We found 11 online brokers that are appropriate for Trading Myanmar Brokers Platforms.
The burgeoning financial market in Myanmar is attracting attention from investors worldwide. With an increasing interest in forex trading, stock trading, and potentially CFDs (Contracts for Difference), navigating the landscape of Myanmar brokers can be complex. This guide delves into critical considerations when choosing a broker, from well-established global players to popular online brokers in Myanmar. We'll explore factors like the availability of regulated brokers, mobile trading platforms, minimum deposit requirements, and potential inactivity fees associated with dormant accounts. Many traders in Myanmar use established well regulated international brokers as the local Myanmar financial and regulatory markets are still evolving. Myanmar traders now have access to global stocks, indices, commodities, Forex, CFDs, ETFs and crypto as well as alternative investment options like the local YSX or mutal funds.
Disclaimer: While the information provided about the financial market in Myanmar is comprehensive, it is not intended as financial advice. Users in Myanmar should consult with a qualified financial advisor familiar with local regulations and market conditions before making any investment decisions. Using CFD platforms offered by Myanmar brokers might be particularly risky and is not for new traders.
Choose a well-established global broker available in Myanmar, with a strong track record amongst experienced real traders in regulated markets.
IC Markets is an excellent choice for traders in Myanmar who seek high performance and reliability. It offers advanced trading platforms such as MT4, MT5, cTrader, and TradingView, ensuring fast execution with minimal latency. IC Markets is known for its tight spreads across a wide range of financial instruments including Forex, commodities, indices, and cryptocurrencies. The platform is user-friendly, making it suitable for both beginners and experienced traders. IC Markets also provides robust customer support and free low latency VPS, enhancing the overall trading experience.
RoboForex offers traders in Myanmar a flexible and competitive trading environment with high leverage and ultra-tight spreads starting from zero. The platform supports MT4 and MT5, providing a seamless trading experience on various devices. RoboForex is known for its intuitive design, making it accessible for traders of all levels. It also offers excellent customer support, ensuring traders can get help whenever needed. With features like EA scripting and swift execution, RoboForex is ideal for those looking to capitalize on rapid market movements.
XM is a well-rounded broker for traders in Myanmar, known for its strong customer support and diverse range of account types. It offers various trading instruments and a user-friendly platform, making it suitable for traders of all levels. XM is regulated by ASIC, CySEC, and the IFSC, ensuring a high degree of regulatory oversight. Its customer support is highly responsive, providing traders with the help they need promptly.
Pepperstone is a popular choice for traders in Myanmar due to its commitment to customer satisfaction and wide range of trading options. The platform is user-friendly, making it accessible for both new and experienced traders. Pepperstone offers robust customer support and comprehensive educational resources, ensuring traders can improve their skills and get assistance when needed. Regulated by the FCA and ASIC, it provides a secure and reliable trading environment.
AvaTrade is a versatile broker for traders in Myanmar, offering numerous funding and withdrawal options. Its mobile app, AvaTradeGo, and the social trading platform, AvaSocial, provide a convenient and community-driven trading experience. AvaTrade's platform is user-friendly, making it suitable for traders of all levels. The broker also offers excellent customer support and a wide range of trading instruments, all within a commission-free structure.
FP Markets combines advanced technology with trading, offering enhanced MT4 and MT5 platforms for traders in Myanmar. The platform is user-friendly and features competitive spreads and a variety of trading options. FP Markets provides excellent customer support, ensuring traders can get help whenever needed. It is ideal for traders who demand cutting-edge technology and cost efficiency in their trading approach.
Currently, there is no established regulatory framework for stock brokers in Myanmar. The country's sole stock exchange, the Yangon Stock Exchange (YSX), is still developing. However, the Central Bank of Myanmar (CBM) oversees the financial sector, and stockbroker regulations are expected to be implemented in the future. This lack of regulations can concern some investors, so choosing brokers with a strong global presence and a proven track record in other regulated markets is crucial.
The Yangon Stock Exchange (YSX) is Myanmar's sole stock exchange, playing a crucial role in the country's developing financial market. Although relatively small compared to global counterparts, the YSX lists a growing number of companies across various sectors, including finance, manufacturing, and services. Trading on the YSX is conducted on weekdays, from Monday to Friday, with trading hours from 9:30 AM to 1:00 PM local time. The exchange aims to provide a transparent and efficient platform for investors while supporting the economic growth of Myanmar.
