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

Top Jamaica trading platforms
Top Jamaica Online Trading Platforms 2021

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

This guide contains the latest information about finding the best trading patforms in Jamaica.

If you are a new entrant into the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You will acquire proficient skills at all of the concepts of brokerage since you keep trading. For starters, you have to select the best agent in Jamaica who'll be transparent with you always.

Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program is key to your success.

We currently have 21 Brokers from our research that we believe are the Top Brokers in Jamaica

Who’s The Reputable Jamaica Online Brokers?

This review has been written to help you find a professional Jamaica broker. When searching for an experienced, reliable broker in Jamaica it can be a little confusing.  Below we detail what your trading options are in Jamaica and what Jamaica online trading platforms can provide you.

A free trial of at least three weeks is one of the best ways to evaluate the quality and professionalism of any Jamaica online trading platform. Before making any ultimate decisions, you have to be able test the tradins platform's and software in real-time but with little risk. A demo account will allow you to test the software and see how easy it is. A high-quality broker in Jamaica should make it as simple as possible for you. They shouldn't have to do a lot research nor set up multiple accounts before they let you start investing.

We currently have 21 Online Brokers that we think are the Top Trading Patforms in Jamaica

Valutradesiq optioneOptionageaAyrexOANDAstoxmarketAdamant FinanceBettermentstockpileHugos WayCity Credit CapitalCFI MarketsVanguard InvestmentsDirectsharesAlfa Financialstempler fx brokerageZerodhaBell Directfx nextWestpac
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Rating3.01/53.15/52.46/56.25/52.47/54.83/54.30/55.86/52.68/56.25/55.85/54.61/54.33/54.76/55.98/55.92/56.40/54.58/53.91/55.90/56.08/5
Minimum Deposit$0$250$500$250$250$1$250$100$0$250$50$500$100$0$100$500$250$0$100$250$50
Year Founded200820192008201420161996201020082008202120172001201220082007198720182010198320182008
HeadquartersUKUnited StatesUSACyprusCyprusUnited States, CanadaDubaiSaint Vincent and the GrenadinesUSAUnited StatesSt. Vincent and the GrenadinesUKCyprusUnited StatesAustraliaUAEUSAIndiaNew ZealandDubaiAustrailia
Regulated ByUnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F262UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F221Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F313Cyprus Securities and Exchange Commission (CySEC)UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F312UnregulatedFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin)Office of the Comptroller of the CurrencyThe Portuguese Securities Market Commission (CMVM)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F321Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Markets Authority (FMA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F237Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)
Clients10,000+14,000,000+10,000+250,000+10,000+10,000+10,000+10,000+10,000+10,000+14,000+10,000+10,000+10,000+10,000+10,000+10,000+1,500,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskTrading leveraged products such as Forex and Cryptos may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice.Losses 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 riskYour capital is at riskYour capital is at risk
Withdrawal FeesNoYesYesNoYesNoNoNoYesNoNoNoYesYesYesNoYesNoNoYesNo
Inactivity FeesNoNoNoNoNoNoYesNoNoYesNoYesYesYesNoYesYesNoYesYesNo
Deposit Fees025050025025012501000250505001000100500250010025050
CFD FeesYesNoNoYesNoNoNoNoNoNoNoNoYesNoNoYesNoYesYesYesNo
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNoYesYesYes
Accepts PayPalNoYesNoYesNoNoYesNoNoYesNoNoNoNoNoNoYesNoNoYesNo
Accepts SkrillNoYesNoYesNoNoYesNoNoYesNoNoNoNoNoNoYesNoNoYesNo
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNoYesYesYes
Accepts NetellerNoYesNoYesNoNoYesNoNoYesYesNoNoNoNoNoYesNoNoYesNo

Online Share Trading In Jamaica

Trading investments in Jamaica is highly regulated and considered very secure. However, conscious that any investment can 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's suggested to have a demo account first with a controlled agent so you are able to learn the systems without the risk of losing money.

Live Forex Trading In Jamaica

Forex is the biggest liquid financial market in the world using a daily financial market turnover of more than $5 trillion (BIS statistics April 2016).

Forex (Abbreviation of Foreign Exchange) is a currency exchange between two different countries and the next management of the consequent position in which one currency gains and the other loses.

It's simple to do Live Forex Trading in Jamaica with professional online brokers

Live CFD Trading In Jamaica

CFD trading is the selling and buying of contracts for difference via an online trading platform in Jamaica. When trading CFDs you are entering into an agreement 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 brokers like XTM or FP Markets. It is a simple bet as to whether the price will go up or down.  Usually, the Jamaica brokers will display the prices you have.

If you are looking at how to do spread betting in Jamaica then it is suggested to start with a demo account with either XM or FP Markets so that you can practice with virtual 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 brokers are highly regulated, experienced and supportive. 

However, it is always important to be as informed as possible so here we detail some of the most important things any trader should know:

The financial industry in Jamaica are very mature and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Jamaica.

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

Whichever Online Trading Brokers in Jamaica you decide to use, make sure they have all of the below:

  • Easy to use platform
  • Access to a risk management tool
  • Good or fast execution speed
  • High quality charts
  • Able to perform social trading
  • Fast online help or support

Challenges Of Trading Online in Jamaica

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

Like every country there are challenges in Jamaica economic markets and overall the prospects are positive. 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 collected 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 professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Jamaica

Is Forex Trading Legal In Jamaica?

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

Trading in Forex is permitted in Jamaica as for any company to trade internationally, foreign currency must be exchanged. Any time you purchase something and it's shipped from overseas, there'll be numerous money exchanges by multiple businesses to receive that item to you.

The important issue is that if trading Forex in Jamaica you pick one of the top online agents.

Do Forex Traders Pay Tax In Jamaica?

Once a trader is successful and their profits reach a certain level then they can be taxed in Jamaica as per the standard tax rules.

Tax returns should always be filed even if there is a loss. You should seek advice with a registered accountant in Jamaica to make certain you're abiding with current regional laws as it's extremely dependent on your personal conditions.

Can You Trade Cryptocurrencies In Jamaica?

Cryptocurrency markets in Jamaica are quite new. As Cryptocurrencies work on decentralised assets in Jamaica things like interest rate changes and political instability do not affect them as much as the money markets.

Cryptocurrencies are more popular with the younger generations and with growing income levels and technology 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 daily.

Can You Trade Commodities In Jamaica?

Commodities 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 economies like India have a significant need for many fundamental raw materials for their inhabitants. It follows that countries like Jamaica can take advantage of the situation.