6 Best Forex Brokers in Barbados
Last Update: June 26th, 2024
The 6 Best Forex Brokers in Barbados – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Barbados.
In this in-depth guide you will learn:
- The Best Forex Brokers in Barbados – a List
- How to Trade Stocks in Barbados
- Can you trade Forex from Barbados?
- The Best Forex Brokers for Beginners
and much, MUCH more!
6 Best Forex Brokers in Barbados – a Comparison
🔎 Broker | 🚀 Open an Account | 🤝 Accepts Local Traders | 💴 Min. Deposit (BBD) |
🥇 IC Markets | 👉 Click Here | ✅Yes | 403,53 |
🥈 Pepperstone | 👉 Click Here | ✅Yes | 266,02 |
🥉 CMC Markets | 👉 Click Here | ✅Yes | None |
🏅 Moneta Markets | 👉 Click Here | ✅Yes | 100,88 |
🎖️ FP Markets | 👉 Click Here | ✅Yes | 133,01 |
🥇 Tickmill | 👉 Click Here | ✅Yes | 201,77 |
6 Best Forex Brokers in Barbados (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in Barbados
- ☑️ Pepperstone – Best MetaTrader Forex Broker
- ☑️ CMC Markets – Best Mobile Trading Experience
- ☑️ Moneta Markets – Best Forex Broker for Copy Trading
- ☑️ FP Markets – High User Trust Score
- ☑️ Tickmill – Popular Forex Broker for Beginners
IC Markets
IC Markets is a well-established, trusted, a highly regulated Forex and CFD Broker. Regulations by renowned agencies include ASIC, CySEC, FSA, and, the SCB. Accounts available are cTrader, Raw Spread, and, Standard. The minimum deposit is 200 USD. Moreover, a Demo Account is available.
In addition, notable Factors and Features include:
- Copy and Social Trading
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 60 Currency Pairs
- No Inactivity Fee is Charged
- Scalping and Hedging is Offered
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 |
💴 Minimum Deposit | 200 USD |
💵 Inactivity Fee | None |
📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
5️⃣ Ease of Use Rating | 5/5 |
🎁 Bonuses | None |
⏰ Support Hours | 24/7 |
🚀 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 a user-friendly registration process and trusted customer support.
Pepperstone
Pepperstone is a highly regulated and well-established Forex and CFD Broker. Regulations by renowned agencies include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Accounts available are Standard and Razor Accounts. Moreover, Islamic, Swap-Free, and Demo Accounts are available. In addition, notable Factors and Features include:
- 24/7 Dedicated Customer Support
- USD and GBP Base Currencies
- Spreads from 0.0 Pips
- Leverage of up to 1:500 (Pro) and 1:200 (Retail)
- A Commission Fee is Charged
- Scalping and Hedging are Offered
- No Inactivity Fee is Charged
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 Free Deposit Options and Withdrawals.
CMC Markets
CMC Markets is a trustworthy and well-regarded Forex, CFD, and Financial Services Provider. Regulations by renowned agencies include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts include CFD, Spread Betting, and, Corporate. However, Islamic, Swap-Free Accounts are not available.
In addition, notable Factors and Features include:
- 24/5 Customer Support
- Multiple Base Currencies, including GBP, CAD, and, SEK
- Spreads from 0.3 Pips
- Leverage of up to 1:30
- Access to over 300 Currency Pairs
- A Commission Fee is Charged
Trading instruments and Products include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and ETFs. In addition, Hedging and Scalping are offered. CMC Markets support MetaTrader 4 and Next Generation. Moreover, a Proprietary Mobile App is available.
🔎 Broker | 🥇 CMC Markets |
💴 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 |
Next Generation platform | High Fees |
Our Insights
The benefits of trading with CMC Markets include excellent educational resources and trusted customer support.
Moneta Markets
Moneta Markets is a well-established Forex and CFD Broker with access to over 1’000 tradable assets. Regulations by renowned agencies include AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, and, BRL. Accounts include Direct STP, Prime ECN, and, Ultra ECN. The minimum deposit is 50 USD.
In addition, notable Factors and Features include:
- Multiple Base Currencies, including AUD SGD, and, HKD
- Spreads from 0.0 Pips
- Access to over 40 Currency Pairs, including Major, Minor, and, Exotic Pairs
- No Inactivity Fee is Charged
- Leverage of up to 1:1000
Trading Instruments include Forex, commodities, indices, shares, ETFs, bonds, and, cryptocurrencies. Moneta Markets supports PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader.
