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Compare Top 6 Best Forex Brokers in Jamaica for 2025
In this guide
Our expert panel tested all the best forex brokers in Jamaica and rated their features according to 8 key criteria, including regulatory status, the range of currency pairs on offer, and overall trading experience.
The panel set out to answer the question: what’s the best forex trading app in Jamaica for Jamaican users?
Read our verdict for Jamaica below to compare the best forex trading platforms.
What is the best forex broker in Jamaica?
Copy link to sectionOur experts rank IG Markets as the best forex broker in Jamaica.
The list below shows the three best Jamaican forex brokers. These are the top forex trading apps in Jamaica for their security, service, and support.
IG Markets
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Eightcap
AvaTrade
Top 6 online forex brokers Jamaica, reviewed
Copy link to sectionWe found 10 forex brokers for users based in
1. IG Markets: Best for trusted and transparent trading
Copy link to sectionOverview
We love IG because it’s one of the most established and reputable names in the online trading industry, known for its reliability, comprehensive market offerings, and strong regulatory compliance. IG offers CFD trading in stocks, forex, commodities, indices, ETFs and more, with plenty of useful plugins and integrations to improve the trading experience.
One of the key strengths of IG Markets is its seamless integration with MetaTrader 4 (MT4), a popular third-party trading platform favored by many traders for its advanced charting tools, automated trading capabilities, and custom indicators. This integration allows users to leverage MT4’s sophisticated features while benefiting from IG Markets’ competitive pricing, reliable execution, and extensive market access.
Beyond its product range and platform integrations, IG Markets stands out for its commitment to education and customer support. The company offers a wealth of educational resources, such as webinars, tutorials, and market analysis, which help traders of all levels improve their knowledge and skills.
The fees: For most assets, you don’t pay a trading fee but will be charged through the spread instead. That’s the difference between the buy and sell price of an asset. IG’s spreads are competitive but variable: you’ll pay a smaller spread on popular assets compared to less popular ones. Share trading works differently, and you’ll be charged a minimum fee on each trade of at least $15.
Highlights
No. of tradable assets | 17,000+ |
Min. Deposit | $0 |
ID verification required | Yes |
Free demo account | Yes |
Supported assets | Stock CFDs, ETFs, Forex CFDs, Crypto CFDs, Index CFDs, Commodities |
Mobile trading app | Yes |
Web trading platform | Yes |
Regulatory bodies | FSCA, MAS, FMA, ASIC, FCA, BaFin, FINMA, DFSA, BMA, CFTC, NFA |
Fees & Costs
Trading fees | Yes |
Inactivity fees | Yes |
Rollover/overnight fees | Yes |
Withdrawal fees | No |
Spreads | Yes |
Conversion fees | Yes |
Pros & Cons
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
2. Eightcap. Best online broker for choice of trading platform
Copy link to sectionOverview
We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors.
TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap a selection of over 200 crypto CFDs so there’s an excellent range to choose from. You can trade the biggest coins like BTC/USD and many altcoins like DOGE/USD.
The fees: Eightcap is a CFD broker and charges spread, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.
Highlights
No. of tradable assets | 800+ |
Min. Deposit | $100 |
ID verification required | Yes |
Free demo account | Yes |
Supported assets | Stocks, Crypto, Commodities, , Index prices |
Mobile trading app | Yes |
Web trading platform | Yes |
Regulatory bodies | ASIC, FCA, CySEC |
Fees & Costs
Trading fees | Yes |
Inactivity fees | No |
Rollover/overnight fees | Yes, on certain assets |
Withdrawal fees | Yes, for certain payment methods |
Spreads | Yes |
Conversion fees | Yes, currency dependent |
Pros & Cons
3. AvaTrade. Best regulated broker for secure trading
Copy link to sectionOverview
We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various crypto markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on many of the biggest cryptos including Bitcoin, Ethereum, Dogecoin, and more.
AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world.
AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology.
The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Crypto spreads start from 0.13%. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.
Highlights
No. of tradable assets | 1250+ |
Min. Deposit | $100 |
ID verification required | Yes |
Free demo account | Yes |
Supported assets | Stocks, Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Commodity CFDs, Index CFDs |
Mobile trading app | Yes |
Web trading platform | Yes |
Regulatory bodies | FSCA, FSA, ASIC, CBI, MiFID, CySEC, BVIFSC, FRSA |
Fees & Costs
Trading fees | No |
Inactivity fees | Yes |
Rollover/overnight fees | Yes |
Withdrawal fees | No |
Spreads | Yes |
Conversion fees | No |
Pros & Cons
4. Pacific Union. Best for social trading & customer support
Copy link to sectionOverview
We love Pacific Union because its beginner friendly platform comes loaded with lots of educational content, including how to guides and video learning. Pacific Union offers over 200 stock CFDs for some of the world’s biggest companies.
It’s an award-winning broker and has a proprietary social trading application that makes it easy for beginners to follow the strategies and positions of the platform’s top traders. Pacific Union uses the popular Metatrader 4 software alongside its mobile and web based apps. Traders can choose the amount of leverage they want to use, all the way up to 500:1.
The fees: Commission starting at 0.1 points is charged on select stock CFDs across all account types. Spread starts at 0.5 points and applies to all stocks. Swap charges for holding a trade overnight vary depending on size.
Highlights
No. of tradable assets | |
Min. Deposit | |
ID verification required | No |
Free demo account | No |
Supported assets | |
Mobile trading app | No |
Web trading platform | No |
Regulatory bodies |
Pros & Cons
5. Exness. Best for tight spreads and a pro-style trading experience.
Copy link to sectionOverview
We love Exness because of its tight spreads, which make it a top choice for traders looking to minimize trading costs and maximize profitability. The brokerage offers some of the most competitive spreads in the industry, especially on markets like crypto. Excess offers 35+ cryptocurrencies via CFDs from various markets including metals, energy, and agriculture.
Its focus on low trading costs is ideal for both newbies and experienced traders looking to trade with minimal overheads. Exness also stands out for its range of trading terminals. It offers MetaTrader 4, MetaTrader 5, and the Exness web terminal. There’s also a dedicated mobile app meaning you’ll be able to always access your account.
Beginners can take advantage of a free demo account or micro-lots for low minimum trades, while more experienced traders can use the hundreds of pre built indicators available on the MetaTrader suite.
The fees: Standard accounts aren’t charged a commission but are charged through the spread. Spreads start from 0.3 pips on stocks, 1 pip on forex trades, and 7 pips on cryptocurrencies. Overnight fees apply on some assets (exc. swap-free accounts).
Highlights
No. of tradable assets | 250+ |
Min. Deposit | From $10 |
ID verification required | Yes |
Free demo account | Yes |
Supported assets | Stocks, Crypto, Commodities, |
Mobile trading app | Yes |
Web trading platform | Yes |
Regulatory bodies | FSCA, FCA, CySEC, FSA, BVIFSC |
Fees & Costs
Trading fees | Standard accounts: no Professional accounts: yes |
Inactivity fees | No |
Rollover/overnight fees | Standard accounts: Yes, on some assets Islamic accounts: no |
Withdrawal fees | No |
Spreads | Yes |
Conversion fees | No |
Pros & Cons
How we chose the best Jamaica forex brokers
Copy link to sectionOur expert reviews panel is made up of currency traders with years of experience in the forex markets. It includes our Data Analyst, Dan Ashmore, Senior Editor of News, Jayson Derrick, and long-time forex trader, Prash Raval. The panel includes an independent fact checker, Richard Stutely.
Here are the 8 key criteria which the panel used to rate each platform.
- Regulation with a trusted financial institution. We only recommend forex brokers for beginners that are regulated in Jamaica and offer top-tier protection to their clients.
