In this guide, we go over the best trading platforms in Montserrat 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 Montserrat
- CMC Markets – Broker known for its award winning trading experience
- Capital.com – Best in research and education
- AVAtrade – Best Forex trading and CFD Platform
- XTB – Powerful trading tools and great order execution
- OandA – Low risk CFD and forex broker
Best Online Trading Platforms Montserrat
| PLATFORM | SCORE | GENERAL INFO | MINIMUM DEPOSIT | |
| #1 | CMC Markets | 5 | Broker known for its award winning trading experience | $0 |
| #2 | Capital.com | 4.7 | Best in research and education | $20 |
| #3 | AVAtrade | 4.8 | Best Forex trading and CFD Platform | $100 |
| #4 | XTB | 4.5 | Powerful trading tools and great order execution | $250 |
| #5 | OandA | 4 | Low risk CFD and forex broker | $0 |
Below section breaks down the best trading platforms in Montserrat beginning with the highest rated…
1. CMC Markets – Broker known for its 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
2. 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
3. AVAtrade – Best Forex trading and CFD Platform
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
4. XTB – Powerful trading tools and great order execution
Min Deposit: $0
Fees: 3.7
Assets available: 2.9
Total Fees:
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.
Pros
- Low trading fees
- Multilingual support (Available in Arabic)
- Cashback rebates and free paper trading account
Cons
- Only CFD trading
- Charges inactivity fees
Key features
- Access to 2,100+ of CFDs on stocks, indices, and commodities and 48 FX pairs
- Commission-less Stock and ETF CFD trading
- Daily market analysis videos, price tables, and economic calendar
- Micro-lot trading available
- Beginner-friendly mobile app (xStation Mobile)
- Multi-lingual support in English, Arabic and over 10 other languages
5. Oanda – Low risk CFD and forex broker
Min Deposit: 0
Fees: 3.1
Assets available: 1.8
Total Fees:
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).
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
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Montserrat 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 Montserrat 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. Montserrat 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 Montserrat
Online trading in Montserrat is only available using the services of offshore brokers and crypto exchanges. There is no stock exchange or broker based in Montserrat. Citizens are allowed to have accounts with foreign brokerage firms and trading platforms and it is legal to trade securities, cryptocurrencies, and other financial instruments. We recommend residents of Montserrat to trade online with the brokers and trading platforms mentioned in this guide.
Online Trading Regulation
The Financial Services Commission Montserrat (FSCM) regulates the finance industry of Montserrat, including online trading activities. Domestic companies that want to offer trading or brokerage services will have to apply with them for a license. Overseas-based brokers, trading platforms, and cryptocurrency exchanges that want to offer trading and investment services to citizens of Montserrat don’t need to apply for such a license and can freely market their products and services. There is no legal framework present for cryptocurrency trading in Montserrat.
Licence Verification
You can verify the validity of Montserrat-based broker licenses by going to the official website of the Financial Services Commission Montserrat, clicking on the ‘Regulated Entities’ button, and then typing in the broker’s name. If the broker is licensed, all company information will show up. If nothing comes up, the broker isn’t licensed and we don’t recommend trading with them. You can verify the validity of overseas-based brokers by doing the same but then on the websites of regulatory bodies like CySEC, FINRA, BaFIN, ASIC, or FCA instead. Note that most cryptocurrency exchanges operate unlicensed as there are no rules in place for them.
Conclusion
Based on our review, we consider CMC Markets as the best trading platform for Montserrat residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
Capital.com is the second best trading platform for Montserrat residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. AVATrade, XTB and OandA 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 Montserrat?
Yes, there are trading platforms available in Montserrat that offer 0% commission trading like AvaTrade.
How Much Should I Invest When Trading Online in Montserrat?
You should always invest at least the minimum deposit amount Montserrat and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Montserrat?
Yes, crypto trading is available to Montserrat 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 Montserrat-based brokers, you can check the website of the Financial Services Commission of Montserrat 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.