We found 11 online brokers that are appropriate for Trading Barbados.
We've collected thousands of datapoints and written a guide to help you find the best Barbados Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best barbados brokers below.
When trading in Barbados you will need to know what your options with your Barbados trading broker are.
We list below the trading account types available in Barbados. If you are looking for brokers in Barbados that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Barbados broker guide will explain the things you should check and be aware of before you invest.
Forex trading is growing in popularity in Barbados. The volume of Forex traded in Barbados has increased year on year over the last five years.
Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.
Advances in online technology, higher internet coverage in Barbados and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.
Their is a misconception that trading Forex on the financial market in Barbados is considered unsafe. This is not the case, Forex trading in Barbados is very active.
Trading in Forex is allowed in Barbados as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Barbados Forex trading is not banned, their are many international online brokers offering favourable trading conditions.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Barbados the trader should make sure all taxes owed for a financial year are paid. Barbados taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Barbados. You should seek advice with a Barbados tax professional to ensure they are abiding by all proper tax laws in Barbados. In Barbados Islamic accounts do not have additional restrictions on trades.
Cryptocurrency markets in Barbados are relatively new and their availability are subject to local financial regulation. Because Cryptocurrency works on decentralised assets in Barbados things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Barbados for example.
Due to a large young population in Barbados with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Barbados. $6 billion USD worth of Bitcoin is traded daily around the world.
In Barbados commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Barbados since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Barbados are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Barbados here.
Barbados brokers support Islamic accounts or swap-free accounts. Barbados Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Barbados offer accounts that are suitable for Islamic traders. These Barbados brokers complies with Sharia law.
Barbados economy and population is growing. The middle class population in Barbados is increasing which means a growing consumer base. Many business and financial opportunities exist in Barbados. Barbados has a young population educated in technology and the internet.
Barbados digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Barbados guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. Barbados Brokers offering high leverage trades in Barbados can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Barbados brokers offer as a level of protection. you can learn more about further below on this guide.
There are a number of important factors to consider when picking an online Barbados trading brokerage.
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable Barbados broker if you wish your broker to be 100% local check they are governed and regulated by the below.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Barbados Brokers (BB).
Compare Barbados Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are barbados brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more barbados brokers that accept barbados clients
Broker |
IC Markets
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XTB
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AvaTrade
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Roboforex
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Pepperstone
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XM
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FP Markets
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Trading212
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Plus500
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NordFX
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EasyMarkets
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locality | IC Markets accept Barbados clients | XTB accept Barbados clients | AvaTrade accept Barbados clients | Roboforex accept Barbados clients | Pepperstone accept Barbados clients | XM accept Barbados clients | FP Markets accept Barbados clients | Trading 212 accept Barbados clients | Plus500 accept Barbados clients | NordFX accept Barbados clients | easyMarkets accept Barbados clients |
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
Min Deposit | 200 | No minimum deposit | 100 | 1 | 200 | 5 | 100 | 1 | 100 | 1 | 100 |
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Used By | 180,000+ | 250,000+ | 300,000+ | 10,000+ | 89,000+ | 3,500,000+ | 10,000+ | 15,000,000+ | 15,500+ | 10,000+ | 142,500+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with roboforex |
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Up with pepperstone |
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Up with xm |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with nordfx |
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Up with easymarkets |
Risk Warning | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | Your capital is at risk | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk |
Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
NordFX Demo |
easyMarkets Demo |
Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE, AU | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY | US, JP, NZ | US, CA | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | No | US |
You can compare Barbados Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Barbados Brokers for 2022 article further below. You can see it now by clicking here
We have listed top Barbados brokers below.