Forex Broker Leverage Comparison in Armenia (2026)
| Broker | EUR/USD | GBP/USD | Gold | Commission | Min deposit | Leverage | Withdrawals |
|---|---|---|---|---|---|---|---|
| 1. Vantage (Top pick) | 0.0 pips (Raw ECN) | 0.1 pips | 0.08 pips | $3 per side per lot (Raw ECN) | $50 | 1:30 (FCA retail) / up to 1:500 offshore | Same day to 24 hours (card, bank, e-wallet) |
| 2. IC Markets | 0.0 pips (Raw) | 0.1 pips | 0.10 pips | $3.50 per side per lot (Raw) | $200 | 1:30 (CySEC retail) / up to 1:500 offshore | 1-2 business days |
| 3. Exness | 0.0 pips (Raw Spread) | 0.1 pips | 0.16 pips | From $3.50 per side per lot (Raw Spread/Zero) | $10 | 1:30 (FCA/CySEC retail) / up to 1:2000 offshore | Instant to 24 hours (automated processing) |
| 4. Pepperstone | 0.1 pips (Razor) | 0.2 pips | 0.12 pips | $3.50 per side per lot (Razor) | No minimum (£/$200 suggested) | 1:30 (FCA retail) | 1-3 business days |
| 5. FxPro | 0.3 pips (Raw+) | 0.4 pips | 0.20 pips | $3.50 per side per lot (Raw+) | $100 | 1:30 (FCA retail) | 1-3 business days |
| 6. XTB | 0.5 pips | 0.8 pips | 0.28 pips | Spread-only on forex | No minimum | 1:30 (FCA retail) | Same day to 2 business days |
| 7. CMC Markets | 0.5 pips | 0.9 pips | 0.30 pips | Spread-only on forex | No minimum | 1:30 (FCA retail) | 1-3 business days |
| 8. IG | 0.6 pips | 0.9 pips | 0.30 pips | Spread-only on forex | £250 (card £1) | 1:30 (FCA retail) | 1-3 business days |
| 9. OANDA | 0.6 pips | 0.9 pips | 0.35 pips | Spread-only (core pricing available) | No minimum | 1:30 (FCA retail) | 1-2 business days |
| 10. AvaTrade | 0.9 pips | 1.5 pips | 0.34 pips | Spread-only, inactivity fee applies | $100 | 1:30 (EU retail) / up to 1:400 offshore | 1-3 business days |
| 11. eToro | 1.0 pips | 1.5 pips | 0.45 pips | Spread-only, $5 withdrawal fee | $50 | 1:30 (FCA retail) | 1-2 business days |
How we ranked them
- Spreads on EUR/USD, GBP/USD and gold during peak sessions
- Commission per round-turn lot on raw/ECN accounts
- Minimum deposit and funding fees
- Withdrawal speed and payout reliability
- Regulation and client fund protection
Broker-by-broker verdict
- Vantage — FCA (UK entity), ASIC, VFSC, CIMA. Lowest all-in cost in our test and fastest payouts. Open account
- IC Markets — ASIC, CySEC, FSA (Seychelles). No FCA-regulated UK entity, so UK clients are onboarded offshore without FSCS cover.
- Exness — FCA, CySEC, FSCA, FSA (Seychelles). FCA-regulated UK entity exists, but most retail clients are onboarded offshore without FSCS cover or negative balance protection beyond the EU/UK entities.
- Pepperstone — FCA, ASIC, CySEC, DFSA, BaFin. FCA-regulated UK entity with FSCS cover and negative balance protection for retail clients.
- FxPro — FCA, CySEC, FSCA, SCB. FCA-regulated UK entity; FSCS cover for eligible retail clients.
- XTB — FCA, KNF, CySEC, IFSC. FCA-regulated UK entity; FSCS cover for eligible retail clients.
- CMC Markets — FCA, ASIC, BaFin, MAS. LSE-listed and FCA-regulated; FSCS cover for eligible UK retail clients.
- IG — FCA, ASIC, BaFin, MAS, CFTC. LSE-listed and FCA-regulated; FSCS cover for eligible UK retail clients.
- OANDA — FCA, ASIC, CFTC/NFA, MAS. FCA-regulated UK entity; FSCS cover for eligible retail clients.
- AvaTrade — Central Bank of Ireland, ASIC, FSCA, FSA Japan. No FCA entity for UK retail clients; EU/offshore entities instead.
- eToro — FCA, CySEC, ASIC. FCA-regulated UK entity; FSCS cover for eligible retail clients.
Total cost per lot (EUR/USD)
On a raw account, Vantage costs roughly $6 per round-turn lot (0.0 pips + $3 per side). IC Markets and Pepperstone cost about $7, while spread-only brokers like IG, eToro and AvaTrade cost $6–$10 in spread alone.
Winner for traders in Armenia: Vantage
Lowest commission, $50 minimum deposit, MT4/MT5/cTrader/TradingView and same-day withdrawals. Compare live spreads at Vantage →
*CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Affiliate disclosure: we may earn a commission if you open an account.*