6 Best Forex Brokers in Nicaragua
Last Update: June 26th, 2024
The 6 Best Forex Brokers in Nicaragua – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Nicaragua.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Nicaragua – a List
- The Highest Rated Forex Brokers for Beginners
- Leading Forex Brokers for Foreigners
- The Best MetaTrader 4 and MetaTrader 5 Forex Brokers
- Is Forex Trading legal in Nicaragua
and much, MUCH more!
6 Best Forex Brokers in Nicaragua – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💴 Min. Deposit (NIO) |
| 🥇 Trade Nation | 👉 Click Here | ✅Yes | None |
| 🥈 Vantage | 👉 Click Here | ✅Yes | 1840,32 |
| 🥉 IC Markets | 👉 Click Here | ✅Yes | 7361,30 |
| 🏅 TMGM | 👉 Click Here | ✅Yes | 3680,65 |
| 🎖️ IG | 👉 Click Here | ✅Yes | 1840,32 |
| 🏆 FP Markets | 👉 Click Here | ✅Yes | 2441,17 |
6 Best Forex Brokers in Nicaragua (2024)
- ☑️ Trade Nation – Overall, the Best Forex Broker in Nicaragua
- ☑️ Vantage – High User Trust Score
- ☑️ IC Markets – Best Mobile Trading Experience
- ☑️ TMGM – Best Online Trading Experience
- ☑️ IG -Low NIO Minimum Deposit
- ☑️ FP Markets – The Best MT4 and MT5 Forex Broker
Trade Nation
Trade Nation is a well-regarded Forex and CFD Broker with a trust score of 90 out of 99. License and Regulations include the FCA, ASIC, FSCA, SCB, and, the FSA. Accounts available include:
- Low Leverage Account: Available to EU, UK, and Australian Traders
- High Leverage Account: Available to Bahama and South African Traders
Trading Platforms supported include MetaTrader 4 and a Proprietary Trading Platform. Several trusted deposit options are accepted, including Credit Cards, Debit Cards, and, Bank Wire Transfers. Notable Factors and Features include:
- 24/5 Multilingual Customer Support
- Spreads from 0.3 Pips EUR/USD
- Leverage of up to 1:30 FCA and ASIC
- Leverage of up to 1:200 FSCA and SCB
- No Minimum deposit is required
Trading Instruments and Products include Forex pairings, indices, and commodities.
| 🔍 Broker | 🥇Trade Nation |
| 💵 Minimum Deposit | 0 USD |
| 4️⃣ Ease of use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| TradeStation has low intraday margins of 10% | There is a deep learning curve for beginner traders |
| Commissions start from $0.50 on Micro E-Mini Futures | Inactivity fees are charged |
| TradeStation offers several trading options on futures | There are limits to fundamental research |
| Traders can access TradeStation matrix for order entries | Subscription costs apply |
Our Insights
The benefits of trading with Trade Nation include impressive educational resources, including Articles, Tutorials, and, Trading Guides.
Vantage
Vantage, previously known as VantageFX and Vantage Markets, is a highly trusted, regulated multi-asset broker. Regulations by acclaimed and trusted agencies include CIMA, VFSC, FSCA, and, ASIC. Account Options include:
- Standard STP Account – Best Suited to Beginners and Casual traders
- Raw ECN – Ideal for Scalpers and Day Traders
- PRO ECN – Best Suited to Professional Traders
Moreover, Islamic, Swap-Free Trading, and a Demo Account are available. Supported Trading Platforms include MetaTrader 4, MetaTrader 5, ProTrader, Vantage App, Vantage Copy Trading, ZuluTrade, DupliTrade, and, Myfxbook AutoTrade. Notable features include:
- Multiple Base Currencies, including EUR and USD
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 40 Currency Pairs
Trading instruments and Products include Forex, Indices, Metals, Soft commodities, Energies, ETFs, Share CFDs, Bonds, and, Crypto CFDs
| 🔍 Broker | 🥇 Vantage Markets |
| 💵 Minimum Deposit | 50 USD |
| 4️⃣ Ease of use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Narrow spreads on the ECN accounts | Some payment methods might incur withdrawal fees |
| Fast transaction execution while minimizing slippage in turbulent markets | Some services and product offers may be restricted by Location |
| Traders can use webinars, market analysis, and other instructional resources | Share CFD trading expenses may be higher than those of certain rivals |
Our Insights
The benefits of Trading with Vantage include access to Narrow spreads and lower overall trading costs on the ECN Account.
IC Markets
IC Markets is a renowned online retail forex and CFD broker. Moreover, it has a trust score of 94 out of 99. License and Regulations include ASIC, CySEC, FSA, and, the SCB. Account Options include:
- cTrader Account – Suited to All Traders using the cTrader Platform.
- Raw Spread Account – Best Suited to Scalpers, Day Traders, and, Active Traders.
- Standard Account – Ideal for Beginners and Casual Traders.
