10 Best Forex Brokers in Sri Lanka
The 10 Best Forex Brokers in Sri Lanka – Rated and Reviewed. We have listed the top Forex Brokers accepting Sri Lankan Traders.
In this in-depth guide you will learn:
- The Best Forex Brokers in Sri Lanka – a List
- The Best MetaTrader 5 Forex Brokers for Beginners
- Is Forex Trading legal in Sri Lanka?
- The Best Trading Platform for Sri Lankan Traders
- Low LKR Minimum Deposit Brokers
and much, MUCH more!
10 Best Forex Brokers in Sri Lanka – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Sri Lankan Traders | 💴 Min. Deposit (LKR) |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 29836,99 |
| 🥈 Exness | 👉 Click Here | ✅Yes | 2983,70 |
| 🥉 Blackbull Markets | 👉 Click Here | ✅Yes | None |
| 🏅 Eightcap | 👉 Click Here | ✅Yes | 29836,99 |
| 🎖️ XM | 👉 Click Here | ✅Yes | 1491,85 |
| 🥇 BDSwiss | 👉 Click Here | ✅Yes | 2983,70 |
| 🥈 FBS | 👉 Click Here | ✅Yes | 1491,85 |
| 🥉 Pepperstone | 👉 Click Here | ✅Yes | 38768,10 |
| 🏅 HF Markets | 👉 Click Here | ✅Yes | 1491,85 |
| 🎖️ FP Markets | 👉 Click Here | ✅Yes | 19384,05 |
10 Best Forex Brokers in Sri Lanka (2024)
- ☑️ AvaTrade – Overall, the Best Forex Broker in Sri Lanka
- ☑️ Exness – Low LKR Minimum Deposit Broker
- ☑️ Blackbull Markets – Excellent trading platforms and tools
- ☑️ Eightcap – Best Broker for Cryptocurrency Trading
- ☑️ XM – Low-Cost Trading Accounts
- ☑️ BDSwiss – Best Forex Broker for Advanced Traders
- ☑️ FBS – High Leverage Trading + Low Minimum Deposit
- ☑️ Pepperstone – Best MetaTrader 4 Forex Broker
- ☑️ HF Markets – High User Trust Score
- ☑️ FP Markets – Best MetaTrader 5 Forex Broker
AvaTrade
AvaTrade is a well-established Broker that caters to both Muslim and non-muslim traders in Sri Lanka. Accounts offered are Retail, Islamic, and, Professional.
The Retail and Professional Accounts offer all markets, whereas the Islamic Account offers Gold Silver, Oil, Indices, and Forex.
The minimum deposit for Retail and Islamic Accounts is 100 USD.
| 🔎 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 Broker choice for Beginners. Traders will benefit from 7 trading platforms, mobile trading apps, and copy trading. Moreover, the AvaProtect risk management tool protects transactions against loss.
Exness
Exness is a highly regulated Forex Broker that offers access to Cent, Standard, Zero, and, Pro. Unlimited Leverage is offered across all accounts. Moreover, an Islamic Option is accessible on all Exness Account types.
The minimum deposit for Standard and Standard Cent accounts is 10 USD, whereas Raw Spread, Zero, and Pro, require a 500 USD deposit.
| 🔎 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 suits all traders. Broker Benefits include multiple account options, powerful trading platforms, and, trusted customer support.
Blackbull Markets
Blackbull Markets is a well-established Forex Broker that provides fast execution times and dependable connections. Accounts include ECN Standard, ECN Prime, and, ECN Institutional. Moreover, an Islamic Option is available on all accounts.
No minimum deposit is required for the ECN Standard Account.
