In this guide, we go over the best trading platforms in Aruba. 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 Aruba
- 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 Aruba
|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 Aruba, 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 Aruba 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 Aruban 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. Aruba 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 Aruba
Aruba is part of the Kingdom of the Netherlands. The island used to export a lot of crude oil, but recently closed its refineries and focuses on tourism instead. There are many Aruban traders who still trade the financial markets, including the commodity and cryptocurrency markets.
The Central Bank of Aruba (CBA) is the sole supervisory authority in Aruba within the financial sector. All companies registered in Aruba, that want to offer online trading and brokerage services, need a valid licence from the CBA. These companies need to have strict AML and CFT requirements in place in order to obtain such a license.
Residents of Aruba are free to use offshore brokerage services offered to Arubans. In this case, the government does not offer any kind of financial protection.
Online Trading Regulation
Online trading regulations in Aruba are loose when it comes to forex, stocks, and commodity trading. Arubans are allowed to open a trading account once they are 18 years old. Cryptocurrency trading is still unregulated and Bitcoin cannot be used in Aruba for official transactions. Despite the government warning on the use of cryptocurrencies, people are free to trade and invest using digital currencies.
There are few brokers based in Aruba. Almost all brokers accessible for Aruban traders are based elsewhere. For this reason, these brokers don’t need to have a CBA license. We recommend Aruban traders trade with international brokers that are regulated by CySec, ASIC, or the FCA.
We also 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.
Based on our review, we consider Interactive Brokers as the best trading platform for Aruban 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 Aruban 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 Aruba?
Yes, there are trading platforms available in Aruba that offer 0% commission trading.
How Much Should I Invest When Trading Online in Aruba?
You should always invest at least the minimum deposit amount Aruban and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Aruba?
Yes, crypto trading is available to Aruban 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 Central Bank of Aruba 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 Aruba
- 2 Best Online Trading Platforms Aruba
- 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 Aruba
- 2.8 Online Trading Regulation
- 2.9 Licence Verification
- 3 Conclusion