Best Forex Brokers in Andorra in 2021

Best Forex Brokers in Andorra in 2021

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Best Forex Brokers for Andorra

Andorra is a small European country that has many emerging forex traders who are looking for the best forex brokers. The best forex brokers who offer their services to Andorran traders are:

  1. Bithumb
  2. FBS
  3. Alvexo
  4. FXPrimus
  5. Markets.com
  6. Forex Time (FXTM)
  7. OctaFX

 

1.Bithumb

Bithumb is a forex trading broker and trading platform established in 2014 in South Korea. The CEO for Bithumb is Jeon Soo-yong, who has been in the position for several years. Bithumb is not regulated by any known entity and in terms of forex traders, Bithumb has more than 4.63 million registered forex traders according to the official Bithumb website.

According to reliable sources, between 100 and 250 employees are working for Bithumb. Bithumb does not have a set minimum deposit requirement. In terms of forex trading fees and commissions, forex traders can expect trading fees from 0.25%.

Regarding trading speeds, Bithumb executes trades in a few milliseconds according to trusted sources. Where security is concerned, Bithumb is not regulated but states that client funds are secured. Bithumb implements a 5-5-7 model, recommending that 5% of personnel are IT, specialists, 5% are data security-exclusive personnel, and 7% of the total budget is used for data protection.

In terms of financial markets, Bithumb offers a range of tradable cryptocurrencies including:

  • Bitcoin
  • Ethereum
  • Ripple
  • EOS
  • Bitcoin Cash, and several others.

 

About trading software, Bithumb offers the use of its mobile application which can be downloaded on Android and iOS devices. With research and training, Bithumb offers a newsletter but there is no blog for forex traders. Forex traders are offered with the following:

  1. HEYBIT
  2. Korbot
  3. BitUniverse
  4. Copybot
  5. Video Tutorials
  6. Insights and newsletters
  7. Trading guides

 

In terms of customer support, Bithumb can be contacted through these communication channels:

  • Email
  • Twitter

 

In terms of the service area, Bithumb serves traders from around the world except those from:

  • Iran
  • Ethiopia
  • Iraq
  • Serbia
  • Sri Lanka
  • Trinidad and Tobago
  • Tunisia
  • Vanuatu
  • Yemen
  • Syria

 

In terms of currency types, Bithumb accepts the following currencies:

  • BTC
  • ETH
  • XRP
  • LTC
  • KRW
  • USD
  • EUR
  • HKD, and others.

 

When compared to other forex brokers, Bithumb offers an advanced and comprehensive cryptocurrency exchange trading platform.

In terms of unique sides and/or features, Bithumb stands out by offering its unique solutions and the option to trade in a variety of digital assets.

Bithumb is a very active forex broker in Andorra with thousands of users and traders. Bithumb has a decent market share of 10% and lower as a result of the slow adoption of cryptocurrencies. There are no privileges offered to Andorran citizens other than a range of trading opportunities in cryptocurrency markets.

Bithumb is a popular choice for Andorran citizens as it is a trusted gateway to the cryptocurrency market.

To get more information, you can read the Bithumb review.

 

2.FBS

FBS is a forex trading broker and trading platform established in Belize in 2009. The CEO for FBS is Ferdous Amin, who has been in the position for several years. FBS is regulated by the International Financial Services Commission (IFSC).

In terms of forex traders, FBS has more than a million registered forex traders according to the official FBS website. According to reliable sources, between 100 and 250 employees are working for FBS.

FBS charges a minimum deposit of $1. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.0 pips and commissions from $20.

Regarding trading speeds, FBS executes trades in less than a few milliseconds according to trusted sources. Where security is concerned, FBS is known for using some of the best, most innovative security protocols and software to ensure client funds and information safety.

