Last Update: June 26th, 2024

 

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

 

 

6 Best Forex Brokers in the Bahamas (2024)

 

1. ☑️ AvaTrade – Overall, the Best Forex Broker in the Bahamas
2. ☑️ FxPro – Best MetaTrader 4 and MetaTrader 5 Forex Broker
3. ☑️ Saxo – Best Overal User Experience
4. ☑️ IC Markets – Popular Forex Broker for Beginners
5. ☑️ Interactive Brokers – Best Online Trading Experience
6. ☑️ 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

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

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.

 

You might also like:

 

• AvaTrade Review
• FxPro Review
• Saxo Review
• IC Markets Review
• Interactive Brokers Review
• XTB Review