| 🔎 Broker | 🥇 BlackBull Markets |
| 📌 Year Founded | 2014 |
| 👤 Amount of Staff | 100+ |
| 👥 Amount of Active Traders | 50,000+ |
| 📍 Publicly Traded | None |
| 🚩 Regulation and Security | Very High |
| 🛡️ Regulation | FMA |
| 🌎 Country of Regulation | New Zealand |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🅰️ Investor Protection Schemes | ✅Yes |
| 🅱️ Account Types and Features | ECN Standard ECN Prime ECN Institutional |
| ©️ Cent Accounts | None |
| ⏹️ Micro Accounts | None |
| ⏺️ Institutional Accounts | ✅Yes |
| 📊 Managed Accounts | ✅Yes |
| 💴 Minor Account Currencies | ✅Yes |
| 💶 Minimum Deposit | None |
| ⏰ Avg. Deposit Processing Time | 1-3 business days |
| ⏲️ Avg. Withdrawal Processing Time | 1-3 business days |
| 💵 Fund Withdrawal Fee | None |
| 💷 Spreads From | 0.0 pips |
| 💳 Commissions | Varies by account type |
| 💸 Number of Base Currencies | 10+ |
| 🏧 Swap Fees | Varies based on position |
| 🏦 Leverage | Up to 1:500 |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌛ Order Execution Time | < 1 second |
| ⚙️ VPS Hosting | Available (for a fee) |
| 📈 CFDs Total | 1,000+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🥕 CFD Commodities | ✅Yes |
| 💹 CFD Shares | ✅Yes |
| 🔖 Deposit Options | Credit/Debit Cards, Bank Transfer, e-wallets |
| 🏷️ Withdrawal Options | Bank Transfer, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 MetaTrader 5 TradingView cTrader BlackBull CopyTrader BlackBull Invest |
| 💻 OS Compatibility | Windows macOS iOS Android |
| 🖱️ Forex Trading Tools | Trading signals market analysis tools |
| ❤️ Customer Support | Very Responsive |
| 🥰 Live Chat | ✅Yes |
| 💌 Support Email | [email protected] |
| ☎️ Support Contact | +64 9 558 5142 |
| 🐦 Social Media | Facebook |
| 🗯️ Languages | English Spanish Chinese |
| ✏️ Educational Resources | Multiple |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles guides videos |
| 🫰🏻 Partnerships and Programs | Multiple |
| 🫶 Affiliate Program | ✅Yes |
| 🤝 Amount of Partners | 500+ |
| 🗃️ IB Program | ✅Yes |
| 🏆 Sponsor Notable Events/Teams | ✅Yes |
| 💛 Rebate Program | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🔋 Suited to Active Traders | ✅Yes |
| 💡 Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fast execution times and Dependable Connections | The website can be difficult to navigate at first |
| Excellent Customer Support | Withdrawal Fees Apply |
| Provides Webinars, tutorials, and other resources | Prime Account has a ectremely high initial deposi |
Our Insights
Blackbull Markets best suits Professional and Institutional traders. The ECN Prime account requires a 2000 USD initial deposit. Moreover, the ECN Institutional Account requires an extremely high initial deposit of 20’000 USD.
Eightcap
Eightcap is a globally recognized Forex and CFD Broker that provides cutting-edge platforms, and multiple trading accounts. However, Eightcap does not provide an Islamic Account.
Moreover, Tradingview integration is offered for advanced charting.
| 🔎 Broker | 🥇 Eightcap |
| 📉 Regulation and Licenses | CySEC, SCB, ASIC, FCA |
| 5️⃣ Ease of Use | 4/5 |
| ⏰ Support Hours | 24/5 |
| 📍 Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView |
| 📌 Account Types | Standard, Raw, TradingView |
| 💴 Base Currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD |
| 📊 Spreads | From 0.0 pips |
| 📈 Leverage | 1:500 |
| 💸 Currency Pairs | 45; major, minor, and exotic pairs |
| 💳 Minimum Deposit | 100 USD |
| 🚫 Inactivity Fee | None |
| 🚀Open an Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | Slim product selection |
| Quick account opening | Limited research and education |
Our Insights
Eightcap suits a wide range of Traders. Broker benefits include extensive educational resources and no withdrawal or inactivity fees.
XM
XM is a highly regulated Forex Broker governed by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC).
Accounts include Micro, Standard, Ultra-Low, and Shares Accounts. Moreover, an Islamic, Swap-Free option is available on the Micro, Standard, and, Ultra Low Accounts.
| 🔎 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
Benefits of Trading with XM include Mobile Trading, access to webinars and tutorials, plus 24/7 Multilingual customer support.
BDSwiss
BDSwiss is a well-established Broker that provides a diverse range of financial products. Moreover, several regulatory entities govern BDSwiss. Furthermore, an Islamic Account is offered to Muslim Traders only. Confirmation of religious affiliation is required.
| 🔎 Broker | 🥇 BDSwiss |
| 📈 Regulation | CySEC, FSC, FSA, BaFin, Mwali International Services Authority |
| 📉 Trading Platforms | MetaTrader 4, MetaTrader 5, BDSwiss Web, BDSwiss Mobile |
| 💴 Minimum Deposit | 10 USD |
| ⏰ Support Hours | 24/5 |
| ⚙️ Account Types | Cent, Classic, VIP, Zero Spread, Islamic, Demo |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
| 📊 Leverage | 1:2000 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| BDSwiss offers an impressive number of markets that can be traded | There is an inactivity fee applied to dormant accounts |
| There are account levels for all types of traders | The spreads on popular accounts are wide, starting from 1.5 pips |
| BDSwiss is a highly reputable, award-winning broker regulated globally | Commission fees apply to all account types |
Our Insights
BDswiss suits a wide range of Traders. Benefits include tight spreads and Multiple account types. However, Customer Support is not available around the clock.
