Best forex brokers in Myanmar (Burma) in 2022

Capital.com
4.7
Visit broker
75.26% of retail CFD accounts lose money
Axi
4.3
Visit broker
74.6% of retail CFD accounts lose money
MultiBank
4.5
Visit broker
74-89% of retail CFD accounts lose money
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To help you find the best forex brokers in Myanmar (Burma) in 2022, we went ahead and did the research for you. First, we selected 100 quality online brokers, then we checked and compared fees, currency pairs, charting tools, platforms - practically everything. And now, without further ado...

Our top 5 picks for the best forex brokers in Myanmar (Burma) in 2022:

  1. Capital.com is our winner, the best forex broker in Myanmar (Burma) in 2022. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
  2. Axi takes second place. Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
  3. MultiBank rounds out the top three. Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
  4. XTB is ranked fourth. Low forex CFD fees, commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
  5. TMGM completes the list at number five. Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
Top forex brokers in 2022 for Burmese citizens
Broker Forex fee score
#1 Capital.com 3.7 stars Visit broker
75.26% of retail CFD accounts lose money
#2 Axi 4.1 stars Visit broker
74.6% of retail CFD accounts lose money
#3 MultiBank 4.8 stars Visit broker
74-89% of retail CFD accounts lose money
#4 XTB 3.9 stars Visit broker
73% of retail CFD accounts lose money
#5 TMGM 4.6 stars Visit broker
74-89% of retail CFD accounts lose money

What makes a good forex broker? First of all, fair forex fees and low withdrawal fees. They should also offer many currency pairs and a great platform with advanced charting. All of these are easy to list, but hard to figure out. To get an accurate view, we test brokers based on almost 500 criteria, using real accounts and real money.

If you are a beginner, be careful with forex trading. Forex products are complex and very risky, thus not suitable for everyone. You can easily lose all your invested money. If you don't have a clue how forex trading works, start with our forex trading 101 articles.

And now, let's see the top forex brokers in 2022 for Burmese citizens one by one, starting with the winner, Capital.com.

Capital.com Logo

#1 Best forex broker
Capital.com

4.7

Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, and Belarus where each is authorized and regulated locally respectively by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the National bank of the Republic of Belarus (NBRB). 

Disclaimer: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.26% 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.

Visit broker
75.26% of retail CFD accounts lose money

#1 Capital.com
Fees

Capital.com has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Capital.com trading fees
Capital.com Axi MultiBank XTB TMGM
EURUSD benchmark fee $8.7 $8.3 $5.0 $8.3 $5.9
GBPUSD benchmark fee $6.6 $3.3 $2.9 $5.8 $4.4
AUDUSD benchmark fee $6.1 $6.0 $4.3 $7.0 $5.6
EURCHF benchmark fee $9.6 $5.6 $4.1 $6.1 $3.6
EURGBP benchmark fee $10.9 $10.8 $7.8 $9.7 $6.6

All spreads, commissions and financing rate for opening a position, holding for a week and closing.

Capital.com non-trading fees
Capital.com Axi MultiBank XTB TMGM
Account fee No No No No No
Inactivity fee No Yes Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
75.26% of retail CFD accounts lose money

#1 Capital.com
Markets and products

Capital.com gives access to 138 currency pairs.
Capital.com currency pairs
Capital.com Axi MultiBank XTB TMGM
Currency pairs (#) 138 76 55 57 57

Visit broker More
75.26% of retail CFD accounts lose money

#1 Capital.com
Desktop trading platform
3.4

Capital.com's desktop trading platform is provided by MetaTrader. It's highly customizable and supports price alerts, but it lacks a two-step login and the design is outdated. MetaTrader platform is not available in the UK.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts
Best forex brokers - Capital.com trading platform

Capital.com has great charting tools and you can use 85 technical indicators.

Best forex brokers - Capital.com charting

Visit broker More
75.26% of retail CFD accounts lose money

Axi Logo

#2 Best forex broker
Axi

4.3

Axi (previously known as AxiTrader) is an Australian forex broker founded in 2007. The new "Axi" brand was launched in 2020.

Axi is regulated by multiple financial authorities worldwide, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Dubai Financial Services Authority (DFSA). Being regulated by several top-tier authorities is a good sign for Axi's safety.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.6% 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.

Visit broker
74.6% of retail CFD accounts lose money

#2 Axi
Fees

Axi has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Axi trading fees
Capital.com Axi MultiBank XTB TMGM
EURUSD benchmark fee $8.7 $8.3 $5.0 $8.3 $5.9
GBPUSD benchmark fee $6.6 $3.3 $2.9 $5.8 $4.4
AUDUSD benchmark fee $6.1 $6.0 $4.3 $7.0 $5.6
EURCHF benchmark fee $9.6 $5.6 $4.1 $6.1 $3.6
EURGBP benchmark fee $10.9 $10.8 $7.8 $9.7 $6.6

All spreads, commissions and financing rate for opening a position, holding for a week and closing.

