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

Top Myanmar online trading platforms
Best Myanmar Online Brokers 2021

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

This guide contains the latest details about finding the most professional online broker in Myanmar.

If you're a new entrant in the realm of trading and brokerage, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You'll get adept skills at all the concepts of broker as you keep trading. For starters, you have to choose the best broker in Myanmar who will be clear with you always.

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

We currently have 21 Trading Patforms from our research that we think are the Reputable Brokers in Myanmar

Who Are The Reputable Myanmar Trading Patforms?

This review has been written to help you find an experienced Myanmar broker. When looking for a good, professional broker in Myanmar it can be a little confusing.  Below we show what your trading platform are in Myanmar and what Myanmar online trading platforms can offer you.

We currently have 21 Brokers from our research that we think are the Best Brokers in Myanmar

DIF Brokerz.comFxProWestpacTraders TrustExnessOptionWebFinmaxSpreadCoDeltastockWiseAlphaCircle MarketsCFI MarketsDucascopy BankAdvanced Global MarketsXTBTrading212ValutradesBitfinexCorner TraderColmex
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Rating4/54/54/54/54/54/53/54/54/54/54/54/54/54/54/54/52/54/54/54/54/5
Minimum Deposit$500$50$100$50$100$1$200$0$100$100$0$100$100$5000$500$0$1$0$100$250$100
Year Founded199620082006200819982008201220082005199820082007201219981992200220062008201518791990
HeadquartersPortugalUKUKAustrailiaCyprusCyprusCyprusBulgariaLondonBulgariaUKNew ZealandCyprusSwitzerlandCyprusPolandUKUKNew ZealandSwitzerlandCyprus
Regulated ByFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Financial Services Authority (FSA), Securities and Futures Commission (SFC)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ? e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA)Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ? e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF)Cyprus Securities and Exchange Commission (CySEC)Financial Services Authority (FSA)Financial Conduct Authority (FCA)Securities and Futures Commission (SFC)Financial Conduct Authority (FCA)Financial Industry Regulatory Authority (FINRA)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin)Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru FinansowegoFinancial Conduct Authority (FCA), Financial Supervision Commission (FSC)UnregulatedFinancial Services Provider (FSP)UnregulatedSecurities and Exchange Commission (SEC)
Clients10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+250,000+14,000,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed depositsLosses can exceed depositsYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour capital is at risk79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at risk
Withdrawal FeesvariablevariableNovariable0.5%- 2.5%YesNovariablevariableYesvariablevariableNoNo$31variableNo0$10$25variable
Inactivity FeesYesYEsNoNoNoNoYesYesNoNo
Deposit Fees50050100501001200010010001001005000500010100250100
CFD Feescharge commissions on cTrader only$50/ lot$10- $30N/ANoYesNoYesYesNo
Accepts Credit CardsYesYesYes
Accepts PayPalYesYesYes
Accepts SkrillYesYesYes
Accepts PayoneerNoYesNo
Accepts NetellerYesYesNo

Online Share Trading In Myanmar

Trading Assets in Myanmar is highly controlled and considered quite secure. However, as always, that any investment may go down as well as up, which means that your capital is at risk.

If you're just starting out using online trading then it is suggested to have a demo account first with a controlled agent so that you are able to find out the systems without the risk of losing money.

Live Forex Trading In Myanmar

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

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

It's easy to do Live Forex Trading in Myanmar using seasoned online trading platforms

Live CFD Trading In Myanmar

CFD trading is the selling and buying of contracts for difference via an online provider in Myanmar. 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 Myanmar

Spread Betting in Myanmar is possible using professional online trading platforms like eToro or FP Markets. It is a simple bet as to whether the price will go up or down.  Usually, the Myanmar trading platforms will show the prices you have.

If you are looking at how to do spread betting in Myanmar then it is a good idea to start with a demo account with either plus500 or Trading212 so that you can practice with fake money before risking your own capital.

Trading Forex in Myanmar

Globally, Myanmar is considered safe to do online trading and has access to other global financial centers. In Myanmar, online brokers 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 most important things a trader should know:

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

The online trading apps used by brokers in Myanmar are well tested and highly rated & secure.

Whichever Online Trading Brokers in Myanmar you decide to use, ensure they have all of the below:

  • Easy to use platform
  • Access to a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Capable of doing social trading
  • Professional online help or support

Challenges Of Trading Online in Myanmar

The US Dollar is considered the base currency around the world so even a little change in the US economic markets can affect the economic markets in Myanmar. The EU is also a large market and changes there can affect the economic markets in Myanmar.

Like all countries there are opportunities in Myanmar financial markets and overall the prospects are positive. However, like in all global financial markets we recommend that any Online Trading Brokers in Myanmar you decide to use, make sure you do your homework first before risking any real money. We have collated thousands of datapoints and written this guide to help you find the Best Trading Platforms in Myanmar.  We hope that by reading this guide you will find a experienced broker that matches your needs.

Frequently Asked Questions About Trading Forex In Myanmar

Is Forex Trading Legal In Myanmar?

There's a growing misconception that trading Forex in Myanmar is deemed unsafe. This is not the case, Forex Currency trading in Myanmar is very active, safe and regulated.

Trading in Forex is allowed in Myanmar as for any company to trade internationally, foreign currency must be exchanged. Any time you purchase something and it is shipped from overseas, there will be numerous currency exchanges by multiple companies to get that item to you.

The main issue is that when trading Forex in Myanmar you pick one of the best online brokers.

Do Forex Traders Pay Tax In Myanmar?

After a trader is successful and their gains reach a particular level then they may be taxed in Myanmar according to the standard taxation rules.

Tax returns should always be filed even if there's a loss. You should seek advice with a documented accountant in Myanmar to make certain you're abiding by all present local laws as it's extremely determined by your personal circumstances.

Can You Trade Cryptocurrencies In Myanmar?

Cryptocurrency markets in Myanmar are quite new. As Cryptocurrencies work on decentralised assets in Myanmar matters like interest rate fluctuations and political instability do not affect them as much as the currency markets.

Cryptocurrencies are more popular with the centuries as well as growing income levels and technology adoption, trading cryptocurrency in Myanmar is rising day by day. It's still modest in comparison to the Forex markets but about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Myanmar?

Commodity trading in Myanmar involves trading in things like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inMyanmar.

Fast growing markets like India have a big demand for many fundamental raw materials for their inhabitants. It follows that states like Myanmar can take advantage of this situation.