6 Best Forex Brokers in Dominica
Last Update: June 26th, 2024
The 6 Best Forex Brokers in Dominica – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Dominica.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Dominica – a List
- Is Forex Trading Legal in Dominica?
- The Best Forex Brokers for Beginners and Foreigners
- Leading MT4 and MT5 Forex Brokers
- Low XCB Minimum Deposit Forex Brokers
and much, MUCH more!
6 Best Forex Brokers in Dominica – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit |
| 🥇 IC Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🥈 Tickmill | 👉 Click Here | ✅Yes | 100 USD |
| 🥉 FP Markets | 👉 Click Here | ✅Yes | AU$ 100 |
| 🏅 GO Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🎖️ Pepperstone | 👉 Click Here | ✅Yes | AU$ 200 |
| 🥇 Moneta Markets | 👉 Click Here | ✅Yes | 50 USD |
6 Best Forex Brokers in Dominica (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in Dominica
- ☑️ Tickmill – Best Overall Trading Experience
- ☑️ FP Markets – The Best MT 4 Forex Broker
- ☑️ GO Markets – The Best MT 5 Forex Broker
- ☑️ Pepperstone – Leading Broker for Established Traders
- ☑️ Moneta Markets – The Best Forex Broker for Beginners
IC Markets
IC Markets is a globally recognized Forex and CFD Broker licensed and regulated by ASIC, CySEC, FSA, and, the SCB. Account available includes cTrader, Raw Spread, Standard, Islamic, and, Demo Options. Notable factors and features include:
- 24/7 Multilingual Customer Support
- Copy and Social Trading via Multiple Platforms
- Multiple Base Currencies, including AUD, USD, and, JPY
- Over 60 Currency Pairs
- Spreads from 0.0 Pips
- Scalping and Hedging are Offered
- The Standard Account is Commission Free
Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.
| 🔎 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 Demo Account with a virtual balance of 5,000,000 USD.
Tickmill
Tickmill is a prominent CFD and Forex Services provider catering to Beginners and Professional Traders. Regulations include Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Pro, Classic, VIP, Demo, and, Islamic, Swap-Free Account Options are available. Notable Factors and features include:
- 100 USD Minimum Deposit
- Leverage of up to 1:500
- Access to over 60 Currency Pairs
- Leverage of up to 1:500
- Scalping and Hedging are Offered
- 24/5 Customer Support
Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and ETFs. Trading Platforms supported are MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Tickmill Mobile App is available.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
The Benefits of trading with Tickmill include access to multiple account options, trading platforms, and, trusted deposit options. Moreover, Withdrawals are completed in a timely fashion.
FP Markets
FP Markets is an impressive Forex and CFD Brokerage. License and Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC. Account Types available are Standard, Raw, Islamic Standard, Islamic Raw, and Demo Options. Notable factors and features include:
- The Minimum deposit for all accounts is AU$ 100.
- Scalping and Hedging
- Leverage of up to 1:500
- 24/7 Multilingual Customer Support
- Client Fund Segregation
- No Deposit Fee is Charged on Selected Options
Trading instruments and Products include MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. Moreover, an FP Markets mobile app is available. Trading instruments and Products include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds.
| 🔎 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 Multilingual Customer Support and Impressive Educational Resources.
GO Markets
GO Markets is a highly regulated, global Forex and CFD services provider. License and Regulations include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC. Accounts available are Standard and GO+ Plus Accounts. Notable factors and features include:
- The Minimum deposit is 200 USD.
- Leverage of up to 1:500
- 24/5 Customer Support
- Access to over 50 Currency Pairs
- An Affiliate Program
- Scalping and Hedging are Offered
- Client Fund Segregation
Supported Trading Platforms include MetaTrader 4, MetaTrader 5, and, cTrader. 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 Trusted Deposit Options, including Neteller, Skrill, Bank Wire Transfer, and Credit Cards.
Pepperstone
Pepperstone is a trustworthy and highly regulated Forex and CFD Broker. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Account Options include Standard, Razor, Islamic, and Demo Options. The minimum deposit is AU$ 200. Notable Factors and Features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- 24/7 Customer Support
- USD and GBP Base Currencies
- Access to over 70 Currency Pairs
- TradingView Integration
Supported Trading Platforms include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. 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 |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include access to responsive and dedicated Customer Support.
Moneta Markets
Moneta Markets is a comprehensive Forex and CFD broker regulated by several renowned agencies. Regulations include the FSCA, FSA Seychelles, CIMA, and, ASIC. Notable factors and features include:
- Access to over 40 Currency Pairs
- No Inactivity Fee is Charged
- Multilingual Customer Support
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
Direct STP, Prime ECN, and Ultra ECN Accounts are available. In addition, a Virtually funded Demo Account is available. Moneta Markets supports PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader.
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 Competitive spreads and commissions.
Is Forex Trading Legal in Dominica?
Forex Trading in Dominica is legal and available to citizens and residents without restriction. Moreover, it falls under the regulatory authority of the Financial Service Unit.
In Conclusion
Forex Trading in Dominica is Legal and governed by the Financial Service Unit. Moreover, 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 Dominica, 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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Forex Trading in Dominica is legally available to citizens and residents without restriction. Moreover, it falls under the regulatory authority of
The Financial Service Unit.
The Eastern Caribbean Dollar (XCB).
Responsive and Multilingual Customer Support is available 24/7.
A commission Fee is charged on the Prime ECN and Ultra ECN Accounts.
No Inactivity Fee is Charged.
FP Markets does not Charge a Deposit Fee on select Options.
Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.
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