In this guide, we go over the best trading platforms in British Virgin Islands. 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 British Virgin Islands
- Saxo Bank – Best for Advanced Traders
- Interactive Brokers – Great Overall Pick
- ActiveTrades – Broker regulated by the UK FCA
- OandA – Low risk CFD and forex broker
- eToro – Best for Social and Copy Trading
Best Online Trading Platforms British Virgin Islands
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||Saxo Bank||4.9||Best trading platform Overall||$10.000|
|#2||Interactive Brokers||4.9||Great Overall Pick||$0|
|#3||ActiveTrades||4.4||Broker regulated by the UK FCA||$500|
|#4||OandA||4||Low risk CFD and forex broker||$0|
|#5||eToro||4.9||Best For Copy Traders||$200|
Below section breaks down the best trading platforms in British Virgin Islands, beginning with the highest rated…
01. Saxo Bank: Best Platform Overall
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
02. Interactive Brokers: Great Overall Pick
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).
03. 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.
04. 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).
05. eToro: Best Broker For Copy Trading
eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in British Virgin Islands 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 British Virgin Islands 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. British Virgin Islands 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 British Virgin Islands
Online trading can be done on one of the many trading platforms and exchanges that cater to British Virgin Islands residents. The British Virgin Islands itself doesn’t have a stock exchange. If you live in the British Virgin Islands you can trade with any broker or cryptocurrency exchange based overseas.
Online Trading Regulation
The British Virgin Islands Financial Services Commission (BVI FSC) regulates the British Virgin Islands financial sector. Only regulated entities can offer trading and investment services to residents of the British Virgin Islands. This means brokers and exchanges have to have a valid BVI FSC license in place. Overseas brokers don’t need such a license and are free to market and offer their products and services to British Virgin Islands residents.
There is no legal framework in place for cryptocurrencies in the British Virgin Islands. People are free to buy, trade, mine, and invest in them.
You can check whether a broker or exchange based in the British Virgin Islands has a valid BVI FSC license by going to the official BVI FSC website and searching the ‘Regulated Entities’ list for the name of the broker or exchange. Here you will find information about all licensed brokers operating in the British Virgin Islands. If a brokerage firm or cryptocurrency exchange isn’t based in the British Virgin Islands it will not be in the register, but you can still check whether it is licensed by checking the official websites of CySec, FCA, FINRA, or ASIC. Most cryptocurrency exchanges operate unlicensed and are unregulated.
Based on our review, we consider Saxo Bank as the best trading platform for British Virgin Islands residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
Interactive Brokers is the second best trading platform for British Virgin Islands residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. ActiveTrades, OandA, and eToro are finishing up our list of top platforms with a great overall offer and above average ratings.
Are There Commission-Free Trading Platforms In British Virgin Islands?
Yes, there are trading platforms available in British Virgin Islands that offer 0% commission trading like eToro.
How Much Should I Invest When Trading Online in British Virgin Islands?
You should always invest at least the minimum deposit amount British Virgin Islands and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In British Virgin Islands?
Yes, crypto trading is available to British Virgin Islands 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 trading platform has a valid operating license on the BVI FSC official website. If the broker is based overseas, you can check the websites of the CySEC, FINRA, ASIC, BAFIN, or FCA instead.
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 British Virgin Islands
- 2 Best Online Trading Platforms British Virgin Islands
- 2.1 01. Saxo Bank: Best Platform Overall
- 2.2 02. Interactive Brokers: Great Overall Pick
- 2.3 03. ActiveTrades:Broker regulated by the UK’s Financial Conduct Authority (FCA)
- 2.4 04. OandA: Low risk CFD and forex broker
- 2.5 05. eToro: Best Broker For Copy Trading
- 2.6 How To Pick The Right Platform?
- 2.7 Online Trading In British Virgin Islands
- 2.8 Online Trading Regulation
- 2.9 Licence Verification
- 3 Conclusion