FBS
FBS is a trustworthy and highly regulated Forex Broker that offers competitive spreads, Negative Balance Protection, and, an extensive selection of tradable instruments. Moreover, the Retail Account offers an Islamic Option.
The minimum deposit is 5 USD.
| 🔎 Broker | 🥇 FBS |
| 💴 Minimum Deposit | 5 USD |
| 💵 Inactivity Fee | None |
| 🤝 Affiliate Program | ✅Yes |
| 4️⃣ Ease of Use Rating | 4/5 |
| 📐 Trading Instruments | Forex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Minimum deposit - $5 | High leverage may be daunting |
| Leverage of up to 1:3000 | High leverage carries an increased risk of loss |
| Commission-free trading | Lack of fixed spread options |
Our Insights
FBS is best suited to Beginners. The Account Options and Trading Platform Selection is limited. However, it provides 24/7 multilingual customer support.
Pepperstone
Pepperstone is a trustworthy and highly regulated Forex Broker that provides access to multiple account types, including Islamic. Account types include Standard and Razor, the minimum deposit is 5 USD.
Moreover, Trading Platforms available are TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.
| 🔎 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 24/7 Customer Support, an active trader program, and, negative balance protection. However, the minimum deposit is high.
HF Markets
HFM is a Popular Forex and CFDs Broker that provides access to multiple account types, and trusted trading platforms. Accounts include Cent, Premium, Zero, and, Pro. Moreover, an Islamic Option is available.
The minimum deposit is 5 USD.
| 🔎 Broker | 🥇 HFM |
| 💴 Minimum Deposit | $0 |
| 📌 Regulation and Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Top-tier Regulation | Regional constraints |
| Segregated Accounts for Client Funds | Inactivity fees |
Our Insights
HFM suits all levels of traders. Moreover, the Broker does not impose hidden, deposit, or, withdrawal fees.
FP Markets
FP Markets is a trustworthy, highly regulated Forex Broker with a competitive price structure. It provides access to 10,000+ trading products, including Forex, Shares, and, Metals. Accounts include Standard, Raw, Islamic Standard, and Islamic Raw.
The minimum deposit is AU$ 100.
| 🔎 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 suits all Brokers. Benefits for Sri Lankan Traders include the availability of two Islamic, Swap-Free Accounts.
Is Forex Trading legal in Sri Lanka?
There are no laws restricting Forex Trading in Sri Lanka. Moreover, no laws legalize, govern, or regulate Forex in Sri Lanka. Forex Trading in Sri Lanka must be done via a well-regulated International Forex Broker.
Can Muslims Trade Forex in Sri Lanka?
Muslims form a large segment of the urban population of Sri Lanka. Muslims in Sri Lanka who wish to trade Forex can do so via an Islamic, Swap-Free account. As the name suggests, Islamic Accounts are free from swap fees.
In Conclusion
The popularity of Forex Trading in Sri Lanka has notably increased in popularity. However, no laws legalize, govern, or regulate Forex in Sri Lanka.
| 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 Sri Lankan Traders, we found 10 excellent options. Each broker has its list of Benefits, ranging from Swap-Free 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 halal or Permissable.
An Islamic or Swap-free trading account is a forex trading account that allows Forex Trading following the Islamic Sharia Law
MetaTrader 4, IRESS, and MetaTrader 5.
HFM provides instructional tools, demo accounts, and user-friendly platforms.
Pepperstone offers MetaTrader 4 and 5, cTrader, Capatalise.ai, and TradingView.
FBS provides 24/7 multilingual customer support.
BDSwiss provides over 250 financial assets, including forex pairings, commodities, indices, and, stocks.
BlackBull Markets has no minimum deposit for their Standard Account.
Exness does not provide any current bonuses but periodically provides promotional incentives.
55 currency pairs, including minor, major, and exotic pairs.
Bank wires, credit cards, and e-wallets.
AvaTrade is recognized in multiple countries, including Sri Lanka, Ireland, and, Australia.
AvaTrade is the best Forex Broker for Beginners.
There are no laws that legalize, govern, or regulate Forex in Sri Lanka.
There are no laws restricting Forex Trading in Sri Lanka.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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