Bosnia and Herzegovina often referred to as BiH, B&H, or just Bosnia, is a country that can be found in South and Southeast Europe, based in the Balkans. Bosnia and Herzegovina have been a candidate country for the European Union assession since 2003, and it is a popular hub filled with forex traders who can use the following best brokers to trade through in 2023:
- Windsor Brokers
- Blackbull Markets
- Oanda
- FP Markets
- Alpari
- XM
- IQ Option
- Olymp Trade
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
Leverage
Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
1. Windsor Brokers
Windsor Brokers is a forex trading broker founded in 1988 in Cyprus by Nicolas Abuaitah. The CEO for Windsor Brokers is Johny Abuaitah, who has held the position for the past several years. Windsor Brokers is regulated by CySEC, JSC, and IFSC.
According to trusted sources, Windsor Brokers has between 50 and 100 employees. In terms of minimum deposits, Windsor Brokers charges $100 when forex traders register for a trading account. Windsor Brokers charges some of the following spreads and commissions.
- Spreads from 0.0 pips
- Commission charges from as low as $8
In terms of trade execution speed, Windsor Brokers guarantees that trades are executed within a few milliseconds with minimal slippage or requotes. In terms of security and security features, Windsor Brokers is a reputable Cypriot Investment firm with strict regulation, and that is compliant with the EU’s MiFID.
In terms of trading instruments, forex traders can trade the following.
- Forex
- Metals
- Commodities
- Indices
- Treasuries
- Share CFDs
- Options
- EFPs
- ETFs
- Futures, and more.
In terms of trading software, Windsor Brokers offers forex traders the following applications:
- MetaTrader 4
- AMO Trading Platform
In terms of research and training, Windsor Brokers offers the following trading tools, resources, and educational materials:
- Forex Calculators
- Economic calendar
- Technical Analysis
- Market News
- More than 70 training lessons
- eBooks
- Webinars
- Glossary
In terms of customer support, Windsor Brokers can be contacted through the following channels.
- Live Chat
- Telephone
In terms of the service area, Windsor Brokers serves traders from around the world except for traders from these regions.
- Japan
- Belize
- The United States
- Belgium
In terms of currency types, Windsor Brokers supports the following currencies.
- USD
- GBP
- EUR
- COP
- INR
- KWD
When compared to other forex brokers, Windsor Brokers offers the following unique sides and features.
- Sophisticated and comprehensive forex and CFD trading opportunities
- Advanced investment options
- Trusted trading solutions with competitive pricing
Windsor Brokers is not a very active forex broker in Bosnia and Herzegovina because of its unique solutions that lean towards professional traders. However, Windsor Brokers still has a decent market share in Bosnia and Herzegovina.
There are no privileges offered to Bosnia and Herzegovina citizens, but traders can expect a range of tailor-made solutions that suit the individual needs and objectives of traders.
To get more information, you can read the Windsor Brokers review.
2. Blackbull Markets
Blackbull Markets is a forex trading broker founded in New Zealand in 2014 by an unknown entity/group. 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 is Known for its robust protocols and stringent measures to ensure client fund safety.
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:
- MetaTrader 4
- MetaTrader 5
- FIX API
In terms of research and training, Blackbull Markets offers a free newsletter but no blog for forex traders. Blackbull Markets also offers the following trading tools, resources, and educational materials:
- Trading Glossary
- Technical Indicators
- Market reviews
- Economic Calendar
- Trading Videos
- Trading Guides
In terms of customer support, Blackbull Markets can be contacted through the following channels.
- Telephone
- Live chat
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 others.
When compared to other forex brokers, Blackbull Markets offers the following unique sides and features.
- High liquidity and reliable trade execution speed
- Several strategic partnerships that set the forex broker apart from competitors
- A range of social trading opportunities
Blackbull Markets is an active broker in Bosnia and Herzegovina, with a large market share that consists of hundreds of registered traders that use the trading platform daily. Blackbull Markets does not provide any special privileges to Bosnia and Herzegovina traders.
However, despite this, Blackbull Markets is a popular forex broker because of its innovative trading technology, secure trading environment, and powerful trading platforms.
To get more information, you can read the Blackbull Markets Forex Suggest review.
3. Oanda
Oanda is a forex trading broker founded in 1996 in Delaware, the USA, by Michael Stumm and Richard Olsen. The CEO for Oanda is Gavin Bambury, who has held the position for the past two years since 2019. Oanda is regulated by
OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate.
OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC's online advisor check database (IIROC AdvisorReport), and customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.
