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Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Top Forex Brokers in Nepal

Forex trading in Nepal has become easier to get involved in over recent years, which have mostly seen strong economic growth and the increasing availability of fast internet.

The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
A user-friendly, proprietary mobile trading app, FXTM Trader.
Quality education for beginners & high-paying affiliate program for passive income
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Four cryptocurrency payment processors & fast processing times for verified accounts.
Two mobile apps (MT5 and proprietary) & choice of copy trading services
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Guardian Angel MT4 plugin & Capitalise AI for code-free algorithmic trading.
Excellent educational content & passive income via a high-paying partnership program
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Quality educational content & platform tutorials for beginners
Choice of copy trading providers, including proprietary option & MT4/MT5 mobile apps
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Cryptocurrency deposits & dedicated cryptocurrency platform Crypto Crusher
Capitalise AI for algorithmic trading free of coding & mobile apps (MT4 and MT5)

Best Nepal Brokers Comparison

Year Established
Execution Type(s)
ECN/STP, Market MakerECN/STPMarket MakerECN/STP, No Dealing DeskECN/STP, Market Maker
Minimum Deposit
Average Trading Cost EUR/USD
0.1 pips1.1 pips0.9 pips1.3 pips1.0 pips
Average Trading Cost GBP/USD
0.2 pips1.4 pips1.5 pips2.0 pips1.2 pips
Average Trading Cost Gold
$0.18 $0.21 $0.29 $0.90 $0.12
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedOther, MetaTrader 4, MetaTrader 5, Web-based+MetaTrader 4, MetaTrader 5, Trading ViewMetaTrader 4, MetaTrader 5, Trading View
Islamic Account
Negative Balance Protection

Nepalese Forex traders can learn here how to get started trading Forex, the correct approach to learning how to trade and deciding upon a profitable trading strategy for use, and which Forex brokers are most suitable.


In Summary Best all-around broker with high floating leverage and fast execution

We have made FXTM one of our top-rated brokers because in addition to its lengthy track record, it enjoys a very high level of regulation and reputation, and it offers a highly competitive fee structure which tends to keep down the cost of trading.

Read more on FXTM »
4.8/5 in this category

Pros & Cons

  • Excellent commission-based Forex pricing environment and transparency
  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
  • Quality market research and educational content for beginner traders
  • A highly regulated broker with a tier-1 license
  • No cryptocurrencies and limited choice of commodities

FP Markets

In Summary ECN trading with leverage up to 1:500

fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.

Read more on FP Markets »
4.7/5 in this category

Pros & Cons

  • Choice of trading platforms and auxiliary trading tools
  • Very competitive cost structure and excellent asset selection
  • Low minimum deposit requirement and leverage of up to 1:500
  • Well-regulated and trustworthy
  • Availability of Iress geographically restricted


In Summary Highly regulated, choice of fixed or floating spreads

AvaTrade is one of the largest Forex / CFD brokers and well-known for offering their clients a choice of fixed or floating spreads. They have a very high and strong level of regulation. AvaTrade is directly regulated in Ireland (and by extension, the European Union), Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava offers maximum leverage on Forex currency pairs as high as 400 to 1. AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. 2 bonds and 6 ETFs are also on the menu.

Read more on AvaTrade »
4.7/5 in this category

Pros & Cons

  • High-quality educational offering via SharpTrader
  • Excellent choice of trading platforms catering to various trading needs
  • Broad asset selection and cross-asset diversification opportunities
  • Well-regulated and trusted broker with oversight from a central bank
  • Trading costs competitive but nothing special

BlackBull Markets

In Summary Best ECN trading environment, with scalping and hedging

BlackBull Markets was founded in 2014 in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. They are regulated in New Zealand by the Financial Services Providers Register (FSPR) and offer a maximum leverage on some Forex currency pairs as high as 500 to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia. BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.

Read more on BlackBull Markets »
4.6/5 in this category

Pros & Cons

  • ECN/NDD execution model with deep liquidity
  • Institution-grade pricing for retail traders via proprietary price aggregation
  • ZuluTrade and Myfxbook for social trading
  • Leverage of up to 1:500
  • Limited deposit options


In Summary Competitive pricing + excellent daily videos

Eightcap established itself among the best Forex brokers due to its superb trading infrastructure, excellent order execution amid deep liquidity, competitive fees, and cutting-edge trading tools. Manual traders get a well-designed AI-powered economic calendar, and Eightcap upgrades MT4 via Capitalise AI, which enables algorithmic trading in a code-free environment. MT5 traders benefit from Flash Trader, while the dedicated cryptocurrency solution Crypto Crusher caters to cryptocurrency traders.

