6 Best Forex Brokers in the Solomon Islands
The 6 Best Forex Brokers in the Solomon Islands – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in the Solomon Islands.
In this in-depth guide, you will learn:
- The Best Forex Brokers in the Solomon Islands – a List
- Is Forex Trading Legal in the Solomon Islands Region?
- The Best Forex Brokers for Beginners and Foreigners
- Leading MT4 and MT5 Forex Brokers
- Low SBD Minimum Deposit Forex Brokers
and much, MUCH more!
6 Best Forex Brokers in the Solomon Islands – a Comparison
🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💴 Min. Deposit (SBD) |
🥇 XTB | 👉 Click Here | ✅Yes | None |
🥈 Admirals | 👉 Click Here | ✅Yes | 211,36 |
🥉 FXCM | 👉 Click Here | ✅Yes | 422,72 |
🏅 Moneta Markets | 👉 Click Here | ✅Yes | 422,72 |
🎖️ GO Markets | 👉 Click Here | ✅Yes | 1690,89 |
🏆 Pepperstone | 👉 Click Here | ✅Yes | 1127,65 |
6 Best Forex Brokers in the Solomon Islands (2024)
- ☑️ XTB – Overall, the Best Forex Broker in the Solomon Islands
- ☑️ Admirals – Low SBD Minimum Deposit
- ☑️ FXCM – Best Overall Trading Experience
- ☑️ Moneta Markets – Best Online Trading Experience
- ☑️ GO Markets – Best Mobile Trading Platform
- ☑️ Pepperstone – High User Trust Score
XTB
XTB is a highly regulated and well-established Forex and CFD Broker. Regulations by renowned and trusted agencies include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Account Options include:
- Standard Account – Ideal for Novice and Casual Traders
- Islamic, Swap-Free – Idealf for Muslim Traders
Moreover, a Demo Account is available. The xStation 5 and xStation mobile Platforms are supported. Notable Factors and FEatures include:
- Multiple Base Currencies, including USD, EUR, and, GBP
- Spreads from 0.5 Pips
- Leverage of Up to 1:500
- Access to over 50 Currency Pairs, including Major, Minor, and Exotic Pairs
- An Inactivity Fee is Charged
Trading instruments and Products include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs.
🔍 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 commission-free trading on genuine stocks and ETFs, in-depth market research, and, narrow spreads on main currency pairs.
Admirals
Admirals or Admiral Markets is a well-regulated, trusted, and popular Forex and CFD Broker. Regulations by renowned and trusted agencies include the FCA, ASIC, CySEC, JSC, FSCA, FSA, and, the CMA. Account and Trading Platform Combinations are:
- Trade.MT4 and Zero.MT4 Accounts with MetaTrader 4 integration
- Trade.MT5, Invest.MT5, and, Zero.MT5 Accounts with MetaTrader 5 integration
- Bets.MT5 Account with MT5 Integration (Available in the UK Only)
Additionally, Islamic, Swap Free, and Demo Account Options are available. In addition, Notable Factors and Features include:
- Bonus Offers and Promotions
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Access to Over 80 Currency Pairs
- A Low 25 Minimum Deposit
Trading instruments and Products include ESG, Forex, Crypto CFDS, Indices, Stocks, ETFs, and, Bonds. Moreover. Scalping and Hedging are supported.
🔎Broker | 🥇Admirals |
💴Minimum Deposit | 25 USD |
🎉Established Year | 2001 |
⏰Support Hours | 24/5 |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, Admirals App |
📈Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Islamic Account | Inactivity fee |
Free Deposit and Withdrawal | No 24/7 customer service |
Our Insights
The benefits of trading with Admirals include a large range of financial instruments for trade and zero-pip spreads on select accounts and instruments.
FXCM
FXCM is a highly respected Forex and CFD Broker. License and Regulations include the FCA, ASIC, CySEC, and, the FSCA. Account options available include a CFD, Islamic, and Demo Option. Supported Trading Platforms include Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and, ZuluTrade.
