Since 2011, we’ve traded with and reviewed over 150 brokers in Argentina. To find the best brokers in Argentina for you, we’ve dedicated over 50 hours per broker, exploring more than 250 factors across 9 key areas. We’ve then compared them to identify the top performers in various categories. With decades of combined experience, our team of trading experts provides reliable and trusted opinions.
CFD trading is rapidly gaining popularity in Argentina as numerous brokers are expanding their services to clients in the country.
Forex trading is permissible and regulated in Argentina, overseen by the National Securities Commission (CNV). The CNV primarily focuses on the requirements of institutional investors and businesses. Nevertheless, retail traders have the opportunity to open accounts with global brokers.
Selecting an appropriate broker is a crucial step to financial success. Traders should carefully assess several key factors, including regulation, fees, available instruments, and trading platforms, among others. With over a decade of experience in reviewing forex brokers, FX Empire is an established industry leader. Using our unique evaluation methodology, which includes an analysis of over 250 factors across nine crucial categories, we assist you in discovering the most suitable forex brokers to align with your trading aspirations.
Considering the different needs of traders, we have broken down this list into five primary categories.
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 FX Empire’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 2007, IC Markets has built a name for itself in the trading world, offering a broad spectrum of opportunities from forex and commodities to stocks, indices, and cryptocurrencies. The broker is regulated by ASIC, CySEC, and FSA Seychelles.
Regional Features:
During my exploration of the platform, I discovered that IC Markets goes above and beyond in providing its customers with a wide array of trading options, including 2100+ stocks. Clients can choose between MetaTrader 4, MetaTrader 5, and the cTrader, so the choice of platform caters to varied preferences. The broker’s research offering includes technical and fundamental analysis from the in-house team.
In addition, IC Markets provides access to the third-party research tools Trading Central and Autochartist, which are popular with both beginner and advanced traders. IC Markets stands out in the area of deposits and withdrawals, offering 15 different methods, available in multiple currencies, which is also significant for serious traders. Besides that, the broker provides a free VPS service for those into algorithmic trading.
My personal tests demonstrated that IC Markets offered tight spreads in both the Standard Account and the Raw Spread account. The spreads were often better than the industry average. For instance, the EUR/USD spread on the Standard Account averaged between 0.6 - 0.7 during my tests, while the Gold spread hovered between 18 and 20. For those who actively trade, the competitive commissions in the Raw Spread account were also a significant advantage.
Founded in 2019, Errante offers trading in forex pairs, indices, cryptocurrencies, stocks, and commodities. The broker is regulated by CySEC and FSA Seychelles. Accounts at the Seychelles entity are insured by a Lloyd’s of London policy for up to 1,000,000 euro, which is important for advanced traders who may have significant deposits.
Regional Features:
Errante provides a selection of popular platforms tailored for advanced traders: MetaTrader 4, MetaTrader 5, and cTrader. The broker offers 4 distinct account types, including the spread-based VIP and commission-based Tailor Made accounts, both designed specifically for advanced traders. For clients opting for the VIP account, Errante offers a free VPS service. Advanced traders should note that Errante offers MAM accounts, which allow the management of multiple accounts through a single interface.
Our tests showed that Errante spreads were better than average in many cases. For instance, the EUR/USD spreads stood at 1.5, while GBP/JPY spreads ranged between 2.1 and 2.2. The spreads for Dax and Apple were 3.1 and 0.06 respectively.
New clients can receive a 30% deposit bonus of up to $2,000. However, it's important to note that the account must be fully verified before the deposit bonus can be credited. Errante does apply fees for inactive accounts: a one-off maintenance charge of $15 for accounts that have been inactive for three months. This is then followed by a modest monthly fee of $3 for such accounts. The broker offers a wide array of deposit and withdrawal methods, including crypto.
Founded in 2013, TMGM offers trading in forex pairs, commodities, stocks, indices, and cryptocurrencies. This Sydney-based broker operates under the regulation of ASIC, FMA, and VFSC.
Regional features:
TMGM offers access to MetaTrader 4, MetaTrader 5, as well as the IRESS platform, catering to the needs of professional stock traders. While copy trading isn't available, Expert Advisors for automated trading can be used across all accounts. Fund managers have the advantage of using HUBx to manage their clients' accounts.
Furthermore, the broker's research offerings include the widely utilized Trading Central tool, beneficial for both novice and advanced traders. I find that sentiment analysis provided by Trading Central is especially useful as market sentiment has a huge impact on short-term asset price dynamics. I’d also note that the market sentiment could be used as a contrarian indicator when traders get too bullish or too bearish.