Axi non-trading fees
Capital.com Axi MultiBank XTB TMGM
Account fee No No No No No
Inactivity fee No Yes Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
74.6% of retail CFD accounts lose money

#2 Axi
Markets and products

Axi gives access to 76 currency pairs.
Axi currency pairs
Capital.com Axi MultiBank XTB TMGM
Currency pairs (#) 138 76 55 57 57

Visit broker More
74.6% of retail CFD accounts lose money

#2 Axi
Desktop trading platform
3.4

In design and functionality, Axi's MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts on it.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts Search function could be better
Best forex brokers - Axi trading platform

Axi has average charting tools and you can use 31 technical indicators.

Best forex brokers - Axi charting

Visit broker More
74.6% of retail CFD accounts lose money

MultiBank Logo

#3 Best forex broker
MultiBank

4.5

MultiBank is a global CFD and FX broker. MultiBank Group is a global financial group whose member companies are active in areas from asset management to brokerage. MultiBank's brokerage service is operating under several legal entities, regulated by the Australian Securities and Investments Commission (ASIC) and other financial authorities. In this review, we will use MultiBank as a name for the brokerage service.

MultiBank is considered safe because it is regulated by the top-tier ASIC and has a reasonably long history, dating back to 2005.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit broker
74-89% of retail CFD accounts lose money

#3 MultiBank
Fees

MultiBank has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

MultiBank trading fees
Capital.com Axi MultiBank XTB TMGM
EURUSD benchmark fee $8.7 $8.3 $5.0 $8.3 $5.9
GBPUSD benchmark fee $6.6 $3.3 $2.9 $5.8 $4.4
AUDUSD benchmark fee $6.1 $6.0 $4.3 $7.0 $5.6
EURCHF benchmark fee $9.6 $5.6 $4.1 $6.1 $3.6
EURGBP benchmark fee $10.9 $10.8 $7.8 $9.7 $6.6

All spreads, commissions and financing rate for opening a position, holding for a week and closing.

MultiBank non-trading fees
Capital.com Axi MultiBank XTB TMGM
Account fee No No No No No
Inactivity fee No Yes Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
74-89% of retail CFD accounts lose money

#3 MultiBank
Markets and products

MultiBank gives access to 55 currency pairs.
MultiBank currency pairs
Capital.com Axi MultiBank XTB TMGM
Currency pairs (#) 138 76 55 57 57

Visit broker More
74-89% of retail CFD accounts lose money

#3 MultiBank
Desktop trading platform
3.4

In design and functionality, MultiBank's MetaTrader 4/5 desktop platforms are almost the same as their web versions; a plus is that you can set price alerts on the desktop platform.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts
Best forex brokers - MultiBank trading platform

MultiBank has average charting tools and you can use 31 technical indicators.

Best forex brokers - MultiBank charting

Visit broker More
74-89% of retail CFD accounts lose money

XTB Logo

#4 Best forex broker
XTB

4.8

XTB is a global CFD broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to regularly disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange and publishes its financial statements transparently.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.

Visit broker
73% of retail CFD accounts lose money

#4 XTB
Fees

XTB has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

XTB trading fees
Capital.com Axi MultiBank XTB TMGM
EURUSD benchmark fee $8.7 $8.3 $5.0 $8.3 $5.9
GBPUSD benchmark fee $6.6 $3.3 $2.9 $5.8 $4.4
AUDUSD benchmark fee $6.1 $6.0 $4.3 $7.0 $5.6
EURCHF benchmark fee $9.6 $5.6 $4.1 $6.1 $3.6
EURGBP benchmark fee $10.9 $10.8 $7.8 $9.7 $6.6

All spreads, commissions and financing rate for opening a position, holding for a week and closing.

XTB non-trading fees
Capital.com Axi MultiBank XTB TMGM
Account fee No No No No No
Inactivity fee No Yes Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
73% of retail CFD accounts lose money

#4 XTB
Markets and products

XTB gives access to 57 currency pairs.
XTB currency pairs
Capital.com Axi MultiBank XTB TMGM
Currency pairs (#) 138 76 55 57 57

Visit broker More
73% of retail CFD accounts lose money

#4 XTB
Desktop trading platform
4.4

XTB's xStation 5 platform has a desktop version as well. In both functionality and design, it's exactly the same as the web trading platform.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Best forex brokers - XTB trading platform

XTB has great charting tools and you can use 39 technical indicators.