OANDA Europe Limited is a company registered in England number 7110087, and has its registered office at Floor 3, 18 St. Swithin's Lane, London EC4N 8AD. It is authorized and regulated by the Financial Conduct Authority, No: 542574.
OANDA Asia Pacific Pte Ltd (Co. Reg. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore.
OANDA Australia Pty Ltd is regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. 412981) and is the issuer of the products and/or services on this website. It's important for you to consider the current Financial Service Guide (FSG), Product Disclosure Statement (‘PDS'), Account Terms and any other relevant OANDA documents before making any financial investment decisions.
OANDA Japan Co., Ltd. First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. 2137 Institute Financial Futures Association subscriber number 1571.
OANDA Europe Markets Limited is a company registered in Malta number C 95813 and has its registered office at 171, Old Bakery Street, Valletta. It is authorized and regulated by the Malta Financial Services Authority as Category 3 Investment Services Licence Holder to provide services to the residents in the European Union.
OANDA Global Markets Ltd is a company registered in BVI number 2026433 and has its registered office at Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands. It is authorized and regulated by the BVI Financial Services Commission, number: SIBA/L/20/1130.
While the market capitalization for Oanda is not given by official sources, the forex broker reports trading volumes that exceed $10.7 billion a day.
According to trusted sources, Oanda has 573employees. In terms of minimum deposits, Oanda charges 1 USD when forex traders register for a trading account. Oanda charges a spread from 0.7 pips EUR/USD and offers commission-free trading.
In terms of trade execution speed, Oanda guarantees that trades are executed within 0.012 seconds. In terms of security and security features, Oanda has strict regulations, advanced risk management, and strict security protocols.
In terms of trading instruments, forex traders can trade the following.
- Forex
- Indices
- Metals
- Commodities
In terms of trading software, Oanda offers the use of MetaTrader 4 and the proprietary OANDA forex trading platform. In terms of research and training, Oanda offers a free newsletter and blog. Oanda also offers the following trading tools, resources, and educational materials:
- Training videos for forex and CFD trading
- Trading guides for beginners, intermediate, and advanced forex traders.
- Trading articles
- Advanced charting
- Market Calendar
- Market Insights
In terms of customer support, Oanda can be contacted through the following channels.
- Telephone
- Live Chat
In terms of the service area, Oanda serves all traders without any known restrictions on any country. In terms of currency types, Oanda supports the following currencies.
- USD
- EUR
- GBP
- CHF
- JPY
- CAD
- SGD
- HKD, and several others.
When compared to other forex brokers, Oanda offers the following unique sides and features.
- Pattern Recognition
- Price Projection
- Module Linking and Algo Lab
- Advanced charting and an OANDA chart forum community, to only name a few.
Oanda is one of the largest forex brokers in the world and is very active in Bosnia and Herzegovina with hundreds of traders. Oanda occupies a large market share in Bosnia and Herzegovina because of its innovative trading technology.
Oanda is a popular choice for Bosnia and Herzegovina despite not offering any privileges to citizens.
To get more information, you can read the Oanda review.
4. FP Markets
FP Markets is a forex trading broker founded in Australia in 2005 by Matthew Murphie. The CEO for FP Markets is Nick Twidale, who has held the position for more than a year since 2020. FP Markets is regulated by ASIC, CySEC, and SVG FSA, and, in terms of employees, FP Markets has between 50 and 100 employees.
In terms of minimum deposits, FP Markets charges $100 when forex traders register for a trading account. FP Markets charges some of the following spreads and commissions.
- Spreads from 0 pips
- Commission charges of $3 per 100k traded.
In terms of trade execution speed, FP Markets guarantees that trades are executed instantly with low latency. In terms of security and security features, FP Markets is a trusted, reputable forex broker and trading platform that guarantees client fund safety.
In terms of trading instruments, forex traders can trade the following.
- Forex
- Commodities
- Indices
- Cryptocurrency
- Metals
- Energies
- Equities
- CFDs
In terms of trading software, FP Markets offers forex traders the following applications:
- IRESS Trading Platform
- MetaTrader 4
- MetaTrader 5
In terms of research and training, FP Markets offers a free newsletter and blog. FP Markets also offers the following trading tools, resources, and educational materials:
- Traders Hub
- Copytrading
- AutoChartist
- Trader Toolbox
- Forex VPS for eligible traders
- MAM/PAMM options
In terms of customer support, FP Markets can be contacted through the following channels.
