Best Forex Brokers for Armenia in 2021

Best Forex Brokers for Armenia in 2021

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Best Forex Brokers for Armenia

Forex trading has been increasing in smaller regions worldwide, such as Armenia, with more forex traders taking to the forex market to earn profits. The best forex brokers for traders residing in Armenia are:

  1. Abshire Smith
  2. Olymp Trade
  3. FBS
  4. Trading 212
  5. RoboForex
  6. ForexMart
  7. eToro
  8. FP Markets

Vinson Financials

1. Abshire Smith

Abshire Smith is a forex trading broker and trading platform established in the United Kingdom in 2011 by Adam Neal. The CEO for Abshire Smith is Adam Neal, who has been in the position for two decades. Abshire Smith is regulated by the Financial Conduct Authority (FCA).

In terms of forex traders, Abshire Smith has an undisclosed number of registered forex traders, according to the official Abshire Smith website. According to reliable sources, between 50 and 100 employees are working for Abshire Smith.

Abshire Smith charges a minimum deposit of $500. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.8 pips and commission charges from $18.

Regarding trading speeds, Abshire Smith executes trades in a few milliseconds, according to trusted sources. Where security is concerned, Abshire Smith guarantees client fund security by keeping funds in segregated accounts with top-tier banks.

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

  • Forex
  • Commodities
  • Precious Metals
  • CFDs

About trading software, Abshire Smith offers the following:

  1. MetaTrader 4
  2. VertexFX 10
  3. Straticator

With research and training, Abshire Smith does not have a newsletter or a blog for forex traders. Forex traders are offered with the following:

  1. Economic calendar
  2. Market Squawk

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

  • Email
  • Telephone
  • Facebook
  • Twitter
  • LinkedIn

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

  • United States
  • Iran

In terms of currency types, Abshire Smith accepts the following currencies:

  • GBP
  • EUR
  • USD

When compared to other forex brokers, Abshire Smith offers advanced, sophisticated trading solutions.

In terms of unique sides and/or features, Abshire Smith stands out by offering powerful trading platforms, a range of trading tools, and flexible funding methods.

Abshire Smith is not an active forex broker in Armenia, and it has less than 100 traders that use its services and solutions. Abshire Smith has a small market share when compared to its competitors. There are no privileges offered to Armenian citizens other than the range of financial instruments offered and some trading tools.

Abshire Smith is not a popular forex broker with Armenian citizens as a result of its sophisticated solutions, which are tailor-made for professional traders.

To get more information, you can read the Abshire Smith review.

BinaryMate (Reported as a spam broker by AMF)

2. Olymp Trade

Olymp Trade is a forex trading broker and trading platform established in 2014 in Saint Vincent and the Grenadines. The CEO for Olymp Trade is Andreas A., who has been in the position for more than seven years. Olymp Trade is not regulated by any known entity and has a trading volume of $170 million executed monthly.

In terms of forex traders, Olymp Trade has more than 240,000 registered forex traders, according to the official Olymp Trade website. According to reliable sources, between 10 and 50 employees are working for Olymp Trade.

Olymp Trade charges a minimum deposit of $10. In terms of forex trading fees and commissions, forex traders are not charged a spread and can expect commissions between 13.5% and 20%.

Regarding trading speeds, Olymp Trade executes trades in a few milliseconds with minimal slippage, according to trusted sources. Where security is concerned, Olymp Trade uses 256-bit SSL technology to encrypt data and information on the website and trading platform.

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

  • Forex
  • Cryptocurrencies
  • US Stocks
  • Commodities
  • Indices

About trading software, Olymp Trade offers the use of its proprietary trading software, which can be used on web browsers and mobile devices that run on Android and iOS. With research and training, Olymp Trade has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Trading Signals
  2. Daily Review
  3. Weekly Review
  4. 250 Videos of past webinars
  5. Articles

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

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

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

  • United Kingdom
  • United States

In terms of currency types, Olymp Trade accepts the following currencies:

  • EUR
  • RUB
  • BRL
  • USD

When compared to other forex brokers, Olymp Trade offers multilingual support and a range of tradable financial instruments.

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

  • Variety of webinars and educational sources
  • Valuable insights from experts

Olymp Trade is a very active forex broker in Armenia with hundreds of traders that use its services and solutions. Olymp Trade has a good market share in Armenia, offering a range of trading solutions. There are no privileges offered to Armenian citizens other than a range of markets and some unique trading solutions.

Olymp Trade is a popular choice for Armenian citizens because of proprietary trading platforms, a range of markets, and competitive trading conditions.

To get more information, you can read the Olymp Trade review.

3. FBS

FBS is a forex trading broker and trading platform established in Belize in 2009. FBS is regulated by the International Financial Services Commission (IFSC), and there are millions of registered forex traders from more than 190 countries.

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 per lot.

