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15 Best Forex Brokers in Tuvalu

15 Best Forex Brokers in Tuvalu

 

Forex Brokers Tuvalu

 

Finding the list of the Best Forex Brokers in Tuvalu and worldwide can be a difficult process, especially finding a list of trustworthy brokers who accept Tuvaluan traders and who allow these traders to invest in their currency, the Australian Dollar (AUD).

Tuvalu is an island country situated in the Polynesian subregion of Oceania with a population of 11’508 Potential Forex Traders.  The country’s economy is mainly based on Tourism, even though the remote location of the country makes it a less popular destination.  Forex Trading is indeed legal even though there is no local regulatory framework set in place.

Here are our 10 Best Handpicked Forex Brokers in Tuvalu

 

Tuvaluan Forex Traders can make their choice of Broker from 15 of The Best Globally Regulated Forex Brokers and Trading Platforms who accept local investors.

 

IQ Option broker review

 

IQ Option

 

IQ Option is a forex & binary options broker with offices based in the UK, Cyprus, and Seychelles, and regulated by the FCA and CySECIQ Option offers traders three trading account to choose from, Retail, Professional and Demo.

IQ Option offers the following underlying assets for FX trading.

 

90+ Currency Pairs Based on major and minor world currencies.
17 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, Zcash, Qtum, Cardano, OmiseGo, Stellar, EOS, IOTA, NEO, NEM, TRON.
5 Indices CFDs Based on baskets of different blue-chip stocks.
3 Metal CFDs Based on Gold, Silver and Platinum.
2 Energy CFDs Based on Crude Oil (WTI, Brent).
1 Soft CFD Based on Wheat.
130+ Stock CFDs Based on shares of US, UK and EU companies.
28+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

 

IQ Option offers the following underlying assets for Binary Options trading (unfortunately, not available for EU residents).

 

30+ Currency Pairs Based on major and minor world currencies.
2 Indices BOs Based on DFMGI, TelAviv-25.
2 Metal BOs Based on Gold and Silver.
20+ Stock BOs Based on shares of US companies.

 

Payment methods accepted include all the usual options like VISA, MasterCard, Skrill and Neteller, plus a range of other online money transfer services, including AstroPay, Qiwi, and WebMoney.  IQ Option’s trading platform is web-based and supports both binary options and forex & CFD trading within the same user interface.

Customer support is available 24/7 via email and local phone numbers in 13 countries.

 

A review about IronFX

 

IronFX

 

IronFX is the trade name of Notesco Limited which is based in Bermuda, Regulated By ASIC, CySEC, FCA and offers a multi-asset class Forex and CFD trading experience with 7 different account types to trade on over 200 financial instruments which cover Forex, Metals, Indices, Commodities, Futures and Shares on the MetaTrader 4 trading platform for PC, Mac, Web, Android and iOS.

The 7 different account types on offer are: The Micro, Premium, VIP and Zero Fixed Accounts offer live floating/fixed spreads. The No Commission, Zero Spread and Absolute Zero Accounts offer STP/ECN trading. A free demo trading account plus a swap-free account is also on offer.  IronFX offers users the ability to trade on the MetaTrader 4 trading platform for PC, Mac and Web and mobile devices.

IronFX provides customer support 24/5  via email, live chat, a telephone support line and an FAQ section.

 

Trading 212 broker review

 

Trading 212

 

Trading 212 are an online broker which was founded in 2006 and offers Stocks trading, Forex trading, Commodities trading, and Indices trading.  Trading 212 are a global broker and has a head office situated in the UK.

 

  • Regulated by: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
  • Used by over 14,000,000 traders.
  • Trading 212 are the UK’s number one trading and investment app with over 14,000,000 downloads, thus a large userbase but is not available in the following countries: US

 

Trading 212 Trading benefits:

 

Trading 212 Trading Accounts Offered:

  • Invest account
  • ISA account
  • CFD account
  • Demo account

 

Trading 212 offers an outstanding, highly responsive customer service team available 24 hours a day across a variety of platforms and in 16 different languages.

