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6 Best Forex Brokers in Palau

Edited by: Louis Schoeman

Forex Brokers Palau

 

The 6 Best Forex Brokers in Palau – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Palau.

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Palau – a List
  • Is Forex Trading Legal in Palau?
  • The Best Forex Brokers for Beginners 
  • International Forex Brokers for Foreigners
  • Low USD Minimum Deposit Forex Brokers
  • The Best MT4 and MT5 Forex Brokers

 

And much, MUCH more!

 

6 Best Forex Brokers in Palau

 

6 Best Forex Brokers in Palau – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💷 Min. Deposit
🥇 Interactive Brokers 👉 Click Here✅YesNone
🥈 Oanda👉 Click Here✅YesNone
🥉 IG👉 Click Here✅Yes50 USD
🏅 XTB👉 Click Here✅YesNone
🎖️ Admirals👉 Click Here✅Yes25 USD
🥇 FXCM👉 Click Here✅Yes50 USD

 

6 Best Forex Brokers in Palau (2024)

 

  1. ☑️ Interactive Brokers – Overall, the Best Forex Broker in Palau
  2. ☑️ Oanda – Best Overall Trading Experience
  3. ☑️ IG – Popular Broker for Active Traders
  4. ☑️ XTB – Low USD Minimum Deposit Broker
  5. ☑️ Admirals – High User Trust Score
  6. ☑️ FXCM – Best Online Trading Experience

 

Interactive Brokers Review

 

Interactive Brokers

IBKR, or Interactive Brokers, is amongst the highest-regulated Forex, CFD, and Financial Services Providers. Licenses and Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and MAS. Accounts available are IBKR Lite and IBKR Pro.

Supported Trading Platforms include BKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and IBKR Impact. IBKR Impact is a proprietary mobile app. Notable Factors and Features include:

 

  • 24/5 Customer Support
  • Multiple Base Currencies, including CAD and EUR
  • Spreads from 0.6 Pips
  • Leverage of up to 1:30

 

In addition, trading instruments and products include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and Bonds. Several deposit options are offered to fund an account, including SEPA, ETF, and BPAY.

 

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

The benefits of trading with Interactive Brokers include access to the IBKR Campus and Traders’ Academy.

 

OANDA

 

OANDA

OANDA is a well-established Forex and CFD Broker that operates in regulatory compliance with top-tier agencies. Its licenses and Regulations include IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, and the BVI FSC.

Live Trading Accounts available include Standard, Core, Swap-Free, Premium, and Premium Core Options. Moreover, a Demo Account is available. Notable Factors and Features include:

 

  • 24/5 Customer Support
  • Multiple Base Currencies, including USD and HKD
  • Spreads from 01 Pips
  • Access to over 40 Currency Pairs

 

OANDA supports FxTrade, MetaTrader 4, and, MetaTrader 5. In addition, a Proprietary Mobile App is available.

 

🔎 Broker🥇 OANDA
💶 Minimum DepositNone
📌 Account TypesStandard, Elite Trader
🆓 Demo Account✅Yes
🎁 Bonus Offers✅Yes
✏️ Education✅Yes
📲 Mobile Trading ✅Yes
🖱️ Trading PlatformMetaTrader 4
🚀Open an Account👉 Click Here

 

OANDA

 

Pros and Cons

 

✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity fee

 

Our Insights

Broker Highlights include great trading platforms, outstanding research tools, and, low overall trading fees.

 

IG Review

 

IG

IG is a well-established and trusted broker committed to client safety. License and Regulations include FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and BMA. Accounts available are:

 

  • CFD/DMA Trading Account
  • Limited Risk Trading Account
  • Options Trading Account
  • Turbo24 Trading Account
  • Share Dealing Account
  • Spread Betting Account
  • Swap-Free Trading Account
  • Demo Account

 

The Turbo24 Trading Account offers traders 24/7 access to trading exchange-traded items, whereas the Share Dealing Account allows clients to invest directly in shares. Supported trading platforms include MetaTrader 4, ProRealTime (PRT), L2 Dealer, and FIX API.

In addition, an IG Proprietary Mobile Platform is available. Instruments available for trade include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and interest rates.

 

🔎 Broker🥇 IG
📌 Year Founded1974
👤 Amount of Staff2,000+
👥 Amount of Active Traders300,000+
📍 Publicly Traded✅Yes
🛡️RegulationFCA,
ASIC,
CFTC,
NFA,
BaFin
🌎 Country of RegulationUK,
Australia,
US,
Germany
↪️ Account Segregation✅Yes
🚨 Negative Balance Protection✅Yes
⭐ Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💴 Minor Account CurrenciesUSD, EUR, GBP
💶 Minimum Deposit$250
⏰ Average
Deposit/Withdrawal
Processing Time
1-3 business days
💷 Fund Withdrawal FeeNone
📈 Spreads from0.6 pips
📉 CommissionsNone
💰 Number of Base Currencies Supported5
📊 Swap FeesApplicable
⚙️ LeverageUp to 1:30 (Retail)
🔖 Margin RequirementsVaries by asset
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
⏲️ Order Execution Time0.1 seconds
🖱️ VPS Hosting✅Yes
✔️CFDs Total17,000+
📌 CFD Stock Indices80+
🍎 CFD Commodities30+
📍 CFD Shares12,000+
💴 Deposit OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Skrill
💶 Withdrawal OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Skrill
🖥️ Trading PlatformsMetaTrader 4,
ProRealTime,
L2 Dealer,
IG Trading Platform
💻 OS CompatibilityWindows,
MacOS,
Android,
iOS
📐 Forex Trading ToolsEconomic calendar,
Autochartist,
Trading signals
🥰 Live Chat Availability✅Yes
💌 Customer Support Email✅Yes
☎️ Customer Support Contact Number✅Yes
💙 Social Media PlatformsFacebook, Twitter, LinkedIn
✏️ Languages SupportedMultiple languages
📔 Forex Course✅Yes
📚 Webinars✅Yes
📒 Educational ResourcesArticles,
Videos,
Tutorials
📑 Affiliate Program✅Yes
🗃️ Amount of PartnersNot specified
🗄️ IB Program✅Yes
📇 Notable Events or Teams✅Yes
🪙 Rebate Program✅Yes
💴 Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

IG

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

The benefits of trading with IG include a strong regulatory framework, broad market access, and extensive training resources.

