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6 Best Forex Brokers in Jamaica

Forex Brokers Jamaica

 

The 6 Best Forex Brokers in Jamaica – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Jamaica.

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Jamaica – a List
  • Is Forex Trading Legal in Jamaica?
  • Which Broker is best for Trading in Jamaica?
  • Is Exness available in Jamaica?
  • The Best Forex Brokers for Beginners

 

and much, MUCH more.

 

6 Best Forex Brokers in Jamaica

 

6 Best Forex Brokers in Jamaica – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Traders in Jamaica💷 Min. Deposit (JMF)
🥇 Moneta Markets👉 Click Here✅YesJA$ 7823,90
🥈 IC Markets👉 Click Here✅YesJA$ 31295,58
🥉 Pepperstone👉 Click Here✅YesJA$ 20620,66
🏅 FP Markets👉 Click Here✅YesJA$ 10310,33
🎖️ Octa👉 Click Here✅YesJA$ 3911,95
🥇 XM👉 Click Here✅YesJA$ 782,39

 

6 Best Forex Brokers in Jamaica (2024)

 

  1. ☑️ Moneta Markets – Overall, the Best Forex Broker in Jamaica
  2. ☑️ IC Markets – The Best Overall Trading Experience
  3. ☑️ Pepperstone – Award Winning Mobile App
  4. ☑️ FP Markets – Popular Forex Broker for Beginners
  5. ☑️ Octa – Low JA$ Minimum Deposit
  6. ☑️ XM – Best Online Trading Experience

 

Moneta Markets Review

 

Moneta Markets

Moneta Markets is a highly regulated and trusted Forex and CFD Service provider. Regulations by renowned agencies include FSCA, FSA Seychelles, CIMA, and, ASIC. Accounts available are Direct STP, Prime ECN, and, Ultra ECN. The minimum deposit is 50 USD. In addition, notable Factors and Features to consider include:

 

  • 4/5 Ease of Use Rating
  • 24/5 Customer Support
  • Occasional Bonus Offers and Promotions
  • Several Base Currencies including AUD, AUD, and, SGD
  • Spreads from 0.0 Pips
  • Leverage of up to 1:1000
  • Over 40 currency pairs, including Major, Minor, and, Exotic Pairs
  • No Inactivity Fee is Charged

 

Trading Instruments include Forex, Commodities, Indices, Shares, ETFs, Bonds, and, Cryptocurrencies. Moneta Markets supports PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader.

 

🔎 Broker🥇 Moneta Markets
📈 Established Year2019
📉 Regulation and LicensesFSCA, FSA Seychelles, CIMA, ASIC
📊 Ease of Use Rating4/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsPRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App
📌 Account TypesDirect STP, Prime ECN, Ultra ECN
💴 Base CurrenciesAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL
📍 SpreadsFrom 0.0 pips
💹 Leverage1:1000
💵 Currency Pairs44; major, minor, and exotic pairs
💶 Minimum Deposit50 USD
💷 Inactivity FeeNone
🔊 Website LanguagesEnglish, French, German, Spanish, Vietnamese, Thai, Russian, Arabic, Portuguese, Chinese, etc.
🪙 Fees and CommissionsSpreads from 0.0 pips, commissions from $6 round turn
🤝 Affiliate Program✅Yes
❎ Banned CountriesUnited States, Canada, Hong Kong
📈 Scalping✅Yes
📉 Hedging✅Yes
📐 Trading InstrumentsForex, commodities, indices, shares, ETFs, bonds, cryptocurrencies
🚀 Open an Account👉 Click Here

 

Moneta Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
1,000+ tradable assets, including forexSome account types may have volume constraints
Multilingual supportLimited Education

 

Our Insight

The Benefits of trading with Moneta Markets include multilingual customer support. Supported languages include English, French, German, and, Spanish.

 

IC Markets Review

 

IC Markets

IC Markets is a trusted and highly regulated Forex and CFD Broker. Regulations by renowned agencies include ASIC, CySEC, FSA, and, the SCB. Accounts include cTrader, Raw Spread, and,  Standard. The minimum deposit is 200 USD. In addition, notable Factors and Features to consider include:

 

  • 24/7 Customer Support
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • Access to over 60 Currency Pairs
  • Multilingual Customer Support
  • No Inactivity Fee is Charged
  • Access to an Affiliate Program

 

Trading Instruments 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

Copy and Social Trading is available via the Proprietary IC Social Platform.

 

Pepperstone Review

 

Pepperstone

Pepperstone is a highly regulated and trusted Forex, CFD, and, Financial Services provider. Regulations by renowned agencies include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB.  Accounts available are Standard and Razor. Moreover, a Demo Account is available. In addition, notable Factors and Features to consider include:

 

  • TradingView Integration
  • USD and GBP Base Currencies
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500 on the Pro Account
  • Access to over 70 Currency Pairs

 

Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Pepperstone supports TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.

