The Lebanese economy shrank by 53%+ between 2019 and 2021, but Forex trading demand remained stable as a source of income.
Before the economic crisis, Lebanese banks and the financial system were known for their stability, growth, and capital reserves.
We have reviewed dozens of leading Forex brokers to create our Forex Brokers Lebanon list with the best trading environments catering to Forex strategies that are popular across Lebanon.
Best Forex Brokers in Lebanon at a Glance
- FP Markets, ECN trading with leverage up to 1:500.
- XM, Exception range of assets + negative balance protection.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- FXTM, Best all-around broker with high floating leverage and fast execution.
- BlackBull Markets, Best ECN trading environment, with scalping and hedging.
Best Lebanon Brokers Comparison
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Regulators | ASIC, CMA, CySEC, FSCA | ASIC, CySEC, DFSA, FSC Belize | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | CMA, FCA, FSC Mauritius, FSCA | FMA, FSA |
Year Established | 2005 | 2009 | 2006 | 2011 | 2014 |
Execution Type(s) | ECN/STP | Market Maker | Market Maker | ECN/STP, Market Maker | ECN/STP, No Dealing Desk |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 1.2 pips | 0.1 pips | 0.9 pips | 0.1 pips | 1.3 pips |
Average Trading Cost GBP/USD | 1.4 pips | 0.2 pips | 1.5 pips | 0.2 pips | 2.0 pips |
Average Trading Cost Gold | $0.16 | $0.19 | $0.29 | $0.18 | $0.90 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, Proprietary platform | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, cTrader, Trading View |
Islamic Account | |||||
Negative Balance Protection | N/A | N/A | |||
| Visit Website | Visit Website | Visit Website | Visit Website | Visit Website |
FP Markets
In Summary ECN trading with leverage up to 1:500fpmarkets 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.
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
XM
In Summary Exception range of assets + negative balance protectionI rank XM among the best Forex brokers for beginners as it provides exceptional education, with the live education room available Monday through Friday between 06:00 and 15:00 GMT at its core. Beginners also receive actionable trading recommendations, and the $5 minimum deposit ensures accessibility to all traders, boosted by deposit bonuses.
XM rewards active traders with a four-tier loyalty program and supports algorithmic traders with VPS hosting. The well-balanced asset selection exceeds 1,000 assets, and the proprietary copy trading service pays signal providers up to 50% profit share. Swap-free trading and low trading fees ensure a competitive edge.
Pros & Cons
- Outstanding trading tools and loyalty program
- Low minimum deposit, high leverage*, and competitive trading cost
- Excellent research and education
- Trustworthy and transparent with generous bonuses and incentives
- Inactivity fee
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsBeginners will benefit from the spun-out Ava Academy, featuring industry-leading education, making AvaTrade the broker from our Forex Brokers Lebanon ranking with the best educational resources. Other beginner tools include the MT4 Guardian Angel plugin and the fee-based Ava Protect insurance policy protecting against trading losses. Passive income seekers can sign up for the high-paying affiliate program with 145,000 registered partners and $300,000,000+ commission payouts.
AvaTrade offers its user-friendly, proprietary WebTrader and mobile app AvaTradeGO, which includes Trading Central, the MT4/MT5 algorithmic trading platforms, and the specialized alternatives Ava Option and Ava Social. Copy traders can also explore DupliTrade.
Pros & Cons
- High quality educational offering via AvaAcademy
- 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
FXTM
In Summary Best all-around broker with high floating leverage and fast executionWe 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.
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
- Limited choice of commodities
BlackBull Markets
In Summary Best ECN trading environment, with scalping and hedgingBlackBull 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.
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
Forex Trading Regulations in Lebanon
The Banque du Liban (BDL), the Lebanese central bank, regulates the financial market but does not actively police online Forex trading. Therefore, all retail online trading occurs via well-regulated offshore Forex brokers like the one from our Forex Brokers Lebanon ranking. The BDL does not require offshore brokers to obtain a license, and there are no restrictions on Lebanese from opening Forex trading accounts.
How Much is Forex Leverage in Lebanon?
Within our Forex Brokers Lebanon analysis, the highest leverage was 1:3000, and most Forex brokers offered the industry-standard 1:500. Automatic stop-outs and negative balance protection exist and ensure traders cannot lose more than they deposit. Forex traders should always use proper risk management when trading leveraged accounts and understand the relationship between leverage and risk management.
Despite offering maximum leverage of up to 1:3000, actual leverage in portfolios is notably lower, a concept most traders and regulators need to differentiate.
How to Start Forex Trading in Lebanon?
Beginners can shorten their learning curve by considering our tips below before opening an account with the brokers from our Forex Brokers Lebanon list.
Here are tips on how to start Forex trading in Lebanon:
- Invest sufficient time educating yourself, which will form the foundation of your success as a Forex trader.
- Respect Forex trading as a highly skilled profession and approach it as such.
- Master trading psychology. It separates unprofitable traders from profitable ones.
- Understand the relationship between leverage and risk management. It is paramount to profitable Forex trading.
- Consider how leverage magnifies trading profits and losses.
- Keep in mind that risk management is as important as your trading strategy.
- Build a suitable trading strategy that will reflect your personality.
- Look out for low trading costs, as they form the core of a competitive trading environment.
- Learn how to place and manage take profit and stop loss levels properly.
What is the Best Trading Platform in Lebanon
Since 80%+ of daily Forex trading volume is algorithmic, MT4 is the best trading platform in Lebanon. It also supports API trading and copy trading, which ranks among popular strategies in Lebanon, while traders can upgrade MT4 via 25,000+ custom indicators, templates, and EAs. All brokers from our Forex Brokers Lebanon review offer MT4. MT5 and cTrader rank second and third best, but they lack the versatility of the MT4 infrastructure.
Forex Trading Taxation in Lebanon
We found no verifiable information about Forex taxation during our Forex Brokers Lebanon review. A capital gains tax of 15% and 17% exists, but it is unclear if it applies to online Forex income.
Additionally, a progressive income tax between 2% and 25% exists, and social security contributions may apply if Forex income is the primary source of income. Therefore, Lebanese Forex traders should consult a legal professional to seek tax advice in Lebanon to ensure compliance with local rules and regulations.
Pros & Cons of Forex Trading in Lebanon
Traders should evaluate the pros and cons of Forex trading in Lebanon before funding an account with the brokers from our Forex Brokers in Lebanon ranking.
The pros of Forex trading in Lebanon are:
- Lower capital requirements versus other assets
- Passive income opportunities
- PAMM/MAM accounts
- Copy and social trading.
- Algorithmic and mobile trading
- 24/5 decentralized trading
The cons of Forex trading in Lebanon are:
- Lebanon has experienced great economic stability in recent years, which can translate to considerable volatility and unpredictability in forex trading.
- Lebanon's Capital Markets Authority (CMA) has implemented a tough regulatory framework for forex trading, with minimum account sizes and margins that limit leverage possibilities and impact accessibility for smaller investors.
Bottom Line
The brokers on our Forex Brokers in Lebanon list offer Lebanese Forex traders the most competitive and accessible trading environment that gives access to popular Forex trading strategies in Lebanon. These provide low trading fees, a choice of assets, trading tools, and convenient withdrawal methods.
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