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Best Forex Brokers in Venezuela: A Comparative Guide

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

  • Bybit - A global cryptocurrency exchange offering Forex and CFD trading through the MetaTrader 5 platform, with leverage of up to 1:500.

  • XM Group - Best Order Execution (99.35% of orders are executed nearly instantly)

  • RoboForex - Best Forex broker for beginners ($10 min. deposit, copy trading)

  • Exness - Best raw spread account (avg. spread for major FX pairs 0.1-0.2 pips)

  • TeleTrade - Best for learning trading basics (a lot of educational and analytical materials)

  • FxPro - Biggest choice of currency pairs (70+ FX CFDs)

At Traders Union, we evaluate Forex brokers to help traders make informed, confident decisions and avoid unreliable or unsafe options. We use a professional and detailed approach, focusing on key factors such as regulation and safety, trading costs, ease of use, platform features for all experience levels, and real trader feedback collected over 15 years.

We’ve outlined every step of our evaluation in detail on our Methodology Page. Our process is transparent, data-driven, and built on years of expertise, combined with real trader insights, ensuring you can trust our recommendations.

Our goal is to guide traders toward brokers that are safe, reliable, and suited to their needs, whether they are beginners or experienced professionals in Venezuela

Warning:

There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Comparison of leading Forex brokers in Venezuela

The minimum deposit, EUR/USD spread, eligibility for residents of Venezuela, and the number of available currency pairs are key factors to consider when choosing a broker.

  • The minimum deposit shows how affordable it is to start trading.
  • The EUR/USD spread highlights trading costs—lower spreads mean you save more.
  • Eligibility for residents of Venezuela ensures you can legally access the broker’s services.
  • The number of currency pairs reveals the variety of trading options available.

Together, these factors help you determine if a broker is safe, cost-effective, and aligned with your trading needs.

Bybit
Minimum deposit, $
No
5 10 10 10 100 5 10 10 10 100
Accepts residents of country
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
ECN Spread EUR/USD 0,1 0,2 0,2 0,1 0,2 0,2 0,2 0,2 0,1 0,2 0,2
Currency pairs 61 57 40 100 60 70 57 40 100 60 70
Tradable assets 132 1400 12000 200 300 2100 1400 12000 200 300 2100
Study review Study review Study review Study review Study review Study review Study review Study review Study review Study review Study review Study review

We have analyzed the key advantages and disadvantages of the leading Forex brokers in Venezuela, as well as their overall ratings based on our proprietary methodology.

Available in Venezuela
1
TU Overall Score 9.2 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
9.7 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
8 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
4.4 /10
  • Access to Forex and CFDs without the need for third-party broker verification;
  • Support for trading via mobile and desktop MT5 versions;
  • Leverage up to 1:500 on most contracts;
  • Transparent commission and spread calculation system;
  • ECN model with ultra-tight spreads and fixed lot-based commissions;
  • No minimum deposit requirements;
  • Free demo account for virtual trading.
  • No multi-currency accounts;
  • Limited passive income options in the Forex market.
Available in Venezuela
2
TU Overall Score 9 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
9.1 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
7 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
10 /10
  • XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
  • No “markup” on narrow market spreads (broker's margins over the spread);
  • Over 1,000 trading instruments. Available for trading are: 57 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
  • No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
  • Around the clock support for 5 days a week in more than 30 languages.
  • Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
Available in Venezuela
3
TU Overall Score 8.9 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
8.5 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
8 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
4.9 /10
  • Availability of favorable trading conditions and a minimum deposit
  • Unique investment program CopyFx
  • Highest affiliate payments: up to 84% of the fee paid by the referral
  • Market launch - STP and ECN
  • Instant withdrawal of funds
  • Minimum deposit - $10
  • A small number of currency pairs - 28, for accounts: Pro, Pro-Cent, ECN
Available in Venezuela
4
TU Overall Score 8.7 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
8.5 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
7 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
10 /10
  • Availability of 8 licenses and a membership in the Financial Commission providing up to EUR 20,000 insurance coverage per client in the event of a force majeure;
  • Wide choice of account types — Standard, Standard Cent, Pro, Zero and Raw Spread;
  • Wide range of CFDs, including over 100 currency pairs;
  • Zero deposit and withdrawal fees (Depends on the payment system);
  • Proprietary platforms for active and social trading, as well as all versions of classic MT4 and MT5.
  • The broker’s website offers almost no educational materials;
  • 24/7 support isn’t available in all languages.
Available in Venezuela
5
TU Overall Score 8.6 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
9.3 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
7 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
4.7 /10
  • detailed analytical section;
  • informative training section;
  • Invest Start risk-free investment service;
  • interest accrual on deposit;
  • copytrading service;
  • several affiliate programs with high payouts.
  • no PAMM accounts or other money management options;
  • few withdrawal options;
  • support is available 24/5;
  • withdrawals delayed;
  • technical support responds slowly;
  • sometimes it takes a long time to verify data.
Available in Venezuela
6
TU Overall Score 7.9 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
8.5 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
6 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
10 /10
  • Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
  • insurance of client funds at the expense of the broker participation in an investor compensation fund;
  • beginner traders will be able to access tested advisors;
  • a full package of services is available to the client regardless of the balance of his account;
  • VIP account holders are offered a personal manager and get a Free VPS;
  • company capital exceeds 100 million euros;
  • offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
  • the reliable trading environment provided by the competent educational and research department.
  • it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
  • difficulties registering in an affiliate program.