Best forex brokers - XTB charting

Visit broker More
73% of retail CFD accounts lose money

TMGM Logo

#5 Best forex broker
TMGM

4.4

TMGM, or Trademax Global Markets, is an Australia-based global forex broker founded in 2013. The company has several branches and is regulated by the Australian Securities and Investment Commission (ASIC), the New Zealand Financial Markets Authority (FMA) and the Vanuatu Financial Services Commission (VFSC).

TMGM is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit broker
74-89% of retail CFD accounts lose money

#5 TMGM
Fees

TMGM has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

TMGM trading fees
Capital.com Axi MultiBank XTB TMGM
EURUSD benchmark fee $8.7 $8.3 $5.0 $8.3 $5.9
GBPUSD benchmark fee $6.6 $3.3 $2.9 $5.8 $4.4
AUDUSD benchmark fee $6.1 $6.0 $4.3 $7.0 $5.6
EURCHF benchmark fee $9.6 $5.6 $4.1 $6.1 $3.6
EURGBP benchmark fee $10.9 $10.8 $7.8 $9.7 $6.6

All spreads, commissions and financing rate for opening a position, holding for a week and closing.

TMGM non-trading fees
Capital.com Axi MultiBank XTB TMGM
Account fee No No No No No
Inactivity fee No Yes Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
74-89% of retail CFD accounts lose money

#5 TMGM
Markets and products

TMGM gives access to 57 currency pairs.
TMGM currency pairs
Capital.com Axi MultiBank XTB TMGM
Currency pairs (#) 138 76 55 57 57

Visit broker More
74-89% of retail CFD accounts lose money

#5 TMGM
Desktop trading platform
3.4

In design and functionality, TMGM's MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts
Best forex brokers - TMGM trading platform

TMGM has average charting tools and you can use 31 technical indicators.

Best forex brokers - TMGM charting

Visit broker More
74-89% of retail CFD accounts lose money

Best forex brokers
What makes a top forex broker?

Trading forex has become really popular over the last decade. Looking at important criteria like fees will help you find the best forex broker for you.

At BrokerChooser, we test online brokers according to nearly 500 criteria, using a real account and real money.

The most important factors to consider in selecting the top forex brokers are forex trading fees. Besides trading fees, you should also look at withdrawal fees and the number of available currency pairs. Check if the broker provides great desktop and mobile trading platforms as well as advanced charting tools.

Best forex brokers
Forex broker fees

Fees, fees, fees. We bet this is always on your mind when you're on the hunt for the best forex broker. But this can be a complicated issue. Let's see how we dealt with it.

It's not easy to compare forex broker fees, but we are here to help. Generally, forex brokers can charge commissions, spreads and financing fees.

For commissions, there are two approaches forex brokers can use:

  1. All trading fees are included in the spread except the financing rate. Basically, think of it as the broker giving you a wider spread than it gets from the market.
  2. You get the market spread, but you pay a commission based on the traded amount. This model is usually used by ECN brokers.

The second version is more transparent, but this doesn't mean that the first method cannot be cheaper.

When you trade forex on leverage and hold your position overnight, a fee will be charged. This fee is called the financing cost. Financing costs change daily and can make up a significant part of your overall costs if you hold your positions for a longer period.

To make your life easier, we calculated what your overall fee would be if you took a $20,000 position, held it for a week and then closed it. We used 30:1 leverage, the maximum available leverage for major currency pairs at many brokers.

Best forex brokers
Bottom line

You saw the details, now let's zoom out. Here are the top forex brokers in 2022 for citizens in Myanmar (Burma):

Top forex brokers in 2022 for Burmese citizens
Capital.com Axi MultiBank XTB TMGM
Forex fee scores 3.7 stars 4.1 stars 4.8 stars 3.9 stars 4.6 stars
Deposit and withdrawal score 4.5 stars 4.4 stars 5.0 stars 4.5 stars 4.3 stars
Markets and products score 3.4 stars 2.0 stars 2.0 stars 3.3 stars 2.2 stars
Desktop platform score 3.4 stars 3.4 stars 3.4 stars 4.4 stars 3.4 stars
Visit broker
75.26% of retail CFD accounts lose money
Visit broker
74.6% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
73% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money

Capital.com is our winner, the best forex broker for Burmese citizens in 2022. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.

All of these brokers are great choices, but watch out, as forex trading can be risky. If you know enough and are good to go, pick your favourite and take the next step in your trading journey. Let us know what you think in the comments section.

Still unsure? Use our broker finder tool and find the best broker for you.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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Visit Capital.com
75.26% of retail CFD accounts lose money
Visit Axi
74.6% of retail CFD accounts lose money
Visit MultiBank
74-89% of retail CFD accounts lose money
Visit XTB
73% of retail CFD accounts lose money
Visit TMGM
74-89% of retail CFD accounts lose money
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