In terms of financial markets, FBS offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Metals
  • Indices
  • Energies
  • CFDs
  • Stocks

 

About trading software, FBS offers the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. FBS Trader

 

With research and training, FBS has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Seminars
  2. Glossary
  3. Economic Calendar
  4. Currency Converter
  5. Daily Market Analysis
  6. Forex Guidebook
  7. Forex Books
  8. Tips for Forex Traders
  9. Webinars
  10. Video Lessons

 

In terms of customer support, FBS can be contacted through these communication channels:

  • WeChat
  • Facebook
  • Viber
  • Line
  • Telegram
  • WhatsApp
  • Telephone
  • Email
  • Fax
  • Call back form

 

In terms of the service area, FBS serves traders from around the world except those from:

  • United States
  • Japan
  • Canada
  • United Kingdom
  • Myanmar
  • Brazil
  • Malaysia
  • Israel
  • Islamic Republic of Iran

 

In terms of currency types, FBS accepts the following currencies:

  • EUR
  • USD

 

When compared to other forex brokers, FBS offers some of the best trading conditions in the industry, along with unique and tailor-made trading solutions to both beginners and professionals.

In terms of unique sides and/or features, FBS stands out by offering:

  • No Requotes
  • 5-digit precision on all accounts
  • Leverage up to 1:3000

 

FBS is a very active forex broker in Andorra with thousands of registered traders that use its services and solutions. FBS has a very large market share in Andorra as a result of its FBS Trader which is available for mobile devices. There are no privileges offered to Andorran citizens other than a range of markets, transparent fees, and commissions, and many trading opportunities.

FBS is a popular choice for Andorran citizens because of its tailor-made solutions for both beginners and professionals, mobile trading, and range of markets.

To get more information, you can read the FBS review.

 

3.Alvexo

Alvexo is a forex trading broker and trading platform established in 2014 in Cyprus. The CEO for Alvexo is not known or given by official sources. Alvexo is regulated by the Financial Services Authority (FSA) of Seychelles.

Alvexo’s market capitalization is not known but the forex broker has more than $70 billion in trading volume monthly.

In terms of forex traders, Alvexo has more than 170,000 registered forex traders according to the official Alvexo website. According to reliable sources, between 250 and 500 employees are working for Alvexo.

Alvexo charges a minimum deposit of €500. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.1 pips and commissions between $0 to $18.

Regarding trading speeds, Alvexo executes trades in just a few milliseconds according to trusted sources. Where security is concerned, Alvexo is known for ensuring client fund security and using encryption software to guarantee safety on the trading platform and website.

In terms of financial markets, Alvexo offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Commodities
  • Indices
  • Cryptocurrencies
  • Bonds
  • Stocks

 

About trading software, Alvexo offers the following:

  1. MetaTrader 4
  2. Alvexo WebTrader
  3. Alvexo Mobile App

 

With research and training, Alvexo has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Training Academy
  2. Trading signals
  3. Financial Web TV
  4. eBooks
  5. Economic events

 

In terms of customer support, Alvexo can be contacted through these communication channels:

  • Live chat
  • Contact request form
  • Telephone
  • Email
  • Twitter
  • Facebook
  • Instagram
  • LinkedIn

 

In terms of the service area, Alvexo serves traders from around the world except those from the United States. In terms of currency types, Alvexo accepts the following currencies:

  • USD
  • EUR

 

When compared to other forex brokers, Alvexo offers more than 450 tradable instruments, the use of powerful trading platforms, and dedicated customer support.

Alvexo is a very active forex broker in Andorra with hundreds of forex traders who use its services and solutions. Alvexo has a reasonable market share that it shares with other forex brokers in the industry. There are no privileges offered to Andorran citizens other than a range of markets and tailor-made solutions.

Alvexo is a popular choice for Andorran citizens because of its transparent, cost-effective trading and non-trading fees, range of markets, and flexible trading platforms.

To get more information, you can read the Alvexo review.

 

4.FXPrimus

FXPrimus is a forex trading broker and trading platform established in 2009 in Cyprus. The CEO for FXPrimus is Terry Thompson, who has been in the position for several years. FXPrimus is regulated by CySEC, VFSC, and FSCA.

In terms of forex traders, FXPrimus has an undisclosed number of registered forex traders. According to reliable sources, 409 employees are working for FXPrimus.

FXPrimus charges a minimum deposit of $500. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.0 pips and commissions from $10.

