6 Best Forex Brokers in the Dominican Republic
Last Update: June 26th, 2024
The 6 Best Forex Brokers in the Dominican Republic – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in the Dominican Republic.
In this in-depth guide, you will learn:
- The Best Forex Brokers in the Dominican Republic – a List
- Is Forex Trading Legal in the Dominican Republic?
- The Best Forex Brokers for Beginners and Foreigners
- Leading MT4 and MT5 Forex Brokers
- Low DOP Minimum Deposit Forex Brokers
and much, MUCH more!
6 Best Forex Brokers in the Dominican Republic
– a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit (DOP) |
| 🥇 IC Markets | 👉 Click Here | ✅Yes | RD$ 11807,71 |
| 🥈 Tickmill | 👉 Click Here | ✅Yes | RD$ 5903,85 |
| 🥉 FP Markets | 👉 Click Here | ✅Yes | RD$ 3937,57 |
| 🏅 GO Markets | 👉 Click Here | ✅Yes | RD$ 11807,71 |
| 🎖️ Pepperstone | 👉 Click Here | ✅Yes | RD$ 7875,15 |
| 🥇 Moneta Markets | 👉 Click Here | ✅Yes | RD$ 2951,93 |
6 Best Forex Brokers in the Dominican Republic (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in the Dominican Republic
- ☑️ Tickmill – Best Overall Trading Experience
- ☑️ FP Markets – The Best MetaTrader Forex Broker
- ☑️ GO Markets – The Best Mobile Trading Experience
- ☑️ 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. License and Regulations include ASIC, CySEC, FSA, and, the SCB. Live Trading Accounts include cTrader, Raw Spread, Standard, and, Islamic. Moreover, a Demo Account is available.
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.
Several trusted funding options are available, including Credit Cards, Debit Cards, PayPal, Neteller, and FasaPay. In addition, impressive educational resources and 24/7 Customer Support are available.
| 🔎 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
IC Markets suits all levels of traders with a large selection of account types and trading platforms.
Tickmill
Tickmill is an impressive CFD and Forex Services provider. Regulations include the Seychelles FSA, FCA, CySEC, Labuan FSA, and the FSCA. Pro, Classic, VIP, Demo, and Islamic Swap-Free Account Options are available.
Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and ETFs. MetaTrader 4 and MetaTrader 5 are supported trading platforms. In addition, a Proprietary Tickmill Mobile App is available.
Deposit Options supported include Bank Transfers, Crypto Payments, Skrill, Neteller, and, FasaPay. In addition, educational resources and 24/5 Customer Support 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
Tickmill is a prominent CFD and Forex Services provider catering to Beginners and Professional Traders.
FP Markets
FP Markets is an impressive Forex and CFD Brokerage. Regulations by acclaimed and trusted agencies include ASIC, CySEC, FSCA, FSA, and the FSC. Account Types available are Standard, Raw, Islamic Standard, Islamic Raw, and Demo 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.
Several Deposit Options are accepted, including Neteller, FasaPay, SticPay, and Skrill. Moreover, educational resources and 24/7 Customer support are available.
| 🔎 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 24/7 Multilingual Customer Support. Languages supported include English, Arabic, German, Portuguese, Vietnamese, Indonesian, French, Malay, Italian, and Russian.
GO Markets
GO Markets is a well-regulated and trusted Forex and CFD Broker. Regulations by acclaimed and trusted agencies include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC. Accounts available are Standard and GO+ Plus Accounts.
Supported Trading Platforms include MetaTrader 4, MetaTrader 5, and cTrader. Trading instruments and Products include Forex, shares, indices, metals, commodities, and cryptocurrencies.
Accepted deposit options include Credit Cards, Debit Cards, Skrill, Neteller, and, Bank Wire Transfers. Moreover, Educational Resources and 24/5 Customer Support is available.
| 🔎 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 educational resources. These include Webinars, News, Analysis, and Interviews with industry professionals.
Pepperstone
Pepperstone is a trusted and highly regulated Forex and CFD Broker. Its regulators include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and the SCB. Account Options include Standard, Razor, Islamic, and Demo Options.
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.
Accepted Deposit Options include Visa, Mastercard, Bank Transfer, and Neteller. Educational resources available include several educational videos, webinars, and seminars.
| 🔎 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 dedicated Customer Support.
Moneta Markets
Moneta Markets is a well-established, Regulated, and trusted Forex and CFD Broker. Regulations include the FSCA, FSA Seychelles, CIMA, and ASIC.
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. Accepted deposit options include Bank Wire Transfers, Credit Cards, Debit Cards, and FasaPay. In addition, educational resources and 24/5 Customer support are offered.
| 🔎 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 Copy and Social trading via multiple platforms.
Is Forex Trading Legal in the Dominican Republic?
Forex Trading in the Dominican Republic is Legal and available without restriction. Moreover, it falls under the regulatory authority of the Monetary Board and Central Bank.
In Conclusion
Forex Trading in the Dominican Republic is Legal and governed by the Monetary Board and Central Bank. In addition, 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 the Dominican Republic, 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:
Forex Trading in the Dominican Republic is Legal and available without restriction.
The Monetary Board and Central Bank.
The Dominican Peso.
IC Markets was established in 2007.
Tickmill supports MetaTrader 4 and MetaTrader 5.
FP Markets offers 24/7 Customer Support.
Regulations include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC.
Pepperstone offers 24/7 Customer Support.
Moneta Markets supports Copy Trading via CopyTrader.
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