Looking for the top broker in Argentina? After testing 80 brokers this year, our experts have identified the 3 best options tailored to diverse trading needs, complete with practical tips.
Forex and CFD trading in Argentina allows traders to engage in global markets, with a focus on currency pairs involving the Argentine Peso and various assets through CFDs. The Comisión Nacional de Valores (CNV) regulates these markets, ensuring legal compliance and security.
Traders face unique challenges due to Argentina’s economic volatility, including inflation and potential currency controls, which can impact market dynamics and trading strategies. It’s crucial to select reputable, CNV-regulated brokers and remain aware of tax implications and currency policies. Successful trading in Argentina requires adapting to its specific economic context, emphasizing risk management, and continuous market education.
To choose the best brokers in Argentina, we used the FX Empire’s 250-point rating system to identify the leaders in each category. We focused on the following key features:
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology. I subsequently used my 16 years of forex trading experience to examine and analyze all our findings, resulting in the selection of the best brokers for Argentinian traders across various categories. You can read more about it and how we conduct our tests here.
Now, let’s explore the selected brokers.
Founded in 2006, AvaTrade has multiple regulations, including CySEC, ASIC, and FSA Japan. The broker offers a wide array of financial instruments, including stocks, ETFs, forex pairs, options, indices, commodities, cryptocurrencies, and bonds.
Regional Features:
AvaTrade offers an extensive selection of trading platforms, including the widely-used MT4/MT5, the intuitive AvaTrade Web platform, and the convenient AvaTradeGO mobile app. The in-house AvaTrade Web platform features light and detailed charts, as well as 80 technical indicators. The AvaTradeGO mobile app boasts an even greater number of technical indicators compared to the Web Trader.
The broker provides access to over 1,250 financial instruments, including unique offerings like bonds and forex options, which are rare in many brokers’ portfolios. AvaTrade includes the renowned Trading Central. Additionally, traders can leverage AI-powered trading signals to refine their strategies. A standout feature is AvaTrade’s AvaProtect risk management tool, enabling traders to shield their trades from losses for a fee.
Our evaluations showed that AvaTrade’s fees for forex and commodities are notably competitive within the industry. For instance, the EUR/USD spreads averaged around 0.9, and WTI oil spreads were at 0.03. However, during our live tests, spreads for indices and stocks were higher; Dow Jones index spreads varied between 5 and 6, while the Tesla stock spread averaged 1.98.
Since its inception in 2007, IC Markets has carved out a reputable position in the trading industry with ASIC, CySEC, and FSA Seychelles oversight. The broker offers an extensive array of trading instruments, including forex, commodities, stocks, indices, and cryptocurrencies.
Regional Features:
My evaluations revealed IC Markets’ competitive edge with tight spreads across both Standard and Raw Spread accounts, frequently surpassing industry norms. For example, EUR/USD spreads in the Standard Account averaged 0.6 – 0.7, with Gold spreads around 18-20. The Raw Spread account’s low commissions further enhance its appeal for active traders.
IC Markets impresses with its diverse trading portfolio, offering over 2100 stocks and a selection of platforms including MetaTrader 4, MetaTrader 5, and cTrader, catering to various trader preferences. The broker enriches its service with in-house technical and fundamental analysis and integrates third-party research tools like Trading Central and Autochartist.
Distinctively, IC Markets excels in facilitating deposits and withdrawals, providing 15 different methods in multiple currencies, and offers a complimentary VPS service, making it an attractive choice for algorithmic traders.
Established in 2009, Vantage provides trading opportunities in forex pairs, indices, commodities, stocks, and cryptocurrencies. This broker, based in Sydney, operates under the regulation of ASIC (Australia) and CIMA (Cayman Islands).
Regional features:
Vantage offers clients MetaTrader 4, MetaTrader 5, and the TradingView-powered ProTrader, with the latter being particularly user-friendly for beginners. The proprietary Vantage Mobile App enhances trading on the go. The broker’s comprehensive research support includes regular updates through articles, videos, and webinars, catering well to traders’ needs. Additionally, the educational resources are extensive, featuring a variety of formats tailored especially for newcomers to trading.
The broker’s attractive bonus scheme includes a 50% bonus on the initial deposit (up to $500) and a 10% bonus on subsequent deposits (up to $19,500), potentially totaling $20,000 in bonuses. The 50% is exclusively for the first deposit, while the 10% applies to additional deposits. Eligibility for Vantage’s free VPS hosting requires a minimum deposit of $1,000 and a monthly trading volume of $1 million in closed trades.
My analysis revealed Vantage’s competitive edge in spreads across different asset classes, with EUR/USD spreads ranging between 1.2 and 1.4, and Dow Jones spreads from 1 to 1.3. Importantly, Vantage maintains a no-fee policy for subscriptions, account maintenance, inactivity, deposits, and withdrawals, adding to its appeal as a broker.
Use our guide to choose the forex broker in Argentina according to your trading goals.
The process of choosing a broker begins with learning where your potential broker is regulated. Argentina-based traders have access to the global entities of brokers, which are typically regulated by offshore regulators.
These regulators often do not impose strict limits on leverage, allowing traders to access high levels of leverage. However, you should be aware that compensation schemes may not be available. Consequently, if a broker faces financial difficulties, traders will have to navigate the situation independently.
Read more about Best regulated forex brokers.
Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.
Check out our list of best zero spread forex brokers.
As an Argentina-based trader, you should understand the difference between various types of accounts.
Read more about Best forex cent accounts and Best forex high-volume accounts.
Typically, most brokers offer access to MetaTrader 4 and/or MetaTrader 5. Those are sophisticated platforms with a variety of tools tailored mainly for experienced traders, hence beginners may need to spend some time learning the ropes.
Some brokers have also developed their own in-house trading platforms. These platforms are usually tailored to the needs of traders at various experience levels. They are easy to navigate and simple to use.
Check out our dedicated guide on Best forex trading platforms.
The choice of trading platform largely depends on personal preferences and trading experience. In my opinion, for novice traders it’s better to start with a user-friendly platform or a mobile app, whereas experienced traders often prefer MT4/MT5.
Read more about each trading platform in our detailed guides on the Best MT4 and Best MT5 forex brokers.
Leverage provides traders with the opportunity to boost their profits through the use of borrowed funds. The higher the leverage, the greater your potential profits may be. However, leverage can be a double-edged sword, as it can also magnify potential losses. Thus, I would advise beginners to start with low levels of leverage to avoid the risk of substantial losses.
The maximum potential leverage a broker can offer is determined by the regulator. As Argentina-based traders have access to broker’s global entities, they will engage with offshore regulators that do not impose specific limits on leverage for retail clients. Thus, the leverage can be as high as 1:2000.
It’s necessary to consider your risk tolerance and trading strategy before engaging in high-leverage trading. Additionally, traders should be aware that offshore regulators offer fewer protections.
Read more about best forex brokers with high leverage.
Based on my trading experience, I have outlined the five things to avoid when choosing a broker in Argentina:
To safeguard yourself against forex scams, follow these essential guidelines:
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.