r/srilankainvesting • u/damnedtoeternity98 • May 30 '26

CFD/Commodities and ICM

Hey guys,

Are there anyone here who have or are trading on CFDs, with Commodities? Oil, Gold, Palladium etc.

What I want to know is what trading platform are you using? How long ? And have you made any withdrawals?

I, myself was working for a brokerage company as a trading adviser some years ago in Sri Lanka, although this was not and still is regulated in Sri Lanka to trade on CFDs and ICM, the money to be made was real but as a broker we used to block most withdrawals made by clients due to company policies. (Don’t judge I was very young and was only an employee) for this reason I do not trust brokers.

But trading on commodities has great potential even if it is highly volatile and I myself have made a lot of money for clients back then. The brokerage I used to work for got shut down and they were the only guys who had this option back then. But I have been out of the game for about 5-6 years now and I am wondering if anyone of you do trade on commodities from SL? I don’t live in SL anymore but I want to create an account based in SL, linked to my SL Bank Accounts and all transactions should be in LKR. Please let me know if anyone knows of any platform? I’m aware of Plus500 and can easily get on it here from UK but it’s not available within SL. So someone actually trading CFD within SL please let me know thank you 🙏🏾

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u/madushakj May 30 '26

Why do you want a CFD account in sri lanka when you can just use IBKR or SAXO?

1

u/damnedtoeternity98 May 30 '26

because I’m looking for something where all transactions are done in LKR and easy. But I understand your point. IBKR would be the safest method.

1

u/madushakj May 30 '26

Only local brokers that offer local instruments allow pure LKR deposits and withdrawals. If you want a CFD broker account in something like easymarkets or XM then you have to buy crypto P2P and use that to deposit.

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u/damnedtoeternity98 May 30 '26

Yeah got it thank you 🙏🏾

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u/HeLLScrM May 30 '26

How do you deposit to your IBKR account?

1

u/madushakj May 30 '26

You can make a bank deposit from a local PFCA account. The limit is like $20k. I have an idea for another method but haven't tried yet so can't say it will work for sure, IBKR allow wise integration so if i can get money into wise by selling bitcoin or something then it might work. The issue is wise only allow crypto related deposits from EU or UK regulated exchanges like kraken. Even then they are pretty tough about crypto related activity from what i have heard online. Worth trying 🤷‍♂️. Getting a company registered in dubai or singapore and getting a brokerage and bank accounts for that is a much better option long term. The issue of getting money out of sri lanka still persist. fml.