6 Best Forex Brokers in Cuba
Last Update: June 26th, 2024
The 6 Best Forex Brokers in Cuba – Rated and Reviewed. We have listed the Best Forex Broker accepting Traders in Cuba.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Cuba – a List
- Is Forex Trading Legal in Cuba?
- Is Exness available in Cuba?
- The Best Forex Brokers in Cuba for Beginners
- Low CUP Minimum Deposit Brokers
and much, MUCH more!
6 Best Forex Brokers in Cuba – a Comparison
🔎 Broker | 🚀Open an Account | 🤝 Accepts Traders in Cuba | 💷 Min. Deposit (CUP) |
🥇 TMGM | 👉 Click Here | ✅Yes | 2396,44 |
🥈 Axi | 👉 Click Here | ✅Yes | None |
🥉 GO Markets | 👉 Click Here | ✅Yes | 4792,88 |
🏅 FP Markets | 👉 Click Here | ✅Yes | 1597,37 |
🎖️ Pepperstone | 👉 Click Here | ✅Yes | 3158,98 |
🥇 XTB | 👉 Click Here | ✅Yes | None |
6 Best Forex Brokers in Cuba (2024)
- ☑️ TMGM – Overall, the Best Forex Broker in Cuba
- ☑️ Axi – Best Overall Trading Experience
- ☑️ GO Markets – Best Online Trading Experience
- ☑️ FP Markets – Best Forex Broker for Beginners
- ☑️ Pepperstone – Best Mobile Trading Experience
- ☑️ XTB – High Cuban Trust Score
TMGM
TMGM is a popular Forex, CFD, and, Financial Services provider. Regulations include ASIC, FMA, and, the VFSC. Accounts available are Classic, Edge, IRESS Standard, IRESS Premium, and, IRESS Gold. the minimum deposit is 100 USD. In addition, notable Benefits, Factors, and Features to consider include:
- 24/7 Dedicated Customer Support
- 6 Base Currencies, including USD, EUR, and, AUD
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Over 50 Currency Pairs, including major, minor, and, exotic
- An Inactivity Fee is Charged
- Commissions are Charged
Trading Instruments include Forex, metals, shares, energies, crypto CFDs, and, indices. Moreover, scalping and hedging are offered. TMGM supports MetaTrader 4, MetaTrader 5, IRESS, and, HUBx.
🔍 Broker | 🥇TMGM |
💵 Minimum Deposit | 100 USD |
4️⃣ Ease of use Rating | 4/5 |
🎁 Bonuses | None |
⏰ Support Hours | 24/7 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Quick order execution + little slippage | Restricted Proprietary Platforms |
MT4 and MT5 | Limited Demo Account |
Our Insights
The Benefits of trading with TMGM include quick order execution, little slippage, and deals filled at the correct pricing.
Axi
Axi is a trustworthy Forex and CFD Broker with a robust regulatory framework. Regulations include ASIC, SVG FSA, FCA, FMA, DFSA, and, the FRSA. Accounts include Standard, Pro, and Elite. In addition, a Demo Account is available. In addition, notable Benefits, Factors, and Features to consider include:
- No Minimum deposit is required
- Occasional Bonus Offers and Promotions
- 24/5 Customer Support
- Multiple Base Currencies, including AUD, CAD, and, EUR
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 70 Currency Pairs
- Commission Fees are Charged
Trading Instruments include Forex, share CFDs, indices, commodities, oil, precious metals, crypto CFDs, CFDs, and, IPOs. Axi supports MetaTrader 4.
🔎 Broker | 🥇 Axi |
💴 Minimum Deposit | 0 USD |
💵 Inactivity Fee | ✅Yes |
💝 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
🖱️ Trading Platforms | MetaTrader 4 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Axi is regulated by top-tier agencies | Only MetaTrader 4 is available |
Axi provides standard, professional, and advanced accounts | Axi does not have a proprietary trading platform |
Axi supports the use of MetaTrader 4 across devices | Crypto withdrawals are not available |
Users can trade forex and CFDs on equities, indices, commodities, and Crypto | Axi restricts customers from the United States and other regions |
Our Insights
The benefits of trading with Axi include multiple account types and industry-leading trading platforms.
GO Markets
GO Markets is a reliable and robust forex and CFD broker. Regulations include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC. Accounts include Standard, GO+ Plus, and, Demo. The minimum deposit is 200 USD. In addition, notable Benefits, Factors, and Features to consider include:
- 24/5 Customer Support
- Multiple Base Currencies, including AUD, USD, and, EUR
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Over 50 Currency Pairs, including Major, Minor, and, Exotic
Trading Instruments include Forex, shares, indices, metals, commodities, and, cryptocurrencies. GO Markets support MetaTrader 4, MetaTrader 5, and, cTrader.
