21 Best Forex Brokers in Trinidad and Tobago.
Finding the list of the Best Forex Brokers in Trinidad and Tobago and worldwide can be a difficult process, especially finding a list of trustworthy brokers who accept Trinbagonian traders and who allow these traders to invest in their currency, the Trinidad and Tobago Dollar (TTD ) .
Trinidad and Tobago is the southernmost island country in the Caribbean , best known for its fossil-fuel wealth and boasts a population of 1’39 Million Potential Forex Traders .
Here are our 10 Best Handpicked Forex Brokers in Trinidad and Tobago.
Trinidad and Tobago is the most developed nation and one of the wealthiest as the leading Caribbean producer of oil and gas. Forex Trading is allowed in Trinidad And Tobago as to conduct business, the currency must be exchanged . Forex is an essential part of both the import/export and investing internationally .
Here is an overview of the 21 Best Globally Regulated Forex Brokers and Trading Platforms that accept Trinbagonian investors .
ForexTime (FXTM)
FXTM was established in 2011 to offer Forex and CFD s and is highly regulated by the FSC of The Republic of Mauritius, the FCA of the UK, CySEC and licensed by FSCA of South Africa.
Standard and ECN Accounts are available with several subtypes. Under the Standard account, they offer the Standard, Cent and Shares Account types. ECN account sub-types are the ECN Zero account, FXTM Pro account and the ECN account. ECN accounts can be traded on MT4 and MT5 .
FXTM offers Local NGN Funding , through bank wire transfer or Neteller with a minimum deposit of US Dollar 100 for a standard forex account. This allows traders to start trading a range of currency markets while lowering the exchange costs when moving NGN currency to a standard base currency.
Customer support is available in 17 Languages via Live Chat, Phone, Telegram, Facebook and Twitter.
BlackBull Markets.
BlackBull Markets is a forex & CFD brokerage which is fully regulated by the New Zealand’s Financial Service Providers Register (FSPR). Trading instruments on offer include more than 20 foreign currency pairs , six major stock indices , and the popular commodities gold, silver , as well as WTI & Brent oil which can all be traded across either the classic MetaTrader 4 (MT4) or the newer MetaTrader 5 (MT5) platforms.
Customer support is available via phone or lives to chat, both of which are open 24 hours on all trading days.
Pepperstone.
Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC) , as well as the UK’s Financial Conduct Authority (FCA) .
Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free, and –
Boasts three top forex trading platforms :
MetaTrader 4 : Most Popular for Forex Trading MetaTrader 5 : Most Popular CFDs Trading Platform cTrader : Best Automated Trading Platform.
All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for 30 days.
Platform enhancements available for Pepperstone include:
A range of options for depositing funds is available, including Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.
Pepperstone offers 24/5 multiple language support via email, phone and live chat.
Tickmill.
Tickmill is a Forex and CFD broker with licences from the UK Financial Conduct Authority (FCA) , the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). Tickmill offers trading on 80+ markets covering Forex, Indices, Commodities and Bonds on the MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS.
Three main trading accounts called the Pro Account, Classic Account and VIP Account is on offer, each which offers different minimum balances, maximum leverage, spreads and commissions respectively. Demo trading and Islamic swap-free accounts are also made available.
Multilingual client service is available via Telephone, Email, Online Contact Form and Live Chat.
HotForex.
HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA .
The HotForex MT5 Terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar.
The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.
Hotforex’s Metatrader offers a fast order execution, news feed, multiple order types, support for EAs.
Key features include:
Supports: MT4, MT5 for desktop, web & mobile Minimum deposit: US Dollar 5 Leverage: 1:1000 Trading Instruments: Forex, Cryptocurrencies, CFDs on Stock Indices, Commodities, metals.
Customer support is available via phone and email.
OctaFX.
OctaFX is an online broker which was founded in 2011, offering Forex trading. As OctaFX is regulated by the Financial Conduct Authority (FCA) , each new client must pass a few basic compliance checks when signing up for an account.
OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.
OctaFX Trading benefits:
Allows scalping Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection.
OctaFX Trading Accounts Offered:
Demo account Micro account Mini account Standard account Zero spread account STP account Islamic account.
OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading. Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.
Alpari.
Alpari with its long-standing brand history, numerous offices, range of account types and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms. Alpari is regulated by the FSC .
Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker. The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.
Alpari offers traders more than 250 tradable assets to trade across Forex, Stocks, Indices, Metals, Cryptocurrencies and Futures on the MetaTrader suite of trading platforms.
In addition to a demo account , 4 more accounts are on offer. These 4 accounts are divided into standard accounts and enhanced accounts , which are known as ECN types . The standard account options are available as a basic option and are known as the MT4 MicroAccount and the standard MT4 account . The accounts more suited to experienced traders are the standard ECN account and the ECN Pro Account , which offer instant execution.
Customer Service is available via live chat, email and phone service.
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Leverage: 1:30 to 1:888 *Depends on the entity of the group.
Regulation: CySEC, ASIC, IFSC.
Min. Deposit: USUS Dollar 5.
HQ: Cyprus , Australia, Belize.
Platforms: MT4, MT5, XM WebTrader.
