In this guide, we go over the best trading platforms in Anguilla. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.
Trading platforms that reached the highest scoring are considered in the following list:
Top 5 Trading Platforms in Anguilla
- Interactive Brokers – Best trading platform overall
- XTB – Ideal for users looking to trade forex and CFDs
- Capital.com – Broker with great educational content and resources
- ActiveTrades – Broker regulated by the (FCA)
- OandA – Low risk CFD and forex broker
Best Online Trading Platforms Anguilla
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||Interactive Brokers||4.9||Best trading platform overall||$0|
|#2||XTB||4.5||Ideal for users looking to trade forex and CFDs||$250|
|#3||Capital.com||4.7||Broker with great educational content and resources||$20|
|#4||ActiveTrades||4.4||Broker regulated by the (FCA)||$500|
|#5||OandA||4||Low risk CFD and forex broker||$0|
Below section breaks down the best trading platforms in Anguilla, beginning with the highest rated…
01. Interactive Brokers: Best Platform Overall
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
02. XTB: Ideal for users looking to trade forex and CFDs
XTB is a trusted online broker ideal for users looking to trade forex and CFDs on a great performing proprietary platform (xStation 5). Traders like the minimalist design, extensive selections of features, powerful trading tools and great order execution. As a multi-asset broker, XTB offers a vast selection of tradable instruments spread across all markets. They provide CFDs on stocks, commodities, ETFs, cryptos, Indices and forex currency pairs. XTB pricing is industry average across all accounts.
Beginner traders will like the outstanding customer support, excellent research + education section and the easy to use proprietary platform. With an overall great offer, it should be considered by any trader looking to trade forex and CFDs.
03. Capital.com: Broker with great educational content and resources
Capital.com is a top choice for traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities and forex pairs.
Founded in 2016, Capital.com is an international fintech company which has group of entities authorised and regulated by the Financial Conduct Authority (“FCA”), the Australian Securities and Investments Commission (“ASIC”), the Cyprus Securities and Exchange Commission (“CySEC”), and the Financial Services Authority of Seychelles (“FSA”). It does not operate a bank and is not publicly traded.
Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features. Beginner traders will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.
04. ActiveTrades: Broker regulated by the UK’s Financial Conduct Authority (FCA)
ActivTrades is a reputable forex and CFD broker regulated by the UK’s Financial Conduct Authority (FCA). Their proprietary trading platform called ActivTrader is intuitive, fully customizable and offers a clear report on trading fees. Account opening is fast and easy, deposits and withdrawals are free of charge. Trading fees are below industry average.
ActiveTrades charges an inactivity fee. Tradable assets are limited to basic classes and instruments which will not be enough for professional traders. Research and educational materials are slim.
05. OandA: Low risk CFD and forex broker
OandA is a low risk CFD and forex broker with an extensive market research section, daily market updates and social trading features. Authorized by 6 tier one regulators, it is considered low risk for traders all across the globe. Their trading platform is intuitive, automate-executing and offers multiple features for algorithmic and social trading. Mobile trading is available through fxTrade on industry leading research and charting tools.
For a low cost broker, their fees and commissions are above industry average across all accounts (core and default).
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Anguilla include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.
Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Anguillan brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.
Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.
Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.
Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.
Assets: Look for coverage of preferred assets. Anguillan traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.
Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.
Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.
Customer support: Beginner traders should look out for responsive and professional customer support available in their language.
*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.
Online Trading In Anguilla
Anguilla is situated near Puerto Rico and the Virgin Islands. The island has few natural resources and its main industries are tourism and offshore banking. For this reason, they are open to foreign exchange and online trading. Many Anguillan traders trade East Caribbean dollars for US dollars on the foreign exchange markets as it is seen as a way to protect against inflation.
The Anguilla Financial Services Commission (AFSC) is the main financial regulatory authority in Anguilla for online trading and brokerage services. All companies that offer these types of services to Anguillan traders must have a valid license issued by the AFSC.
Anguillans are free to trade with offshore brokers and exchanges without a license, but the government of Anguilla won’t protect them in this case or guarantee the safety of their investments.
Online Trading Regulation
Online trading regulations in Anguilla are very open. 12 internationally operating brokers are established in Anguilla. Offshore banking and trading are the second most important sector of the Anguillan economy.
Anguillan traders are free to use Anguillan or international brokers.
There are 12 brokers based in Anguilla. All these brokers have a valid license from the AFSC. Their licenses are Class D licenses, which are issued to currency exchanges. Anguillan citizens do not have to use one of these brokers to trade the financial markets, but can choose each of the global companies offering brokerage services in their country.
We recommend Anguillan traders to verify the validity of the license of the broker they want to trade with. This is done by copying the license and registration numbers available at the broker’s website and filling these in at the website(s) of regulatory authorities.
If the broker does possess a valid licence, the data on the regulators website will match with the data shown on the brokers website.
Based on our review, we consider InteractiveBrokers as the best trading platform for Anguillan residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
XTB is the second best trading platform for Anguillan residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. Capital.com, ActiveTrades, and OandA are finishing up our list of top platforms with a great overall offer and above average ratings.
Are There Commission-Free Trading Platforms In Anguilla?
Yes, there are trading platforms available in Anguilla that offer 0% commission trading.
How Much Should I Invest When Trading Online in Anguilla?
You should always invest at least the minimum deposit amount Anguillan and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Anguilla?
Yes, crypto trading is available to Anguillan citizens. The leading trading platforms offer Bitcoin trading via CFDs.
How To Check If A Trading Platform Has a Valid License?
You can check if a broker has a valid operating license on the AFSC official website.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
If you liked this article then also read:
- Saudi Arabia
- 1 Top 5 Trading Platforms in Anguilla
- 2 Best Online Trading Platforms Anguilla
- 2.1 01. Interactive Brokers: Best Platform Overall
- 2.2 02. XTB: Ideal for users looking to trade forex and CFDs
- 2.3 03. Capital.com: Broker with great educational content and resources
- 2.4 04. ActiveTrades: Broker regulated by the UK’s Financial Conduct Authority (FCA)
- 2.5 05. OandA: Low risk CFD and forex broker
- 2.6 How To Pick The Right Platform?
- 2.7 Online Trading In Anguilla
- 2.8 Online Trading Regulation
- 2.9 Licence Verification
- 3 Conclusion