The independent guide to forex brokers for the Caucasus & Central Asia

Founded in 2008, Exness is a large global broker known for fast, often automatic withdrawals and a swap-free account option. It holds multiple regulatory licences (FCA, CySEC, FSCA, Seychelles FSA); the entity that serves your country is typically not the top-tier one, so verify it before depositing.

Platforms: MT4 · MT5 · Exness Terminal · Exness App

Established in 2009, XM serves traders in 190+ countries with multi-regulatory coverage (CySEC, ASIC, Belize FSC), a beginner-friendly MT4/MT5 setup and a swap-free account option — a widely-used, broadly-available choice.

Platforms: MT4 · MT5 · XM App

Founded in 2009, FBS is a global broker with a large emerging-markets user base, MT4/MT5 support and a swap-free account option. It operates through several licensed entities (including CySEC and ASIC arms); confirm which entity serves your country on the relevant register before depositing.

Platforms: MT4 · MT5 · FBS App

Operating since 2007, IC Markets is an Australia-founded broker known for raw-spread ECN-style pricing and a broad platform line-up (MT4, MT5, cTrader, TradingView). It holds ASIC, CySEC and Seychelles FSA licences; verify the entity that serves your country before depositing.

Platforms: MT4 · MT5 · cTrader · TradingView

Founded in 2010, Pepperstone pairs strict-tier oversight (FCA, ASIC, CySEC, DFSA) with raw-spread pricing and a broad platform line-up (MT4, MT5, cTrader, TradingView) plus a swap-free account option — a strong, well-regulated all-rounder.

Platforms: MT4 · MT5 · cTrader · TradingView

Operating since 2005, FP Markets pairs ASIC/CySEC/FSCA/DFSA oversight with raw ECN-style pricing, a broad platform line-up (MT4, MT5, cTrader, TradingView) and a swap-free account option — a long-established choice. Confirm it accepts your country and verify the serving entity before depositing.

Platforms: MT4 · MT5 · cTrader · TradingView

Founded in 2011, Octa is a global broker with CySEC and FSCA-licensed entities, MT4/MT5 and its own OctaTrader platform, plus a swap-free account option. Note: Octa does not serve Kazakhstan, so it is excluded from our Kazakhstan coverage; verify acceptance and the serving entity for your country before depositing.

Platforms: MT4 · MT5 · OctaTrader

Founded in 2006 and headquartered in Dublin, AvaTrade holds licences from the Central Bank of Ireland, ASIC and FSCA, among others. It offers MT4, MT5 and its own AvaTradeGO app alongside a swap-free account option. The CBI licence is a strict EU-tier regulator. Confirm which entity will service your account and verify its status on the relevant register before depositing.

Platforms: MT4 · MT5 · AvaTradeGO · AvaOptions

Established in 1989 and listed on the London Stock Exchange, CMC Markets is one of the older names in retail CFD trading. It is regulated by the FCA in the UK and ASIC in Australia. Its proprietary Next Generation platform is widely regarded for charting and analysis tools. Verify whether your country is accepted and review the entity serving you before depositing.

Platforms: Next Generation · MT4

IG Group was founded in 1974 and is publicly listed on the London Stock Exchange. It is regulated by the FCA, ASIC, DFSA and MAS, placing it among the most heavily regulated retail brokers globally. IG offers a broad range of markets and platforms including its proprietary web platform, MT4 and ProRealTime. Verify country acceptance and the entity serving you before depositing.

Platforms: IG Platform · MT4 · ProRealTime · L2 Dealer

Founded in 1996, OANDA is a US-originated broker regulated by the FCA, ASIC, CFTC and MAS. It is known for transparent pricing data and does not require a minimum deposit for live accounts in most regions. Platforms include its proprietary OANDA Trade web and app, MT4 and TradingView. Verify which entity accepts your country and check its regulatory status before depositing.

Platforms: OANDA Trade · MT4 · TradingView

Founded in Estonia in 2001 as Admiral Markets, now rebranded Admirals, this broker is regulated by the FCA, CySEC, ASIC and Estonia's EFSA. It supports MT4 and MT5 with a proprietary Supreme Edition plugin suite and offers a swap-free account type. Multi-entity structure means your applicable entity will depend on your country; verify it on the relevant register before depositing.

Platforms: MT4 · MT5 · MetaTrader Supreme Edition

Launched in 2016, Capital.com is a younger broker regulated by the FCA, CySEC and ASIC. It is known for its AI-powered trading analytics, a commission-free fee model on CFDs and an integrated TradingView chart environment. The Seychelles FSA entity may serve non-EEA/UK clients; confirm your account entity and its regulatory standing before depositing.

Platforms: Capital.com Platform · MT4 · TradingView

Founded in 1998, Alpari has a long operational history and a large user base across emerging markets. Its primary regulated entities are now under the Belize IFSC and a Saint Vincent-registered FSA — both are offshore jurisdictions with lighter oversight than FCA or ASIC. Swap-free accounts are available. The reduced regulatory weight is a key risk factor; verify all terms carefully before depositing.

Platforms: MT4 · MT5

Founded in 2010 as HotForex and rebranded HFM in 2022, this broker holds licences from CySEC, FCA and the DFSA and is active across emerging markets. It offers MT4, MT5 and a proprietary app with a swap-free account option. CySEC is the primary EU regulatory arm; verify which entity accepts your country and check its status on the relevant register before depositing.

Platforms: MT4 · MT5 · HFM App