 

XTB Review

 

XTB

XTB is a highly regulated and trusted Forex Broker licensed and Regulated by the FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and IFSC. Accounts available are Standard, Swap-Free, Professional, and Demo Account options. Moreover, No minimum Deposit is required. Notable Factors and Features include:

 

  • 24/5 Customer Support
  • USD, EUR, and GBP Base Currencies
  • Spreads from 0.5 Pips
  • Leverage of up to 1:500

 

Supported Trading Platforms include xStation 5 and xStation 5 Mobile. The XTB Mobile platform covers forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies, whereas the xSation 5 platform offers advanced features for traders of all skill levels.

 

🔍 Broker🥇 XTB
📌 Year Founded2002
👤 Amount of StaffApproximately 2,000
👥 Amount of Active TradersOver 500,000
📍 Publicly TradedWarsaw Stock Exchange
📈 RegulationFCA,
KNF,
IFSC,
CySEC
🌎 Country of RegulationUK (FCA),
Poland (KNF)
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💰 Minor Account CurrenciesMajor,
Minor
💴 Minimum DepositVaries by account type
⚡ Average Deposit/Withdrawal Processing Time1-3 business days
💶 Fund Withdrawal FeeNone
📐 Spreads FromFrom 0.1 pips
💶 CommissionsVariable
💵 Number of Base Currencies Supported30+
💷 Swap Fees✅Yes
🔖 LeverageUp to 1:500
🏷️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖇️ Order Execution Time SecondsMilliseconds -
🖥️ VPS HostingSelect accounts
📈 CFDs Total Over 2,000
📉 CFD Stock IndicesMajor global indices
🍎 CFD CommoditiesOil, gold, etc.
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets, etc.
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets, etc.
🖱️ Trading PlatformsxStation 5
⭐ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex Trading ToolsCharting tools,
technical analysis
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
🚩 Languages SupportedMultiple languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
tutorials, etc.
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous global partners
🫰🏻 IB Program✅Yes
🔖 Notable Events or Teams✅Yes
🏷️ Rebate Program✅Yes
🚀 Open an Account👉 Click Here

 

 

XTB

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

Broker Highlights include access to several trusted Deposit options and fast, secure withdrawals.

 

Admirals Review

 

Admirals

Admirals Markets, or Admirals, is a renowned Forex and CFD Service Provider. Regulations by acclaimed and trusted agencies include the FCA, ASIC, CySEC, JSC, FSCA, FSA, and the CMA. Account available include:

 

  • Trade.MT4 and Zero.MT4
  • Trade.MT5 and Invest.MT5
  • Zero.MT5 and Bets.MT5

 

In addition, Islamic, Swap-Free, and Demo Trading are available. Admirals support MetaTrader 4 and MetaTrader 5. Moreover, an Admirals Mobile App is available. Trading instruments include ESG, Forex, Crypto CFDS, Indices, Stocks, ETFs, and Bonds.

 

🔎Broker🥇Admirals
💴Minimum Deposit25 USD
🎉Established Year2001
⏰Support Hours24/5
💻Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals App
📈Account TypesTrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5
🚀 Open an Account
👉 Click Here

 

Admirals

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalNo 24/7 customer service

 

Our Insights

The benefits of trading with Admirals include Multilingual Customer Support. Languages supported include English, German, French, Italian, Romanian, Spanish, Portuguese, Russian, Polish, and more.

 

FXCM Review

 

FXCM

FXCM is a distinguished and respected Forex and CFD Broker regulated by the FCA, ASIC, CySEC, and the FSCA. Account options include CFD Trading, Professional, Islamic, and Demo Accounts. The minimum deposit is 50 USD. Notable factors and Features include:

 

 

Supported Trading Platforms include Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and ZuluTrade. Trading Instruments available are Forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and Stock Baskets.

 

🔍 Broker🥇 FXCM
💵 Minimum Deposit50 USD
4️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes
🕰️ Support Hours24/5
🚀 Open an Account👉 Click Here

 

FXCM Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Multitude of educational materialsHigh Currency conversion fees
Multiple Account TypesNarrow asset portfolio
24-hour multilingual customerLimited Trading Platforms

 

Our Insights

The benefits of trading with FXCM include 24/7 Multilingual Customer Support and numerous educational resources.

 

Forex in Palau

 

Is Forex Trading Legal in Palau?

Forex Trading in Palau is Legal and governed by The Financial Institutions Commission.

 

Is Forex Trading Legal in Palau?

 

In Conclusion

Forex Trading in Palau is offered without restriction. Moreover, it falls under the Regulatory Authority of the Finacial Institutions Commission. In addition, several International Forex Brokers accept local traders.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While reviewing the Best Forex Brokers that accept Traders in Palau, 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:

 

 

Faq

Forex Trading in Palau is Legal.

The Financial Institutions Commission.

The United States Dollar.

Interactive Brokers off leverage of up to 1:30.

MetaTrader 4 and MetaTrader 5 are available.

Forex, Indices, Commodities, Stocks, ETFs, and, Crypto CFDs.

24/5 Customer Support is available.

The FXCM minimum deposit is 50 USD.

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