- Low minimum deposit requirements. An accessible forex trading platform in Jamaica, with a low minimum deposit, scored higher in our rankings.
- Mobile app availability. Our experts gave preference to the forex brokers in Jamaica with the best forex trading apps.
- Number of currency pairs available to trade. We expect Jamaica forex brokers to offer a comprehensive service where you can trade major, minor, and exotic currency pairs.
- Amount of leverage on offer. You need leverage to trade forex, so we looked for platforms that offered lots of leverage, within the limitations set by local Jamaican regulators.
- Tight spreads. We sought the best value for the average user. Small spreads mean a lower cost of trading.
- Lowest commissions and other fees. Our experts don’t like hidden fees and unexpected costs, so brokers with a clear fee structure performed well.
- Compatibility with trading software. Any Jamaican forex broker that offers integration with popular trading software like MetaTrader 4, MT5, or cTrader received a high rating.
More about the best forex trading platforms in Jamaica
Copy link to sectionWhich currency pairs can I trade in Jamaica?
Copy link to sectionYou can trade major, minor, and exotic pairs when you sign up for the best forex trading platform in Jamaica. The majors and minors refer to the largest and most popular currencies paired with each other, while the ‘exotics’ are everything else.
- Major pairs. The major pairs are made up of the US Dollar paired with the other most highly traded currencies. Major pairs include: USD/EUR, USD/GBP, USD/JPY, USD/CHF, USD/AUD, USD/NZD, and USD/CAD.
- Minor pairs. The minor pairs include at least one of the Euro, British Pound, or Japanese Yen paired with other large currencies, but do not include the US Dollar.
- Exotic pairs. Exotic pairs include a major currency ‘crossed’ with a developing currency. There are many exotic pairs but they include things like GBP/HUF, EUR/MXN, and JPY/ZAR.
What forex markets are available in Jamaica?
Copy link to sectionThere are two markets that are available with all top forex brokers in Jamaica. One is the ‘spot’ market, another is the futures market, where you use futures contracts to predict future price movements. Here is some more detail on both options.
- Spot forex. Trading the spot market means to buy and sell currencies instantaneously at the live market rate. This is the most common way to trade forex in Jamaica for most people.
- Forex futures. Futures contracts are an agreement to buy or sell a currency at a fixed price at a set date in the future. Futures require more understanding of the economic factors that impact prices over time. For that reason, they’re generally only used by people with experience of currency trading.
Is MT4 available in Jamaica?
Copy link to sectionYes, MetaTrader 4 is legal in Jamaica. When you use MetaTrader software, you have to sign into a brokerage account and any live trade you place goes through a forex trading platform. As long as you can connect to a legal Jamaican forex broker, you can use MT4 or MT5.
What’s the minimum forex trade size in Jamaica?
Copy link to sectionThe industry standard is 0.01 ‘lots’, which is equivalent to 1,000 units of the currency you want to trade. This is known as a ‘micro lot’. A ‘lot’ equals 100,000 units of the currency you want to trade.
Can I trade other assets with a forex broker in Jamaica?
Copy link to sectionYou can, though it depends on the type of broker you choose. The usually offer other financial markets in addition to currency pairs. If you want to trade other assets, such as stocks or cryptocurrency, then you need either the or the best crypto exchanges in Jamaica.
How to trade forex in Jamaica
Copy link to section1. Sign up to a Jamaican forex trading platform
Copy link to sectionUse the list of top-ranked brokers at the top of the page to help you.
2. Create an account and deposit money
Copy link to sectionSign up by providing your personal details and a form of photo ID. Transfer funds to the account through a bank transfer, credit or debit card payment, or another payment method, like PayPal.
3. Search for a currency pair and place your trade
Copy link to sectionFind the pair by typing the currency code – such as USD for the US Dollar – and choosing it from the list of results. Enter the details and click ‘buy’ to make the trade.