6 Best Forex Brokers in Tonga

Last Update: June 26th, 2024

 

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

 

 

6 Best Forex Brokers in Tonga (2024)

 

1. ☑️ Interactive Brokers – Overall, the Best Forex Broker in Tonga
2. ☑️ XTB – The Best Forex Broker for Beginners
3. ☑️ Admirals – Low TOP T$ Minimum Deposit
4. ☑️ FXCM – Best Overall Trading Experience
5. ☑️ IG – Best Forex Broker For Established Traders
6. ☑️ 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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

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.

 

You might also like:

 

• Interactive Brokers Review
• XTB Review
• Admirals Review
• FXCM Review
• IG Review
• OANDA Review