- Live chat
- Telephone
In terms of the service area, FP Markets serves traders from around the world except for traders from these regions.
- United States
- New Zealand
- Japan
In terms of currency types, FP Markets supports the following currencies.
- USD
- EUR
- GBP
- AUD, and others.
When compared to other forex brokers, FP Markets offers the following unique sides and features.
- Award-winning trading software
- Deep liquidity
- Reliable trade execution speeds
FP Markets is a very active forex broker in Bosnia and Herzegovina with a decent market share and a few hundred registered forex traders from the region. FP Markets does not offer Bosnia and Herzegovina citizens any privileges, but the broker is still a popular choice because of its innovative solutions, powerful trading software, and comprehensive trading solutions.
To get more information, you can read the FP Markets review.
5. Alpari
Alpari is a forex trading broker founded in Russia in 1998 by a small group of professional, experienced investors and traders. The CEO for Alpari is Vladimir Verbitskiy, who has held the position for the past three years since 2018. Alpari is regulated by the Financial Services Commission (FSC) and has an average daily trading volume that exceeds $3 billion.
In terms of users, there are more than 2 million forex traders registered with Alpari, according to official sources. According to trusted sources, Alpari has between 500 and 1,000 employees.
In terms of minimum deposits, Alpari charges $5 when forex traders register for a trading account. Alpari charges some of the following spreads and commissions:
- Spreads from 0.4 pips
- Commission charges from $1.5 per lot per side.
In terms of trade execution speed, Alpari guarantees that trades are executed within 0.06 seconds. In terms of security and security features, Alpari is known for providing a safe and secure trading environment.
In terms of trading instruments, forex traders can trade the following.
- Forex
- Spot Metals
- Spot CFDs
- Cryptocurrencies
In terms of trading software, Alpari offers forex traders the following applications:
- MetaTrader 4
- MetaTrader 5
In terms of research and training, Alpari offers a free newsletter and blog. Alpari also offers the following trading tools, resources, and educational materials:
- Alpari Forex Trading Webinars
- Beginners Guide to Trading
- Forex Trading Strategies
- Commodity Trading Guide
- Precious Metal Trading Guide, and more.
In terms of customer support, Alpari can be contacted through the following channels.
- Telephone
- Live Chat
In terms of the service area, Alpari serves traders from around the world except for traders from these regions.
- United States
- Mauritius
- Japan
- British Columbia
- Quebec, and several other regions.
In terms of currency types, Alpari supports the following currencies.
- USD
- EUR
- GBP
- NGN
When compared to other forex brokers, Alpari offers the following unique sides and features.
- Flexible trading options
- Security and safety of funds
- More than two decades in the industry
Alpari is a very active forex broker in Bosnia and Herzegovina, with hundreds of registered forex traders. Alpari has a large market share compared to other brokers because of its unique solutions and trusted services.
Alpari does not offer any privileges to Bosnia and Herzegovina citizens, but the broker is still a popular choice because of its powerful trading platforms and flexible trading options.
To get more information, you can read the Alpari review.
6. XM
XM is a forex trading broker founded in 2009 and whose CEO is Constantinos Cleanthous, who has held the position for the past few years. XM is regulated by ASIC, CySEC, and IFSC, and it has a market capitalization that exceeds $14.26 billion, according to stock information.
In terms of users, there are more than 3.5 million forex traders registered with XM, according to official sources. According to trusted sources, XM has more than 450 employees.
In terms of minimum deposits, XM charges $5when forex traders register for a trading account. XM charges some of the following spreads and commissions.
- Spreads from 0.0 pips EUR/USD – with variable spread depending on the market conditions and position size of the trader.
In terms of trade execution speed, XM guarantees that 99.35% of trades are executed within a second. In terms of security and security features, XM is a large and reputable forex broker that uses robust security software, procedures, and protocol to ensure client fund security.
In terms of trading instruments, forex traders can trade the following.
- Forex
- Commodities
- Cryptocurrency
- Energies
- CFDs
- Stocks
- Shares
- Indices
- Metals
In terms of trading software, XM offers forex traders a choice between the powerful and user-friendly MetaTrader 4 and its upgrade, MetaTrader 5, through which trades can be executed seamlessly.
In terms of research and training, XM offers a free newsletter and blog. XM also offers the following trading tools, resources, and educational materials:
- Trade-Ideas
- Technical Summaries
- Economic Calendar, and more.
In terms of customer support, XM can be contacted through the following channels.
- Live Chat
- Telephone
In terms of the service area, XM serves traders from around the world except for traders from these regions.
