Best Forex Brokers Syria 2022

To come up with this list, we have tested forex brokers Syria.

We opened a real account and deposited between $4,000 and $6,000 with each broker. Afterward, we placed actual trades in each market so as to get the real picture.

We also reached out to the customer support team, to see whether they are able to solve the problems we faced. Finally, we withdrew our funds, to check the withdrawal process.

We handpicked the best forex brokers Syria based on our trading data and experience as a trader.

Is Forex available in Syria? The Financial Regulatory Authority in Syria

Syria is located in Western Asia. It has borders with Turkey in its north, the Mediterranean in its west, and Iraq in its east. During the last years, the conflict in Syria impacted the country immensely. It has also had a tremendous impact on the country’s economy.

When we talk about Forex trading in Syria, we should take into consideration that it might be restricted in the country. At present, the majority of Brokers worldwide do not accept Syrian traders. Even if brokers accept Syrian traders, there still might occur difficulties in transferring money to or from the broker. Thus, the only options might remain offshore or international brokers.

We recommend choosing among brokers with additional regulations and entities. It is more advisable to choose brokers from the UK, and Australia with top-tier licenses such as ASIC, FCA, or CySEC and open an account under its international entity for safety. Moreover, if you want to trade in Iran, we separated a list of the safe forex brokers for Iranian.

In the country, there is no separate local regulator for Forex Trading. The financial regulator in Syria is The Central Bank. Its main task is to promote and ensure transparency and effectiveness of the financial sector.  

The official website of the Central Bank of Syria (CBS) is www.cbs-bank.sy.

🏦Regulator	The Central Bank of Syria (CBS)
🛡️Is It safe to trade	No
🔒Negative Balance Protection	No
💰Compensation Scheme	No

Best Forex Brokers in Syria

In Syria, there is no local regulation for Forex Trading, thus trading is available only with international or offshore brokers that accept traders from the country. We recommend signing only with reliable firms as money safety in trading goes first.

Before signing with a certain broker, Syrian traders should verify if accounts are supported by necessary payment methods. Another important aspect that clients should consider, is customer support. It is essential to find out first, whether the customer team provides help in the preferred language.

When talking about forex brokers Syria, it is essential to mention the availability of Islamic and Swap-free accounts. The majority of Syrian traders look for brokers with Islamic and Swap-free accounts, as their faith does not allow them to trade otherwise.

We have tested a number of forex brokers Syria to come up with a list of the best brokers that are heavily regulated and are trustworthy:

• FXTM – Best Overall Forex Broker in Syria
• FxPro – Best Forex Broker for Beginners in Syria
• Amana Capital – Best Web Forex Broker in Syria
• Admiral Markets – Best Mobile Forex Broker in Syria

The Most Trusted Forex Broker Syria Overall

We picked FXTM as the best overall forex broker Syria. 

Headquartered in Cyprus, ForexTime was founded in 2011. The broker is heavily regulated in the United Kingdom, Cyprus, South Africa, and Mauritius. FXTM offers trading instruments in a number of categories: forex pairs, indices, commodities, stocks, cryptocurrencies, spot metals, and real stocks.

FXTM offers three main account types: Standard Account, Cent Account, and Stock CFDs Account. Generally, the broker’s fees are built into the spreads. Spreads are normally equal to the industry average. However, on Standard and Stock CFDs accounts spreads are on the higher side.

With FXTM traders have access to 3 main trading platforms: MT4, MT5, FXTM Trader (proprietary mobile platform). The broker’s customer support is excellent. Traders have several options to contact the customer support team: live chat, email, phone, and inquiry form.

Best Forex Brokers for Beginners in Syria

We picked FxPro as the best beginner forex broker Syria.

FxPro was founded in 2006 and is located in the UK. The broker offers CFDs for multiple categories: forex, shares, spot indices, futures, spot metals, and spot energies. FxPro is heavily regulated in several jurisdictions: the United Kingdom, Cyprus, South Africa, and The Bahamas.

