6 Best Forex Brokers in Papua New Guinea

The 6 Best Forex Brokers in Papua New Guinea – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Papua New Guinea.

In this in-depth guide, you will learn:

• The Best Forex Brokers in Papua New Guinea – a List
• Is Forex Trading Legal in Papua New Guinea?
• The Best Forex Brokers for Beginners
• Leading Forex Brokers for Foreigners
• The Best MT4 and MT5 Forex Brokers

and much, MUCH more!

6 Best Forex Brokers in Papua New Guinea – a Comparison

6 Best Forex Brokers in Papua New Guinea (2024)

1. ☑️ Interactive Brokers – Overall, the Best Forex Broker in Papua New Guinea
2. ☑️ Admirals – The Best MetaTrader 4 Forex Broker
3. ☑️ XTB – Low PGK Minimum Deposit
4. ☑️ IG – Best Mobile Trading Experience
5. ☑️ OANDA – Best MetaTrader 5 Forex Broker
6. ☑️ CMC Markets – High User Trust Score

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. Accounts available include:

• IBKR Lite Account – Best Suited to Beginners and Casual Traders
• IBKR Pro Account – Best Suited to Professional Traders

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. 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

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

Pros and Cons

Our Insights

The Benefits of Trading with IBKR include access to comprehensive desktop, online, and mobile trading platforms.

Admirals

Admiral Markets, or Admirals, is a trusted and highly regulated Forex and CFD Broker. Regulations by acclaimed and trusted agencies include the FCA, ASIC, CySEC, JSC, FSCA, FSA, and, the CMA. Accounts available are:

• Trade.MT4 and Zero.MT4 – Suits all Traders, Available with MetaTrader 4
• Trade.MT5, Invest.MT5 and, Zero.MT5 – Suits all Traders, Available with MetaTrader 5
• Bets.MT5 – Only available to traders in the United Kingdom

Moreover, an Islamic Account and Demo Option is available. Supported Trading Platforms include MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile App is available. Notable Factors and Features include:

• Bonus Offers and Promotions
• Multiple Base Currencies, including HUF and PLN
• Spreads from 0.0 Pips
• Leverage of up to 1:1000
• Access to Over 80 Currency Pairs

Trading instruments and Products include ESG, Forex, Crypto CFDS, Indices, Stocks, ETFs, and, Bonds.

Pros and Cons

Our Insights

The benefits of trading with Admirals include a large range of financial instruments and comprehensive educational materials.

XTB

XTB is a renowned Forex and CFD Brokerage. License and Regulations include the FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, IFSC. Accounts available are:

• Standard Account – Suits All Traders
• Islamic Account – Suits Muslim Traders

Moreover, a Demo Account is available. Supported Trading Platforms include xStation 5 and xStation 5 Mobile. Notable Factors and Features include:

• Multiple Base Currencies, including USD, EUR, and, GBO
• Spreads from 0.5 Pips
• Leverage of up to 1:500
• Access to over 50 currency pairs
• 24/5 Customer Support

Trading instruments and Products include Forex, Indices, Commodities, Stocks, ETFs, and, Crypto CFDs.

Pros and Cons

Our Insights

Professional Investors trading with XTB will benefit from in-depth market research, news updates, and several technical indicators.

IG

IG is amongst the highest regulated and trusted Global Brokerage Firms. License and Regulations include FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, the 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

Supported Trading Platforms are MetaTrader 4, ProRealTime (PRT), L2 Dealer, and, FIX API. In addition, a Proprietary Mobile App is available for Download. Notable features include:

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

Trading instruments and Products include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, Interest rates.

Pros and Cons

Our Insights

The benefits of trading with IG include extensive training resources and impressive customer support.

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:

• USD, EUR, HKD, and, SGD Base Currencies
• Spreads from 0.1 Pips
• Leverage of up to 1:888
• Access to over 40 Currency Pairs

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

Pros and Cons

Our Insights

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

CMC Markets

CMC Markets is a well-regarded Forex and CFD Entity. Regulations by acclaimed and trusted agencies include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts available include:

• CFD Account – Available in all Jurisdictions
• Spread Betting Account – Available in the United Kingdom
• Corporate Account – For Institutional Traders Only

Additionally, a Demo Account is available. Supported Trading Platforms include MetaTrader 4 and Next Generation. Moreover, a Proprietary Mobile App is available for download. Notable factors and features include:

• Multiple Base Currencies, including NZD and SEK
• Spreads from 0.3 Pips
• Leverage of up to 1:30
• Access to over 330 Currency Pairs
• No Minimum Deposit is required

Trading instruments and Products include forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs.

Pros and Cons

Our Insights

The benefits of trading with CMC Markets include Multilingual Customer Support. Languages supported include English, French, German, Italian, Norwegian, Polish, and, Spanish.

Is Forex Trading Legal in Papua New Guinea?

Forex Trading in Papua New Guinea and receiving or paying foreign currency is legal. Moreover, it falls under the regulatory authority of the Bank of Papua New Guinea (BPNG).

In Conclusion

Forex Trading in Papua New Guinea is found to be popular and very well-governed. Moreover, several International Forex Brokers accept Local Traders.

Our Insights

While reviewing the Best Forex Brokers that accept Traders in Papua New Guinea, 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
  • Admirals Review
  • XTB Review
  • IG Review
  • OANDA Review