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How we make money

Best Forex Brokers in Ukraine 2026

Last updated Mar 9, 2026
Mykola Zavarov
Author
Andriy Bondarenko
Editor

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

  1. 1
    AvaTrade Logo
    AvaTrade - Best Forex broker in Ukraine - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources.
  2. 2
    XM Logo
    XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.
  3. 3
    Libertex Logo
    Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. A rich set of educational resources and market analysis.
  4. 4
    AMarkets Logo
    AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations.
  5. 5
    Roboforex Logo
    Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  6. 6
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  7. 7
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
  8. 8
    NPBFX Logo
    NPBFX - A rich selection of analytical tools and resources. Extensive education section. A variety of trading account types.
  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
    FreshForex Logo
    FreshForex - Extensive experience (since 2004). Minimum deposit from $25. Wide selection of currencies and cryptocurrencies for accounts.

Our Top 10 list of the best Forex brokers in Ukraine, compiled based on strict criteria, will help you find the ideal platform that suits your trading strategies and guarantees the safety of your investments.

Comparison of the Best Forex Brokers in Ukraine

AvaTrade
XM
Libertex
BrokerAvaTradeXMLibertex
Rating
4.7/5
4.7/5
4.7/5
Foundation Year200520091996
Regulated in CountriesIreland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, CanadaBelize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, SeychellesSaint Vincent and the Grenadines, Belarus, Cyprus, Mauritius
Regulators
Minimum Deposit
  • 100 CHF
  • 100 EUR
  • 100 GBP
  • 100 USD
  • 5 AUD
  • 5 CHF
  • 5 EUR
  • 5 GBP
  • 1800 HUF
  • 750 JPY
  • 20 PLN
  • 5 SGD
  • 5 USD
  • 90 ZAR
  • 100 USD
Trading Accounts
  • CFD
  • Standard
  • Micro
  • XM Ultra Low
  • Shares
  • Libertex
  • MT4 Market
  • MT5 Market
  • MT4 Instant
  • MT5 Instant
  • Libertex Portfolio
Spreadfrom 0.6 pointsfrom 0 pointsfrom 0 points
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • WebTrader
  • AvaTradeGO
  • MetaTrader 5
  • MetaTrader 4
  • WebTrader
  • Libertex
  • MetaTrader 4
  • MetaTrader 5
ReviewAvaTrade ReviewXM ReviewLibertex Review
Broker Comparison
  • AvaTrade vs XM
  • AvaTrade vs Libertex
  • XM vs AvaTrade
  • XM vs Libertex
  • Libertex vs AvaTrade
  • Libertex vs XM
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 Ukraine Forex Brokers for 2026

