Best Forex Brokers in Georgia 2024

Last updated Jul 3, 2024

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Georgia based on our analysis:

  1. 1
    Roboforex Logo
    Roboforex - Best broker in Georgia - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  2. 2
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  3. 3
    AMarkets Logo
    AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations.
  4. 4
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
  5. 5
    InstaForex Logo
    InstaForex - Large selection of trading instruments. PAMM accounts and the ForexCopy automatic trade copying service for passive income. 24/7 efficient customer support.
  6. 6
    Libertex Logo
    Libertex - Regulated Broker. Tight spreads and attractive trading conditions. Wide selection of trading assets.
  7. 7
    LiteFinance Logo
    LiteFinance - A variety of analytical tools. Extensive educational materials. 24/5 technical support.
  8. 8
    Alpari Logo
    Alpari - A wide range of trading accounts. Flexible conditions for depositing and withdrawing funds. Diversity of trading platforms.
  9. 9
    xChief Logo
    xChief - A wide range of trading instruments. Availability of cent and PAMM accounts. Tight spreads and low commission per transaction.
  10. 10
    Grand Capital Logo
    Grand Capital - Diversity of trading account types. Tight spreads. A wide range of trading assets.

In 2024, the Forex market opens up vast opportunities for investors, providing them access to numerous brokerage firms with diverse trading conditions. We have meticulously analyzed the market and created a Top-10 list of the best Forex brokers in Georgia, considering strict criteria for quality and reliability.

List of the Best Forex Brokers in Georgia in 2024

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$100
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
$1
5
Register71.99% of retail investors lose money when trading CFDs with this broker
Foundation Year2007
Minimum Deposit
$1
6
Register74.91% of retail investors lose money when trading CFDs with this broker
Foundation Year1996
Minimum Deposit
$10
7
Register80% of retail investors lose money when trading CFDs with this broker
Foundation Year2004
Minimum Deposit
$10
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year1998
Minimum Deposit
$20
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2014
Minimum Deposit
$1
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$10

In search of the most suitable Forex broker for investors from Georgia, we have thoroughly analyzed the market and compiled a list of the best Forex brokers operating in this country. Our review includes a detailed description of each broker's services, as well as feedback from Georgian traders who already have experience working with these companies. Whether you are a newcomer to the world of financial markets or an experienced investor looking for a reliable partner for Forex trading, our Top-10 will help you find the ideal broker that matches your investment strategies and security requirements.

1. RoboForex

Roboforex Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesFutures
Trading Platforms
MetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип AdvCash
Логотип Perfect Money
Логотип Касса24
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип JCB
compare Roboforex trading accounts

RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.

Pros and Cons of Roboforex

Pros

  1. A variety of trading platforms.
  2. Over 12,000 trading assets.
  3. Different types of trading accounts.
  4. Competent 24/7 customer support.
  5. Loyalty programs and bonus offers for clients.
  6. Low spreads and fees.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Beginner traders may find a lack of educational materials.

2. FxPro

FxPro Logo
2
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Perfect Money
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип UnionPay
compare FxPro trading accounts

FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.

Pros and Cons of FxPro

Pros

  1. Various trading platforms.
  2. A diverse range of available markets and products.
  3. Multiple analytics tools.
  4. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

3. AMarkets

AMarkets Logo
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип Neteller
Логотип FasaPay
Логотип Bank Transfer
Логотип Система быстрых платежей (СБП)
Логотип Visa
Логотип Mastercard
Логотип Мир
Логотип HUMO
compare AMarkets trading accounts

AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.

Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.

Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.

Pros and Cons of AMarkets

Pros

  1. A wide range of trading assets.
  2. Extensive analytical capabilities using modern tools and trading robots.
  3. No commissions on many operations.
  4. Convenience and simplicity of opening an account and managing it.

Cons

  1. Not the most extensive educational materials.
  2. On some assets, spreads are higher than those of competing Forex brokers.