Regarding trading speeds, FBS executes trades in a few milliseconds, according to trusted sources. Where security is concerned, FBS employs some of the strictest protocols to ensure that client and fund security and a safe trading environment.

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:

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

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

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

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

  • USD
  • EUR

When compared to other brokers, in terms of unique sides and/or features, FBS stands out by offering:

  • 5-digit precision on all accounts
  • High leverage up to 1:3000
  • Promotions and bonuses
  • Trust and commitment to excellence

FBS is a very active forex broker in Armenia, with thousands of traders that are registered with FBS. FBS has a large market share in Armenia along with other forex brokers. There are no privileges offered to Armenian citizens, but forex traders can expect competitive trading conditions.

FBS is a popular choice for Armenian citizens because of its powerful trading software, a range of markets, a choice in accounts, and a safe trading environment.

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

4. Trading 212

Trading 212 is a forex trading broker and trading platform established in 2004 in Bulgaria by Ivan Ashminov and Borislav Nedialkov. The CEO for Trading 212 is Nick Saunders, who has been in the position for several years. Trading 212 is regulated by the Financial Conduct Authority (FCA)

Trading 212’s market capitalization is not given by trusted sources, but the Trading 212 application has experienced more than 14 million downloads.

In terms of forex traders, Trading 212 has a significant number of registered forex traders, according to the official Trading 212 website, with more than 14 million downloads on the app. According to reliable sources, between 100 and 250 employees are working for Trading 212.

Trading 212 charges a minimum deposit of $1. In terms of forex trading fees and commissions, forex traders can expect a spread from 1.2 pips and commission-free trading.

Regarding trading speeds, Trading 212 executes trades in seconds with minimal slippage, according to trusted sources. Where security is concerned, Trading 212 uses some of the best security protocols and innovative technologies.

In terms of financial markets, Trading 212 offers a range of tradable financial instruments from these asset classes:

  • Forex
  • ETFs
  • Stocks
  • Commodities
  • Cryptocurrencies
  • Indices

About trading software, Trading 212 offers the use of its proprietary trading platform, which can be used on web browsers or mobile devices. With research and training, Trading 212 has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. Economic Calendar
  2. Market Analysis
  3. Educational Videos on the official YouTube channel

In terms of customer support, Trading 212 can be contacted through these communication channels:

  • Telephone
  • Live Chat
  • Email

In terms of the service area, Trading 212 serves traders from around the world except those from the United States. In terms of currency types, Trading 212 accepts the following currencies:

  • GBP
  • USD
  • EUR

In terms of unique sides and/or features, Trading 212 stands out by offering some of the best trading software, competitive trading conditions, and a range of markets.

Trading 212 is a very active forex broker in Armenia with hundreds of traders that use its services, solutions, and innovative app. Trading 212 has a large market share in Armenia, offering Armenian traders a range of solutions. There are no privileges offered to Armenian citizens, but forex traders can expect some of the best trading conditions.

Trading 212 is a popular choice for Armenian citizens because of its powerful trading software, security, and a choice in financial markets to trade.

To get more information, you can read the Trading 212 review.

5. RoboForex

RoboForex is a forex trading broker and trading platform established in 2009 in Belize. The CEO for RoboForex is Rudolph Simmons, who has been in the position for more than five years. RoboForex is regulated by IFSC and has a trading volume of $4.3 billion daily.

In terms of forex traders, RoboForex has more than 730,000 registered forex traders, according to the official RoboForex website. According to reliable sources, between 50 and 1,000 employees are working for RoboForex.

RoboForex 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 commission charges from $0.0045.

Regarding trading speeds, RoboForex executes trades in 150 and 400 milliseconds, according to trusted sources. Where security is concerned, RoboForex is a member of a compensation fund, keeps client funds in segregated accounts, and uses innovative technologies.

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

  • Forex
  • Commodities
  • CFDs
  • ETFs
  • Metals
  • Energies
  • Cryptocurrency

About trading software, RoboForex offers the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. RoboForex R Trader
  4. cTrader

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

  1. Economic calendar
  2. Trading Tips
  3. Educational Videos
  4. Trading Guides
  5. Indices Charts
  6. Forex Analysis and Forecasts
  7. RoboForex Analytics
  8. RoboForex R Trader Strategy Builder
  9. Trading Calculator
  10. Forex Charts
  11. Stock Charts

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

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

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

  • Japan
  • United States
  • Canada
  • Australia

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

  • EUR
  • USD
  • PLN
  • CNY
  • MYR
  • IDR
  • AED, and more.

When compared to other forex brokers, RoboForex offers competitive trading conditions, rates, and fees. In terms of unique sides and/or features, RoboForex stands out by offering:

  • Unique RoboForex R Trader Strategy Builder
  • Bonuses and promotions
  • Affiliate program
  • Award-winning service

RoboForex is a very active forex broker in Armenia with thousands of traders that use its comprehensive services and solutions. RoboForex has a large market share in Armenia despite several competitors. There are no privileges offered to Armenian citizens, but forex traders have access to a range of favorable conditions, a range of promotions, and a choice in trading platforms.