- Canada
- Israel
- Iran
- The United States
In terms of currency types, XM supports the following currencies.
- USD
- EUR
- GBP
- JPY
- AUD
- ZAR
When compared to other forex brokers, XM offers the following unique sides and features.
- A choice of retail account types
- Many bonuses and promotions
- A secure and dynamic trading environment
- A range of educational materials for beginners
- Advanced trading tools for professional traders
XM is a very active forex broker in Bosnia and Herzegovina, with thousands of registered forex traders that use its platform daily. XM has a large market share despite the competition that it faces in the forex market. XM offers Bosnia and Herzegovina citizens the privilege of registering a trading account with truly little capital while offering a range of trading opportunities.
XM is a popular choice for Bosnia and Herzegovina citizens because of its good reputation and comprehensive trading solutions.
To get more information, you can read the XM review.
7. IQ Option
IQ Option is a forex trading broker founded in Cyprus in 2013 by Dimitry Zaretsky. The CEO for IQ Option is Timofey Baranov, who has held the position for the past four years. Cyprus Securities and Exchange Commission (CySEC).
IQ Option records a daily trading volume of more than $3.5 billion, and in terms of users, there are more than 20 million forex traders registered with IQ Option, according to official sources. According to trusted sources, IQ Option has between 10 and 50 employees.
In terms of minimum deposits, IQ Option charges $10 when forex traders register for a trading account. IQ Option charges some of the following spreads and commissions.
- Spreads from 0.1 pips EUR/USD and some other major forex pairs
In terms of trade execution speed, IQ Option guarantees that trades are executed within 0.7 seconds. In terms of security and security features, IQ Option is known for using innovative and updated technology to secure its website and proprietary trading platform.
In terms of trading instruments, forex traders can trade the following.
- Forex
- Options
- Stock CFDs
- ETFs
- Cryptocurrencies
- Commodities
In terms of trading software, IQ Option only has a proprietary trading platform that is available on web browsers, desktop applications, and mobile apps.
In terms of research and training, IQ Option offers the following trading tools, resources, and educational materials:
- Stock Collections
- Industries
- Video Tutorials
In terms of customer support, IQ Option can be contacted through the following channels.
- Telephone
- Live chat
- Telegram
In terms of the service area, IQ Option serves traders from around the world except for traders from these regions.
- United States
- Canada
- Australia
- Palestine, and any other countries on the OFAC list.
In terms of currency types, IQ Option supports the following currencies.
- USD
- GBP
- EUR
- ZAR
- RUB
When compared to other forex brokers, IQ Option stands out by offering innovative trading technology alongside competitive trading conditions that suit the needs and objectives of many traders, despite their trading skill or knowledge.
IQ Option is an active forex broker in Bosnia and Herzegovina, with hundreds of registered traders that are trading on its platform every day. IQ Option has a decent market share compared to other reputable brokers.
While IQ Option may not offer Bosnia and Herzegovina citizens any privileges, it is still a popular choice for traders in this region because of its unique offering.
To get more information, you can read the IQ Option Forex Suggest review.
8. Olymp Trade
Olymp Trade is a forex trading broker founded in 2014 in Saint Vincent and the Grenadines by an unknown entity. The CEO for Olymp Trade is Andreas A., who has held the position for the past several years. Olymp Trade reports a monthly trading volume of $170 million, according to official sources.
In terms of users, there are more than 240,000 forex traders registered with Olymp Trade, according to official sources. According to trusted sources, Olymp Trade has between 10 and 50 employees.
In terms of minimum deposits, Olymp Trade charges $10 when forex traders register for a trading account. Olymp Trade does not charge a spread because of its unique offering but charges commissions that range from between 13.5% and 20%.
In terms of trade execution speed, Olymp Trade guarantees that trades are executed within a few milliseconds. In terms of security and security features, Olymp Trade uses 256-bit SSL technology to encrypt data and information on the website and trading platform.
In terms of trading instruments, forex traders can trade the following.
- Forex
- Cryptocurrencies
- US Stocks
- Commodities
- Indices
In terms of trading software, Olymp Trade only has a proprietary trading platform that can be used in combination with a trading account. In terms of research and training, Olymp Trade offers the following trading tools, resources, and educational materials:
- Trading Signals
- Daily Review
- Weekly Review
- 250 Videos of past webinars
- Articles
In terms of customer support, Olymp Trade can be contacted through the following channels.
- Telephone
- Live Chat
In terms of the service area, Olymp Trade serves traders from around the world except for traders from these regions.