🔎 Broker | 🥇 Moneta Markets |
📈 Established Year | 2019 |
📉 Regulation and Licenses | FSCA, FSA Seychelles, CIMA, ASIC |
📊 Ease of Use Rating | 4/5 |
🎁 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
🖱️ Trading Platforms | PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App |
📌 Account Types | Direct STP, Prime ECN, Ultra ECN |
💴 Base Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL |
📍 Spreads | From 0.0 pips |
💹 Leverage | 1:1000 |
💵 Currency Pairs | 44; major, minor, and exotic pairs |
💶 Minimum Deposit | 50 USD |
💷 Inactivity Fee | None |
🔊 Website Languages | English, French, German, Spanish, Vietnamese, Thai, Russian, Arabic, Portuguese, Chinese, etc. |
🪙 Fees and Commissions | Spreads from 0.0 pips, commissions from $6 round turn |
🤝 Affiliate Program | ✅Yes |
❎ Banned Countries | United States, Canada, Hong Kong |
📈 Scalping | ✅Yes |
📉 Hedging | ✅Yes |
📐 Trading Instruments | Forex, commodities, indices, shares, ETFs, bonds, cryptocurrencies |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
1,000+ tradable assets, including forex | Some account types may have volume constraints |
Multilingual support | Limited Education |
Tight Spreads | No Negative Balance Protection |
No deposit or withdrawal fees | Inconsistencies reported in customer support quality. |
Strong Regulation | Limited Product Range |
MetaTrader 4 and 5 | Limited Account Types |
Our Insights
The benefits of trading with Moneta Markets include Multilingual Customer Support. Languages supported include French, German, and, Spanish.
FP Markets
FP Markets is a well-established Forex, CFD, and, Financial Services Provider. Regulations by renowned agencies include ASIC, CySEC, FSCA, FSA, and, the FSC. Accounts available are Standard, Raw, Islamic Standard, and, Islamic Raw. Moreover, a Demo Account is available.
In addition, notable Factors and Features include:
- 24/7 Customer Support
- Multiple Base Currencies, including AUD, CAD, and, EUR
- 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, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds. FP Markets support MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. In addition, a Proprietary Mobile 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 Tight Spreads and Low Forex Fees.
Tickmill
Tickmill is a prominent global Forex Brokerage. Regulations by renowned agencies include CySEC, FCA, FSA, FSCA, and, Labuan FSA. Accounts available are VIP, Classic, and, Pro Accounts. Moreover, a Demo and Islamic, Swap-Free Option is available.
In addition, notable Factors and Features include:
- 24/5 Customer Support
- Multiple Base Currencies, including USD, EUR, and, GBP
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 60 Currency Pairs
Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. Tickmill supports MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile App is available.
🔎 Broker | 🥇 Tickmill |
💴 Minimum Deposit | $100 |
💵 Inactivity Fee | None |
📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
📉 Leverage | 1:500 |
💶 Currency Pairs | 62, major, minor, and exotic pairs |
📊 Scalping | ✅Yes |
💹 Hedging | ✅Yes |
🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
⏰ Support Hours | 24/5 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
The benefits of trading with Tickmill include access to various educational resources.
Is Forex Trading Legal in Barbados?
Forex Trading in Barbados is Legal and well-regulated by the Central Bank.
In Conclusion
The popularity of Forex Trading in Barbados has seen a notable rise. Moreover, it is well-regulated by the country’s local bank. In addition, Multiple 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 | 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 Traders in Barbados, 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.
You might also like:
- IC Markets Review
- Pepperstone Review
- CMC Markets Review
- Moneta Markets Review
- FP Markets Review
- Tickmill Review
Forex Trading in Barbados is Legal and well-regulated by the Central Bank.
The Central Bank of Barbados.
The Barbados Dollar.
IC Markets offers 24/7 Dedicated Customer Support.
The Pepperstone Minimum Deposit is AU$200.
CMC Markets charges an inactivity fee.
Regulation includes FSCA, FSA Seychelles, CIMA, and, ASIC.
The FP Markets minimum deposit is AU$100.
No Inactivity Fee is Charged.