Moreover, a Proprietary Mobile App is available for Download. In addition, Notable Factors and Features include:
- Spreads from 0.2 Pips
- Leverage of up to 1:400 (Depending on Region)
- Access to over 40 Currency Pairs
- A 50 USD Minimum deposit
Trading instruments and Products include Forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and, Stock Baskets.
🔍 Broker | 🥇 FXCM |
💵 Minimum Deposit | 50 USD |
4️⃣ Ease of Use Rating | 4/5 |
🎁 Bonuses | ✅ Yes |
🕰️ Support Hours | 24/5 |
🚀 Open an Account | 👉 Click Here |
Pros and Cons
✅ Pros | ❌ Cons |
Multitude of educational materials | High Currency conversion fees |
Multiple Account Types | Narrow asset portfolio |
24-hour multilingual customer | Limited Trading Platforms |
Our Insights
The benefits of trading with FXCM include access to excellent educational resources, multiple account types, and trusted customer support.
Moneta Markets
Moneta Markets is a popular Forex and CFD Brokerage. Regulations by renowned and trusted agencies include the FSCA, FSA Seychelles, CIMA, and, ASIC. Account Options include:
- Direct STP Account – Ideal for beginners and casual traders
- Prime ECN Account – Ideal for experienced traders
- Ultra ECN Account – Ideal for scalpers and professional traders
In addition, a Demo Account is available. Supported Trading Platforms include PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader. Notable factors and features include:
- 10 Base Currencies, including SGD and HKD.
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Access to Over 40 Currency Pairs
- No Inactivity Fee is Charged
Trading instruments and Products include Forex, Commodities, Indices, Shares, ETFs, Bonds, and, Cryptocurrencies.
🔎 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 access to more than 1,000 tradable assets, Multilingual support, and, Competitive spreads.
GO Markets
GO Markets is a reliable and robust forex and CFD broker. Regulations by renowned and trusted agencies include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC. Account options available are:
- Standard Account – Ideal for casual retail traders.
- GO+ Account – Ideal for scalpers, day, and algorithmic traders.
Additionally, a Demo Account is available. Supported Trading Platforms include MetaTrader 4, MetaTrader 5, and, cTrader. Notable factors include:
- Several Base Currencies, including EUR, GBP, and, CHF
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 50 Currency Pairs
- Multiple Educational Resources
- A Commission Fee is Charged
Trading instruments and Products include Forex, Shares, Indices, Metals, Commodities, and, Cryptocurrencies.
🔎 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 multiple security measures including the Segregation of Client funds.
Pepperstone
Pepperstone is amongst the highest regulated and trusted Forex and CFD services providers. License and Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Accounts Offered are:
- Standard Account – Suited to All traders
- Razor Account – Suited to Scalpers, Day traders, and, Automatic traders
Moreover, Demo and Islamic, Swap-Free Trading are supported. Trading Platforms on offer are TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. Notable Factors and Features include:
- Leverage of up to 1:500 on the Pro Account
- Access to over 70 Currency Pairs
- Dedicated 24/7 Customer Support
- USD and GBP Base Currencies
Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs.
🔎 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 |
Great customer service | Limited Trading Platforms |
Low forex fees | High Overnight Fees |
Our Insights
The benefits of trading with Pepperstone include responsive and friendly customer service, impressive educational content, and, easy account setup.
Is Forex Trading Legal in the Solomon Islands?
Forex Trading in the Solomon Islands and well-regulated by the country’s Central Bank.
In Conclusion
The popularity of Forex Trading in the Solomon Islands has seen a rise amongst young professionals. Moreover, it is well-governed by the Central Bank of Solomon Island. In addition, several Globally Regulated 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 | 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 the Solomon Islands, 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 Solomon Islands and well-regulated by the country’s Central Bank.
The Central Bank of Solomon Island.
The Solomon Islands Dollar (SBD).
No Minimum Deposit is required.
Admirals offers 24/5 Customer Support.
A 50 USD Inactivity Fee is charged after 12 Months of Inactivity.
Moneta Markets offers leverage of up to 1:1000.
Over 50 Currency Pairs including Minor, Major, and, Exotic Pairs.
The Pepperstone Minimum Deposit is AU$ 200.