Best Forex Brokers in Jordan

No matter where a trader is from, choosing a reputable broker could be the difference between a good and a terrible trading experience. The best brokers always put customers first by providing a safe trading environment, low fees, and fast order execution. For traders in Jordan, it is best to pick a well-regulated broker that provides tailor-made services to them. However, with so many options available, it can be hard to select a reliable one to trade with. Today, we will examine some of the best forex brokers in Jordan to see which ones stand out. Not only that, we will also shed light on the essential factors to consider when selecting a broker to maximise your trading potential.

Is It Legal To Trade Forex In Jordan?

Yes, forex trading in Jordan is legal and overseen by the Jordan Securities Commission (JSC). The JSC oversees Jordan's financial markets and helps ensure a fair trading environment for both brokers and traders. Notably, the JSC does not permit companies to offer services within Jordan without a license. As such, we will only feature brokers that are regulated by the JSC in Jordan. Below are the factors we will consider while picking brokers for this list.

Our Criteria For Selecting The Best Forex Brokers In Jordan 

There are 4 key features we look at when trying to identify the best forex brokers.

• Regulations and licenses- We always consider the regulations of a broker before we include them among the best brokers. As mentioned, we will only feature brokers with regulations by the JSC. However, we will also consider the other regulatory licenses that the brokers hold. 
• Trading Platform - Brokers with the best trading platform usually have some of the fastest order execution in the market. This is a huge advantage in the fast-paced financial markets.
• Spreads and Fees - Affordable fees are an essential feature because no trader wants to pay large amounts of fees when trading.
• Variety and availability of assets—Brokers that offer a variety of trading instruments allow traders to diversify their trading platform, reducing their risk.

And with that out of the way, let’s see some of the best forex brokers in Jordan.

Exness

Exness is a renowned broker in the forex market with over 16 years of experience in forex brokerage. Its longevity and regulations from reputable organisations make Exness one of the best brokers in Jordan. Notably, Exness is regulated by the JSC with the registration number 51905. On top of that, it has regulations from other organisations in the market including the CySEC in Cyprus, the FCA in the UK, the FSCA in South Africa, and the CMA in Kenya.

With Exness, Jordan traders can choose between several trading accounts. The accounts include the Standard, Standard Cent, Pro, Zero, and Raw Spreads. The Standard account offers spreads beginning at 0.2 pips on major currency pairs without any commission fees. On the other hand, the Standard Cent account comes with spreads starting from 0.3 pips on major pairs, again with no commission. Further, the Raw Spread account has a spread that starts at 0.0 pips and includes a commission of up to $3.5 per side per lot. The Zero account delivers zero spreads (0.0 pips) on the top 30 instruments, with a commission starting at $0.2 per side per lot. Lastly, the Pro account features ultra-low spreads beginning at 0.1 pips with no commission.

Favourably, Exness provides Islamic (swap-free) accounts for residents of countries where Islam is the predominant religion. Additionally, Arabic is one of the supported languages on this broker's site, alongside English and several others. The minimum deposit to start trading with this broker is a low $10.

Further, Exness has a variety of trading instruments for its Jordan traders to choose from. On this broker site, investors can trade instruments from the Forex, commodities, stocks, indices, and crypto markets. Traders can invest via CFDs in a wide range of trading instruments on world-class trading platforms. The Trading platforms include MetaTrader 4, MetaTrader 5, Exness Terminal, and Exness Trader App. 

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

Windsor Brokers

Windsor Brokers was established in 1988, making it one of the longest-serving brokers in the market. With this, it’s no surprise that the broker is highly rated around the world. Windsor Brokers is regulated by several organisations including the JSC in Jordan. The other regulations include the CySEC in Cyprus, the FSA in Seychelles, and the CMA in Kenya. Such regulations give Windsor Brokers a good reputation.

Positively, traders can enjoy instruments from various markets, including forex, indices, shares, commodities, cryptocurrencies, and metals. A variety of trading instruments helps traders to diversify their trading portfolios as they see fit. Additionally, the broker offers world-class trading platforms that include MetaTrader 4 and Windsor MetaTrader 4.

Further, the broker offers two trading accounts fitting different trader profiles. The Prime account allows traders to invest with spreads from as low as 1.0 pips for major currencies with no commission charged. On the other hand, the Zero account features spreads as low as 0.0 pips for majors with a commission of $8 per round turn. However, the Prime account has an Islamic/Swap-free option for traders. In contrast, there is no swap-free option for the Zero account.

