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Best Forex Brokers for Traders in Sri Lanka 2018

There are quite a few online forex brokers of repute playing their trade in Sri Lanka and helping local people make the most of the market conditions. Most of these brokers are willing to help you trade not just in forex but also other investment options like CFDs, ETFs, gold, silver, oil, currencies, commodities, futures, bonds, shares, and stocks.
Given below are some of the best forex brokers for Sri Lanka:

1. HotForex
100% SuperCharged BonusThis forex broker has been in the business for a while and offers its customers competitive trading conditions using best-in-class trading features and a standard trading platform – MetaTrader 4. Unlike most other brokers that focus mainly on trading tools or forex education centers, HotForex concentrates mainly on rollover policies and trading conditions. To diversify its offerings further, the company has recently added more platforms to its repertoire including those for iPhone, Android, PAMM, Blackberry, and iPad.
The best part of HotForex is its ease of use and excellent customer support. Another useful thing with this forex broker is that it caters to the need of both advanced and new traders alike.



2. XM
Formerly known as XEMarkets, XM is a Cyprus-based popular online forex broker that is regulated by FCA in the UK, FSP in New Zealand, ASIC in Australia, and CySEC in Cyprus. In addition to currency trading, traders having an account with this broker can look forward to trading with energies, precious metals, equity indices, and CFDs.


XM lets users choose between two trading accounts – Standard account and Micro account. While the former is ideal for professional and experienced traders that have in-depth knowledge of the markets, the latter is suitable for beginners who are interested making small profits with relatively low risk levels. In addition to these, there are Forex Islamic and Free Demo accounts available with the broker.


3. Markets.com
Markets.com was established in 2006 and is headquartered in Cyprus. Today, Markets.com has emerged as one of the most popular forex brokers in the world and this isn’t surprising given that the broker provides some of the most efficient and reliable trading features, besides offering generous trading leverages and competitive spreads.


Some of the interesting and most useful features offered by the broker include oscillators, indicators, and chart analysis. Based on these features it is possible for traders to accurately predict and access the nature of the market and make their decisions accordingly. Through Markets.com, traders, both novice and advanced, can look forward to taking advantage of a wide range of educational tools in the form of webinars, seminars, eBooks, videos, and much more.

4. Easy-markets
One of the best online trading services providers, easy-forex, was founded in 2003. It is headquartered in Cyprus and has customer support centers and FX trading rooms spread across 160 countries. It is licensed with ASIC in Australia, MiFID in Europe, and CySEC in Cyprus.

Setting up an account with easy-forex is fairly easy and traders definitely have a choice of three account types – Standard, Premium, and VIP to choose from. For novice traders, there’s a demo account that is available along with other account types on different devices – online, desktop, or mobile. Also, the broker provides other services related to metals, commodities, and currencies. A variety of educational tools and resources too are available too with the broker that can be used by traders, both experienced and novice.

5. Forex4you
If you’re looking for a forex trader that provides quality offerings and services in an unparalleled way then look no further than Forex4you. This London-headquartered broker has its offices spread across major cities in the world, including Moscow, Mumbai, and others. The best part of Forex4you is that traders with different forex budgets can use its trading platform – MetaTrader 4.
Forex4you has quite a few interesting features to offer to its customers – the ability to choose between no dealing desk executions and dealing desk, cent accounts, and many others. The broker also provides free eBooks that can be used by both experienced and novice traders to enhance their knowledge of the market. The customer support is available through e-mail, telephone, and online chat.

6. IronFX
IronFX is a Cyprus-headquartered online forex trader that offers traders with lots of trading opportunities, besides giving them access to different varieties of markets. Today, IronFX is regulated and authorized by a number of financial bodies including, CySEC,, FSP, and ASIC. Furthermore, it is powered by its 1,800 employees that work from over 55 offices, offering you customer support in over 46 languages!
What is really remarkable with IronFX is that they let customers trade with more 3000 instruments across a number of countries in spot metals, CFDs on UK and US commodities and stocks, and Forex. Also, with leverages up to 1:500 and 15 different trading platforms to choose from, IronFX is definitely the broker you can choose for your trading purposes.

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RISK:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

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Islamic accounts available : YES
Regulated by: FCA (UK), Cysec, CNMV, FCA, Bafin, FSP
Min. deposit: $5
Minimum position size : 0.0001 lot
Leverage: 1:888
Spread : Fixed
Platforms: Metatrader 4
Office by : cyprus
Founded in : 2009
Payment options :paypal, skrill, wire transfer, credit and debit cards


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