7 Best Forex Brokers in Jamaica
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
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Traders in Jamaica | 💷 Min. Deposit (JMF) |
| 🥇 Moneta Markets | 👉 Click Here | ✅Yes | JA$ 7823,90 |
| 🥈 IC Markets | 👉 Click Here | ✅Yes | JA$ 31295,58 |
| 🥉 HFM | 👉 Click Here | ✅Yes | None |
| 🏅 Pepperstone | 👉 Click Here | ✅Yes | JA$ 20620,66 |
| 🎖️ FP Markets | 👉 Click Here | ✅Yes | JA$ 10310,33 |
| 🥇 Octa | 👉 Click Here | ✅Yes | JA$ 3911,95 |
| 🥈 XM | 👉 Click Here | ✅Yes | JA$ 782,39 |
7 Best Forex Brokers in Jamaica (2024)
- ☑️ Moneta Markets – Overall, the Best Forex Broker in Jamaica
- ☑️ IC Markets – The Best Overall Trading Experience
- ☑️ HFM – High User Trust Score
- ☑️ Pepperstone – Award Winning Mobile App
- ☑️ FP Markets – Popular Forex Broker for Beginners
- ☑️ Octa – Low JA$ Minimum Deposit
- ☑️ 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.
| 🔎 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 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.
| 🔎 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
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.
| 🔎 Broker | 🥇 HFM |
| 💴 Minimum Deposit | $0 |
| 📌 Regulation and Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Top-tier Regulation | Regional constraints |
| Segregated Accounts for Client Funds | Inactivity fees |
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.
| 🔎 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 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.
| 🔎 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 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.
| 🔎 Broker | 🥇 Octa |
| 💵 Minimum Deposit | 25 USD |
| 4️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅Yes |
| 🪙 Currency Pairs | 35, Major, Minor, Exotic Pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Powerful trading platforms | No Tier-1 Regulations |
| Diverse set of trading instruments | Demo 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
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 Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| ⏰ Support Hours | 24/7 |
| 🆓 Demo Account | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum deposit | No social trading features available |
| Unlimited Demo Account | Inactivity Fees |
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.
| 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 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
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.
24/5 Customer Support is Available
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