info@comparebrokers.org +44 207 994 644

2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Montenegro

Best Montenegro trading platforms
Best Montenegro Brokers 2021

This guide to the reputable brokers in Montenegro has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the most recent details about finding the top online broker in Montenegro.

If you're a new entrant in the realm of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll acquire proficient skills at all of the concepts of brokerage as you keep trading. For starters, you have to select the right agent in Montenegro who will be transparent with you always.

Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan is key to your success.

We currently have 22 Trading Patforms that we think are the Reputable Brokers in Montenegro

Who’s The Top Montenegro Online Brokers?

This guide has been collated to help you find an experienced Montenegro broker. When looking for a good, professional broker in Montenegro it can be very confusing.  Below we show what your trading options are in Montenegro and what Montenegro brokers can provide you.

A free trial for a minimum of 3 days is the best way to assess the capabilities and professionalism of any Montenegro trading broker firm. Before making any ultimate decisions, you want to be able test the broker's platform and software in real-time but with little risk. A demo account will allow you to experiment with the software and see how comfortable you are with its tools. A professional broker in Montenegro should make it as simple as possible for any trader. They shouldn't have to do extensive research nor set up multiple accounts before they let you start investing.

We currently have 22 Brokers that we think are the Top Online Brokers in Montenegro

TeletradeEverFXBlackbull MarketsForexMartExanteDIF Brokerifc marketsBaker Young StockbrokersVantage FXIC MarketsGKFXForex ClubIronFXCity Of InvestmentDF MarketsVTB 24 BankGDMFXCFI MarketsstoxmarketAyrexCommonwealth SecuritiesAdmiral Markets
Find Out More
Rating5.97/54.11/55.43/56.86/55.60/55.41/54.50/50.63/54.67/58.34/54.93/56.11/54.48/53.93/55.33/52.86/52.36/54.33/54.30/52.47/54.61/57.10/5
Minimum Deposit$100$10000$200$1$11700$500$250$200$200$200$20$100$500$3000$1$100$100$100$250$250$5000$200
Year Founded2008200820142015201119962016201720082007201020082010200920102008201220122010201619992001
HeadquartersCyprusCayman IslandsNew ZealandCyprusMaltaPortugalCyprusAustraliaAustraliaAustraliaUKRussiaCyprusUnited KingdomUKRussiaAnguillaCyprusDubaiCyprusAustraliaUK
Regulated ByCyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)Cayman Islands Monetary Authority (CIMA)Financial Services Providers Register (FSPR), FSPR number: FSP403326Cyprus Securities and Exchange Commission (CySEC)Malta Financial Services Authority (MFSA), CySEC. Licence No.: 165/12, FCA, HKMAFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F259UnregulatedAustralian Securities & Investment Commission (ASIC)Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)Financial Markets Authority (FMA)Financial Conduct Authority (FCA)UnregulatedUnregulatedFinancial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F313Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA) registration number 595450, Cyprus Securities and Exchange Commission (CySEC) - license number 201/13, Australian Financial Services Licence (AFSL) no. 410681, Jordan Securities Commission (JSC) registration number 57026
Clients50,000+10,000+10,000+10,000+10,000+10,000+60,000+10,000+10,000+60,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskCFDs may not be appropriate for all individuals. You should not risk more than you are prepared to loseBetween 74-89% of retail investor accounts lose money when trading CFDs.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskTrading Forex or CFDs on margin carries a high level of risk and may not be suitable for all investors.
Withdrawal FeesNoNoYesYesYesYesNoYesNoNoYesNoNoYesNoNoNoYesNoYesNoNo
Inactivity FeesNoNoNoNoNoNoYesNoNoNoYesNoNoYesNoNoNoYesYesNoNoNo
Deposit Fees1001000020011170050025020020020020100500300011001001002502505000200
CFD FeesYesYesYesYesNoYesYesYesNoYesYesNoYesYesNoNoYesYesNoNoNoYes
Accepts Credit CardsNoYesYesYesNoYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalNoNoNoNoNoNoYesNoNoYesNoNoNoNoNoNoNoNoYesNoNoNo
Accepts SkrillYesNoYesYesNoNoYesNoNoYesNoNoNoNoNoNoNoNoYesNoNoYes
Accepts PayoneerNoYesNoNoNoYesYesYesYesNoYesYesYesYesYesYesYesYesYesYesYesYes
Accepts NetellerYesNoYesYesNoNoYesNoNoYesNoNoNoNoNoNoNoNoYesNoNoYes

Online Share Trading In Montenegro

Trading stocks and shares in Montenegro is highly regulated and considered quite secure. But, as always, that any investment may go down as well as up, which means that your capital is at risk.

