For this list, we have searched and tested several forex brokers Afghanistan.
We opened real accounts and deposited between $4,000 and $8,000 with each broker, to be able to select the best brokers Afghanistan with best offerings.
Then we tested the work of the customer support team. It was essential to test their dedication and ability to help.
We handpicked the best forex brokers Afghanistan based on our trading data and experience as a trader.
Afganistan Regulated Forex Brokers
The Islamic Emirate of Afghanistan is located at the crossroads between Central and South Asia. Afghanistan is a country with rough physical geography which makes development slow in this area. The lack of political stability has also played an important role in why Afghanistan continues to be among one of the least developed nations today, even though it has some natural resources, like oil.
In the country, forex trading is not prohibited, though there are no forex regulatory bodies in Afghanistan.
The financial sector in Afghanistan is regulated by the Da Afghanistan Bank (Central Bank). The bank’s main task is regulating and supervising banks, FX dealers, and MSPs which includes issuing licenses for these types of businesses to operate legally within the country or regionally.
The Da Afghanistan Bank’s official website is www.dab.gov.
| 🏦Afganistan Regulator | Da Afghanistan Bank |
| 📊Max. Leverage | No Max. Leverage |
| 🛡️Is It safe to trade | Yes |
| 🔒Negative Balance Protection | No Negative Balance Protection |
| 💰Compensation Scheme | No Compensation Scheme |
Best Forex Brokers in Afghanistan
Finding a forex broker Afghanistan can be difficult, as there are few brokers that accept traders from the country. We recommend signing only with reliable firms as money safety in trading goes first, also it is essential to verify if accounts are supported by necessary payment methods. Another important point to pay attention to is whether the customer support team is able to support traders in their preferred language.
We tested and reviewed several forex brokers Afghanistan. We opened live accounts and deposited real money to be able to select the best brokers that are able to satisfy traders’ needs based on factors such as spreads/commissions rate, trading platform quality, and other no less important factors.
Here are our top picks for forex brokers Afghanistan:
- FXTM
- XTB
- FxPro
- Trading 212
Best Forex Broker in Afghanistan Overall
We have picked XTB as the best overall forex broker Afghanistan.
Founded in 2002, XTB is a global Forex and CFD broker. The broker is headquartered in London and Warsaw. It holds licenses in the UK, Cyprus, Poland, Spain, and Belize.
The broker’s spreads on Forex pairs are quite low. The spreads on commodities, stocks, indices, and cryptocurrencies are mostly in-line with industry averages. XTB has 2 account types: Standard, and PRO accounts. XTB also offers a forex swap-free Account. The broker offers free and fast deposits through bank wires, credit and debit cards, and e-wallets such as Skrill and PayPal.
Traders have access to their proprietary trading platform xStation, as well as the popular forex trading app MetaTrader 4 (MT4) platform.
Best ECN Forex Brokers for Afganistan
We have picked FXTM as the best ECN forex broker Afghanistan.
FXTM was founded in 2011 and is headquartered in Cyprus. The broker holds multiple licenses in the United Kingdom, Cyprus, South Africa, and Mauritius. FXTM offers trading instruments in the following categories: forex pairs, indices, commodities, stocks, cryptocurrencies, spot metals, and also real stocks.
The broker’s deposits are quick and easy. Clients can select the most convenient option for them from many: international wire transfers, credit cards, several local bank transfers, and popular e-wallets like Skrill, Neteller, and Paypal.
FXTM offers its traders three trading platforms: MT4, MT5, and FXTM Trader (proprietary mobile platform). As to account types, FXTM has Standard Account, Cent Account, and Stock CFDs Account types. The broker’s fees are built into the spreads.
The broker has great customer support. Traders can reach the team through live chats, email, phone, and inquiry forms.
Best Metatrader 5 Forex Brokers Afghanistan
We picked FxPro as the best Meta Trader 5 forex broker Afghanistan.
FxPro is headquartered in the UK. It was founded in 2006. The broker offers CFDs for forex, shares, spot indices, futures, spot metals, and spot energies. FxPro is regulated in the United Kingdom, Cyprus, South Africa, and The Bahamas.
The broker offers its traders MetaTrader4, MetaTrader5, cTrader, and FxPro (EDGE) (Proprietary platform) platforms. We have chosen FxPro as the best MT5 forex broker Afghanistan, as its MT5 platform is very up-to-date, with all the necessary tools and features.
