Nepalese Stock Exchange

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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.
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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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William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Nepalese Stock Exchange brokers offer access to the only exchange in Nepal. Trading began in 1994 when the exchange, known as NEPSE for short, was first established. This guide will explain how to start investing on the NEPSE, with information about its online trading system, how to register for an affiliated broker account, and tips on making the most of NEPSE opportunities. We have also compiled a list of the top brokers with access to the Nepalese Stock Exchange, alongside guidance on how to compare them.

Nepalese Stock Exchange Brokers

These are the 10 best brokers for trading on the Nepalese Stock Exchange:

Click a broker for details
  1. 1
    FOREX.com
    Active Trader Program With A 15% Reduction In Costs

    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5

    $100
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Futures, Futures Options
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
  2. 2
    NinjaTrader

    Ratings
    4.3 / 5
    2.8 / 5
    2.9 / 5
    4.3 / 5
    4.5 / 5
    4 / 5
    4 / 5
    3.5 / 5
    3 / 5
    3.2 / 5

    $0
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Options, Commodities, Futures, Crypto
    NinjaTrader Desktop, Web & Mobile, eSignal
    ACH Transfer, Debit Card, Wire Transfer
    USD
  3. 3
    eToro USA
    Invest $100 and get $10
    https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

    Ratings
    4.3 / 5
    3 / 5
    3.9 / 5
    3.4 / 5
    4 / 5
    3 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4 / 5

    $10
    $10
    SEC, FINRA
    Stocks, Options, ETFs, Crypto
    eToro Trading Platform & CopyTrader
    ACH Transfer, Debit Card, PayPal, Wire Transfer
    USD
  4. 4
    OANDA US
    CFDs are not available to residents in the United States.

    Ratings
    4.5 / 5
    3.5 / 5
    2.8 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.3 / 5
    3.8 / 5
    4.7 / 5
    3.7 / 5

    $0
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
    OANDA Trade, MT4, TradingView, AutoChartist
    Wire Transfer, Visa, Mastercard, Debit Card, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD
  5. 5
    DNA Markets

    Ratings
    3 / 5
    4 / 5
    4 / 5
    3.9 / 5
    3.5 / 5
    3.6 / 5
    1.8 / 5
    1.6 / 5
    4.8 / 5
    4.4 / 5

    $100
    0.01 Lots
    1:500
    ASIC
    CFDs, Forex, Indices, Commodities, Stocks, Crypto
    MT4, MT5
    Credit Card, Debit Card, Wire Transfer, BPAY, Skrill, Neteller, Bitcoin Payments, Bitwallet, AstroPay, Mastercard
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  6. 6
    IG
    Forex trading involves risk. Losses can exceed deposits.

    Ratings
    4.9 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.8 / 5
    4.5 / 5
    4.9 / 5
    5 / 5
    4.6 / 5
    4 / 5

    $0
    0.01 Lots
    1:30 (Retail), 1:250 (Pro)
    FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
    Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
    PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
  7. 7
    Pocket Option
    50% Deposit Bonus

    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5

    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash
    USD
  8. 8
    IQCent
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5

    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
  9. 9
    RedMars

    Ratings
    3.3 / 5
    3.5 / 5
    3.8 / 5
    3.5 / 5
    3.8 / 5
    4 / 5
    2.8 / 5
    3 / 5
    4.7 / 5
    4.6 / 5

    €250
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    CySEC
    CFDs, Forex, Stocks, Indices, Commodities, Cryptos
    MT5
    Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, Visa
    USD, EUR
  10. 10
    Interactive Brokers

    Ratings
    4.5 / 5
    3.5 / 5
    4.5 / 5
    4.3 / 5
    3.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5

    $0
    $100
    1:50
    FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
    Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
    Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card
    USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Here is a short overview of each broker's pros and cons

  1. FOREX.com - Founded in 1999, FOREX.com 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.
  2. NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
  3. eToro USA - eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.
  4. OANDA US - OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
  5. DNA Markets - DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.
  6. IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
  7. Pocket Option - Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.
  8. IQCent - IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.
  9. RedMars - Launched in 2020, Cyprus-based RedMars offers competitive spreads on more than 300 instruments and leverage up to 1:500. Three accounts are available - Standard, Pro and VIP - serving a range of budgets and experience levels, with a fast and fully digital account opening process.
  10. Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

FOREX.com

"FOREX.com 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."

Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus OfferActive Trader Program With A 15% Reduction In Costs
Demo AccountYes
InstrumentsForex, Stocks, Futures, Futures Options
RegulatorNFA, CFTC
PlatformsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Stock Exchanges

FOREX.com offers trading on 14 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange

Pros

  • Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
  • With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.

Cons

  • FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
  • Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.

NinjaTrader

"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."

Tobias Robinson, Reviewer

NinjaTrader Quick Facts

Demo AccountYes
InstrumentsForex, Stocks, Options, Commodities, Futures, Crypto
RegulatorNFA, CFTC
PlatformsNinjaTrader Desktop, Web & Mobile, eSignal
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD

Stock Exchanges

NinjaTrader offers trading on 2 stock exchanges:

  • Chicago Mercantile Exchange
  • New York Stock Exchange

Pros

  • You can get thousands of add-ons and applications from developers in 150+ countries
  • NinjaTrader is a widely respected and award-winning futures broker and is heavily authorized by the NFA and CFTC
  • Low fees are offered, with $50 day trading margins & commissions from $.09 per micro contract

Cons

  • There is a withdrawal fee on some funding methods
  • Non forex and futures trading requires signing up with partner brokers
  • The premium platform tools come with an extra charge

eToro USA

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."

Rebecca Holden, Reviewer

eToro USA Quick Facts

Bonus OfferInvest $100 and get $10
Demo AccountYes
InstrumentsStocks, Options, ETFs, Crypto
RegulatorSEC, FINRA
PlatformseToro Trading Platform & CopyTrader
Minimum Deposit$10
Minimum Trade$10
Account CurrenciesUSD

Stock Exchanges

eToro USA offers trading on 3 stock exchanges:

  • Dow Jones
  • New York Stock Exchange
  • S&P 500

Pros

  • The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
  • eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC
  • A free demo account means new users and prospective day traders can try the broker risk-free

Cons

  • The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
  • There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos
  • There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools

OANDA US

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

Rebecca Holden, Reviewer

OANDA US Quick Facts

Demo AccountYes
InstrumentsForex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
RegulatorNFA, CFTC
PlatformsOANDA Trade, MT4, TradingView, AutoChartist
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Stock Exchanges

OANDA US offers trading on 0 stock exchanges:

Pros

  • Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
  • Day traders can enjoy fast and reliable order execution
  • The broker offers a transparent pricing structure with no hidden charges

Cons

  • There's only a small range of payment methods available, with no e-wallets supported
  • It's a shame that customer support is not available on weekends
  • The range of day trading markets is limited to forex and cryptos only

DNA Markets

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

Jemma Grist, Reviewer

DNA Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Indices, Commodities, Stocks, Crypto
RegulatorASIC
PlatformsMT4, MT5
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD

Stock Exchanges

DNA Markets offers trading on 14 stock exchanges:

  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange
  • Russell 2000
  • S&P 500
  • SIX Swiss Exchange
  • Toronto Stock Exchange

Pros

  • Convenient account funding is available with 7 base currencies, a $100 deposit and a wide range of payment methods
  • DNA Markets offers top-rate platforms and charting tools for day traders with access to MT4 and MT5
  • After a recent upgrade, there are now over 800 assets available to trade via CFDs, with a particularly impressive range of 120+ cryptos

Cons

  • Although it continues to strengthen its client base and reputation, DNA Markets lacks the track record of top brokers like Vantage
  • Unlike many alternatives, there are limited educational and research tools for traders seeking an all-in-one solution
  • Despite access to MT4 and MT5, there is no proprietary trading app for seamless account management whilst on the go

IG

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."