 

🔎 Broker🥇 Pepperstone
💴 Minimum DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include real-time learning resources, including webinars and live market analysis.

 

FP Markets

 

FP Markets

FP Markets is a highly Trusted Forex and CFD Broker with a strong regulatory framework. Regulations by renowned agencies include ASIC, CySEC, FSCA, FSA, and, the FSC. Accounts available are Standard, Raw, Islamic Standard, and, Islamic Raw. Moreover, a Demo Account is available. In addition, notable Factors and Features to consider include:

 

  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • 24/7 Customer Support
  • Multilingual Customer Support
  • Access to an Affiliate Option

 

Trading Instruments include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds. FP Markets support MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. In addition, a Proprietary Mobile trading app is available.

 

🔎 Broker🥇 FP Markets
💴 Minimum DepositAU$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
💶 Currency PairsMajor, Minor, Exotic
📌 RegulationsASIC, CySEC, FSCA, FSA, FSC
5️⃣ Ease of Use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

FP Markets

 

Pros and Cons

 

✅ Pros❌ Cons
FP Markets is regulated in several regionsThere are limited instruments offered
MetaTrader, cTrader, and IRESS are availableresearch tools are not extensive
Tight SpreadsWithdrawal fees apply
There are low forex feesNo sign-up or no-deposit bonus

 

Our Insights

The benefits of trading with FP Markets include access to exceptional educational resources and trusted customer support.

 

OctaFX Review

 

Octa

Octa or OctaFX is a trustworthy and highly regulated Forex Broker with market-leading conditions. Regulations by renowned agencies include CySEC, MISA, and, the FSCA. Accounts available include OctaTrader, MetaTrader 4, and, MetaTrader 5. Moreover, a Demo Account is available. In addition, notable Factors and Features to consider include:

 

  • 24/7 Dedicated Customer Support
  • Spreads from 0.6 Pips
  • Leverage of up to 1:500
  • Commission Free Trading
  • Access to an Affiliate Program

 

Trading Instruments include Forex, Shares, Indices, Commodities, and, Cryptocurrencies. Octa supports MetaTrader 4, MetaTrader 5, and, OctaTrader. Moreover, a Proprietary Mobile App is available.

 

🔎 Broker🥇 Octa
💵 Minimum Deposit25 USD
4️⃣ Ease of Use Rating4/5
🎁 Bonuses✅Yes
🪙 Currency Pairs35, Major, Minor, Exotic Pairs
🚀 Open an Account
👉 Click Here

 

Octa

 

Pros and Cons

 

✅ Pros❌ Cons
Powerful trading platformsNo Tier-1 Regulations
Diverse set of trading instrumentsDemo Account expires after 30 Days

 

Our Insights

The benefits of trading with Octa include access to well-organized research, including trading ideas, daily updates, weekly predictions, and third-party material.

 

XM Review

 

XM

XM is a highly regulated Forex Broker specializing in Forex and CFD. Regulations by renowned agencies include the FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA. Accounts include Micro, Standard, Ultra-Low, and, Shares. Moreover, a Demo Account is available. In addition, notable Factors and Features to consider include:

 

  • Bonus Offers, Promotions, and, Competitions
  • 24/7 Customer Support
  • Multiple Base Currencies, including USD, EUR, and, GBP
  • Spreads from 0.6 Pips
  • Leverage of up to 1:1000

 

Trading Instruments include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks. XM supports MetaTrader 4 and MetaTrader 5. In addition, an XM Mobile App is available.

 

🔎 Broker🥇 XM
💴 Minimum Deposit$5 USD
🎁 Bonus Offers✅Yes
📈 Account TypesMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
⏰ Support Hours24/7
🆓 Demo Account✅Yes
🚀 Open an Account
👉 Click Here

 

XM Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Low Minimum depositNo social trading features available
Unlimited Demo AccountInactivity Fees

 

Our Insights

The benefits of trading with XM include access to impressive educational resources, including Webinars and Seminars.

 

Forex in Jamaica

 

Is Forex Trading Legal in Jamaica?

Forex Trading in Jamaica is Legal and well-regulated by the BOJ.

 

Is Forex Trading Legal in Jamaica?

 

In Conclusion

The popularity of Forex Trading in Jamaica has seen a notable rise amongst residents. In addition, it is well-regulated by the Bank of Jamaica. Moreover, several International 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 Jamaican 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 Jamaica is Legal and well-regulated by the BOJ.

The Bank of Jamaica (BOJ).

The Jamaican Dollar.

A Moneta Markets Affiliate Option is available.

No Inactivity Fee is charged.

VISA, MasterCard, Bank Transfer, and PayPal are accepted.

FP Markets provides instructional tools, demo accounts, and user-friendly platforms.

Octa offers a unique platform for social copy-trading.

XM offers 24/7 customer care in 30 languages.