Copy traders get the embedded MT4/MT5 services, and Eightcap connects social traders to the active TradingView community. Beginner traders get an outstanding educational and research offering via Eightcap Labs and Eightcap Trade Zone.

Read more on Eightcap »
4.5/5 in this category

Pros & Cons

  • Low minimum deposit and high leverage of up to 1:500
  • Competitive cost structure
  • Excellent technology infrastructure and seasoned management team
  • Daily research and quality educational content
  • Limited leverage in some areas

Nepal’s Financial Situation

Nepal is home to over 28 million people, and in the middle of a rebuilding phase following the civil war, which saw the last Hindu monarchy replaced with a secular republic in 2008. The Nepalese Constitution was adopted in 2015.

In approximately twenty years, the country is forecast to eradicate poverty, but today about one-third lives just above it in a vulnerable financial condition. One of the fastest-growing economies in the world, it ranks today at 165th in nominal GDP per capita, with a per capita income of just above $1,000 per year.

The Nepalese labor force is the 37th largest in the world, with three-quarters employed in the agricultural sector. Nepal ranks 19th globally in total foreign exchange remittances, which account for as much as 28% of GDP. Many adults are working in foreign countries and sending their earnings back to their families. Foreign exchange is, therefore, something well understood in Nepal.

One encouraging sign for Nepal’s development is the fast spread of internet accessibility. Trading is in the DNA of this landlocked country, which has historically been a key trading post along the ancient Silk Road and a strategic location between China and India.

Is Forex Trading Legal in Nepal?

Forex trading is perfectly legal in Nepal and is supervised by the Securities Board of Nepal (“SEBON”) under the Securities Act 2063, which was published on January 14th, 2007. An amendment regarding directives, bylaws, merchant banker guidelines and associated laws related to the securities market was submitted to parliament in September 2019 with the intent of modernizing the law. Forex trading is completely legal, as long as traders remain compliant with local tax laws, which include a capital gains tax on Forex profits.

How to Start Online Forex Trading in Nepal?

The challenging fiscal situation of most households makes trading Forex in Nepal more appealing, as it requires relatively low capital and other resources to get started. A computer or mobile device, trading capital, and a stable internet connection are required.

Trading Equipment & Infrastructure

Given the vast availability of affordable mobile devices, most Nepalese Forex traders are likely to opt for mobile trading. Internet access and excellent coverage, per TKP data, over 95% of the population is within range of a mobile tower, allowing traders to manage their portfolios free of outages. Nepal had electricity issues in the past but is on a path towards full energy independence due to renewable energy sources. Over 99% of urban Nepalese have an energy connection, and nearly 20% retrieve it from solar panels.

Forex Brokers & Trading Strategies

While the above items can be compared to the required hardware, the “software” consists of a good Forex broker and a suitable trading strategy. Residents of Nepal have a wide range of choice of well-resourced and regulated Forex brokers as there is nothing stopping them from opening an account almost anywhere.

Some successful traders open accounts at more than one broker, which reduces overall risk and may allow for more effective trading of different asset classes at different brokers. New traders must not rush the selection process and perform proper due diligence once it is understood how to choose a Forex broker.

At the core of each successful Forex trader is at least one trading strategy which works well and suits the trader’s personality, ability, and level of understanding of Forex. There is no universal approach that is suitable for everyone. Learning how to trade Forex requires practice, best accomplished in a demo account and the with an initially small deposit of real funds. Forex trading without an effective strategy is simply gambling with the odds against you.

Is Forex Trading Legal in Nepal?

Finding, building, and fine-tuning profitable trading strategies for beginners is worth a considerable investment of time and effort. Profitable traders also need to cultivate the correct psychological approach to trading as most people find it very difficult to stick to their trading plan when the inevitable tougher trading times arrive. While mastering a strong psychological approach to trading does not guarantee profit, it is very hard to make money without having the psychological strength to keep calm when losing trades happen, as they happen to all traders, even profitable ones.

The Best Forex Brokers in Nepal

There are no international Forex / CFD broker with a physical presence in Nepal, and there are no such brokers anywhere in the world currently accepting deposits in Nepalese Rupees. This means that effectively, anyone in Nepal looking for a broker has a very wide variety of choice, as there are very few Forex / CFD brokers who place any restrictions on accepting a new client resident in Nepal, and there are no unique geographical issues driving choice of best broker.

One issue many Nepalese resident Forex traders may need to consider is that there are some brokers offering a better service to traders depositing relatively small amounts of money, and many Nepalese traders will be in this category. If you are, be assured that it is possible to start trading Forex successfully with a deposit as low as $100, especially if you use a broker that offers trading in nano-lots such as Exness.