AvaTrade Logo
1
Foundation Year2005
Minimum Deposit
$100
4.7/5
Read AvaTrade reviewAvaTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
1
AvaTrade Logo
4.7/5
AvaTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$100
XM Logo
2
Foundation Year2009
Minimum Deposit
$5
4.7/5
Read XM reviewXM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
2
XM Logo
4.7/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$5
Libertex Logo
3
Foundation Year1996
Minimum Deposit
$100
4.7/5
Read Libertex reviewLibertex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
3
Libertex Logo
4.7/5
Libertex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year1996
Minimum Deposit
$100
AMarkets Logo
4
Foundation Year2007
Minimum Deposit
$100
4.4/5
Read AMarkets reviewAMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
4
AMarkets Logo
4.4/5
AMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$100
Roboforex Logo
5
Foundation Year2009
Minimum Deposit
$10
4.4/5
Read Roboforex reviewRoboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
5
Roboforex Logo
4.4/5
Roboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
FxPro Logo
6
Foundation Year2006
Minimum Deposit
$100
4.4/5
Read FxPro reviewFxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
6
FxPro Logo
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
Deriv Logo
7
Foundation Year2020
Minimum Deposit
$1
4.3/5
Read Deriv reviewDeriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
7
Deriv Logo
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
$1
NPBFX Logo
8
Foundation Year2016
Minimum Deposit
$10
4.2/5
Read NPBFX reviewNPBFX review
RegisterTrading CFDs carries high risks. You may lose all invested funds
8
NPBFX Logo
4.2/5
NPBFX review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2016
Minimum Deposit
$10
xChief Logo
9
Foundation Year2014
Minimum Deposit
$1
4.1/5
Read xChief reviewxChief review
RegisterTrading CFDs carries high risks. You may lose all invested funds
9
xChief Logo
4.1/5
xChief review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2014
Minimum Deposit
$1
FreshForex Logo
10
Foundation Year2003
Minimum Deposit
$25
4.1/5
Read FreshForex reviewFreshForex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
10
FreshForex Logo
4.1/5
FreshForex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2003
Minimum Deposit
$25
AvaTrade Logo
1
Foundation Year2005
Minimum Deposit
$100
4.7/5
Read AvaTrade reviewAvaTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
1
AvaTrade Logo
4.7/5
AvaTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$100
XM Logo
2
Foundation Year2009
Minimum Deposit
$5
4.7/5
Read XM reviewXM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
2
XM Logo
4.7/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$5
Libertex Logo
3
Foundation Year1996
Minimum Deposit
$100
4.7/5
Read Libertex reviewLibertex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
3
Libertex Logo
4.7/5
Libertex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year1996
Minimum Deposit
$100
AMarkets Logo
4
Foundation Year2007
Minimum Deposit
$100
4.4/5
Read AMarkets reviewAMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
4
AMarkets Logo
4.4/5
AMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$100
Roboforex Logo
5
Foundation Year2009
Minimum Deposit
$10
4.4/5
Read Roboforex reviewRoboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
5
Roboforex Logo
4.4/5
Roboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
FxPro Logo
6
Foundation Year2006
Minimum Deposit
$100
4.4/5
Read FxPro reviewFxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
6
FxPro Logo
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
Deriv Logo
7
Foundation Year2020
Minimum Deposit
$1
4.3/5
Read Deriv reviewDeriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
7
Deriv Logo
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
$1
NPBFX Logo
8
Foundation Year2016
Minimum Deposit
$10
4.2/5
Read NPBFX reviewNPBFX review
RegisterTrading CFDs carries high risks. You may lose all invested funds
8
NPBFX Logo
4.2/5
NPBFX review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2016
Minimum Deposit
$10
xChief Logo
9
Foundation Year2014
Minimum Deposit
$1
4.1/5
Read xChief reviewxChief review
RegisterTrading CFDs carries high risks. You may lose all invested funds
9
xChief Logo
4.1/5
xChief review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2014
Minimum Deposit
$1
FreshForex Logo
10
Foundation Year2003
Minimum Deposit
$25
4.1/5
Read FreshForex reviewFreshForex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
10
FreshForex Logo
4.1/5
FreshForex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2003
Minimum Deposit
$25

1. AvaTrade

AvaTrade Logo
Spread fromEURUSD0.6pips
Trading Assets
Forex Stocks Indices ETF Cryptocurrency Bonds Precious Metals Energy Carriers Soft Commodities
Trading Platforms
MetaTrader 4 MetaTrader 5 WebTrader AvaTradeGO
★4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead AvaTrade review
1
About AvaTrade
Founded in 2005
Countries of registration:
Regulators:
AvaTrade Logo
1
★4.7/5
AvaTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTraderAvaTradeGO
compare AvaTrade trading accounts

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

  1. A wide selection of financial assets.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

2. XM

XM Logo
Spread fromEURUSD0pips
Trading Assets
Forex Indices Stocks Precious Metals Energy Carriers Soft Commodities Cryptocurrency
Trading Platforms
MetaTrader 5 MetaTrader 4 WebTrader
★4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead XM review
2
About XM
Founded in 2009
Countries of registration:
Regulators:
XM Logo
2
★4.7/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4WebTrader
compare XM trading accounts

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

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inactivity fee.
  2. Standard account has a higher spread than the market average.

3. Libertex

Libertex Logo
Spread fromEURUSD0pips
Trading Assets
Forex Stocks Cryptocurrency ETF Precious Metals Energy Carriers Soft Commodities Indices Bonds
Trading Platforms
Libertex MetaTrader 4 MetaTrader 5
★4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead Libertex review
3
About Libertex
Founded in 1996
Countries of registration:
Regulators:
Libertex Logo
3
★4.7/5
Libertex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexStocksCryptocurrencyETFPrecious MetalsEnergy CarriersSoft CommoditiesIndicesBonds
Trading Platforms
LibertexMetaTrader 4MetaTrader 5
compare Libertex trading accounts

Libertex is an established broker with a broad range of instruments and a solid educational base. The Libertex and MT4/MT5 platforms support both self-directed trading and ready-made solutions: copy trading (Libertex Social), model portfolios, and curated investment ideas.

Traders get multiple account types for different styles, competitive costs with zero deposit fees, and convenient funding/withdrawal options. Regular research, an economic calendar, and trading signals help with planning and risk management. A limitation is the absence of fixed-spread and Islamic accounts, which may matter to some investors.

