10 Best Forex Brokers in Venezuela
The 10 Best Forex Brokers in Venezuela – Rated and Reviewed. We have listed the Best Forex Brokers that accept traders in Venezuela.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Venezuela – a List
- The Best Venezuelan Brokers for Beginners and Foreigners
- The Best MetaTrader 4 and MetaTrader 5 Forex Brokers
- Is Forex Trading Legal in Venezuela?
and much, MUCH more!
10 Best Forex Brokers in Venezuela – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Venezuelan Traders | 💴 Min. Deposit |
| 🥇 IC Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🥈 FP Markets | 👉 Click Here | ✅Yes | AU$100 |
| 🥉 Tickmill | 👉 Click Here | ✅Yes | 100 USD |
| 🏅 Axi | 👉 Click Here | ✅Yes | None |
| 🎖️ Admirals | 👉 Click Here | ✅Yes | 25 USD |
| 🥇 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🥈 FXCM | 👉 Click Here | ✅Yes | 50 USD |
| 🥉 XTB | 👉 Click Here | ✅Yes | None |
| 🏅 XM | 👉 Click Here | ✅Yes | 5 USD |
| 🎖️ AvaTrade | 👉 Click Here | ✅Yes | 100 USD |
10 Best Forex Brokers in Venezuela (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in Venezuela
- ☑️ FP Markets – Best MT4/MT5 Forex Brokers
- ☑️ Tickmill – Top Commodities Broker
- ☑️ Axi – Best Pricing and Trade Execution
- ☑️ Admirals – Excellent Education and Research
- ☑️ Interactive Brokers – Best Forex Broker for Professionals
- ☑️ FXCM – Algorithmic Trading Solutions
- ☑️ XTB – Popular Broker for Beginners
- ☑️ XM – Best Forex Broker for Foreigners
- ☑️ AvaTrade – 1000+ CFDs with competitive spreads
IC Markets
IC Markets is a trustworthy and highly regulated Forex Broker. It is best known for competitive trading fees and an extensive range of financial instruments. ASIC, CySEC, FSA, and, the SCB regulate it.
Accounts available are cTrader, Raw Spread, Standard, Demo, and, Islamic. The minimum deposit is 200 USD. The Accounts suit the following traders:
- cTrader – Suits Traders seeking advanced technical complexity and fast execution speed.
- Raw Spread – Appeals to traders prioritizing minimal spread charges.
- Standard – A more conventional option incorporating commission costs in the spread.
- Demo – Provides a virtual trading environment
- Islamic – Swap-Free Trading Account
Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. The following Trading Instruments and Products are available:
- 64 currency pairings for trading
- 22 commodities
- 25 indices
- 11 distinct bond instruments
- 18 cryptocurrency alternatives
- 1,600 stocks
Moreover, four futures contracts are provided.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
The benefits of trading with IC Markets include Multiple Deposit Options, Educational resources, and, trusted customer support.
FP Markets
FP Markets is a trustworthy, highly regulated Forex Broker. It provides a competitive price structure and access to 10,000+ trading products. ASIC, CySEC, FSCA, FSA, and the FSC regulate it.
Accounts offered are Standard, Raw, Islamic Standard, Islamic Raw, and Demo. The minimum deposit is AU$100. Trading Platforms available are MetaTrader 4, MetaTrader 5, IRESS, cTrader, and a proprietary trading app.
IRESS is a trading platform focused on Australian equities whereas cTrader suites traders who prioritize algorithmic trading solutions.
The following trading instruments and products are offered:
- 70 currency pairings
- More than 10,000 Direct Market Access (DMA)
- 3 precious metals
- 4 energy commodities
- 17 indices
- 11 cryptocurrencies
- 2 separate bonds
- Moreover, 5 agricultural commodities are accessible.
| 🔎 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
The benefits of trading with FP Markets include Tight Spreads, multiple trading platforms, and dedicated customer support.
Tickmill
Tickmill is a trustworthy and highly regulated online Forex and CFD Broker. It is best known for cost-effectiveness, tight spreads, and a low commission structure. The Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA regulate it.
Accounts offered are VIP, Classic, Pro, Islamic, and, Demo. Base Currencies include USD, EUR, GBP, and, PLN. The minimum deposit is 100 USD.
Trading platforms offered are MetaTrader 4, MetaTrader 5, and, a proprietary trading app. The following trading instruments and products are offered:
- 62 currency pairings
- 23 Indices
- 3 energy contracts
- 4 precious metals
- 4 bond instruments
- Moreover, a selection of eight cryptocurrencies is offered.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
The Benefits of trading with Tickmill include Crypro trading, Educational Webinar/Seminars, and, excellent customer support.
Axi
Axi is a trustworthy Forex Broker that provides a highly competitive starting spread. ASIC, SVG FSA, FCA, FMA, and, the DFSA regulate it. Accounts offered are Standard, Pro, Elite, Islamic, and, Demo. No minimum deposit is required.