Moreover, Islamic and Demo Trading is supported. Trading Platforms supported are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. In addition, Copy and Social Trading are available. Notable Factors include:
- 24/7 Multilingual Customer Support
- Several Base Currencies, including AUD and SGD
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 60 Currency Pairs
Funding Options include Neteller, Skrill, Bank Wire Transfers, and, UnionPay. Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 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
Broker Benefits of selecting IC Markets include access to a Comprehensive Education and Research Selection.
TMGM
TMGM is a popular and well-regulated Forex and CFD Broker. License and Regulations include ASIC, FMA, and, the VFSC. Accounts available include:
- Classic Account – Ideal for Beginners
- Edge Account – Ideal for Scalpers
- IRESS Standard Account – Ideal for Casual Traders
- IRESS Premium Account – Ideal for experienced traders and Investors
- Iress Gold Account – Ideal for Professionals
Moreover, Islamic, Swap-Free Trading, and a Demo Account are available. Supported Trading Platforms include MetaTrader 4, MetaTrader 5, IRESS, and, HUBx. Notable features include:
- Multiple Base Currencies, including USD and EUR
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Over 50 Currency Pairs
Trading instruments and Products include Forex, metals, shares, energies, crypto CFDs, and, indices.
| 🔍 Broker | 🥇TMGM |
| 💵 Minimum Deposit | 100 USD |
| 4️⃣ Ease of use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Quick order execution + little slippage | Restricted Proprietary Platforms |
| MT4 and MT5 | Limited Demo Account |
Our Insights
The benefits of trading with TMGM include 24/7 Multilingual, prompt, and Friendly Customer Support.
IG
IG is amongst the highest regulated and trusted Global Brokerage Firms. License and Regulations include FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, the BMA. Accounts available are:
- CFD/DMA Trading Account – Available in All Regions
- Limited Risk Trading Account – Available in the EU
- Options Trading Account – Available in the EU
- Turbo24 Trading Account – Available in the EU
- Share Dealing Account – Available in Australia
- Spread Betting Account – Available in the United Kingdom
- Swap-Free Trading Account – Available in Dubai
Supported Trading Platforms are MetaTrader 4, ProRealTime (PRT), L2 Dealer, and, FIX API. In addition, a Proprietary Mobile App is available for Download. Notable features include:
- Spreads from 0.1 Pips
- 24/7 Dedicated Customer Support
- Access to over 8- Currency Pairs
- Access to an Affiliate Program
Trading instruments and Products include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, Interest rates.
| 🔎Broker | 🥇IG |
| 📈 Regulation and Licenses | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💴 Base Currencies | USD |
| 📊 Spreads | From 0.1 pips DMA |
| 📌 Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
| 💸 Currency Pairs | 80+; major, minor, and exotic pairs |
| 💳 Minimum Deposit | From 50 USD (differs per region) |
| 🚫 Inactivity Fee | Yes, 12 USD after 2 years of inactivity |
| 📍 Website Languages | English |
| 💰 Fees and Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 🚀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 access to a unique web-based platform, mobile apps, and compatibility with MetaTrader 4 (MT4).
FP Markets
FP Markets is a well-established, trusted, and highly regulated Forex and CFD Broker. Regulations by acclaimed and trusted agencies include ASIC, CySEC, FSCA, FSA, and, the FSC. Account Options include:
- Standard Account – Suited to Beginners and Casual Traders
- Raw Account – Ideal for Scalpers and Algorithmic Traders
- Islamic Account – Swap-Free Option for Beginners and Casual Traders
- Islamic Raw Account – Swap-Free Option for Scalpers and Algorithmic Traders
In addition, a Demo account is available. Trading Platforms supported are MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. Moreover, a Proprietary Mobile App is available. Notable Factors and Features include:
- Multiple Base Currencies, including AUD, CAD, and, GBP
- No Inactivity Fee is Charged
- 24/7 Dedicated Customer Support
- Spreads from 0.0 Pips
- Leverage of up to 1:500
Deposit Options accepted include FasaPay, Skrill, Neteller, Bank Transfers, and, PerfectMoney. Trading instruments and Products include 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
The benefits of trading with FP Markets include multiple trading platforms, tight spreads, and, Low Forex Fees.
Is Forex Trading Legal in Nicaragua?
Forex Trading in Nicaragua is Legal and available without any limitation. However, there are no Foreign Exchange Controls in the country.
In Conclusion
Forex Trading in Nicaragua has seen a notable rise in popularity. Moreover, it is Legal and available without restriction. However, it is not locally regulated. To Trade Forex Legally, an Internationally Regulated Forex Broker must be selected.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | 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 | FCA, FINMA, FSA, ASIC | USD 0 | 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 Nicaraguan 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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Forex Trading in Nicaragua is Legal and available without any limitation. However, there are no Foreign Exchange Controls in the country.
No Minimum deposit is required.
Vantage requires a minimum deposit of 50 USD.
No Inactivity Fee is Charged.
Regulations include ASIC, FMA, and, the VFSC.
Over 80 Currency Pairs, including Major, Minor, and, Exotic Pairs.
FP Markets supports MetaTrader 4 and MetaTrader 5.
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Top 4 Brokers