4. Deriv

Deriv Logo
4
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5Deriv XcTrader
Deposit/withdrawal:
Логотип FasaPay
Логотип Perfect Money
Логотип Skrill
Логотип Neteller
Логотип WebMoney
Логотип PaySafeCard
Логотип Jeton
Логотип SticPay
Логотип Airtm
Логотип Boleto
Логотип Paylivre
Логотип OnlineNaira
Логотип Beyonic
Логотип AstroPay
Логотип 1foryou
Логотип AdvCash
Логотип Swift
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип Diners Club
Логотип JCB
Логотип PayTrust88
Логотип Help2pay
Логотип DragonPhoenix
Логотип ZingPay
Логотип Ngan Luong
Логотип Trustly
compare Deriv trading accounts

Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.

Pros and Cons of Deriv

Pros

  1. Simple and fast account opening process.
  2. A wide variety of account types cater to different trading needs.
  3. Low commission structure.
  4. A wide range of trading platforms.
  5. High-quality technical support with fast and effective responses.

Cons

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are confined to a blog and lack comprehensive learning resources.

5. InstaForex

InstaForex Logo
5
Register71.99% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4InstaForex Webtrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип YooMoney
Логотип PayCo
Логотип AstroPay
Логотип Swift
Логотип Visa
Логотип Mastercard
compare InstaForex trading accounts

InstaForex is a popular broker that offers a wide range of trading instruments and specialized accounts. The unique possibility of accruing interest on the account balance, ForexCopy's automatic transaction copying service, and support for cryptocurrency trading make InstaForex an attractive choice for a variety of traders. Customer support is available round the clock, and account replenishment does not charge any commission, which is a significant plus.

InstaForex is suitable for beginner traders and investors interested in passive income through PAMM accounts, as well as for those looking for innovative features such as cryptocurrency trading and automatic trade copying.

Pros and Cons of InstaForex

Pros

  1. Large selection of trading instruments.
  2. PAMM accounts and the ForexCopy automatic trade copying service for passive income.
  3. 24/7 efficient customer support.
  4. Wide range of methods for depositing and withdrawing funds.
  5. Decent analytical section.

Cons

  1. Trading commissions are above average.
  2. No trading accounts with market execution of orders (ECN or STP).
  3. Broker commission on fund withdrawals.

6. Libertex

Libertex Logo
6
Register74.91% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksCryptocurrencyETFPrecious MetalsEnergy CarriersSoft CommoditiesIndicesBonds
Trading Platforms
LibertexMetaTrader 4MetaTrader 5
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Jeton
Логотип WebMoney
Логотип VLoad
Логотип Bank Transfer
Логотип Visa
Логотип Mastercard
Логотип Maestro
compare Libertex trading accounts

Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.

Pros and Cons of Libertex

Pros

  1. Regulated Broker.
  2. Tight spreads and attractive trading conditions.
  3. Wide selection of trading assets.
  4. Rich selection of educational materials and analytics.

Cons

  1. High swaps and inactivity fee.
  2. No email address provided for support contact and no chat on the website.

7. LiteFinance

LiteFinance Logo
7
Register80% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexCommoditiesStocksIndices
Trading Platforms
MetaTrader 4MetaTrader 5cTrader
Deposit/withdrawal:
Логотип Neteller
Логотип Skrill
Логотип Perfect Money
Логотип AdvCash
Логотип Bank Transfer
Логотип Swift
Логотип Credit and Debit Cards
compare LiteFinance trading accounts

LiteFinance is a broker that actively invests in analytical and educational resources, providing its clients access to the economic calendar, daily forecasts, and analytics from Claws&Horns. These resources can significantly assist traders in developing their trading skills and strategies. The 24/7 technical support ensures that help is always on hand when needed, which is especially valuable for beginners and those who trade in various markets worldwide.

LiteFinance will be most suitable for beginner and intermediate-level traders who can make the most of the educational and analytical resources offered. It will also suit those who prefer to use standard trading platforms and do not plan to trade cryptocurrencies or soft commodities actively.

Pros and Cons of LiteFinance

Pros

  1. A variety of analytical tools.
  2. Extensive educational materials.
  3. 24/5 technical support.

Cons

  1. High trading fees.
  2. Lack of certain trading assets.

8. Alpari

Alpari Logo
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyPrecious MetalsEnergy CarriersStocks
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип VLoad
Логотип AdvCash
Логотип WebMoney
Логотип Касса24
Логотип Neteller
Логотип Wallet One
Логотип Skrill
Логотип TC Pay
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Alpari trading accounts

Alpari has established itself as a stable and reliable broker, providing its services on Forex for over 20 years. The broker is widely popular among professional traders due to its wide range of trading accounts and instruments and convenient and practical services for investing—PAMM accounts and portfolios. Beginning traders will find quality support, training courses, and favorable trading conditions at Alpari.

