What should I look for when choosing a forex broker?

Focus on regulation (FCA, ASIC, CySEC), spreads and commissions, execution speed, leverage offered, and platform choice (MT4/MT5). Our ranking weights these factors algorithmically.

What is a good spread for forex trading?

Competitive EUR/USD spreads are below 1 pip on standard accounts and 0.1–0.3 pips on raw/ECN accounts. Brokers with tight spreads but commission charges often work out cheaper for active traders.

Is forex trading safe?

Forex is legal and safe when traded through a regulated broker. Look for brokers regulated by Tier-1 regulators such as the FCA (UK), ASIC (Australia), or CySEC (EU). Avoid unregulated offshore brokers.

What is the minimum deposit to trade forex in Armenia?

23 brokers on this list accept traders from Armenia with no minimum deposit ($0). The lowest non-zero minimum deposit among brokers available in Armenia is $1. For better risk management and position sizing, most experts recommend starting with at least $100–$200 regardless of the broker's minimum.

Which is the top-rated broker in this list for 2026?

Based on our scoring algorithm, Interactive Brokers currently ranks #1 with a score of 4.4/5. Scores are recalculated every 24 hours as broker data changes.

Best Forex Brokers in Armenia 2026 — Expert Rankings

What to Look For in Forex Brokers in Armenia

When selecting a forex broker in Armenia, regulation is of paramount importance. The Armenian forex market is not as mature as those in Western Europe or North America, making it crucial for traders to choose brokers regulated by top-tier authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC). These regulatory bodies ensure that brokers adhere to strict financial standards, providing a layer of security for investors’ funds.

Another critical factor is the cost structure associated with trading. Low transaction fees, tight spreads, and no hidden charges are essential for traders who wish to maximise their profitability. Transparent pricing models offered by brokers can significantly impact a trader’s bottom line, especially for high-frequency traders who execute a large volume of trades.

Additionally, the trading platform offered by the broker should meet the needs of both novice and experienced traders. A comprehensive platform should offer real-time data, advanced charting tools, and a user-friendly interface. It is also beneficial if the platform supports mobile trading, enabling traders to manage their portfolios on-the-go. Some brokers also offer educational resources and customer support, which can be invaluable for beginners.

How We Rank Forex Brokers in Armenia

Our ranking methodology for forex brokers in Armenia is meticulous and data-driven, focusing on six key criteria. Regulation accounts for 25% of the score, recognising the importance of investor protection and compliance. Brokers regulated by top-tier authorities tend to score higher due to the stringent oversight they are subjected to. Fees contribute 20% to the overall score, with lower trading costs and transparent fee structures earning brokers higher marks.

Platforms are weighted at 15%, assessing the functionality and ease of use. Another 10% is based on the range of markets offered, ensuring traders have access to a diverse array of forex pairs and other financial instruments. Trustworthiness, accounting for 15%, evaluates the broker's reputation and reliability. Finally, user experience (UX) is also 15%, reflecting the overall satisfaction of the user interface and customer service.

Top Picks at a Glance

Interactive Brokers: Known for its comprehensive trading platform and low-cost trading, Interactive Brokers excels in offering a wide array of financial instruments to Armenian traders.
Forex.com: Forex.com stands out for its robust regulatory framework and competitive pricing, making it a reliable choice for both novice and seasoned traders in Armenia.
IG Group: With a strong emphasis on educational resources and customer support, IG Group is ideal for traders seeking to enhance their trading knowledge and skills.
Vantage: Vantage impresses with its user-friendly platform and efficient customer service, catering well to traders who value a seamless trading experience.
Pepperstone: Renowned for its tight spreads and fast execution speeds, Pepperstone is perfect for traders who prioritise cost-effective and speedy trade execution.

Best Forex Brokers in Armenia 2026

Interactive Brokers

Forex.com

IG Group

FxPro

Pepperstone

OANDA

City Index

CMC Markets

XM

eToro

Saxo Bank

Plus500

AvaTrade

Capital.com

BlackBull Markets

ThinkMarkets

FBS

IC Markets

Vantage Markets

FP Markets

XTB

ForTrade

Swissquote

HFM

Admiral Markets

Exness

Deriv

Markets.com

Phillip Capital

IronFX

Dukascopy

Libertex

FXCM

FxOpen

Exante

Axi

Eightcap

EasyMarkets

MultiBank Group

InstaForex

FXTM

Webull

Trading 212

Fusion Markets

ActivTrades

Octa

NAGA

Moneta Markets

Purple Trading

Skilling

Fineco Bank

TMGM

HYCM

Aetos Capital

LiteFinance

Phillip Nova

LYNX Broker

Binance

Spreadex

Just2Trade

VT Markets

Freedom Finance

Tickmill

GO Markets

OCBC Securities

UOB Kay Hian

KGI Securities

CIMB Securities

Blueberry Markets

Equiti

ACY Securities

Capital Index

Amana Capital

Windsor Brokers

BDSwiss

FXGT

Valutrades

JustMarkets

Orbex