Christian Harris, Reviewer

IG Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
RegulatorFCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
PlatformsWeb, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:250 (Pro)
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Stock Exchanges

IG offers trading on 20 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Bombay Stock Exchange
  • Borsa Italiana
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Stock Exchange
  • National Stock Exchange Of India
  • Russell 2000
  • S&P 500
  • SIX Swiss Exchange
  • Shanghai Stock Exchange
  • Shenzhen Stock Exchange
  • Tadawul
  • Taiwan Stock Exchange
  • Toronto Stock Exchange

Pros

  • IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities
  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis

Cons

  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

Rebecca Holden, Reviewer

Pocket Option Quick Facts

Bonus Offer50% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
RegulatorMISA
PlatformsWeb, MT4, MT5
Minimum Deposit$50
Minimum Trade$1
Account CurrenciesUSD

Stock Exchanges

Pocket Option offers trading on 11 stock exchanges:

  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange
  • S&P 500

Pros

  • The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
  • The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks

Cons

  • Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
  • You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

Rebecca Holden, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
RegulatorIFMRRC
PlatformsOnline Platform, TradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR

Stock Exchanges

IQCent offers trading on 0 stock exchanges:

Pros

  • There's an accessible $0.01 minimum stake for new day traders with a small budget
  • Keen traders can take part in trading contests with cash prizes
  • The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests

Cons

  • The market analysis is very basic with limited technical summaries and insights from analysts
  • IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks
  • IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month

RedMars

"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."

Christian Harris, Reviewer

RedMars Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Cryptos
RegulatorCySEC
PlatformsMT5
Minimum Deposit€250
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro)
Account CurrenciesUSD, EUR

Stock Exchanges

RedMars offers trading on 15 stock exchanges:

  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • National Stock Exchange Of India
  • New York Stock Exchange
  • S&P 500
  • Shanghai Stock Exchange
  • Shenzhen Stock Exchange

Pros

  • RedMars offers one of the best platforms for day trading, MT5, hosting 21 timeframes, dozens of analytical tools, flexible templates and algo trading
  • The broker supports a range of flexible payment methods, including wire transfers, credit cards, e-wallets, and notably cryptocurrencies
  • Clients in the EU, in particular, can trade with peace of mind knowing RedMars is authorized by the CySEC with up to €20K compensation available through the ICF in the event of bankruptcy

Cons

  • The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
  • RedMars falls short for newer traders, with little in the way of education, no beginner-friendly platform, a steep minimum deposit, and inadequate support during testing
  • While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo AccountYes
InstrumentsStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
RegulatorFCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
PlatformsTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Minimum Deposit$0
Minimum Trade$100
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Stock Exchanges

Interactive Brokers offers trading on 15 stock exchanges:

  • Borsa Italiana
  • CAC 40 Index France
  • Chicago Mercantile Exchange
  • Euronext
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Metal Exchange
  • London Stock Exchange
  • Nasdaq
  • Nasdaq Nordic & Baltics
  • New York Stock Exchange
  • Russell 2000
  • Shenzhen Stock Exchange
  • Toronto Stock Exchange

Pros

  • While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
  • The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.
  • There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.

Cons

  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.

How To Compare Nepalese Stock Exchange Brokers

The Nepalese Stock Exchange trading system is currently only available to registered brokers. Here are the key things to consider when choosing between online brokers that support trading on the Nepalese Stock Exchange:

In August 2020, the exchange issued instructions to registered NEPSE brokers that KYC registration forms and investment platform applications could be submitted online. This development meant investors can now register with Nepalese Stock Exchange brokers without physically having to visit their office locations. This includes legal documents that can now be uploaded online.

What Is The Nepalese Stock Exchange?

Located in Kathmandu, Nepal, the Nepalese Stock Exchange (NEPSE) is the country’s only stock exchange. It opened its floor in January 1994 and now has a market capitalization totaling approximately NPR 3.92 trillion. There are over 285 listed companies, with 26 mutual fund schemes, 23 of which are closed-end and 3 of which are open-end.

The Nepal Stock Exchange Ltd is a primarily government-owned company, registered under the Companies Act 2006 and operating in line with the Securities Act 2007. The NEPSE is regulated by the Securities Board of Nepal (SEBON). The Nepalese government owns 58.66% of the NEPSE, followed by Nepal Rastra Bank (14.6%), Employees Provident fund (10%), Rastriya Banijya Bank (6.14%), Laxmi Bank (5%), Prabhu Bank (5%) and members/brokers (0.6%).

