Best Forex Brokers in Ukraine 2024
In 2024, the Ukrainian Forex market offers traders a wide selection of companies, each distinguished by unique advantages and conditions. 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 Best Forex Brokers in Ukraine
We have researched dozens of companies thoroughly and selected the most reliable and convenient trading in Ukraine. Below are reviews of the best Forex brokers in Ukraine, which will help you make an informed choice. Our reviews include each broker's detailed characteristics and honest feedback from traders who have already tried their services. Whether you're new to Forex or looking for an optimal partner for trading in financial markets, our reviews will help you avoid mistakes and choose the best broker to achieve your financial goals.
1. 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.
Advantages of IC Markets
- Regulation. IC Markets is regulated by two serious financial regulators, ASIC and CySEC, which guarantees client funds protection and trading conditions fairness.
- A wide range of trading instruments. IC Markets clients can trade various assets, including currency pairs, stocks, indices, commodities, and cryptocurrencies.
- Low spreads. IC Markets offers some of the lowest spreads on the market, making trading more accessible and cost-effective.
- MetaTrader, cTrader, and TradingView platforms. These platforms are widely recognized for their advanced trading features and analysis tools.
- Educational materials. The broker offers high-quality training materials suitable for beginners and experienced traders.
- Efficient customer support service. IC Markets clients note the high level of customer support service, which responds quickly and professionally to problems and questions.
Disadvantages of IC Markets
- High minimum deposit. The entry threshold for opening a trading account with IC Markets is relatively high and may be inconvenient for novice traders or those who do not want to invest large sums at once.
- A limited number of withdrawal options. The options for withdrawing funds from IC Markets are limited, which may cause inconvenience, especially for clients who prefer specific payment systems.
2. 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.
Advantages of Roboforex
- A variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and R StocksTrader.
- Over 12,000 trading instruments, including currency pairs, stocks, indices, ETFs, commodities, metals, and cryptocurrencies.
- Different types of accounts for traders of all experience levels, including accounts with ECN and STP access.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and commissions, as well as the ability to trade with high leverage.
Disadvantages of Roboforex
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
3. 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.
Advantages of FxPro
- Various trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge, provide flexibility and convenience in trading.
- A diverse range of available markets and products, including currency pairs, CFDs on indices, stocks, commodities, futures, and cryptocurrencies.
- Analytical tools, including signals from Trading Central and Autochartist functionality.
- Extensive educational materials, including free courses, articles, videos, and webinars, contribute to the development of traders.
Disadvantages of FxPro
- An inactivity fee is charged after six months of no position opening or closing.
- Average trading commissions. FxPro does not have the tightest spreads in the market and not the most minuscule trading commission per transaction.
- Absence of cent accounts and services for copying trades of successful traders.
4. 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.
Advantages of AMarkets
- A wide range of trading instruments, including currencies, stocks, indices, commodities, and cryptocurrencies.
- Extensive analytical capabilities using modern tools and trading robots.
- No commissions on many operations.
- Convenience and simplicity of opening an account and managing it.
Disadvantages of AMarkets
- Not the most extensive educational materials. The broker offers essential resources such as a blog and FAQ but lacks deeper educational content such as webinars, courses, etc.
- The broker does not offer a trading platform, which may disadvantage those seeking a unique trading solution.
- On some assets, spreads are higher than those of competing Forex brokers.
5. 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.
Advantages of Deriv
- Relatively reliable with licenses from various global regulators.
- 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 is suitable for traders of different levels.
- High-quality technical support with fast and effective responses.
Disadvantages of Deriv
- 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.
6. Oanda
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.
Advantages of Oanda
- Strict Regulation. Oanda is regulated by leading financial authorities worldwide, ensuring high security.
- Tight Spreads. Oanda offers competitive and transparent spreads.
- Diverse Markets and Products. The broker provides a wide selection of assets, from Forex and CFDs to indices and commodities.
- Advanced Trading Platforms. Oanda supports MetaTrader 4 and 5 and its proprietary platform, fxTrade.
- Quality Analytics. Automatic pattern recognition, advanced tools for MetaTrader, a currency converter, and other resources are provided.
- Extensive Learning Section. Oanda offers rich educational materials and resources, including webinars, videos, and articles.
