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Top Forex Brokers in Latin America

Latin American traders face unique requirements — local payment methods, Spanish/Portuguese platforms, and crypto-friendly deposits to navigate FX controls. These six brokers serve the LATAM market best.

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What to look for in a LATAM broker

Spanish + Portuguese platform translation
Local payment methods: Pix (BR), OXXO (MX), SPEI (MX)
Crypto deposits for FX-control jurisdictions
LATAM business-hours customer support

Available in: Brazil · Mexico · Argentina · Colombia · Chile · Peru · Uruguay

Top 6 brokers for LATAM traders

#1

Exness

★★★★★ 4.6 / 5
Start Trading
  • RegulatorsCySEC · FCA · FSCA · FSA Seychelles
  • Min. deposit$10
  • Spreads from0.0 pips (Raw Spread / Zero account)
  • PlatformsMT4 · MT5 · Exness Terminal (web)

Active traders and scalpers prioritizing tight raw spreads and fast withdrawals; MENA traders in particular.

Read full Exness review →
#2

XM

★★★★★ 4.5 / 5
Start Trading
  • RegulatorsCySEC · ASIC · IFSC · DFSA
  • Min. deposit$5
  • Spreads from0.6 pips (Ultra Low)
  • PlatformsMT4 · MT5 · XM WebTrader

Beginners, low-deposit traders, and education-focused traders, especially in MENA and Asia.

Read full XM review →
#3

AvaTrade

★★★★☆ 4.4 / 5
Start Trading
  • RegulatorsCentral Bank of Ireland · ASIC · FSCA · FSA Japan
  • Min. deposit$100
  • Spreads from0.9 pips (Standard)
  • PlatformsMT4 · MT5 · AvaTradeGo

Traders wanting fixed spreads or FX options; multi-platform users wanting copy-trading + manual.

Read full AvaTrade review →
#4

FBS

★★★★☆ 4.3 / 5
Start Trading
  • RegulatorsCySEC · ASIC · FSC Belize
  • Min. deposit$1
  • Spreads from0.7 pips (ECN)
  • PlatformsMT4 · MT5 · FBS Trader

MENA and Asian retail traders wanting micro-lot access, very low minimum deposits, and Islamic accounts.

Read full FBS review →
#5

Plus500

★★★★☆ 4.3 / 5
Start Trading
  • RegulatorsCySEC · FCA · ASIC · FMA NZ
  • Min. deposit$100
  • Spreads from0.6 pips (variable)
  • PlatformsPlus500 WebTrader · Plus500 Mobile

Beginners and discretionary traders who want a simple, regulated, equity-market-listed broker with broad CFD coverage.

Read full Plus500 review →
#6

Capital.com

★★★★☆ 4.4 / 5
Start Trading
  • RegulatorsFCA · CySEC · ASIC · NBRB Belarus
  • Min. deposit$20
  • Spreads from0.6 pips (variable)
  • PlatformsCapital.com WebTrader · Capital.com Mobile · MT4

Beginners wanting an AI-augmented modern platform with no commissions and tier-1 regulation — particularly mobile-first traders.

Read full Capital.com review →
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Frequently asked about LATAM brokers

Are these brokers safe and regulated?

Every broker on this page holds an active license from a tier-1 or tier-2 financial regulator. We do not list unregulated offshore brokers. Verify each license number on the regulator's official website before opening an account.

How did you rank these brokers?

Our rankings combine: regulatory strength (40%), spread + commission cost (25%), withdrawal speed (15%), platform quality (10%), and customer service quality in LATAM languages/timezones (10%). Reviewed quarterly.

What's the minimum deposit to start trading?

Brokers in this list range from $1 (FBS) to $200 (IC Markets, Pepperstone). For first-time traders we suggest depositing only what you can afford to lose — typically $100–500 — until you've tested the broker's withdrawal process.

Do these brokers accept my country?

Each broker's accepted-countries list is on their official website. The brokers featured here serve the major LATAM markets (Brazil, Mexico, Argentina and more). Click "Read full review" on any broker for the complete jurisdiction list.