Best Forex Trading Platforms In Sri Lanka 2024

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Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

Forex trading is becoming popular in Sri Lanka, with investors interested in speculating on Sri Lankan Rupees (LKR) and global currencies. Although the Central Bank of Sri Lanka (CBSL) oversees the market, there aren’t many local brokers, so Sri Lankans often turn to overseas trading platforms.

Explore the best forex brokers in Sri Lanka, chosen for their reliability, value for money, selection of currency pairs and smooth account funding in Sri Lankan Rupees.

5 Top Forex Brokers In Sri Lanka

Our hands-on testing, analysis and comparisons show these are the 5 best forex trading platforms for investors in Sri Lanka:

  1. Vantage - Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
  2. IC Markets - IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot.
  3. AvaTrade - AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.
  4. - continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.
  5. Pepperstone - Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice.

Best Forex Trading Platforms In Sri Lanka 2024 Comparison

Best Forex Trading Platforms In Sri Lanka 2024 Comparison
Broker Forex Assets EUR/USD Spread Forex App Rating Minimum Deposit Regulator Visit
Vantage logo
55+ 0.0
IC Markets logo
75 0.02
$200 ASIC, CySEC, FSA Visit
AvaTrade logo
50+ 0.9
$100 ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit logo
80+ 1.2
Pepperstone logo
100+ 0.1
$0 FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Visit
XM logo
55+ 1.6
Eightcap logo
50+ 0.0
$100 ASIC, FCA, xCySEC, SCB Visit
PrimeXBT logo
45+ Variable
$0 - Visit
IQ Option logo
60+ 14 pips
$10 - Visit
IG logo
80+ 0.8
FxPro logo
70+ 1.58 pips (Ave)
$100 FCA, CySEC, FSCA, SCB, FSC Visit
FXCC logo
70+ 0.2
$0 CySEC Visit
XTB logo
70+ 1.0
Plus500 logo
60+ 0.6
67 0.70 pips (var)
$100 FCA, CySEC, ASIC, FSCA, FSC Visit

#1 - Vantage

Why We Chose Vantage

Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

- DayTrading Review Team
  • GBPUSD Spread: 0.5
  • EURUSD Spread: 0.0
  • EURGBP Spread: 0.5
  • Total Assets: 55+
  • Leverage: 1:500
  • Platforms: ProTrader, MT4, MT5, TradingView, DupliTrade

#2 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • GBPUSD Spread: 0.23
  • EURUSD Spread: 0.02
  • EURGBP Spread: 0.27
  • Total Assets: 75
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade

#3 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • GBPUSD Spread: 1.5
  • EURUSD Spread: 0.9
  • EURGBP Spread: 1.5
  • Total Assets: 50+
  • Leverage: 1:30 (Retail) 1:400 (Pro)
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade

#4 -

Why We Chose

Founded in 1999, is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

" remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • GBPUSD Spread: 1.3
  • EURUSD Spread: 1.2
  • EURGBP Spread: 1.4
  • Total Assets: 80+
  • Leverage: 1:400
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral

#5 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • GBPUSD Spread: 0.4
  • EURUSD Spread: 0.1
  • EURGBP Spread: 0.4
  • Total Assets: 100+
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade

How We Rate Forex Brokers In Sri Lanka

These are the primary areas we evaluate forex trading platforms in, and recommend you do also:


Choose a trustworthy broker to guard against forex trading scams.

This is especially important since the Sri Lankan Central Bank has warned against sophisticated financial scams, whereby fraudsters claim they have large amounts of blocked local or foreign currency and will “pay handsome amounts” to Sri Lankans who can help in accessing it.

Our recommendation is to choose an established forex broker that’s authorized by a ‘green-tier’ regulator, such as the FCA in the UK, the ASIC in Australia, or the CySEC in Europe.

Given that there is a limited number of forex brokers registered in Sri Lanka, this may mean opening an account with an overseas trading platform.

  • AvaTrade is highly trusted and earned 4.8/5 in our ‘Regulation and Trust’ rating. It’s licensed by 7 regulators including 2 ‘green-tier’ regulators (ASIC and CySEC), has more than 15 years in the forex industry and provides transparent trading conditions on its 50+ currency pairs.

Currency Pairs

Pick a forex broker that facilitates short-term trading on the currencies you’re interested in.

