Best Forex Brokers in Ukraine 2024

Last updated Oct 8, 2024

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
    IC Markets Logo
    IC Markets - Best Forex broker in Ukraine - A wide range of trading assets. Low spreads. Variety of trading platforms.
  2. 2
    Roboforex Logo
    Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  3. 3
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  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
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
  6. 6
    Oanda Logo
    Oanda - Tight spreads. Diverse markets and products. Advanced trading platforms.
  7. 7
    InstaForex Logo
    InstaForex - Large selection of trading instruments. PAMM accounts and the ForexCopy automatic trade copying service for passive income. 24/7 efficient customer support.
  8. 8
    Libertex Logo
    Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. Rich selection of educational materials and analytics.
  9. 9
    Alpari Logo
    Alpari - A wide range of trading accounts. Flexible conditions for depositing and withdrawing funds. Diversity of trading platforms.
  10. 10
    Gerchik & Co Logo
    Gerchik & Co - Transparent information about the broker's owners. A large number of trading accounts. Decent services that can help improve Forex trading.

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.

Top 10 Forex Brokers in Ukraine 2024

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$200
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$100
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
$1
6
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Foundation Year2001
Minimum Deposit
$1
7
Register71.99% of retail investors lose money when trading CFDs with this broker
Foundation Year2007
Minimum Deposit
$1
8
Register74.91% of retail investors lose money when trading CFDs with this broker
Foundation Year1996
Minimum Deposit
$100
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year1998
Minimum Deposit
$50
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2015
Minimum Deposit
$100

1. IC Markets

IC Markets Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4cTraderTradingView
compare IC Markets trading accounts

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

  1. A wide range of trading assets.
  2. Low spreads.
  3. Variety of trading platforms.
  4. Quality educational materials.
  5. Efficient customer support service.

Cons

  1. High minimum deposit.

2. RoboForex

Roboforex Logo
2
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.

3. FxPro

FxPro Logo
3
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 5cTrader
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.

4. AMarkets

AMarkets Logo
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
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. Deriv

Deriv Logo
5
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
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.

6. Oanda

Oanda Logo
6
4.3/5
Oanda review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft CommoditiesBonds
Trading Platforms
MetaTrader 5MetaTrader 4TradingViewfxTrade
compare Oanda trading accounts

Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.

With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.

Pros and Cons of Oanda

Pros

  1. Tight spreads.
  2. Diverse markets and products.
  3. Advanced trading platforms.
  4. Quality analytics.
  5. Extensive learning section.

Cons

  1. Limited trading account types.
  2. Inactivity fee.
  3. High swaps.

7. InstaForex

InstaForex Logo
7
Register71.99% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4InstaForex Webtrader
compare InstaForex trading accounts

InstaForex is a popular broker that offers a wide range of trading instruments and specialized accounts. The unique possibility of accruing interest on the account balance, ForexCopy's automatic transaction copying service, and support for cryptocurrency trading make InstaForex an attractive choice for a variety of traders. Customer support is available round the clock, and account replenishment does not charge any commission, which is a significant plus.

InstaForex is suitable for beginner traders and investors interested in passive income through PAMM accounts, as well as for those looking for innovative features such as cryptocurrency trading and automatic trade copying.

Pros and Cons of InstaForex

Pros

  1. Large selection of trading instruments.
  2. PAMM accounts and the ForexCopy automatic trade copying service for passive income.
  3. 24/7 efficient customer support.
  4. Wide range of methods for depositing and withdrawing funds.
  5. Decent analytical section.

Cons

  1. Trading commissions are above average.
  2. No trading accounts with market execution of orders (ECN or STP).
  3. Broker commission on fund withdrawals.

8. Forex Club Libertex

Libertex Logo
8
Register74.91% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksCryptocurrencyETFPrecious MetalsEnergy CarriersSoft CommoditiesIndicesBonds
Trading Platforms
LibertexMetaTrader 4MetaTrader 5
compare Libertex trading accounts

Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.

Pros and Cons of Libertex

Pros

  1. Tight spreads and attractive trading conditions.
  2. Wide selection of trading assets.
  3. Rich selection of educational materials and analytics.

Cons

  1. High swaps and inactivity fee.

9. Alpari

Alpari Logo
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyPrecious MetalsEnergy CarriersStocks
Trading Platforms
MetaTrader 5MetaTrader 4
compare Alpari trading accounts

Alpari has established itself as a stable and reliable broker, providing its services on Forex for over 20 years. The broker is widely popular among professional traders due to its wide range of trading accounts and instruments and convenient and practical services for investing—PAMM accounts and portfolios. Beginning traders will find quality support, training courses, and favorable trading conditions at Alpari.

Overall, Alpari is an excellent choice for beginners and professional traders.

Pros and Cons of Alpari

Pros

  1. A wide range of trading accounts.
  2. Flexible conditions for depositing and withdrawing funds.
  3. Diversity of trading platforms.

Cons

  1. Licensing in the Comoros does not provide the same level of investor protection as in countries with stricter regulators.
  2. Fees for fund withdrawal and inactivity charges.
  3. Limited choice in terms of different asset classes.

10. Gerchik & Co

Gerchik & Co Logo
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5MetaTrader 4
compare Gerchik & Co trading accounts

Gerchik & Co. serves as a commendable platform for traders of all levels. The wide array of trading instruments and platforms makes this broker attractive to novices and seasoned traders.

The educational materials provided by the broker can be particularly beneficial for beginners and those looking to deepen their knowledge. In addition, the broker offers a variety of technical support communication options, which can be valuable for traders requiring immediate assistance.

This broker is suitable for novice and experienced traders due to its comprehensive approach and attention to detail regarding trading and education.

Pros and Cons of Gerchik & Co

Pros

  1. Transparent information about the broker's owners.
  2. A large number of trading accounts.
  3. Decent services that can help improve Forex trading.
  4. Educational courses, webinars, analytics.
  5. Opportunity for passive income on TIMA accounts.
  6. Contests on demo accounts and broker promotions.

Cons

  1. High commission for transactions on certain types of accounts.
  2. The website and personal account area may seem inconvenient (according to reviews).
  3. High deposit requirements for training or using services.

Regulation of Forex Brokers in Ukraine

The primary regulatory body responsible for the activities of Forex brokers in Ukraine is the National Bank of Ukraine (NBU). To legally operate in the Ukrainian market, brokers must obtain an NBU license, a sign of their reliability and compliance with established financial standards. Forex brokers with an NBU license must adhere to strict financial regulations, including maintaining an adequate level of capitalization and abiding by the rules for conducting trading operations.

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 Operate in Ukraine?

Both local and international Forex brokers operate in Ukraine. They offer various services and trading platforms tailored to the needs of Ukrainian traders. Before choosing a broker, it is recommended to check the broker's license and reputation.

How to Verify a Forex Broker's License?

You can verify a Forex broker's license on the official website of the regulatory authority that issued the license. In Ukraine, the main regulator is the National Bank of Ukraine (NBU). It is also advisable to check for licenses from other international regulators.

Yes, it is. Forex trading is legal in Ukraine, but traders should use the services of licensed and regulated brokers to ensure the safety and reliability of their trading operations.

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

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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