Best Forex Brokers for Barbados in 2021

Best Forex Brokers for Barbados in 2021

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Barbados is an island in the Lesser Antilles of the West Indies, and forex traders in Barbados can engage in the online forex market to speculate on exchange rates by using any of these forex brokers:

  1. Axi
  2. XTB
  3. Axiory
  4. Admirals
  5. Exness
  6. FP Markets
  7. XM

1. Axi

Axi is a forex trading broker and trading platform established in the United Kingdom and Australia in 2007 by Quinn Perrott and Goran Drapac. Axi’s CEO is Rajesh Yohannan, who has held the position since 2016. Axi is regulated by ASIC, FCA, and SVG FSA, and its yearly trading volume is more than 2.5 trillion USD.

In terms of forex traders, there are more than 60 000 registered forex traders from over 100 countries, according to the official Axi website. According to reliable sources, there are between 250 and 500 employees are currently working for Axi.

There is no minimum deposit when forex traders register a real account with Axi. In terms of forex trading fees, Axi charges spread from xxx and commissions of 0-pip spread on EUR/USD, with commissions from $7.

Regarding trade execution speeds, forex traders can expect fast, reliable trade execution with minimal slippage. Where website and client fund security are concerned, Axi provides a safe, encrypted, fair environment in which trades can be executed.

In terms of financial markets, Axi offers a variety of tradable financial instruments across these asset classes:

  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • Metals
  • Energies
  • Bonds
  • CFDs
  • ETFs

Regarding trading software for Axi, forex traders can use the following applications:

  1. Metatrader 4
  2. MetaTrader 4 NextGen

Regarding the research and training provided by Axi, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Beginner’s Guides
  2. Trading Basics
  3. Seminars and Webinars
  4. Markets Blog
  5. Axi Academy

In terms of customer support, Axi can be contacted through:

  • Email
  • Telephone
  • Live chat
  • WhatsApp
  • Facebook
  • LinkedIn
  • Twitter

In terms of the service area, Axi serves traders from around the world except for traders from these regions:

  • Iran
  • Canada
  • The United States

In terms of currency types, Axi supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • AUD, and several more.

When compared to other forex brokers, Axi offers the following unique sides and features:

  • Funding for talented traders
  • Some of the best pricing in the industry
  • Fast execution of trades

Axi is a very active forex broker in Barbados, with more than 100 registered traders that use the platform daily. Axi has a decent market share which it shares with other forex brokers in the industry. Barbados citizens are provided with several privileges such as access to a range of markets, tailored trading solutions, and trusted broker services.

Axi is a popular choice for Barbados citizens who are either beginners or professional traders.

To get more information, you can read the Axi review.

2. XTB

XTB is a forex trading broker and trading platform established in Belize in 2002 by Jakub Zablocki. XTB’s CEO is Carl Kirchner, who has held the position for several years. XTB is regulated by FCA, IFSC, ACPR, BaFin, KNF, CNMV, and CMB, and its market capitalization is more than 2 million USD, according to official stock information.

In terms of forex traders, there are more than 275,000 registered forex traders, according to the official XTB website. According to reliable sources, there are 500 employees are currently working for XTB.

There is a minimum deposit of $250 when forex traders register a real account with XTB. In terms of forex trading fees, XTB charges spread from 0.5 pips and commissions from 0.08% on ETF and Stock CFDs.

Regarding trade execution speeds, forex traders can have reliable and fast execution speeds with low latency, minimal slippage, and no re-quotes. Where website and client fund security are concerned, XTB uses strict security protocols to ensure client fund security.

In terms of financial markets, XTB offers a variety of tradable financial instruments across these asset classes:

  • Forex
  • Indices
  • Commodities
  • Cryptocurrencies
  • CFDs

Regarding trading software for XTB, forex traders can use the following applications:

  1. XTB Online Trading xStation 5
  2. MetaTrader 4

Regarding the research and training provided by XTB, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Market Sentiment
  2. Market Calendar
  3. Trading Academy
  4. Trading Articles
  5. Live Webinars

In terms of customer support, XTB can be contacted through:

  • Facebook
  • Twitter
  • Email
  • Telephone
  • Live chat

In terms of the service area, XTB serves traders from around the world except for traders from these regions:

  • United States
  • Canada
  • Australia
  • Japan
  • Cuba
  • Syria
  • North or South Korea, and a few other regions on the OFAC list.

In terms of currency types, XTB supports the following currencies:

  • USD
  • EUR
  • GBP
  • HUF

When compared to other forex brokers, XTB offers the following unique sides and features:

  • Advanced trading technologies
  • Listed on a stock exchange
  • Award-winning services and solutions
  • Offices in more than 13 countries

XTB is a very active forex broker in Barbados and has more than 100 registered users that trade in forex. XTB has a decent market share in Barbados and offers traders the privilege of a range of markets, powerful trading software, and award-winning services.

XTB is a popular choice for Barbados citizens who are just starting to trade along with those who are experienced and professionals in forex trading.

To get more information, you can read the XTB review.

3. Axiory

Axiory is a forex trading broker and trading platform established in Belize in 2007. Axiory’s CEO is Roberto d'Ambrosio, who has held the position since 2019. Axiory is regulated by International Financial Services Commission (IFSC).

According to reliable sources, there are between 10 and 50employees are currently working for Axiory. There is a minimum deposit of $50 when forex traders register a real account with Axiory. In terms of forex trading fees, Axiory charges spread from 0.2 pips on EUR/USD and commission charges from $6 per lot.

Regarding trade execution speeds, forex traders can expect trades to be executed within 200 milliseconds. Where website and client fund security is concerned, Axiory ensures segregation of client funds and provides compensation to eligible traders if they cannot fulfill their financial obligations or goes bankrupt.

In terms of financial markets, Axiory offers a variety of tradable financial instruments across these asset classes:

  • Stock CFDs
  • CFD Indices
  • Energies
  • Metals
  • Forex
  • Stocks

Regarding trading software for Axiory, forex traders can use the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. cTrader

Regarding the research and training provided by Axiory, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. MyAxiory
  2. Calculators
  3. AutoChartist
  4. Strike Indicator

In terms of customer support, Axiory can be contacted through:

  • Twitter
  • Instagram
  • Email
  • Telephone
  • Live chat
  • Facebook
  • LinkedIn

In terms of the service area, Axiory serves traders from around the world except for traders from Japan and the United States. In terms of currency types, Axiory supports the following currencies:

  • USD
  • EUR
  • GBP
  • AUD, and several others.

When compared to other forex brokers, Axiory offers the following unique sides and features:

  • Transparent and trusted solutions
  • Tight spreads and competitive commission charges

Axiory is a forex broker active in Barbados, allowing traders to use its unique services. Axiory has a decent market share, and there are more than 100 registered forex traders from Barbados that have signed up for an account. Barbados traders are not given any privileges but can expect a range of markets, transparent fees, and powerful trading platforms.

To get more information, you can read the Axiory review.

4. Admirals

Admirals is a forex trading broker and trading platform established in the United Kingdom in 2001. Admirals’ CEO is Sergei Bogatenkov, who has held the position since 2014. Admirals is regulated by FCA, CySEC, EFSA, and AFSL and its market capitalization is $12 billion, according to official stock information.

Admirals also have a daily trading volume of more than $3.2 billion, and in terms of forex traders, there are more than a million registered forex traders, according to the official Admirals website. According to reliable sources, there are 250 and 500 employees are currently working for Admirals.

There is a minimum deposit of $1 when forex traders register a real account with Admirals. In terms of forex trading fees, Admirals charges 0-pip spreads and commissions from as low as $0.01.

Regarding trade execution speeds, forex traders can expect that 90% of all trades are executed within 90 milliseconds. Where website and client fund security is concerned, Admirals is regulated by strict entities and is a trusted forex broker that uses innovative protocols and processes.

In terms of financial markets, Admirals offers more than 4,000 tradable financial instruments across these asset classes:

  • Forex
  • Shares
  • Cryptocurrency CFDs
  • Bonds
  • Energies
  • Metals
  • Commodities
  • Indices

Regarding trading software for Admirals, forex traders can use the following applications:

  1. MetaTrader 5
  2. MetaTrader 4
  3. MetaTrader Supreme Edition

Regarding the research and training provided by Admirals, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Premium Analytics
  2. Fundamental and Technical Analysis
  3. Forex Calendar
  4. Trading Central
  5. Glossary, and several others.

In terms of customer support, Admirals can be contacted through:

  • Twitter
  • LinkedIn
  • Instagram
  • Live Chat
  • Telephone
  • Email
  • Facebook

In terms of the service area, Admirals serves traders from around the world except for traders from these regions:

  • United States
  • Japan
  • Singapore
  • Canada
  • Malaysia, and some other regions.

In terms of currency types, Admirals supports the following currencies:

  • USD
  • SEK
  • RUB
  • EUR
  • GBP
  • BGN
  • AUD, and several others.

When compared to other forex brokers, Admirals offers the following unique sides and features:

  • Award-winning trading solutions and services.
  • Flexible trading options and accounts
  • Forex education and analysis

Admirals is a very active forex broker in Barbados that has thousands of registered traders who use its platforms. Admirals have a good market share and offer Barbados citizens a variety of privileges, award-winning service, education, and an array of trading tools.

Admirals is a popular choice for Barbados citizens as a result of its unique, comprehensive offering.

To get more information, you can read the Admirals review.

5. Exness

Exness is a forex trading broker and trading platform established in 2008 in Cyprus by Petr Valov. Exness’ CEO is David Morris, who has held the position since 2016. Exness is regulated by CySEC and FCA, and its monthly trading volume exceeds $300 billion.

In terms of forex traders, there are more than 70,000 registered forex traders, according to the official Exness website. According to reliable sources, there are between 100 and 500 employees are currently working for Exness.

There is a minimum deposit of $10 when forex traders register a real account with Exness. In terms of forex trading fees, Exness charges variable, tight spreads, and low commission charges from $3.5 per lot, per side.

Regarding trade execution speeds, forex traders can expect trades to be executed within a few milliseconds. Where website and client fund security is concerned, Exness uses Exness uses strict protocols and the most innovative security technology.

In terms of financial markets, Exness offers a variety of tradable financial instruments across these asset classes:

  • Forex
  • Metals
  • Energies
  • Indices
  • Cryptocurrencies
  • CFDs

Regarding trading software for Exness, forex traders can use the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

Regarding the research and training provided by Exness, forex traders can expect a blog along with the following tools, material, and resources:

  1. VPS Hosting
  2. WebTV
  3. Tick History 
  4. Economic Calendar
  5. Forex Calculator
  6. Convertors

In terms of customer support, Exness can be contacted through:

  • Email
  • Telephone
  • Live Chat
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

In terms of the service area, Exness serves traders from around the world except for traders who reside in Canada, the United States, and Japan. In terms of currency types, Exness supports the following currencies:

  • USD
  • AUD
  • GBP
  • ZAR
  • CHF, and others.

When compared to other forex brokers, Exness offers the following unique sides and features:

  • Powerful trading platforms
  • Excellent services tailor-made for beginners and professionals
  • Competitive trading conditions

Exness is a very active forex broker in Barbados that has more than 100 registered traders that make use of its platform to execute trades. Exness has a large market share and offers Barbados citizens an array of privileges such as competitive conditions, flexible solutions, and more.

Exness is a popular choice for citizens of Barbados as a result of its unique offering and reliable trading services.

To get more information, you can read the Exness review.

6. FP Markets

FP Markets is a forex trading broker and trading platform established in Australia in 2005 by Matthew Murphie. FP Markets’ CEO is Nick Twidale, who has held the position since 2020. FP Markets is regulated by ASIC, CySEC, and SVG FSA in offering its services to Barbados and other forex traders.

In terms of forex traders, there is an undisclosed number of registered forex traders, according to the official FP Markets website. According to reliable sources, there are between 50 and 100employees are currently working for FP Markets.

There is a minimum deposit of $100 when forex traders register a real account with FP Markets. In terms of forex trading fees, FP Markets charges 0-pip spreads and commissions of $3 per $100,000 traded.

Regarding trade execution speeds, forex traders can expect trades to be executed instantly with low latency. Where website and client fund security are concerned, FP Markets is a trusted, reputable forex broker and trading platform that guarantees client fund safety in a secure trading environment.

In terms of financial markets, FP Markets offers a variety of tradable financial instruments across these asset classes:

  • Forex
  • Commodities
  • Indices
  • Cryptocurrency
  • Metals
  • Energies
  • Equities
  • CFDs

Regarding trading software for FP Markets, forex traders can use the following applications:

  1. IRESS Trading Platform
  2. MetaTrader 4
  3. MetaTrader 5

Regarding the research and training provided by FP Markets, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Traders Hub
  2. Copytrading
  3. AutoChartist
  4. Trader Toolbox
  5. Forex VPS
  6. MAM/PAMM

In terms of customer support, FP Markets can be contacted through:

  • Facebook
  • Email
  • Live chat
  • Twitter
  • Instagram
  • LinkedIn
  • Telephone

In terms of the service area, FP Markets serves traders from around the world except for traders from the United States, Japan, and New Zealand. In terms of currency types, FP Markets supports the following currencies:

  • USD
  • EUR
  • GBP
  • AUD, and more.

When compared to other forex brokers, FP Markets offers the following unique sides and features:

  • Award-winning trading software
  • Deep liquidity
  • Low latency trading

FP Markets is a very active forex broker in Barbados with many registered forex traders that trade through its platforms. FP Markets has a decent market share which it shares with other competitors who offer their services.

Barbados citizens are given privileges such as promotions, access to reputable liquidity providers, and a range of useful trading tools. FP Markets is a popular choice for Barbados citizens because of its powerful trading software, security, and award-winning trading solutions.

To get more information, you can read the FP Markets review.

7. XM

XM is a forex trading broker and trading platform that has been in operation since 2009. XM’s CEO is Constantinos Cleanthous, who has held the position for several years. XM is regulated by ASIC, CySEC, and IFSC, and its market capitalization is more than 14.26 billion USD, according to official stock information.

In terms of forex traders, there are more than 3.5 million active registered forex traders, according to the official XM website. According to reliable sources, there are over 450 employees are currently working for XM.

There is a minimum deposit of 5 USD when forex traders register for a real account. In terms of forex trading fees, XM charges spread from 0.0 pips with commission-free trading.

Regarding trade execution speeds, forex traders can expect 99.35% of all trades are executed within a second. Where website and client fund security is concerned, XM uses innovative and advanced security methods and technologies to ensure a safe, transparent, and protected trading environment.

In terms of financial markets, XM offers a variety of tradable financial instruments across these asset classes:

  • Forex
  • Commodities
  • Cryptocurrency
  • Energies
  • CFDs
  • Stocks
  • Shares
  • Indices
  • Metals

Regarding trading software for XM, forex traders can use the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

Regarding the research and training provided by XM, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Forex Seminars Market Overview
  2. XM Research
  3. Trade-Ideas
  4. Technical Summaries
  5. Economic Calendar, and several others.

In terms of customer support, XM can be contacted through:

  • Twitter
  • Instagram
  • LinkedIn
  • Live Chat
  • Email
  • Telephone
  • Facebook

In terms of the service area, XM serves traders from around the world except for traders from these regions:

  • USA
  • Canada
  • Iran
  • Israel

In terms of currency types, XM supports the following currencies:

  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • ZAR

When compared to other forex brokers, XM offers the following unique sides and features:

  • Trust and commitment
  • Low commissions and fees
  • Promotions and rewards

XM is a very active forex broker in Barbados, with more than 1,000 traders that use its services and trading platforms daily. XM has a market share of more than 20% in Bangladesh as a result of the versatile solutions that it offers. XM offers Barbados traders a range of privileges, account types, promotions, and award-winning services.

XM is a popular choice for Barbados traders due to its advanced, comprehensive trading solutions.

To get more information, you can read the XM review.

Forex Trading in Barbados

The Central Bank of Barbados was established in 1972, and as part of its plans to boost economic development, the Barbados dollar (BBD), the official currency of Barbados, was introduced in 1973 to replace the Eastern Caribbean dollar.

The Barbados dollar, much like all other currencies in the world, can be exchanged on the forex market to earn a profit by making use of any brokers, as indicated in this article.

What should be known for Forex Trading in Barbados?

Barbados is the 53rd richest country in the world where Gross Domestic Product (GDP) is concerned, placing it 66th amongst the highest income economies on earth. Barbados is rich in resources and has drawn foreign investors from all over the world throughout the years.

Traders in Barbados are accepted by many popular, reputable forex brokers that offer competitive trading conditions, a range of reliable trading platforms, and a plethora of trading opportunities to make a profit in the forex market.

According to surveys, forex trading in Barbados increased by 18.3% in 2020, with further increases expected with widespread internet and further improvements in trading technology.

Who are the Forex Regulators in Barbados?

There are no designated regulators in Barbados. However, the Central Bank of Barbados oversees some forex trading activities to ensure that traders remain safe. It is still the responsibility of forex traders to ensure that they use regulated, legitimate forex brokers.

Is Forex Trading legal in Barbados?

Yes, forex trading is legal in Barbados.

How Many Forex Traders are there in Barbados?

The exact number of forex traders in Barbados is not given by official sources. There are more than 2 million forex traders in North America. Overall, of which a portion will be forex traders from Barbados.

What do Barbados’s Citizens think about Forex Trading?

There has been an increase in forex trading in Barbados as more citizens start exploring the trading opportunities and chances to make a profit in forex trading activities.

Best Forex Brokers for Beginners in Barbados

The best forex brokers for beginners in Barbados are:

  1. Axi
  2. Admirals
  3. Exness
  4. FP Markets
  5. XM

These forex brokers are well-known for their educational tools, materials, and resources that help beginner traders start their forex trading journey.

Best Forex Brokers for Experts in Barbados

The best forex brokers for expert traders in Barbados are:

  1. Axiory
  2. XTB
  3. Axi
  4. FBS
  5. Alpari

Best Forex Brokers for Other Countries

The Best Forex brokers for Saint Lucia are:

  1. OANDA
  2. IC Markets
  3. IG
  4. Trading 212
  5. Questrade

The Best Forex brokers for Saint Vincent and the Grenadines are:

  1. IC Markets
  2. Exness
  3. FP Markets
  4. FxPro
  5. XTB

The Best Forex brokers for Trinidad and Tobago are:

  1. Tickmill
  2. Blackbull Markets
  3. FXTM
  4. AvaTrade
  5. HotForex