include MetaTrader 4, MetaTrader 5, IRESS, and cTrader. Moreover, an FP Markets mobile app is available for download.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
The benefits of trading with FP Markets include Multilingual Customer Support. Languages supported include English, Arabic, German, Portuguese, Vietnamese, Indonesian, French, Malay, Italian, and Russian.
GO Markets
GO Markets is a highly regulated, global Forex and CFD services provider. Its licenses and Regulations include ASIC, FSA Seychelles, FSC Mauritius, and CySEC. Accounts available are Standard and GO+ Plus Accounts. The Standard Account is Commission-Free. In addition, a Demo Account is available. The Minimum deposit is 200 USD.
Supported Trading Platforms include MetaTrader 4, MetaTrader 5, and cTrader. Trading instruments and Products include Forex, shares, indices, metals, commodities, and cryptocurrencies.
| 🔎 Broker | 🥇 GO Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 🪙 Currency Pairs | 50+; minor, major, exotic pairs |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Competitive Spreads | Not FCA Regulated |
Our Insights
The Benefits of trading with GO Markets include an impressive range of educational resources, including Inner Circle Webinars.
Pepperstone
Pepperstone is a trustworthy and highly regulated Forex Broker that provides competitive spreads on Contracts for Difference (CFDs). License and Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and the SCB. Account Options include Standard, Razor, Islamic, and Demo Options. The minimum deposit is AU$ 200. Notable Factors and Features include:
Supported Trading Platforms include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and Capitalise.ai. Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and ETFs.
| 🔎 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 full digital account opening and great customer support.
CMC Markets
CMC Markets is a trusted Forex Brokerage with regulations including BaFin, FCA, ASIC, MAS, FMA, IIROC, and the DFSA. Account Options include CFD, Spread Betting, and Corporate Options. The CFD Account is available to all traders, whereas the Corporate account is specifically designed for Institutional Investors. Moreover, a Demo Account is available.
Supported Trading Platforms include MetaTrader 4 and the Proprietary Next-Generation Platform. In addition, a CMC Markets Mobile App is available. Trading instruments and Products include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and ETFs.
| 🔎 Broker | 🥇 CMC Markets |
| 💴 Minimum Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
The benefits of trading with CMC Markets include trusted multilingual customer support. Supported languages include English, French, German, Italian, Norwegian, Polish, and Spanish.
Is Forex Trading Legal in Micronesia?
Forex Trading in Micronesia is legal and available without restriction.
In Conclusion
Forex Trading in Micronesia is legal and available without restrictions. Moreover, several International Forex Brokers accept Micronesian Traders.
| 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 Micronesian Traders, we found 6 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:
- IC Markets Review
- Tickmill Review
- FP Markets Review
- GO Markets Review
- Pepperstone Review
- CMC Markets Review
Faq
Forex Trading in Micronesia is legal and available without restriction.
IC Markets provides various leverage choices, from 1:1 to 1:500.
24/7 Dedicated Customer Support is available.
Regulations include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC.
The Pepperstone Minimum Deposit is AU$ 200.
Deposit Options accepted include Credit Cards, Debit Cards, Bank Transfers, and, Online Banking.
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