We found 11 online brokers that are appropriate for Trading Libya.
We have conducted extensive research and analysis on over multiple data points on Libya Brokers to present you with a comprehensive guide that can help you find the most suitable Libya Brokers. Below we shortlist what we think are the best libya brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Libya Brokers.
When trading in Libya you will need to chec what your options with your Libya trading broker are.
We list below the various regulated trading account types available to traders in Libya. If you are looking for a trading platform or broker in Libya that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Libya broker guide will explain the things you should check and be aware of before you invest.
You've probably noticed how Forex trading is really taking off in Libya, right? Over the past half-dozen years or so, the trading volume in Libya has been on a steady climb. It's like everyone in Libya is getting in on the action. But traders in Libya must understand the risks.
Across the world $7.5 trillion USD in volume is traded every single day. Commodities global trading volume is around $380 million USD a day. Global stock markets trading volume is around 460 million USD a day.
Modern software, more affordable mobile devices in Libya and higher internet uptake in Libya has increased competition for new trading clients among brokerages in Libya, which has opened Forex trading to a new audience.
There's this common myth floating around that diving into Forex trading in Libya is illegal, this is not the case, but Forex trading in Libya is risky. Forex trading in Libya is not a get rich quick scheme, you will be competing with people not just in Libya, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Libya that's not just reputable but also strictly regulated and allowed to offer services to traders in Libya.
Trading in Forex is allowed in Libya as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Libya and investing internationally. Libya Forex trading is not banned, their are many top-notch international online brokers available to traders in Libya offering regulated trading environments.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Libya the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in Libya. You've must file taxes in Libya even if the markets chewed you up and you spat out losses this year. Also in Libya you can't claim any trading losses against your personal income taxes, unfortunately. Don't just wing it - get yourself some solid advice from a qualified tax pro in Libya who knows the ins and outs of the tax labyrinth in Libya. In Libya, Islamic accounts are not restricted.
Here in Libya, the crypto scene is still pretty new, and cryptocurrency in Libya is getting more and more tangled up in the local financial regulatory rule in Libya. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Libya, they're not as rattled by interest rate shifts or the political drama in Libya that's always on the news. Crypto in Libya is a different beast altogether.
You know, with the surge of younger traders in Libya, who are not only tech-savvy but also starting to speculate with decent money in Libya, there's a noticeable shift happening in Libya towards the crypto market (which is highly volitle and high risk in Libya). Cryptocurrency traders in Libya contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.
In Libya commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Libya since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Libya are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Libya here.
Libya brokers support Islamic accounts or swap-free accounts. Libya Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Libya offer accounts that are suitable for Islamic traders. These Libya brokers complies with Sharia law.
Libya economy and population is growing. The middle class population in Libya is increasing which means a growing consumer base. Many business and financial opportunities exist in Libya. Libya has a young population educated in technology and the internet.
Libya digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Libya guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. Libya Brokers offering high leverage trades in Libya can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Libya brokers offer as a level of protection. you can learn more about further below on this guide.
Selecting a reliable and reputable online Libya trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Libya more confidently.
Selecting the right online Libya trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable Libya broker if you wish your broker to be 100% local check they are governed and regulated by the below.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for libya trading, it's essential to compare the different options available to you. Our libya brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a libya broker that best suits your needs and preferences for libya. Our libya broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Libya Brokers (LY).
Compare libya brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a libya broker, it's crucial to compare several factors to choose the right one for your libya needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are libya brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more libya brokers that accept libya clients.
Broker | IC Markets | Roboforex | XTB | XM | AvaTrade | FP Markets | NordFX | SpreadEx | FXPro | Plus500 | Admiral |
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locality | IC Markets accept Libya clients | Roboforex accept Libya clients | XTB accept Libya clients | XM accept Libya clients | AvaTrade accept Libya clients | FP Markets accept Libya clients | NordFX accept Libya clients | SpreadEx accept Libya clients | FxPro accept Libya clients | Plus500 accept Libya clients | Admiral Markets accept Libya clients |
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | 100 | 100 | 1 | 1 | 100 | 100 | 200 |
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Used By | 180,000+ | 1,000,000+ | 935,000+ | 10,000,000+ | 300,000+ | 10,000+ | 10,000+ | 10,000+ | 1,866,000+ | 24,000,000+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with nordfx |
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Up with spreadex |
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Up with fxpro |
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Up with plus500 |
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Up with admiralmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
SpreadEx Demo |
FxPro Demo |
Plus500 Demo |
Admiral Markets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, TR | US, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, CA, JP, SG, MY, JM, IR, TR |
You can compare Libya Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Libya Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Libya brokers below.