We found 11 online brokers that are appropriate for Trading Myanmar.
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 after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Myanmar Brokers.
When trading in Myanmar you will need to chec what your options with your Myanmar trading broker are.
We list below the various regulated trading account types available to traders in Myanmar. If you are looking for a trading platform or broker in Myanmar that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Myanmar 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 Myanmar, right? Over the past half-dozen years or so, the trading volume in Myanmar has been on a steady climb. It's like everyone in Myanmar is getting in on the action. But traders in Myanmar 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 Myanmar and higher internet uptake in Myanmar has increased competition for new trading clients among brokerages in Myanmar, which has opened Forex trading to a new audience.
There's this common myth floating around that diving into Forex trading in Myanmar is illegal, this is not the case, but Forex trading in Myanmar is risky. Forex trading in Myanmar is not a get rich quick scheme, you will be competing with people not just in Myanmar, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Myanmar that's not just reputable but also strictly regulated and allowed to offer services to traders in Myanmar.
Trading in Forex is allowed in Myanmar as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Myanmar and investing internationally. Myanmar Forex trading is not banned, their are many top-notch international online brokers available to traders in Myanmar offering regulated trading environments.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Myanmar the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in Myanmar. You've must file taxes in Myanmar even if the markets chewed you up and you spat out losses this year. Also in Myanmar 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 Myanmar who knows the ins and outs of the tax labyrinth in Myanmar. In Myanmar, Islamic accounts are not restricted.
Here in Myanmar, the crypto scene is still pretty new, and cryptocurrency in Myanmar is getting more and more tangled up in the local financial regulatory rule in Myanmar. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Myanmar, they're not as rattled by interest rate shifts or the political drama in Myanmar that's always on the news. Crypto in Myanmar is a different beast altogether.
You know, with the surge of younger traders in Myanmar, who are not only tech-savvy but also starting to speculate with decent money in Myanmar, there's a noticeable shift happening in Myanmar towards the crypto market (which is highly volitle and high risk in Myanmar). Cryptocurrency traders in Myanmar contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.
In Myanmar commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Myanmar 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 Myanmar are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Myanmar here.
Myanmar brokers support Islamic accounts or swap-free accounts. Myanmar 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 Myanmar offer accounts that are suitable for Islamic traders. These Myanmar brokers complies with Sharia law.
Myanmar economy and population is growing. The middle class population in Myanmar is increasing which means a growing consumer base. Many business and financial opportunities exist in Myanmar. Myanmar has a young population educated in technology and the internet.
Myanmar 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 Myanmar 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. Myanmar Brokers offering high leverage trades in Myanmar 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 Myanmar brokers offer as a level of protection. you can learn more about further below on this guide.
Selecting a reliable and reputable online Myanmar 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 more confidently.
Selecting the right online Myanmar 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 Myanmar 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 myanmar trading, it's essential to compare the different options available to you. Our myanmar 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 broker that best suits your needs and preferences for myanmar. Our myanmar broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Myanmar Brokers (MM).
Compare myanmar brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a myanmar broker, it's crucial to compare several factors to choose the right one for your myanmar needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are myanmar brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more myanmar brokers that accept myanmar clients.
Broker | IC Markets | Roboforex | XTB | XM | AvaTrade | FP Markets | NordFX | SpreadEx | FXPro | Admiral | Trading212 |
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locality | IC Markets accept Myanmar clients | Roboforex accept Myanmar clients | XTB accept Myanmar clients | XM accept Myanmar clients | AvaTrade accept Myanmar clients | FP Markets accept Myanmar clients | NordFX accept Myanmar clients | SpreadEx accept Myanmar clients | FxPro accept Myanmar clients | Admiral Markets accept Myanmar clients | Trading 212 accept Myanmar 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) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21 |
Min Deposit | 200 | 10 | No minimum deposit | 5 | 100 | 100 | 1 | 1 | 100 | 200 | 1 |
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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+ | 10,000+ | 15,000,000+ |
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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 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
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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 admiralmarkets |
Sign
Up with trading212 |
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 | 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. |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
Trading 212 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 | US, CA, JP, SG, MY, JM, IR, TR | US, CA |
You can compare Myanmar 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 Myanmar Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Myanmar brokers below.