Over the last decades, Latin America political instability has led to tough economic times and subsequently lack of net worth among its people. As a result, there has been a surge for major forex firms seeking to invest in the region. Despite the challenges, the region’s middle-class economy is rapidly growing, besides awareness of lucrative opportunities that come with Crypto , forex ,stock market and other investment seems to rekindle the foreign exchange firms in South America’s countries including Argentina, Brazil, Chile, Colombia, Costa Rica among other.
With the introduction of the regulatory purge on Online Trading operators, the only reputable Platforms will survive the Latin America Trading market strict laws. The forex regulations are aimed at restoring trust among potential investors. In this article, we do the scrutiny of the top firms that have withstood test over time. In case you are looking forward to investing online below is a list of top 21 trading Platforms to consider.
|Top||Platform||Min Deposit||Leverage||Visit Site|
|1||IndexBitFx||$500/€||Up to 500:1||Click Here|
|2||IC Markets||£/$200/€||up to 500:1||Click Here|
|3||Exness||£/$1/€||up to 9999:1||Click Here|
|4||RoboForex||$10/€||up to 2000:1||Click Here|
|5||FBS||$1/€||up to 3000:1||Click Here|
|6||XM||£/$5/€||up to 500:1||Click Here|
|7||Alpari||$200/€||up to 1000:1||Click Here|
|8||FxPro||£/$100/€||up to 500:1||Click Here|
|9||LiteForex||$10/€||up to 1000:1||Click Here|
|10||JustForex||$1/€||up to 3000:1||Click Here|
|11||iq option||£/$10/€||N/A||Click Here|
|13||Tickmill||£/$100/€||up to 500:1||Click Here|
|14||Xtb||£/$250/€||up to 200:1||Click Here|
|15||Plus500||£/$100/€||up to 30:1||Click Here|
|16||instaForex||$1/€||up to 1000:1||Click Here|
|17||Pepperstone||£/$200/€||up to 500:1||Click Here|
|18||AdmiralMarkets||£/$200/€||up to 500:1||Click Here|
|19||Traderway||£/$1/€||up to 1000:1||Click Here|
|20||AVATRADE||£/$100/€||up to 400:1||Click Here|
|21||AXITRADER||£/$1/€||up to 400:1||Click Here|
(International Capital Markets Pty Ltd) is an Australian forex broker that has branches worldwide. The firm was founded in 2007 and has earned a good reputation over the years of its operations, it’s known to be safe for because it operates under strict Australian Securities and Investments Commission (ASIC) regulations. IC market is a regulated broker with insurance that secures clients’ deposits. The company is equally popular in Latin America due to its enhanced forex trading platform, high commission of up to up to 500:1 leverage, low deposit and withdrawal fees, dedicated customer service.
Exness Limited an international financial business company whose headquarters are in Cyprus has establishes its root in Latin America. The company was founded in 2008 with a self-motivated group of financial and technology specialists. Exness is considered to be one of the world’s leading online forex brokers due to its favourable trading conditions especially its ability to trade with unlimited leverage. The firm has earned a positive reputation among South Americas countries because of its trustworthy, transparency, reliability and customer-focused trading experience.
Roboforex, an international brokerage firm trading all types (over 9,000) of financial products including Forex, ETFs, Stocks, Indices, Commodities, Metals, Energies and Cryptocurrencies The firm whose headquarters are in Belize was founded by Roboforex in 2009 and it has maintained a reputable history all along. Apart from multiple trading products they also offer cutting edge platforms to trade on. Currently, the firm has grown to over 800,000 with branches spread across 169 countries. Some of the features that have led to its popularity include Tight spreads starting from 0 pips, multiple trading platforms such as MT5, cTrader and R Trader, micro accounts with a minimum of 0.01 lot size with several promotions and bonuses.
Financial Brokerage Services (FBS) Markets Inc. is an international forex brokerage firm was founded in 2009 and has its headquarters in Belize. The company is among the safest to trade because its operations are licensed and regulated International Financial Services Commission (IFSC). FBS offers all-suite of MetaTrader platforms including MetaTrader 5 (MT5) and MT4 making it more flexible to both beginner and advanced traders. The firms offer up to 48 trading instruments to choose from comprising 37 forex pairs and 7 CFDs and 4 major cryptocurrency assets.
FBS operates on a high-risk with an overall Trust score of between 58 out of 99. FBS is among the few publicly traded and does not operate a physical bank. It also operated under high-trust regulators (zero tier-1). The FBS popularity results from its deposit methods and multiple account options for its clients to access both MT4 and MT5 platforms across its websites that cater to international traders.
XM is one of popular forex broker in Latin America. Its online platform allows the client to trade multiple assets. The firm was founded in 2009 and since then it has been providing traders with a complete MetaTrader platform suite. Currently, XM has expanded to a multi-asset broker offering up to 1000 CFDs and 57 currency addition to five cryptocurrencies CDFs offered in Bitcoin, Ethereum, Ripple, Dash and Litecoin.
XM has over 2.5 million clients across 196 countries worldwide. Up to this moment, it has established 1.4 billion trades with zero requote or rejection. XM doe annual visit to different countries as a way to meet their partners and clients. Since it was established, it has maintained a reputable name, all this has been made possible by 300 professionals each of whom have sufficient experience in the financial industry.
The XM firm supports more the 30 languages making it accommodative to diverse races. The feature makes the firm more appealing to investors all over the world regardless of their skill level. Its platforms have over 16-complete trading features that you can choose from. Thus, if you are in Latin America XM is a favourable firm you can entrust your money with, because of its sense of security and high returns on invested capital.
In this new age of the Internet of things, it does not matter which country is forex broker is located, Ether in Latin America, US or UK it all relies on its reputation and review. However, to successfully be able to invest while in South America it is necessary to understand its social, political and economic fabric in the region. Thus, a broker in the dynamic market such as Latin America must have strong background information to trade successfully.
Also, it important to note that the choice of forex platform may vary from one individual to another, thus different investors may focus on different directions, what works for another may not work for everybody. Each of the brokerage firms in the region has got the potential to take one to financial freedom, however, it all depends on how a person plays his or her cards. The platform offers almost similar assets to trade, none is the best it all relies on individual skill and not the location of the firm nor the firms itself can make you a successful forex trader.