6 Best Forex Brokers in the Bahamas
The 6 Best Forex Brokers in the Bahamas – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in the Bahamas.
In this in-depth guide, you will learn:
- The Best Forex Brokers in the Bahamas – a List
- Is Forex Trading Legal in the Bahamas?
- Can You Trade Stocks in the Bahamas?
- The Best Forex Brokers for Beginners and Foreigners
and much, MUCH more!
6 Best Forex Brokers in the Bahamas – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Traders in the Bahamas | 💷 Min. Deposit (BSD) |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 101,26 |
| 🥈 FXPro | 👉 Click Here | ✅Yes | 101,26 |
| 🥉 Saxo | 👉 Click Here | ✅Yes | None |
| 🏅 IC Markets | 👉 Click Here | ✅Yes | 202,51 |
| 🎖️ Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🥇 XTB | 👉 Click Here | ✅Yes | None |
6 Best Forex Brokers in the Bahamas (2024)
- ☑️ AvaTrade – Overall, the Best Forex Broker in the Bahamas
- ☑️ FxPro – Best MetaTrader 4 and MetaTrader 5 Forex Broker
- ☑️ Saxo – Best Overal User Experience
- ☑️ IC Markets – Popular Forex Broker for Beginners
- ☑️ Interactive Brokers – Best Online Trading Experience
- ☑️ XTB – Best Mobile Trading Experience
AvaTrade
AvaTrade is amongst the highest regulated Forex, CFD, and Financial Services providers. Regulations by renowned agencies include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and JFSA. Accounts offered are Standard Retail, Professional and, Islamic, Swap-Free Accounts. Moreover, a Demo account is available.
In addition, notable Factors and Features to consider include:
- Occasional Bonus Offers and Promotions
- Spreads from 0.6 Pips on the Pro Account
- Spreads from 0.9 Pips on the Retail Account
- Leverage of up to 1:30 (Retail) – 1:400 (Pro)
- Access to over 50 Currency Pairs, including Major, Minor, and, Exotic Pairs
- 100 USD Minimum Deposit
Trading instruments and Products available include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs. AvaTrade supports AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, ZuluTrade
| 🔎 Broker | 🥇 AvaTrade |
| 💴 Minimum Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
The benefits of trading with AvaTrade include access to over 1260 Instruments and Fixed Spreads on selected accounts.
FxPro
FxPro is a Leading Forex and CFD broker that serves novices and seasoned pros. Regulations by renowned agencies include the FCA, CySEC, SCB, FSCA, and, the FSC. Accounts available include Standard, Pro, Raw+, and, ECN. Moreover, Islamic, Swap-Free, and Demo Options are available.
In addition, notable Factors and Features to consider include:
- 24/5 Customer Support
- Several Base Currencies, including USD, EUR, and, ZAR
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- No Inactivity Fee is Charged
- A Commission Fee is Charged
Trading instruments and Products include Forex, futures, indices, shares, metals, energies, and, crypto CFDs. FxPro supports MetaTrader 4, MetaTrader 5, and, cTrader. In addition, a Proprietary Trading Platform and Mobile App is available.