The minimum deposit to open a Prime account on Windsor Brokers is $50. The Arabic language is supported alongside a plethora of other languages.

Equiti

Equiti is one of the highly-rated brokers in Jordan's forex market. Clients on Equiti are spoilt for choice when it comes to trading instruments. Clients can invest in a wide range of products including CFDs on forex, indices, commodities, shares, ETFs, and crypto. The broker also offers advanced trading platforms for its traders to choose from. The lineup of the trading platforms includes MetaTrader 4 and MetaTrader 5. The platforms have user-friendly interfaces, advanced charting tools, and custom analytics.

Further, Equiti offers two main account types: the Standard and the Premier accounts. The Standard account has an average spread of 1.4 pips for major currency pairs with no commission. In contrast, the Premier account has spreads that start from as low as 0.0 pips for major currency pairs with a small commission of $3.5 per lot per side. The broker also has copy-trading, allowing traders to connect with successful traders and copy their strategies.

There is no minimum deposit for the standard account while the premier account requires a minimum deposit of $100. Swap-free accounts are available for traders in Jordan where swaps on majors, minors, and precious metals are eliminated. However, swap charges will apply on exotic currency pairs and rolling CFDs, while future CFDs charge a fixed $10 commission per lot. Arabic is supported alongside several other languages.

In terms of regulations, Equiti is regulated in Jordan by the JSC. The broker is also regulated by the FSA in Seychelles and the SCA in the UAE. Knowing that regulators play a huge role in protecting traders from defrauders, we insist that traders should only invest with brokers that are regulated by reputable organisations.

Hantec Markets

Hantec Markets is another choice broker for traders in Jordan. The broker is regulated by several organisations, including the JSC in Jordan. Other regulations that regulate this broker include the FCA in the UK, the ASIC in Australia, and the FSC in Mauritius. The minimum deposit accepted by this broker is a favourably low $100.

Notably, Hantec Markets has a wide range of trading instruments including CFDs on forex, bullion, stocks, indices, commodities, and cryptocurrencies. The wide range of products is an attractive feature and it's no surprise why the broker is highly rated in Jordan. The trading platforms available to traders include MetaTrader 4, MetaTrader 5, Hantec Social App, and Hantec Market Trading App.

For Islamic traders, Hantec Markets has you covered with a swap-free account that does not charge overnight interest on a select few market products. This account features no spread widening and 100% real-time market execution. The broker also offers other accounts, including the standard account and the cent account. The cent account features spread from as low as 1.2 pips while the standard account spreads are from as low as 0.1 pips. The company reveals that some commissions apply when trading CFDs. To view all the charges that apply, traders can check under each CFD when placing a trade.

NCM Financials

NCM Financials is another quality broker regulated by the JSC in Jordan. The broker was established in 2009 and it has grown to have clients from over 65 different countries. Positively, NCM Financials has licenses and regulations from other regulators in the market. The other regulators include the SCA in the UAE, the Kuwait Capital Markets Authority, the Capital Markets Board of Turkey, and the Financial Service Authority of Labuan Malaysia.

In terms of trading instruments, NCM Financial offers access to various global markets including forex, crypto, indices, commodities, energies, metals, bullion, and equities. This diversity of trading instruments allows traders to spread their risk and diversify their trading portfolios. Traders can access the trading instruments on the MT5 trading platform. The spreads involved while trading are competitively low, starting from 0.7 pips for major currency pairs.

Lastly, the broker offers several features that a trader can use to optimize their trade which include economic calender and market watch. The broker supports Arabic alongside English for traders in Jordan.

Final Thoughts

Choosing the best forex broker in Jordan is vital for ensuring a safe and productive trading experience. Luckily, Jordanian traders have a variety of quality brokers to choose from, each offering unique features and benefits. In this review, we have listed some of the best Jordan forex brokers. We have looked at key features such as regulations, fees, trading platforms, and availability of trading instruments. The brokers on this list are regulated by the JSC on top of other reputable organizations in the market.

Nonetheless, this is not an exhaustive list. There are other reputable brokers that did not make it to our list. For the best trading experience, traders should choose the best broker that aligns with their trading needs. Above everything, make sure to examine the regulations that a broker has before investing with them.