Since the stockbroking industry in Myanmar is still evolving, online brokers have no standardized fee structure. However, you can expect fees to be similar to those online brokers charge in other developing economies. These fees might include:
Trading commissions: A per-share or per-trade fee for buying and selling stocks.
Account fees: Some brokers might charge monthly or annual account maintenance fees.
Custody fees: Fees associated with holding your securities with the broker.
Inactivity fees: These are charged to accounts that haven't been used for a specific period.
Before opening a trading account, carefully compare the fee structures of different brokers in Myanmar. Look for brokers with transparent fee schedules and consider those that offer low trading fees and minimum deposits suitable for new investors.
Currently, there's no dedicated commodity exchange in Myanmar. However, some well-established forex brokers with a global presence might offer access to commodity trading through CFDs (Contracts for Difference). This lets you speculate on price movements of commodities like gold, oil, or agricultural products without physically owning the underlying asset.
However, CFD trading carries significant risks and is best suited for experienced traders who understand the complexities. If you're interested in commodity trading, thoroughly research the CFD offerings of forex brokers in Myanmar and ensure they are regulated by well-established financial authorities like the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).
With increasing forex brokers offering services in Myanmar, comparing their commission structures is crucial for finding the best fit for your trading needs.
Forex brokers primarily generate revenue through spreads (the difference between a currency pair's buy and sell price) and commissions (charged per trade). Compare the spreads and commission structures offered by different brokers. Look for brokers with tight spreads on your preferred currency pairs.
Most forex brokers in Myanmar offer multiple account types, each with varying minimum deposits, trading features, and commission structures. Choose an account type that aligns with your experience level and investment goals. Some brokers might offer professional accounts with lower fees but require a higher minimum deposit.
The trading platform offered by a forex broker significantly impacts your trading experience. Compare the features of different platforms, including the user interface, charting tools, available order types, and access to market analysis. Look for platforms with a user-friendly interface, especially if you're a new trader.
Many forex brokers in Myanmar offer free demo accounts, allowing you to test their platform and practice trading with virtual funds before committing real money. Utilize these demo accounts to compare the trading experience different brokers offer.
The ETF market in Myanmar is still in its early stages. Currently, no known brokers in Myanmar specialize solely in ETF products. However, some popular global forex brokers in Myanmar might offer a limited selection of ETFs for trading alongside forex and other instruments.
If you're interested in trading ETFs, you should consider established global brokers with diverse ETFs listed on their platforms. Look for brokers with access to major stock exchanges like the US or European markets, offering great trading platforms and a more comprehensive selection of ETFs to suit your investment goals.
The legal status of cryptocurrency trading in Myanmar is currently unclear and is always evolving so you must stay updated on the latest crypto regulations in Myanmar. While the Central Bank of Myanmar (CBM) hasn't explicitly banned cryptocurrencies, it has warned about their risks. As a result, there are currently no licensed brokers in Myanmar specifically for cryptocurrency trading.
If you're considering trading cryptocurrencies, exercise caution. Avoid brokers in Myanmar that solely offer cryptocurrency trading, as they might be unregulated and pose a high risk of fraud. Look for established global brokers with a strong presence in regulated markets and a proven security track record. These brokers typically employ robust security measures like two-factor authentication, and segregated client accounts to protect your funds.
Some established global brokers might offer cryptocurrency trading for users in and outside of Myanmar. However, we must emphasize the associated high risks because of cryptocurrency volatility and the importance of using a regulated broker.
CFD trading is a complex financial instrument that carries significant risks. Here are some key risks to consider before using CFD platforms offered by brokers in Myanmar:
Leverage: CFDs allow traders to leverage their positions, potentially amplifying profits and losses. Leverage can lead to significant financial losses, especially for inexperienced traders.
Margin calls: When trading on margin with CFDs, you might receive a margin call if your account balance falls below a certain threshold. This requires you to deposit additional funds to maintain your position, or the broker may forcefully close your position, leading to potential losses.
Volatility: The underlying assets of CFDs, like currencies or commodities, can be highly volatile.
Before using CFD trading platforms offered by Myanmar brokers, ensure you fully understand the risks involved. Start with a low deposit and only trade CFDs if you have a strong understanding of the financial markets and a high tolerance for risk. Consider seeking guidance from a qualified financial advisor before venturing into CFD trading.