Regarding trading speeds, FXPrimus executes trades at reliable, fast speeds according to trusted sources. Where security is concerned, FXPrimus’ systems are encrypted with 128-bit keys that safeguard information and FXPrimus keeps client funds in segregated accounts with top-tier banks.

In terms of financial markets, FXPrimus offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Equities
  • Energies
  • Precious metals
  • Indices
  • Futures
  • Cryptocurrencies

 

About trading software, FXPrimus offers the following:

  1. MetaTrader 4
  2. Platinum API
  3. VPS

 

With research and training, FXPrimus has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Weekly outlook
  2. Seminars
  3. Educational videos
  4. Trading Tool Suite

 

In terms of customer support, FXPrimus can be contacted through these communication channels:

  • Live chat
  • Telephone
  • Email
  • WhatsApp
  • Contact request form
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

 

In terms of the service area, FXPrimus serves traders from around the world except those from:

  • Australia
  • Belgium
  • Canada
  • France
  • Iran
  • Japan
  • North Korea
  • Singapore
  • United States

 

In terms of currency types, FXPrimus accepts the following currencies:

  • EUR
  • USD
  • GBP
  • SGD
  • PLN

 

When compared to other forex brokers, FXPrimus offers the best trading conditions for both beginner and professional traders.

In terms of unique sides and/or features, FXPrimus stands out by offering:

  • Trusted trading software
  • A range of funding methods
  • Low trading and non-trading fees

 

FXPrimus is a very active forex broker in Andorra with hundreds of registered forex traders that use its services and solutions. FXPrimus has a large market share as a result of the many advantages that Andorran traders have in using its services. There are no privileges offered to Andorran citizens other than a range of markets and unique solutions.

FXPrimus is a popular choice for Andorran citizens because the forex broker offers beginners the tools that they need. FXPrimus also ensures that professional traders have an edge in their forex trading.

To get more information, you can read the FXPrimus review.

 

5.Markets.com

Markets.com is a forex trading broker and trading platform established in 2008 by Vicco von Bulow and Armando Gutierrez, based in Australia, South Africa, Cyprus, and the United Kingdom. The CEO for Markets.com is Vicco von Bulow, who has been in the position for the past three years. Markets.com is regulated by ASIC, FCA, CySEC, FSCA, and FSC.

In terms of forex traders, Markets.com has an undisclosed number of registered forex traders. According to reliable sources, between 10 and 50 employees are working for Markets.com.

Markets.com charges a minimum deposit of $100. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.6 pips EUR/USD and commissions of $10 per side for Stocks.

Regarding trading speeds, Markets.com executes trades in a few milliseconds according to trusted sources. Where security is concerned, Markets.com is well-regulated and uses a strict protocol to secure information on the website and trading platform.

In terms of financial markets, Markets.com offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Indices
  • Equities
  • Commodities
  • Bonds
  • ETFs
  • Cryptocurrencies

 

About trading software, Markets.com offers the following:

  1. MarketsX
  2. Marketsi
  3. MetaTrader 4
  4. MetaTrader 5

 

With research and training, Markets.com has a newsletter and blog for forex traders. In terms of customer support, Markets.com can be contacted through these communication channels:

  • Live chat
  • Email
  • Telephone
  • Facebook
  • Instagram
  • Twitter

 

In terms of the service area, Markets.com serves traders from around the world except those from:

  • Japan
  • United States
  • Hong Kong
  • Russia
  • New Zealand
  • Belgium
  • Israel
  • Canada

 

In terms of currency types, Markets.com accepts the following currencies:

  • USD
  • GBP
  • EUR

 

When compared to other forex brokers, Markets.com offers a large range of markets consisting of more than 8,000 tradable instruments.

In terms of unique sides and/or features, Markets.com stands out by offering:

  • Powerful trading platforms
  • Competitive trading conditions

 

Markets.com is a very active forex broker in Andorra with hundreds of traders that use its services and solutions. Markets.com has a good market share due to its popularity. There are no privileges offered to Markets.com citizens other than a range of markets and unique solutions.

Markets.com is a popular choice for Andorran citizens because of its powerful trading software, security, and award-winning customer care.