| 🔎 Broker | 🥇 FxPro |
| 📌 Year Founded | 2006 |
| 📍 Amount of staff | 500+ |
| ⭐ Publicly Traded | None |
| 🛡️ Regulation | FCA, CySEC, ASIC |
| 🌎 Country of regulation | UK, Cyprus, Australia |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative balance protection | ✅Yes |
| 📈 Investor Protection Schemes | FSC, FSCS, and others |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 📉 Minor account currencies | Multiple |
| 📊 Minimum Deposit | 100 USD |
| ⏰ Avg. deposit processing time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal processing time | 1-5 business days |
| 💴 Fund Withdrawal Fee | None |
| 💶 Spreads from | 0.0 pips |
| 💵 Commissions | Variable |
| 💷 Number of base currencies | 6 |
| 💳 Swap Fees | Variable |
| ⏹️ Leverage | Up to 1:500 |
| ⏺️ Margin requirements | Variable |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📊 CFDs Total Offered | 2000+ |
| 💹 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 💱 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, Credit/Debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, Credit/Debit cards, e-wallets |
| ➡️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| ↪️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Economic calendar, trading signals, charting tools |
| 🥰 Customer Support | Responsive |
| 🗯️ Live chat availability | ✅Yes |
| 💌 Support Email | [email protected] |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Twitter, Facebook, LinkedIn, |
| 📍 Languages | English, Spanish, German, French, Italian, Arabic, Chinese, Japanese |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Tutorials, articles, videos |
| 📒 Affiliate program | ✅Yes |
| 📑 IB Program | ✅Yes |
| 🗃️ Sponsor notable events/teams | ✅Yes |
| 🗄️ Rebate program | ✅Yes |
| 📌 Account Types | Standard, Raw+, Elite |
| 🅰️ Cent Accounts | None |
| 🅱️ Micro Accounts | None |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🌟 Suited to Active Traders | ✅Yes |
| *️⃣ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| MetaTrader 4 and 5 | Basic FXPro App |
| cTrader accounts | Commissions on cTrader accounts |
| Wide Range of Trading Instruments | Withdrawal Processing Times |
| Diverse Educational Resources | Limited Advanced Content |
| Multiple Platform Options | Spread Variability |
| Flexible Leverage | Potential for Higher Risk with Leverage |
| No Deposit or Withdrawal Fees | Complexity for New Traders |
Our Insights
The benefits of trading with FxPro include access to advanced courses for experienced traders.
Saxo
Saxo Bank is a well-regulated worldwide bank with a strong reputation in the financial industry. Regulations by renowned agencies include the JFSA, ASIC, FSC, and, CONSOB. Accounts available are Classic, Platinum, and, VIP. Moreover, no minimum deposit is required.
In addition, notable Factors and Features to consider include:
- 18 Base Currencies
- Leverage of up to 1:30 Spreads from 0.4 Pips
- Access to over 180 Currency Pairs, including Major, Minor, and, Exotic
- Multilingual Customer Support, including English and Danish
- Access to an Affiliate Program.
- Scalping and Hedging are Offered.
Trading instruments and Products include forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, and, Mutual funds. Saxo supports SaxoTraderGO and SaxoTraderPRO.
| 🔎 Broker | 🥇 Saxo Bank |
| 📌 Year Founded | 1992 |
| 👤 Amount of staff | Approximately 2,000 |
| 👥 Amount of active traders | Over 800,000 |
| 📍 Publicly Traded | ✅Yes |
| ⭐ Regulation and Security | Very High |
| 🛡️ Regulation | FSA FCA |
| 📈 Account Segregation | ✅Yes |
| 📉 Negative balance protection | ✅Yes |
| 📊 Investor Protection Schemes | ✅Yes |
| 💹 Account Types and Features | SaxoTraderGO, SaxoTraderPRO |
| 🅰️ Institutional Accounts | Available |
| 🅱️ Managed Accounts | Available |
| 💴 Minor account currencies | ✅Yes |
| 💶 Minimum Deposit | Varies by account type and region |
| ⏰ Avg. deposit processing time | Typically 1-2 business days |
| ⏱️ Avg. Withdrawal processing time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | No standard fee, may vary depending on method |
| 💷 Spreads from | 0.4 pips (varies by instrument and market conditions) |
| 💳 Commissions | Variable, depending on account type and trading volume |
| 💸 Number of base currencies | Over 40 |
| 💲 Swap Fees | Varies depending on account type and instrument |
| ▶️ Leverage | Up to 1:200 (varies by asset class and jurisdiction) |
| ⏹️ Margin requirements | Varies by asset class |
| ☪️ Islamic account | Available |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | Typically milliseconds to seconds |
| 🖥️ VPS Hosting | Available |
| 📊 CFDs Total Offered | Thousands |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📈 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 💻 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 🖱️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Advanced charting, research tools, trading signals |
| 🥰 Customer Support | Very Responsive |
| 🗯️ Live chat | ✅Yes |
| 💌 Support Email | Varies by Region |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Facebook, Twitter, |
| 🔖 Languages | Multiple languages including English, Danish, German, etc. |
| 🏷️ Forex course | ✅Yes |
| ✏️ Webinars | ✅Yes |
| 📔 Educational Resources | Yes (includes articles, videos, and courses) |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Numerous |
| 🤝 IB Program | ✅Yes |
| 🌟 Sponsor notable events/teams | Various |
| 💰 Rebate program | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| ♒ Suited to Active Traders | ✅Yes |
| 💡 Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
The benefits of trading with Saxo include access to narrow spreads and detailed market research.
