Best Forex Brokers in Argentina 2018
The economy is quite unstable in Argentina right now with a high rate of inflation. There are lot of problems regarding the value of the country’s currency, and new measure are taking place to stabilise the economy and value of it’s currency. In this article, we will discover the best forex brokers if you are based in Argentina.
How to Choose a Forex Broker (as an Argentinian trader)
Choosing a forex broker can be a daunting task. There are several things to consider and look in to before settling on a broker- especially if you are an Argentinian trader. Forex brokers have been undergoing many regulatory changes recently, with the introduction of a new president, new regulations and reforms. It is important that Argentinian traders choose a legally regulated broker to trade with. There is a large black-market forex trading industry in Argentina due to its volatile currency, economy, and uncertainty about the laws regarding forex trading. However, traders are advised to trade only with regulated brokers in Argentina, or competent and regulated international brokerages.
General Regulation & Argentinian Regulation
The financial markets in Argentina are regulated and influenced by a few regulatory authorities. The Central Bank of Argentina, the Argentine Tax Authority, the National Securities Commission (CNV), and the Ministry of Economics and Finances in Argentina (ECON). The regulations imposed by these bodies are very intricate and specific and are constantly being updated and changed. As of now, the trading of forex in Argentina is deemed illegal, thus there are no longer any local brokerages offering this service.
Trading Platform & Software
The best forex brokers in Argentina provide advanced and up to date trading platforms and software. Designed with the trader in mind, the best trading platforms offer an easy to use and visually pleasing interface, they have a variety of analysis tools, and fast speeds for execution. A good trading platform will offer their traders up to date quotes and charts in an organized and easy to use format. The interface should be fast, informative, and easy enough to use. Many forex brokers in Argentina offer a free trial of their platforms before a full commitment.
Commissions & Spreads
Spreads and commissions are both very important aspects of a forex broker. They go hand in hand and play a big part in whether the forex broker is worth your while. In fact, the spread is one of the most important things to consider when choosing a forex broker. With that said, we choose forex brokers with low spreads and comparable commissions.
Forex trading in Argentina is in a peculiar situation. For this reason, we have completed a list of the best international forex brokers. In creating this list, we look into the regulation of the broker, customer service and languages offered, the trading platform, what fees and commissions are involved, and other account details. We choose only the most competent and reputable brokers available to Argentinian traders to be listed here.
- New Zealand
- South Africa
- South Korea
- Hong Kong
- United Arab Emirates
- Russian Federation
List of Brokers
|BROKER||USER RATING||REGULATED BY||HEADQUARTERS||MIN. DEPOSIT||OFFICIAL SITE|
|ASIC, CySEC, FCA, FSB, MAS||Israel||$100||Open Account|
|ASIC, BVI, FSA(JP), FSB||Ireland||$100||Open Account|
|ASIC, CySEC, FCA||Cyprus||$200||Open Account|
|CySEC, FSB||Cyprus||$100||Open Account|
|ASIC, FCA, FSB||United Kingdom||$300||Open Account|