Best Forex Trading Platforms In Saint Helena 2024

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Written By
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Written By
Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
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Edited By
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Forex traders in St Helena, Ascension and the Tristan da Cunha islands have a unique perspective on global markets as a British Overseas Territory whose currency, the St Helena Pound (SHP), is pegged to the British Pound (GBP).

Since St Helena’s Financial Services Regulation Authority (FSRA) does not actively regulate online trading platforms, residents may choose to register with trusted overseas forex brokers to speculate on the price movements of GBP and other currencies.

Explore our list of the best forex trading platforms in St Helena, compiled after exhaustively reviewing and rating the brokers that accept traders from this island and its near neighbors.

5 Top Forex Trading Platforms In St Helena

These 5 forex brokers that accept traders from St Helena are the best following our firsthand tests and analysis:

  1. Vantage - Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
  2. IC Markets - IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot.
  3. AvaTrade - AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.
  4. FOREX.com - FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.
  5. Pepperstone - Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice.

Best Forex Trading Platforms In Saint Helena 2024 Comparison

Best Forex Trading Platforms In Saint Helena 2024 Comparison
Broker Forex Assets EUR/USD Spread Forex App Rating Minimum Deposit Regulator Visit
Vantage logo
55+ 0.0
$50 FCA, ASIC, FSCA, VFSC Visit
IC Markets logo
75 0.02
$200 ASIC, CySEC, FSA Visit
AvaTrade logo
50+ 0.9
$100 ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit
FOREX.com logo
80+ 1.2
$100 NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA Visit
Pepperstone logo
100+ 0.1
$0 FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Visit
XM logo
55+ 1.6
$5 ASIC, CySEC, DFSA, FSC, FSCA Visit
Eightcap logo
50+ 0.0
$100 ASIC, FCA, xCySEC, SCB Visit
PrimeXBT logo
45+ Variable
$0 - Visit
IQ Option logo
60+ 14 pips
$10 - Visit
IG logo
80+ 0.8
$0 FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA Visit
FxPro logo
70+ 1.58 pips (Ave)
$100 FCA, CySEC, FSCA, SCB, FSC Visit
FXCC logo
70+ 0.2
$0 CySEC Visit
XTB logo
70+ 1.0
$0 FCA, CySEC, KNF, CNMV, DFSA, FSC Visit
Plus500 logo
60+ 0.6
$100 FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA Visit
Markets.com logo
67 0.70 pips (var)
$100 FCA, CySEC, ASIC, FSCA, FSC Visit

#1 - Vantage

Why We Chose Vantage

Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

- DayTrading Review Team
  • GBPUSD Spread: 0.5
  • EURUSD Spread: 0.0
  • EURGBP Spread: 0.5
  • Total Assets: 55+
  • Leverage: 1:500
  • Platforms: ProTrader, MT4, MT5, TradingView, DupliTrade

#2 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • GBPUSD Spread: 0.23
  • EURUSD Spread: 0.02
  • EURGBP Spread: 0.27
  • Total Assets: 75
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade

#3 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • GBPUSD Spread: 1.5
  • EURUSD Spread: 0.9
  • EURGBP Spread: 1.5
  • Total Assets: 50+
  • Leverage: 1:30 (Retail) 1:400 (Pro)
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade

#4 - FOREX.com

Why We Chose FOREX.com

Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • GBPUSD Spread: 1.3
  • EURUSD Spread: 1.2
  • EURGBP Spread: 1.4
  • Total Assets: 80+
  • Leverage: 1:400
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral

#5 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • GBPUSD Spread: 0.4
  • EURUSD Spread: 0.1
  • EURGBP Spread: 0.4
  • Total Assets: 100+
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade

How We Rate Forex Brokers In St Helena

To find the best forex brokers in St Helena, we looked at hundreds of data points from our 500-strong database of trading platforms, identified those accepting traders from St Helena and sorted them by the highest rated.

Essentially, the forex brokers in our toplist outperformed other firms by achieving high scores in key forex trading criteria:

Trust

The issue of trust is our highest priority when we rate forex brokers. It simply isn’t worth risking your St Helena Pounds on a platform with poor credentials, so it should be yours, too.

The United Kingdom’s Financial Conduct Authority (FCA) is one of many top regulators to warn about scam brokers targeting forex traders via social media or search engine advertisements.

That’s why we assign every forex trading platform a trust score from 1 to 5, after weighing their regulatory credentials, years in the industry, and the firsthand experience of our testers. We only recommend forex brokers that have earned our trust.