Founded in: 2009.
XM operates with clients from over 196 countries and offers support in 30 languages. The main branch located in Cyprus is regulated by CySEC . 1.5 Million Traders and investors choose XM and their wide range of XM trading products on offer. F our main account types are on offer – Micro, Standard, XM Ultra-Low Account and Shares Accounts . Traders can select the base currency of their preference from a large selection on offer. This range includes South African Rand (ZAR), Singapore Dollar (SGD) and other global currencies.
Customer Support is available via live chat, email and phone.
FXPro.
FXPro is an online broker which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies trading . FXPro is a global broker with a head office located in the UK . FxPro is regulated by CySEC and operates under the CIF license number 078/07 . As a CySEC regulated broker , FxPro is also a member of the Investor Compensation Fund scheme .
FXPro provides traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of US Dollar 100.
What can be traded with FXPro?
Over 250 instruments Over 70 currency pairs.
FXPro is one of the few brokers in the market who offers both of the MetaTrader platforms ; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.
FXPro Trading benefits include:
Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection.
With FXPro , the minimum and maximum trade requirements vary depending on the trader and the instrument chosen.
FxPro offers customer support 24 hours a day, 5 days a week via Live Chat, Telephone and Email in a variety of different languages including English, Spanish, French, Polish, Malay, Arabic, Chinese, Greek, Hungarian, Japanese, Korean, Russian, Thai, Vietnamese, Indonesian and others.
AvaTrade.
AvaTrade is an online broker founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.
Regulated by: Central Bank of Ireland, Australian Securities and Investment Commission ( ASIC ), Financial Services Authority ( FSA ), Financial Stability Board ( FSB ), British Virgin Islands Financial Services Commission ( BVI ) Headquarters: The British Virgin Islands Foundation year: 2006 Used: by over 200,000 traders.
Across all markets, MetaTrader 4 gives traders access to over 250 assets , 30 advanced charting tools , trading history, and other useful information. Customer support is available by email, phone, or live chat.
eToro.
eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK. eToro is supervised by the Financial Conduct Authority (FCA) , Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.
eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of US Dollar 200 and the platform can accommodate various levels of traders from beginner to expert. Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.
eToro trading accounts on offer include Demo, Micro, Mini, Standard, STP and Islamic. eToro supports a wide range of languages including English, German, Spanish, French, and Italian. 24/6 customer support is available via telephone and support ticket.
Admiral Markets.
Admiral Markets is an online broker which was founded in 2001 and offers Forex and CFDs trading, is globally recognized and has a head office based in the UK. Traders will need a minimum deposit of US Dollar 200 to start and can sign up for a demo account to in over 148 instruments and over 40 currency pairs .
Admiral Markets is authorised and regulated by the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Estonian Financial Supervision Authority (EFSA).
Admiral Markets Trading benefits include:
Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection.
Admiral Markets Trading Accounts Offered:
Demo account Micro account Mini account Standard account ECN account STP account.
Admiral Markets offers both of the MetaTrader platforms; MT4 and MT5 and mobile apps for Android and iOS . Admiral Markets offers multilingual customer support via Telephone, Live Chat and Email.
NordFX.
NordFX is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC) . NordFX offers Forex trading with specific accounts for each type of trader, including Zero accounts which offer spreads from 0 pips, while the Crypto account offers optimal cryptocurrency trading . Types of trading accounts are – Fix, Pro, Zero, and Stocks.
Trading instruments on offer ranges from more than 30 currency pairs , the popular precious metals gold & silver, 11 major cryptocurrency pairs , plus CFDs based on Brent oil and stock indices such as Dow Jones 30, S&P 500, DAX 30, NASDAQ 100, and NIKKEI 225.
NordFX offers customer support via Email, Telephone and a 24/5 Live Chat function plus an Online Contact Form available on their website.
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IQ Option.
IQ Option is a forex & binary options broker with offices based in the UK, Cyprus, and Seychelles, and regulated by the FCA and CySEC . IQ Option offers traders three trading account to choose from, Retail, Professional and Demo.
IQ Option offers the following underlying assets for FX trading .
90+ Currency Pairs Based on major and minor world currencies . 17 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, Zcash, Qtum, Cardano, OmiseGo, Stellar, EOS, IOTA, NEO, NEM, TRON . 5 Indices CFDs Based on baskets of different blue-chip stocks. 3 Metal CFDs Based on Gold , Silver and Platinum. 2 Energy CFDs Based on Crude Oil (WTI, Brent). 1 Soft CFD Based on Wheat. 130+ Stock CFDs Based on shares of US, UK and EU companies. 28+ ETF CFDs Based on exchange-traded funds containing various tradable assets.
IQ Option offers the following underlying assets for Binary Options trading (unfortunately, not available for EU residents).
30+ Currency Pairs Based on major and minor world currencies. 2 Indices BOs Based on DFMGI, TelAviv-25. 2 Metal BOs Based on Gold and Silver. 20+ Stock BOs Based on shares of US companies.
Payment methods accepted include all the usual options like VISA, MasterCard, Skrill and Neteller, plus a range of other online money transfer services, including AstroPay, Qiwi, and WebMoney. IQ Option’s trading platform is web-based and supports both binary options and forex & CFD trading within the same user interface.