Tax regulations concerning investment activities in Myanmar are still evolving. There's no specific capital gains tax on stock or forex trading profits. However, income generated through these activities might be subject to general income tax. It's advisable to consult with a Myanmar tax advisor to understand the tax implications based on your residency status and investment activities.
When choosing a forex broker in Myanmar, consider those who provide clear information on tax implications associated with trading. Look for brokers who can provide tax withholding certificates or other relevant documentation to assist you in filing your tax returns. Consult a local Myanmar tax professional for the latest information relevant to you.
The educational resources offered by forex brokers in Myanmar can vary significantly. Some well-established global forex brokers might offer a comprehensive library of educational resources, including:
Webinars and seminars: These sessions cover various topics related to forex trading, from market analysis to risk management strategies.
Trading guides and tutorials: These resources provide a step-by-step introduction to forex trading concepts and strategies.
Video tutorials: Video tutorials offer a visually engaging way to learn about forex trading basics and advanced techniques.
Glossary of terms: A glossary explains vital forex trading terms and concepts.
However, not all brokers in Myanmar prioritize investor education. Choosing a broker that offers resources tailored to your experience level is crucial. Look for brokers with educational materials suitable for beginners and more experienced traders, such as interactive tutorials and clearly explained trading concepts.
Finding reliable reviews and ratings of forex brokers in Myanmar can be challenging due to inactivity and the developing nature of the market.
Several independent websites review and compare forex brokers globally. These websites analyze factors like trading platforms, fees, customer service, and educational resources. Look for reviews from reputable websites with a strong track record of unbiased evaluations.
Financial news websites often publish articles or comparisons of forex brokers. These resources can provide valuable insights into the strengths and weaknesses of different brokers in Myanmar.
Some forex brokers might showcase client testimonials on their websites. While these can be helpful, it's essential to consider that they might be biased towards positive experiences.
Don't solely rely on a single source of information. Make an informed decision by combining online reviews, news articles, and broker comparisons.
The legal status of forex trading in Myanmar is currently unclear. No specific regulations explicitly prohibit forex trading activities. However, the Central Bank of Myanmar (CBM) hasn't issued any licenses for forex brokers operating within the country. This lack of clear regulations can cause concern for some investors.
Since forex trading in Myanmar isn't explicitly legalized or regulated, investors have a higher risk. Without a regulatory framework, investor protection in disputes with a forex broker is not guaranteed.
The absence of regulations might attract unlicensed brokers operating in Myanmar. These brokers might not adhere to best practices or have robust security measures, posing a risk to your funds.
If you're considering forex trading in Myanmar, exercise caution. Choose a well-established global forex broker. Look for brokers with a strong presence in regulated markets, such as those overseen by the Financial Services Commission (FSC) in the British Virgin Islands or CySEC in Cyprus. These brokers typically adhere to stricter regulations and offer investor protection schemes.
Also, focus on transparency. Choose a broker that provides transparent information about their fees, trading instruments offered, and withdrawal options. Be wary of brokers with hidden fees or complex terms and conditions.
There are no known brokers in Myanmar that specifically offer stock trading on international exchanges. Stock trading in Myanmar is primarily focused on the Yangon Stock Exchange (YSX), which is still in its early stages of development.
Several well-established global forex brokers offer stock trading capabilities alongside forex and other instruments. These brokers might provide access to major stock exchanges worldwide, allowing you to trade stocks listed in the US, Europe, or other developed markets.
Here are some key factors to consider when choosing a broker for trading international stocks through a Myanmar-based service (assuming the broker offers this):
Commissions and fees: Compare the commission structures and fees for trading stocks on international exchanges. Look for brokers with competitive fees, especially if you plan on frequent trading.
Account types: Some brokers might offer different account types catering to various investor needs. Choose an account that aligns with your investment goals and trading experience.
Trading platform: The broker should be user-friendly and offer tools for analyzing international stocks, including real-time quotes, charting tools, and research capabilities.
Social trading features are not yet standard among Myanmar's top forex brokers. The forex brokerage landscape in Myanmar is still evolving, and many brokers prioritize core functionalities like reliable trading platforms and access to currency pairs.
