6 Best Forex Brokers in Tonga
The 6 Best Forex Brokers in Tonga – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Tonga.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Tonga – a List
- Is Forex Trading Legal in Tonga?
- The Best Forex for Beginners and Foreigners
- Leading MetaTrader Forex Brokers in Tonga
and much, MUCH more!
6 Best Forex Brokers in Tonga – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit (TOP) |
| 🥇 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🥈 XTB | 👉 Click Here | ✅Yes | None |
| 🥉 Admirals | 👉 Click Here | ✅Yes | T$ 58,91 |
| 🏅 FXCM | 👉 Click Here | ✅Yes | T$ 117,82 |
| 🎖️ IG | 👉 Click Here | ✅Yes | T$ 117,82 |
| 🥇 OANDA | 👉 Click Here | ✅Yes | None |
6 Best Forex Brokers in Tonga (2024)
- ☑️ Interactive Brokers – Overall, the Best Forex Broker in Tonga
- ☑️ XTB – The Best Forex Broker for Beginners
- ☑️ Admirals – Low TOP T$ Minimum Deposit
- ☑️ FXCM – Best Overall Trading Experience
- ☑️ IG – Best Forex Broker For Established Traders
- ☑️ OANDA – High User Trust Score
Interactive Brokers
Interactive Brokers is a trusted Forex and CFD services provider regulated by FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Live Trading Accounts include IBKR Lite and IBKR Pro. Moreover, No minimum deposit is required. In addition, a Demo Account is available. Notable factors and features include:
- Several Base Currencies, including USD, AUD, and, CAD
- Spreads from 0.6 Pips
- Leverage of up to 1:30
- Access to over 100 Currency Pairs
- Multilingual Customer Support
- No Inactivity Fee is Charged
Trading Instruments and Products include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. Interactive Brokers support IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
The benefits of trading with Interactive Brokers include access to several impressive proprietary trading platforms.
XTB
XTB is a well-established and Trusted Forex and CFD Broker. Regulations by acclaimed and trusted agencies include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts available include Standard, and, Islamic, Swap-Free Accounts. Moreover, a Demo Account is available. Notable factors and features include:
- 24/5 Customer Support
- USD, EUR, and, GBP Base Currencies
- Leverage of up to 1:500
- No minimum deposit is Required
- Access to an Affiliate Program
Trading instruments and Products include forex, indices, commodities, stocks, ETFs, and, crypto CFDs. XTB supports xStation 5 and xStation Mobile.
| 🔍 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time Seconds | Milliseconds - |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include commission-free trading on genuine stocks and ETFs.
Admirals
Admiral Markets or Admirals, is a powerful and prominent Forex Service provider. License and Regulations include FCA, ASIC, CySEC, JSC, FSCA, FSA, and, CMA. Live Trading accounts available include:
- Trade.MT4 and Trade.MT5
- Zero.MT4 and Zero.MT5
- Invest.MT5
- Bets.MT5
Moreover, a Demo Account and an Islamic, Swap-Free Option are available. The minimum deposit is 25 USD. In addition, notable Factors and Features include:
- Occasional Bonus Offers and Promotions
- 10 Base Currencies, including EUR, USD, and, CHF
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Access to over 80 Currency Pairs
- A low 25 USD Minimum deposit
Trading instruments and Products include ESG, Forex, Crypto CFDS, Indices, Stocks, ETFs, and, Bonds. Admirals support MT4 and MT5. In addition, a Proprietary Mobile App is available.
| 🔎Broker | 🥇Admirals |
| 💴Minimum Deposit | 25 USD |
| 🎉Established Year | 2001 |
| ⏰Support Hours | 24/5 |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, Admirals App |
| 📈Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | No 24/7 customer service |
Our Insights
The benefits of trading with Admirals include live sessions with industry professionals, and, trusted multilingual customer support.
