Best Forex Brokers in Mongolia 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top forex brokers in Mongolia based on our analysis:
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AvaTrade - Best forex broker in Mongolia - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
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. - 3
Eightcap - Support for popular platforms MT4, MT5, and integration with TradingView. Over 800 trading instruments, including 160+ cryptocurrency CFDs. Regulated by ASIC, FCA, CySEC, and SCB. - 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
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ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 9
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 10
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.
This list of top forex brokers in Mongolia will help you find a secure, user-friendly trading platform that matches your trading style and risk tolerance.
Comparison of the Best Forex Brokers in Mongolia
| Broker |  AvaTrade |  FP Markets |  Eightcap |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.5/5 |
| Foundation Year | 2005 | 2005 | 2015 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | Australia, United Kingdom, Cyprus, Bahamas |
| Regulators | Central Bank of Ireland Central Bank of Ireland KNF KNF FCA FCA BVIFSC BVIFSC ASIC ASIC FSCA FSCA JFSA JFSA JFFA JFFA FSRA FSRA ISA ISA CIRO CIRO | ASIC ASIC CySEC CySEC FSCA FSCA SVGFSA SVGFSA SFSA SFSA | ASIC ASIC FCA FCA CySEC CySEC SCB SCB |
| Minimum Deposit |
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| Trading Accounts |
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| Spread | from 0.6 points | from 0 points | from 0 points |
| Trading Assets (CFDs) |
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| Review | AvaTrade Review | FP Markets Review | Eightcap Review |
| Broker Comparison | |||
| 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 Top Forex Brokers in Mongolia for 2025
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. 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.
3. Eightcap
Eightcap is a modern broker with reliable regulation, convenient MT4, MT5, and TradingView platforms, and a wide selection of instruments, including over 160 cryptocurrency CFDs. It suits traders who value technology, fast market access, and competitive trading conditions. The broker will be especially interesting for active traders and those who use CFD instruments, but is less convenient for investors seeking passive trading solutions.
Pros and Cons of Eightcap
Pros
- Support for popular platforms MT4, MT5, and integration with TradingView.
- Over 800 trading instruments, including 160+ cryptocurrency CFDs.
- Regulated by ASIC, FCA, CySEC, and SCB.
- Convenient deposit and withdrawal methods with no fees.
- Modern analytics tools: AI economic calendar and FlashTrader for MT5.
Cons
- No cent or Islamic accounts.
- No passive trading solutions (copy trading, PAMM).
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. Plus500
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
7. 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.
8. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
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. 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
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
Regulation of Forex Brokers for Mongolian Traders
Mongolia is an emerging market where many residents use international online brokers rather than domestic firms. That makes regulation especially important: reputable providers that work with Mongolian clients are usually licensed in well-known jurisdictions such as the UK, the EU, or Australia, follow strict client-fund rules, and are regularly audited.
When choosing a broker, check that client money is held in segregated accounts, negative balance protection is available, and there is clear information about the company’s license, ownership, and history. Reputable brokers also publish detailed risk warnings and offer transparent information about spreads, swaps, and commissions.
How We Compiled the List of the Best Trading Platforms for Mongolia
The selection of the top forex brokers in Mongolia is based on a balanced set of criteria:
- We started from our global Forex brokers list and filtered brokers that accept clients from Mongolia.
- Each broker was scored using our in-house methodology, which weighs regulation and safety, trading costs, platform quality, available markets, and customer support.
- Extra points were given for convenient funding methods for Mongolian traders, low minimum deposits, quality education, and multilingual support.
Only brokers that passed all reliability checks and offered competitive trading conditions were included in this ranking of the best forex brokers for Mongolian residents.
How to Choose the Best Forex Broker in Mongolia
Even among the top forex brokers in Mongolia, the right choice depends on your goals:
- Trading experience. Beginners may prefer brokers with strong education, simple platforms, and low minimum deposits, while active traders might value advanced tools and low raw spreads.
- Instruments and platforms. Check whether you can trade the currency pairs you need, plus CFDs on indices, commodities, or crypto if that interests you, and whether the broker offers platforms like MetaTrader or its own web terminal and mobile app.
- Fees and leverage. Compare spreads, commissions, swap rates, and available leverage. Very high leverage looks attractive but also increases the risk of a margin call.
- Deposits and withdrawals. Look for convenient payment methods, reasonable fees, and clear processing times for both funding and withdrawals.
Taking time to compare these factors will help you pick the best forex broker in Mongolia for your personal trading plan.
FAQ
Who is the best forex broker in Mongolia?
There is no single broker that is perfect for every trader in Mongolia. In our rankings, well-regulated international brokers that offer competitive spreads, reliable platforms, and good support for Mongolian residents are usually rated as the best forex brokers in Mongolia. The ideal choice for you will depend on your experience level, budget, preferred platform, and whether you focus on majors, exotics, or CFDs.
Is $100 enough for forex trading with forex brokers?
Many forex brokers allow you to open an account and start trading with $100 or even less, especially if they offer micro or cent accounts. However, such a small balance limits your position size and makes it easier to blow up the account if you over-leverage. If you start with $100, focus on risk management: trade small lot sizes, use stop-loss orders, and treat this amount as tuition rather than money you must rely on.
Who are the big 4 forex brokers?
There is no official “big 4” list for forex brokers, but traders often refer to a group of large, well-established brands with strong regulation, large client bases, and deep liquidity. Examples include global brokers that offer a wide range of markets, advanced platforms, and robust risk controls. For traders in Mongolia, such large international brokers can be attractive because of their stability and extensive resources, but you should still compare fees and features before opening an account.
Who is the No. 1 forex broker in the world?
Different rankings use different criteria, so there is no universally agreed No. 1 forex broker. Some lists focus on trading volume, while others look at client satisfaction, spreads, or platform features. Instead of looking for a single “number one” broker, it is better to compare several of the best forex brokers and choose the one whose conditions and tools best match your own trading needs.
How do I choose between the top forex brokers in Mongolia?
Start by shortlisting a few brokers from our ranking, then open demo accounts with at least two of them. Test spreads, execution speed, and platform usability under real-time market conditions. Check how easy it is to fund and withdraw, read the legal documents, and contact support with a few questions. After this comparison, pick the broker that feels most transparent and comfortable to trade with and start live trading with a modest amount.
What is the difference between Forex and CFD trading in Mongolia?
Forex trading focuses on currency pairs, while CFD (Contract for Difference) trading allows you to speculate on the price movements of many instruments, including indices, commodities, stocks, and even cryptocurrencies, without owning the underlying asset. Many international brokers that accept Mongolian clients offer both products on the same platform. If you are interested in leverage, range of CFD markets, and trading conditions, check our dedicated comparison of the best CFD brokers in Mongolia.