Pros and Cons of Libertex

Pros

  1. Tight spreads and attractive trading conditions.
  2. Wide selection of trading assets.
  3. A rich set of educational resources and market analysis.
  4. Strong platform lineup: proprietary Libertex and professional MT4/MT5.
  5. Copy trading and investing in stocks and ETFs are available.
  6. Instant, fee-free deposits and a wide choice of funding and withdrawal methods.

Cons

  1. An inactivity fee applies.
  2. No fixed-spread accounts and no Islamic accounts.

4. AMarkets

AMarkets Logo
Spread fromEURUSD0pips
Trading Assets
Forex Indices Cryptocurrency Stocks Bonds Precious Metals Energy Carriers Soft Commodities
Trading Platforms
MetaTrader 5 MetaTrader 4
★4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead AMarkets review
4
About AMarkets
Founded in 2007
Countries of registration:
Regulators:
AMarkets Logo
4
★4.4/5
AMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
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.

5. Roboforex

Roboforex Logo
Spread fromEURUSD0pips
Trading Assets
Forex Indices Stocks ETF Precious Metals Energy Carriers Soft Commodities Futures
Trading Platforms
MetaTrader 5 MetaTrader 4 R WebTrader R MobileTrader R StocksTrader
★4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead Roboforex review
5
About Roboforex
Founded in 2009
Countries of registration:
Regulators:
Roboforex Logo
5
★4.4/5
Roboforex review
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
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.

6. FxPro

FxPro Logo
Spread fromEURUSD0pips
Trading Assets
Forex Indices Cryptocurrency Stocks Precious Metals Energy Carriers Soft Commodities
Trading Platforms
MetaTrader 4 FxPro Edge MetaTrader 5 cTrader TradingView
★4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead FxPro review
6
About FxPro
Founded in 2006
Countries of registration:
Regulators:
FxPro Logo
6
★4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTraderTradingView
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.

7. Deriv

Deriv Logo
Spread fromEURUSD0.5pips
Trading Assets
Forex Indices Cryptocurrency Stocks ETF Precious Metals Energy Carriers
Trading Platforms
MetaTrader 5 Deriv X cTrader
★4.3/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead Deriv review
7
About Deriv
Founded in 2020
Countries of registration:
Regulators:
Deriv Logo
7
★4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5Deriv XcTrader
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.

8. NPBFX

NPBFX Logo
Spread fromEURUSD0.4pips
Trading Assets
Forex Indices Cryptocurrency ETF Stocks Commodities
Trading Platforms
MetaTrader 4
★4.2/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead NPBFX review
8
About NPBFX
Founded in 2016
Countries of registration:
Regulators:
NPBFX Logo
8
★4.2/5
NPBFX review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyETFStocksCommodities
Trading Platforms
MetaTrader 4
compare NPBFX trading accounts

NPBFX is suitable for novice and experienced traders, thanks to its extensive educational program, various account types, and set of trading instruments. The broker is particularly noteworthy for those who value quality technical analysis and a diversity of trading instruments.

Despite certain drawbacks, NPBFX provides quality service and can be used by most traders.

Pros and Cons of NPBFX

Pros

  1. A rich selection of analytical tools and resources.
  2. Extensive education section.
  3. A variety of trading account types.
  4. Numerous available methods for depositing and withdrawing funds.

Cons

  1. Lack of alternatives to the MetaTrader 4 platform.
  2. Regulation in an offshore jurisdiction.

9. xChief

xChief Logo
Spread fromEURUSD0pips
Trading Assets
Forex Precious Metals Indices Energy Carriers Cryptocurrency Stocks
Trading Platforms
MetaTrader 4 MetaTrader 5
★4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead xChief review
9
About xChief
Founded in 2014
Countries of registration:
Regulators:
xChief Logo
9
★4.1/5
xChief review
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
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. FreshForex

FreshForex Logo
Spread fromEURUSD0pips
Trading Assets
Forex Stocks ETF Indices Cryptocurrency Precious Metals Energy Carriers
Trading Platforms
MetaTrader 4 MetaTrader 5
★4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead FreshForex review
10
About FreshForex
Founded in 2003
Countries of registration:
Regulators:
FreshForex Logo
10
★4.1/5
FreshForex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
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FreshForex is a broker with a long history in the market, a wide selection of trading accounts, high leverage, and an affordable minimum deposit. It is suitable for active traders who value flexibility in choosing trading instruments, are interested in high-risk strategies, and are willing to work with an offshore company without licenses from leading global regulators. Thanks to the availability of a demo account, a variety of analytical materials, and training courses, FreshForex may also be of interest to novice traders who want to hone their skills without making large investments.

