Best Trading Platform In The British Virgin Islands

0
Regal Wallet Banner

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

best-trading-platform-british-virgin-islands
  1. Saxo Bank – Best for Advanced Traders
  2. Interactive Brokers – Great Overall Pick
  3. ActiveTrades – Broker regulated by the UK FCA
  4. OandA – Low-risk CFD and forex broker
  5. eToro – Best for Social and Copy Trading

Best Online Trading Platforms British Virgin Islands

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1Saxo Bank4.9Best trading platform Overall$10.000
#2Interactive Brokers4.9Great Overall Pick$0
#3ActiveTrades4.4Broker regulated by the UK FCA$500
#4OandA4Low-risk CFD and forex broker$0
#5eToro4.9Best For Copy Traders $200


The following sections summarize the best trading platforms in the British Virgin Islands.

01. Saxo Bank: Best Platform Overall

saxo-bank-rating

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. 


02. Interactive Brokers: Best Platform For Advanced Order Types 

interactive-brokers-rating

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. 


03. ActivTrades: Best Fully Customizable Platform 

active-trades-rating

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. 


04. OandA: Best Platform With Extensive Market Research 

oanda-rating

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. 


05. eToro: Best Platform For Copy Trading 

etoro-rating

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. 


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. 
 


Methodology
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.

Disclaimer
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:

Previous articleBest Trading Platform in Bhutan
Next articleBest Trading Platform in Cyprus
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

LEAVE A REPLY

Please enter your comment!
Please enter your name here