Best Trading Platforms Azerbaijan

In this guide, we go over the best trading platforms in Azerbaijan. 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 in Azerbaijan

  1. Interactive Brokers is the Best Trading Platform in Azerbaijan. 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 Comes in Third. Best for CFD Trading in Azerbaijan.
  4. is in Fourth Place. Commission Free Real Stocks. Low Forex CFD Fees.
  5. Saxo Markets finishes the list. Wide variety of investment options.
Online Trading Platforms Azerbaijan

Best Online Trading Platforms and Brokers in Azerbaijan

Trading PlatformOur ScoreInformationMinimum Deposit
#1Interactive Brokers
4.9Best Platform For Investors. Strong Reputation and Regulation.$0
4.9Best For Forex Trading in Azerbaijan.$100
4.7Great for CFD Trading in Azerbaijan.$0
4.7Good for Stock Trading. Low Forex CFD Fees.$20
#5Saxo Markets
4.7Best Broker for High Net-Worth Traders.$2000

How to pick an online trading platform?

When picking a Azerbaijan 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 Azerbaijan, starting with our best-rated Interactive Brokers.

Interactive Brokers – Best Broker in Azerbaijan Overall

Interactive Brokers is one of the best trading platforms available for Azerbaijan 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.

AvaTrade – Best Forex Broker in Azerbaijan

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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 Azerbaijan 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.

XTB – Trade With Cash Back Rebates

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

Saxo Markets – Best for High Net-Worth Investors

Saxo Markets is a great investment brokerage for high net-worth individuals. Saxo Markets is part of a Danish investment bank, established in 1992. They provide their clients with a great trading platform, research, and education. On the downside, their fees are high for some products. Saxo Markets has a $2,000 minimum deposit, which not many can afford.

Online Trading in Azerbaijan

The Baku Stock Market, which opened in 1997, is Azerbaijan's only stock exchange for trading stocks and bonds. This institution is regulated by The Central Bank of the Republic of Azerbaijan. 

The stock exchange is aimed to establish, develop and monitor the market infrastructure which provides trading securities and efficient execution of trading transactions.

For more information visit the official Baku Stock Market website.

When it comes to trading on the forex market, investors find Azerbaijan a safe haven as Azerbaijan's foreign exchange system is quite flexible. There are currently no limitations on converting or moving funds into freely useable currency at a legal, market-clearing rate.

Trading in cryptocurrencies is still a cause of concern for the people of Azerbaijan. There is presently no explicit regulation of virtual or cryptocurrency. Thus, as cryptocurrencies do not have their own legal framework, they may be subject to certain rules and regulations as laid down by the Central Bank of Azerbaijan.

There are laws governing foreign currencies, though it seems unlikely that crypto currency falls in the parameter of these laws, one should seek legal counsel before trading in virtual currency in Azerbaijan.

The rich natural resources of Azerbaijan have attracted Belarus. The Belarusian Universal Commodity Exchange (BUCE) is currently working with the Azerbaijani government to attract more local business towards commodity exchange trading. 

The BUCE is aiming to make the accreditation process for non-resident enterprises in Azerbaijan as simple as possible. BUCE believes that opening up to foreign bidders will result in an increase in commodity exchange between Azerbaijan and the rest of the world.

How To Verify Licenses in Azerbaijan

The ministry of economy, as the state authority, is in charge of issuing, renewing, and cancelling all licenses through ASAN service centers. These licenses may be granted to both Azerbaijan foreign citizens and legal entities. 

Licenses obtained by brokers can be verified by searching the license number on the government e-service center 

For international brokers not registered in Azerbaijan, we recommend thorough research and verification that the chosen broker is registered and regulated by one of the many international regulatory bodies like FCA, ASIC, FINRA, BaFin, MSA and CySEC.

Final Verdict

We hope you found all the details you needed in our guide. We took into account every possible detail of all renowned brokers, such as fees, payment methods, regulatory bodies, commission charges, to provide you with the best broker options. Just to recap, here are the best online brokers in Azerbaijan:

Interactive BrokersAvaTradeXTBCapital.comSaxo Markets
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.