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Best Trading Platform in Montserrat

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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 6 Trading Platforms in Montserrat

best-trading-platform-montserrat
  1. eToro – Best trading platform overall
  2. CMC Markets – Broker known for its award winning trading experience
  3. Capital.com – Best in research and education
  4. AVAtrade – Best Forex trading and CFD Platform
  5. XTB – Powerful trading tools and great order execution
  6. OandA – Low risk CFD and forex broker

Best Online Trading Platforms Montserrat

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1eToro4.9Best trading platform Overall$200
#2CMC Markets5Broker known for its award winning trading experience$0
#3Capital.com4.7Best in research and education$20
#4AVAtrade4.8Best Forex trading and CFD Platform$100
#5XTB4.5Powerful trading tools and great order execution$250
#6OandA4Low risk CFD and forex broker$0


Below section breaks down the best trading platforms in Montserrat beginning with the highest rated…

01. eToro: Best Platform Overall

etoro-rating

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.


02. CMC Markets: Broker known for its award winning trading experience

cmc-markets-rating

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.


03. Capital.com: Best For Research and Education (Discount Broker)

capital-com-broker-rating

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.


04. AvaTrade: Best Forex trading and CFD Platform

avatrade-rating

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.


05. XTB: Powerful trading tools and great order execution

xtb-rating

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.


06. OandA: Low risk CFD and forex broker

oanda-rating

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).


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 eToro 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.

CMC Markets 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. Capital.com, 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 eToro and 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.


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.

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