Best Forex Brokers in Jordan for 2024
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top 10 Forex brokers in Jordan based on our analysis:
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IC Markets - Best Forex broker in Jordan - A wide range of trading assets. Low spreads. Variety of trading platforms. - 2
Pepperstone - Wide selection of trading platforms. Tight spreads and favourable trading conditions. Numerous regulatory licenses. - 3
AvaTrade - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 4
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 5
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 6
AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations. - 7
HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 8
FBS - Regulated by major international organizations. Low spreads and commissions. Wide range of trading assets. - 9
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The Forex market in Jordan is experiencing significant expansion, driven by a variety of trusted brokers providing extensive trading platforms and advantages. Our dedicated team has conducted thorough research to compile a detailed list of the Best Forex Brokers in Jordan, specifically tailored for beginners. This guide aims to assist you in selecting a broker that matches your trading needs, ensuring the safety and integrity of your investments.
List of the Best Forex Brokers in Jordan in 2024
1. IC Markets
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
2. Pepperstone
Pepperstone is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
- A large number of trading assets.
Cons
- Lack of diversity in types of trading accounts.
3. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
4. RoboForex
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
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
5. FxPro
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
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
6. AMarkets
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
- A wide range of trading assets.
- Extensive analytical capabilities using modern tools and trading robots.
- No commissions on many operations.
- Convenience and simplicity of opening an account and managing it.
Cons
- Not the most extensive educational materials.
- On some assets, spreads are higher than those of competing Forex brokers.
7. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
8. FBS
FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.
Pros and Cons of FBS
Pros
- Regulated by major international organizations.
- Low spreads and commissions.
- Wide range of trading assets.
- Extensive database of educational materials and analytical tools.
- Support for various trading platforms.
Cons
- Limited choice of trading accounts.
- Limited choice of account currency.
9. Admirals
Admirals JO is suitable for a broad spectrum of traders. With strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals JO
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
10. Exness
Broker Exness is one of the most attractive companies offering brokerage services for clients worldwide in the Forex market.
Partnership with leaders in financial analytics, minimal commissions, numerous positive client reviews, a well-established operational scheme, and a decent selection of real assets and account currencies makes trading with the broker profitable and secure.
Pros and Cons of Exness
Pros
- Wide selection of trading accounts.
- Instant fund withdrawal.
- Variety of trading platforms.
- A variety of analytical tools.
Cons
- Limited selection of educational materials.
- Average selection of markets and products.
- Deposit fees.
Regulation of Forex Trading in Jordan
Forex market regulation in Jordan is designed to ensure transparency and fairness, governed by Jordan's primary regulatory authorities. The key guidelines for Forex trading are established by the Jordan Securities Commission (JSC) and the Central Bank of Jordan (CBJ), which oversee firms offering Forex products.
Key Regulatory Bodies in Jordan
Jordan Securities Commission (JSC): The JSC plays a pivotal role in regulating Forex trading activities in Jordan. It enforces rules for Forex and CFD trading to protect investors and maintain market integrity. The JSC's regulatory framework aligns with international best practices to ensure a secure trading environment.
Central Bank of Jordan (CBJ): The CBJ oversees Jordan's financial sector, including the Forex market. It establishes policies and guidelines for Forex trading, ensuring the stability and smooth functioning of the foreign exchange market. The CBJ also handles the licensing of brokers operating within Jordan.
Verifying Broker Authorization
To confirm a broker’s authorization by the JSC or CBJ, Forex traders in Jordan can utilize online resources provided by these authorities to check brokers' registration and regulatory compliance. These platforms enable traders to verify if a Forex broker is regulated and authorized under JSC or CBJ guidelines. Typically, a broker's website will include disclosure text indicating their regulatory status under these bodies.
Traders should search for the firm's name in the JSC or CBJ registration database to confirm compliance. Information on the licensing status of regulated brokers in Jordan can also be found on the official websites of the JSC and CBJ.
