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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Jamaica

Top Jamaica brokers
Top Jamaica Online Brokers 2021

This guide to the professional trading platforms in Jamaica has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the latest details about finding the best trading patforms in Jamaica.

If you're a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You will get proficient skills at all the concepts of broker since you continue trading. For starters, you need to choose the perfect agent in Jamaica who will be clear with you always.

In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program is key to your success.

We currently have 18 Brokers from our research that we think are the Reputable Brokers in Jamaica

Finding The Professional Jamaica Online Brokers?

This guide has been designed to help you find a professional Jamaica broker. When looking for an experienced, reliable broker in Jamaica it can be very confusing.  Below we explain what your trading platform are in Jamaica and what Jamaica online trading platforms can do for you.

We currently have 18 Online Brokers that we believe are the Top Brokers in Jamaica

First TradeAlfa ForexAyondoAlpha Capital MarketsAyrexBOQ TradingNordFXSaxo MarketsAdvanced Global MarketsEzinvestWIT InvestAmscot StockbrokingWellsTradeLondon Capital Group (LCG)AxiTraderInvestors IntelligenceCore SpreadsETX Capital
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Minimum Deposit$5$0$1$0$250$200$1$6500$500$500$100$500$30$100$0$1$1$100
Year Founded200820112008199920162014200820121992200820081853200819962007194720142002
HeadquartersUSACyprusLondonUKCyprusUnited StatesMauritiusDenmarkCyprusCyprusSaint Vincent and the GrenadinesAustrailiaUnited StatesUKAustraliaLondonLondonUK
Regulated BySecurities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Financial Conduct Authority (FCA)UnregulatedCyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC), License No: 209/13Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)UnregulatedMinistry of Economic Affairs and Communications (Estonia)UnregulatedFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)
Risk WarningYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed depositsLosses can exceed depositsLosses can exceed deposits
Withdrawal FeesvariablevariableNovariable$100NoNo$31variablevariablevariablevariableNovariableNoNoNo
Inactivity FeesNoNoNoNoNoNoYes
Deposit Fees50102502001650050050010050030100011100
CFD FeesYesYesYes (0.1% - 0.25%)YesNo$1.50/lot/legYes
Accepts Credit CardsNoYesYesYesYes
Accepts PayPalNoNoNoNoNo
Accepts SkrillNoYesYesNoNo
Accepts PayoneerNoYesYesNo
Accepts NetellerYesYesYesYesYes

Online Stock Trading In Jamaica

Trading Assets in Jamaica is highly controlled and considered quite safe. But, as always, that any investment may go down as well as up, which means that your capital is in danger.

If you're just starting out with online trading then it is advised to get a demo account first with a regulated broker so that you are able to find out the strategies without the risk of losing money.

Live Forex Trading In Jamaica

Forex is the liquid financial market in the world with a daily monetary market turnover of over $5 trillion (BIS data April 2016).

Forex (short for Foreign Exchange) is a money exchange involving two different countries and the next management of the resulting position in which one currency gains and the other loses.

It's possible to do Live Forex Trading in Jamaica using experienced online trading platforms

Live CFD Trading In Jamaica

CFD trading is the selling and buying of contracts for difference via an online trading platform in Jamaica. When you trade CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Jamaica

Spread Betting in Jamaica is possible using professional online trading platforms like XM or Trading212. It is a simple bet as to whether the price will go up or down.  Usually, the Jamaica trading platforms will display the prices you have.

If you are looking at how to do spread betting in Jamaica then it is advisable to start with a demo account with either plus500 or IC Markets so that you can practice with monopoly currency before risking your own capital.

Trading Shares in Jamaica

Globally, Jamaica is considered safe to do online trading and has access to other global financial centers. In Jamaica, online trading platforms are highly regulated, experienced and supportive. 

However, it is always important to be as informed as possible so below are some of the most important things a trader should know:

The financial markets in Jamaica are professional and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Jamaica.

The online trading apps used by brokers in Jamaica are thoroughly tested and highly rated.

Whichever Online Trading Brokers in Jamaica you decide to use, ensure they have all of the following:

  • User friendly platform
  • Access to a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Capable of doing social trading
  • Quick online help or support

Challenges Of Trading in Jamaica

The US Dollar is considered the base currency around the world so even a little change in the US economic markets may affect the economic markets in Jamaica. The EU is also a large market and changes there can affect the financial markets in Jamaica.

Like many countries there are challenges in Jamaica financial markets and overall the prospects are good. However, like in all global financial markets we recommend that any Online Trading Brokers in Jamaica you decide to use, make sure you do your due diligence first before risking your money. We have collated thousands of datapoints and written this guide to help you find the Best Trading Platforms in Jamaica.  We hope that by using this guide you will find a reputable broker that matches your needs.

Frequently Asked Questions About Trading Forex In Jamaica

Is Forex Trading Legal In Jamaica?

There is a growing misconception that trading Forex in Jamaica is considered unsafe. This is not the case, Forex Currency trading in Jamaica is very active, regulated and safe.

Trading in Forex is allowed in Jamaica as for any business to trade globally, foreign currency has to be exchanged. Whenever you buy something and it is sent from overseas, there will be multiple money exchanges by multiple companies to get that item to you.

The main thing is that if trading Forex in Jamaica you pick one of the best online brokers.

Do Forex Traders Pay Tax In Jamaica?

After a dealer is successful and their profits achieve a particular level then they can be taxed in Jamaica as per the typical taxation rules.

Tax returns should always be registered even if there is a reduction. You should seek out advice with a documented accountant in Jamaica to ensure you're abiding with present local laws as it is extremely dependent on your personal conditions.

Can You Trade Cryptocurrencies In Jamaica?

Cryptocurrency markets in Jamaica are quite new. As Cryptocurrencies operate on decentralised assets in Jamaica matters like interest rate changes and political instability don't affect them as far as the money markets.

Cryptocurrencies are more popular with the younger generations as well as growing income levels and technologies adoption, trading cryptocurrency in Jamaica is increasing day by day. It's still modest compared to the Forex markets but about $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Jamaica?

Commodity trading in Jamaica involves trading in things like precious metals, energies and agricultural commodities.

Some commodities such as agricultural are seeing exponential growth inJamaica.

Fast growing markets like India have a significant demand for many basic raw materials because of their inhabitants. It follows that states like Jamaica can benefit from the situation.