Page Summary
In this guide, we go over the best trading platforms in Dominica. 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 Dominica
- AVAtrade – Best Forex trading and CFD Platform
- CMC Markets – Award winning trading experience
- Capital.com – Best in research and education
- eToro – Best for Social and Copy Trading
- Pepperstone – Great research and education section
Best Online Trading Platforms Dominica
| PLATFORM | SCORE | GENERAL INFO | MINIMUM DEPOSIT | |
| #1 | AVAtrade | 4.8 | Best for CFD Trading | $100 |
| #2 | CMC Markets | 5 | Award winning trading experience | $0 |
| #3 | Capital.com | 4.7 | Best Broker for Algorithmic Traders | $0 |
| #4 | eToro | 4.9 | Best For Copy Traders | $200 |
| #5 | Pepperstone | 4.8 | Great research and education section | $200 |
The below section breaks down the best trading platforms in Dominica beginning with the highest rated…
Rating: 4,9/5
AVAtrade
BEST FOR: Low Fixed Spreads
TRADER LEVEL: Average and Advanced
Nr. OF CURRENCY PAIRS:  55 forex and 44 forex options
MAX LEVERAGE: 1:400
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
Rating: 4,0/5
CMC Markets
Min Deposit: 0
Fees: 3.7
Assets available: 3.2
Total Fees:
Rating: 4,8/5
Capital.com
BEST FOR TRADING: Forex CFDs
TRADER LEVEL: Average and Advanced
Nr. OF CURRENCY PAIRS: 138 Forex CFDs
MAX LEVERAGE:  1:500
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
Rating: 4,9/5
eToro
BEST FOR TRADING: Social Copy Trading Forex
TRADER LEVEL: Beginners
Nr. OF CURRENCY PAIRS: 49 Major, Minor and Exotic
MAX LEVERAGE:  1:20
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
Rating: 4,9/5
Pepperstone
BEST FOR TRADING: Forex and CFDs
RECOMMENDED FOR: Advanced and Professional Traders
TRADING COSTS: Low
Min Deposit: $200
Fees: 4.9
Assets available: 4.8
Total Fees:
1. AVAtrade – 1. AVATrade: Best CFD Broker in Dominica
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AVAtrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.
Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.
Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100.
Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.
Pros
- Great Research and Educational tools
- Great Customer support
- Good choice of social trading options
Cons
- Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
2. CMC Markets – 2. CMC Markets: Award winning trading experience
Min Deposit: 0
Fees: 3.7
Assets available: 3.2
Total Fees:
CMC Markets is a reputable online broker known for its award winning trading experience, excellent selection of tradable instruments and industry leading pricing. With over 12.500 tradable instruments across all asset classes, CMC is among industry leaders in market coverage.
Their proprietary trading platform called Next Generation is reliable, fast executing and fully packed with useful trading tools and indicators. It features an impressive education and research section full of quality in-house and third party content.
CMC Market offers the lowest commissions and fees in the industry. Low spread fees (0.73 pip on EUR/USD) are available for traders at all levels and accounts. Additional bonuses and rebates for active traders makes CMC Markets a market leader in costs and fees.
Pros
- Wide range of available assets
- Free demo paper trading account
- Excellent customer support
Cons
- Offers only CFD trading and spread betting
- Few education and research tools available
- High fees compared to other brokers
Key features
- Access to 9000+ shares and ETF CFDs
- 300+ tradable forex pairs
- Cryptocurrency CFD trading available
- Compatible with metaTrader 4
- Well-suited for beginner and advanced traders
- Gives spread rebates
3. Capital.com – 3. Capital.com: Best For Research and Education (Discount Broker)
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
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.
Pros
- Newsroom grade educational videos and analysis
- Award winning education and research section
- New age mobile trading app
- Real time market updates and price alerts
- Hedging and risk management tools
Cons
- MT4 and MT5 not available
- Market access is industry average
Key features
- Access to 6.000 tradable symbols and 477 cryptocurrency CFDs
- High quality research and educational content
- Patented AI trade bias system
- $20 minimum deposit
- No inactivity fees
4. eToro – 4. eToro: Best Broker For Social 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 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.
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
5. Pepperstone – 5. Pepperstone: Great research and education section
Min Deposit: $200
Fees: 4.9
Assets available: 4.8
Total Fees:
Pepperstone is a trusted Forex and CFD broker well know for its support of multiple copy trading platforms, great variety of tradable assets and a enormous research and education section. The combined offering of cTrader, MetaTrader and various social trading features makes this broker s great fit for copy traders and algorithmic traders.
Pepperstone is available through 24/5 phone and online chat support plus offers an extensive FAQ web section, and e-mail.
Pros
- Great for algorithmic and copy traders
- Multiple platform add-ons
- Competitive fees and commissions
- Advanced social trading features
- Excellent education and research section
- Competitive fee structure for day traders
Cons
- Lack of video educational resources
- Advanced order types missing
- Customer support not in Arabic
Key features
- 600 + stocks as CFDs available
- Great variety of trading platforms (MetaTrader + cTrader)
- Multiple advance trading add-ons
- Social trading features
- Competitive pricing for active traders
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Dominica 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 Dominica 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. Dominica 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 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 Dominica
Online trading in Dominica is available at La Bolsa y Mercados de Valores de la República Dominicana (BVRD). Founded in 1991 and based in Santo Domingo it is one of the most active stock exchanges in Latin America. The opening times are 9:00 am to 1:00 pm from Monday to Friday. If you live in Dominica and want to trade international stocks, cryptocurrencies, or other assets not listed on the BVRD, we recommend trading with one of the trusted offshore brokers mentioned in this guide. It is legal to trade with foreign brokers and you don’t have to pay any taxes on your profits made.
Online Trading Regulation
The Financial Services Unit of the Commonwealth of Dominica (FSU) regulates online trading in Dominica and oversees all financial activities. All Dominica-based brokers that offer online trading to Dominican citizens have to be authorised and obey strict rules set by the FSU to maintain their operating license. Companies based abroad can offer online trading services to Dominican citizens without being authorized by the FSU. Cryptocurrency trading is legal in Dominica and you don’t need to pay tax on your profits made.
License Verification
You can verify the validity of a broker’s license by going to the official website of the FSU, clicking on ‘Registered Entities’, and searching the list for the name of the broker. If the broker is based outside of Dominica, you can visit the official websites of CySEC, FCA, BaFIN, ASIC, or FINRA and check their database of ‘Registered Entities’ for the name of the company you want to trade with. If nothing shows up, you might be dealing with an unregulated broker or trading platform and we recommend trading with one of the best trading platforms in Dominica mentioned in this guide instead.
Conclusion
Based on our review, we consider AVAtrade as the best trading platform for Dominican residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
CMC Markets is the second best trading platform for Dominican residents, because of their low fees, advanced trading tools, copy trading features, and responsive customer support. Capital.com, eToro, Pepperstone are finishing up our list of top platforms with a great overall offer and above average ratings.
FAQ
Are There Commission-Free Trading Platforms In Dominica?
Yes, there are trading platforms available in Dominica that offer 0% commission trading like eToro and AvaTrade.
How Much Should I Invest When Trading Online in Dominica?
You should always invest at least the minimum deposit amount Dominica and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Dominica?
Yes, crypto trading is available to Dominican 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 or trading platform has a valid license by checking the ‘Registered Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA. For Dominica-based brokers, you can check the official website of The Financial Services Unit of the Commonwealth of Dominica instead.
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.