If you are just starting out using online trading then it is advised to get a demo account with a controlled broker so you can find out the systems without the risk of losing money.

Live Forex Trading In Montenegro

Forex is the largest liquid financial market in the world using a daily monetary exchange turnover of over $5 trillion (BIS statistics April 2016).

Forex (Abbreviation of Foreign Exchange) is a currency exchange involving two distinct countries and the next management of the consequent position where one currency gains and the other loses.

It's possible to do Live Forex Trading in Montenegro with professional online brokers

Live CFD Trading In Montenegro

CFD trading is the selling and buying of contracts for difference via an online trading partner in Montenegro. When trading CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Montenegro

Spread Betting in Montenegro is possible using trusted online trading platforms like XTM or IC Markets. It is a simple bet as to whether the price will go up or down.  Normally, the Montenegro brokers will display the prices you have.

If you are looking at how to do spread betting in Montenegro then it is suggested to start with a demo account with either eToro or IC Markets so that you can practice with virtual currency before risking your own capital.

Trading Forex in Montenegro

Internationally, Montenegro is considered safe to do online trading and has access to other global financial centers. In Montenegro, online trading platforms are highly regulated, experienced and customer centric. 

However, it is always important to be as informed as possible so here we detail some of the important things any trader should know:

The financial markets in Montenegro are professional and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Montenegro.

The online platforms used by brokers in Montenegro are extensively tested and highly rated.

Whichever Online Trading Platforms in Montenegro you decide to use, make sure they have all of the following:

  • User friendly platform
  • Availability of a risk management tool
  • Good or fast execution speed
  • High quality charts
  • Able to perform social trading
  • Professional online help or support

Challenges Of Trading Online in Montenegro

The US Dollar is considered the base currency globally so even a slight change in the US financial markets can affect the financial markets in Montenegro. The EU is also a large market and changes there could affect the financial markets in Montenegro.

Like every country there are challenges in Montenegro financial markets but overall the outlook is positive. However, like in all global economic markets we recommend that any Online Trading Solutions in Montenegro you decide to use, make sure you do your due diligence first before risking your money. We have collated thousands of datapoints and written this guide to help you find the Best Trading Platforms in Montenegro.  We hope that by using this guide you will find a reputable broker that matches your needs.

Frequently Asked Questions About Trading Forex In Montenegro

Is Forex Trading Legal In Montenegro?

There is a growing misconception that trading Forex in Montenegro is deemed unsafe. This isn't the situation, Forex trading in Montenegro is very active, safe and regulated.

Trading in Forex is permitted in Montenegro as for any company to trade internationally, foreign currency must be exchanged. Any time you purchase something and it's sent from overseas, there'll be numerous currency exchanges by multiple companies to get that item to you.

The main thing is that if trading Forex in Montenegro you pick one of the best online brokers.

Do Forex Traders Pay Tax In Montenegro?

Once a trader is successful and their profits reach a certain level then they may be taxed in Montenegro as per the typical taxation rules.

Tax returns should always be filed even if there's a reduction. You should seek advice with a registered accountant in Montenegro to ensure you're abiding by all present regional laws since it is extremely dependent on your personal circumstances.

Can You Trade Cryptocurrencies In Montenegro?

Cryptocurrency markets in Montenegro are quite new. As Cryptocurrencies operate on decentralised resources in Montenegro matters like interest rate changes and political instability don't impact them as far as the money markets.

Cryptocurrencies are more popular with the centuries and with increasing income amounts and technology adoption, trading cryptocurrency in Montenegro is increasing day by day. It is still small in comparison to the Forex markets but around $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Montenegro?

Commodities trading in Montenegro involves trading in things like precious metals, energies and agricultural commodities.

Some products such as agricultural are seeing exponential growth inMontenegro.

Fast growing economies like India have a big demand for many basic raw materials because of their population. This means that countries like Montenegro can take advantage of the circumstance.