The Nepalese Stock Exchange center was created to enable the trade of listed securities, encourage market liquidity and contribute to the economic development of Nepal via capital formation and mobilization. It aims to be the leading regulatory body in terms of market operations, listed companies and securities dealers in the region.

Investors can trade the exchange’s listed securities through Nepalese Stock Exchange brokers. The NEPSE facilitates the buying and selling of securities to investors through 100 licensed brokers, some of which have remote work stations (RWS) in Pokhara, the country’s second-most populous city, and across Nepal.

A Brief History

In 1976, around 2033 BS in the Nepali calendar, the Nepalese government created a center for buying and selling securities. Originally known as the Securities Exchange Centre, it was named Nepal Stock Exchange Ltd in 1993.

Investing on the Nepalese Stock Exchange has traditionally been an in-person affair, with traders needing to visit a broker’s physical location to trade. The NEPSE was much slower to introduce technology into the market than the more developed exchanges, such as the LSE. Its first online system, named NOTS, was launched only in 2018 and the adoption of online trading was initially slow.

Nepalese Stock Exchange Trading

Nepalese Stock Exchange investments can be broken down into two share markets: the primary and the secondary markets. In the primary market, the following securities are issued directly by a company or institution:

Shareholders in the secondary market, as legal owners, can sell the stocks that they obtained through both the primary market and secondary market. They do so via Nepalese Stock Exchange brokers.

NEPSE trading volume has traditionally been focussed on the primary market, with traders holding on to their securities once purchased. However, interest and volume in the secondary market is increasing all the time.

Nepalese Stock Exchange Indices

When investing with Nepalese Stock Exchange brokers, it is useful to be aware of the following indices as a guide to the strength of the market.

NEPSE Index

The NEPSE index is the composite value-weighted index of all securities listed on the Nepalese Stock Exchange. Unlike the indices of other major stock exchanges around the world, like the S&P 500 and the National Stock Exchange of India’s NIFTY 50, both of which are calculated based on selected representative stocks, the NEPSE index shows the aggregate growth in capitalization of all companies listed on the Nepalese Stock Exchange. The NEPSE index reached an all-time high of 3,004.33 on 30 July 2021.

Other indices in the NEPSE index family can also provide investors with valuable information, we’ve listed some of the most interesting below.

Sensitive Index

Unlike the NEPSE Index, the sensitive index is only calculated from the market capitalization of selected companies that fulfil the following criteria:

Float/Float Sensitive Index

In stock markets, float refers to the number of shares that are actively being traded. When investing ot Nepalese Stock Exchange brokers, traders need to be aware of the stock market’s float status as it illustrates the actual number of any shares in the market.

In Nepal, all companies have both promoter and public shares, both of which are listed on the Nepal Stock Exchange. Although the promoter shares are listed, they are rarely traded as most investors tend to keep ownership of these for a longer period. This ultimately declines the float of the shares market.

The Nepalese Stock Exchange center does not calculate the float in public shares, therefore the float index takes the ordinary shares of all listed companies to determine its index value.

The float sensitive index does the same for the companies that are eligible for the sensitive index. It only considers the ordinary shares of high-performing stocks, helping investors to see where larger companies are headed.

Sub-Indices In The Nepalese Stock Exchange

There are 13 Nepalese Stock Exchange sub-indices to be aware of. Look out for these on your Nepalese Stock Exchange brokers’ website. These are categorized by the following sectors:

Index-based Circuit Breakers

The Nepalese Stock Exchange index-based circuit breaker applies at three stages of the NEPSE index movement: 4%, 5% and 6%. When triggered, these circuit breakers bring a trading halt to all securities.

Nepal Stock Exchange Trading System

In November 2018, the Nepalese Stock Exchange trading center launched the NEPSE Online Trading System (NOTS), a fully screen-based automated system, allowing investors to place orders online. Investing, clearing and settlement can also be done electronically on NOTS.

The Nepal Stock Exchange Trade Management System (NEPSE TMS) has enabled the online trading of shares by connecting investors to the broker’s system and NEPSE. All Nepalese Stock Exchange brokers will have their own individual TMS URL that corresponds to its unique brokerage number. For example, Nepal Stock House Pvt Ltd is a member of the Nepal Stock Exchange and is broker no. 14.

