A guide to trading with top brokers in Lebanon

Officially known as the Lebanese Republic, Lebanon is a small country located in the Levant region of Western Asia and the Middle East. The country’s strategic location at the crossroads of the Arabian hinterland and Mediterranean Basin has played an imperative role in shaping its rich culture and history.

The country enjoys ethnic and religious diversity, and, despite its small size, its cultural heritage has had a strong influence on the entire region of the Middle East and Arabic Peninsula. To this day, Lebanese cuisine, vibrant customs and traditions, philosophy, literature, ancient history, and art continue to awe people from all over the world.

The country was recently subjected to a number of shocks – the first of the civil war in 2006, followed by the civil war in neighboring Syria in 2016.  Nevertheless, Lebanon has demonstrated its ability to recover and continue its growth and movement towards sustainable development ever since.

Forex trading is relatively new in Lebanon, and the country is yet to discover the best way to regulate the local market. However, with the accessibility of the FX market via PCs and mobile devices, Forex trading is continuing to grow in popularity among the local population, and it is safe to assume that Forex trading in Lebanon is yet to unleash its full potential.

In the guide below, we will have a closer look at the best online trading platforms in Lebanon, as well as examine the country’s regulatory mechanisms and the state of the national economy, and how it could be used efficiently by the local traders.

A complete list of best Forex brokers in Lebanon

Many professional traders cite finding a reliable brokerage to join as the single most important step in the Forex trading career of any trader. Regardless of your level of experience and trading background, finding a broker that best suits one’s trading needs, all while being trustworthy enough to ensure the safety of one’s trading funds is by no means an easy task.

In order to ease this task for you, and take some of the stress of your shoulders, we decided to call upon our own team of experts to carry out this demanding task. Having spent hours upon hours researching and analyzing the market, we came up with the list of the best of the best of the brokerages in Lebanon. You will find the complete breakdown of the top Lebanese brokers and their main features below.

XM Group

XM Group Forex Review

Minimum deposit




Maximum leverage


US Clients



An in-depth review of Exness Forex broker

Minimum deposit




Maximum leverage


US Clients


IQ Option

IQ Option Review – can the broker be trusted?

Minimum deposit

10 USD



Maximum leverage


US Clients



Forex.com Review

Minimum deposit

100 currency units



Maximum leverage


US Clients



EagleFX Review – Is it worth your time and money?

Minimum deposit

10 USD



Maximum leverage


US Clients



RoboForex Broker

Minimum deposit




Maximum leverage


US Clients


How is the Forex market in Lebanon regulated?

Despite being relatively young, and unlike many other countries where the Forex markets are only beginning to emerge, the field of FX trading in Lebanon is not abandoned with no regulatory mechanisms at all.

The main regulatory body of the Lebanese Forex market is the country’s central bank – the Bank of Lebanon, or the Banque Du Liban (BDL). Established in 1963, this institution has been in charge of a variety of sectors ever since.

The BDL is currently responsible for the country’s overall economic and monetary stability, as well as the smooth functioning of the banking sector (which now consists of more than 100 banks). Moreover, the BDL is taking care of the money transfer operations, payment methods, and other finance-related fields.

When it comes to the Forex market, the BDL is overseeing the stability of the exchange rate, has the power to intervene in the market by buying and selling foreign currencies, participates in open markets, and controls liquidity.

Finally, a large number of the regulated Forex brokers in Lebanon obtain their licenses from BDL. This notion is especially important, as the presence of the regulatory body that issues licenses means that the country is eager to ensure that the local traders are not exposed to the scam-brokers.

Having said that, we should warn you that the existence of a regulatory mechanism does not guarantee that you will only come across reliable brokers. Moreover, even if a broker claims that it possesses a license from an official regulatory body, it does not mean that it actually does possess it – which is why it is so important to check this information directly with the body that allegedly issued the license.

What is the Lebanese national economy like?

As we have already mentioned above, it is relatively safe to trade Forex in Lebanon. However, what does the Lebanese national economy hold for the local traders, and is it worth trading Forex in the current economic environment?

With an overall territory of 10, 452 square kilometers and a population of a little over 6,859, 408 people, the GDP of Lebanon reaches 91 billion USD. Moreover, the country is currently ranked as the world’s 4th country with the highest public debt. The latter means that the country relies heavily on external finances to maintain the national economy afloat.

On top of that, a large chunk of the country’s economy is made up of the tourism and banking sectors, although one should note that the latter are famous for their high-security standards and low liquidity. Nevertheless, excessive reliance on those two sectors means that the Lebanese national economy is highly vulnerable to political crises.

Nevertheless, it is impossible to overlook the fact that despite the recent hardships that the country has been through, it does not cease to maintain some degree of development. On top of that, an oil reserve has recently been discovered, and the preliminary assessment predicted that the Lebanese exclusive economic zone contained up to 660 million barrels of oil and up to 30×10 cu ft of gas beneath the sea bed.

Thus, we can conclude that in spite of the unfavorable state of the country’s economy, it is worth looking for the best Forex brokers in Lebanon in 2020, as the country has a lot of potential to overcome the ongoing crisis and re-establish itself as one of the most prosperous economies in the region.