Overall, Alpari is an excellent choice for beginners and professional traders.

Pros and Cons of Alpari

Pros

  1. A wide range of trading accounts.
  2. Flexible conditions for depositing and withdrawing funds.
  3. Diversity of trading platforms.

Cons

  1. Licensing in the Comoros does not provide the same level of investor protection as in countries with stricter regulators.
  2. Fees for fund withdrawal and inactivity charges.
  3. Limited choice in terms of different asset classes.

9. xChief

xChief Logo
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsIndicesEnergy CarriersCryptocurrencyStocks
Trading Platforms
MetaTrader 4MetaTrader 5
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип AdvCash
Логотип WebMoney
Логотип Perfect Money
Логотип FasaPay
Логотип SEPA
Логотип Credit and Debit Cards
Логотип Online banking
compare xChief trading accounts

xChief offers traders a variety of opportunities and services for successful trading in the Forex market. With a wide selection of trading instruments, reliable trading platforms, contests, and educational materials, the broker creates conditions for developing traders of all experience levels.

Pros and Cons of xChief

Pros

  1. A wide range of trading instruments.
  2. Availability of cent and PAMM accounts.
  3. Tight spreads and low commission per transaction.
  4. Scalping and algorithmic trading allowed.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Weak analytical section.
  3. No educational courses and webinars for beginner traders.

10. Grand Capital

Grand Capital Logo
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesETFStocksBondsPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 4WebTraderMetaTrader 5
Deposit/withdrawal:
Логотип Perfect Money
Логотип PayRedeem
Логотип Credit and Debit Cards
compare Grand Capital trading accounts

Grand Capital is a broker that offers a wide range of trading instruments and account types, making it an attractive choice for traders with different strategies and experience. Narrow spreads, especially on major currency pairs, ensure competitive trading conditions and the availability of educational materials that support novice and experienced traders in their development. The 24/7 multi-lingual support ensures that assistance is promptly provided.

Grand Capital will suit traders who appreciate a variety of trading tools and account types, as well as those who actively utilize educational resources to enhance their skills. The broker will be especially attractive for those who prefer to use MetaTrader platforms and are not concerned about the potential risks of the lack of strict regulation.

Pros and Cons of Grand Capital

Pros

  1. Diversity of trading account types.
  2. Tight spreads.
  3. A wide range of trading assets.
  4. Multilingual support 7 days a week, 24 hours a day.

Cons

  1. It is not regulated by leading financial regulators.
  2. High swaps.
  3. Lack of MetaTrader alternatives.

Regulation of Forex Brokers in Georgia

The regulation of Forex brokers in Georgia is under the strict supervision of the National Bank of Georgia (NBG), which sets stringent criteria for licensing and controlling their activities. Obtaining a license from the NBG is not only a mark of reliability but also an indicator of the broker's compliance with local legislation. This ensures that licensed brokers adhere to high standards of financial security and transparency, which is critically important for protecting the interests of Georgian traders.

To obtain a Forex dealer license in Georgia, a starting capital of 500,000 GEL (approximately 200,000 USD) is required, along with regular submission of audit and accounting reports to the Central Bank, and a thorough review of the broker's operating model. The regulator particularly focuses on models such as NDD (No Dealing Desk) and market maker. For NDD brokers, the licensing process is simplified, but due to the overall complexity of the process, many companies have opted out of obtaining a license. Regarding leverage, new rules have set its maximum value to 1:50 for major currency pairs, while for other currencies it is up to 1:20, for indices and commodities – 1:10, stocks – 1:5, and cryptocurrencies – 1:2. These measures were taken after prolonged dialogue with market participants and are aimed at establishing balanced trading conditions.

In our top list, we focused on well-known foreign Forex brokers that accept traders from Georgia. These companies, although not licensed by the NBG, have earned a reputation as reliable and transparent participants in the global financial market. They offer Georgian traders a high level of service and security, meeting international standards of brokerage activity. This makes them a preferred choice for those seeking access to a wide range of financial instruments and global markets.