While it may be tempting to select a broker based upon how close it is to Nepal, most good brokers have customer support open 24 hours every weekday. However, language may be more of an issue, and good language support may be found most easily in Forex brokers which have offices in Mauritius.

It is recommended to proceed carefully in choosing the right Forex / CFD broker for you.

Online Forex Training in Nepal

At the time of this article, over 128 Forex training courses were advertised in Nepal for online forex trading in Nepal. While some offers may be genuine, most represent an unnecessary capital drain, and will exist primarily to exploiting new traders. Everything you need to know about trading Forex and CFDs can be acquired completely free of charge on the internet. The money you might spend on a Forex training course will almost certainly be better spent elsewhere. Thanks to demo accounts, and the fact that accounts can now be opened with very small deposits of real money, there are relatively painless ways to learn by doing, too.

Forex training centers or other courses may seem attractive and logical investments, but they are extremely likely to leave you dissatisfied with what you would get in return for your investment.

Best Time to Trade Forex in Nepal

A key factor in Forex trading in any country is the position of that country’s time zone and how it relates to the key Forex trading centers of London and New York.

Nepal is 4 hours and 45 minutes ahead of London on almost every day of the year. As it is well established that intraday trading (day trading) is best done at times of relatively high volatility, you should consider that peak Forex volatility tends to happen from Noon to 4pm London time. This means that the best time for online Forex trading in Nepal is in the late afternoons and evenings after work or education, as these times correspond to the period between 4:45pm and 8:45pm at local time in Nepal.

Final Thoughts

  • Forex trading will continue to become more popular in Nepal as GDP grows and disposable incomes rise.
  • Forex trading is legal in Nepal and can represent an opportunity to profit if done correctly and responsibly.
  • Nepalese residents have a wide choice of Forex / CFD brokers to use but might face account currency issues as deposits in Nepalese Rupees are not accepted. However, it is possible to find brokers allowing deposits in the Indian Rupee, which has a pegged exchange rate to the Nepalese Rupee.
  • Forex training services are available in Nepal but are all very likely to be a waste of money.
  • Nepal is in a well-positioned time zone for Forex traders, as the peak hours of the Forex market fall in the early evening local time.

You might also be interested in reviewing the below top brokers:


Can I trade Forex with $10?


There are Forex brokers which will allow you to start trading with a deposit of $10 or even less. However, unless they offer trading in nano lots, you will only afford a maximum loss of 100 pips before your whole account would be gone.

How do professional traders trade Forex?


Professional traders working for themselves may trade Forex in any way. Professional traders employed by banks and hedge funds tend to trade without any leverage and take more trades than retail Forex traders would be wise to. Usually, they will use a combination of trend following, mean reversion, support and resistance, and market sentiment trading strategies.

Is Forex trading really profitable?


Data suggests that while about 72% of retail Forex traders fail to generate profit, the 28% who are profitable achieve this by using leverage carefully and by utilizing proven, profitable trading strategies in a disciplined way.

Which broker is best for trading in Nepal?


Most international brokers accept traders from Nepal and often provide more competitive trading conditions than local brokers. With over 50 brokers listed on the Nepal Stock Exchange (NEPSE), traders in Nepal can compare the trading environment with international competitors to determine the best choice. Individual preferences remain the ultimate factor in finding the best broker.

Is Forex legal in Nepal?


Online Forex trading in Nepal is 100% legal, supervised by the Securities Board of Nepal (SEBON). Additionally, there are no restrictions for Nepalese traders to open Forex trading accounts with international brokers, and most accept traders from Nepal.

Is Bitcoin legal in Nepal?


Bitcoin trading, and trading in any other cryptocurrency, remain illegal in Nepal, according to the latest announcement from the Nepal Rastra Bank, the Nepalese central bank. While this may change in the future, Nepal has chosen a wait-and-watch approach.

How can I trade in Nepal?


The first step is to learn how to trade, especially how to manage emotions and stress. Traders must then choose a broker offering a competitive trading environment, followed by opening and funding a trading account.

Can you open an account with two brokers in Nepal?


Nepalese Forex traders can open multiple accounts with international brokers. For other assets and domestic brokers, traders must have a separate Demat account for each broker. Each Demat account has an annual maintenance charge, and the limit is two Demat accounts per individual. It is always beneficial to consult a qualified legal professional for details and updates to regulations.

How can I get a broker ID in Nepal?


Brokers offer an online application, which should take less than 30 seconds to complete. Account verification is mandatory, and brokers will ask for documents, including a valid ID and proof of residency document dated within the last three months.

Huzefa Hamid
About Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.