5 Best Online Forex Brokers in Malta – In Depth Review 2023
Want to jump straight to the answer? The best forex broker for traders is Avatrade
The #1 Forex Trading Course is Asia Forex Mentor
Have you heard about Forex brokers before? It is undoubtedly one of the easiest and reliable financial markets for trading in Malta.
When we talk about trading a foreign currency, the process utilizes a forex broker also called a currency trading broker. You have to buy and sell currency pairs to complete the trading process.
Selecting the most essential forex broker will help trade forex with initial research to find the most appropriate option to meet the trading needs. If a broker is looking forward to accepting a CFD trader as a client, they will have to become authorized by the financial conduct authority.
Malta is quite reliable for most brokers because they are famous for their quality and fantastic service in trading.
The differentiation factor about Maltarokers is that they are very reliable and transparent with their clients. Check out the list of details of the most outstanding brokers based in Malta right now.
Table of Contents
Best Online Forex Brokers in Malta
5 Best Online Forex Brokers in Malta
#1. Best Advanced for Non-US Traders: Avatrade
Avatrade came into being in 2006; it is an international forex broker and CFD broker regulated by different top financial institutes. Moreover, it has many tools and resources that will fascinate all beginners, like paper trading account and 100000 dollars of virtual funds.
Avatrade is one of the safest online brokers and is regulated by the top tier-one jurisdiction. This is the reason which makes it a trustful CFD and Forex broker.
The range of marketing is great, and it should also be good for traders. Avatrade is offering its clients worthy selections for trading platforms.
Avatrade has stopped the trading platforms like mirror trader and Robox. With their dedicated web trading platforms like meta-trader and Avatrade acting as an alternative. It offers a huge variety of platforms catering to automated and manual traders.
Avatrade attracts traders with different skills and levels to offer them an adaptable trade site. There are more than 200000 registered clients with a trading volume of 2 million per month. Want more to know about this CDF and forex broker? Then continue to read about Avatrade’s working!
How does it work?
Webtrader, a default interface, can be accessed via a browser. Concerning its competitors, it lacks a few basic features and is plain, but it is intuitive and user-friendly. Clients who execute traditional fundamental or technical trading strategies can opt for the industry- newer MetaTrader 5 or even the MetaTrader 4.
Following transparency, the AvaTrade account also lists all the pertinent information in the ‘Trading info’ tab on the Avatrade website like “Stocks Earnings Releases. Moreover, the “Order Execution Policy,” “Economic calendar,” “CFD Rollover” information, and ‘holiday trading hour,’ aid the clients in the trading decision.
In addition, the forex calculator link will inform the dealers of the risk of losing money rapidly, how many trading costs, potential profits, and overnight interest calculations.
Web trading platform offers three order types. It is a simple market order and two pending orders, with an option for attaching stop loss or taking profit orders.
Pros
- Fast and effortless account opening
- Different withdrawal and deposit issues
- Excellent research tools
- Effective and reliable functioning
Cons
- Incredible inactivity fees
- Average forex fees
Price
In non-trading fees, there is no fees withdrawal or minimum deposit and no account fees. All the brokerage accounts of AvaTrade are subject to inactivity fees, which is 50 dollars.
Suppose you do not use it for three months, Followed by 100 dollars of administration fees if you stay inactive for a year. This amount is deducted from the trading account.
Typical spreads are suggestive amounts because they are largely powered by macroeconomic events and market conditions that impact markets’ financial futures association.
In terms of margin trading, the requirements for margin are the subjects to be changed based on the new release, market volatile and trade size.
#2. Best Intermediate for Non-US Traders: FXCC
FXCC offers forex traders to trade on Forex and silver and gold, indices on trusted MetaTrader 4., available as web or download solution. We will log in to Traders Hub to explore minimum regulations, demo, deposits, and leverage accounts in this online broker review. This is your chance to learn further about FXCC.
FXCC follows the STP/ECN model; it offers a competitive price and execution without re-quotes or intervention. The clients choose three accounts from and then trade on precious metals, indices, and Forex on the well-known MT4 terminal.