RoboForex is a popular choice for Armenian citizens because of its powerful trading software, security, and award-winning trading solutions.

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

6. ForexMart

ForexMart is a forex trading broker and trading platform established in 2015 in Cyprus. ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC).

In terms of forex traders, ForexMart has an undisclosed number of registered forex traders. According to reliable sources, there are between 10 and 50 employees who work for ForexMart.

ForexMart charges a minimum deposit of $1. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.0 pips with commission charges between 0.02% and 0.07%.

Regarding trading speeds, ForexMart guarantees lightning-fast trade execution, according to trusted sources. Where security is concerned, ForexMart uses advanced, comprehensive SSL technology along with several other trusted protocols to ensure a safe trading environment for all traders.

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

  • Forex
  • Metals
  • Cryptocurrency CFDs
  • Share CFDs

About trading software, ForexMart offers the following:

  1. ForexMart Mobile Application (iOS and Android)
  2. MetaTrader 4

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

  1. Glossary
  2. Education brochure
  3. FAQ
  4. VPS Hosting
  5. Economic Calendar
  6. Market Analysis
  7. Currency Converter

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

  • Telegram
  • WhatsApp
  • Skype
  • Viber
  • Telephone
  • Instant Live Chat
  • Email

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

  • USA
  • North Korea
  • Myanmar
  • Cuba
  • Sudan
  • Syria, and more.

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

  • EUR
  • GBP
  • USD, and more.

When compared to other forex brokers, ForexMart offers unique trading and investment opportunities in several financial markets. Where unique sides are concerned, ForexMart offers:

  • Several partnerships
  • Contests, bonuses, and promotions

ForexMart is a very active forex broker in Armenia with hundreds of traders that use its services and solutions across powerful trading platforms. ForexMart has a reasonable market share compared to its competitors. There are no privileges offered to Armenian citizens, but forex traders can expect a safe, dynamic trading environment.

ForexMart is a popular choice for Armenian citizens because of its innovative solutions and low trading and non-trading fees.

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

7. eToro

eToro is a forex trading broker and trading platform established in Cyprus, UK, and Israel in 2007 by Yoni Assia, Ronen Assia, and David Ring. The CEO for eToro is Yoni Assia, who has been in the position for the past 14 years. eToro is regulated by ASIC, FCA, and CySEC.

eToro’s market capitalization is not known, but eToro sees an average daily trading volume of $4.3 billion, according to official sources.

In terms of forex traders, eToro has thousands of registered forex traders from more than 150 countries, according to the official eToro website. According to reliable sources, between 500 and 1,000 employees are working for eToro.

eToro charges a minimum deposit of $200. In terms of forex trading fees and commissions, forex traders can expect a spread from 3 pips with commission-free trading.

Regarding trading speeds, eToro is known for its lightning-fast trade execution speeds, according to trusted sources. Where security is concerned, eToro is one of the most secure brokers that use the latest, most innovative trading technology in the industry.

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

  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • ETFs
  • CFDs
  • Indices
  • Metals
  • Energies
  • Bonds
  • Forex

About trading software, eToro offers its proprietary trading software on the web, mobile, and desktop. With research and training, eToro has a newsletter and blog for forex traders. Forex traders are offered with the following:

  1. eToro Instrument chart
  2. eToro CopyPortfolios
  3. eToro Watchlist
  4. eToro Portfolio
  5. eToro News Feed
  6. eToro Copy People
  7. eToro Trade Markets
  8. eToro Instrument feed
  9. eToro Instrument statistics

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

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • Email
  • Telephone

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

  • United States
  • Japan
  • Brazil
  • Canada
  • Turkey
  • North Korea
  • Syria
  • Sudan
  • Albania, and several other areas.

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

  • AUD
  • EUR
  • USD
  • GBP
  • RUB, and others

When compared to other forex brokers, eToro offers some of the best social trading opportunities spread across a range of markets.

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

  • Free insurance to eligible clients
  • Opportunity to invest with experts
  • Commission-free trading

eToro is a very active forex broker in Armenia with a large portion of traders that use its services and solutions. eToro has a significant market share and takes the lead on social trading when compared to other brokers. There are no privileges offered to Armenian citizens, but forex traders can expect competitive trading conditions and tailormade solutions.

eToro is a popular choice for Armenian citizens because of its powerful trading software, security, and award-winning leading social trading platform.

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

8. FP Markets

FP Markets is a forex trading broker and trading platform established in Australia in 2005 by Matthew Murphie. The CEO for FP Markets is Nick Twidale, who has been in the position for more than a year. FP Markets is regulated by ASIC, CySEC, and SVG FSA.