🔎 Broker | 🥇 GO Markets |
💴 Minimum Deposit | 200 USD |
💵 Inactivity Fee | None |
📈 Spreads | From 0.0 pips |
📉 Leverage | 1:500 |
🪙 Currency Pairs | 50+; minor, major, exotic pairs |
⏰ Support Hours | 24/5 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Competitive Spreads | Not FCA Regulated |
Our Insights
The benefits of trading with GO Markets include up-to-date educational resources and impressive customer support.
FP Markets
FP Markets is a well-established and highly regulated Forex and CFD Brokerage. Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC. Accounts include Standard, Raw, Islamic Standard, Islamic Raw, and, Demo. The minimum deposit is AU$100. In addition, notable Benefits, Factors, and Features to consider include:
- Multiple Base Currencies including AUD, CAD, and, EUR
- 24/7 Customer Support
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- No inactivity Fee is Charged
- Multilingual Website Option
- Access to an Affiliate Option
- Scalping and Hedging are offered
Trading Instruments include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds. FP Markets support MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. Moreover, a Proprietary Mobile Trading App is available.
🔎 Broker | 🥇 FP Markets |
💴 Minimum Deposit | AU$100 |
💵 Inactivity Fee | None |
📈 Spreads | From 0.0 pips |
📉 Leverage | 1:500 |
💶 Currency Pairs | Major, Minor, Exotic |
📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
5️⃣ Ease of Use Rating | 4/5 |
🎁 Bonuses | None |
⏰ Support Hours | 24/7 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
FP Markets is regulated in several regions | There are limited instruments offered |
MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
Tight Spreads | Withdrawal fees apply |
There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
The benefits of trading with FP Markets include access to excellent educational resources, including a Trader’s Hub. Trading Manual, and, Webinars.
Pepperstone
Pepperstone is a highly regulated and well-established Forex Brokerage. Regulations by renowned agencies include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and the SCB. Accounts available are Standard and Razor. The Minimum deposit is AU$ 200. Moreover, a Demo and Islamic, Swap-Free Option is available. In addition, notable Factors and Features include:
- USD and GBP Base Currencies
- Spreads from 0.0 Pips
- Leverage of up to 1:500 (Pro Account)
- No Inactivity Fee is Charged
- Multilingual Customer Support
Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Pepperstone Supports TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.
🔎 Broker | 🥇 Pepperstone |
💴 Minimum Deposit | AU$200 |
📈 Account Types | Standard Account, Razor Account |
💵 Base Currencies | USD, GBP |
📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
💶 Currency Pairs | 70, minor, major, and exotic pairs |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Fully digital account opening | Mostly CFDs offered |
Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include access to excellent educational materials and trusted customer support.
XTB
XTB is a trusted Forex and CFD Broker with a wide range of financial products. Regulations by renowned agencies include the FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts available are Standard and Islamic, Swap-Free. Moreover, a Demo Account is available. In addition, notable Factors and Features include:
- USD, EUR, GBP Base Currencies
- Spreads from 0.5 Pips
- Leverage of up to 1:500
- Access to over 57 Currencies Pairs
- No Minimum Deposit is Required
- An Inactivity Fee is Charged
Trading instruments and Products include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. XTB supports xStation 5 and xStation Mobile.
🔍 Broker | 🥇 XTB |
💵 Minimum Deposit | 0 USD |
5️⃣ Ease of use Rating | 5/5 |
🎁 Bonuses | ✅ Yes |
⏰ Support Hours | 24/5 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Islamic Account | Inactivity fee |
Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include narrow spreads on main currency pairs and other popular assets.
In Conclusion
Forex Trading in Cuba operates in a grey area. However, multiple International Forex brokers accept Cuban Traders.
Broker | Review | Regulators | Min Deposit | Website | |
---|---|---|---|---|---|
🥇 | ![]() | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
🥈 | ![]() | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
🥉 | ![]() | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker |
4 | ![]() | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
5 | ![]() | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker |
6 | ![]() | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
7 | ![]() | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
8 | ![]() | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
9 | ![]() | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
10 | ![]() | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While reviewing the Best Forex Brokers that accept Cuban Traders, we found 6 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Multiple International Forex Brokers accept Cuban Traders.
Exness does not accept residents of Cuba.
Base currencies accepted by TMGM include USD, EUR, GBP, AUD, NZD, and, CAD.
The minimum deposit required is 100 USD.
Axi supports MetaTrader 4.
24/5 Customer Support is available.
No inactivity Fee is charged.
Leverage of up to 1:500 is provided.
Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC.
Pepperstone charges a commission fee starting at AU$ 7 for every round turn.
No Minimum deposit is required.