Best Trading Platforms Armenia

In this guide, we go over the best trading platforms in Armenia. We analyzed and researched hundreds of brokers, based on a variety of different factors. We compared every aspect of their services, focusing on security, fees & commissions, trading platform, regulation, offering of investments, trading tools, deposits & withdrawals, and more. Brokers had to meet a threshold to be considered in the following list.

Top 5 Trading Platforms for Traders in Armenia

  1. Interactive Brokers is the Best Trading Platform in Armenia. Established in 1978. Regulated by Top-tier Authorities. Wide Range of Investments
  2. Avatrade comes in second. Low Fees and Commissions. Great for Forex and CFD Trading. 
  3. XTB third place. Best for CFD Trading in Armenia.
  4. is in Fourth Place. Commission Free Real Stocks. Low Forex CFD Fees.
  5. Oanda Finishes the list. Great U.S. Based Trading Platform for Armenian Forex Traders. Great Research and Education.
Online Trading Platforms Armenia

Best Online Trading Platforms and Brokers in Armenia

Trading PlatformOur ScoreInformationMinimum Deposit
#1Interactive Brokers4.9Best Platform For Investors. Strong Reputation and Regulation.$0
#2AvaTrade4.9Best For Forex Trading in Armenia.$100
#3XTB4.7Great for CFD Trading in Armenia.$0
#4Capital.com4.7Good for Stock Trading. Low Forex CFD Fees.$20
#5OANDA4.7Great For Armenian Forex Traders.$0

How to pick an online trading platform?

When picking a Armenian trading platform you should consider the following factors:

  • Overall great service
  • Regulation
  • Safety
  • Fees & Commissions
  • Range of Products
  • Account Opening Process
  • Deposits & Withdrawals

Read below, where we breakdown the Best Stock Trading Platforms in Armenia, starting with our best-rated Interactive Brokers.

1. Interactive Brokers – Best Broker in Armenia Overall

Interactive Brokers is one of the best trading platforms available for Armenian Traders. IBKR was established in 1978 and is regulated across the world by top-tier authorities. Interactive Brokers offers Stocks, ETFs, Options, Futures, FOPs, Forex, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.

They just released IBKR Global Trader, which is their brand new intuitive and easy to use trading platform.

2. AvaTrade – Best Forex Broker in Armenia

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

AvaTrade comes in second as the best broker for Armenian Forex traders. Their trading platform and mobile app are one of the best, and intuitive with lots of features. Choose AvaTrade if you are looking for a reliable low-fee CFD broker offering Forex, Crypto, Stocks, Commodities, Indices, and more.

3. XTB – Trade With Cash Back Rebates

XTB is an established trading platform offering access to over 2100 global markets. Their platform and mobile app are easy-to-use and their education is top-notch. They have over 450,000 customers worldwide, and offer fast and qualified customer support.

4. – Best CFD Platform in Armenia offers 0% commissions, tight spreads, and fast order execution. They have a plethora of educational resources, including an educational app, online courses and trading guides. has a great trading platform with an arguably even better mobile app. While testing, we found their intuitive platform easy to use, with advanced indicators, analytics and charts.

5. OANDA – Great Forex Broker In Armenia

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Disclaimer: CFDs are complex instruments that come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. Make sure you understand how CFDs work and if you can afford to take the high risk of losing your money.

OANDA finishes the list. OANDA is a U.S. Based Forex Broker, founded in 1996. It is well regulated in top-tier regulations. Their trading platform is easy-to-use and has great research tools. On the downside, their customer support is not 24/7 and they only offer a limited selection of Forex and CFDs.

Online Trading in Armenia

The Armenia Securities Exchange (AMX) is currently Armenia's only stock exchange. It is situated in Yerevan, Armenia's capital. The Central Bank of Armenia is the state regulator for the stock exchange and the Armenian securities market (CBA).

 Stocks, corporate bonds, government bonds, currencies, SWAP, and REPO (repurchase agreements) on corporate securities are among the instruments now traded on AMX.

The Armenian economy was strengthening year by year until the outbreak of the coronavirus in 2020. Since manufacturing and agriculture are the main contributors to the economy, Armenia suffered a halt in its economic progress in recent times. 

Online trading has become another option for Armenian citizens to earn extra income and with its growing popularity with several international banks offering their brokerage services, like HSBC, online trading will soon become a major contributor to the economy of Armenia.

When it comes to online trading, Armenians have the option to choose from different types of trading options available in the market, such as:

Equity Trading

This is buying and selling of company stocks and shares. Equity trading is the most well-known type in Armenia since it is operated by AMX.

Derivative Trading

Buying and selling of derivatives, which are contracts that derive their value from an underlying asset such as stocks, currencies, indices, etc.

Forex Trading

In Armenia, forex trading is not illegal, and there are numerous foreign online brokers that offer good trading conditions. Traders can trade other securities using these brokers, such as commodities trading, cryptocurrency trading, and others.

Because currency exchange is essential to conduct business in Armenia, Forex trading is permitted. Forex is required for import and export, as well as international investment

Commodity Trading

This is the trading of commodities such as metals, energy, and agricultural commodities. Trading in metal commodities such as gold and silver has seen exponential growth in Armenia since 2002.

Oil and gas are examples of energy commodities.

Crypto Trading

Armenia's cryptocurrency markets are still in their infancy, and their availability is governed by local financial regulations.

 Interest rate movements and political instability do not affect cryptocurrencies as much as they do the currency markets in Armenia, for example, because cryptocurrencies are based on decentralized assets.

Regulation in Armenia

All local brokers looking to capitalize in the Armenian local market need to be registered with the Central Bank of Armenia (CBA). 

Upon registration, these brokers receive a license/registration number that is usually located at the bottom of the broker’s official website for the public to cross verify with CBA’s public directory on CBA’s official website.

Offshore international brokers do not require a license by CBA to accept Armenian clients. Their validity can be verified by cross-referencing their license or registration number with their respective regulatory bodies.  

Final Verdict

We hope you found all the details you needed in our guide. Just to recap, here are the best online brokers in Armenia:

Interactive BrokersAvaTradeXTBCapital.comOANDA
Our Score4.
Fees Score5.
Mobile App Score4.
Trading Platform Score4.
Offering Of Investments Score5.
Regulation Score5.

About the author

Ziga Breznik is the owner and head of research at – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.