In this guide, we go over the best international online brokers in Dominica. We analyzed and researched hundreds of brokers based on a variety of different factors. We compared every aspect of their services, focusing on security, fees & commissions, trading platform, regulation, offering of investments, trading tools, deposits & withdrawals, and more. Brokers had to meet a threshold to be considered in the following list.
Best Online Brokers in Dominica
- Interactive Brokers comes in first as the best broker in Dominica. Founded in 1978. Best Market Access.
- XTB comes in second. Best CFD Broker in Dominica.
- Capital.com is in third. Commission Free Real Stocks. Educational Content and Research.
- Admiral Markets finishes the list. Best MetaTrader Platform in Dominica.
Best Online Trading Platforms in Dominica
| Trading Platform | Our Score | Information | Minimum Deposit | |
|---|---|---|---|---|
| #1 | Interactive Brokers | 4.9 | International Broker With Wide Market Access. | $0 |
| #2 | XTB | 4.8 | Great CFD Broker. | $250 |
| #3 | Capital.com | 4.8 | Wide Range Of Products. Zero Commission Real Stocks. | $20 |
| #4 | Admiral Markets | 4.7 | Low Spreads. Great Education. | $100 |
Read below, where we breakdown the top Stock Brokers in Dominica, starting with our best-rated Interactive Brokers.
1. Interactive Brokers – Best Broker Overall in Dominica
Interactive Brokers, a brokerage firm founded in 1978
and listed on the NASDAQ, is one of the most
reputable brokers you can invest with in Dominica. IBKR
gives you access to 135 marketplaces in 33 countries,
ensuring that the vast majority of global clients are
satisfied.
IBKR is a fantastic option for traders who
want to trade a wide selection of assets at low rates while
also benefiting from thorough research tools. These
fantastic features are available without the need to pay any
extra inactivity fees. Plus, it's a safe and well-regulated
broker, overseen by top-tier regulators.
Interactive Brokers offers Stocks, ETFs, Options, Futures, FOPs, Forex, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.
For more, read our comprehensive review of Interactive Brokers.
2. XTB – Great CFD Broker
When it comes to trading costs, we highly recommend XTB. It is a low-cost CFD broker fouded in 2002 with offices in London and Warsaw. If you seek a simple yet efficient trading experience with minimal forex CFD fees and fast deposits and withdrawals, XTB might be the broker for you.
XTB is regulated by several industry-leading regulatory authorities, including the Financial Conduct Authority (FCA). Users can also look at XTB's financial records online, which is a good sign of reliability.
For more, read our comprehensive review of XTB.
3. Capital.com – Best for Educational Content
Capital.com is a CFD broker, founded in
2016. It offers a wide range of markets. The company is
regulated by FCA, FSA, CySEC, ASIC and
NBRB.
They offer great order execution, low
spreads, great research and educational resources.
Capital.com operates with high security standards. Their
platform is easy to use and has great tools.
Capital.com
offers Forex, Commodities, Indices,
Cryptocurrencies, Shares, and
ETFs.
Capital.com outperforms other online
brokers with its wide teaching resources, thorough research,
and well-designed online trading
platform.
Capital.com is a great place for
beginners to start because it has a lot of educational
content, including articles, videos, and a thorough training
program. They also provide economic data analysis and
technical analysis.
For more, read our comprehensive review of Capital.com.
4. Admiral Markets – Best MetaTrader Platform in Dominica
4.9/5
Disclaimer: CFDs are complex instruments that 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. Make sure you understand how CFDs work and if you can afford to take the high risk of losing your money.
Since its foundation in 2001, Admiral Markets has grown in popularity as a well-regulated broker worldwide, and it's easy to see why. The broker provides its customers with a simple and quick account opening process and a wide selection of account types from which they can pick. Admiral Markets' MT4 and MT5 platforms, which provide you access to both basic and advanced trading capabilities, add to the overall quality of the broker.
Finally, Admiral Markets distinguishes itself from other MetaTrader-only brokers by providing additional tools and detailed research, such as Premium Analytics, which provides access to Trading Central, Dow Jones News, and Acuity Trading.
For more, read our comprehensive review of Admiral Markets.
Compare Trading Platforms In Dominica
Here is a comparison of platforms based on regulation, foundation date, regulation, minimum deposits, withdrawals and deposits, demo accounts, and more.
Check out how trading platforms stack up to each other:
| Trading Platform | Interactive Brokers | XTB | Capital.com | Admiral Markets |
|---|---|---|---|---|
| Founded | 1978 | 2002 | 2016 | 2001 |
| Regulation | SEC, CFTC, FCA, NFA | FCA, CySEC, Fincancial Services Commission in Belize | FCA, CySec, ASIC, MiFID | MiFID, FCA, Estonian Financial Supervision Authority |
| Offering Of Investments | Stocks, ETFs, Options, Futures, Currencies, Cryptocurrencies, US Spot Gold, Bonds, Mutual Funds, Hedge Funds | Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Crypto | Shares, Forex, Commodities, Indices, Crypto | Forex, Shares, Indices, Commodities, Cyptocurrencies, ETFs |
| Minimum Deposit | $0 | $0 | $20 | $100 |
| Demo Account | Yes | Yes | Yes | Yes |
| Withdrawal Fee | 1 Free Withdrawal per Month | 20 USD for withdrawals under 100 USD | $0 | $0 |
| Inactivity Fee | No | $10 monthly after 12 months | No | $10 per month |
| Deposit Methods | Bank Wire, Credit Cards, ACH, Mail a check, Rollover, Online Bill Pay, Trustee-to-Trustee, SEP Contribution | Bank Transfers, Credit and Debit Cards, Skrill | Credit Cards, Bank Transfer, Wire Transfer, Sofort, IDeal, MultiBanko, Trustly, WebMoney, Qiwi, Skrill, and Neteller | Bank Transfer, Credit and Debit Card, Perfect Money |
Trading Fees Compared
| Trading Fee | Interactive Brokers | XTB | Capital.com | Admiral Markets |
|---|---|---|---|---|
| EURUSD | Spreads | 0.1 - 0.5 | Spread: 0.00006 | 0.00008 |
| GBPUSD | Spreads | 0.1 - 0.5 | Spread: 0.00013 | 0.0001 |
| Bitcoin | 0.12% - 0.18% of trade value | 3.5 USD | Spread: 90 | N/A |
| Apple Fees | $0 commissions | 0.30% | $0 | 0.02 USD (minimum $1) |
| Tesla Fees | $0 commissions | 0.30% | $0 | 0.02 USD (minimum $1) |
| Amazon Fees | $0 commissions | 0.30% | $0 | 0.02 USD (minimum $1) |
| S&P 500 Fees | N/A | N/A | Spread: 0.8 | N/A |
| Options Fee | N/A | N/A | N/A | N/A |
| Mutal Fund Fees | N/A | N/A | N/A | N/A |
| ETF Fee | $0 commissions | 0.30% | N/A | 0.02 USD (minimum $1) |
How to pick an online trading platform?
When picking a platform, you should consider the following factors:
- Overall great service
- Regulation
- Safety
- Fees & Commissions
- Range of Products
- Account Opening Process
- Deposits & Withdrawals
Online Trading and Regulation in Dominica
Online trading in Dominica is gaining more and more attention from the ambitious residents of the country, and for the trading process to be both safe and successful, it needs to be overseen by the financial regulator(s) in this country. The Financial Service Unit of the Commonwealth of Dominica (FSU)is the financial regulatory body in Dominica.
To learn more about the FSU, you can visit its official website: https://fsu.gov.dm/, or its webpage on Wikipedia.
Final Verdict
We hope you found all the details you needed in our guide. We took into account every possible detail of all renowned brokers, such as fees, payment methods, regulatory bodies, commission charges, to provide you with the best options. Just to recap, here are the best online brokers in Dominica:
| Interactive Brokers | XTB | Capital.com | Admiral Markets | |
|---|---|---|---|---|
| Our Score | 4.9 | 4.8 | 4.8 | 4.7 |
| Fees Score | 5.0 | 4.8 | 4.8 | 4.7 |
| Mobile App Score | 4.9 | 4.8 | 4.8 | 4.7 |
| Trading Platform Score | 4.8 | 4.8 | 4.8 | 4.6 |
| Offering Of Investments Score | 5.0 | 4.6 | 4.8 | 4.7 |
| Regulation Score | 5.0 | 4.7 | 4.7 | 4.7 |
