Best Forex Brokers in Bhutan in 2021

Best Forex Brokers in Bhutan in 2021

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Bhutan, officially the Kingdom of Bhutan, is a landlocked country that can be found in the Eastern Himalayas, bordered by China, India, Nepal, and Bangladesh. Bhutan has a population of more than 754,000, of which there are many forex traders.

When looking for the best forex brokers in Bhutan, traders need not look further than the list provided below:

  1. FxPro
  2. Pepperstone
  3. ExpertOption
  4. Tickmill
  5. Blackbull Markets
  6. OctaFX
  7. AvaTrade

1. FxPro

FxPro is a forex trading broker founded in 2006 in the United Kingdom. The CEO for FxPro is Charalambos Psimolophitis, who has held the position for the past several years. FxPro is regulated by FCA, CySEC, FSCA, and SCB and has a daily trading volume that exceeds $6.5 billion. 

In terms of users, there are more than 1.8 million forex traders registered with FxPro, according to official sources. According to trusted sources, FxPro has between 100 and 250 employees.

In terms of minimum deposits, FxPro charges $100 when forex traders register for a trading account. FxPro charges some of the following spreads and commissions:

  • Spreads from 0.37 pips
  • Commission charges of 45 USD per 1 million USD traded

In terms of trade execution speed, FxPro guarantees that more than 7,000 trades are executed per second, with each executed in less than 14 milliseconds. In terms of security and security features, FxPro uses the best safety protocols and procedures to ensure client fund security.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • Metals
  • Futures
  • Energies
  • Spot Indices
  • Shares

In terms of trading software, FxPro offers forex traders the following applications:

  1. cTrader
  2. MetaTrader 4
  3. MetaTrader 5
  4. FxPro Trading Platform

In terms of research and training, FxPro offers a free newsletter and blog. FxPro also offers the following trading tools, resources, and educational materials:

  1. Fundamental and Technical Analysis
  2. Trading Tests
  3. Video Tutorials
  4. Webinars and Events
  5. Economic Calendar
  6. Calculators and several others.

In terms of customer support, FxPro can be contacted through the following channels:

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

In terms of the service area, FxPro serves traders from around the world except for traders from these regions:

  • USA
  • Canada
  • Iraq, and several other countries who are part of the OFAC list.

In terms of currency types, FxPro supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • PLN
  • AUD
  • JPY, and several others.

When compared to other forex brokers, FxPro offers the following unique sides and features:

  • Deep liquidity from trusted providers
  • Proven, reliable trade execution speeds

FxPro is one of the most active forex brokers in Bhutan that has a significant market share despite how small the participation in forex is in the country. Bhutan citizens can expect a range of privileges such as access to education, trusted trading platforms, and competitive trading conditions.

To get more information, you can read the FxPro Forex Suggest review.

2. Pepperstone

Pepperstone is a forex trading broker founded in Australia in 2010 by Owen Kerr and Joe Davenport. The CEO for Pepperstone is Tamas Szabo, who has held the position for the past several years. Pepperstone is regulated by ASIC and FCA and has an average daily trading volume that exceeds $9.2 billion.

In terms of users, there are more than 57 000 forex traders registered with Pepperstone, according to official sources. According to trusted sources, Pepperstone has more than 200 employees.

In terms of minimum deposits, Pepperstone charges $200 when forex traders register for a trading account. Pepperstone charges some of the following spreads and commissions:

  • Spreads from 0 pips EUR/USD
  • Commission charges of $7 round turn per $100,000 traded.

In terms of trade execution speed, Pepperstone guarantees that large volumes of orders are executed within a few milliseconds. In terms of security and security features, Pepperstone is a trusted, secure forex broker that incorporates the latest security technology and innovations.

In terms of trading instruments, forex traders can trade the following:

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

In terms of trading software, Pepperstone supports the use of MetaTrader 4, MetaTrader 5, and cTrader, through which trades can be executed seamlessly. In terms of research and training, Pepperstone offers a free newsletter and blog. Pepperstone also offers the following trading tools, resources, and educational materials:

  1. cTrader Automate
  2. AutoChartist with Pepperstone Technical Analysis software
  3. Social Trading and ZuluTrade
  4. VPS Hosting
  5. Pepperstone Webinars, and more.

In terms of customer support, Pepperstone can be contacted through the following channels:

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

In terms of the service area, Pepperstone serves traders from around the world except for traders from these regions:

  • United States
  • Canada
  • Japan
  • Iran
  • Yemen
  • Zimbabwe, and several others.