To invest, a trader must simply sign up with one of the registered Nepalese Stock Exchange brokers with the Nepal Stock Exchange Trade Management System and create an investment account. Once they have done this, they can log in to NOTS.

There are around 60 domestic Nepalese Stock Exchange brokers offering investing on the exchanges’ Online Trading System (NOTS), all of them located within Nepal.

Foreign investors are prohibited from entering the market due to local legislation. A full list of brokers are available on the NEPSE website.

Nepal Stock Exchange Website

According to the Nepal Stock Exchange wiki page, it recently launched a live ‘beta version’ of its website. This is not the website that automatically comes up on a standard Google search, so it can be tricky to find for those not in the know.

The official website for the Nepal Stock Exchange hosts a huge amount of useful knowledge available to traders. In fact, the NEPSE website’s home page shows live data, including today’s live price chart, historical graphs, including live market depth, and the trading floor sheet.

Investors can also access candlestick charts on the Nepal Stock Exchange website, enabling them to determine price movements based on past patterns, including yesterday’s rates. Other information includes Nepalese Stock Exchange holiday dates for 2024 and beyond, new Initial Public Offerings (IPOs), IPO results, Stock Live and right share eligibility.

At the end of 2020, the Nepal Stock Exchange (NEPSE) launched a directory for the use of its real-time and historical data. Before this, data providers had been scraping data from NEPSE’s website. Now, financial institutions, news portals and investors can access market data ethically by paying a fee. NEPSE will provide an API for its users that ask for the data. As all registered Nepalese Stock Exchange brokers offer this platform, retail clients can benefit from all the data and information to make investment decisions.

Also listed on the Nepal Stock Exchange website are vacancy notices for jobs at the exchange. The posting’s application form and syllabus (job description) are available to download too.

Nepalese Stock Exchange Trading Hours

The Nepalese Stock Exchange market opening hours are between 11:00 and 15:00 NPT (UTC+5:45). Investing on the Nepal Stock Exchange takes place on all days of the week except Saturdays and any holidays declared by the NEPSE in advance. Look out for opening hours including upcoming market closures via your Nepalese Stock Exchange brokers’ website and platform.

On Fridays, only odd lot investments are permitted between 11:00 and 15:00. Odd lotters are investors that buy shares or other securities in small or unusual quantities. Normally, stocks are traded in blocks of 100 shares, known as a round lot. However, 100 shares may be beyond the means of an individual trader and so the investor can buy an odd lot instead.

In March 2020, SEBON wrote a letter to NEPSE to ask that it extend its business hours by an hour (to 10:30-15:30 NPT) owing to the share market’s bullish trend at the time. However, it is not believed to have taken effect yet.

Due to the introduction of NOTS, investing on the Nepalese Stock Exchange could continue online. This contributed to a market shift that has meant Nepalese Stock Exchange trading is increasingly virtual.

How To Start Day Trading On The Nepalese Stock Exchange

To start trading at brokers with access to the Nepalese Stock Exchange, investors will need an approved bank account, which requires a citizenship certificate.

NEPSE does not allow foreign investors to own or trade any publicly traded stocks on listed companies. However, the 2016 Foreign Investment Act enables non-resident Nepalese citizens to invest in Nepalese stocks through the secondary market by purchasing shares of companies listed on the NEPSE.

Get A Demat Account

To invest in the Nepalese stock markets, either primary or secondary, a demat (dematerialized) account is compulsory. A demat account allows investors to hold shares in an electronic form. Similar to a bank account, the stocks that you buy and sell are debited and credited to your demat account.

The company managing your demat account is known as a depository participants (DP) holder, licensed by the Central Depository System and Clearing Ltd (CDSD). The DP holder will provide you with your beneficial owner ID number and will charge between Rs100 to 150 annually for demat account management.

For International Investors

While non-citizens of Nepal are prohibited from directly investing on the Nepalese Stock Exchange, there are still ways to speculate upon the performance of the Nepalese economy. Some international Nepalese Stock Exchange brokers will offer ETFs or CFDs on indices that track the performance of the NEPSE or specific portions of the Nepal economy. Additionally, trading forex pairs involving the Nepalese Rupee (NPR) provides a less direct opportunity.