- The United Kingdom (UK)
- The United States (US)
In terms of currency types, Olymp Trade supports the following currencies.
- EUR
- RUB
- BRL
- USD
When compared to other forex brokers, Olymp Trade offers the following unique sides and features.
- Valuable insights from experts
- Powerful proprietary trading platform and technology
- Range of webinars and educational materials
- Range of tradable financial instruments
Olymp Trade is active in Bosnia and Herzegovina with hundreds of registered forex traders that use its services and solutions. Olymp Trade has a decent good market share which is shared alongside other competitors in the industry. There are no privileges offered to Bosnia and Herzegovina citizens other than a range of markets and a proprietary trading platform.
Olymp Trade is a popular choice for Bosnia and Herzegovina citizens because of its powerful trading software, security, and award-winning trading solutions.
To get more information, you can read the Olymp Trade Forex Suggest review.
Forex Trading in Bosnia and Herzegovina
Because there is rapid development in trading technology and more countries are gaining access to reliable internet, there are more forex traders who are emerging in forex trading and several other markets.
The official currency of Bosnia and Herzegovina is the Bosnia and Herzegovina convertible market or BAM, which was established in 1995 and among the many currencies traded in the forex market.
Forex traders who are based in Bosnia and Herzegovina have easy access to the forex markets because of technological innovations. Another factor that makes it easier for Bosnia and Herzegovina citizens to start trading is that there are more forex brokers accepting traders from these and many other less developed regions.
Bosnia and Herzegovina forex traders are offered a range of tradable financial instruments, some of the best trading platforms in the world, and trading conditions that are suited to the trading needs and objectives of both beginners and professional traders.
What should be known for Forex Trading in Bosnia and Herzegovina
The foreign exchange reserves in Bosnia and Herzegovina have shown significant increases from 14058 BAM Million in May to 14180 BAM Million by June this year. These reserves are foreign assets that are controlled by the central bank in the country, consisting of gold or a specific currency.
These reserves are also considered special drawing rights as well as marketable securities that are denominated in foreign currencies such as treasury bills, government bonds, corporate bonds and equities, and foreign currency loans.
Even though the retail trade growth in Bosnia and Herzegovina slowed to 13.5% Year-on-year because of economic and financial challenges, there are still many Bosnia and Herzegovina citizens who partake in the forex market daily.
Who are the Forex Regulators in Bosnia and Herzegovina?
The forex regulators in Bosnia and Herzegovina are the following.
- Banking Agency of Republika Srpska
- Banking Agency of the Federation of Bosnia and Herzegovina
Is Forex Trading legal in Bosnia and Herzegovina?
Yes, Forex trading is legal in Bosnia and Herzegovina.
How many Forex Traders are there in Bosnia and Herzegovina?
The total number of forex traders for Bosnia and Herzegovina is not given by official sources, but there are more than 2.1 million forex traders based in Europe.
What do Bosnia and Herzegovina’s citizens think about Forex Trading?
Bosnia and Herzegovina citizens are active participants in the forex market, with thousands that use the services of the brokers mentioned on this list. These citizens regard the forex market as a lucrative opportunity to make profits while trading in a variety of financial instruments.
Best Forex Brokers for Beginners in Bosnia and Herzegovina
The best forex brokers for beginners in Bosnia and Herzegovina are:
- XM
- FP Markets
- Alpari
- IQ Option
- Blackbull Markets
These brokers are well-known as the best for beginners because of their range of educational materials, provision of demo accounts, and dedicated customer support.
Best Forex Brokers for Experts in Bosnia and Herzegovina
The best forex brokers for Experts in Bosnia and Herzegovina are:
- Olymp Trade
- Blackbull Markets
- Windsor Brokers
- Oanda
- Alpari
These forex brokers are the best for expert traders in Bosnia and Herzegovina because of the advanced trading tools that they offer, the range of tradable instruments offered, and the wide variety of trading strategies that are supported.
Best Forex Brokers for Other Countries
The best forex brokers for Croatia are:
- FxPro
- AvaTrade
- Saxo Bank
- IC Markets
- Swissquote
The best forex brokers for Montenegro are:
- Trading 212
- easyMarkets
- eToro
- ExpertOption
- OctaFX
The best forex brokers for Serbia are:
- FBS
- FXTM
- XTB
- RoboForex
- FP Markets
The best forex brokers for Slovenia are:
- NordFX
- HotForex
- eToro
- IC Markets
- FP Markets
Table of Contents