Pros and Cons of FreshForex

Pros

  1. Extensive experience (since 2004).
  2. Minimum deposit from $25.
  3. Wide selection of currencies and cryptocurrencies for accounts.
  4. Various analytical and educational materials.

Cons

  1. No licenses from reputable regulators.
  2. High spreads and commissions on a number of instruments.
  3. No PAMM accounts or copy trading.
  4. No online chat or support via messengers.

Forex and CFD Regulation in Ukraine: How to Read “Licenses” and “Regulators”

Ukraine’s financial market is supervised by several government authorities, each responsible for different areas of regulation. Because of this, when choosing a Forex or CFD broker it is important to understand one key point:

For international online brokers, the main question is usually not “Does the broker have a license in Ukraine?”, but “Which legal entity will be your counterparty and who regulates it (if anyone)?”

Most brokers that serve Ukrainian traders operate through foreign legal entities registered in other jurisdictions.

Important: The information below is provided for educational purposes only and should not be considered legal advice. Broker availability and regulations may change over time.

Who Regulates the Financial Market in Ukraine

Ukraine has two financial market regulators:

  • The National Bank of Ukraine (NBU)
  • The National Securities and Stock Market Commission (NSSC)

National Bank of Ukraine (NBU)

The National Bank of Ukraine regulates:

  • banks

  • insurance companies

  • credit unions

  • leasing and factoring companies

  • other non-bank financial institutions

The NBU maintains official registers of licensed institutions and supervises financial services within its regulatory scope.

National Securities and Stock Market Commission

The National Securities and Stock Market Commission (NSSMC) is responsible for:

  • capital market regulation

  • licensing professional market participants

  • oversight of securities trading activities

What This Means for Traders

The word “licensed” on a broker’s website does not automatically guarantee reliability or investor protection.

Instead, traders should focus on:

  • which legal entity provides the service

  • where that company is registered

  • which regulator supervises it (if any)

Registration vs Regulation

A common mistake among beginner traders is confusing company registration with financial regulation.

What a broker claimsWhat it may meanWhat it provides to clientsWhat you should verify
Regulated by FCA / CySEC / ASICThe company holds a license from a financial regulatorTypically stronger oversight and compliance standardsLicense number, entity name, regulatory status
Registered in SVG / BVI / SeychellesThe company is incorporated in an offshore jurisdictionRegistration alone does not necessarily mean financial regulationWhether the authority actually licenses brokers
“Regulated by…” without license numberMarketing language or incomplete informationCannot be independently verifiedRequest license number and registry link

How to Verify a Forex Broker’s License

Before opening an account, it is recommended to perform a few basic checks.

1. Identify the Legal Entity

Look for legal information on the broker’s website, typically in sections such as:

  • Client Agreement

  • Terms and Conditions

  • Legal Documents

Find the following details:

  • legal company name

  • country of registration

  • company address

  • license number (if applicable)

2. Check the Regulator’s Official Register

When verifying a license, look for:

  • company status (Authorised, Licensed, Registered, Warning)

  • permitted financial activities

  • trading names

  • official domain names listed by the regulator

3. Match the Brand With the Legal Entity

Many broker brands operate through multiple legal entities in different jurisdictions, for example:

  • a European-regulated entity

  • an offshore entity

  • a separate company for international clients

Make sure the entity that opens your trading account is the same entity that holds the claimed license.

4. Be Careful With Offshore Jurisdictions

Some jurisdictions allow companies to register a business, but they do not necessarily regulate Forex or CFD brokerage activities.

Before trusting such claims, check:

  • whether the regulator issues financial licenses to brokers

  • whether a public company register exists

Red Flags When Choosing a Broker

The following warning signs may indicate higher risk:

  • a broker claims regulation but does not provide a license number

  • the license belongs to a different legal entity

  • the stated “regulator” does not license Forex brokers

  • the company cannot be found in the official registry

What Matters Most for Traders in Ukraine

Even if a broker has a strong global reputation, Ukrainian traders should focus on three practical aspects:

  1. whether the broker accepts clients from Ukraine

  2. how deposits and withdrawals work

  3. currency conversion and payment fees

1. Availability for Ukrainian Residents

Before registering, check the following:

  • whether Ukraine can be selected during account registration

  • which documents are required for KYC verification

  • how long the verification process takes

  • whether the required trading instruments are available

  • whether customer support is available in Ukrainian, Russian, or English

Note: Broker availability by country can change over time, so it should be checked periodically.

