Page Summary
This article offers our findings on the best trading platforms in the British Virgin Islands. We have analyzed 174 online brokers and their platforms based on 8 leading categories. We evaluated all particularities of their service, including platforms, costs, mobile apps, asset portfolios, funding solutions, licenses, research & education, and customer service.
The platforms and apps with the best scores are in the list below.
Top 5 Trading Platforms In The 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 |
The following sections summarize the best trading platforms in the British Virgin Islands.
1. Saxo Bank – Best Platform Overall
Min Deposit: $2000
Fees: 4.7
Assets available: 4.9
Total Fees:
69% of retail investor accounts lose money when trading CFDs with this provider.
Saxo Bank is a premium brokerage firm with professional trading services. It offers access to advanced trading platforms and apps. Saxo Bank creates exclusive conditions for high-volume traders. It uses industry-leading technology and safety protocols for an outstanding experience.
The Saxo Bank platform has a professional design. The mobile app offers impressive trade execution. All its platforms are feature-rich and easy to learn. Saxo Bank has attractive margin rates and access to 40,000 financial instruments. This broker has premium in-house research materials and top-tier third-party financial information.
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
2. Interactive Brokers – Best Platform For Advanced Order Types
Min Deposit: 0 ($2000 for margin account)
Fees: 4.9
Assets available: 4.9
Total Fees:
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.
Interactive Brokers is a popular online broker with an excellent offering. It has both beginner and advanced services. Interactive Brokers offers a valuable learning center and a comprehensive portfolio. It stands out because of its complex order type configurations and competitive fees.
This broker has two proprietary platforms. The Global Trader platform is intuitive and a user-friendly trading station. The Trader Workstation is a complex platform with access to advanced tools and services.
Pros
- Best market coverage in the industry (100k+ assets on different instruments)
- Access to 16,500 shares and 8,000 stocks as CFDs
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Industry leading fee structure
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
3. ActivTrades – Best Fully Customizable Platform
Min Deposit: $500
Fees: 3.5
Assets available: 2.8
Total Fees:
ActivTrades is a top forex and CFD broker with a fully customizable platform. It follows strict rules and has a top-tier license from the FCA. Its proprietary trading platform, ActivTrader, is easy to learn. It offers a transparent report on trading fees and a customizable interface. ActivTrades has a beginner-friendly account opening and deposit & withdrawal process.
This broker has average trading fees. It charges an inactivity fee and some commissions. ActivTrades offers access to basic assets and research tools.
Pros
- Negative balance protection and increased insurance
- Excellent multi-lingual support in 14 languages
- Low fees from 0.5 pips on EUR/USD
Cons
- Charges inactivity fee
- Only offers CFD, forex, and crypto trading
Key features
- Compatible with MetaTrader 4 and 5
- Great research tools like SmartOrder 2 and Pivot Points Indicator
- Daily Market Analysis videos
- Free unlimited demo paper trading account
- One to One training available
4. Oanda – Best Platform With Extensive Market Research
Min Deposit: 0
Fees: 3.1
Assets available: 1.8
Total Fees:
OandA is a well-established broker with extensive market research opportunities. It offers forex and CFD services for traders at all levels. OandA has six tier-one licenses, and it is a low-risk broker. Its trading platform is reliable and offers automated trading services. OandA has many features for algorithmic trading.
The fxTrade is this broker’s proprietary mobile app. It offers excellent learning and research tools. OandA has above the industry average trading costs.
Pros
- Multiple trading platforms available
- Broad range of research and analysis tools
- Easy account opening process
Cons
- Only CFD and forex trading available
- Customer support is only available during office hours
- Charges inactivity fees
Key features
- Access to over a thousand different CFDs on multiple asset classes and over 50 forex pairs
- Real-time currency conversion and access to 25 years’ historical FX data across 38,000 forex pairs
- Great corporate solutions like payment gateways and currency converters
- Competitive commissions, spreads and other trading fees
- Compatible with both MetaTrader 4 and 5
- Dedicated relationship manager, free VPS, trading fee and wire transfer discounts for professional traders
5. eToro – Best Platform For Copy Trading
Min Deposit: $200
Fees: 4.8
Assets available: 4.8
Total Fees:
79% 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. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
eToro is a top global brand and a leader in copy trading services. It has robust and professional trading platforms with high safety standards. eToro offers industry-leading copy and social trading services.