FxPro accounts are based on the trading platforms and execution type. Traders have a chance to choose from different trading platforms: MetaTrader4, MetaTrader5, cTrader, FxPro (EDGE) (Proprietary platform).

We have chosen FxPro as the best forex broker Syria for beginners, as its educational section is great, with quality materials. The broker offers text-based tutorials, video tutorials on trading, explaining videos for tools, and a Demo account. Both beginner and professional traders can find useful materials

Best Web Trading Platform Syria

We picked Amana Capital as the best web forex broker Syria. 

Amana Capital is a forex and CFDs broker with offices in Dubai, London, Limassol, and Beirut. Amana Capital offers trading instruments in multiple categories: forex, indices, commodities, cryptocurrencies, and shares CFDs. The broker is tightly regulated by top-tier regulators such as FCA, CySEC, CMA, etc. Amana Capital offers the traders multiple deposit methods: bank transfers, credit and debit cards, online wallets like Neteller and Skrill, and many other popular methods.

The broker has different account types: Amana Classic, Amana Active, Shares Account, and Amana Elite. The traders can conduct their trades on MT4 and MT5 trading platforms. We have chosen Amana Capital as the best web forex broker Syria as its web platforms are really great and favorable to conduct successful and profitable trading.

Best Mobile Trading Platform in Syria

We picked Admiral Markets as the best mobile forex broker Syria.

Admiral Markets was founded in 2001 in Estonia. It is a global Forex and CFDs broker. The broker is heavily regulated in different jurisdictions: Australia, the United Kingdom, Cyprus, and Estonia. With the broker, traders have access to multiple tradable instruments: forex pairs, indices, stocks, commodities, and cryptocurrencies.

Admiral Markets offers its customers 5 account types: Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, and Zero.MT5. The broker also has Islamic accounts for its Muslim traders. The main trading platforms of Admiral Markets are MetaTrader 4 and MetaTrader 5. We have chosen Admiral Markets as the best mobile forex broker Syria based on the fact that its mobile trading platform enables traders to conduct favorable trading and have access to the essential tools and features.

List of Forex Trading Brokers for Syria Traders

There are not so many available and trustworthy forex brokers Syria. Traders should be very careful in choosing a broker. To be helpful we have come up with a list of forex brokers Syria, though it is limited.

Syria Forex Broker	About Our Test	Our Review
Admiral Markets	Deposit Amount: Over €4,500 Total Trade: 12 trades	Admiral Markets Review
XTB	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
Trading 212	Deposit Amount: Over €5,500 Total Trade: 15 trades	Trading 212 Review
FXTM	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
FxPro	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Admiral Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	Admiral Markets Review
Amana Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review

FAQ and More on Forex Trading in Syria

Traders may have many questions related to trading in Syria. We tried to choose and answer some of the most important questions related to the forex brokers Syria.

How to Verify Syria Regulated Broker?

In Syria, there is no special regulator for Forex Trading. The financial sector is controlled by the Central Bank of Syria. Syrian traders are commonly recommended to choose international forex brokers with tight regulations, such as ASIC, FCA, or CySEC.

Many traders wonder how they can verify a forex broker in Syria. Actually, the easiest way is to confirm it on the broker’s website. Generally, all the brokers put the information on their official websites. All brokers provide information about the restricted regions where they do not operate due to regulatory restrictions.

Swap-Free Accounts in Syria

A swap-free account is an account that does not charge any fees for the swaps (rollovers) that occur when you hold a position overnight. We have tested several forex brokers Syria, to see if they offer swap-free accounts. As a result, we came up with two trustworthy forex brokers Syria that offer swap-free accounts:

• FxPro
• Admiral Markets

Tax in Syria for Forex Trading

There is no much information on tax in Syria for forex trading. Anyway, the Syria Personal Income Tax Rate ranges from 5% to around 22%. The tax is commonly collected from individuals and imposed on different sources like labor, pensions, etc., in order to generate revenue for the government.

However, it is up to Syrian forex traders to submit tax forms to the country institutions responsible for taxation. It is essential to be careful, to avoid fines and other complications that can be a result of tax delay or altogether tax evasion.