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Best Forex Brokers Moldova 2022

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

After opening a real account and depositing between $4,000 to 6K with each broker we placed trades in every popular market for an accurate picture.

We also contacted customer support to solve issues that we had encountered. To check the withdrawal process we withdrew our funds.

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

Is Forex Trading available in Moldova?

Moldova is located in Eastern Europe, while Moldova’s economy declined significantly after the breakup of the USSR in 1991, with its attempt to save the economy, Moldova took multiple actions. It introduced a convertible currency, removed export controls, and also, attempted to liberalize interest rates. To ensure economic growth, the government entered into agreements with World Bank, International Monetary Fund.

As to forex trading in Moldova, it is available in the country and is even growing in its popularity.

Forex trading in Moldova is regulated by the National Bank of Moldova. It is a public legal entity and is responsible to the Parliament. The bank has one primary objective which is to ensure and maintain price stability in the country. The NBM is committed to providing the most up-to-date, accurate information on financial market evolution, balance of payments, and the foreign exchange market.

The National Bank of Moldova’s website is www.bnm.md.

🏦RegulatorThe National Bank of Moldova
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeNo

Best Forex Brokers in Moldova

Finding a reliable forex broker is one of the most important decisions to make. When choosing a forex broker Moldova, there are a number of important aspects to pay attention to.

In Moldova, there are brokers based in the country, that fall under the local regulation. There are also brokers that accept traders from the country. Traders should be very careful in picking a broker. It is advisable to stay away from offshore brokers, no matter how attractive their offerings seem. 

Nowadays, that the market is full of fraud, it is essential to sign with a reputable and heavily regulated forex broker Moldova, as money safety in forex trading goes first. Check that the broker’s accounts are supported by the main payment methods. It is also advisabe to pay attention to customer support and whether it is available in your preferred language. 

To select the best forex brokers Moldova, we have tested and reviewed various brokers.

Based on our tests, we recommend trading with the following brokers that we have selected as the best forex brokers Moldova:

  • IC Markets
  • Vantage FX 
  • FP markets
  • CMC Markets

Best Forex CFD Broker Moldova Overall

We picked CMC Markets as the overall best forex broker Moldova.  

CMC Markets offers financial trading services with CFDs and spread betting. The brokerage was founded in 1989. The broker is regulated in the United Kingdom, Germany, Australia, Singapore, New Zealand, Canada, and the United Arab Emirates. It offers trading instruments in the following categories: forex, indices, stocks, commodities, and cryptocurrencies.

CMC Markets offers good trading conditions. It allows both hedging and scalping strategies. With the broker traders can choose from different options of account types based on their preferences: Spread betting account, CFD account, and Professional account.

The broker supports multiple payment methods: bank transfers, credit and debit cards, and PayPal. CMC Markets offer the traders two main trading platforms: the Next Generation platform, which is their Proprietary platform, and the popular MT4 platform.

Best Forex Brokers for Beginners in Moldova

We picked FP Markets as the best forex broker Moldova for beginners.

FP Markets is an Australia-headquartered forex broker. It was founded in 2005. The broker offers a wide range of trading instruments with forex, stocks, indices, commodities, and cryptocurrencies. FP Markets holds licenses in multiple jurisdictions: the United Kingdom, Australia, Cyprus, Saint Vincent, and the Grenadines.

The broker offers its clients MT4, MT5, and IRESS platforms. FP Markets accounts are based on their trading platforms. 

We have selected FP Markets as the best forex broker Moldova for beginners, as its educational section is rather good and designed especially for beginner traders. The section includes webinars, video tutorials, ebooks, a glossary, and a newsletter with thorough market data.

Best MetaTrader 5 Forex Broker Moldova

We have picked IC Markets as the best MT5 forex broker Moldova.

IC Markets was founded in 2007. It is a Forex and CFDs broker located in Australia. The broker is heavily licensed in Australia, Cyprus, Seychelles, and The Bahamas. With the broker, clients have access to hundreds of instruments in multiple categories: Forex pairs, indices, stocks, commodities, and cryptocurrencies. IC Markets offers 4 account types: the standard account, cTrader raw spread account, the raw spread account, and the Islamic account.

We have chosen IC Markets as the best MT5 forex broker Moldova, as its MT5 platform is rather favorable for successful and profitable trading. The platform is modern with all the necessary features and conditions. 

Best Zero Spread Forex Broker in Moldova

We picked Vantage FX as the best zero-spread forex broker Moldova.

Founded in 2009, Vantage FX is a forex and CFDs broker. The broker is headquartered in Sydney, Australia.Vantage FX is heavily regulated in the United Kingdom, Australia, Vanuatu, and The Cayman Islands. It offers trading instruments in the following categories: forex, indices, commodities, cryptocurrencies, and shares CFDs

Vantage FX fees depend on the account type. The broker offers Raw ECN, Standard STP, and Pro ECN account types.  Its fees are built into spreads for the Standard STP account. For Raw and Pro ECN accounts, the broker charges commission along with zero spreads or low spreads. According to our test, the broker’s forex spreads are much lower than the industry average. Spreads on commodities are also on the lower side.

Moldova Top Forex Brokers List

Finding a forex broker Moldova is a little difficult. However, we have tested many brokers and have come up with a list of reliable forex brokers Moldova.

Forex Broker MoldovaAbout Our TestOur Review
IC MarketsDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
CMC MarketsDeposit Amount: Over €5,000
Total Trade: 12 trades
CMC Markets Review
FP MarketsDeposit Amount: Over €6,000
Total Trade: 12 trades
FP Markets Review
AXI (AxiTrader)Deposit Amount: Over €6,000
Total Trade: 12 trades
AXI Review
XMDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
Vantage FXDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
ThinkMarketsDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
GO MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
ICM CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
ICM Capital Review
Capital.comDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
XTBDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
FXTMDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
TickmillDeposit Amount: Over €8,000
Total Trade: 12 trades
Tickmill Review

FAQ and More on Forex Trading in Moldova

Moldova traders often have a lot of questions about forex trading in the country. We tried to choose and answer some of the most essential queries related to the forex brokers Moldova.

How to Verify Moldova Regulated Broker?

In the country, the National Bank of Moldova regulates forex trading. One of the first and most important things that traders need to do before starting trading is to find a well-regulated and trustworthy forex broker Moldova. Perhaps, traders will have to conduct their own small research to find the right broker favorable for their needs.

One of the first steps when starting with forex is to check with the regulatory body whether the broker is available in your county. Also, another option is to visit the broker’s official website and check the information there. All the brokers mention the available and restricted countries on their websites. 

Forex brokers Moldova

Best Offshore Forex Broker

Generally, there is no best offshore broker. If the trader wants to open an account with an offshore broker, it is better to use a reputable brand with multiple regulations. Also, it is important to open a trading account with an international entity-based offshore broker. 

Moldova Forex Broker Promotions

There are a number of Forex brokers Moldova that offer different promotions. Mostly, brokers offer bonuses on the initial deposit, which can be a great help in getting started with trading. However, it is important to read the terms and conditions carefully before choosing a broker and accepting any promotions.

Based on our experience and tests, we have chosen two forex brokers Moldova with promotions:

  • XM
  • Tickmill

Tax in Moldova for Forex Trading

If you are a trader in Moldova, it is important that your profits are taxed accordingly. Once they reach the level where tax must be paid on Forex trading, then traders should make sure all taxes owed for one financial year have been filed to authorities.

It is important for traders to be aware of their responsibilities when it comes to tax issues. Any avoidance or delay in paying could lead them to complications and fines. Thus, it is always recommended to keep up with all the regulations.