Why trust us

We at Traders Union have analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we encourage users to perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Trading fees and commissions of top brokers in Venezuela

We compared both trading and non-trading fees of the top brokers in Venezuela. This comparison highlights the following:

  • Trading fees:

    These include average spreads in pips for popular currency pairs like EUR/USD and GBP/USD, based on both Standard and ECN account types with floating spreads.

  • Non-trading fees:

    These cover deposit and withdrawal fees (percentage-based), along with inactivity fees.

By analyzing these parameters, we aim to provide a transparent overview of the cost-effectiveness of brokers in Venezuela.

Trading fees
Bybit
ECN Spread EUR/USD 0,1 0,2 0,2 0,1 0,2 0,2 0,2 0,2 0,1 0,2 0,2
ECN Spread GBP/USD 0,2 0,2 0,4 0,3 0,2 0,2 0,2 0,4 0,3 0,2 0,2
ECN fee ($) 3 3,5 2 3 3,5 3 3,5 2 3 3,5 3
Standard acc. EUR/USD spread Not supported 1,0 1,0 1,1 1.2 1,3 1,0 1,0 1,1 1.2 1,3
Standard acc. GBP/USD spread Not supported 0,9 1,0 1,0 0,3 1,3 0,9 1,0 1,0 0,3 1,3
XAU/USD spread, pips
No
35 18 20 35 25 35 18 20 35 25
Non-trading fees
Bybit
Deposit fee, %
No
No
No
No
No
No
No
No
No
No
No
Withdrawal fee, %
No
No
0-4
No
No
No
No
0-4
No
No
No
Withdrawal fee, $
No
No
0-1,3
No
No
No
No
0-1,3
No
No
No
Inactivity fee, $
No
10
No
No
No
15
10
No
No
No
15

Security and regulation of top brokers in Venezuela

When choosing a Forex broker in Venezuela, regulation ensures your funds are safe. Tier-1 regulation is the most reliable, with strict rules on transparency and client protection. Tier-2 regulation is solid but less strict, offering a reasonable level of oversight. Tier-3 regulation and unregulated brokers are riskier, with minimal or no monitoring, which can put your money at risk.

The data below shows the regulatory level of brokers available in Venezuela, helping you make a safe and informed choice.

Bybit
Regulation and safety 4.4 10 4.9 10 4.7 10 10 4.9 10 4.7 10
Regulation VARA, AFSA, NBG, MiCAR CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius) FSC FCA, CySEC, FSA (Seychelles), FSCA, BVI FSC, CBCS, CMA SVGFSA FCA, CYSEC, FSCA, SCB, FSA (Seychelles) CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius) FSC FCA, CySEC, FSA (Seychelles), FSCA, BVI FSC, CBCS, CMA SVGFSA FCA, CYSEC, FSCA, SCB, FSA (Seychelles)
Max. Regulation Level
No
Tier-1 Tier-3 Tier-1 Tier-1 Tier-1 Tier-1 Tier-3 Tier-1 Tier-1 Tier-1
Investor protection
No
£85,000
€20,000
€20,000 €20,000
£85,000
No
€20,000
£85,000
€20,000
€20,000 €20,000
£85,000
No
€20,000
Negative balance protection
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