IC Markets
IC Markets is a powerful Forex and CFD Broker. Regulations by renowned agencies include ASIC, CySEC, FSA, and, the SCB. Accounts available are cTrader, Raw Spread, and Standard. Moreover, a Demo Account is available. The minimum deposit is 200 USD.
In addition, notable Factors and Features to consider include:
- Multiple Base Currencies, including AUD, USD, and, JPY
- Copy and Social Trading via IC Social
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- A Commission Fee is charged
Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. IC Markets support MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.
| 🔎 Broker | 🥇 IC Markets |
| 📌 Year Founded | 2007 |
| 👤 Amount of Active Traders | Over 1 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FSA (Seychelles) |
| 🌎 Country of Regulation | Seychelles |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🧾 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | Major and Minor |
| 💶 Minimum Deposit | 200 USD |
| ⚡ Average Deposit/Withdrawal Processing Time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | Generally no fee |
| 🔖 Spreads From | From 0.0 pips |
| 💷 Commissions | Variable |
| 🪙 Number of Base Currencies Supported | 10+ |
| 💳 Swap Fees | ✅Yes |
| 🏷️ Leverage | Up to 1:500 |
| 🖇️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📈 CFDs Total Offered | Extensive Range |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | Major global stocks |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting tools, etc. |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 😎 Languages Supported | Multiple Languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| ↪️ Do They Sponsor Any Notable Events or Teams | ✅Yes |
| ⭐ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
The benefits of trading with IC Markets include Multilingual Customer Support and Educational Resources.
Interactive Brokers
Interactive Brokers is a leading electronic brokerage firm at the forefront of trading technology. Regulations by renowned agencies include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and MAS. Accounts available are IBKR Lite and IBKR Pro. In addition, No minimum deposit is required.
In addition, notable Factors and Features to consider include:
- 24/5 Customer Support
- Spreads from 0.6 Pips
- Leverage of up to 1:500
- Multilingual Customer Support
- Access to an Affiliate Program
Trading instruments and Products include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. Interactive Brokers support IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
Established Traders will best benefit from the large number of proprietary offerings available.
XTB
XTB is a trusted Forex and CFD Broker licensed and regulated by renowned Financial Institutions. Regulations by renowned agencies include 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 to consider include:
- Occasional Bonus Offers and Promotions
- 24/5 Customer Support
- USD, EUR, and, GBP Base Currencies
- Spreads from 0.5 Pips
- Leverage of up to 1:500
- Access to over 50 Currency Pairs
Trading instruments and Products include Forex, indices, commodities, stocks, ETFs, Crypto, and CFDs. XTB supports xStation 5 and xStation Mobile.
| 🔍 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time Seconds | Milliseconds - |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀 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 multiple trusted deposit options and impressive customer support.
Is Forex Trading Legal in the Bahamas?
Forex Trading in the Bahamas is Legal and well-regulated by the Securities Commission of The Bahamas (SCB).
In Conclusion
The Popularity of Forex Trading in the Bahamas has seen a notable rise in popularity. Moreover, it is legal and well-regulated by the Securities Commission of The Bahamas (SCB). In addition, several International Forex Brokers accept Local Traders.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | BVI FSC | USD 1 | 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 Bahamian 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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Faq
Forex Trading in the Bahamas is legal and regulated by the SCB.
The Securities Commission of the Bahamas (SCB).
The Bahamian Dollar.
Forex CFDs on stocks, indices, commodities, cryptocurrencies, ETFs, options, and bonds.
Scalping and Hedging are offered.
No minimum deposit is required.
IC Markets provide leverage of up to 1:500.
No minimum deposit is required.
USD, EUR, and GBP.
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