FXCC provides MT4 to every client accessible on various gadgets and major web browsers. The platform has many advanced features for trading.
This includes a built-in library with more than 50 indicators for indicating technical analysis. There is also access to plus embedded charts, stop and pending orders, the market for accurate analysis.
How does it work?
As the best forex broker, it also provides users to leverage. It can make multiple the initial accounts balance. But as a matter of fact, it should be used very wisely as it can increase the power of losses too.
For the convenience of traders, they can start a risk-free trial of 30 days on a demo account to easily test new strategies and practice skills before they commit real money.
Following some easy steps, you can start up with your practice account loaded with virtual funds of 10000 dollars.
You can connect your trading account from any place with the help of the MT4 mobile phone app. Due to its easy-to-use reliability and interface, the state-of-the-art platform gets good feedback.
Pros
- 100% first deposit
- Free Virtual Private Server
- Includes MetaTrader 4 platform
- high leverage trading
Cons
- It does not include U.S. based traders
- Lacks different trading platforms
Price
When you trade with an FXCC ECN account, you will be linked to many currencies GBP, EUR, USD featured along with tight spreads.
It forms 0.01 pips with the availability of trading over 30 currencies with a span of tools such as SNS notifications, trading tools, VPN, Technical analysis, and E.A.s.
The only thing it costs is presented by spreads from 0,1 pips and no commission fees. You can compare spreads of FXCC with another well-known online broker like Fondex and refer to a comparison of the spreads for most traded instruments. The foreign exchange market us all about such trading’s.
#3. Best Overall Broker: Forex.com
FOREX.com provides various offerings from spread betting to CFDs across various asset classes, but every region can access all. It is considered safe due to having a long track record. The top financial tiers regulate this trading forex broker.
The parent company of this forex broker has been listed on the stock exchange. Aside from the forex market, where derives the name, FOREX.com also offers indices, commodities, ETFs, bonds, individual stocks, silver, and gold.
Forex.com service offers clients’ accounts security like ESMA-mandated anti-guaranteed to stop losing orders and balance protection. FOREX.com is ideal for every trader who seeks exposure to a wide array of asset classes and materials.
It is a great fit for high-volume forex traders. Material offerings vary by place but still, it emphasizes reliable and fast execution, diversity of other and Forex platforms, and security accounts. In Malta, it’s geared to those interested in trading foreign exchange markets.
How does it work?
FOREX.com gives accessibility to more than 80 currency pairs along with a competitive spread over various types of accounts to Maltese clients.
A navigable and well-organized website along with complete disclosure of fees and services, research, and education tools. Furthermore, multiple user interfaces are on par along with the industry’s standards and regulatory oversight place.
So it depends upon your location and the entity holding your account that what is available for you on FOREX.com. You can trade cryptocurrency using CFDs; also, underlying asset trading is not available, for instance, buying bitcoin.
The web Trading Platform of FOREX.com is recommendable for casual traders because it is simple to browse through place trades and markets and conduct searches.
TradingView powers all the charts as well, as it is loaded with approximately ten chart types, 100 indicators, and 14 timeframes.
Within the forex platform, the investors can access economic calendars, positions, charts, news and order or trade history, access research reports and trade signals, and market analysis from the FOREX.com analysts.
Pros
- A wide variety of products
- TradingView charts
- Ideal for high-volume traders
- User-friendly and reliable
Cons
- No guaranteed for Indonesian clients
- Lacks effective website maintenance
Price
The spreads vary depending upon the client that, which kind of account they choose. For instance, one pip is the least EUR/USD spread for clients from Malta on a ‘standard’ account. On the other hand, ‘STP Pro’ and ‘commission’ will show you spreads of 0.1 and 0.2.
Although the two that are latter have 50 dollars and 60 dollars per million commissions that are added to displayed spreads, the regions that are not in Malta.
It provides Direct Market Access accounts for bigger account sizes like 25000+. The DMA account does not charge any commission but does not offer markup on spreads.