ASIC, CySEC, DFSA +2 more
Trusted Mongolia FX brokers
Forex trading is allowed in Mongolia, and the Financial Regulatory Commission (FRC) oversees the actions of local Forex brokers and financial markets. These brokers operate under FRC's regulations. The extent of leverage provided by reliable Forex brokers in Mongolia is not fixed, allowing for flexibility. While conservative leverage is recommended, experienced traders might prefer higher leverage. It's advisable for traders to opt for brokers regulated by both the Mongolian FRC and reputable global authorities. This helps minimize risks, particularly when using high leverage.
Here's a list of the best Forex brokers in Mongolia, known for their honesty and fair treatment of clients.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
8.28
Investors in Mongolia should consider a 10% capital gains tax upon selling securities. The country's nominal GDP is estimated at $16.9 billion in 2023, ranking Mongolia 124th worldwide. Though leverage policies aren't stringent, investors are safeguarded by compensation limits. In case of broker insolvency, eligible investors can receive up to MNT 25 million (Mongolian Tugrik) as compensation. This assurance is a positive for local FX traders and investors, fostering a relatively secure environment.
While urban areas enjoy stable internet and electricity, rural regions face connectivity issues. Hence, Mongolian Forex traders are encouraged to operate from larger cities for uninterrupted access to global financial markets. The top Forex brokers in Mongolia offer advanced trading platforms and robust security measures to assist traders.
