Overview

The world of forex trading is massive, and it can be tricky to navigate. For this reason, it is crucial that Latin American traders have a broker that caters for their unique trading needs, their level of experience, and their trading style, ensuring that they get the best out of their trading experience.

Through best free forex signals, professional traders find market gaps and provide you with easy-to-follow trading signals. 

The list of brokers below are some of the best brokers that offer their comprehensive services to traders based in Latin America.

AMarkets

Established in 2007, AMarkets is a STP and ECN broker that offers online trading services to a variety of clients around the world. Traders can expect access to popular trading platforms, a variety of trading account types, and a choice in trading tools and educational material.

Pros and Cons

PROS

CONS

MetaTrader offered

US and numerous other clients not accepted

VPS offered

Spreads are not the tightest

Trading tools and education offered

RoboForex

RoboForex is a multi-award-winning broker that offers traders with the trade in more than 9,400 financial instruments that are spread across several asset classes. Traders are also offered with flexible account types, a range of trading platforms, trading tools, and in-depth market analysis.

RoboForex offers its services to more than 800,000 traders in 169 countries, providing the broker with true global coverage.

Pros and Cons

PROS

CONS

Negative balance protection applied to retail accounts

US clients not allowed

Variety of tradable instruments

Restricted leverage for EU clients

Flexible account types

Fixed spreads not offered

IC Markets

Established in 2007, IC Markets is a reputable and well-regulated ECN broker that offers the trade in more than 285 financial instruments which can be traded through powerful trading platforms. IC Markets offers competitive conditions with zero-pip spreads, deep liquidity, and rapid trade execution speeds.

Pros and Cons

PROS

CONS

Strict regulation

US clients not accepted

Low fees, tight spreads, fast execution speeds

Fixed spreads not offered

True ECN model

You might like: How to trade forex 

LiteForex

Established in 2005, LiteForex is a CFD and forex broker that offers comprehensive online trading on a range of tradable financial instruments. These can be traded through the powerful MetaTrader trading platforms. Traders also have competitive trading conditions, a range of social trading opportunities, market analysis, and a variety of educational material.

Pros and Cons

PROS

CONS

Social trading offered

No free VPS

MetaTrader provided

Not the lowest commissions

Multilingual, dedicated clients support

Clients from US, Japan, and Israel not accepted

XM

XM has been in operation since 2009 and is a well-regulated, reputable, and popular Market Maker broker based in several jurisdictions, with corresponding regulation and authorisation. 

XM has won multiple rewards throughout its operations and offers traders from 196 countries with no-requotes, tight spreads, fast and reliable trade execution, a range of trading accounts, and negative balance protection which is applied to all retail accounts.

Pros and Cons

PROS

CONS

Negative balance protection 

US clients are not accepted

Multi-award-winning broker

Fixed spreads are not offered

Competitive conditions offered and variety of trading styles allowed