Best Forex Brokers in Gibraltar
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.
Let’s get straight into it!
Table of contents
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.
Top 10 Best Forex Brokers in Gibraltar
Here is a closer look at some of the best forex broker choices Gibraltar has to offer:
First to feature as a top forex broker Gibraltar can offer is eToro. They have a global reputation that goes before them and they are an extremely well-respected and run operation. They are regulated by both the FCA and CySEC and also have an office in Gibraltar under the name eToro X Limited and have permission to operate from the GFSC.
eToro is an extremely popular broker choice with millions of traders using their services including copy trading through the excellent proprietary trading platform they offer. This is not all though, you can trade many assets including forex, stocks, and crypto with them. They also offer the ability to trade in these are real assets.
There is only one standard type of account offered, but you will find it a very user-friendly, and good value trading experience. The minimum deposit is $200 and you can also utilize a great, and unlimited demo account if you would like to try.
FXTM is the next broker Gibraltar traders can look forward to using that has a worldwide reputation for great service. They are regulated by both the FCA and CySEC and have permission from the GFSC to offer services in Gibraltar. FXTM is an extremely reliable ECN broker offering both instant and market execution for maximum flexibility.
If you are a new trader, then a very positive point to note is that FXTM has a minimum deposit starting from just $10 and they also offer a great unlimited demo account. A cent account is also offered that can help you trade at lower risk levels, while experienced traders can enjoy a great ECN account.
FXTM is also a great choice for real stock trading if you are interested in this. UK and EU clients with the broker will have the chance to trade these real markets while the broker also excels in copy trading with the service provided through their own dedicated FXTM Invest Platform which is very user-friendly.
Another excellent broker choice and one of the very best in Gibraltar is FP Markets. The broker originated from Australia but is now a strong force globally and is regulated well by CySEC in the EU. They offer both ECN/STP execution as well as operating as a DMA broker. This should mean suitability for all traders.
FP Markets is a particularly popular choice if you are interested in shares trading which is offered on the real assets. They have a great selection of more than 10,000 available as well as CFDs and even an unlimited demo account where you can get to know the broker and trading.
The cost of trading at FP Markets also ensures their popularity remains high. They have a spread that starts from the very bottom at 0 pips depending on the assets you trade while the minimum deposit starts from a great value of $100 but can reach $1000 for stockbroking accounts.
FBS is the next reputable broker to feature as a broker Gibraltar traders can sign up with for an excellent experience. They are an international name as an ECN/STP broker and have been award-winning in the industry over many years with more than 40 awards won.
FBS is a CFD-only broker so you can trade just CFDs here and not the real underlying assets. They do make this a very attractive proposition though with the spread dropping as low as -1 pips but typically starting from 0 pips depending on the asset. The minimum deposit is appealing too at only $10 for a Cent account under CySEC regulation. Many account types including an ECN account with a $1,000 minimum deposit are made available. You also have the Standard, Zero Spread, Cent, Micro, ECN, Islamic, and MAM accounts.
For copy trading too FBS is a great choice thanks to the excellent and proprietary trading platform they offer copy traders. The only point to note is that this service is not available to EU traders but many others are.
XM is next on our list of the best forex brokers Gibraltar has to offer. They again are known around the world and have a stellar reputation backed by many years of experience in the industry. XM is a market maker broker and they focus on providing CFD trading that is well-regulated under CySEC.
This broker appeals to traders of all types and experience levels, though as a new trader you will find many great perks including the ability to trade nano lots through their Micro and Ultra-Low account offerings. The minimum deposit from $5 to $100 also makes them extremely accessible to all for trading in more than 1,000 assets total.
With great features and capabilities in every area, XM is a very popular choice. You will also find a really top-quality, unlimited demo account here that can be extremely helpful if you are learning the ropes, or testing strategies. The costs are low too. XM spread starts from 0 pips with a Zero account and a low added commission of $3.50 per lot is added, though they do have commission-free trading on other account types.
AvaTrade is a top broker founded in Ireland but now operating worldwide which makes a great choice as a forex broker in Gibraltar for those trading. They are trusted and well-regulated by the FCA and offer an excellent range of account types, assets, and trading platforms.
The AvaTrade offering also extends to copy and social trading which they make available through their platforms if you are interested. Furthermore, as a UK trader, you will have the ability to start spread betting through AvaTrade. They offer something for everyone.
At the broker, their minimum deposit is very appealing too. This is just $100 across all account types, and they are one of only a few top brokers to offer fixed spreads that can start from very low levels and not change. This can be from as low as 0.9 pips depending on the asset.
When talking about the best broker Gibraltar has to offer, Plus500 has to feature in the conversation. They are a very well-known market maker CFD provider and one of the most trusted operating around the world, including in Gibraltar. They have extremely good regulation from the FCA and CySEC and operate with the permission of the GFSC.
At Plus500 you will find a very accessible minimum deposit amount from just $100 and an unlimited demo account that can make for the perfect place to get to know trading if you are new to the industry, or test out strategies if you are more experienced. They also offer their own proprietary trading platform that is extremely user-friendly and has many top features.
In total, Plus500 offers more than 2,000 assets as CFDs and this selection includes not only forex but also ETFs, options, and many other asset classes and in a very fee-friendly trading environment.
Easy Markets is another top broker Gibraltar traders can choose if they are looking for a respected, and well-regulated operation. Easy Markets are regulated by CySEC in Europe and have a longstanding history of providing top-quality service.
They are a very accessible broker with a low minimum deposit starting from just $100 that makes it easy for you to get into trading. Then, as a new trader, they offer a particularly beneficial feature, their unlimited demo account. Perfect for practice or strategy testing. At Easy Markets, you will also find excellent base currency support with 18 available including less known choices like TRY, CZK, PLN, SEK, and NOK for a diverse range.
Through this broker, you will have access to an extensive range of assets you can trade. Included in this will be more than 100 forex currency pairs with everything trading through the MT4 trading platform, or the brokers own proprietary web platform while they also have a proprietary Vanilla options platform that can be ideal for more experienced traders.
Next our focus turns to another excellent choice with a worldwide reputation and excellent regulation in place. Markets.com is a market maker broker that is very well-regulated under both FCA and CySEC and presents a great choice as a broker Gibraltar traders can sign up with.
This broker again is very accessible in terms of the minimum deposit that stands at just $100 to get you started, and they are another broker that offers the use of an excellent and unlimited demo account. They are also an ideal choice if you want to trade real shares since this is permitted through their Investing account. Markets.com spread betting is also available to UK or Ireland traders.
In all, you will find an excellent range of assets available including more than 65 forex pairs and an excellent spread that starts from 0.6 pips depending on the asset and helps to keep trading costs as low as possible.
Last but not least on our listing of top Gibraltar forex brokers, HotForex is an instantly recognized brand and broker name trusted worldwide. They are an ECN/STP broker that is well-regulated by both CySEC and the FCA for a great trading experience.
Again this broker is very open in providing access to traders of all types and levels. This is well showcased by their low minimum deposit from $5 for the Micro Account and the excellent unlimited demo account that they offer. You will find many other account types available here too depending on your needs. These include a PAMM Account, An Auto Account, as well as a Copy Trading Account, and the popular HF Copy Account if you are into copy trading.
When it comes to actually trading, both MT4 and MT5 trading platforms are available to choose alongside a proprietary mobile platform from the broker that is well thought off. The trading costs are also kept as low as possible too with a great value spread starting as low as 0 pips.
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]
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