It has a versatile, multi-asset trading platform. eToro’s portfolio offers 3075 symbols, including indices, commodities, forex, stocks, and cryptocurrencies. This broker has a low account minimum, wide spreads, and free deposits. eToro is a trustworthy market maker with top-tier licenses.
Pros
- Access to over 4000+ tradable symbols
- Great overall market coverage
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Great cryptocurrency trading features
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools missing
Key features
- Sophisticated social-copy trading features
- Multiple different payment options
- Crypto exchange and brokerage services on the same dashboard
- Super fast registration and KYC on-boarding process
- Zero commission stock trading
- Great ease of use level
How To Pick The Right Platform?
To pick the right platform, you have to consider many aspects, including trading costs, mobile apps, funding solutions, portfolios, customer service, and safety.
Fees: Trading fees need to be transparent. Avoid online brokers who charge high costs on trades, overnight fees, and hidden fees. Spread fees and commissions are common with the British Virgin Islands account. Spreads vary between 0.03% to 0.5% based on your trading volume.
Trading Platforms: These need to be intuitive, user-friendly, and offer access to learning tools. You should choose a platform with tools and indicators for all experience levels. Look for customizable interfaces and built-in market data.
Mobile Trading: Mobile trading apps need to offer access to the same functionalities as their web versions. Look for apps with full-screen charting, social feeds, and customizable designs.
Deposit & Withdrawal: Deposit and withdrawal have to be simple. We recommend you opt for a broker that has access to your preferred funding option. Look for transparent fee structures and affordable commissions.
Assets: Traders in the British Virgin Islands receive access to different assets. The main asset classes available include stocks, forex, options, commodities, bonds, spot gold, cryptos, and ETFs.
Regulation: Online brokers with top-tier licenses need to follow strict rules under a secure regulatory body. Search for providers with an FCA, CySEC, and ASIC license.
Research & Education: All traders and investors should select a broker with access to research and learning tools. Search for platforms with weekly webinars, trading tutorials, market news, and personal account managers.
Customer Support: Inexperienced traders should choose a platform with knowledgeable and responsive 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 with Sharia law.
Regulation Of Trading Platforms In The British Virgin Islands
The British Virgin Islands Financial Services Commission (BVI FSC) controls the regulation of trading platforms in the British Virgin Islands. The BVI FSC oversees online trading activities in the country. It ensures providers request licenses and comply with strict rules.
License Verification
You can start a license verification search on the official website of the BVI FSC. Access the documents section and search for the name of the broker. If the brokerage firm has its headquarters outside the British Virgin Islands, you need to check the main websites of the CySEC, FINRA, ASIC, FCA, or BaFIN. If their database doesn’t offer any results, you might be looking at an unregulated platform.
Conclusion
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 responsive customer support.
Interactive Brokers is the second-best trading platform for British Virgin Islands residents, because of its low fees, advanced trading tools, copy trading features, and responsive customer support. ActiveTrades, OandA, and eToro are finishing up our list of top platforms with a great overall offer and above-average ratings.
FAQ
Are There Commission-Free Platforms In The British Virgin Islands?
Yes, many platforms in the British Virgin Islands offer 0% commission trading.
How Much Should I Invest When Trading Online In The British Virgin Islands?
You should always start with the minimum deposit requirement. Online brokers will have you create a new brokerage account and use the minimum deposit. Usually, this is about $50.
Do Traders In The British Virgin Islands Receive Access To Cryptocurrencies?
Yes, cryptocurrencies are available to all British Islands citizens. Most providers offer crypto trading via CFDs.
Can You Check The Validity Of A Platform’s License?
Yes, you can check the validity of a platform’s license. Access the official BVI FSC website and look out for the broker’s name. If you use an international broker, you can check the websites of FINRA, ASIC, FCA, CySEC, or BaFIN.
Which Trading Platform Is Most Profitable?
Whether or not a platform is profitable depends on your trading experience and needs. Many trading styles require specific platform functionalities. It is best to select a platform with premium research and trading tools.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.