 

Olymp Trade broker review

 

Olymp Trade

 

Olymp Trade is a well-known online trading platform, which offers trader multiple different assets, including binary options. Olymp Trade is regulated by the IFC.  Safety measures and precautions are put first by this platform and it is considered a financial organization which keeps the interests of their clients in mind at all times.

Apart from the demo account, a standard and VIP account is available respectively.  To open a standard account, users only need to make a minimum deposit of £10 and to qualify for a VIP account, users need to deposit at least £2,000.

Traders are also offered access to educational resources and training materialsCustomer Support is available via phone, email and their website.

 

XM Broker Review

 

XM

 

Leverage:                            1:30 to 1:888 *Depends on the entity of the group

Regulation:                         CySEC, ASIC, IFSC

Min. Deposit:                    USUS Dollar 5

HQ:                                        Cyprus, Australia, Belize

Platforms:                           MT4, MT5, XM WebTrader

Founded in:                        2009

 

XM operates with clients from over 196 countries and offers support in 30 languages. The main branch located in Cyprus is regulated by CySEC.  1.5 Million Traders and investors choose XM and their wide range of XM trading products on offer.  Four main account types are on offer – Micro, Standard, XM Ultra-Low Account and Shares Accounts.  Traders can select the base currency of their preference from a large selection on offer. This range includes South African Rand (ZAR), Singapore Dollar (SGD) and other global currencies.

Customer Support is available via live chat, email and phone.

 

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Pepperstone broker review

 

Pepperstone

 

Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA).

Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free, and –

 

Boasts three top forex trading platforms:

  • MetaTrader 4: Most Popular for Forex Trading
  • MetaTrader 5: Most Popular CFDs Trading Platform
  • cTrader: Best Automated Trading Platform

 

All three FX trading platforms come with a free demo account which will allow Nigerian traders to test out the forex broker and platform for 30 days.

 

Platform enhancements available for Pepperstone include:

  • MetaTrader 4 smart trader tools
  • cTrader Automate
  • Autochartist and
  • API trading

 

A range of options for depositing funds is available, including Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.

Pepperstone offers 24/5 multiple language support via email, phone and live chat.

 

OctaFX Broker Review

 

OctaFX

 

OctaFX is an online broker which was founded in 2011, offering Forex trading.  As OctaFX is regulated by the Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account.

OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

 

OctaFX Trading benefits:

 

OctaFX Trading Accounts Offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • STP account
  • Islamic account

 

OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading.  Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.

 

HotForex broker review

 

HotForex

 

HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA.

 

The HotForex MT5 Terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar.

The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

Hotforex’s Metatrader offers a fast order execution, news feed, multiple order types, support for EAs.

 

Key features include:

  • Supports:  MT4, MT5 for desktop, web & mobile
  • Minimum deposit:  US Dollar 5
  • Leverage:  1:1000
  • Trading Instruments:  Forex, Cryptocurrencies, CFDs on Stock Indices, Commodities, metals

 

Customer support is available via phone and email.

 

HYCM Broker Review

 

HYCM

 

HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.

Traders starting with HYCM will need to make a minimum deposit of at least US Dollar 100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice.

 

A wide variety of instruments and currency pairs are available for trade:

  • Over 100 instruments
  • Over 40 currency pairs

 

HYCM Trading benefits:

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

HYCM Trading Accounts on offer include Demo, Micro, Mini, Standard and Islamic and the minimum and maximum trade requirements will vary depending on the trader and the instrument.  HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.

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FBS Broker Review

 

FBS

 

FBS is a Forex and CFD broker offering to trade on Forex, Indices, Stocks, Metals and Energies on the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms for PC, Mac, Web, Android and iOS with a maximum 1:3000 leverage.  FBS is regulated by CySEC and IFSC. 

FBS offers traders a choice of four accounts and all accounts offer market execution and the chance to trade in micro-lots in Cent accounts for more precise risk management.