Disadvantages of Oanda
- Limited Account Types. Oanda offers only one standard type of account, which may not be suitable for traders with different needs.
- Inactivity Fee. An inactivity fee may be charged if the account is not used for an extended period.
- High Swaps. Oanda has relatively high swap rates, which could reduce the profitability of long-term trades.
7. InstaForex
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.
Advantages of InstaForex
- Large selection of trading instruments.
- PAMM accounts and the ForexCopy automatic trade copying service for passive income.
- 24/7 efficient customer support.
- Wide range of methods for depositing and withdrawing funds.
- Decent analytical section.
Disadvantages of InstaForex
- Trading commissions are above average.
- No trading accounts with market execution of orders (ECN or STP).
- Broker commission on fund withdrawals.
8. Forex Club Libertex
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.
Advantages of Libertex
- Reliability and regulation.
- Tight spreads and attractive trading conditions.
- Wide selection of trading instruments.
- Rich selection of educational materials and analytics.
Disadvantages of Libertex
- Absence of specialized accounts - such as Islamic accounts and accounts for passive investing.
- High swaps and inactivity fee.
- No email address provided for support contact and no chat on the website. The only quick way to contact support is by phone, which may be inconvenient for some traders.
9. Alpari
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.
Advantages of Alpari
- A wide range of trading accounts. Broker Alpari offers a variety of trading accounts suitable for different types of traders and investors.
- Flexible conditions for depositing and withdrawing funds. Broker Alpari provides flexible and competitive conditions for depositing and withdrawing funds.
- Diversity of trading platforms. Alpari offers a variety of trading platforms that meet the needs of most traders.
- Effective technical support. Alpari provides user support at all stages of service.
Disadvantages of Alpari
- Licensing. Licensing in the Comoros does not provide the same level of investor protection as in countries with stricter regulators.
- Fees for fund withdrawal and inactivity charges. Alpari may charge fees for fund withdrawal and inactivity, which can be off-putting for some clients.
- Limited choice in terms of different asset classes. Although broker Alpari offers a wide selection of assets for trading, some competitors offer a greater variety in terms of different asset classes.
10. Gerchik & Co
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.
Advantages of Gerchik & Co
- Transparent information about the broker's owners.
- A large number of trading accounts.
- Decent services that can help improve Forex trading.
- Educational courses, webinars, analytics.
- Opportunity for passive income on TIMA accounts.
- Contests on demo accounts and broker promotions.
Disadvantages of Gerchik & Co
- High commission for transactions on certain types of accounts.
- The website and personal account area may seem inconvenient (according to reviews).
- High deposit requirements for training or using services.
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:
- The ranking of brokers was done considering our Forex broker list.
- Brokers received high scores according to our methodology.
- 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.
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 to Choose a Reliable Broker
Selecting a Forex broker is crucial for successful trading in the international currency market. To identify a suitable Forex broker in Ukraine, it's essential to carefully evaluate a range of critical parameters that meet your personal requirements and trading style. It's necessary that the chosen broker meets your expectations and is free of drawbacks that could hinder your trading. When choosing a Forex broker, consider the following aspects:
Broker Regulation. Give preference to brokers regulated by authoritative regulatory bodies such as the NBU, FCA, ASIC, and CySEC, which ensures the broker's reliability and transparency.
Account Types. The choice of account type should match your experience and trading capital size. Assess whether the broker offers accounts that are suitable for you.
Trading Platforms. The convenience and functionality of trading platforms are crucial, so choose a broker with the most comfortable platforms.
Trading Conditions. It is crucial to evaluate conditions such as spreads, commissions, minimum deposit, and lot sizes to ensure they meet your requirements.
Customer Support. Check the quality and responsiveness of the support service and the availability of communication methods that are convenient for you.
Considering all these criteria, you can make an informed choice of a Forex broker. We recommend starting with a demo account to practically test the broker's services.
Conclusion
Choosing the right Forex broker is crucial to successful trading in the currency market. Reliability, regulation, trading conditions, and the quality of customer support are all critically important factors to consider when making a decision. Our list of the best Forex brokers in Ukraine is designed to assist you in this complex choice, providing all the necessary information and recommendations based on thorough analysis and feedback from real users. We hope that the data provided will be helpful in your search for a broker that meets your individual needs and will enable you to embark confidently on the path of financial independence and success in Forex trading.
