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

The best Sri Lanka online trading platforms
Best Sri Lanka Online Trading Platforms 2021

This guide to the best brokers in Sri Lanka 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 top broker in Sri Lanka.

If you are a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll get proficient skills at all of the concepts of broker as you continue trading. For starters, you have to choose the best broker in Sri Lanka who will be transparent with you always.

In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program is key to your success.

We currently have 20 Online Brokers from our research that we believe are the Professional Trading Patforms in Sri Lanka

Finding The Top Sri Lanka Brokers?

This review has been collated to help you find a reputable Sri Lanka broker. When looking for an experienced, reliable broker in Sri Lanka it can be a little confusing.  Below we explain what your trading platform are in Sri Lanka and what Sri Lanka brokers can do for you.

We currently have 20 Brokers that we believe are the Professional Trading Patforms in Sri Lanka

BarclaysHargreaves LansdownCore SpreadsDegiroXGLOBAL MarketsPersonal CapitalBoston Merchant FinancialeToroArgonaut SecuritiesDucascopy BankDirect FXAlpha Capital MarketsAccentForexOANDAXM.comWealthfrontSkillingOinvestEightcapWellsTrade
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Minimum Deposit$0$200$1$0$500$100000$50$200$1$5000$1$0$100$1$5$500$100$200$100$30
Year Founded20111981201419342008200819882006200919982006199919981996200920082016201920152008
HeadquartersUnited KingdomUKLondonNetherlandsCyprusUSADubaiCyprus, UKAustraliaSwitzerlandNew ZealandUKVanuatuUnited States, CanadaCyprusUSACyprusSouth AfricaAustraliaUnited States
Regulated ByFinancial Conduct Authority (FCA), Prudential Regulation Authority (PRA)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)Cyprus Securities and Exchange Commission (CySEC)UnregulatedAustralian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)Australian Securities Exchange (ASX), Australian Securities and Investment Commission (ASIC), Securities and Futures Ordinance (SFO), Securities and Futures Commission (SFC)Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)UnregulatedUnregulatedUnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)UnregulatedCyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042Southern African Financial Sector Conduct Authority (FSCA)Australian Securities and Investment Commission (ASIC)Unregulated
Risk WarningYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed deposits75% of retail investor accounts lose money when trading CFDs with this provider.Your capital is at riskLosses can exceed depositsLosses can exceed depositsYour 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. 69% of retail investorYour capital is at riskLosses can exceed depositsYour capital is at risk
Withdrawal Fees2.75YesNovariable$0variableNoYes$10NovariablevariablevariableNovariablevariable$100/10000JPYYesvariable
Inactivity FeesYesNoNoNoYesYesNoYesNoNo
Deposit Fees0200105001000005020015000101001550010020010030
CFD FeesYes (0.1%)$1.50/lot/legNoNoYesNoNoYesYes
Accepts Credit CardsYesYesYes
Accepts PayPalYesNoNo
Accepts SkrillYesNoNo
Accepts PayoneerYesNoYes
Accepts NetellerYesYesNo

Online Stock Trading In Sri Lanka

Trading Assets in Sri Lanka is highly regulated and considered very safe. However, as always, that any investment may go down as well as up, which means that your capital is in danger.

If you're just starting out with online trading then it is advised to have a demo account first with a regulated broker so you are able to learn the strategies without the risk of losing money.

Live Forex Trading In Sri Lanka

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

Forex (short for Foreign Exchange) is a money exchange involving two different nations and the next management of the consequent position where one currency gains and the other loses.

It is possible to do Live Forex Trading in Sri Lanka using experienced online agents

Live CFD Trading In Sri Lanka

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

Spread Betting in Sri Lanka is possible using professional online brokers like eToro or IC Markets. It is a simple bet as to whether the price will go up or down.  Often, the Sri Lanka brokers will show the prices you have.

If you are looking at how to do spread betting in Sri Lanka then it is advisable to start with a demo account with either XM or Trading212 so that you can practice with virtual currency before risking your own capital.

Trading Stocks in Sri Lanka

Internationally, Sri Lanka is considered safe to do online trading and has access to other global financial centers. In Sri Lanka, online trading platforms are highly regulated, professional and supportive. 

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 industry in Sri Lanka are very mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Sri Lanka.

The online trading apps used by brokers in Sri Lanka are well tested and highly rated.

Whichever Online Trading Solutions in Sri Lanka 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
  • High quality charts
  • Able to perform social trading
  • Timely online help or support

Challenges Of Using Online Trading Platforms in Sri Lanka

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 Sri Lanka. The EU is also a large economy and changes there could affect the economic markets in Sri Lanka.

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

Frequently Asked Questions About Trading Forex In Sri Lanka

Is Forex Trading Legal In Sri Lanka?

There's a growing misconception that trading Forex in Sri Lanka is deemed unsafe. This isn't the case, Forex trading in Sri Lanka is very active, safe and regulated.

Trading in Forex is allowed in Sri Lanka as for any business to trade internationally, foreign currency must be exchanged. Any time you purchase something and it is shipped from overseas, there'll be multiple money exchanges by multiple companies to receive that thing to you.

The main issue is that if trading Forex in Sri Lanka you pick one of the top online brokers.

Do Forex Traders Pay Tax In Sri Lanka?

After a dealer is successful and their profits reach a particular level then they may be taxed in Sri Lanka as per the typical tax rules.

Tax returns must always be registered even if there's a loss. You should seek out advice with a documented accountant in Sri Lanka to ensure you're abiding by all present local laws since it's extremely determined by your personal circumstances.

Can You Trade Cryptocurrencies In Sri Lanka?

Cryptocurrency markets in Sri Lanka are quite new. As Cryptocurrencies operate on decentralised resources in Sri Lanka things like interest rate fluctuations and political instability don't impact them as far as the fiat markets.

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

Can You Trade Commodities In Sri Lanka?

Commodities trading in Sri Lanka involves trading in matters like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inSri Lanka.

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