What is the national currency of Lebanon?

The national currency of Lebanon is the Lebanese pound, coded as LBP. Since 1997, the LBP has been fixed at 1515,02 USD. However, since August 2020, the pressure on the peg has increased, and coupled with the weakening of the central bank’s reserves has resulted in the bank’s inability to defend the currency rate, and, consequently, a creation of the parallel rate in the market.

Thus, it is safe to say that LBP is not very popular both among the Lebanese and international traders. Moreover, you should keep in mind that LBP is considered to be an Exotic currency, and the beginners are advised to avoid and turn towards more stable, Major currency pairs instead.

Nonetheless, if you are confident in your trading skills and wish to try to trade the LBP, we recommend that while you look for the best Forex broker in Lebanon, you choose the one that accepts payment methods in the country’s national currency. This way you will be able to avoid being commission fees and high exchange rates.

What are the payment methods available in Lebanon?

While we are on the subject of the payment methods, let’s have a look at the ones available with the brokers that offer their services in Lebanon. As mentioned earlier, the country’s banking sector is very well developed, which means that wire transfers and credit/ debit card payments remain to be one of the most popular payment methods among Lebanese traders and brokers.

Furthermore, you will be able to find some international and local payment solutions. The latter includes a mobile payment system called CMO, and you will find that it is accepted by most of the top Forex brokers in Lebanon.

Most popular trading platforms in Lebanon

The importance of the reliable trading platform cannot be overlooked, as it is will ultimately define your exposure to the various trading instruments, as well as the smooth execution of your trades. Thus, the trading platform that your broker has to offer is certainly an important factor to consider before joining the brokerage of your choice.

In Lebanon, the platforms range from the ones developed specifically for the broker to the more popular ones, such as cTrader, MetaTrader4, and MetaTrader5. The latter has gained huge popularity among brokers all over the world, ever since it was first introduced by the Russia-based MetaQuotes company.

If you are an amateur trader looking for the best trading platform in Lebanon, we recommend that you pay special attention to the ones that offer an option of MT4 or MT5. Those trading platforms are not only reliable but, as mentioned above, are widely used across the world, which means that you will have no trouble finding educational material on how best to use them.

Are there any bonuses and promotions available in Lebanon?

Another feature that a lot of traders pay attention to when choosing a brokerage to join is the availability of bonuses and promotions. Those are often used by the brokers to expand their customer base, and maintain the returning clients. In turn, for a trader, bonuses can be used to kickstart a trading session from the very beginning.

You will usually come across two main types of bonuses – welcome and refill ones. Both cannot be withdrawn, and you will only be available to get the profit made while using them, and only if you manage to meet all the requirements that the broker introduced.

Welcome bonuses can be available immediately after you sign up with a broker ( the so-called no-deposit bonus), or after you make your first deposit. In turn, refill bonuses are issued periodically to the returning clients and their size will depend on the deposit you make.

You will find that some of the best Lebanese Forex brokers offer bonuses to their clients, so if it something that you are looking to use in your trading sessions, you should not have trouble finding it among the brokers in Lebanon.

Who is eligible to start FX trading in Lebanon?

In Lebanon, the legal age to enter the field of Forex trading is 18 years or older. Once you have met this requirement, you will have no other specific legal obligations to fulfill. However, it is likely that your broker will also have some sort of requirements that you will have to meet. Those will usually include your employment status, or, in some cases, your monthly income.

You might be wondering whether it is free to enter the Forex trading market. Well, you should bear in mind that Forex trading is a form of financial activity, thus, if you wish to trade for profit, you will have to make a deposit, and its minimum threshold will be identified by your broker.

Having said that, we are glad to confirm that the process of signing up with Forex trading brokers in Lebanon won’t cost you a dime. Moreover, if you are wary about getting straight into trading with real money, you can always use a free demo account, where you can practice for as long as you need.

What are the pros and cons of FX trading in Lebanon?

Before you decide whether or not you wish to give the Lebanese Forex market a go, we have created a list of the main advantages and disadvantages of trading there, so that you can refer to it whenever you like.


  • The local economy seems to be growing fast, and right now might be the best time to join this emerging Forex market
  • Despite being relatively new, the field of FX trading is well regulated, which means that you and your funds are sufficiently protected
  • You can utilize the variety of local payment methods to avoid significant losses on the commission fees


  • The country’s national currency is not very strong
  • The financial situation in the country is quite unstable
  • Despite being regulated, the country is still full of scams

The abovementioned list is by no means exclusive, but it does contain a number of factors that you should pay attention to before deciding to join the Lebanese Forex brokers in 2020.

So, should you trade Forex in Lebanon?

Having analyzed the overall state of the Forex market in Lebanon, we have concluded that it has a lot to offer to the local traders. The market is sufficiently regulated, and the national economy is making a fast recovery from the recent crises.

Nevertheless, one should keep in mind that the national currency is quite weak, and, as mentioned earlier, despite being properly regulated, the market is still quite dangerous. With that in mind, we would like to note that we are not, by any means, suggesting that you should be avoiding this market. On the contrary, if Forex trading is something that you have long been interested in, we recommend that you find yourself a broker among the best Forex platforms in Lebanon and explore the local market further.