Best Forex Brokers in Maldives 2026
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top Forex brokers in Maldives based on our analysis:
- 1
AvaTrade - Best Forex broker in Maldives - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 3
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 4
- 5
easyMarkets - Regulated in many jurisdictions. Unique risk management tools (dealCancellation, Freeze Rate). Access to various trading platforms. - 6
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 7
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 8
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Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 10
Our Top-10 Forex brokers for Maldivian traders are selected using strict criteria to help you find a reliable platform with fair pricing, strong regulation, and the tools you need for your strategy.
Comparison of the Best Forex Brokers in Maldives
| Broker | AvaTrade | XM | FP Markets |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.7/5 |
| Foundation Year | 2005 | 2009 | 2005 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles |
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| Spread | from 0.6 points | from 0 points | from 0 points |
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| Review | AvaTrade Review | XM Review | FP Markets Review |
| Broker Comparison | |||
| Register | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds |
List of the Best Forex Trading Platforms for 2026
1. 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.
2. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inactivity fee.
- Standard account has a higher spread than the market average.
3. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
4. 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.
5. easyMarkets
easyMarkets is a reliable international broker with nearly 25 years of experience, licenses from leading regulators (CySEC, ASIC, FSCA, etc.), and a focus on simplicity and trading safety. It suits beginner traders thanks to a low minimum deposit from 25 USD, fixed spreads, and a convenient proprietary platform with unique risk management tools. At the same time, the broker will also appeal to more experienced users thanks to the availability of MT4, MT5, TradingView, Islamic accounts, and VIP service. Despite a relatively average selection of CFD instruments and the absence of passive trading services, easyMarkets delivers a good combination of reliability, technology, and customer support.
Pros and Cons of easyMarkets
Pros
- Regulated in many jurisdictions.
- Unique risk management tools (dealCancellation, Freeze Rate).
- Access to various trading platforms.
- Minimum deposit from 25 USD, convenient for beginners.
- A wide range of deposit and withdrawal methods, including cryptocurrencies.
- Strong analytics (Daily Pitch, AI reviews, trading signals).
- Competent support with many contact channels.
Cons
- High swaps compared to competitors.
- No cent accounts or passive trading services (PAMM, copy trading).
- Average number of CFD instruments, behind market leaders.
6. 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.
7. 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.
8. 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.
9. Deriv
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
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
10. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its 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
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.
Regulation of Forex Brokers in Maldives
In the Maldives, the Maldives Monetary Authority (MMA) is the central bank and supervises the financial sector other than the securities market, while the securities/capital market perimeter is handled by the Capital Market Development Authority (CMDA).
CMDA is an independent authority established under the Maldives Securities Act (Law No. 2/2006) and has powers to license and regulate capital market intermediaries (brokers, dealers, advisers, etc.) within that securities framework.
In practice, most retail traders in the Maldives use international (offshore) brokers regulated in well-known jurisdictions (for example, the UK, EU, Australia, etc.), and compare them by regulation strength, costs, execution quality, and platform features.
What to prioritize when choosing a broker from the Maldives:
- Top-tier regulation (clear oversight, enforcement, client protection rules)
- Segregated client funds (client money separated from broker funds)
- Transparent pricing (spreads, commissions, swap/overnight fees)
- Risk controls (negative balance protection where applicable)
- Deposit/withdrawal reliability (supported methods, processing times, fees)
How We Compiled the List of the Best Forex Brokers in Maldives
We rank brokers using a balanced methodology designed for real retail conditions:
- We compare fees and total trading costs (spreads/commissions/overnights).
- We evaluate execution and reliability (stability, order handling, platform quality).
- We check regulatory standing and transparency (who regulates the entity you onboard with).
- We include brokers that are typically accessible to traders in the Maldives (availability can change—always confirm during signup).
FAQ
Which broker is best for Forex trading in Maldives?
There isn’t one universal “best” broker—your best match depends on what you value: strong regulation, lower fees, platform choice (MT4/MT5/cTrader/web), and what instruments you plan to trade. A good rule is to start by filtering for well-regulated brokers, then compare costs and platform tools.
Which forex trading platform is best?
For many traders, MetaTrader 5 is a top pick for multi-asset trading and modern features; MetaTrader 4 remains popular for simplicity and EA support; cTrader is loved for execution/UI; and some brokers have strong proprietary web/mobile platforms.
Is Forex trading legal in Maldives?
There’s no single global “Forex legality” switch - what matters is whether you can legally open an account and trade under the broker’s terms and any applicable local rules. In the Maldives, the local framework focuses on supervising the financial sector (MMA) and the securities/capital market perimeter (CMDA). Many residents use foreign-regulated brokers; still, always read the broker’s country availability, product terms (CFDs/derivatives), and risk disclosures.
Is $100 enough to start Forex?
You can start with $100 using micro/cent accounts, but it’s tight: spreads and volatility matter more, and risk management becomes harder. Many traders use a demo first, then fund a small live account to learn execution and emotions.
How much can I make with $100 in Forex trading?
With $100, returns are usually limited unless you take high risk (which also raises the chance of losing the account). A safer approach is to focus on process (risk limits, consistency) rather than big short-term gains.
What is the “90% rule” in Forex?
It’s a popular saying that “most traders lose money.” The exact number varies, but the lesson is valid: leverage + weak risk control can wipe accounts. The edge comes from discipline, costs awareness, and risk management.
Can Muslims trade Forex?
Many Muslims choose to trade only in ways they believe comply with Islamic principles (for example, avoiding interest-based swaps by using swap-free/Islamic accounts where available). Interpretations differ, so it’s best to consult a trusted scholar and read the broker’s swap-free conditions carefully.
