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

Top Myanmar online trading platforms
The Best Myanmar Online Brokers 2021

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

This review contains the latest information about finding a reputable online broker in Myanmar.

If you are a new entrant into the realm of trading and broker, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will acquire proficient skills at all of the concepts of broker as you continue trading. For starters, you need to select the right agent in Myanmar who'll be transparent with you always.

In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program is key to your success.

We currently have 19 Brokers that we believe are the Best Online Brokers in Myanmar

Finding The Reputable Myanmar Online Brokers?

This review has been provided to help you find a reputable Myanmar broker. When looking for a great, reliable broker in Myanmar it can be a little confusing.  Below we show what your trading options are in Myanmar and what Myanmar brokers can offer you.

We currently have 19 Brokers that we believe are the Reputable Brokers in Myanmar

Bell Potter SecuritiesPhoenix MarketsBOQ TradingXM.comNabtradeOANDABitfinexAdamant FinanceTrading212Virtual BrokersBDSwissCity Of InvestmentExnessVTB 24 BankInvast GlobalAlfa ForexBettermentBulbrokersEagleFX
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Minimum Deposit$5$500$200$5$100$1$100$100$1$1000$500$3000$1$100$25000$0$0$100$10
Year Founded2015201320142009200819962015200820062008199420092008200819602011200820002019
HeadquartersAustrailiaCyprusUnited StatesCyprusUSAUnited States, CanadaNew ZealandSaint Vincent and the GrenadinesUKCanadaMauritiusUnited KingdomCyprusRussiaAustraliaCyprusUSABulgariaDominica
Regulated ByAustralian Securities and Investment Commission (ASIC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)Financial Services Provider (FSP)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF)UnregulatedFinancial Markets Authority (FMA)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)UnregulatedAustralian Securities and Investment Commission (ASIC)Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)UnregulatedFinancial Services Authority (FSA)Unregulated
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskCFDs 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 riskLosses can exceed depositsYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at risk
Withdrawal Feesvariablevariable0Novariablevariable$10$20NovariablevariablevariableYesvariablevariablevariablevariableNovariable
Inactivity FeesYesNoNoNoNoNoNo
Deposit Fees5500200510011001001100050030001100250000010010
CFD FeesNoNoNo$10- $300.06%- 0.30%YesYes
Accepts Credit CardsYesYes
Accepts PayPalNoYes
Accepts SkrillNoYes
Accepts PayoneerNoNo
Accepts NetellerYesNo

Online Stock Trading In Myanmar

Trading stocks and shares in Myanmar is highly controlled and considered quite secure. But, be aware that any investment can go down as well as up, so your capital is at risk.

If you are just starting out with online trading then it's suggested to have a demo account with a regulated broker so that you are able to learn the strategies without the danger of losing cash.

Live Forex Trading In Myanmar

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

Forex (short for Foreign Exchange) is a currency exchange involving two different countries and the following management of the resulting position in which one currency gains and the other loses.

It's easy to do Live Forex Trading in Myanmar with professional online agents

Live CFD Trading In Myanmar

CFD trading is the buying and selling of contracts for difference via an online agent in Myanmar. When you trade CFDs you are entering into an agreement 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 experienced online trading platforms like eToro or FP Markets. It is a simple bet as to whether the price will go up or down.  Often, the Myanmar online trading platforms will display the prices you have.

If you are looking at how to do spread betting in Myanmar then it is advisable to start with a demo account with either eToro or 101Investing so that you can practice with virtual money before risking your own capital.

Trading Shares 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, professional and supportive. 

However, it is always important to be as informed as possible so below are some of the important things a trader should know:

The financial industry 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 platforms used by brokers in Myanmar are well tested and highly rated & secure.

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

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

Challenges Of Trading in Myanmar

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

Like all countries there are challenges in Myanmar economic markets but overall the outlook is positive. However, like in all global financial markets we recommend that any Online Trading Solutions in Myanmar you decide to use, make sure you do your homework first before risking your money. We have collected hundreds 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 professional 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 isn't the situation, Forex trading in Myanmar is quite active, regulated and safe.

Trading in Forex is allowed in Myanmar as for any business to trade internationally, foreign currency must be exchanged. Whenever you buy something and it is shipped from abroad, there'll be numerous currency exchanges by multiple businesses to receive that thing to you.

The main thing is that when trading Forex in Myanmar you select one of the top online brokers.

Do Forex Traders Pay Tax In Myanmar?

Once a dealer is successful and their profits reach a particular level then they can be taxed in Myanmar as per the standard tax rules.

Tax returns must always be registered even if there's a reduction. You should seek advice with a documented accountant in Myanmar to ensure you're abiding with current regional laws since it's extremely determined by your personal conditions.

Can You Trade Cryptocurrencies In Myanmar?

Cryptocurrency markets in Myanmar are rather new. As Cryptocurrencies operate on decentralised resources in Myanmar things like interest rate fluctuations and political instability don't affect them as far as the money markets.

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

Can You Trade Commodities In Myanmar?

Commodities trading in Myanmar includes trading in matters like precious metals, energies and agricultural commodities.

Some commodities like agricultural are seeing exponential growth inMyanmar.

Fast growing markets like India have a big demand for many fundamental raw materials because of their population. This means that states like Myanmar can benefit from the situation.