How We Compiled the List of Top Forex Brokers in Jordan
Our process for identifying the best Forex trading platforms in Jordan was conducted with meticulous precision and a comprehensive set of criteria:
We began by compiling an FX brokers list that met our predefined benchmarks. Each broker was rigorously evaluated through a detailed assessment methodology to impartially analyze their services and operational efficiency.
We prioritized brokers regulated by respected financial authorities such as the FCA, ASIC, and CySEC. This ensures the brokers operate with transparency and adhere to strict financial standards.
Brokers were assessed based on their trading conditions, including spreads, fees, minimum deposits, and the range of trading instruments available. We also evaluated the quality and usability of their trading platforms, with a preference for those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.
The quality of customer support was a crucial factor, focusing on the availability of support in relevant languages and accessible communication channels. Additionally, we considered brokers that offer localized services, such as websites and educational resources tailored to the needs of traders in Jordan.
Genuine feedback from traders who have used these brokers firsthand was incorporated to provide a well-rounded view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.
By following this thorough evaluation process, we ensured that our list of top Forex brokers in Jordan is reliable and trustworthy, helping traders make informed decisions in the dynamic Forex market.
FAQ
What is the best broker in Jordan?
The best broker in Jordan depends on your trading needs and preferences. Some of the top brokers include those regulated by international authorities like the FCA, ASIC, or CySEC, offering competitive spreads, robust trading platforms, and excellent customer support.
Is Forex trading legal in Jordan?
Yes, Forex trading is legal in Jordan. The Jordan Securities Commission (JSC) regulates Forex trading activities to ensure transparency and protect investors.
How to start Forex trading in Jordan?
To start Forex trading in Jordan, follow these steps:
- Choose a reputable broker regulated by the JSC or other respected authorities.
- Open a trading account with the broker.
- Verify your identity and provide necessary documentation.
- Deposit funds into your trading account.
- Download the broker's trading platform and start trading.
Which trading platform is best in Jordan?
The best trading platform in Jordan varies by trader, but popular choices include MetaTrader 4, MetaTrader 5, and proprietary platforms offered by top brokers. Look for platforms that offer user-friendly interfaces, advanced charting tools, and reliable execution. For more information, check out the best Forex broker MetaTrader 5.
Can you make money with Forex trading in Jordan?
Yes, it is possible to make money with Forex trading in Jordan, but it involves significant risk. Successful trading requires knowledge, skill, and a disciplined approach. It's important to start with a demo account and educate yourself before trading with real money.
What is an Islamic or swap-free account?
An Islamic or swap-free account is a type of trading account that complies with Sharia law. These accounts do not charge or pay interest (swap) on overnight positions, making them suitable for Muslim traders who wish to adhere to Islamic financial principles.
How to choose the best Forex broker in Jordan?
To choose the best Forex broker in Jordan, consider the following factors:
- Regulatory status (preferably regulated by the JSC or other respected authorities).
- Trading conditions (spreads, fees, and minimum deposits).
- Trading platforms offered.
- Quality of customer support.
- Availability of educational resources and tools.
- Genuine user reviews and feedback.
How much money do I need to start Forex trading?
The amount of money needed to start Forex trading varies by broker. Some brokers allow you to start with as little as $10, while others may require a higher minimum deposit. It is advisable to start with an amount you can afford to lose and gradually increase your investment as you gain experience.
Is Forex trading halal or haram?
Forex trading can be considered halal if it adheres to Islamic principles, such as using an Islamic or swap-free account that does not involve interest (riba). However, opinions may vary among scholars, so it is best to consult with a knowledgeable religious advisor.
How to verify if a broker is regulated in Jordan?
To verify if a broker is regulated in Jordan, visit the official websites of the Jordan Securities Commission (JSC) or the Central Bank of Jordan (CBJ). You can search for the broker's name in their registration database to confirm their regulatory status.
