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6 Best Forex Brokers in Timor-Leste

Last Update: June 26th, 2024

Timor Leste

 

The 6 Best Forex Brokers in Timor-Leste – Rated and Reviewed! We have listed the Best Forex Brokers accepting traders in Timor-Leste.

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Timor-Leste – a List
  • Is Forex Trading legal in Timor-Leste?
  • The Best South East Asian Forex Brokers for Beginners
  • Leading MT4 and MT5 Forex Brokers

 

and much, MUCH more!

 

6 Best Forex Brokers in Timor-Leste

 

6 Best Forex Brokers in Timor-Leste – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💴 Min. Deposit
🥇 OANDA👉 Click Here✅YesNone
🥈 Interactive Brokers👉 Click Here✅YesNone
🥉 IC Markets👉 Click Here✅Yes200 USD
🏅 Pepperstone👉 Click Here✅YesAU$ 200
🎖️ IG👉 Click Here✅Yes50 USD
🏆 Vantage👉 Click Here✅Yes50 USD

 

6 Best Forex Brokers in Timor-Leste (2024)

 

  1. ☑️ OANDA – Overall, the Best Forex Broker in Timor-Leste
  2. ☑️ Interactive Brokers – The Best Proprietary Offering
  3. ☑️ IC Markets – The Best Forex Broker for Beginners
  4. ☑️ Pepperstone – Best Mobile Trading Experience
  5. ☑️ IG – Best Online Trading Experience
  6. ☑️ Vantage – Low USD Minimum Deposit

 

OANDA

 

OANDA

OANDA is a top-tier Forex and CFD service provider. Regulations by acclaimed and trusted agencies include IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, and, the BVI FSC. Accounts options available are:

 

  • Standard Account – Suited to Casual Traders
  • Core Account – Suited to Beginners and Casual Traders
  • Swap-Free Account – Ideal for Muslim Traders
  • Premium Account – Best Suited to Experienced Traders
  • Premium Core Account – Suited to Beginners and Casual Traders

 

Supported Trading Platforms include FxTrade, MetaTrader 4, and, MetaTrader 5. Additionally, a Proprietary Mobile App is available. Notable Factors and features include:

 

 

Trading instruments and Products include Forex, Indices, Commodities, Metals, Shares, Energies, and, Cryptocurrencies.

 

🔎 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 Overview

 

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

The benefits of trading with OANDA include Bespoke trading platforms and multilingual, multi-channel assistance.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is amongst the highest regulated and trusted Forex, CFD, and Financial Service Providers. License and Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Notable Factors and Features include:

 

  • Multiple Base Currencies, including USD and AUD
  • Spreads from 0.6 Pips
  • Leverage of up to 1:30
  • No Minimum Deposit is required
  • Multilingual Customer Support
  • Scalping and Hedging

 

Account Options and Trading Platforms include:

 

  • IBKR Lite Account
  • IBKR Pro Account

 

Moreover, a Demo Account is available. Supported Trading Platforms include IBKR Trader WorkStation, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact. Furthermore, an IBKR Desktop and Mobile App is offered.

Trading instruments and Products include Forex, Stocks, ETFs, Options, Futures, Indices, Mutual funds, Cryptocurrencies, Metals, and, Bonds

 

🔎 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 Overview

 

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 IBKR include access to comprehensive desktop, online, and mobile trading platforms.

 

IC Markets Review

 

IC Markets

IC Markets is a globally recognized Forex and CFD Broker licensed and regulated by ASIC, CySEC, FSA, and, the SCB. Accounts available include:

 

  • cTrader Account – Only available on the cTrader Platform
  • Raw Spread Account – Ideal for Scalpers, Day traders, and, Active traders
  • Standard Account – Ideal for Beginners and Casual traders

 

Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. Notable Factors and Features include:

 

  • 24/7 Multilingual Customer Support
  • Copy and Social Trading via Multiple Platforms
  • Multiple Base Currencies, including AUD, USD, and, JPY
  • Over 60 Currency Pairs
  • Spreads from 0.0 Pips
  • Scalping and Hedging are Offered
  • The Standard Account is Commission Free

 

Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.

 

🔎 Broker🥇 IC Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

 

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insights

The Benefits of Trading with IC Markets include a Demo Account with an extremely high virtual balance.