How to Choose the Best Forex Broker in Georgia

Choosing a Forex broker is a key step towards success in the international currency market. To ensure an effective and secure trading partnership, it is important to consider several crucial criteria that will help you find a broker that meets your requirements and trading style. When selecting a broker for trading, pay attention to the following aspects:

  1. Regulation. Preference should be given to brokers licensed by reputable regulators such as FCA, ASIC, or CySEC, ensuring their reliability and transparency.

  2. Account Types. Choose a broker that offers a variety of account types suitable for both beginners and experienced traders, considering your trading capital and experience.

  3. Trading Platforms. It is important that the trading platform is intuitive, reliable, and equipped with necessary features. Look for brokers with advanced and user-friendly platforms.

  4. Trading Conditions. Carefully examine the conditions, including spreads, commissions, minimum deposits, and available lot sizes, to ensure they meet your requirements and Forex trading strategy.

  5. Customer Support. Check how promptly and efficiently the broker's support service operates. This is especially important for quickly resolving potential issues and questions.

By examining these criteria, you will be able to make an informed choice of a suitable Forex broker in Georgia. It is recommended to start by opening a demo account to evaluate the quality of services and functionality of the trading platforms offered by the broker.

How We Compiled the List of Top Forex Brokers in Georgia

The list of the best brokers in Georgia was compiled taking into account the following key criteria, adapted for the Georgian market:

  1. The position of each broker is determined based on our overall Forex broker rating, ensuring objectivity and fairness in the assessments.

  2. Brokers were evaluated according to our unique methodology, which includes an analysis of their trading conditions, customer service, licenses, and regulatory standards.

  3. All selected brokerage companies are popular in Georgia and offer services specifically tailored to the needs of Georgian traders.

These criteria ensure that the presented Forex brokers meet high standards of quality and safety, as well as offer trading conditions that are ideally suited for investors from Georgia.

Conclusion

Choosing the right Forex broker is crucial for success in the currency market. Key aspects such as reliability, regulatory compliance, favorable trading conditions, and quality customer service play a fundamental role in selecting a reliable trading partner. Our rating of the best Forex brokers in Georgia is designed to help you in this challenging choice by providing objective and comprehensive information based on thorough market analysis and feedback from experienced traders. We strive to provide you with up-to-date and useful recommendations so that you can find the ideal broker that meets your individual needs and helps you confidently move towards financial independence and success in the international Forex market.

FAQ

Yes, trading Forex is legal in Georgia. However, it is important for traders to work with licensed and regulated brokers to ensure the safety of their funds and compliance with trading rules.

How to find a licensed Forex company in Georgia?

To find a licensed Forex broker in Georgia, you can refer to the official list provided by the National Bank of Georgia.

How can a trader open a trading account with a Forex broker in Georgia?

To open a trading account, a trader needs to choose a broker, register on their platform, provide the necessary documents for verification, and make an initial deposit.

What trading platforms do Forex brokers in Georgia offer?

Forex brokers in Georgia offer various trading platforms, including the popular MetaTrader 4 and MetaTrader 5, as well as other customizable and user-friendly interfaces.

What financial rules and regulations exist in Georgia?

The financial market in Georgia is regulated by the National Bank of Georgia, which sets rules and standards for Forex brokers, including licensing requirements, capitalization, and compliance with financial standards.

Can brokers operate in Georgia without a license?

Brokers can offer their services without a license from the National Bank of Georgia. However, traders are advised to avoid such companies due to increased risks and lack of regulatory oversight.

Is it possible to trade Forex with a small capital?

Yes, many Forex brokers allow trading with small capital by offering micro and mini accounts, as well as high leverage, making the market accessible to traders with limited financial resources.

What is Forex?

Forex (Foreign Exchange) is an international currency market where participants can buy, sell, exchange, and speculate on currency pairs. The Forex market is one of the largest and most liquid markets in the world.

What is the role of a broker in Forex trading?

A broker in Forex trading acts as an intermediary between the trader and the currency market, providing access to trading platforms, necessary tools, and market information, as well as executing client orders.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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