During my tests I found that TMGM's spreads fell into the low-to-medium range compared to the wider industry. For instance, spreads for EUR/USD were at 0.9, while WTI oil spreads were noted at 0.04. The broker also supports various deposit and withdrawal methods, available in multiple currencies.
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:
My tests showed that Vantage provides competitive spreads across various asset classes. For example, spreads for EUR/USD fluctuated between 1.2 and 1.4, while Dow Jones spreads were found within the 1 - 1.3 range. Moreover, the broker does not impose any subscription, account maintenance, or inactivity fees, and it also doesn't levy charges for deposits or withdrawals.
Vantage clients have access to MetaTrader 4, MetaTrader 5, and ProTrader, which is powered by TradingView. The broker also offers its proprietary Vantage Mobile App. Traders can benefit from robust research support, including frequently updated analyses in both written and video formats, along with regular webinars.
Vantage provides a generous deposit bonus structure: a 50% bonus (up to $500) on the initial deposit, and a subsequent 10% deposit bonus (up to $19,500). The total bonus can reach up to $20,000. It's important to note that the 50% bonus is exclusively for the first deposit, while the 10% bonus applies to all following deposits. My research showed that Vantage also provides free VPS hosting for clients who have deposited at least $1,000. However, to be eligible for the offering, these clients are expected to achieve a minimum monthly notional value of $1 million in closed trades.
Founded in 2011, FXTM offers trading in forex, indices, stocks, and commodities. The broker is regulated by FCA, CySEC, FSCA, and FSC Mauritius.
Regional Features:
FXTM provides access to the popular MT4 and MT5 platforms, as well as the in-house FXTM Trader mobile app. While MT4 and MT5 may present a learning curve that might seem a bit challenging for novice traders, the FXTM proprietary mobile app features a much more user-friendly interface. FXTM mobile app offers basic indicators, as well as news and analysis. The simplicity of the app provides beginner traders with an opportunity to start trading on the go within minutes.
The broker offers solid research support from its in-house team that covers both fundamental and technical analysis. The educational offering is also strong, which is important for beginner traders. FXTM provides articles, ebooks, and video content designed to help new traders master the waves of the markets. One of the features I found unique about the FXTM's knowledge hub is a content filter. This handy tool allows beginner traders to select materials most relevant to their needs, ensuring a more personalized learning experience. Furthermore, FXTM assigns each of its clients a dedicated customer solutions representative. This makes the process of communication with the broker not only easier but also more efficient.
According to my research, the trading costs associated with the Micro account were average for the industry. For instance, I found that the spread for gold varied between 36 and 45, while the spread for EUR/USD was 2. The Advantage account offered more competitive spreads, but also charged commissions.
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.
You can check a comprehensive list of reliable brokers by jurisdiction here.
Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.
As an Argentina-based trader, you should understand the difference between various types of 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.
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. Note, that 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.
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:
FX Empire, with a history dating back to 2010, has established itself as a reputable authority in broker reviews. Our extensive experience in evaluating CFD brokers, spanning over a decade, has led us to develop a meticulous and comprehensive review strategy. Adhering to stringent guidelines for editorial integrity, we consistently uphold our commitment to deliver unbiased evaluations.
We follow a diligent protocol for our review process, integrating objective criteria and quantifiable data. This methodical approach allows us to generate a justified score that accurately reflects the performance of a broker. Our mission is to provide traders with a thorough and unbiased review, empowering you to make well-informed decisions aligned with your specific needs.
To choose the best brokers for you, we rate them across nine categories and calculate a score that reflects their performance.
The categories include:
We open accounts, test platforms, measure spreads, and chat with support teams to collect as much data as we can for each broker. Overall, we evaluate brokers based on more than 250 distinct data points. Every category receives a rating from one star (weak) to five stars (excellent). The broker’s total score depends on its performance in each of these nine categories.
We highlight each broker’s strengths and weaknesses, explain regulatory details, and share the results of our live tests of brokers’ fees, customer support, and trading platforms. To learn more about our review process, click here.
In this article, I focused on forex brokers that are best suited for Argentinian traders. I have given priority to brokers offering specific features, such as customer support and website accessibility in the Spanish language, the availability of local deposit and withdrawal methods, as well as bonuses and promotions tailored to Argentinian clients.
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.