Customer support is available 24/7 via email and local phone numbers in 13 countries.
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Axitrader.
Axitrader is an online broker which was founded in 2007 and offers Forex, CFDs and Social Trading , is a global broker and has a head office situated in Australia with no minimum deposit needed to get started plus a demo account is on offer. AxiTrader is authorized and regulated by the Australian Securities & Investments Commission ( ASIC ).
Axitrader can accommodate various levels of traders and offers the MT4 forex trading platform plus mobile apps for Android and iOS , respectively.
Axitrader Trading benefits include:
Allows scalping Allows hedging Offers STP Low min deposit.
Axitrader Trading Accounts on Offer include Demo, Micro, Mini, Standard, ECN, STP and Islamic and support is offered in a wide range of languages. Customer support is available via Phone, Live Chat and Email.
HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.
Traders starting with HYCM will need to make a minimum deposit of at least US Dollar 100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice.
a wide variety of instruments and currency pairs are available for trade:
Over 100 instruments Over 40 currency pairs.
HYCM Trading benefits:
Allows scalping Allows hedging Low min deposit.
HYCM Trading Accounts on offer include Demo, Micro, Mini, Standard and Islamic and the minimum and maximum trade requirements will vary depending on the trader and the instrument. HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.
IronFX.
IronFX is the trade name of Notesco Limited which is based in Bermuda, Regulated By ASIC, CySEC, FCA and offers a multi-asset class Forex and CFD trading experience with 7 different account types to trade on over 200 financial instruments which cover Forex, Metals, Indices, Commodities, Futures and Shares on the MetaTrader 4 trading platform for PC, Mac, Web, Android and iOS.
The 7 different account types on offer are: The Micro, Premium, VIP and Zero Fixed Accounts offer live floating/ fixed spreads . The No Commission, Zero Spread and Absolute Zero Accounts offer STP/ECN trading. A free demo trading account plus a swap-free account is also on offer. IronFX offers users the ability to trade on the MetaTrader 4 trading platform for PC, Mac and Web and mobile devices.
IronFX provides customer support 24/5 via email, live chat, a telephone support line and an FAQ section.
EasyMarkets.
EasyMarkets is one of the most popular choices for Beginners in Nigeria and is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:
Enhanced risk management tools as standard Fixed spreads on all forex pairings An easy to use forex trading platform.
EasyMarkets offers traders three key risk management tools which are ideal to those new to currency trading:
Standard, Premium, VIP and SuperVIP accounts are available, their minimum opening deposits are US Dollar 100, US Dollar 1 000, US Dollar 2 500, US Dollar 50 000 respectively. A demo account is also on offer. The available trading platforms offered are MT4 and the easyMarkets web platform.
Customer Support is available 24/5 via various chat channels, email, phone and web forms.
Roboforex.
Roboforex is an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading. RoboForex is authorized and regulated by the International Financial Services Commission ( IFSC ) with license number IFSC/60/271/TS.
When starting with Roboforex traders will need to make a minimum deposit of US Dollar 1 and there is an option available for a demo account for those who would like to get acquainted with the platform. Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs. Roboforex offers over 100 instruments and over 35 currency pairs in total.
Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders. Roboforex also offers mobile apps for Android and iOS.
Roboforex Trading benefits:
Allows scalping Allows hedging Offers STP Low min deposit.
Roboforex Trading Accounts include – Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic.
Customer support is available via phone, Webchat, Wechat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.
IC Markets.
IC Markets is a regulated Forex ECN and CFD broker which offers more than 236+ financial instruments across Forex, Commodities, Indices, Bonds, Cryptocurrency, Stocks and Futures on the MetaTrader 4, MetaTrader 5 and cTrader platforms for desktop, web and mobile. IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) , the Cyprus Securities and Exchange Commission (CySEC) , as well as the Seychelles Financial Services Authority (FSA) .
IC Markets offers traders three main types of live trading accounts to choose from, including Raw Spread (cTrader), Raw Spread (MetaTrader) and the Standard Account (MetaTrader). Islamic swap-free accounts and the use of a free demo trading account is also on offer.
Customer support is available 24/7 via Live Chat, Phone and Email.
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FXPrimus.
FXPrimus is an online broker founded in 2009 offering Forex trading, and Social Trading,
and is a global broker with a head office in Cyprus.
Regulated by: Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Used by over 10,000 traders.
FXPrimus has won numerous industry awards over the 11 years a wide variety of instruments and trading currency pairs. FXPrimus offers over 125 different instruments to trade , including over 43 currency pairs .
Trading Features: Accounts offered: Funding methods: Allows scalping Demo account Credit cards Allows hedging Micro account Bank Transfer Offers STP Mini account Payoneer Low min deposit Standard account Neteller ECN account Managed account Islamic account.
Customer Support is available via email, webform, phone and live chat.
Conclusion.
There are thousands of Forex brokers around the world, and Trinidad and Tobago residents can register and trade with each of them. Many Forex brokers may appear similar but there are understated differences that make each broker uniquely suitable for a different type of trader.