Best Stock Brokers in Sri Lanka for 2020

We found 10 online brokers that are appropriate for Trading Stock In Sri Lanka.

Best Stock Brokers In Sri Lanka Guide

Stock In Sri Lanka Financial Markets

Best Stock Brokers in Sri Lanka

The Sri Lankan economy is transforming from a rural economy to an urbanized one and traders from across the world have started investing in the country's financial market.

Many are increasingly starting to trade stocks and shares in Sri Lanka.

In this article, we will discuss how to get the best stock brokers in Sri Lanka and what ways you can trade in the world financial markets.

Investing in Sri Lanka

Sri Lanka is known as an Asian frontier market due to its economic transition centred around manufacturing and services industries.

Sri Lanka attracts many foreign traders. The Colombia Stock Exchange is the primary stock market in the country.

For overseas investors opening a Securities Investment Account is mandatory with a custodian national bank.

Secondly, an account is also opened with the Sri Lanka Central Depository System and thereafter you must submit all required identity documents. Documents for identification will included passports as required by Sri Lankan law.

The process may take about two weeks or three days for institutions and individuals respectively.

Securities traded on the Colombo Stock Exchange are free from capital gain tax. However, a 10% withholding tax accompanies dividends.

The Securities and Exchange Commission oversees the security part and all the best stock brokers in Sri Lanka follow the guidelines of it.

Factors to Consider While Investing

Strategy

Experts suggest developing a good strategy before jumping into investing. It can be done through the use of brokerage research tools offered by many of the best stock brokers in Sri Lanka.

Test Strategy

After an investment strategy is developed, your strategy needs to be carefully tested. This can be done through a demo account, which can be opened with all reputable stock brokers in Sri Lanka.

Stock Selection

It is important to choose the right stock to make a profit. A wrong choice may lead to loss. A reputable stock broker with offer educational resources and research tools as part of their platform.

Forex Risks

Exchange rate plays an important role in overseas investment. It is important to consider this factor before trading.

Choosing Best Stock Brokers in Sri Lanka

A thumb rule when choosing the best stock brokers in Sri Lanka is to check they have a good customer base and strong testimonials, which do not sound fake. Make sure any broker you register with is regulated, this is really important.

Sri Lankan broker should offer a demo account which you can practice with before you start live trading.

Demo accounts are important especially for new traders as the account allows traders to practice with virtual money and gain experience with the financial markets.

Best Stock Brokers In Sri Lanka

We've collected thousands of datapoints and written a guide to help you find the best Best Stock Brokers in Sri Lanka for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best stock brokers in sri lanka below. You can go straight to the broker list here.

Trading in Stock In Sri Lanka

When trading in Stock In Sri Lanka you will need to know what your options with your Stock In Sri Lanka trading broker are.

We list below the trading account types available in Stock In Sri Lanka. If you are looking for brokers in Stock In Sri Lanka that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies or commodity markets; this Stock In Sri Lanka broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in Stock In Sri Lanka

Forex trading is growing in popularity in Stock In Sri Lanka. The volume of Forex traded in Stock In Sri Lanka has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in Stock In Sri Lanka and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in Stock In Sri Lanka?

Their is a misconception that trading Forex on the financial market in Stock In Sri Lanka is considered unsafe. This is not the case, Forex trading in Stock In Sri Lanka is very active.

Trading in Forex is allowed in Stock In Sri Lanka as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Stock In Sri Lanka Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in Stock In Sri Lanka?

Once a traders profits reach a level where the income on the Forex trading can be taxed in Stock In Sri Lanka the trader should make sure all taxes owed for a financial year are paid. Stock In Sri Lanka taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Stock In Sri Lanka. You should seek advice with a Stock In Sri Lanka tax professional to ensure they are abiding by all proper tax laws in Stock In Sri Lanka. In Stock In Sri Lanka Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in Stock In Sri Lanka

Cryptocurrency markets in Stock In Sri Lanka are relatively new. Because Cryptocurrency works on decentralised assets in Stock In Sri Lanka things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Stock In Sri Lanka for example.