💡
Brokers providing online forex trading on the Island should seek authorisation from St Helena’s FSRA, though many trusted overseas platforms also accept residents.
  • With regulation from nine green-tier regulators, 20+ years in the business and a NASDAQ listing for its parent company StoneX, FOREX.com has achieved a near-perfect 4.9 Trust score from our experts. It’s little wonder we also named FOREX.com as the best US broker for two years running.

Currency Pairs

Forex traders tend to perform best with currencies they know well. Because St Helena’s local currency, SHP, is pegged to the British pound, St Helenians will find excellent market access to one of the world’s most popular currencies.

Many top brokers provide GBP paired with a range of majors, minors and exotics, with GBP/USD and EUR/GBP two of the most widely traded FX pairs on the planet.

However, you’ll also often find GBP paired with more volatile currencies, including some from St Helena’s important trading partners like South Africa’s rand (ZAR). Skilful short-term traders can turn this added volatility into profits.

  • Pepperstone has won four of our top awards in recent years because it consistently impresses in every area. Not only does it offer some of the best market access around with 100+ forex pairs, but there’s also fast execution, low fees, a £0 minimum deposit and much more to keep traders coming back.

Forex Platforms

Look for a broker with a suite of trading platforms and tools that suit your personal needs and day trading style.

We’ve found that bespoke web traders are often the favorite of beginners, who enjoy seamless access to foreign exchange markets straight from your browser with integrated tutorials and tools.

More experienced traders often go for dedicated platforms like MetaTrader 4 or cTrader for their tried-and-tested charting and algorithmic trading power, though we have been impressed to find newer options like TradingView and some in-house platforms combining these strengths with slicker and more modern interfaces.

GBPZAR on Forex.com
GBP/ZAR on FOREX.com
The choice of trading platform and tools is really crucial for short-term trading.

Detailed, customizable charts with integrated tools make for easier trades as you can plan everything on the same window, and tools like a VPS can also give you an edge with low-latency automated trading – every millisecond counts when executing strategies like forex scalping.  

author image
Michael MacKenzie
Author
  • Year after year, IC Markets continues to top our charts for platforms and tools because it offers forex traders the choice between top-rate platforms like MetaTrader 4 and TradingView. Combined with a suite of extras that includes Trading Central, DupliTrade and VPS hosting, you’ll have everything you need to tackle forex markets regardless of your skill level.

Account Funding

Look for a forex broker that has convenient account and payment options so you can fund or empty your account quickly and affordably.

St Helena has been slower than many countries at upgrading its payment options, with card payments only available to non-residents since 2023, according to Getaway Magazine.

However, some leading e-wallet providers including PayPal do accept customers from St Helena, so this could be a handy way to fund your forex account.

  • IG has long been held as one of the best brokers in the business thanks to its stellar track record, range of markets, extra tools and pricing; it’s also one of the best options for traders in St Helena because it accepts PayPal as well as traditional wire and card transfers with no minimum deposit.

Trading Fees

Choosing a broker with low fees will mean you get the maximum benefit from your winning trades without losing an undue amount to charges for frequent short-term trades.

Forex brokers with ‘raw’ accounts offer the tightest spreads at the cost of a flat commission fee. While this usually offers the best value for frequent traders, some brokers have begun to offer very attractive commission-free pricing with tight spreads.

Table of GBP currency pairs on Vantage Markets
GBP FX pairs on Vantage Markets
I recommend weighing up all the fees associated with the forex broker against the services offered by the broker.

High-quality brokers often give their clients free access to apps like AutoChartist and Trading Central, and I find these are often worth some extra cost for the time they save me researching short-term trades.

author image
Michael MacKenzie
Author
  • Vantage remains a superb low-cost option with a $50 minimum deposit and a very low $1.50 per-side commission and spreads from 0.0 pips on its ECN account. The 0.45-pip GBP/USD shows the attractive pricing on offer for GBP traders, and investors still get access to excellent trading and research tools despite the competitive fees.

FAQ

The government has not drafted any legislation directly related to retail forex trading, so there are no laws prohibiting it in St Helena.

Traders are free to sign up with online brokers and trade forex but remember to check your tax liability if you profit from your FX trades.

Who Regulates Forex Trading In St Helena?

St Helena does have a financial regulator, the Financial Services Regulation Authority (FSRA).

However, it does not actively regulate online forex brokers, so we recommend choosing a firm with a license from a respected watchdog like the UK’s FCA.

How Much Money Do I Need To Start Trading Forex In St Helena?

The amount you need to start trading forex in St Helena depends on the broker you sign up with.

Out of the hundreds of brokers we have reviewed, most are available for no more than £250, but many are priced significantly lower, and brokers like IG and Pepperstone don’t require any minimum deposit, making them standout options for newer traders.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com