 

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Cent US Dollar 1 0.01 lot 1:1000 from 1 pip
Standard US Dollar 100 0.01 lot 1:3000 from 0.5 pips
Zero Spread US Dollar 500 0.01 lot 1:3000 0 pips + US Dollar 20/lot
Micro US Dollar 5 0.01 lot 1:3000 fixed, from 3 pips
ECN US Dollar 1000 0.1 lot 1:500 from -1 pip + US Dollar 6/lot

 

FBS offers customer support 24 hours a day, 7 days a week via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.

 

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Exness Broker Review

 

Exness

 

Exness is authorized by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.

Exness offers traders 5 different trading accounts to choose from. Standard Accounts include the Standard and Standard Cent. Professional Accounts include Raw Spread, Pro and Zero. Demo accounts and Islamic swap-free accounts are also available.  Exness offers over 105 different instruments to trade, including over 103 currency pairs.

Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.

 

BDSWISS Broker Review

 

BDSwiss

 

BDSwiss is a Forex and CFD broker which offers over 250 instruments to trade on covering Forex, Commodities, Cryptocurrencies, Indices and Equities, from 3 account types on the MetaTrader 4 and MetaTrader 5 platform. BDSwiss is well regulated by CySEC and offers traders 3 types of accounts – BasicRaw, and Black VIP. These accounts come with a minimum deposit of US Dollar 100 accept the Raw account which has a monthly subscription fee of between US Dollar 1 and US Dollar 79.

BDSwiss offers both full demo and Islamic accounts are available and traders can fund their account through wire transfer deposits as well as through credit card and deposits which are fee-free in most cases.

BDSwiss offers multilingual customer support 24/5 via Live Chat, Telephone, Email, Call Back, WhatsApp, Telegram and an FAQ section.

 

eToro broker review

 

eToro

 

eToro is a leading social trading platform for trading major financial markets including stocks, forex and cryptocurrencies. eToro is regulated by FCA, CySEC and ASIC.

eToro only offers once account type with over 1,083 different instruments to trade, including over 47 currency pairs. The minimum deposit for said account differs by country.  eToro offers traders a proprietary trading platform which allows both individual and social trading.

eToro supports a wide range of languages including English, German, Spanish, French, and Italian via phone and support ticket.

 

FP Markets broker review

 

FP Markets

 

Leverage:                            1:500

Regulation:                         ASIC, CySEC

HQ:                                        Australia

Platforms:                           IRESS, MT4, MT5

Found in:                             2005

 

The FP Markets was established in 2005 and serves over 12,000 clients across the globe.  FP Markets connect traders to the market through electronic bridges and DMA pricing models.  FP Markets offers traders access to trade 13,000+ products ranging from ForexIndices, Commodities, Metals, Bitcoin, Cryptocurrencies, Equity CFDs. 

Traders can choose between MT4, MT5 and IRESS platforms as well MAM and PAMM account possibility for money managers.

FP Markets offer two account types with STP and ECN execution models available through MT4 or MT5 platforms. FP Markets also offers three IRESS account types that cover traders who prefer to use this particular software.

Customer Service is available 24/5 via Live Chat.

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RoboForex Broker Review

 

Roboforex

 

Roboforex is an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading.  RoboForex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.

When starting with Roboforex traders will need to make a minimum deposit of US Dollar 1 and there is an option available for a demo account for those who would like to get acquainted with the platform.  Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs.  Roboforex offers over 100 instruments and over 35 currency pairs in total.

Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.   Roboforex also offers mobile apps for Android and iOS.

 

Roboforex Trading benefits:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

 

Roboforex Trading Accounts include – Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic.

Customer support is available via phone, Webchat, Wechat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.

 

Conclusion

There are thousands of Forex brokers around the world, and Tuvalu residents can register and trade with each of them.

Many Forex brokers may appear similar but there are understated differences that make each broker uniquely suitable for a different type of trader.

 

FAQ’s

 

Is forex trading legal in Tuvalu?

Yes, it is

Which is Tuvalu’s most used forex broker?

HotForex

Is forex trading a gamble in Tuvalu?

Forex trading anywhere is always a gamble.

How many forex traders are there in Tuvalu?

The estimate is around 150 000 monthly forex traders.

Can you make money with forex trading in Tuvalu?

75% of all traders lose money*

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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