Due to a large young population in Stock In Sri Lanka with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Stock In Sri Lanka. $6 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in Stock In Sri Lanka

In Stock In Sri Lanka commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in Stock In Sri Lanka 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 Stock In Sri Lanka are able to take advantage of this demand.

We list brokers that allow you to trade commodities in Stock In Sri Lanka here.

Islamic Accounts in Stock In Sri Lanka

Stock In Sri Lanka brokers support Islamic accounts or swap-free accounts. Stock In Sri Lanka 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 Stock In Sri Lanka offer accounts that are suitable for Islamic traders. These Stock In Sri Lanka brokers complies with Sharia law.

Benefits of Trading in Stock In Sri Lanka

Stock In Sri Lanka economy and population is growing. The middle class population in Stock In Sri Lanka is increasing which means a growing consumer base. Many business and financial opportunities exist in Stock In Sri Lanka. Stock In Sri Lanka has a young population educated in technology and the internet.

Concerns of Trading in Stock In Sri Lanka

Stock In Sri Lanka 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 Stock In Sri Lanka 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. Stock In Sri Lanka Brokers offering high leverage trades in Stock In Sri Lanka 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 Stock In Sri Lanka brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Stock Brokers In Sri Lanka Checklist

There are a number of important factors to consider when picking an online Stock In Sri Lanka trading brokerage.

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 Stock In Sri Lanka 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.

Our brokerage comparison table below allows you to compare the below features for brokers offering Stock Brokers In Sri Lanka.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Stock Brokers In Sri Lanka of 2020 compared

Here are the top Stock Brokers In Sri Lanka (LK).

Compare Stock Brokers In Sri Lanka min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are stock brokers in sri lanka. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more stock brokers in sri lanka that accept stock in sri lanka clients

Broker eToro FP Markets Trading212 XTB IC Markets Pepperstone Plus500 FXPrimus Roboforex EasyMarkets
Rating
locality eToro accept Stock In Sri Lanka clients FP Markets accept Stock In Sri Lanka clients Trading 212 accept Stock In Sri Lanka clients XTB accept Stock In Sri Lanka clients IC Markets accept Stock In Sri Lanka clients Pepperstone accept Stock In Sri Lanka clients Plus500 accept Stock In Sri Lanka clients FXPrimus accept Stock In Sri Lanka clients Roboforex accept Stock In Sri Lanka clients easyMarkets accept Stock In Sri Lanka clients
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 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 Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Min Deposit 200 100 1 No minimum deposit 200 200 100 100 1 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 12,000,000+ 10,000+ 14,000,000+ 250,000+ 60,000+ 10,000+ 15,500+ 10,000+ 10,000+ 142,500+
Benefits
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
fpmarkets
Sign Up with
trading212
Sign Up with
xtb
Sign Up with
icmarkets
Sign Up with
pepperstone
Sign Up with
plus500
Sign Up with
fxprimus
Sign Up with
roboforex
Sign Up with
easymarkets
Risk Warning 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. 80% 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. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 80.5% 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 Losses can exceed deposits Your capital is at risk
Demo eToro
Demo
FP Markets
Demo
Trading 212
Demo
XTB
Demo
IC Markets
Demo
Pepperstone
Demo
Plus500
Demo
FXPrimus
Demo
Roboforex
Demo
easyMarkets
Demo
Excluded Countries US, IR, KP, BE, CA, JP, SY, TR, IL, HK US, JP, NZ US US, IN, PK, BD, NG , ID, BE AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA BR, KR, IR, IQ, SY, JP, US BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US, JP US

All Stock brokers in sri lanka in more detail

You can compare Stock Brokers In Sri Lanka 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 Stock Brokers In Sri Lanka for 2020 article further below. You can see it now by clicking here

We have listed top Stock brokers in sri lanka below.

Stock Brokers In Sri Lanka List

eToro
(4/5)
Min deposit : 200
eToro was established in 2006 and is used by over 12000000+ traders. 75% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Trading212
(4/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 14000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. Trading 212 offers Stocks, Forex, Commodities, Indices

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 80% 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. XTB offers Forex, CFDs, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 80.5% 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. Plus500 offers CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)