Last Update: June 26th, 2024

 

The 7 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.

 

 

7 Best Forex Brokers in Jamaica – a Comparison

 

 

7 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. ☑️ HFM – High User Trust Score
4. ☑️ Pepperstone – Award Winning Mobile App
5. ☑️ FP Markets – Popular Forex Broker for Beginners
6. ☑️ Octa – Low JA$ Minimum Deposit
7. ☑️ XM – Best Online Trading Experience

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insight

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

HFM

HFM is a trusted and highly regulated Forex and CFD Broker. Regulations by acclaimed and trusted agencies include FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA. Accounts available include Cent, Premium, Zero, and Pro Options. Moreover, Islamic, Swap-Free, and Demo Accounts are available. Notable facts and features include:

 

• Occasional Bonus Offers and Promotions
• 24/5 Dedicated Customer Support
• Several Base Currencies, including USD, EUR, and ZAR
• Spreads from 0.0 Pips
• Leverage of up to 1:2000
• Access to over 50 Currency Pairs

 

Trading instruments and Products include Forex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, and ETFs. Moreover, HFM supports MT4 and MT5. In addition, a Proprietary Mobile App is available.

 

 

 

Pros and Cons

 

 

Our Insights

The benefits of trading with HF Markets include access to excellent educational resources, including Webinars and Seminars.

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

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.

 

 

 

Pros and Cons

 

 

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

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.

 

 

 

Pros and Cons

 

 

Our Insights

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

 

 

Is Forex Trading Legal in Jamaica?

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

 

 

In Conclusion

Forex Trading has seen a notable rise in popularity among Jamaican residents. It is well-regulated by the Bank of Jamaica, and several International Brokers accept local traders.

 

 

Our Insights

While reviewing the Best Forex Brokers that accept Jamaican Traders, we found 7 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:

 

• Moneta Markets Review
• IC Markets Review
• HF Markets Review
• Pepperstone Review
• FP Markets Review
• Octa Review
• XM Review