6 Best Forex Brokers in Montenegro
The 6 Best Forex Brokers in Montenegro – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Montenegro.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Montenegro – a List
- Is Forex Trading Legal in Montenegro?
- The Best Forex Broker for Beginners and Foreigners
- The Best MetaTrader 4/MetaTrader 5 Forex Brokers
and much, MUCH more!
6 Best Forex Brokers in Montenegro – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Montenegrin Traders | 💶 Min. Account (EUR) |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 92,22 |
| 🥈 Exness | 👉 Click Here | ✅Yes | 9,22 |
| 🥉 FP Markets | 👉 Click Here | ✅Yes | 61,34 |
| 🏅 Pepperstone | 👉 Click Here | ✅Yes | 122,68 |
| 🎖️ EasyMarkets | 👉 Click Here | ✅Yes | 23,05 |
| 🥇 eToro | 👉 Click Here | ✅Yes | 9,22 |
6 Best Forex Brokers in Montenegro (2024)
- ☑️ AvaTrade – Overall, The Best Forex Broker in Montenegro
- ☑️ Exness – Excellent Overall Offering
- ☑️ FP Markets – Best MetaTrader 5 Forex Broker
- ☑️ Pepperstone – Best Online Trading Experience
- ☑️ EasyMarkets – Low EUR Minimum Deposit
- ☑️ eToro – Best Forex Broker for Copy Trading
AvaTrade
AvaTrade is a leading, highly regulated Forex and CFD Broker. Regulations include BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, and, CySEC. Accounts offered are Retail, Islamic, and, Professional. Moreover, the minimum deposit is 100 USD. In addition:
- Spreads start from 0.6 Pips
- Leverage of Up to 1:400 (Pro Account)
- Over 51 Currency Pairs to Trade
- Inactivity Fee Charged
Trading Platforms offered are AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade. Trading Instruments available include Forex, Stocks, Commodities, Crypto CFDs, and, Treasuries.
| 🔎 Broker | 🥇 AvaTrade |
| 💴 Minimum Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
AvaTrade is an excellent Forex Broker with an impressive all-round offering. Moreover, its trading platforms contain sophisticated security measures.
Exness
Exness is a trusted and highly regulated Forex Broker. Regulations include FSA, CBCS, and, the FSC. Accounts include Standard, Standard Cent, Raw Spread, Zero, Pro, and, Islamic. The minimum deposit is 10 USD. In addition:
- Scalping and Hedging are offered
- An Affiliate Program is available
- Spreads start from 0.0 Pips
- Over 100 Currency Pairs available for Trade
Trading Platforms available are MetaTrader 4, MetaTrader 5, Exness Terminal, and, a Proprietary Exness App. Trading Instruments include Forex, Commodities, Stocks, Indices, and, Cryptocurrencies.
| 🔎 Broker | 🥇 Exness |
| 💴 Minimum Deposit | 10 USD |
| 📈 Spreads | From 0.0 pips EUR |
| 📉 Leverage | Unlimited |
| 🪙 Currency Pairs | 100+ |
| 🤝 Affiliate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Flexible trading accounts | Demo account is only valid for 21 days |
| Well-regulated + Comprehensive fund protection | Limited product portfolio |
| Powerful trading platforms | Country Restrictions |
Our Insights
Exness is best suited to established traders as there is a spread markup that can increase trading costs.
FP Markets
FP Markets is a leading Forex and CFD Broker with access to Low Forex and Non-Trading Fees. In addition, no inactivity fee is charged. Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC. Accounts offered are Standard, Raw, Islamic Standard, and, Islamic Raw. The minimum deposit is AU$100. In Addition:
- Spreads start from 0.0 Pips.
- A Leverage of up to 1:500 is offered.
- An Affiliate Option is offered
Trading platforms offered are Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
FP Markets suit all levels of Traders. Beginners will benefit from impressive educational resources and trusted customer support.
Pepperstone
Pepperstone is a well-established Australian Forex and CFD Broker. Regulations include ASIC, BaFin, CMA, and, CySEC. Accounts offered are Standard and Razor. The minimum deposit is AU$ 200. In addition:
- USD and GBP Base Currencies
- Spreads from 0.0 Pips
- Over 70 Currency Pairs including Minor, Major, and, Exotic
Trading Platforms available are TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. Trading Instruments offered are 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
Pepperstone offers its services to Traders of all experience levels. However, the minimum deposit is high.
easyMarkets
easyMarkets is an innovative and trusted Forex and CFD Broker. Regulations include BVI FSC, CySEC, ASIC, and, the FSA. Accounts available are Web/App VIP, Web/App Premium, Web/App Standard, MT4 VIP, MT4 Premium, MT4 Standard, and Standard MT5. In addition:
- TRadingView integration
- Leverage of up to 1:2000
- Over 45 Currency Pairs including Major, Minor, and, Exotic
Trading Platforms offered are TradingView, MetaTrader 4, and, MetaTrader 5. Trading Instruments available are Forex, Shares, Cryptocurrencies, Precious metals, Commodities, Indices, and, Options.
| 🔎 Broker | 🥇 easyMarkets |
| 📈 Regulation and Licenses | BVI FSC, CySEC, ASIC, FSA |
| 📉 Ease of Use | 5/5 |
| ⏰ Support Hours | 24/5 |
| 📊 Trading Platforms | TradingView, MetaTrader 4, MetaTrader 5, easyMarkets |
| 💹 Spreads | From 0.5 pips |
| 📌 Leverage | 1:2000 |
| 💸 Currency Pairs | 45; major, minor, exotic pairs |
| 💳 Minimum Deposit | 25 USD |
| 🚫 Inactivity Fee | None |
| ✅ Affiliate Program | ✅Yes |
| ✔️ Scalping | ✅Yes |
| 📍 Hedging | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fixed spreads | High spreads compared to other brokers. |
| Bonus Offers | No cent account |
Our Insights
easyMarkets is suited to all traders. Beginners will benefit from a wide range of educational resources and a low minimum deposit.
eToro
eToro is a social investment and multi-asset brokerage company with a global reach. Regulations include CySEC, FCA, and, ASIC. A Standard Account and Proprietary trading Platform is offered. The minimum deposit is 10 USD. In Addition:
- Spreads from 1 Pip
- Leverage of up to 1:400
- USD Base Currency
Trading Instruments available are Forex, Stocks, Crypto CFDs, Indices, Commodities, and, ETFs.
| 🔎 Broker | 🥇 eToro |
| 📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, FinCEN, FINRA |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:30 |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | $50 USD |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single base currency |
Our Insights
eToro is the best Broker for traders interested in Copy Trading. Moreover, Beginners will benefit from a wide range of educational resources.
Is Forex Trading Legal in Montenegro?
Forex Trading is Legal and Governed in Montenegro.
In Conclusion
Forex Trading in Montenegro has seen a notable rise in popularity amongst young Montenegrin professionals.
| 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 Montenegrin 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.
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Faq
Forex Trading is Legal and Governed in Montenegro.
The Minimum deposit to open an AvaTrade account is 100 USD.
100+ Currency Pairs, including Major, Minor, and, Exotic Pairs.
Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC.
Pepperstone offers leverage of up to 1:500 on the Pro and 1:200 on the Razor Account.
TradingView, MetaTrader 4, and, MetaTrader 5.
eToro charges a 10 USD fee after 12 months of Inactivity.
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