Best Forex Brokers in Gibraltar

filippo ucchino Filippo Ucchino calendar Last Updated: June 2022 timer 11 Min Read

At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

So, you are based in Gibraltar and want to get into forex trading?

You have reached just the right place. Of course, here you will show you all of the Best Forex Brokers. We will also provide information on everything you need to know about trading in Gibraltar.

That means, not only all of the information on every top broker Gibraltar has to offer, but also the steps to getting started, and extra tips on what to look out for when choosing your broker here.

Table of Content

Round-up

The best forex brokers in Gibraltar are:

  1. eToro: best forex broker overall
  2. FXTM: best broker for professional traders
  3. FP Markets: best low spread broker
  4. FBS: best broker for beginners
  5. XM: best trading execution
  6. AvaTrade: best for fixed spread forex trading
  7. Plus500: one of the best trading platforms
  8. EasyMarkets: flexible trading conditions
  9. Markets.com: best for CFD trading
  10. HotForex: best educational resources

Top 10 forex brokers in Gibraltar: 2022 review

Here is a closer look at some of the best forex broker choices Gibraltar has to offer:

Open Account
68% of retail investor accounts lose money
Platforms: Proprietary Web Platform
Regulations: FCA, CFTC, MIFID-ESMA, ASIC, CYSEC
Minimum Deposit: 200
Open Account
81% of retail investor accounts lose money
Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, Proprietary Web Platform
Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, FSC (Mauritius)
Minimum Deposit: 10
Open Account
74-89% of retail CFD accounts lose money
Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms
Regulations: ASIC
Minimum Deposit: 100
Open Account
74-89% of retail CFD accounts lose money
Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms
Regulations: MIFID-ESMA, ASIC, FSCA, CYSEC, IFSC (Belize)
Minimum Deposit: 1
Open Account
73.57% of retail investor accounts lose money
Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms
Regulations: MIFID-ESMA, ASIC, CYSEC
Minimum Deposit: 5
Open Account
79% of retail investor accounts lose money
Platforms: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms
Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSCA
Minimum Deposit: 100
Open Account
77% of retail investor accounts lose money
Platforms: Proprietary Web Platform
Regulations: MAS, FCA, MIFID-ESMA, ASIC, FMA, CYSEC, ISA
Minimum Deposit: 100
Open Account
75% of retail investor accounts lose money
Platforms: Proprietary Web Platform
Regulations: MIFID-ESMA, ASIC, CYSEC
Minimum Deposit:
Open Account
71% of retail investor accounts lose money
Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Web Platform
Regulations: MIFID-ESMA, ASIC, FMA, FSCA, CYSEC
Minimum Deposit: 100
Open Account
71.24% of retail investor accounts lose money
Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web
Regulations: MIFID-ESMA, CYSEC
Minimum Deposit: 5

Is Forex Trading legal in Gibraltar?

Absolutely. Forex trading in Gibraltar is completely legal. In fact, Gibraltar has a strong regulatory body in the form of the Gibraltar Financial Services Commission (GFSC). GFSC brokers are regulated in accordance with the MiFID derivatives, combined with the rules of other regulatory bodies, like the FCA in the UK. This affords very good protection to traders in Gibraltar.

Even though the regulatory environment is excellent, forex scams are still possible. For this reason, you should always double-check and verify the regulatory status of your broker before you start to trade.

How to trade forex in Gibraltar

Just like in other areas, there are a couple of key things you will need if you want to trade forex in Gibraltar. These include an ID like your passport to verify your identity, and a recent utility bill or bank statement to confirm your residence. You will also want to have some funds available to make your first deposit when needed.

Again, make sure you choose a well-regulated broker like the choice below that is regulated under ESMA by the likes of the FCA and CySEC for the best protection.

Gibraltar trader? Here’s what to look for in a forex broker

If you are interested in forex trading in Gibraltar, it is important you know of any specifics in the area, and what to look out for. Generally, aside from forex spot trading which is not regulated, everything is OK when trading here. This means spread betting, binary options, and trading in crypto, ETFs, bonds, options, commodities, stocks are all permitted as long as offered by the broker.

The most important thing you will want to check is that the broker is well-regulated by a trusted body as mentioned above. You will want to make sure they offer features like negative balance protection, and the use of segregated accounts, which all the top brokers as mentioned above do.

How to verify if a forex broker is regulated in Gibraltar

Prior to signing up, the important step is just to double-check the registration of the broker you want to choose. This is a very fast process that can be completed online. The FCA website can be used to confirm brokers regulated by them, while CySEC, the GFSC, and ESMA websites can all be used as needed to confirm your broker regulation.

ESMA regulation will depend on where the broker you are dealing with has registered, but in Europe, almost all areas are covered under the regulations.

With the GFSC also directly under the supervision of MiFID and the European regulatory structure, every forex broker with a license in Gibraltar has the permission to provide its service with no additional licenses in all the EU. This also provides a great deal of protection to you as a trader.

Is forex trading taxable in Gibraltar?

Forex trading in Gibraltar is tax-free. There is no Capital Gains Tax in Gibraltar. You can check the government of Gibraltar’s site for further information on this, but you should not expect to pay any tax on the proceeds of your trading.

  • [Disclaimer: we are not accountants, we have done internet research. Due to these grey areas, we strongly suggest you contacting local authorities before proceeding]

About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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