Best Forex Brokers Yemen 2022

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

We opened a real account and deposited between $4,000 and $6,000 with each broker. To get the accurate picture, we placed real trades in each market.

Also, we contacted the cutomer team, to check their ability of solving our problems. Finally, we withdrew our funds, to check the withdrawal process.

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

Is Forex Trading available in Yemen?

The Republic of Yemen is located in Western Asia with Saudi Arabia to the north and Oman to the northeast. Yemen’s economy has suffered greatly since the Civil war that started in 2014. However, the country is rich in gold, nickel, petroleum, copper, and other minerals. The country depends mostly on its oil resources, though the latter has suffered considerable decline lately.

When it comes to Forex Trading, many can doubt whether it is legal in the country or not. In reality, Forex Trading is legal in Yemen and has seen a considerable increase in recent years.

In the country, all kinds of financial activities are controlled by the Central Bank of Yemen. The Bank ensures a favorable environment in the country that will accommodate the growth and development.

The official website of the Central Bank of Yemen is www.centralbank.gov.

🏦Regulator	The Central Bank of Yemen
🛡️Is It safe to trade	Yes
🔒Negative Balance Protection	No
💰Compensation Scheme	No

Best Forex Brokers in Yemen

Although the country’s financial sector is regulated by the Central Bank of Yemen, offering forex trading to the residents does not require special authorization. Even so, Yemeni traders are recommended to choose a trustworthy broker with tight regulation preferably from Cysec, FCA, FSCA, or ASIC.

In choosing a forex broker Yemen, we recommend traders pay attention to some essential points. First, tight regulation is obligatory, as money safety in trading goes first. Next, it is important to pay attention to the payment methods and whether they are available in Yemen. Another important point is customer support. Traders should check whether the team offers services in their prefered language.

Also, when choosing a forex broker Yemen, it is of utmost importance to pay attention to its available accounts. Traders should check whether the broker offers Islamic or Swap-free accounts, as due to their faith they will not be able to trade otherwise.

We have tested a number of forex brokers Yemen to be able to come up with a list of reliable brokers:

• XTB – Best Broker Yemen Overall
• Trading 212 – Best Forex Broker for Beginners in Yemen
• ActivTrades – Best MT4 Trading Platforms Broker Yemen
• FXTM – Best ECN Account Broker Yemen

Best Broker Yemen Overall

We picked XTB as the best overall forex broker Yemen. 

XTB was founded in 2002. It is a Forex and CFDs broker with licenses in the UK, Cyprus, Poland, Spain, and Belize. The broker offers trades in the following markets: Forex, Indices, Stocks, Commodities, ETFs, Cryptocurrencies.

XTB offers 2 account types: the Standard, and PRO accounts. The broker also offers Swap-free accounts. XTB supports deposits through debit/credit cards, bank transfers, and e-wallets such as Skrill, and PayPal. As to the trading platforms, XTB offers its proprietary trading platform xStation. However, traders also have access to the popular MT4 platform.

XTB education section is also very good with useful materials, such as webinars, ebooks, video tutorials about the platform, educational videos, etc.

Best Forex Brokers for Beginners in Yemen

We picked Trading 212 as the best forex broker Yemen for beginners.

Founded in 2004 and headquartered in London, Trading 212 is a global Forex and CFD broker regulated by the UK Financial Conduct Authority (FCA) and by the Bulgarian Financial Supervision Commission (FSC). The broker offers its services in the following markets: Indices, Forex, Commodities, Stocks, Cryptocurrencies.

The broker offers two account types: the Invest and CFD accounts. Deposits with Trading 212 are free and fast and are supported by the following methods: bank wires, credit and debit cards, as well as e-wallets such as Skrill, and PayPal.

We have chosen Trading 212 as the best forex broker Yemen for beginners, as its educational resources are perhaps one of the best in the industry. Its video tutorials course is very informative and easy to understand. The broker also offers text tutorials, educational articles, and a demo account

Best MT4 Trading Platforms Broker Yemen

We picked ActivTrades as the best MT4 forex brokers Yemen.

Founded in 2001, ActivTrades is a global Forex and CFDs broker. It is located in London, United Kingdom. The broker is tightly regulated in the United Kingdom, Luxembourg, and the Bahamas. ActivTrades offers trading instruments in multiple markets: Forex, indices, stocks, and commodities. It has two main account types: the Individual Account and the Islamic Account.

We have chosen ActivTrade as the best MT4 forex broker Yemen, as its MetaTrader 4 platform is rather good with all the essential smart tools and features that support successful trading. The platform is also very good for automated trading.

Best ECN Account Broker Yemen

We have picked FXTM as the best ECN forex broker Yemen.

ForexTime was founded in 2011. It is heavily regulated in the United Kingdom, Cyprus, South Africa, and Mauritius. With FXTM traders have access to multiple categories: forex pairs, indices, commodities, stocks, cryptocurrencies, spot metals, and real stocks.

The broker has three main account types: Standard Account, Cent Account, and Stock CFDs Account. FXTM offers the traders to conduct their trades on its FXTM Trader proprietary mobile platform. Also, it offers the popular MT4 and MT5 platforms.

We have chosen FXTM as the best ECN forex broker Yemen as it is one of the best brokers with ECN technology.

List of Best Brokers for Yemen Traders

Though it was not very easy to find available forex brokers in the country, we have tested many regulated brokers and came up with a forex brokers Yemen list.

Yemen Forex Broker	About Our Test	Our 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
ActivTrades	Deposit Amount: Over €5,000 Total Trade: 12 trades	ActivTrades Review

FAQ and More on Online Forex Trading in Yemen

Traders often have trading-related questions about Forex Trading in Yemen. To be helpful, we picked some of the most essential questions related to Forex brokers Yemen and came up with answers to them.

How to Verify Yemen Regulated Broker?

Many traders may wonder how they can verify a forex broker Yemen. In the country, the financial market is controlled by the Central Bank of Yemen. Traders can check for relevant information on the institution’s official website.

However, another option of verifying a forex broker Yemen, is looking for the information on the brokers website. Commonly all brokers mention in what regions and countries they are available, and what regions are restricted for trading.

Best Free Forex Signals Yemen

Forex signals are a combination of factors that may suggest when to buy or sell currencies. Signals can be derived from fundamental analysis, technical studies, etc. Forex Signals can be very helpful both for beginner and professional traders. Anyway, the choice of the broker is very important.

For this, we have chosen two forex brokers Yemen with Forex Signals:

• Admiral Markets
• FXTM

Yemen Brokers with No Deposit Bonus

Unfortunately, none of the forex brokers Yemen offer a no deposit bonus.

Tax in Yemen for Forex Trading

There is no information on whether forex trading is taxable in Yemen or not. Generally, the income tax in the country starts from 15% and is considered one of the important sources of income for the country’s government. 

It is up to traders to check with Yemen Tax Authority whether their trading incomes are subject to taxation. Every trader is responsible for filing tax forms to the relevant body of the country to avoid further penalties and fines.