3 Best Forex Brokers in North Macedonia
The 3 Best Forex Brokers in North Macedonia – Rated and Reviewed. We have listed the Best Forex Brokers that accept traders from North Macedonia.
In this in-depth guide you will learn:
- The Best Forex Brokers in North Macedonia – a List
- Is Forex Trading Legal in North Macedonia?
- The Best Forex Brokers for Beginners and Foreigners
- The Best Forex Broker for International Students
- Low MKD Minimum Deposit Forex Brokers
and much, MUCH more!
3 Best Forex Brokers in North Macedonia – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts North Macedonian Traders | 💶 Min. Deposit (MKD) |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 5683,89 |
| 🥈 XM | 👉 Click Here | ✅Yes | 284,19 |
| 🥉 BDSwiss | 👉 Click Here | ✅Yes | 568,39 |
3 Best Forex Brokers in North Macedonia (2024)
- ☑️ AvaTrade – Overall, The Best Forex Broker in North Macedonia
- ☑️ XM – Excellent Overall Offering
- ☑️ BDSwiss – Best Broker for International Students
AvaTrade
AvaTrade is a well-regulated, highly trusted Forex and CFD Broker. Moreover, it is regulated in the EU, Japan, Australia, South Africa, UAE, and the British Virgin Islands. In addition, accounts offered are Retail, Islamic, and, Professional. The minimum deposit is 100 USD. Notable features include:
- A Referral Bonus is available
- 24/7 Customer Support
- Base Currencies accepted include ZAR, USD, GBP, and, AUD
- Leverage of up to 1:400 (Pro Account)
- Multilingual Website Option
- Scalping and Hedging are allowed.
Trading Platforms offered are AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade. Moreover, Trading Instruments available are Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs.
| 🔎 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 best suited to established traders. Trading and non-trading fees apply.
XM
XM is a highly regulated and well-established Forex and CFD broker. The FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA regulate it. Moreover, accounts available are Micro, Standard, Ultra-Low, and, Shares. In addition, the minimum deposit is 5 USD. Notable features include:
- 24/7 Customer Support
- Access to the MetaTrader Suite
- Base Currencies include ZAR, USD, EUR, and, GBP.
- Multi-lingual Website Option
- Scalping and Hedging are allowed
Furthermore, Trading Platforms available are MetaTrader 4 and MetaTrader 5. In addition, an XM Trading Platform is available. Trading Instruments include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks.
| 🔎 Broker | 🥇 XM |
| 💴 Minimum Deposit | $5 USD |
| 🎁 Bonus Offers | ✅Yes |
| 📈 Account Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| ⏰ Support Hours | 24/7 |
| 🆓 Demo Account | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum deposit | No social trading features available |
| Unlimited Demo Account | Inactivity Fees |
Our Insights
XM suits traders from all experience levels. However, an inactivity fee applies.
BDSwiss
BDSwiss is a highly trusted and regulated Forex and CFD Broker. CySEC, FSC, and, the FSA regulate it. In addition, accounts offered are Cent, Classic, VIP, ZeroSpread, and Islamic. Furthermore, the Minimum deposit is Low at 10 USD. Additional features include:
- 24/5 Customer Support
- Leverage up to 1:2000
- Access to a Demo Account
Trading Platforms offered are MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile App is available. Trading Instruments include Forex, Commodities, Shares, Indices, and, Cryptocurrencies.
Pros and Cons
| ✅ Pros | ❌ Cons |
| A wide variety of tradable items | Spreads are somewhat higher compared to competitors |
| Strong instructional content | Withdrawal costs might be off-putting |
| Advanced trading tools are provided | Account types are limited as compared to other brokers |
| The trading platform's UI is user-friendly | The research tools could be more extensive |
| Customer assistance is responsive | Premium services incur additional expenses |
Our Insights
BDSwiss is best suited to Established Traders. Moreover, the benefits of trading with BDSwiss include excellent Customer Support and Educational Resources.
The North Macedonia Denar (MKD)
The Noth Macedonia Denar (MKD) is the local currency. The acronym ‘MKD’ relates to a localized spelling of Makedonija.
The National Bank of the Republic of Macedonia
The National Bank of the Republic of Macedonia is the central bank of Macedonia. The Functions of the National Bank include the handling and management of Foreign Exchange Reserves.
Is Forex Trading legal in North Macedonia?
There are no legal limitations on Foreign exchange transactions in North Macedonia. Moreover, it is regulated by the National Bank of the Republic of Macedonia.
In Conclusion
Leading International Forex Brokers accept Traders in North Macedonian. No legal restrictions apply. Moreover, it is well-regulated by the National Bank of the Republic of Macedonia.
| 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 200 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | 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 North Macedonian Traders, we found 3 excellent options. Moreover, 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 can be Traded in North Macedonia. In addition, no legal limitations are set on private financial transfers, foreign exchange transactions, and capital movements.
The National Bank of the Republic of Macedonia.
The Macedonian Denar (MKD).
The South African Rand, the United States Dollar, the Great British Pound, and the Australian Dollar.
The Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC) regulate it.
24/5 Customer Support is offered.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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