FXCM
FXCM is a respected Forex and CFD broker. Regulations by acclaimed and trusted agencies include the FCA, ASIC, CySEC, and, the FSCA. Life Trading accounts include CFD Trading and Islamic, Swap-Free Options. Moreover, a Demo Account is available. Notable Factors and Features include:
- An Active Trader Rebate Program
- Spreads from 0.2 Pips
- Leverage of up to 1:400
- A low 50 USD Minimum Deposit
- Multilingual Customer Support
Trading instruments and Products include Forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and, Stock Baskets. FXCM supports Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and, ZuluTrade. In addition, an FXCM Mobile App is available.
| 🔍 Broker | 🥇 FXCM |
| 💵 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 |
| Multitude of educational materials | High Currency conversion fees |
| Multiple Account Types | Narrow asset portfolio |
| 24-hour multilingual customer | Limited Trading Platforms |
Our Insights
The benefits of trading with FXCM include access to Impressive Educational Resources, including Trading Guides and Trading Tools.
IG
IG is a reputable forex and CFD trading platform. Regulations by acclaimed and trusted agencies include FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, BMA. Live Accounts include:
- CFD/DMA Trading Account
- Limited Risk Trading Account
- an Options Trading Account
- Turbo24 Trading Account
- Share Dealing Account
- Spread Betting Account
- Swap-Free Trading Account
Moreover, a Demo Account is available. Notable Factors and Features include:
- 24/7 Customer Support
- Spreads from 0.1 Pips
- Leverage of up to 1:222 on the Pro Account
- An Inactivity Fee is Charged
- Access to Over 8 Currency Pairs
Trading instruments and Products include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, Interest rates. IG supports MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, and, FIX API.
| 🔎 Broker | 🥇 IG |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀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 an extensive range of tradable assets, including forex, indices, equities, commodities, and, cryptocurrencies.
OANDA
OANDA is a Forex and CFD broker that offers a complex trading experience. License and Regulations include IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, and, the BVI FSC. Account available are Standard, Core, Swap-Free, Premium, and, Premium Core. Notable Factors and Features:
- Multiple Base Currencies include USD, EUR, HKD, and, SGD
- 24/5 Customer Support
- Spreads from 0.1 Pips
- Leverage of up to 1:888
- Access to over 48 Currency Pairs
Trading instruments and Products include Forex, indices, commodities, metals, shares, energies, and, cryptocurrencies. OANDA supports FxTrade, MetaTrader 4, and, MetaTrader 5. In addition, a Proprietary Mobile App is available.
| 🔎 Broker | 🥇 OANDA |
| 💶 Minimum Deposit | None |
| 📌 Account Types | Standard, Elite Trader |
| 🆓 Demo Account | ✅Yes |
| 🎁 Bonus Offers | ✅Yes |
| ✏️ Education | ✅Yes |
| 📲 Mobile Trading | ✅Yes |
| 🖱️ Trading Platform | MetaTrader 4 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platforms | Only FX and CFD available for most clients |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
Our Insights
The Benefits of trading with OANDA include access to multiple impressive Trading Platforms.
Is Forex Trading Legal in Tonga?
Forex Trading in Tonga is Legal and available without restriction. Moreover, it is licensed and regulated by the National Reserve Bank of Tonga (NRBT).
In Conclusion
The popularity of Forex Trading in Tonga has seen a notable rise. Moreover, it is Legal and regulated by the National Reserve Bank of Tonga (NRBT). In addition, several international Forex Brokers accept Tongan Traders.
| 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 Tongan 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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Faq
Forex Trading in Tonga is Legal and available without restriction.
The National Reserve Bank of Tonga (NRBT).
The Tongan Paʻanga.
Over 100 Currency Pairs, including, Major, Minor, and Exotic Pairs.
No Minimum Deposit is required.
A Proprietary Admirals Mobile App is available.
FXCM offers 24/5 Trusted Customer Support.
A 12 USD Inactivity Fee is charged after 2 Years of Account inactivity.
OANDA client funds are kept in segregated accounts.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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