To get more information, you can read the Markets.com review.

 

6.Forex Time (FXTM)

FXTM is a forex trading broker and trading platform established in 2011 in Mauritius by Andrey Dashin and Olga Rybalkina. The CEO for FXTM is Olga Rybalkina, who has been in the position for a decade. FXTM is regulated by FCA, CySEC, FSCA, and FSC.

FXTM’s daily trading volume is $3.6 billion and in terms of forex traders, FXTM has more than 3 million registered forex traders according to the official FXTM website. According to reliable sources, 782 employees are working for FXTM.

FXTM charges a minimum deposit of $10. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.0 pips and commissions from $2.

Regarding trading speeds, FXTM executes trades in 0.068 seconds according to trusted sources. Where security is concerned, FXTM is known for its transparency and secure trading platform and trading environment.

In terms of financial markets, FXTM offers a range of tradable financial instruments from these asset classes:

  • Forex
  • CFDs on commodities
  • CFDs on indices
  • Spot Metals
  • Stock CFDs
  • Stocks

 

About trading software, FXTM offers the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. FXTM Trader

 

With research and training, FXTM has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Educational Videos
  2. Daily market analysis
  3. Podcasts
  4. Economic Calendar
  5. Forex News Timeline
  6. Market Analysis
  7. eBooks
  8. Trading Seminars and Webinars
  9. Forex glossary
  10. Beginner’s guide

 

In terms of customer support, FXTM can be contacted through these communication channels:

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Telegram
  • Telephone
  • Live Chat
  • Email

 

In terms of the service area, FXTM serves traders from around the world except those from:

  • United States
  • Puerto Rico
  • Canada
  • Quebec, and others

 

In terms of currency types, FXTM accepts the following currencies:

  • USD
  • EUR
  • GBP
  • IDR
  • MYR
  • NGN
  • ZAR, and more.

 

When compared to other forex brokers, FXTM offers a simplified approach to forex trading while offering some of the best trading conditions in the industry.

In terms of unique sides and/or features, FXTM stands out by offering:

  • Wide range of deposit and withdrawal options
  • Trust and reliability
  • Award-winning trading services

 

FXTM is a very active forex broker in Andorra with thousands of Andorran traders that use its services and solutions via different platforms. FXTM has a large market share in Andorra through its unique services. There are no privileges offered specifically to Andorran citizens, but forex traders can expect tailored solutions and transparent fee schedules.

FXTM is an increasingly popular choice for Andorran citizens because of its powerful trading software, security, and award-winning trading solutions.

To get more information, you can read the FXTM review.

 

7.OctaFX

OctaFX is a forex trading broker and trading platform established in Saint Vincent and the Grenadines in 2011 by an unknown group/individual. The CEO for OctaFX is Georgios D. Pantzis, who has been in the position for more than 3 years. OctaFX is regulated by CySEC and FSA SVG.

In terms of forex traders, OctaFX has more than 6.6 million registered forex traders from over 100 countries according to the official OctaFX website. According to reliable sources, between 250 and 500 employees are working for OctaFX.

OctaFX charges a minimum deposit of $100. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.0 pips EUR/USD with commission charges from $0.02.

Regarding trading speeds, OctaFX executes 97.5% of all trades within seconds with minimal slippage according to trusted sources. Where security is concerned, OctaFX uses only the best, most effective security measures along with keeping client funds in segregated accounts.

In terms of financial markets, OctaFX offers a range of tradable financial instruments from these asset classes:

  • Forex
  • Metals
  • Energies
  • Indices
  • Cryptocurrencies

 

About trading software, OctaFX offers the following:

  1. OctaFX trading application
  2. MetaTrader 4
  3. MetaTrader 5
  4. cTrader

 

With research and training, OctaFX has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Forex basics
  2. Video Tutorials
  3. Webinars
  4. Trading Calculator
  5. Live Quotes
  6. AutoChartist
  7. Market Information
  8. Economic Calendar
  9. Market Insights

 

In terms of customer support, OctaFX can be contacted through these communication channels:

  • Twitter
  • Instagram
  • Telegram
  • LinkedIn
  • Email
  • Telephone
  • Live chat
  • Facebook

 

In terms of the service area, OctaFX serves traders from around the world except those from the United States. In terms of currency types, OctaFX accepts the following currencies:

  • EUR
  • USD

 

When compared to other forex brokers, OctaFX is known for offering award-winning trading solutions.

