We found 11 online brokers that are appropriate for Trading Mongolia.
Mongolia's financial market is experiencing rapid growth, attracting both local and international traders. However, navigating this emerging market requires an understanding of its unique characteristics and challenges. Choosing the right broker is a crucial step for anyone looking to trade in Mongolia, as the broker you select can significantly influence your trading experience and success. This guide aims to provide a clear and concise overview of the Mongolian trading landscape, helping you select the broker that best meets your needs.
Here’s a closer look at some leading brokerage firms in Mongolia, comparing their key features and offerings.
IC Markets stands out for traders in Mongolia who prioritize speed and precision in their trades. It offers access to advanced platforms like MT4, MT5, cTrader, and TradingView, all optimized for fast execution with average latency of just 40ms. This makes it an ideal broker for traders looking for minimal delays, especially when trading Forex or cryptocurrencies. Mongolian traders will appreciate IC Markets' tight spreads and access to a variety of financial instruments, as well as features like free VPS hosting and automated trading options, perfect for day traders and scalpers.
RoboForex is an attractive option for Mongolian traders seeking high leverage and ultra-tight spreads. With spreads starting from zero, this broker is designed for those looking to maximize returns through fast and flexible trading. RoboForex supports popular trading platforms such as MT4 and MT5, ensuring that traders can operate from any device. It also offers useful tools like Expert Advisor (EA) scripting for automated trading, making it a powerful option for traders who want to capitalize on rapid market movements. However, high leverage comes with increased risks, so traders need to be cautious when using these features.
XTB is an excellent broker for Mongolian traders who value thorough market research and educational tools. Offering extensive resources for both beginner and professional traders, XTB helps users develop their trading skills and strategies. It provides access to a wide range of research tools, perfect for those who like to delve deep into market analysis. Regulated by the FCA and CySEC, XTB ensures a secure and compliant environment, making it a reliable choice for traders in Mongolia who prioritize safety and education in their trading journey.
XM offers Mongolian traders a well-rounded platform with a focus on customer support and accessibility. With a variety of account types and trading instruments, XM caters to traders of all levels. Mongolian traders will benefit from XM’s reliable customer service and access to numerous trading assets. Regulated by ASIC, CySEC, and IFSC, XM ensures a high level of regulatory oversight, making it a safe and trustworthy broker for traders seeking a balanced and supportive trading experience.
Pepperstone is a top choice for Mongolian traders who appreciate a broker with a diverse range of trading options and a strong focus on customer satisfaction. Offering access to a wide variety of asset classes, including Forex, commodities, and indices, Pepperstone caters to both beginners and experienced traders. Regulated by the FCA and ASIC, Pepperstone provides a secure trading environment while offering competitive spreads and fast execution times, making it an attractive option for traders in Mongolia who value efficiency and security.
For Mongolian traders who value flexibility and a community-driven trading experience, AvaTrade stands out as a top broker. Offering a variety of funding and withdrawal methods, AvaTrade ensures convenience for traders. Its AvaTradeGo mobile app and AvaSocial platform allow traders to stay connected and share strategies with others, making trading a collaborative effort. With a wide range of instruments and a commission-free structure, AvaTrade is an ideal choice for traders in Mongolia looking for cost-effective and socially engaging trading solutions.
FP Markets is a great option for Mongolian traders who demand cutting-edge technology and efficient trading platforms. Offering enhanced features on MetaTrader 4 and 5, FP Markets allows traders to optimize their strategies with precision. With competitive spreads and a wide selection of trading instruments, FP Markets caters to traders who seek a balance between technology and cost efficiency. This broker is an excellent choice for those in Mongolia looking for a high-tech, customizable trading experience.
The Financial Regulatory Commission (FRC) oversees Mongolia's financial market, ensuring brokers adhere to legal standards that provide a level of security and trust for traders. Familiarity with the regulatory environment is essential when selecting a compliant and reliable broker.
Mongolia’s market, though relatively small, offers unique investment opportunities, particularly in the mining and natural resources sectors. These sectors have been the backbone of Mongolia's economy, with substantial contributions from coal, copper, and gold production. However, beyond these traditional sectors, traders should consider exploring other areas with high growth potential, such as technology, renewable energy, and agriculture. Mongolia's vast and unexploited land is also promising for large-scale agricultural projects, which can yield significant returns as global demand for food increases.
For investors seeking steady income, dividend-paying stocks in Mongolia's market could be an attractive option. Companies in sectors such as telecommunications, utilities, and banking may offer regular dividends, providing a consistent return on investment even in volatile markets.
Foreign investment in Mongolia is subject to specific regulations that aim to balance the interests of investors and safeguard national interests. These regulations include:
Understanding these regulations is critical for foreign investors to ensure compliance and avoid potential legal complications when investing in Mongolia.
Technology plays an increasingly vital role in Mongolia’s financial market. The adoption of online trading platforms and mobile investing apps has made it easier for traders to access markets and manage their investments. These tools offer convenience and efficiency, allowing both local and international investors to participate in Mongolia's financial markets with greater flexibility.
While opportunities exist, trading in Mongolia carries risks, including market volatility, political instability, and low liquidity. It is vital for traders to be aware of these risks and develop strategies to manage them effectively.