 

Pepperstone

 

Pepperstone

Pepperstone is a trustworthy and highly regulated Forex and CFD Broker. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Account Options include:

 

  • Standard Account – Suitable to all Traders of all Skill Levels
  • Razor Account – Best Suited to Scalpers, Day Traders, and, Automatic Traders

 

Moreover, Islamic and Demo Trading are supported. The minimum deposit is AU$ 200. Supported Trading Platforms include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. Notable Factors and Features include:

 

  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • 24/7 Customer Support
  • USD and GBP Base Currencies
  • Access to over 70 Currency Pairs
  • TradingView Integration

 

Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs.

 

🔎 Broker🥇 Pepperstone
💴 Minimum DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include access to responsive, user-friendly, and, dedicated Customer Support.

 

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 – 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

 

Moreover, a Demo Account is available. Trading Platforms supported include MetaTrader 4, ProRealTime (PRT), L2 Dealer, and, FIX API. In addition, an IG Proprietary Mobile Platform is available. Notable factors and features include:

 

  • Spreads from 0.1 Pips
  • 24/7 Dedicated Customer Support
  • Access to over 8- Currency Pairs
  • Access to an Affiliate Program

 

Instruments available for trade include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, interest rates.

 

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀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.

 

Vantage Review

 

Vantage

Vantage, previously known as Vantage FX and Vantage Markets, is a trusted Brokerage with a trust score of 89 out of 90. Regulations by acclaimed and trusted agencies include CIMA, VFSC, FSCA, and, ASIC. Account Options include:

 

  • Standard STP Account – Ideal for Beginners and Casual traders
  • Raw ECN Account – Ideal for Scalpers and Day traders
  • Pro ECN Account – Ideal for Professional Traders

 

In addition, a Demo Account is available. Trading Platforms include:

 

  • MetaTrader 4 and MetaTrader 5
  • ProTrader
  • Vantage Mobile App
  • Vantage Copy Trading
  • ZuluTrade
  • DupliTrade
  • MyFXBook Autotrader

 

Several Funding Options are available, including Credit Cards, Debit Cards, China UnionPay, Neteller, and, Skrill. Notable Factors and Features include:

 

  • Refer a Friend Bonus
  • Copy and Social Trading
  • Multiple Base Currencies, including USD and AUD
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500

 

Trading instruments and Products include Forex, indices, metals, soft commodities, energies, ETFs, share CFDs, bonds, and, crypto CFDs.

 

🔍 Broker🥇 Vantage Markets
💵 Minimum Deposit50 USD
4️⃣ Ease of use Rating4/5
🎁 Bonuses✅ Yes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

Vantage Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
Vantage Markets provides narrow spreads on its ECN accounts, which could lower trading expensesSome payment methods, notably international bank transfers, might incur withdrawal fees
Their technology is designed to provide fast transaction execution while minimizing slippage in turbulent marketsSome services and product offers may be restricted based on your location due to legislative limits
Traders can use webinars, market analysis, and other instructional resourcesShare CFD trading expenses on Vantage Markets could be higher than those of certain rivals

 

Our Insights

The benefits of trading with Vantage include narrow spreads on the ECN account options.

 

Forex Trading in Timor-Leste

 

Is Forex Trading Legal in Timor-Leste?

Forex Trading in Timor-Leste is Legal and available in Timor-Leste. Moreover,  four foreign-owned and one national bank serves as the monetary authority and regulator of the financial institutions in Timor-Leste.

 

Is Forex Trading Legal in Timor-Leste?

 

In Conclusion

The Popularity of Forex Trading in Timor-Leste has seen a notable rise. Moreover, it is highly regulated by foreign and national banks. In addition, multiple International Forex Brokers accept local Traders.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit 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 Timor-Leste, 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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FAQs

Forex Trading in Timor-Leste is Legal and available in Timor-Leste.

Four foreign-owned and one national bank serves as the monetary authority and regulator of the financial institutions in Timor-Leste.

The United States Dollar.

Forex, Indices, Commodities, Metals, Shares, Energies, and, Cryptocurrencies.

24/5 Customer support is available.

Regulations include ASIC, CySEC, FSA, and, the SCB.

Trading Platforms supported include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.

Over 80 Currency Pairs, including Major, Minor, and Exotic Pairs.

The Vantage Minimum Deposit is 50 USD.

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