ASIC, CySEC, DFSA +2 more
Forex brokers in the Dominican Republic
The Dominican Republic is a country in the Caribbean region, sharing the island of Hispaniola with Haiti. It has about 10 million people and covers 48,000 square kilometers, making it the second-largest nation in the Antilles. Spanish is the official language, and most people are Christian. The capital is Santo Domingo, and the government follows a unitary presidential republic system.
Regarding Forex trading and financial markets, Forex brokers in the Dominican Republic operate under the oversight of the local authority, the Superintendencia de Valores de la República Dominicana (SV). The SV is a government agency responsible for supervising and regulating the country's securities and financial markets. Here is a list of the best Forex brokers we've identified in the Dominican Republic so far.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
8.28
The Dominican Republic's history includes the Taíno people, colonization by Christopher Columbus, Spanish rule, Haitian control, and struggles for independence. The country has undergone different forms of governance, including U.S. occupation and dictatorships, and has been moving towards representative democracy since 1978.
Trusted Forex brokers in the Dominican Republic face operating within a service-oriented economy. The country's main sectors include services, manufacturing, agriculture, mining, and trade. However, the financial sector is less developed, dealing with challenges like power outages. The nation also relies on remittances due to a significant diaspora in the USA.
Although there is a local regulator overseeing trusted Forex brokers, it's advisable to consider brokers regulated abroad by reputable authorities, as the local oversight may not be very strict. The SV doesn't have clear policies on leverage and compensation.