In terms of forex traders, FP Markets has an undisclosed number of registered forex traders, according to the official FP Markets website. According to reliable sources, between 50 and 100 employees are working for FP Markets.

FP Markets charges a minimum deposit of $100. In terms of forex trading fees and commissions, forex traders can expect a spread from 0.0 pips with commission charges from $3 per 100,000 traded.

Regarding trading speeds, FP Markets executes trades instantly with minimal slippage, according to trusted sources. Where security is concerned, FP Markets is a trusted, reputable forex broker and trading platform that guarantees client fund safety in a secure trading environment.

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

  • Forex
  • Commodities
  • Indices
  • Cryptocurrency
  • Metals
  • Energies
  • Equities
  • CFDs

About trading software, FP Markets offers the following:

  1. IRESS Trading Platform
  2. MetaTrader 4
  3. MetaTrader 5

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

  1. Traders Hub
  2. Copy Trading
  3. AutoChartist
  4. Trader Toolbox
  5. Forex VPS
  6. MAM/PAMM

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

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

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

  • Japan
  • New Zealand
  • United States

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

  • USD
  • EUR
  • GBP
  • AUD, and more.

When compared to other forex brokers, FP Markets offers award-winning trading software, a range of markets, and a secure trading environment.

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

  • Transparent fee schedules
  • Deep liquidity
  • Low latency trading

FP Markets is a very active forex broker in Armenia, with a large portion of forex traders that use its services and solutions. FP Markets has a good market share despite the competition involved in the market. While Armenian citizens are not given any specific privileges when they trade with FP Markets, traders can still expect a range of trading opportunities.

FP Markets is a popular choice for Armenian citizens, especially when considering that FP Markets offers low trading costs and comprehensive solutions tailormade to beginners and professionals.

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

Forex Trading in Armenia

Armenia is a landlocked country which is in the Armenian Highlands of Western Asia, forming part of the Caucasus region, bordered by Turkey, Georgia, Azerbaijan, and Iran.

Armenia’s GDP is $32 billion, and its official currency is the Armenian Dram (AMD) which is traded in the forex market. 

In the past few years, forex trading has increased in Armenia, with the trading volume of currencies being exchanged increasing steadily as more Armenian citizens join the forex market to earn profits.

What should be known for Forex Trading in Armenia?

To trade forex in Armenia, traders must use regulated brokers to ensure the security of their funds, which must be kept in segregated accounts and only used towards trading activities.

Armenian traders can use any of the forex brokers and trading platforms provided on this list to register a demo account to practice trading or explore what the brokers offer before registering a real account with any of the brokers and depositing funds to start trading.

Forex trading in Armenia can be done by exchanging AMD for other currencies such as USD, EUR, GBP to make a profit.

Who are the Forex Regulators in Armenia?

There are no designated forex regulators in Armenia. However, many regulatory entities cover Armenian traders, such as CySEC, to ensure that traders have a safe and secure trading environment.

Is Forex Trading legal in Armenia?

Yes, forex trading is legal in Armenia if forex traders use regulated brokers.

How Many Forex Traders are there in Armenia?

There is no official count on forex traders in Armenia. There are 4 million forex traders in Asia, according to official resources.

What do Armenia’s Citizens think about Forex Trading?

Armenian citizens are not familiar with the advantages associated with forex trading or the profits which could be earned from it. However, this is changing as forex trading becomes more widespread and as trading technology evolves to allow more traders to join.

Best Forex Brokers for Beginners in Armenia

The best forex brokers for beginners in Armenia are:

  1. FBS
  2. Trading 212
  3. eToro
  4. FP Markets
  5. RoboForex

These forex brokers are well-known for offering the best education, a demo account, and dedicated customer support to beginner traders. Beginners can easily start practicing their trading using the trading solutions offered by these brokers, allowing them to extend their trading knowledge and experience.

Best Forex Brokers for Experts in Armenia

The best forex brokers for Experts in Armenia are:

  1. Abshire Smith
  2. ForexMart
  3. Olymp Trade
  4. FBS
  5. eToro

These forex brokers offer tailormade solutions to expert traders in Armenia. They offer advanced trading tools, innovative trading software, and a range of research resources, materials, and tools.

Best Forex Brokers for Other Countries

The best forex brokers for Georgia are:

  1. XTB
  2. ZacksTrade
  3. Plus500
  4. FP Markets
  5. FXPrimus

The best forex brokers for Turkey are:

  1. eToro
  2. Interactive Brokers
  3. XM
  4. Saxo Bank
  5. OctaFX

The best forex brokers for Azerbaijani are:

  1. Dukascopy
  2. ForexTB
  3. NordFX
  4. Axi
  5. Alfa-Forex

The best forex brokers for Iraq are:

  1. Alpari
  2. IC Market