Trading Platforms available are MetaTrader 4. The following trading instruments and products are on offer:
- 70 currency pairings
- 100+ CFDs
- 31 indices
- 16 commodities
- 4 separate oil markets
- 7 precious metals
- 35 cryptocurrencies
Moreover, multiple trusted deposit options and withdrawal methods are offered.
| 🔎 Broker | 🥇 Axi |
| 💴 Minimum Deposit | 0 USD |
| 💵 Inactivity Fee | ✅Yes |
| 💝 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | MetaTrader 4 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Axi is regulated by top-tier agencies | Only MetaTrader 4 is available |
| Axi provides standard, professional, and advanced accounts | Axi does not have a proprietary trading platform |
| Axi supports the use of MetaTrader 4 across devices | Crypto withdrawals are not available |
| Users can trade forex and CFDs on equities, indices, commodities, and Crypto | Axi restricts customers from the United States and other regions |
Our Insights
The benefits of trading with Axi include Educational Resources and trusted customer support.
Admirals
Admirals is a trusted and highly regulated Forex Broker with competitive trading fees. The FCA, ASIC, CySEC, JSC, FSCA, FSA, and, the CMA regulate it. Accounts offered are Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5, Islamic, and, Demo. The minimum deposit is 25 USD.
Trading platforms include MetaTrader 4, MetaTrader 5, and, a proprietary trading app. Moreover, Scalping and Hedging are allowed. The following trading instruments and products are available:
- 80+ currency pairings
- 42+ cryptocurrencies
- 29+ commodities
- 40+ indices are accessible for trading.
- Over 4,500 equities
- More than 400 ETFs
Additionally, Admirals offer trading on two bond CFDs.
| 🔎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 multiple trading accounts and zero-pip spreads on certain accounts and instruments.
Interactive Brokers
Interactive Brokers is one of the highest-regulated and Trusted Forex and CFD brokers in the world. Nine Tier-1 Regulators govern it. Accounts available include IBKR Pro, IBKR Lite, Demo, and, Islamic. No Minimum deposit is required.
Trading platforms offered are:
- IBKR Trader WorkStation
- IBKR Desktop
- IBKR Mobile
- IBKR GlobalTrader
- IBKR Client Portal
- IBKR APIs
- IBKR Impact
The IBKR Trader Workstation (TWS) provides a wide range of tools and capabilities, whereas IBKR Impact is a mobile app.
| 🔎 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 a wide range of well-designed trading platforms and outstanding customer support.
FXCM
FXCM is a well-regulated and trusted Forex and CFDs Broker. The FCA, ASIC, CySEC, and, the FSCA regulated it. The minimum deposit is 50 USD.
Trading Platforms available are Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, ZuluTrade, and, a proprietary trading app. Trading Station is a proprietary platform whereas TradingView Pro offers advanced charting capabilities and social networking features.
| 🔍 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 Trusted Deposit and Withdrawal options, Multiple Trading Platforms, and, impressive customer support.
XTB
XTB is a Reliable and Respected Forex and CFDs Broker. The FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC regulate it. Accounts offered are Standard, Swap-Free, and, Demo. No deposit is required, however – a Deposit Bonus is available.
Trading Platforms available are xStation and xSTation Mobile. Educational resources include access to a trading academy.
| 🔍 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 Bonus offers and trusted customer support.
XM
XM is a highly regulated Forex Broker that offers access to currency pairs and excellent customer support. The Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC) regulate it.
Accounts offered are Micro, Standard, Ultra-Low, Shares, Islamic, and Demo. The minimum deposit is 5 USD. Trading Platforms available are MetaTrader 4, MetaTrader 5, and a priority trading app.
The following trading instruments and products are available:
- 31 cryptocurrencies
- 1,337 stock CFDs
- 8 commodities
- 20 equity indices
- 5 precious metals
- 8 distinct energy commodities
Additionally, the platform provides direct access to 100 individual shares.
| 🔎 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
The benefits of trading with XM include additional safety measures, multiple account options, and, trusted customer support.
AvaTrade
AvaTrade is a trustworthy and highly regulated Forex Broker with competitive trading fees. The CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and, IIROC regulate it. Account types available are Standard, Islamic, Professional, and, Demo. The minimum deposit is 100 USD.
Trading Platforms include AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade.
| 🔎 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
The benefits of trading with AvaTrade include Educational Resources and Trusted Customer Support.
Is Forex Trading Legal in Venezuela?
Forex Trading is legal in Venezuela. Moreover, it is regulated by the Central Bank of Venezuela (BCV).
In Conclusion
Forex Trading is legal in Venezuela. Moreover, it is regulated by the Central Bank of Venezuela (BCV). Multiple International Brokers accept Venezuelan Traders. However, the Venezuelan bolívar is not an accepted base currency.
| 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 Venezuelan Traders, we found 10 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
They provide platforms such as ZuluTrade and DupliTrade.
Withdrawals take 24 hours to process
No minimum deposit is required.
It provides CFDs for Bitcoin and other major cryptocurrencies.
IBKR is located in the United States
Admirals do not currently allow fractional share purchases.
MetaTrader 4 and MetaTrader 5.
FP Markets is regulated by top-tier agencies such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
IC Markets’ minimum deposit varies based on the financing type used. bank transfers and credit/debit cards start at 200 USD.
It is regulated by the Central Bank of Venezuela (BCV).
Forex Trading is legal in Venezuela.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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