In this guide, we go over the best trading platforms in the Bahamas. 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.
Top 5 Trading Platforms in The Bahamas
- Interactive Brokers is the Best Trading Platform in The Bahamas. Established in 1978. Regulated by Top-tier Authorities. Wide Range of Investments.
- Avatrade comes in second. Low Fees and Commissions. Great for Forex and CFD Trading.
- XTB Comes in Third. Best for CFD Trading in The Bahamas.
- Capital.com is in Fourth Place. Commission Free Real Stocks. Low Forex CFD Fees.
- Saxo Markets finishes the list. Wide variety of investment options.
Table of Contents
- Top 5 Trading Platforms in The Bahamas
- Best Online Trading Platforms and Brokers in The Bahamas
- How to pick an online trading platform?
- Interactive Brokers – Best Broker in the Bahamas Overall
- AvaTrade – Best Forex Broker in The Bahams
- XTB – Trade With Cash Back Rebates
- Capital.com – Best CFD Platform in The Bahamas
- Saxo Markets – Best for High Net-Worth Investors
- Online Trading in The Bahamas
- Final Verdict
Best Online Trading Platforms and Brokers in The Bahamas
| Trading Platform | Our Score | Information | Minimum Deposit | |
|---|---|---|---|---|
| #1 | Interactive Brokers | 4.9 | Best Platform For Investors. Strong Reputation and Regulation. | $0 |
| #2 | AvaTrade | 4.9 | Best For Forex Trading in The Bahamas. | $100 |
| #3 | XTB | 4.9 | Great For CFD Trading. | $200 |
| #4 | Capital.com | 4.7 | Good Trading Platform for Research. | $0 |
| #5 | Saxo Markets | 4.7 | Best Broker for High Net-Worth Traders. | $2000 |
How to pick an online trading platform?
When picking Bahamian trading platform you should consider the following factors:
- Overall great service
- Regulation
- Safety
- Fees & Commissions
- Range of Products
- Account Opening Process
- Deposits & Withdrawals
Read below, where we breakdown the Best Stock Trading Platforms in The Bahamas, starting with our best-rated Interactive Brokers.
Interactive Brokers – Best Broker in the Bahamas Overall
Interactive Brokers is one of the best trading platforms available for Traders in The Bahamas. IBKR was established in 1978 and is regulated across the world by top-tier authorities. The company is listed on NASDAQ. IBKR offers a wide variety of markets, across 135 markets in 33 countries. Most traders who seek to trade a variety of products at low rates while also using a variety of advanced research tools will find IBKR to be an excellent choice.
Interactive Brokers offers Stocks, ETFs, Options, Futures, FOPs, Forex, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.
They just released IBKR Global Trader, which is their brand new intuitive and easy to use trading platform.
AvaTrade – Best Forex Broker in The Bahams
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
AvaTrade comes in second as the best broker for Bahamian Forex traders. Their trading platform and mobile app are one of the best, and intuitive with lots of features. Choose AvaTrade if you are looking for a reliable low-fee CFD broker offering Forex, Crypto, Stocks, Commodities, Indices, and more.
XTB – Trade With Cash Back Rebates
XTB is an established trading platform, founded in 2002, offering access to over 2100 global markets. They have over 450,000 customers worldwide, and offer fast and qualified customer support. Their platform and mobile app are easy-to-use and their education is top-notch. XTB is well regulated and trusted across the globe. They publish their financials on their website, which is a good sign.
Capital.com – Best CFD Platform in The Bahamas
Capital.com offers 0% commissions, tight spreads, and fast order execution. They have a plethora of educational resources, including an educational app, online courses and trading guides. When it comes to educational resources, research, and trading platform, Capital.com has a leg up on many of its competitors in the industry. The company's superb research, which includes everything from fundamental economic data commentary to technical analysis, will leave you satisfied. Capital.com has a great trading platform with an arguably even better mobile app. While testing, we found their intuitive platform easy to use, with advanced indicators, analytics and charts.
Saxo Markets – Best for High Net-Worth Investors
Saxo Markets is a great investment brokerage for high net-worth individuals. Saxo Markets is part of a Danish investment bank, established in 1992.
Saxo Bank is an excellent multi-asset online broker that offers you a cutting-edge online trading platform, comprehensive research, and a large variety of 40,000+ securities. Moreover, Saxo Bank provides active traders a comprehensive choice of tools and premium services, so you're likely to have a wonderful trading experience with Saxo Bank.
And that’s not to mention the approval of top-tier financial regulators or Saxo Bank's banking background and long track record, making it a solid broker in terms of security.
On the downside, their fees are high for some products, and Saxo Markets has a $2,000 minimum deposit.
Online Trading in The Bahamas
The Bahamas International Securities Exchange (BISX) was founded in 2009, and is the securities exchange in the Bahamas. The exchange is located in Nassau. The market identifier code is: XBAA.
The economy of the Bahamas is depended on offshore banking and tourism. It is the richest country in the West Indies and 14th in North America based on nominal GDP.
15% of their GPD comes from financial services, making it a very popular country for online trading. Traders have the options to trade either through local or offshore brokers.
Regulation in the Bahamas
The Securities Commission of The Bahamas (SCB) was established in 1995 is the regulatory body in the Bahamas. The Commission is responsible for regulating and overseeing the securities, investment funds, and capital markets.
The commission is in charge of market surveillance, securities laws, regulation, and investor education program. Its aim is to protect investors and maintain an fair, efficient, and transparent markets.
Other regulatory Agencies are the Compliance Commission of The Bahamas, The Central Bank of The Bahamas, and the Financial and Corporate Service Providers.
How To Check Licenses in The Bahamas
To verify the Securities Commission of The Bahamas license you should visit the Registrant Licensee Status Search page.
For offshore brokers not registered in The Bahamas, we recommend choosing a regulated broker in top-tier regulations like FSA, FCA, MSA, CySEC, FINRA, BaFin, and ASIC.
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 broker options. Just to recap, here are the best online brokers in The Bahamas:
| Interactive Brokers | AvaTrade | XTB | Capital.com | Saxo Markets | |
|---|---|---|---|---|---|
| Our Score | 4.9 | 4.9 | 4.7 | 4.7 | 4.7 |
| Fees Score | 5.0 | 4.9 | 4.8 | 4.8 | 4.6 |
| Mobile App Score | 4.8 | 5.0 | 4.7 | 4.6 | 4.6 |
| Trading Platform Score | 4.8 | 4.9 | 4.7 | 4.8 | 4.8 |
| Offering Of Investments Score | 5.0 | 4.8 | 4.7 | 4.7 | 4.9 |
| Regulation Score | 5.0 | 4.9 | 4.6 | 4.8 | 4.9 |