2. Deposits and Withdrawals

For Ukrainian traders, broker convenience is often determined more by payment options than by advertised trading spreads.

Before opening an account, review:

  • available deposit and withdrawal methods

  • minimum deposit requirements

  • broker fees

  • payment system or bank fees

  • withdrawal processing times

  • withdrawal rules (for example, returning funds to the original payment method)

How to Evaluate Deposit and Withdrawal Conditions

ParameterWhy it mattersWhat is generally acceptable
Payment methodsDetermines usability of the accountAt least 2–3 available options
Broker feesAffects overall profitabilityClearly disclosed in advance
Withdrawal timeImportant for liquidity and risk controlTransparent processing times
KYC requirementsCommon cause of withdrawal delaysClear list of documents
Payment currenciesDetermines conversion costsTransparent conversion rules

3. Account Currency and Conversion

Most international brokers offer base account currencies such as:

  • USD
  • EUR

If your deposit currency differs from your account currency, currency conversion may occur.

Conversion can happen:

  • at the bank or payment provider
  • when the broker credits funds to your account
  • when funds are withdrawn

Tips to Reduce Conversion Costs

  • open your account in the same currency you plan to deposit (if possible)
  • review conversion rates before depositing
  • consider both bank and broker conversion fees

Sometimes currency conversion costs exceed trading commissions.

How the List of Top Forex Brokers in Ukraine Was Compiled

The selection of the best Forex brokers in Ukraine was based on weighted criteria:

  1. The ranking of brokers was done considering our Forex broker list.
  2. Brokers received high scores according to our methodology.
  3. All presented companies are popular in Ukraine and provide services for Ukrainian traders.

These standards ensure that the brokers included in our list meet strict criteria for reliability and offer the trading conditions necessary for safe and effective Forex market operations.

FAQ

Which Forex brokers accept clients from Ukraine?

Ukrainian traders typically use international brokers that accept clients from Ukraine and operate through foreign legal entities.

Before registering, check:

  • whether the broker accepts Ukrainian residents

  • which legal entity is specified in the agreement

  • whether that entity has verifiable regulation

How to Verify a Forex Broker's License?

License verification usually involves three steps:

  1. identify the legal entity in the broker’s documents

  2. locate the license number

  3. verify the company in the regulator’s official registry

Remember that company registration and financial regulation are not the same thing.

Is Forex Trading Legal in Ukraine?

Ukrainian traders generally have access to platforms offered by international brokers. However, trading conditions and availability may vary depending on the broker.

Before trading, it is recommended to:

  • review broker terms carefully

  • verify regulatory status

  • understand the risks involved

Trading CFDs and leveraged products carries a high level of risk.

What is the minimum age to open a trading account?

Most brokers allow account opening only for individuals 18 years or older. Age verification is typically performed during the KYC verification process.

Where to Find Forex Brokers with the Lowest Commissions?

You can find Forex brokers offering low commissions by studying ratings and reviews on specialized financial websites. It is important to consider not only the commission size but also other trading conditions and the quality of service. You can start with our list of Forex brokers with low spreads.

Where Can I Read Reviews About Forex Brokers?

You can read reviews about Forex brokers on our website in the broker reviews section. We provide access to the opinions and feedback of real traders, allowing you to obtain independent and objective information about the performance of various brokerage companies.

How to Start Trading Forex?

To start trading Forex, you need to choose a reliable broker, register a trading account, deposit funds, and download a trading platform. For beginner traders, it is recommended to practice on a demo account first.

What Is a Broker Rating and How Does It Help in Making a Choice?

A broker rating is a list of brokerage companies evaluated based on various criteria such as reliability, trading conditions, quality of service, and user reviews. Such a rating helps traders navigate and choose the right broker.

What Advantages Do the Best Forex Brokers Offer?

The best Forex brokers offer competitive spreads, low commissions, a variety of trading instruments, high-quality customer support, educational materials, and modern trading platforms.

How to Open an Account with a Forex Broker?

To open an account with a Forex broker, you need to register on the broker's website, provide the necessary documents for verification, and make an initial deposit. After that, you can start trading.

Which Brokers Offer Free Trading Education?

Many Forex brokers for beginners offer free education in the form of webinars, video tutorials, e-books, and analytical materials. This helps to master the basics of Forex trading.

Mykola Zavarov - AuthorMykola ZavarovAuthor

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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Disclaimer:IamForexTrader.com is not responsible for any trading decisions made by the Client and for any financial losses that may occur as a result of using the information provided on this website. Full version.

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