Best Forex Brokers in Turkmenistan 2026
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top Forex brokers in Turkmenistan based on our analysis:
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AvaTrade - Best Forex broker in Turkmenistan - 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
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AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations. - 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 Turkmenistan, compiled using strict criteria, can help you find a reliable platform that matches your trading style and risk preferences.
Comparison of the Best Forex Trading Platforms in Turkmenistan
| 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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| Trading Accounts |
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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 Brokers for Turkmenistan in 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. 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.
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 Turkmenistan
Turkmenistan does not have a widely used, dedicated retail-forex licensing framework comparable to the FCA (UK) or CySEC (EU). In practice, most retail Forex/CFD trading for residents is provided by offshore or international brokers, and the key “regulator” for your account is the authority that licensed the broker’s legal entity you sign up with (the entity shown in the broker’s Terms, Client Agreement, and on the onboarding screens).
Because of this, the safest approach for traders in Turkmenistan is to treat broker selection as a jurisdiction check:
- Identify the exact legal entity you will contract with (not just the brand name).
- Verify the license number on the regulator’s official register (the entity must match 1:1).
- Understand that protections (compensation schemes, leverage caps, marketing rules, dispute procedures) depend on that entity’s jurisdiction.
For Turkmenistan, regulation is mainly about choosing the strongest possible external regulator and entity you can legally sign with, then verifying it independently before funding the account.
How We Compiled the List of the Best Trading Platforms for Turkmenistan
The selection of the top Forex brokers for Turkmenistan was based on balanced criteria:
- Brokers are evaluated using our methodology and real-account testing.
- We prioritize reliability signals: regulation, transparency, and track record.
- We look for strong trading conditions: costs, execution, platform quality, and risk controls.
- We include popular Forex trading platforms that are commonly accessible internationally (availability may vary by residency).
These standards help ensure the listed Forex and CFD brokers meet practical reliability expectations and provide conditions suitable for many retail traders.
FAQ
Who is the best FX broker in Turkmenistan?
The “best” broker depends on what you need (low spreads, a specific platform like MT4/MT5, fast withdrawals, or strong education). Many traders compare brokers by regulation, costs (spread/commission), execution quality, and deposit/withdrawal convenience. Start with a shortlist, test the demo, then open a small live account to validate real conditions.
Is Forex trading legal in Turkmenistan?
There isn’t a clear, dedicated local retail-Forex regime like in the UK/EU. In practice, trading is usually done via international brokers - so the key is whether the broker officially accepts clients from Turkmenistan and you can pass KYC and use available payment methods.
Which Forex trading platforms are best for beginners?
Beginners usually prefer platforms with: a clean interface, strong charting, risk tools, and a demo account. MetaTrader (MT4/MT5) is widely supported; many brokers also offer web and mobile platforms that are easier to start with.
Is $100 enough to start Forex?
It can be enough to learn with small position sizes, but it also limits flexibility and risk management. If you start with $100, use very small trades, avoid high leverage, and focus on practice over profit targets.
What are the key costs when trading Forex?
Most traders pay via spreads (difference between bid/ask), commissions (on some account types), and swaps/overnight fees (if holding positions overnight). Always compare the total cost for your typical trading style.
Do Forex brokers offer negative balance protection?
Some regulated brokers provide negative balance protection for retail clients. This helps prevent losing more than you deposit in extreme volatility. Check your broker’s client classification and policy details.
Forex trading - is it gambling or not?
Forex trading isn’t automatically gambling, but it can become gambling if it’s based on random guesses, over-leverage, or chasing losses. It’s closer to investing/trading when you use a tested strategy, clear risk limits, and disciplined position sizing. Risk management is the main difference between “speculation with rules” and “pure gambling.”
Forex trading - halal or haram?
There isn’t one single answer for everyone: it depends on how you trade and which scholarly opinion you follow. Key considerations often include interest (riba) via swap/overnight fees, excessive uncertainty (gharar), and whether the transaction structure is compliant. Many brokers offer swap-free/Islamic accounts, but you should still review the fee model carefully (some replace swaps with other charges). If this matters to you, consult a trusted scholar and compare the broker’s Islamic account terms in detail.