When comparing Mongolia to other regional financial markets like Kazakhstan and Uzbekistan, several unique aspects emerge:
A good trading platform should provide real-time data, efficient order execution, and easy access to various markets. It should also be intuitive to use, even for beginners.
With the growing need for flexibility, a mobile trading app is a significant advantage, allowing you to monitor and execute trades on the go.
Advanced charting tools and technical analysis capabilities are crucial for traders who rely on data-driven decisions. Ensure the platform you choose has these features.
Order execution speed can impact your trading outcomes. A platform with fast execution ensures your trades are processed quickly, reducing the risk of slippage.
Security protocols such as encryption and two-factor authentication (2FA) are essential to protect your account and personal data.
Choosing the right broker in Mongolia requires thorough research and careful consideration of various factors, including regulatory compliance, platform features, and fees. By taking the time to understand the market and evaluate your options, you can make an informed decision that aligns with your trading goals. Remember, thorough research is the cornerstone of successful trading.
We have conducted extensive research and analysis on over multiple data points on Mongolia Brokers to present you with a comprehensive guide that can help you find the most suitable Mongolia Brokers. Below we shortlist what we think are the best mongolia brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Mongolia Brokers.
When trading in Mongolia you will need to chec what your options with your Mongolia trading broker are.
We list below the various regulated trading account types available to traders in Mongolia. If you are looking for a trading platform or broker in Mongolia that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Mongolia 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 Mongolia, right? Over the past half-dozen years or so, the trading volume in Mongolia has been on a steady climb. It's like everyone in Mongolia is getting in on the action. But traders in Mongolia 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 Mongolia and higher internet uptake in Mongolia has increased competition for new trading clients among brokerages in Mongolia, which has opened Forex trading to a new audience.
There's this common myth floating around that diving into Forex trading in Mongolia is illegal, this is not the case, but Forex trading in Mongolia is risky. Forex trading in Mongolia is not a get rich quick scheme, you will be competing with people not just in Mongolia, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Mongolia that's not just reputable but also strictly regulated and allowed to offer services to traders in Mongolia.
Trading in Forex is allowed in Mongolia as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Mongolia and investing internationally. Mongolia Forex trading is not banned, their are many top-notch international online brokers available to traders in Mongolia offering regulated trading environments.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Mongolia the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in Mongolia. You've must file taxes in Mongolia even if the markets chewed you up and you spat out losses this year. Also in Mongolia 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 Mongolia who knows the ins and outs of the tax labyrinth in Mongolia. In Mongolia, Islamic accounts are not restricted.
Here in Mongolia, the crypto scene is still pretty new, and cryptocurrency in Mongolia is getting more and more tangled up in the local financial regulatory rule in Mongolia. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Mongolia, they're not as rattled by interest rate shifts or the political drama in Mongolia that's always on the news. Crypto in Mongolia is a different beast altogether.
You know, with the surge of younger traders in Mongolia, who are not only tech-savvy but also starting to speculate with decent money in Mongolia, there's a noticeable shift happening in Mongolia towards the crypto market (which is highly volitle and high risk in Mongolia). Cryptocurrency traders in Mongolia contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.
In Mongolia commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Mongolia 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 Mongolia are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Mongolia here.
Mongolia brokers support Islamic accounts or swap-free accounts. Mongolia 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 Mongolia offer accounts that are suitable for Islamic traders. These Mongolia brokers complies with Sharia law.
Mongolia economy and population is growing. The middle class population in Mongolia is increasing which means a growing consumer base. Many business and financial opportunities exist in Mongolia. Mongolia has a young population educated in technology and the internet.
Mongolia 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 Mongolia 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. Mongolia Brokers offering high leverage trades in Mongolia 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 Mongolia brokers offer as a level of protection. you can learn more about further below on this guide.
Selecting a reliable and reputable online Mongolia 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 Mongolia more confidently.
Selecting the right online Mongolia 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 Mongolia 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 mongolia trading, it's essential to compare the different options available to you. Our mongolia 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 mongolia broker that best suits your needs and preferences for mongolia. Our mongolia broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Mongolia Brokers (MN).
Compare mongolia brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a mongolia broker, it's crucial to compare several factors to choose the right one for your mongolia needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are mongolia brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more mongolia brokers that accept mongolia clients.
Broker |
IC Markets
![]() |
Roboforex
![]() |
XTB
![]() |
XM
![]() |
Pepperstone
![]() |
AvaTrade
![]() |
FP Markets
![]() |
EasyMarkets
![]() |
SpreadEx
![]() |
FXPro
![]() |
Admiral
![]() |
---|---|---|---|---|---|---|---|---|---|---|---|
Rating | |||||||||||
locality | IC Markets accept Mongolia clients | Roboforex accept Mongolia clients | XTB accept Mongolia clients | XM accept Mongolia clients | Pepperstone accept Mongolia clients | AvaTrade accept Mongolia clients | FP Markets accept Mongolia clients | easyMarkets accept Mongolia clients | SpreadEx accept Mongolia clients | FxPro accept Mongolia clients | Admiral Markets accept Mongolia clients |
Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. 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) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 | 1 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 30,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Sign
Up with admiralmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% 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. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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 | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR |
You can compare Mongolia 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 Mongolia Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Mongolia brokers below.