The broker’s accounts are based on the trading platforms and execution types: FxPro MT4 Instant, FxPro MT5, cTrader, FxPro (EDGE), MT4 fixed spread. FxPro supports a wide range of deposit methods. Clients can use credit and debit cards, bank transfers, and others. As to spreads, the broker’s spreads are generally on the lower side. Only spreads for indices are slightly higher than the industry average.
The broker also has excellent customer support. Traders can contact the team via live chats, email, or phone.
Afghanistan Forex Brokers with Best Spreads
We have picked Trading 212 as the best spread forex broker Afghanistan.
Trading 212 is a global Forex and CFDs broker. It was founded in 2004. Headquartered in London, Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and by the Bulgarian Financial Supervision Commission (FSC).
We have chosen Trading 212 as the best spread forex broker Afghanistan as it stands out for its low and stable spreads. The spreads charged on forex and stock trades are mostly around the industry average. Moreover, spreads for stock trades are on the lower side: much lower than the industry average.
Trading 212 offers 2 account types: the Invest and CFD accounts. The broker offers proprietary web and mobile trading platforms as the only trading platforms. It does not offer the popular MetaTrader 4 and MetaTrader 5 platforms.
Afghanistan Forex Brokers List
Actually, as we have discovered from our tests, most of the recommended forex brokers do not accept clients from Afghanistan. However, we have come up with several trustworthy forex brokers Afghanistan. Here is the limited list of the forex brokers Afghanistan that are available in the country.
| Forex Broker Afghanistan | Test Details | Broker Review |
|---|---|---|
| FXTM | Deposit Amount: Over €6,000 Total Trade: 12 trades | FXTM Review |
| XTB | Deposit Amount: Over €5,000 Total Trade: 12 trades | XTB Review |
| FxPro | Deposit Amount: Over €5,000 Total Trade: 15 trades | FxPro Review |
| Trading 212 | Deposit Amount: Over €5,000 Total Trade: 15 trades | Trading 212 Review |
FAQ and More on Forex Trading in Afghanistan
When it comes to forex brokers Afghanistan there are many important questions traders may have. In an attempt to be helpful, we picked and answered some of the most important queries related to forex brokers Afghanistan.
How to Verify Afghanistan Regulated Broker?
As has already been mentioned, forex brokers in Afghanistan are overseen by the Da Afghanistan Bank (Central Bank). When looking for a reputable regulated forex broker Afghanistan, there are a few things traders should do to verify their legitimacy. Traders should be very careful while choosing a broker, as in Afghanistan, not all forex brokers are available. To verify the broker, traders are encouraged to check their availability on the broker’s official website. Generally, all brokers list the countries where they are available and those regions where they are restricted.
While choosing a broker, it is important to make sure that the broker is properly regulated and is not an offshore broker. As a matter of fact, only the minority of recommended brokers accept Afganistann traders due to regulations.
Swap Free Forex Broker Afghanistan
Swap-free accounts enable forex traders to take overnight positions on currency pairs without any possibility of earning or paying interest.
To select a swap-free account broker Afghanistan we tested multiple brokers. However, we were unable to find swap-free brokers in the country.
Best Forex Broker for Scalping
Scalping is the type of trading, when traders open and close positions in markets in a really short span of time in order to profit from the trade. To see whether there are any scalping forex brokers Afghanistan, we tested multiple brokers.
Based on the results collected from our research, Afghanistan clients can trade with only one scalping broker- FxPro.
Micro Account Forex Brokers for Afganistan
The majority of forex brokers allow micro account holders to start trading with small deposits. Some brokers even allow starting with deposits as low as $1. However, as not all the regulated forex brokers are available in Afghanistan, we were able to come up with only FxPro which offers micro accounts to the traders.
Tax in Afghanistan for Forex Trading
In Afghanistan, the residents are required to pay taxes both for the income earned in the country and for internationally earned money. The tax is generally paid on an annual basis. Non-residents pay taxes only on income earned from a source within the country. The tax rate is based on the income amount and can reach up to 20%.
When it comes to taxes, traders should be very careful and responsible. It is up to them to submit the tax forms to the relevant institutions in the country.