Trading Forex and stocks online from Cayman, either through software or the web, is a relatively safe and easy process. The supervision and regulation of insider trading of stocks online is managed by the Cayman Islands Monetary Authority (CIMA), under the Securities and Investment Business Act (2020).
Stocks or ‘equities’ are a way to build wealth through strategic investment in one or multiple corporations. If you own a ‘stock’ in a company, you have ownership of a ‘unit’ or ‘share’ of assets of the company you invested in.
In the Cayman Islands, anyone based here can participate in online stock trading fairly easily. The first step to start trading online is to contact a registered broker, who can help you download the relevant software you need to buy and sell stocks, help you open a corporate or individual account, as well as give you advice on what corporations to invest in along the way.
Before buying stocks online from Cayman, it is important that you contact an experienced broker on-Island, as you cannot directly ask a business if you can purchase shares in their company. There are two main types of brokers to choose from: full-service brokers and online/discount brokers.
Full-service brokers provide clients with a wide variety of investment services. Particularly in the Cayman Islands, brokers often help clients with their retirement planning, savings and tax advice. They can also set you up very quickly with an online trading account, so that you can trade in US and foreign markets, such as NASDAQ, from the comfort of your own home.
Online/discount brokers will buy and sell stocks for you at a reduced price for their services. While full-service brokers in Cayman would trade and manage your online investment portfolio for you from the Island, discount brokers are almost exclusively operational online. They therefore do not offer as much advice, and simply execute investments as the client sees fit.
Currently, Tradeview Markets is one of the only fully licensed full-service brokerages in the Cayman Islands that offer online trading services to individual brokers and investors. Tradeview provides direct access ("online") trade execution and clearing services to institutional, professional and retail traders for a wide variety of electronically traded products including stocks, options, futures, Forex and CFDs on major indices and commodities, such as gold and crude oil. If you are interested in trading in the US market with access to various stocks (such as those listed on NYSE, NASDAQ and AMEX), Tradeview will be able to help: