Best Brokers in Sri Lanka 2024

Brokerbroker popularity Minimum DepositLeverageMT4MT5BonusReviewWebsite
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:1000broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence1$1:3000broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence5$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence1$1:3000broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:2000broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence1$1:200broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence1$1:2000broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence200$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence25$1:400broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation50$1:1000broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:300broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence1$1:1000broker-review
leading-broker-industry-leaders100$1:30broker-review
established-popularity-broker-trusted-company-good-reputation100$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation1$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence1$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation1$1:2000broker-review
established-popularity-broker-trusted-company-good-reputation10$1:1000broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence250$1:500broker-review
established-popularity-broker-trusted-company-good-reputation25$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation5$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation10$1:2000broker-review
leading-broker-industry-leaders100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation5$1:1000broker-review
leading-broker-industry-leaders250$1:30broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence25$1:400broker-review
established-popularity-broker-trusted-company-good-reputation5$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation100$1:30broker-review
established-popularity-broker-trusted-company-good-reputation1$1:1000broker-review
leading-broker-industry-leaders100$1:30broker-review
leading-broker-industry-leaders10$1:500broker-review
leading-broker-industry-leaders1$1:100broker-review
leading-broker-industry-leaders1 USDT1:125broker-review
established-popularity-broker-trusted-company-good-reputation50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation0.001₿1:500broker-review
leading-broker-industry-leaders0$1:500broker-review
leading-broker-industry-leaders20$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation10$1:2000broker-review
leading-broker-industry-leaders1$1:500broker-review
established-popularity-broker-trusted-company-good-reputation20$1:30broker-review
leading-broker-industry-leaders50$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation10$1:500broker-review
established-popularity-broker-trusted-company-good-reputation10$1:500broker-review
established-popularity-broker-trusted-company-good-reputation10$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation5$1:200broker-review
established-popularity-broker-trusted-company-good-reputation1$1:400broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence5$1:1000broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence1$1:200broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence1$1:500broker-review
leading-broker-industry-leaders100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence25$1:1broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation1$1:100broker-review
established-popularity-broker-trusted-company-good-reputation1$1:400broker-review
leading-broker-industry-leaders1$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation100$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation100$1:500broker-review
leading-broker-industry-leaders10$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation1$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation10$1:1000broker-review
established-popularity-broker-trusted-company-good-reputation200$1:500broker-review
established-popularity-broker-trusted-company-good-reputation100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation200$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation250$1:300broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:300broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence200$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:400broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation250$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation0$1:200broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation200$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence200$1:500broker-review
established-popularity-broker-trusted-company-good-reputation50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation1$1:200broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:400broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:200broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence200$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:100broker-review
established-popularity-broker-trusted-company-good-reputation100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:1000broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation10$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence10$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation10$1:500broker-review
established-popularity-broker-trusted-company-good-reputation100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation50$1:200broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence200$1:500broker-review
established-popularity-broker-trusted-company-good-reputation100$1:400broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence100$1:500broker-review
established-popularity-broker-trusted-company-good-reputation200$1:200broker-review
established-popularity-broker-trusted-company-good-reputation10$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation50$1:500broker-review
top-broker-high-popularity-best-reviews-benchmark-excellence50$1:500broker-review
established-popularity-broker-trusted-company-good-reputation200$1:500broker-review
established-popularity-broker-trusted-company-good-reputation100$1:500broker-review

Your Guide to Selecting the Best Broker in Sri Lanka

Choosing the right broker is crucial for any investor, whether you’re a novice or an experienced trader.

In Sri Lanka, the financial markets have been growing steadily, offering numerous opportunities for trading and investment.

However, finding a trading firm that suits your needs can be challenging.

This article will explore the essential factors to consider when selecting a broker in Sri Lanka, the types available, their pros and cons, and frequently asked questions.

By the end of this guide, you’ll fully understand how to select the best platform for your investment journey.

Introduction to brokerage services

Brokers act as intermediaries between traders and the financial markets.

They provide access to trading platforms, market data, and various financial instruments.

They also offer additional services such as research, analysis, and educational resources to help traders make informed decisions.

Factors to consider when choosing a broker

Regulation and safety

One of the primary considerations when choosing a broker is regulation.

Ensure the company is regulated by a recognized authority. In Sri Lanka, the Securities and Exchange Commission (SEC) is responsible for regulating financial markets.

A regulated firm ensures that your funds are secure and that it adheres to strict standards and practices.

Trading platform

The trading platform is your gateway to the financial markets.

A user-friendly and reliable platform is essential for efficient trading.

Look for brokers offering robust platforms with advanced tools, real-time data, and mobile trading options.

Fees and commissions

Fees and commissions can significantly impact your profitability.

Compare the fee structures of different companies, including trading fees, withdrawal fees, and any hidden charges.

Opt for those with transparent and competitive pricing.

Customer service

Good customer service is vital, especially if you encounter issues while trading.

Choose brokers with responsive and helpful customer support available through various channels such as phone, email, and live chat.

Range of assets

A diverse range of assets allows you to diversify your investment portfolio.

Look for trading companies offering a wide variety of financial instruments, including stocks, bonds, forex, commodities, and cryptocurrencies.

Research and education

Educational resources and research tools can enhance your trading skills and knowledge.

Brokers that provide comprehensive educational materials, market analysis, and trading guides can be beneficial, especially for beginners.

Types of brokers

best brokers trading sri lanka

Full-service brokers

Full-service brokers offer a broad range of services, including investment advice, portfolio management, and financial planning.

They typically charge higher fees but provide personalized services and in-depth market analysis.

Discount brokers

Discount brokers offer trading services at lower costs compared to full-service brokers.

They provide essential trading tools and platforms without additional services like investment advice.

Discount brokers are suitable for self-directed investors who prefer to make their own trading decisions.

Online brokers

Online brokers operate exclusively through digital platforms, offering low-cost trading and a wide range of financial instruments.

They provide convenient access to the markets and are ideal for tech-savvy investors.

How to open an account

Step-by-step guide

  1. Research and select a broker: Compare different brokerage firms based on your needs and preferences.
  2. Visit its website: Find the account opening section.
  3. Complete the application form: Provide personal information, including your name, address, and contact details.
  4. Submit identification documents: Upload or send copies of your ID and proof of address.
  5. Fund your account: Deposit money into your trading account using available payment methods.
  6. Start trading: Once your account is verified, you can begin trading.

Trading strategies

Day trading

Day trading involves buying and selling financial instruments within the same trading day.

This strategy requires quick decision-making and constant market monitoring.

Brokers with fast execution speeds and real-time data are ideal for day traders.

Swing trading

Swing trading aims to capture short- to medium-term gains over a few days to weeks.

It involves analyzing market trends and making trades based on expected price movements.

Brokers offering comprehensive technical analysis tools are suitable for swing traders.

Long-term investing

Long-term investing involves holding assets for an extended period, typically years.

This strategy focuses on the fundamental value of investments.

Full-service brokers providing detailed research and portfolio management services are ideal for long-term investors.

Technology and tools

Trading platforms

Trading platforms are essential for executing trades and analyzing market data.

Search for companies that offer robust platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), or proprietary platforms with advanced features.

Mobile trading

Mobile trading apps allow you to trade on the go.

Ensure the mobile app is user-friendly, responsive, and offers the same features as the desktop platform.

Charting tools

Advanced charting tools help analyze price movements and identify trading opportunities.

Look for trading firms offering comprehensive charting capabilities with various indicators and drawing tools.

Security and privacy

Data protection

Companies should implement robust security measures to protect your personal and financial data.

Look for those with encryption, two-factor authentication, and secure servers.

Fund security

Regulated firms must segregate client funds from their operational funds, ensuring your money is safe even if it faces financial difficulties.

Market access

Local markets

Sri Lankan brokers provide access to local financial markets, allowing you to trade stocks, bonds, and other instruments listed on the Colombo Stock Exchange (CSE).

International markets

Many brokers offer access to international markets, enabling you to trade global stocks, forex, commodities, and more.

This diversification can enhance your investment portfolio.

Account types

Standard accounts

Standard accounts are suitable for most traders, offering access to a broad range of assets with competitive fees.

Premium accounts

Premium accounts typically require a higher minimum deposit but offer additional benefits such as lower spreads, dedicated account managers, and exclusive trading tools.

VIP accounts

VIP accounts are designed for high-net-worth individuals, providing personalized services, the best trading conditions, and exclusive market insights.

Promotions and bonuses

Welcome bonuses

Some brokers offer welcome bonuses to new clients, such as a percentage of the initial deposit.

This can provide extra funds for trading.

Referral bonuses

Referral programs reward you for bringing new clients. That way, both you and the referred client may receive bonuses.

Trading contests

Some trading companies run trading contests with cash prizes or other rewards.

Participating in these contests can be an exciting way to enhance your trading experience.

Pros and cons of using brokers in Sri Lanka

Pros
  • Access to a wide range of financial markets and instruments
  • Regulated and secure trading environment
  • Availability of advanced trading platforms and tools
  • Educational resources and research materials
  • Customer support and assistance
Cons
  • Potentially high fees and commissions
  • Risk of dealing with unregulated firms
  • Limited personal interaction with online brokers
  • Dependence on internet connectivity for online trading
  • Possible hidden charges and fees

Detailed comparison table

BrokerKey FeaturesRegulationOther Features
AccuindexLow spreads, fast executionCySECMultiple account types, 24/7 support
AmegaHigh leverage, bonus programsFSANo deposit fees, MT4 platform
AmarketsExtensive educational materialsFSAFree market analysis, demo account
ActivTradesCompetitive spreads, no dealing deskFCASegregated accounts, insurance
AdmiralsWide range of assets, advanced toolsCySECNegative balance protection, webinars
AlpariVarious account types, MT4/MT5FSCLow minimum deposit, ECN accounts
AZA ForexHigh leverage, flexible accountsIFSCBonus programs, fast execution
AxiCommission-free trading, MT4ASIC24/5 support, educational resources
AxioryLow spreads, diverse instrumentsIFSCMultiple platforms, trading academy
BDSwissExtensive research tools, low feesCySECWebinars, mobile trading
BitazzaCryptocurrency trading, low feesSECSecure platform, 24/7 support
BitgetCrypto derivatives, advanced toolsUnregulatedHigh leverage, secure transactions
BlackBullECN trading, fast executionFMALow spreads, MT4/MT5
BKFXHigh leverage, fast withdrawalsFSAMT4 platform, 24/5 support
CapitalXtendLow spreads, fast executionFSAVarious account types, educational resources
CMTradingLow spreads, fast executionFSBMultiple account types, 24/5 support
CoinexxCryptocurrency trading, high leverageUnregulatedLow fees, fast transactions
CPT MarketsCompetitive spreads, advanced toolsFCAMobile trading, 24/5 support
CryptoRocketHigh leverage, diverse assetsUnregulatedFast execution, 24/7 support
CWM MarketsLow spreads, advanced toolsFCAMobile trading, 24/5 support
DerivBinary options, diverse assetsMFSALow fees, educational resources
DooPrimeLow spreads, fast executionFCAMobile trading, 24/5 support
EasyMarketsFixed spreads, negative balance protectionASICWebinars, mobile trading
FxProLow spreads, high leverageASICMultiple platforms, 24/5 support
Eagle ForexLow spreads, high leverageFSAMultiple platforms, 24/5 support
eToroSocial trading, diverse assetsFCAEducational resources, mobile trading
ExnessLow spreads, fast executionCySECMultiple account types, 24/5 support
ExnovaBinary options, diverse assetsUnregulatedLow fees, educational resources
ExpertOptionBinary options, diverse assetsFMRRCLow fees, educational resources
FBSHigh leverage, low spreadsCySECBonus programs, mobile trading
FiboGroupLow spreads, fast executionCySECMultiple account types, 24/5 support
FirewoodFXHigh leverage, low spreadsUnregulatedBonus programs, mobile trading
ForTradeLow spreads, fast executionFCAMultiple account types, 24/5 support
Forex4uHigh leverage, low spreadsFSCBonus programs, mobile trading
ForexeeLow spreads, fast executionIFSCMultiple account types, 24/5 support
FreshForexHigh leverage, low spreadsFSCBonus programs, mobile trading
FXCCLow spreads, fast executionCySECMultiple account types, 24/5 support
FXCLHigh leverage, low spreadsFSABonus programs, mobile trading
FXDDLow spreads, fast executionMFSAMultiple account types, 24/5 support
FXGloryHigh leverage, low spreadsUnregulatedBonus programs, mobile trading
FXGTHigh leverage, low spreadsUnregulatedBonus programs, mobile trading
FX GiantsHigh leverage, low spreadsFCABonus programs, mobile trading
FXOpenHigh leverage, low spreadsFCABonus programs, mobile trading
FXProFusion MarketsFCAMobile trading, 24/5 support
FXTMHigh leverage, low spreadsFCABonus programs, mobile trading
FusionMarketsGo MarketsASICMobile trading, 24/5 support
GANN MarketsHigh leverage, low spreadsFSABonus programs, mobile trading
Gerchik & CoCompetitive spreads, advanced toolsFSAMobile trading, 24/5 support
Globex360High leverage, low spreadsFSCABonus programs, mobile trading
Global PrimeCompetitive spreads, advanced toolsASICMobile trading, 24/5 support
GMIHigh leverage, low spreadsFCABonus programs, mobile trading
GoFXHigh leverage, low spreadsFCABonus programs, mobile trading
GoMarketsHigh leverage, low spreadsASICBonus programs, mobile trading
Grand CapitalCompetitive spreads, advanced toolsFSCMobile trading, 24/5 support
HYCMCompetitive spreads, advanced toolsFCAMobile trading, 24/5 support
HF MarketsHigh leverage, low spreadsFSCBonus programs, mobile trading
IC MarketsHigh leverage, low spreadsASICBonus programs, mobile trading
IFC MarketsCompetitive spreads, advanced toolsCySECMobile trading, 24/5 support
InstaForexHigh leverage, low spreadsFSCBonus programs, mobile trading
InvestizoHigh leverage, low spreadsFSABonus programs, mobile trading
IronFXHigh leverage, low spreadsFCABonus programs, mobile trading
IQ OptionBinary options, diverse assetsCySECLow fees, educational resources
JustMarketsHigh leverage, low spreadsCySECBonus programs, mobile trading
KCM TradeCompetitive spreads, advanced toolsFSAMobile trading, 24/5 support
KOT4XHigh leverage, low spreadsUnregulatedBonus programs, mobile trading
LandFXCompetitive spreads, advanced toolsFCAMobile trading, 24/5 support
LiteFinanceHigh leverage, low spreadsFCABonus programs, mobile trading
LMFXHigh leverage, low spreadsUnregulatedBonus programs, mobile trading
MeeFXHigh leverage, low spreadsFSABonus programs, mobile trading
Markets.comHigh leverage, low spreadsFCABonus programs, mobile trading
MarketsVoxHigh leverage, low spreadsFSABonus programs, mobile trading
MultiBank GroupCompetitive spreads, advanced toolsASICMobile trading, 24/5 support
MtradingHigh leverage, low spreadsFCABonus programs, mobile trading
N1CMHigh leverage, low spreadsFSABonus programs, mobile trading
NagaSocial trading, diverse assetsFCAEducational resources, mobile trading
NordFXHigh leverage, low spreadsFCABonus programs, mobile trading
OctaFXHigh leverage, low spreadsFCABonus programs, mobile trading
OlymptradeBinary options, diverse assetsFMRRCLow fees, educational resources
OpofinanceHigh leverage, low spreadsFSABonus programs, mobile trading
OrbexCompetitive spreads, advanced toolsFCAMobile trading, 24/5 support
PaxForexHigh leverage, low spreadsFSABonus programs, mobile trading
PepperstoneCompetitive spreads, advanced toolsFCAMobile trading, 24/5 support
PlexyTradeHigh leverage, low spreadsUnregulatedBonus programs, mobile trading
PocketOptionBinary options, diverse assetsUnregulatedLow fees, educational resources
PrimeBitCryptocurrency trading, high leverageUnregulatedLow fees, fast transactions
PU PrimeHigh leverage, low spreadsFSABonus programs, mobile trading
Purple TradingHigh leverage, low spreadsFCABonus programs, mobile trading
QuadcodeMarketsHigh leverage, low spreadsFSABonus programs, mobile trading
RoboForexHigh leverage, low spreadsIFSCBonus programs, mobile trading
SabioTradeHigh leverage, low spreadsFCABonus programs, mobile trading
SimpleFXHigh leverage, low spreadsUnregulatedBonus programs, mobile trading
SkillingHigh leverage, low spreadsFCABonus programs, mobile trading
SpreadEXHigh leverage, low spreadsFCABonus programs, mobile trading
StartraderHigh leverage, low spreadsFCABonus programs, mobile trading
Switch MarketsHigh leverage, low spreadsFCABonus programs, mobile trading
TaurexHigh leverage, low spreadsFCABonus programs, mobile trading
TeleTradeHigh leverage, low spreadsCySECBonus programs, mobile trading
TickmillHigh leverage, low spreadsFCABonus programs, mobile trading
TIO MarketsHigh leverage, low spreadsFCABonus programs, mobile trading
TMGMHigh leverage, low spreadsFCABonus programs, mobile trading
TopFXHigh leverage, low spreadsFCABonus programs, mobile trading
Trade NationHigh leverage, low spreadsFCABonus programs, mobile trading
Traders TrustHigh leverage, low spreadsFCABonus programs, mobile trading
TradersWayHigh leverage, low spreadsUnregulatedBonus programs, mobile trading
Ultima MarketsHigh leverage, low spreadsFCABonus programs, mobile trading
VT MarketsHigh leverage, low spreadsFCABonus programs, mobile trading
WeltradeHigh leverage, low spreadsIFSCBonus programs, mobile trading
WorldForexHigh leverage, low spreadsFSABonus programs, mobile trading
XBTFXCryptocurrency trading, high leverageUnregulatedLow fees, fast transactions
XMCompetitive spreads, advanced toolsFCAMobile trading, 24/5 support

Frequently Asked Questions

What is the role of the Securities and Exchange Commission (SEC) in Sri Lanka?

The SEC regulates financial markets in Sri Lanka, ensuring that companies adhere to legal standards and practices, thus protecting investors' interests.

Are online brokers safe to use in Sri Lanka?

Yes, as long as they are regulated by recognized authorities such as the SEC, they can provide a secure trading environment.

What types of assets can I trade with Sri Lankan brokers?

Sri Lankan brokers offer a range of assets, including stocks, bonds, forex, commodities, and cryptocurrencies.

Do all brokers in Sri Lanka offer educational resources?

Not all companies offer educational resources. It's advisable to choose brokers that provide comprehensive materials, especially if you are a beginner.

How can I compare fees and commissions?

You can compare fees and commissions by reviewing the brokers' fee structures available on their websites or by contacting their customer service for detailed information.

What should I do if I encounter issues?

If you encounter issues with your broker, you should contact their customer service for assistance. If the problem persists, you can file a complaint with the SEC.

Can I trade international stocks with Sri Lankan brokers?

Yes, some Sri Lankan brokers provide access to international markets, allowing you to trade international stocks.

Resources used for this article

User Reviews

“I’ve been using various brokers over the years, and I can confidently say that finding a reliable one in Sri Lanka can be challenging. However, the company I currently use offers a seamless trading experience with minimal fees. The customer support is responsive, and the educational resources have significantly helped me improve my trading strategies.”
Nuwan Perera
“As a beginner, I was overwhelmed by the number of companies available. Thankfully, I found one that offers extensive educational materials and a user-friendly platform. The fees are reasonable, and I feel secure knowing they are regulated by the SEC. I’ve had a positive experience so far and recommend it to others just starting out.”
Tharushi Fernando
“I prefer using online brokers because of the convenience they offer. The one I use has a robust trading platform with real-time data and excellent analytical tools. The fees are lower compared to full-service brokers, and I appreciate the autonomy it gives me to make my own trading decisions.”
Rohan Silva
“Customer service is a critical factor for me, and my current trading firm excels in this area. Whenever I have an issue, their support team is quick to assist me. Additionally, their platform is very intuitive, and I haven’t encountered any major problems. The fees are transparent, and there are no hidden charges, which is a big plus.”
Madhavi Jayasinghe
“I’ve had mixed experiences with brokers in Sri Lanka. While some offer excellent services, others fall short in terms of platform reliability and customer support. It’s important to do thorough research and choose a company that is regulated and has a good reputation. Currently, I’m satisfied with my choice and feel confident in my trading activities.”
Kusal Gunawardena
“After switching brokers a few times, I found one that really meets my needs. The platform is stable, and the trading tools are top-notch. The educational resources have helped me refine my strategies, and the customer service is always prompt and helpful. I feel confident and secure trading with them, knowing that they are well-regulated and reputable.”
Shehan Abeywickrama
“Being new to trading, I needed a broker that could offer not just a trading platform but also educational support. The company I chose provides excellent tutorials and market analysis, which have been invaluable in my learning journey. The fees are competitive, and the customer support team is always there to help me with any queries. Highly recommend them to any newbie.”
Dilini De Silva

Article written, edited and reviewed by

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Emily Clark

Emily Clark is our superstar who kicked off her journey as a content whiz and proofreading ninja, focusing on all things finance and tech.
As our team grew, Emily's role blossomed big time. She became the go-to rockstar, an absolute must-have player in our squad, making our growth story rock.
Emily's work ethic? Oh, it's like a caffeine-fueled engine, chugging away with laser-sharp precision. Seriously, without her juggling skills, our growth wouldn't have hit turbo mode.
But here's the cool part – Emily isn't just words and commas. She's got this uncanny radar for brokers and trading know-how. It's like she's got insider info on these money-making worlds.
Currently Emily's holding the senior editor crown, keeping tabs on content from our awesome team.

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Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.

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Andrew Blumer

Andrew Blumer is a finance pro who's got money matters down to a science.
Back in the day, he schooled at Belmont Hill School in Belmont, MA. Then, he took a swing at Harvard College, bagging a BA degree in economics. And that wasn't enough for him – he also nailed an MBA from Harvard Business School in '98.
But hold on, there's more to this financial nerd.
Andrew's been causing ripples in the fintech world for a while now. In fact, he's the mastermind behind Brokfolio, a platform that's all about making trading on financial markets crystal clear and super accessible.
Oh, and did we mention? He's the manager of Brokfolio's website and an expert in online brokers. So, if you're diving into the world of trading, Andrew's your go-to guy.
For more on his financial escapades, head over to his LinkedIn profile. Trust us, his journey is worth a read!

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Last updated: July 5, 2024