In terms of currency types, Pepperstone supports the following currencies:

  • USD
  • GBP
  • EUR
  • CHF
  • JPY

When compared to other forex brokers, Pepperstone offers the following unique sides and features:

  • It is one of the largest and most trusted brokers that offer competitive trading conditions
  • Advanced yet user-friendly trading tools, research, and educational materials
  • A choice in powerful trading software
  • Client fund security

Despite the lack of forex market participation in Bhutan, Pepperstone remains a large and active broker that has a decent market share. Pepperstone offers Bhutan citizens a range of helpful tools to get them started in forex trading while offering professionals helpful, innovative trading tools.

Pepperstone is the most popular choice for Bhutan citizens who want to start trading in forex because of its comprehensive trading solutions and unbeatable trading conditions.

To get more information, you can read the Pepperstone Forex Suggest review.

3. ExpertOption

ExpertOption is a forex trading broker founded in 2014 in Saint Vincent and the Grenadines. ExpertOption is not regulated by any known entity and claims to have more than 700,000 registered forex traders, according to the official ExpertOption website.

In terms of minimum deposits, ExpertOption charges $10 when forex traders an entry-level trading account. ExpertOption charges some of the following spreads and commissions:

  • Spreads from 0.0 pips
  • Commission-free trading options

In terms of trade execution speed, ExpertOption guarantees that trades are executed within seconds. In terms of security and security features, ExpertOption claims to use innovative technology to ensure that client data and information are kept safe between the website and trading platform.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • Stocks
  • Cryptocurrencies
  • Commodities
  • Indices
  • Metals

In terms of trading software, ExpertOption offers the use of its proprietary trading platform that can be used across several different devices, with perfect account integration across all.

In terms of research and training, ExpertOption offers a free newsletter and blog. ExpertOption also offers the following trading tools, resources, and educational materials:

  1. Technical analysis
  2. Graphical tools
  3. Fundamental analysis tools
  4. Economic calendar

In terms of customer support, ExpertOption can be contacted through the following channels:

  • Live chat
  • Email
  • Telephone
  • Facebook
  • Twitter

In terms of the service area, ExpertOption serves traders from around the world except for traders from these regions:

  • United States
  • Yemen
  • Iran
  • Russia
  • Indonesia
  • Bangladesh
  • Singapore
  • Puerto Rico and several others that are on the OFAC list.

In terms of currency types, ExpertOption supports the following currencies:

  • USD
  • GBP
  • EUR

When compared to other forex brokers, ExpertOption offers the following unique sides and features:

ExpertOption is a very active forex broker in xxx with traders that use its services and solutions. ExpertOption has a good market share that it shares with other forex brokers. There are no privileges offered to xxx citizens other than a range of markets and unique solutions.

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

To get more information, you can read the ExpertOption Forex Suggest review.

4. Tickmill

Tickmill is a forex trading broker founded in 2014 by Ingmar and Illimar Mattus and Nikolai Nikolajenko in the United Kingdom. There are three CEOs for Tickmill according to its different offices:

  • Sudhanshu Agarwal – Seychelles (6 years, 11 months)
  • Duncan Anderson – United Kingdom (6 years, 2 months)
  • Valerijus Ovsianikas – Cyprus (6 years, 4 months)

In terms of regulation, Tickmill is regulated by FSA, FCA, CySEC, Labuan FSA, FSCA with registrations by FCA, BaFin, CONSOB, ACPR, and CNMV. In terms of users, there are more than 350,000 forex traders registered with Tickmill, according to official sources. According to trusted sources, Tickmill has between 50 and 100 employees.

In terms of minimum deposits, Tickmill charges $100when forex traders register for a trading account. Tickmill charges some of the following spreads and commissions:

  • Spreads from 0.1 pips EUR/USD
  • Commission charges of $2 per 100k traded

In terms of trade execution speed, Tickmill guarantees that trades are executed within 0.15 seconds. In terms of security and security features, Tickmill is a trusted and secure forex broker that ensures that clients are treated fairly and kept safe.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • Stock Indices
  • Energies
  • Metals
  • Bonds

In terms of trading software, Tickmill offers the use of a WebTrader as well as the popular MetaTrader 4. In terms of research and training, Tickmill offers a free newsletter and blog. Tickmill also offers the following trading tools, resources, and educational materials:

  1. AutoChartist
  2. MyFXBook AutoTrade
  3. Economic Calendar
  4. Trading Calculators
  5. Tickmill VPS
  6. One-Click Trading

In terms of customer support, Tickmill can be contacted through the following channels:

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

In terms of the service area, Tickmill serves traders from around the world except for traders from these regions:

  • The United States
  • Sudan
  • North Korea
  • Cuba
  • Iraq
  • Myanmar

In terms of currency types, Tickmill supports the following currencies:

  • USD
  • GBP
  • EUR
  • PLN

When compared to other forex brokers, Tickmill offers the following unique sides and features:

  • Advanced, useful trading tools
  • Range of markets
  • Trust, commitment, and dedicated services

Tickmill is a popular option for traders in many countries, including Bhutan, where it does not have a large market share because of the small portion of forex traders present in the country. Tickmill offers Bhutanese citizens a range of tradable instruments, powerful trading software, and the reassurance that their funds are safe.