NEPSE Tips

News

The latest news can impact stock price movements, so traders need to keep up to date as it can give them a competitive edge. The Nepal Stock Exchange Investors Forum is a private Facebook group that enables traders of the NEPSE to share their experiences, knowledge and information with each other. It currently has around 57,000 members and is a useful resource for investors.

NEPSE Alpha is a leading stock market portal in Nepal that provides free live technical chart analysis of the Nepalese Stock Exchange instruments. The portal provides up-to-date news and information about NEPSE-listed companies. Similarly, Merolagani.com is an online financial news portal that provides live stock quotes, news announcements, quarterly and annual reports, as well as portfolio management and analysis tools.

Mobile Access

The Nepalese Stock Exchange (NEPSE) app is available to download on iPhone only. The Nepal Share Market and IPO Result app are available on Android as well. Both apps bring live stock exchange data, such as price updates, directly to your smartphone and allow users to monitor and manage their NEPSE portfolio.

The apps provide real-time data for more than 200 companies listed on the Nepalese Stock Exchange, including floor sheets, historical price data, market shares and contact information. Users can check the list of brokers approved by the Nepal Stock Exchange and redirect to the Trading System Management (TSM) website for particular NEPSE brokers. The app also allows investors to check on an IPO result and access tools such as the share calculator, which enables users to evaluate the stock price and the total profit or loss of a sale.

Initial Public Offerings

Investing in Initial Public Offerings (IPOs) allows traders to purchase company shares listed on the Nepal Stock Exchange for the first time. On the NEPSE, they’re considered to be a fairly safe stock investment option and a quicker way to earn solid returns.

When IPO shares are initially allotted and listed, they can be bought at the minimum price before the stock is publicly traded in the NEPSE. The range in value of the first purchases on the NEPSE must be within three times the company’s book value. For example, if a company’s book value is NPR 70 per share, it can be traded between NPR 70 and NPR 210 for the first transaction. Shares are allotted within 10 days and listed within a month of issue, making it easier for investors to double or triple their money in a small period.

IPO results are shown on MeroShare, the company website, and the sales manager’s website.

Final Word On Nepalese Stock Exchange Brokers

The Nepal Stock Exchange is the only exchange in the East Asian jurisdiction of Nepal. Investing in primary securities is only available to Nepalese citizens. However, non-resident citizens can still participate in the market by purchasing secondary securities through Nepalese Stock Exchange brokers.

Use our list of the best brokers with access to Nepalese Stock Exchange brokers to get started.

FAQs

How Many Stock Exchanges Are There In Nepal?

Launched in 1994, the Nepalese Stock Exchange (NEPSE) is the sole stock exchange of Nepal. Its main index is the NEPSE Index.

How Do I Start Investing On The Nepalese Stock Exchange?

Firstly, traders must open a bank account and get a mandatory demat account. Once you have done this, you can choose one of the top Nepalese Stock Exchange brokers from a list of more than 50. However, only citizens of Nepal are permitted to purchase primary securities from the exchange, meaning foreign investors are limited by float volume.

Can I Trade On The Nepal Stock Exchange On My Phone?

Yes, the NEPSE had an app for iPhone and Android devices that gives users live stock exchange data directly to their smartphones. You can monitor and manage your NEPSE portfolio on the move. Alternatively, look out for Nepalese Stock Exchange brokers that offer mobile app compatibility.

What Trading System Does The NEPSE Use?

The Nepalese Stock Exchange operates on the NEPSE Online Trading System (NOTS), a fully screen-based automated system launched in 2018. The Nepal Stock Exchange Trade Management System (NEPSE TMS) has enabled the online trading of shares by connecting investors to a broker’s system and to the NEPSE itself. Registered Nepalese Stock Exchange brokers have their own individual TMS URL that corresponds to their unique brokerage number.

When Is The Nepal Stock Exchange Open?

The NEPSE’s opening hours in Nepal Time are between 11:00 and 15:00 NPT. Trading equities on NEPSE takes place Monday to Friday. However, on Fridays, only odd lot trading is done where investors buy shares or other securities in unusual quantities i.e. not in neat blocks of 100. The best Nepalese Stock Exchange brokers will offer updated market opening calendars including details on upcoming holidays.