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6 Best Forex Brokers in the Bahamas

Forex Brokers 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 Bahamas

 

6 Best Forex Brokers in the Bahamas – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Traders in the Bahamas💷 Min. Deposit (BSD)
🥇 AvaTrade👉 Click Here✅Yes101,26
🥈 FXPro👉 Click Here✅Yes101,26
🥉 Saxo👉 Click Here✅YesNone
🏅 IC Markets👉 Click Here✅Yes202,51
🎖️ Interactive Brokers👉 Click Here✅YesNone
🥇 XTB👉 Click Here✅YesNone

 

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 Review New

 

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 Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage 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 Review

 

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
💴 Minimum Deposit100 USD
💵 Inactivity FeeNone
💶 Fees and CommissionsSpreads from 0.0 pips, commissions from $7 per round turn on Forex
🤝 Affiliate Program✅Yes
🌎 Banned CountriesThe United States, Canada, Iran
📈 Scalping✅Yes
📉 Hedging✅Yes
5️⃣ Ease of Use Rating4/5
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

FxPro

 

Pros and Cons

 

✅Pros❌Cons
MetaTrader 4 and 5Basic FXPro App
cTrader accountsCommissions on cTrader accounts

 

Our Insights

The benefits of trading with FxPro include access to advanced courses for experienced traders.

 

Saxo Bank

 

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
📈 Ease of Use4/5
📉 Support Hours24/5
📊 Trading PlatformsSaxoTraderGO, SaxoTraderPRO
💹 Account TypesClassic, Platinum, VIP
💴 Base Currencies18 currencies
🅰️ SpreadsFrom 0.4 pips
🅱️ Leverage1:30
💸 Currency Pairs185+
💳 Minimum Deposit0 USD
🚫 Inactivity FeeNone
⚙️ Website LanguagesEnglish, Danish, French, etc.
💰 Fees and CommissionsSpreads from 0.4 pips; commissions from $0 on Mutual Funds
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States
📈 Scalping✅Yes
📉 Hedging✅Yes
📊 Trading InstrumentsForex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

 

✅ Pros❌ Cons
Instructional resourcesHigh Fees when Compared
Multiple Trading PlatformsFutures and options - complicated cost structures

 

Our Insights

The benefits of trading with Saxo include access to narrow spreads and detailed market research.

 

IC Markets Review

 

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
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

 

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insights

The benefits of trading with IC Markets include Multilingual Customer Support and Educational Resources.

 

Interactive Brokers Review

 

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. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

Established Traders will best benefit from the large number of proprietary offerings available.

 

XTB Review

 

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
💵 Minimum Deposit0 USD
5️⃣ Ease of use Rating5/5
🎁 Bonuses✅ Yes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

XTB

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

The benefits of trading with XTB include multiple trusted deposit options and impressive customer support.

 

Forex in the Bahamas

 

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).

 

Is Forex Trading Legal in the Bahamas?

 

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.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit 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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FAQs

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.