To get more information, you can read the Tickmill Forex Suggest review.

5. Blackbull Markets

Blackbull Markets is a forex trading broker founded in New Zealand in 2014. Blackbull Markets is regulated by FSPR and FMA, and according to trusted sources, Blackbull Markets has between 10 and 50 employees.

In terms of minimum deposits, Blackbull Markets charges $200 when forex traders register for a trading account. Blackbull Markets charges some of the following spreads and commissions:

  • Spreads from 0.1 pips EUR/USD
  • Commission charges of $6 per trade

In terms of trade execution speed, Blackbull Markets guarantees fast and reliable execution speeds by using three Equinix servers in London, Tokyo, and New York. In terms of security and security features, Blackbull Markets has strict protocols and requirements as per regulatory entities.

In terms of trading instruments, forex traders can trade the following:

  • CFDs
  • Commodities
  • Indices
  • Metals
  • Forex
  • Energies

In terms of trading software, Blackbull Markets offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. FIX API

In terms of research and training, Blackbull Markets offers a free newsletter, but there is no blog for forex traders. Blackbull Markets also offers the following trading tools, resources, and educational materials:

  1. Trading Glossary
  2. Technical Indicators
  3. Market reviews
  4. Economic Calendar
  5. Trading Videos
  6. Trading Guides

In terms of customer support, Blackbull Markets can be contacted through the following channels:

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

In terms of the service area, Blackbull Markets serves traders from around the world except for traders from these regions:

  • The United States
  • North Korea
  • Russia
  • Spain

In terms of currency types, Blackbull Markets supports the following currencies:

  • USD
  • AUD
  • EUR
  • GBP and several others.

When compared to other forex brokers, Blackbull Markets offers the following unique sides and features: 

  • High liquidity
  • Several strong partnerships
  • A variety of social trading opportunities

Blackbull Markets is a very prominent broker overall in financial markets but does not have a very large market share in Bhutan because there are only a few forex traders in the region. Blackbull Markets does not offer Bhutan citizens any privileges but offers a range of tradable instruments, competitive trading conditions, and advanced trading options.

To get more information, you can read the Blackbull Markets Forex Suggest review.

6. OctaFX

OctaFX is a forex trading broker founded in Saint Vincent and the Grenadines in 2011. The CEO for OctaFX is Georgios D. Pantzis, who has held the position for the past three years. OctaFX is regulated by CySEC and FSA SVG and has more than 6.6 million registered forex traders from more than 100 different countries worldwide, according to trusted sources.

According to trusted sources, OctaFX has between 250 and 500 employees. In terms of minimum deposits, OctaFX charges $100 when forex traders register for a trading account. OctaFX charges some of the following spreads and commissions:

  • Spreads from 0.0 pips EUR/USD
  • Commission charges from $0.02

In terms of trade execution speed, OctaFX guarantees that 97.5% of trades will be executed within seconds. In terms of security and security features, OctaFX offers a safe and secure trading environment and guarantees client fund security.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • Metals
  • Energies
  • Indices
  • Cryptocurrencies

In terms of trading software, OctaFX offers forex traders the following applications:

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

In terms of research and training, OctaFX offers a free newsletter and blog. OctaFX also offers the following trading tools, resources, and educational materials:

  1. Webinars
  2. Trading Calculator
  3. Live Quotes
  4. AutoChartist, and more.

In terms of customer support, OctaFX can be contacted through the following channels:

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

In terms of the service area, OctaFX serves traders from around the world except for traders who reside in the United States. In terms of currency types, OctaFX supports the following currencies:

  • USD
  • EUR

When compared to other forex brokers, OctaFX offers the following unique sides and features:

  • Award-winning services, solutions, and platforms
  • Trusted trading software
  • Reliable trade execution speeds

OctaFX is a very active forex broker that serves a few forex traders from Bhutan. OctaFX has an overall large market share when compared to other forex brokers, offering Bhutan citizens the privilege of a range of tradable instruments, powerful trading software, and award-winning trading services.

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

7. AvaTrade

AvaTrade is a forex trading broker founded in 2006 by Negev Shekel Nosatzi in Dublin, Ireland. The CEO for AvaTrade is Dáire Ferguson, who has held the position for the past 9 years. AvaTrade is regulated by ASIC, BVI, CBI, FFAJ, FSA, FSCA, and IIROC, with a daily average trading volume of more than $7.8 billion.