For investors in Sri Lanka, this may mean the USD/LKR, EUR/LKR and GBP/LKR, however these are not widely available on most online trading platforms.

Instead, consider platforms with a wide range of currency pairs, providing access to majors and minors, plus volatile exotics that can provide skilled day traders with an opportunity to profit.

USD/INR trading on Vantage
TradingView – USD/INR Chart

You’re also more likely to find currencies that are relevant to Sri Lanka with a larger list, for instance, regional currencies like the Indian rupee (INR), which is commonly traded in the USD/INR pair.

  • Pepperstone has one of the most extensive suites of currency pairs we’ve seen, with 100+ forex assets spanning majors, minors, crosses, exotics and NDFs, including the USD/INR. It’s also scooped our ‘Best Forex Broker’ award twice now.


Low-cost platforms that don’t sacrifice quality provide an optimal environment for active Sri Lankan forex traders.

That’s why we evaluate fees on the most popular currency pairs; EUR/USD, EUR/GBP and GBP/USD, alongside investigating additional fees such as conversion costs if transferring Sri Lankan Rupees to an account based in another currency.

We then weigh the price against the forex broker’s tools, such as economic calendars that provide insights into regional influences like releases from India’s central banks, plus Sri Lankan economic data from sectors like agriculture and mining which play a significant role in the LKR’s performance.

  • IC Markets offers some of the tightest spreads based on tests, starting from zero with EUR/USD averaging 0.1 pips, alongside excellent tools like Trading Central and DupliTrade.

Forex Platforms

Find a platform that’s user-friendly and equipped with the features you need to place short-term forex trades.

In our experience, web-accessible proprietary platforms best suit beginners with intuitive designs, essential charting tools and helpful guides, while advanced day traders often prefer established third-party platforms like MetaTrader 4, MetaTrader 5 or cTrader.

TradingView is an increasingly popular forex platform, with a clean design that I love, and a huge range of integrated features, notably economic data on Sri Lankan Central Bank decisions as well as actionable trading ideas from its 50-million strong user base.

TradingView's economic calendar for Sri Lanka
TradingView’s economic calendar for Sri Lanka
  • offers a superb range of tools for forex traders at levels, including MT4, MT5 and TradingView. You also get access to premium services like Autochartist and Trading Central to help you research trading opportunities on its 80+ currency pairs.


Choose a forex broker with an affordable minimum deposit and convenient funding options.

Payment methods are a particularly important concern for Sri Lankan forex traders because you may need to find convenient international solutions if banking restrictions make depositing funds difficult. Digital solutions are also on the rise in Sri Lanka, according to Statista.

Some forex brokers accepting traders from Sri Lanka accept cryptocurrency deposits, however we’ve found that regulations on crypto transfers often change, so make sure you’re up to date on the latest rules in Sri Lanka before trying this.
  • RoboForex offers hassle-free account funding for Sri Lankans with 15+ payment options, including bank cards and AliPay while the minimum deposit is accessible at 10 USD.


We compiled a list of the best forex trading platforms in Sri Lanka by filtering our database of nearly 500 brokers for firms that accept traders from Sri Lanka and ranking them by their overall rating which considers key areas, notably: broker testing methodology overview

  • Authorization from a trusted regulator if not the CBSL.
  • A wide range of currency pairs of interest in Sri Lanka.
  • Transparent pricing with no hidden fees and competitive forex spreads.
  • Intuitive, feature-rich forex platforms and apps based on direct tests.
  • Convenient account funding for Sri Lankans with a low starting deposit.


Trading forex is legal in Sri Lanka if residents abide by the rules laid down by its financial regulators.

Who Regulates Forex Trading In Sri Lanka?

The Sri Lankan Central Bank oversees forex trading in Sri Lanka. It also implements rules that impact how much foreign currency locals can buy.

Trading currencies with an unregulated brokerage may not be allowed and you may not receive legal protections. Also keep in mind you could lose all your funds.

How Much Does It Cost To Start Trading Forex In Sri Lanka?

Our evaluations of around 500 brokers show you’ll need up to 250 USD, around 75,000, to open a forex trading account.

That said, top-rated platforms like Pepperstone don’t require any investment to register, giving traders in Sri Lanka an affordable way to access foreign exchange markets.

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