Top 3 brokers for beginners in Venezuela

This comparison highlights the best brokers in Venezuela for new traders based on the following criteria:

  • Education Score: Assesses the quality of educational materials, such as tutorials and guides.
  • Cent Accounts: Allow traders to start with minimal capital ($1–$10), enabling them to learn market dynamics with limited financial risk.
  • Demo Accounts: Provide risk-free environments for practicing trading strategies.
  • Copy Trading: Enables new traders to learn by replicating the trades of experienced traders.
  • PAMM Accounts: Offer opportunities for passive investment.

These features help ensure a smooth start and effective learning experience for beginners in Venezuela.

RoboForex Exness TeleTrade
Education score 9.2 7.21 8.29
Demo
Yes
Yes
Yes
Copy trading
Yes
Yes
No
PAMM
No
No
No
Cent
Yes
Yes
Yes

Is Forex regulated in Venezuela?

Forex trading is partially legal in Venezuela, but heavily restricted. The regulatory body is the Central Bank of Venezuela (BCVBanco Central de Venezuela), which controls foreign exchange transactions and restricts access to international brokers.

Forex investor protection in Venezuela

Investor protection is virtually non-existent. Due to economic restrictions, traders are forced to use foreign platforms, which is associated with risks. Choosing international brokers with CySEC or FCA licenses increases the level of security.

Forex taxation in Venezuela

Profits from Forex trading are subject to income tax at a rate of up to 34% depending on the individual's income bracket. Declarations are submitted through the National Tax Service (SENIAT).

How to choose a Forex broker in Venezuela

For beginners, it’s essential to start with a strong foundation in Forex trading basics. Focus on understanding trading psychology, how leverage impacts risk, and the importance of lot sizes and risk management strategies.

Once you’ve built your knowledge, follow these practical steps to begin trading Forex in Venezuela:

  • Check regulation and security.

    Ensure the broker is regulated by a Tier-1 or Tier-2 regulatory authority or holds a valid license in Venezuela. Regulation helps guarantee fund safety and compliance with industry standards.

  • Compare fees and spreads.

    Seek brokers offering low spreads, transparent fees, and competitive commission structures for Venezuela clients to minimize trading costs.

  • Evaluate trading platforms.

    Choose brokers offering advanced platforms such as MT4, MT5, or TradingView for efficient trading and analysis.

  • Review account types.

    Select a broker that offers account types suited to your needs, such as Cent and Demo accounts for beginners and ECN accounts for experienced traders.

  • Assess deposit and withdrawal options.

    Ensure the broker provides fast, affordable, and reliable deposit and withdrawal methods in Venezuela.

  • Check customer support quality.

    Choose brokers that offer responsive, multilingual support 24/7 to ensure prompt and effective issue resolution.

How to start trading Forex with minimal or no investment in Venezuela?

Forex trading in Venezuela can begin with minimal investment through cent accounts , which allow small-scale trading with reduced risk. Many brokers also offer no-deposit bonuses, affiliate rewards, and trading contests to earn capital without your own funds. Practicing on a demo account is strongly recommended before transitioning to live trading.
Exness RoboForex TeleTrade
Cent Account
Yes
Yes
Yes
Minimum deposit 10 10 10
Free Demo
Yes
Yes
Yes
Affiliate program
Yes
Yes
Yes
Welcome bonus
No
Yes
No
Trading contest
No
No
No
Open an account Study review Study review Study review

Expert advice for traders in Venezuela

Updated on July 07, 2025

In my experience, responsive customer support is crucial for a positive trading experience. Trading inevitably involves occasional issues, whether it's a question about deposits and withdrawals or a technical problem with the platform. Brokers offering 24/7 multilingual support have been invaluable in my trading journey. Multiple communication channels, such as live chat and phone support, facilitate prompt issue resolution. Reliable customer support not only addresses issues quickly but also demonstrates the broker's commitment to its clients' success.

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Team that worked on the article

Parshwa Turakhiya
Author at Traders Union

Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.

Chinmay Soni
Developmental English Editor

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).