In terms of users, there are more than 300,000 forex traders registered with AvaTrade, according to official sources. According to trusted sources, AvaTrade has between 250 to 500 employees.

In terms of minimum deposits, AvaTrade charges 100 USD when forex traders register for a trading account. AvaTrade charges some of the following spreads and commissions:

  • Spreads from 0.9 pips EUR/USD

In terms of trade execution speed, AvaTrade guarantees that trades are executed within a few seconds. In terms of security and security features, AvaTrade uses the strictest protocols and innovative measures to ensure client fund security.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • Metals
  • Energies
  • Options, and several more.

In terms of trading software, AvaTrade offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. AvaTradeGo
  4. AvaTradeOptions
  5. DupliTrade
  6. ZuluTrade

In terms of research and training, AvaTrade offers a free newsletter and blog. AvaTrade also offers the following trading tools, resources, and educational materials:

  1. Market News
  2. Technical Analysis
  3. Fundamental Analysis
  4. Trading calculators
  5. AutoChartist
  6. Economic Calendar

In terms of customer support, AvaTrade can be contacted through the following channels:

  • Live chat
  • Telephone
  • Email
  • A contract request form on the official website
  • Instagram
  • Twitter
  • Facebook

In terms of the service area, AvaTrade serves traders from around the world except for traders from these regions:

  • Iran
  • The United States
  • Canada

In terms of currency types, AvaTrade supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • AUD

When compared to other forex brokers, AvaTrade offers the following unique sides and features:

  • Wide range of trading options
  • Acceptance of most trading strategies
  • Advanced and helpful trading tools

AvaTrade is a large, popular, and very active forex broker in Bhutan that serves a handful of forex traders. AvaTrade is known for having a large overall market share in the forex market, offering Bhutan citizens easy access to financial markets, training and education, and innovative technology.

AvaTrade is a good, popular choice for Bhutan citizens because it caters for beginners and professionals alike, ensuring that traders have the necessary support each step of the way.

To get more information, you can read the AvaTrade Forex Suggest review.

Forex Trading in Bhutan

The forex market is the largest financial market in the world that attracts millions of potential investors daily. It has millions of active participants who trade a wide range of currencies daily, with trading volumes that exceed $6 trillion.

The Bhutanese ngultrum (BTN) is the national currency of Bhutan, which is traded on the forex market against many other currencies, both major and minor.

What should be known for Forex Trading in Bhutan

Bhutan is a very small region in the Himalayas, and there are only a few forex traders who reside in this country because of a low and underdeveloped economy that relies heavily on India.

While there are few forex traders in Bhutan right now, this is slowly changing with the internet becoming more readily available and smaller countries accepting modern technology.

Who are the Forex Regulators in Bhutan?

There are no forex regulators in Bhutan because the forex market in the country is very small when compared to other more developed economies.

Forex brokers who offer their services in Bhutan often have regulations with CySEC, IFSC, and several other entities that look after the best interest of traders in smaller regions such as Bhutan.

Is Forex Trading legal in Bhutan?

Yes, forex trading is legal in Bhutan. It is not a very lucrative activity because the country is underdeveloped.

How many Forex Traders are there in Bhutan?

There are only a few forex traders in Bhutan, and there are no official sources that give the precise number. According to the size of the population, more than 100 forex traders are residing in Bhutan.

What do Bhutan’s citizens think about Forex Trading?

Bhutan’s citizens do not regard forex trading the same way as other more developed countries. Bhutan citizens are involved with exports in the agriculture, energy, and mining sectors.

Best Forex Brokers for Beginners in Bhutan

The best forex brokers for beginners in Bhutan are:

  1. AvaTrade
  2. Pepperstone
  3. Tickmill
  4. FxPro
  5. OctaFX

These five brokers, among others, are known for their comprehensive solutions that cater for novice traders.

Best Forex Brokers for Experts in Bhutan

The best forex brokers for Experts in Bhutan are:

  1. Blackbull Markets
  2. Tickmill
  3. ExpertOption
  4. Pepperstone
  5. FxPro

These brokers are the best in the industry where expert trading is concerned, especially as these brokers offer advanced, sophisticated solutions to all professional traders.

Best Forex Brokers for Other Countries

The best forex brokers for China are:

  1. FXTM
  2. XM Group
  3. InstaForex
  4. HotForex
  5. easyMarkets

The best forex brokers for India are:

  1. FOREX.com
  2. City Index
  3. Saxo Bank
  4. Swissquote
  5. Vantage FX

The best forex brokers for Nepal are:

  1. OctaFX
  2. BDSwiss
  3. IG
  4. Admirals
  5. InstaForex