The Myanmar forex market is still in its early stages. There might not be a significant demand for social trading features yet, as many investors might focus on building their foundational knowledge.
The lack of clear regulations surrounding forex trading in Myanmar might make some brokers hesitant to implement social trading features. Social trading platforms can involve copying the trades of other users, which could be seen as a form of investment advice. Without a clear regulatory framework, brokers might be cautious about offering such services.
However, this doesn't mean social trading opportunities are entirely unavailable in Myanmar. Here are some alternative options to consider:
Well-established global brokers: Some well-established global forex brokers in Myanmar might offer social trading platforms alongside their core forex trading services. These platforms can connect you with a diverse range of experienced traders across global markets, allowing you to observe their strategies and potentially copy their trades if they align with your investment goals.
Research and analysis tools: Most local and international brokers offer some research and analysis tools on their platforms. Utilize these tools to learn from successful traders by studying their past trades and market commentary.
If you choose a global broker for social trading features, ensure they are regulated by a reputable financial authority like CySEC or the UK's Financial Conduct Authority (FCA). This provides investor protection and ensures the broker adheres to best practices.
Don't unthinkingly copy other traders' moves. Conduct your research, understand the risks involved, and only copy trades that align with your risk tolerance and investment goals.
Remember, social trading can be a valuable tool, but it's not a guaranteed path to success. Always prioritize your knowledge and responsible trading practices.
Choosing the best broker in Myanmar depends on your needs and investment goals. This guide has equipped you with crucial information on factors to consider, from bank transfer deposit options and withdrawal fees to the importance of staying informed about the ever-evolving financial landscape in Myanmar. Remember, there's no single 'best broker' – it's about finding one that aligns with your experience level, investment goals, and preferred features like mobile trading or low minimum deposits. By carefully considering the various aspects covered here, you can make an informed decision and confidently embark on your investment journey.
We have conducted extensive research and analysis on over multiple data points on Myanmar Brokers to present you with a comprehensive guide that can help you find the most suitable Myanmar Brokers. Below we shortlist what we think are the best Myanmar Brokers Trading Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Myanmar Brokers.
Selecting a reliable and reputable online Myanmar Brokers Trading Platforms 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 Myanmar Brokers Trading Platforms more confidently.
Selecting the right online Myanmar Brokers Trading Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
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 Myanmar Brokers Trading Platforms trading, it's essential to compare the different options available to you. Our Myanmar Brokers Trading Platforms 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 Myanmar Brokers Trading Platforms broker that best suits your needs and preferences for Myanmar Brokers Trading Platforms. Our Myanmar Brokers Trading Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Myanmar Brokers Trading Platforms.
Compare Myanmar Brokers Trading Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Myanmar Brokers Trading Platforms broker, it's crucial to compare several factors to choose the right one for your Myanmar Brokers Trading Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Myanmar Brokers Trading Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Myanmar Brokers Trading Platforms that accept Myanmar Brokers Trading Platforms clients.
Broker | IC Markets | Roboforex | XTB | XM | AvaTrade | FP Markets | SpreadEx | FXPro | Admiral | Trading212 | forexmart |
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | 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) (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 | 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) | 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) | FCA (Financial Conduct Authority) (609146), ASIC (Australian Securities and Investments Commission) (541122), FSC (Financial Supervision Commission, Bulgaria) (RG-03-0237), CySEC (Cyprus Securities and Exchange Commission) (398/21) | Instant Trading EU Ltd CySEC (Cyprus Securities and Exchange Commission) (266/15), Finateqs Corp (137723) Belize |
Min Deposit | 200 | 10 | No minimum deposit | 5 | 100 | 100 | No minimum deposit | 100 | 1 | 1 | 15 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 200,000+ | 60,000+ | 7,800,000+ | 30,000+ | 3,000,000+ | 10,000+ |
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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, 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) | 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 | Web Trader, Mobile Apps, iOS (App Store), Android (Google Play) | Web Trading, MT4, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with forexmart |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 75-83% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 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 | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. | Your capital is at risk |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
AvaTrade Demo |
FP Markets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
Trading 212 Demo |
ForexMart 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, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | US, CA | RU |
You can compare Myanmar Brokers Trading Platforms 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 Myanmar Brokers Trading Platforms for 2025 article further below. You can see it now by clicking here
We have listed top Myanmar Brokers Trading Platforms below.