10 Best Forex Brokers in Sri Lanka

The 10 Best Forex Brokers in Sri Lanka – Rated and Reviewed. We have listed the top Forex Brokers accepting Sri Lankan Traders.

In this in-depth guide you will learn:

• The Best Forex Brokers in Sri Lanka – a List
• The Best MetaTrader 5 Forex Brokers for Beginners
• Is Forex Trading legal in Sri Lanka?
• The Best Trading Platform for Sri Lankan Traders
• Low LKR Minimum Deposit Brokers

and much, MUCH more!

10 Best Forex Brokers in Sri Lanka – a Comparison

10 Best Forex Brokers in Sri Lanka (2024)

1. ☑️ AvaTrade – Overall, the Best Forex Broker in Sri Lanka
2. ☑️ Exness – Low LKR Minimum Deposit Broker
3. ☑️ Blackbull Markets – Excellent trading platforms and tools
4. ☑️ Eightcap – Best Broker for Cryptocurrency Trading
5. ☑️ XM – Low-Cost Trading Accounts
6. ☑️ BDSwiss – Best Forex Broker for Advanced Traders
7. ☑️ FBS – High Leverage Trading + Low Minimum Deposit
8. ☑️ Pepperstone – Best MetaTrader 4 Forex Broker
9. ☑️ HF Markets – High User Trust Score
10. ☑️ FP Markets – Best MetaTrader 5 Forex Broker

AvaTrade

AvaTrade is a well-established Broker that caters to both Muslim and non-muslim traders in Sri Lanka. Accounts offered are Retail, Islamic, and, Professional.

The Retail and Professional Accounts offer all markets, whereas the Islamic Account offers Gold Silver, Oil, Indices, and Forex.

The minimum deposit for Retail and Islamic Accounts is 100 USD.

Pros and Cons

Our Insights

AvaTrade is an excellent Broker choice for Beginners. Traders will benefit from 7 trading platforms, mobile trading apps, and copy trading. Moreover, the AvaProtect risk management tool protects transactions against loss.

Exness

Exness is a highly regulated Forex Broker that offers access to Cent, Standard, Zero, and, Pro. Unlimited Leverage is offered across all accounts. Moreover, an Islamic Option is accessible on all Exness Account types.

The minimum deposit for Standard and Standard Cent accounts is 10 USD, whereas Raw Spread, Zero, and Pro, require a 500 USD deposit.

Pros and Cons

Our Insights

Exness suits all traders. Broker Benefits include multiple account options, powerful trading platforms, and, trusted customer support.

Blackbull Markets

Blackbull Markets is a well-established Forex Broker that provides fast execution times and dependable connections. Accounts include ECN Standard, ECN Prime, and, ECN Institutional. Moreover, an Islamic Option is available on all accounts.

No minimum deposit is required for the ECN Standard Account.

Pros and Cons

Our Insights

Blackbull Markets best suits Professional and Institutional traders. The ECN Prime account requires a 2000 USD initial deposit. Moreover, the ECN Institutional Account requires an extremely high initial deposit of 20’000 USD.

Eightcap

Eightcap is a globally recognized Forex and CFD Broker that provides cutting-edge platforms, and multiple trading accounts. However, Eightcap does not provide an Islamic Account.

Moreover, Tradingview integration is offered for advanced charting.

Pros and Cons

Our Insights

Eightcap suits a wide range of Traders. Broker benefits include extensive educational resources and no withdrawal or inactivity fees.

XM

XM is a highly regulated Forex Broker governed by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC).

Accounts include Micro, Standard, Ultra-Low, and Shares Accounts. Moreover, an Islamic, Swap-Free option is available on the Micro, Standard, and, Ultra Low Accounts.

Pros and Cons

Our Insights

Benefits of Trading with XM include Mobile Trading, access to webinars and tutorials, plus 24/7 Multilingual customer support.

BDSwiss

BDSwiss is a well-established Broker that provides a diverse range of financial products. Moreover, several regulatory entities govern BDSwiss. Furthermore, an Islamic Account is offered to Muslim Traders only. Confirmation of religious affiliation is required.

Pros and Cons

Our Insights

BDswiss suits a wide range of Traders. Benefits include tight spreads and Multiple account types. However, Customer Support is not available around the clock.

FBS

FBS is a trustworthy and highly regulated Forex Broker that offers competitive spreads, Negative Balance Protection, and, an extensive selection of tradable instruments. Moreover, the Retail Account offers an Islamic Option.

The minimum deposit is 5 USD.

Pros and Cons

Our Insights

FBS is best suited to Beginners. The Account Options and Trading Platform Selection is limited. However, it provides 24/7 multilingual customer support.

Pepperstone

Pepperstone is a trustworthy and highly regulated Forex Broker that provides access to multiple account types, including Islamic. Account types include Standard and Razor, the minimum deposit is 5 USD.

Moreover, Trading Platforms available are TradingView, MetaTrader 4, MetaTrader 5, cTrader, and,  Capitalise.ai.

Pros and Cons

Our Insights

The Benefits of Trading with Pepperstone include 24/7 Customer Support, an active trader program, and, negative balance protection. However, the minimum deposit is high.

HF Markets

HFM is a Popular Forex and CFDs Broker that provides access to multiple account types, and trusted trading platforms. Accounts include Cent, Premium, Zero, and, Pro. Moreover, an Islamic Option is available.

The minimum deposit is 5 USD.

Pros and Cons

Our Insights

HFM suits all levels of traders. Moreover, the Broker does not impose hidden, deposit, or, withdrawal fees.

FP Markets

FP Markets is a trustworthy, highly regulated Forex Broker with a competitive price structure. It provides access to 10,000+ trading products, including Forex, Shares, and, Metals. Accounts include Standard, Raw, Islamic Standard, and Islamic Raw.

The minimum deposit is AU$ 100.

Pros and Cons

Our Insights

FP Markets suits all Brokers. Benefits for Sri Lankan Traders include the availability of two Islamic, Swap-Free Accounts.

Is Forex Trading legal in Sri Lanka?

There are no laws restricting Forex Trading in Sri Lanka. Moreover, no laws legalize, govern, or regulate Forex in Sri Lanka. Forex Trading in Sri Lanka must be done via a well-regulated International Forex Broker.

Can Muslims Trade Forex in Sri Lanka?

Muslims form a large segment of the urban population of Sri Lanka. Muslims in Sri Lanka who wish to trade Forex can do so via an Islamic, Swap-Free account. As the name suggests, Islamic Accounts are free from swap fees.

In Conclusion

The popularity of Forex Trading in Sri Lanka has notably increased in popularity. However, no laws legalize, govern, or regulate Forex in Sri Lanka.

	Broker	Review	Regulators	Min Deposit	Website
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	USD 100	Visit Broker
🥈		Read Review	FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC	USD 100	Visit Broker
🥉		Read Review	CySEC, MISA, FSCA	USD 25	Visit Broker
4		Read Review	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	USD 200	Visit Broker
5		Read Review	ASIC, FCA, CySEC, SCB	USD 100	Visit Broker
6		Read Review	FCA, FSCA, FSC, CMA	USD 200	Visit Broker
7		Read Review	BVI FSC	USD 1	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 Sri Lankan Traders, we found 10 excellent options. Each broker has its list of Benefits, ranging from Swap-Free account types to Multilingual Customer Support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

You might also like:

• AvaTrade Review
• Exness Review
• Blackbull Markets Review
• Eightcap Review
• XM Review