In terms of unique sides and/or features, OctaFX stands out by offering a range of promotions, reliable trading services, dedicated customer support, and a range of trading opportunities.

OctaFX is a very active forex broker in Andorra with thousands of forex traders that use its services and solutions. OctaFX has a very large market share when compared to that of other brokers that operate in Andorra. Andorran traders are provided with a variety of privileges such as bonuses, promotions, tight spreads, and ultra-low trading commissions.

OctaFX is a popular choice for Andorran citizens because of its comprehensive trading services and extensive solutions tailormade for both retail and professional forex traders.

To get more information, you can read the OctaFX review.

 

Forex Trading in Andorra

Andorra is a sovereign landlocked microstate that is on the Iberia Peninsula in Europe with a population of more than 77,000 people. Its main gross domestic product (GDP) is obtained from tourism, which makes the exchange of currencies a popular activity.

This allows for more forex traders to emerge and start trading in forex. It also allows these forex traders to reap the benefits which can be earned from a volatile, liquid market. Forex trading in Andorra can be done by trading a variety of pairs using a range of forex trading strategies.

 

What should be known for Forex Trading in Andorra

Andorra offers many trading opportunities for both beginner and professional forex traders who want to earn profits in the forex market. Forex traders who want to get started can use the forex brokers on the list provided to register an account and start trading.

Forex trading should only be done by trusted, regulated forex brokers who can guarantee client fund security, fast and reliable trading speeds, and competitive trading conditions.

 

Who are the Forex Regulators in Andorra?

Andorra’s forex brokers are regulated by FCA, CySEC, and several other reputable regulatory entities.

 

Is Forex Trading legal in Andorra?

Yes, forex trading is legal in Andorra if forex traders use the service of regulated forex brokers. If Andorran forex traders use unregulated forex brokers, they may not have a claim for compensation if losses occur as a result of the forex broker.

 

How many Forex Traders are there in Andorra?

There is no official count on Andorran forex traders, but according to official sources, there are more than 2.1 million forex traders in Europe.

 

What do Andorra’s citizens think about Forex Trading?

Andorra’s citizens consider forex trading as a lucrative activity that allows them to make active and passive income in many ways.

 

Best Forex Brokers for Beginners in Andorra

The best forex brokers for beginners in Andorra are:

  1. FBS
  2. OctaFX
  3. FXPrimus
  4. Markets.com
  5. FXTM

 

These forex brokers offer beginner traders the best trading education, guides, tutorials, and demo accounts that they can use to learn forex trading.

 

Best Forex Brokers for Experts in Andorra

The best forex brokers for Experts in Andorra are:

  1. Bithumb
  2. Alvexo
  3. IQ Option
  4. BDSwiss
  5. AvaTrade

 

Best Forex Brokers for Other Countries

The best forex brokers for Spain are:

  1. Saxo Bank
  2. Swissquote
  3. Pepperstone
  4. XTB
  5. easyMarkets

 

The best forex brokers for France are:

  1. FXTB
  2. Blackbull Markets
  3. Squared Financial
  4. eToro
  5. Pepperstone

 

The best forex brokers for Monaco are:

  1. Expert Option
  2. Olymp Trade
  3. OctaFX
  4. IC Markets
  5. XM

 

The best forex brokers for Switzerland are:

  1. Dukascopy
  2. Saxo Bank
  3. XTB
  4. easyMarkets
  5. XM

 

The best forex brokers for Luxembourg are:

  1. CMC Markets
  2. InstaForex
  3. Interactive Brokers
  4. XTB
  5. Saxo Bank

 

The best forex brokers for Liechtenstein are:

  1. Swissquote
  2. FxPro
  3. XTB
  4. Expert Option
  5. Trading 212