6 Best Forex Brokers in Grenada
Last Update: June 26th, 2024
The 6 Best Forex Brokers in Grenada – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Grenada.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Grenada – a List
- Is Forex Trading Legal in Grenada?
- The Best Forex Brokers in the West Indies and Caribbean
- The Best Forex Brokers for Beginners and Foreigners
and much, MUCH more!
6 Best Forex Brokers in Grenada – a Comparison
🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit (XCD) |
🥇 IC Markets | 👉 Click Here | ✅Yes | EC$ 540,51 |
🥈 Tickmill | 👉 Click Here | ✅Yes | EC$ 270,25 |
🥉 CMC Markets | 👉 Click Here | ✅Yes | None |
🏅 Pepperstone | 👉 Click Here | ✅Yes | EC$ 357,33 |
🎖️ GO Markets | 👉 Click Here | ✅Yes | EC$ 540,51 |
🥇 Moneta Markets | 👉 Click Here | ✅Yes | EC$ 135,13 |
6 Best Forex Brokers in Grenada (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in Grenada
- ☑️ Tickmill – Best Overall Trading Experience
- ☑️ CMC Markets – Best MetaTrader Forex Broker
- ☑️ Pepperstone – Leading Forex Broker for Active Traders
- ☑️ GO Markets – Best Mobile Trading Platform
- ☑️ Moneta Markets – Best Online Trading Experience
IC Markets
IC Markets is a trusted, highly regulated Forex and CFD Broker. License and Regulations include ASIC, CySEC, FSA, and, the SCB. Account available include:
- cTrader Account
- Raw Spread Account
- Standard Account
In addition, Demo and Islamic, Swap-Free Accounts are available. The minimum deposit to open a live trading account starts at 200 USD. Additionally, notable factors and features include:
- Copy and Social Trading
- Several Base Currencies, including AUD, USD, and, JPY
- Leverage of up to 1:500
- Access to over 60 Currency Pairs, including Major, Minor, and, Exotic Pairs
- Spreads from 0.0 Pips
- A Commission Fee is Charged
- Scalping and Hedging are Provided
Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. IC Markets supports 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 Multilingual Customer Support.
Tickmill
Tickmill is a prominent Forex and CFD Brokerage. Regulations by acclaimed and trusted agencies include Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Accounts available include:
- VIP Account
- Classic Account
- Pro Account
In addition, a Demo and Islamic, Swap-Free Account is available. In addition, Notable factors and features include:
- Multiple Base Currencies
- Spreads from 0.0 Pips
- Bonus Offers and Promotions
- 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 a 30 USD Welcome Account.
CMC Markets
CMC Markets is a popular and well-established Forex and CFD Service provider. Regulations by acclaimed agencies include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts available are:
- CFD Account
- Spread Betting Account
- Corporate Account
In addition, a Demo Account is available. Moreover, no minimum deposit is required. Notable factors and features include:
- 10 Base Currencies, including GBP and EUR
- Multilingual Customer Support including English and French
- An Inactivity Fee is Charged
- Access to over 300 Currency Pairs
- Spreads from 0.3 Pips
- Leverage of up to 1:30
Trading instruments and products include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. CMC Markets support MetaTrader 4 and Next Generation. Additionally, a CMC Markets 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 access to the Next Generation Platform and impressive educational resources.
Pepperstone
Pepperstone is a Global Forex, CFD, and, Financial Services provider. License and Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Accounts available are:
- Standard Account
- Razor Account
In addition, Islamic, Swap-Free, and a Demo Account are available. The minimum deposit is AU$ 200. Notable Factors and FEatures include:
- 24/7 Customer Support
- USD and GBP Base Currencies
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 70 Currency Pairs
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 24/7 responsive and friendly customer service.
GO Markets
GO Markets is a reliable and robust Forex and CFD broker. Regulations by acclaimed and trusted agencies include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC. Accounts available are:
- Standard Account
- GO+ Account
In addition, a Demo Account is available. Notable Factors and Features include:
- Multiple Base Currencies, including AUD and EUR
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 50 Currency Pairs
- No Inactivity Fee is Charged
Trading instruments and Products 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 access to up-to-date educational resources.
Moneta Markets
Moneta Markets is a renowned Forex and CFD Service provider. License and Regulations include the FSCA, FSA Seychelles, CIMA, and, ASIC. Accounts available include:
- Direct STP Account
- Prime ECN Account
- Ultra ECN Account
Moreover, a Demo Account is available. Notable factors and features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Access to over 40 Currency Pairs
- 50 USD Minimum Deposit
- No inactivity Fee is charged
Trading instruments and Products 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 |
🚀 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 access to Competitive spreads and commissions.
Is Forex Trading Legal in Grenada?
Forex Trading in Grenada is Legal. However, Grenada has no exchange controls on foreign currencies and securities.
In Conclusion
Forex Trading is not a popular or regulated occurrence in Grenada. However, 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 | 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 Grenada, 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
- Tickmill Review
- CMC Markets Review
- Pepperstone Review
- GO Markets Review
- Moneta Markets Review
Forex Trading in Grenada is Legal.
Grenada has no exchange controls on foreign currencies and securities.
The Eastern Caribbean Dollar.
No Inactivity Fee is Charged.
Spreads from 0.0 Pips on the Pro and VIP Accounts.
A Commission Fee of 0.1% per Share is charged.
Pepperstone was established in 2010.
No Inactivity Fee is Charged.
Hedging and Scalping are supported.