Top Venezuela FX brokers ranked

Forex trading is both legal and regulated in Venezuela, providing an opportunity for local traders to generate additional income from the financial markets. However, due to the historical challenges the country has faced, the regulatory landscape for Forex trading in Venezuela remains unclear and complex. This has led to the existence of multiple regulatory bodies overseeing Forex brokers operating within the country. Trusted Forex brokers in Venezuela are subject to oversight from various entities, including the Superintendencia Nacional de Valores (Sunaval) and the Superintendencia de las Instituciones del Sector Bancario (Sudeban). Venezuela maintains strict restrictions on currency trading, and local FX traders may encounter difficulties accessing global financial markets due to ongoing issues with electricity and internet connectivity. Listed below are the most reputable Forex brokers in Venezuela that we have identified through extensive research within the industry.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
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
AvaTrade read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
RoboForex read review
MT4Copy tradingECNHigh leveragePAMMSignals
Regulations
FSC Belize
Platforms
MT4
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.64
Pepperstone read review
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.28
MT4MT5Copy tradingHigh leveragePAMM
Regulations
CIMA, CySEC, FCA UK
Platforms
MT4, MT5
7.92
Tickmill read review
MT4MT5Copy tradingHigh leverageSignals
Regulations
CySEC, FCA UK, FSA Labuan +2 more
Platforms
MT4, MT5
7.74
VT Markets read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, FSA St. V, FSCA
Platforms
MT4, MT5
Venezuela imposes a modest capital gains tax of 1% on trading profits, making Forex trading an appealing prospect within the country. However, the lack of clear regulations surrounding maximum leverage limits necessitates careful consideration when selecting a broker. Opting for brokers regulated by global authorities outside of Venezuela is recommended to ensure a secure trading environment. Top Forex brokers in Venezuela prioritize the protection of investors by participating in investor compensation funds. This ensures eligible investors receive compensation in case of broker insolvency, a crucial safety measure. With a total nominal GDP of 82 billion dollars, Venezuela ranks 94th globally. Coupled with a per capita GDP of 3,000 USD, Forex trading holds potential as a lucrative supplementary income source for local FX traders.

FAQs about Venezuela