Best Forex Brokers Latin America

There are 20 countries in Latin America. Spanish is the official language of a majority of these nations, except for Brazil (Portuguese) and Haiti (French). The full list of Latin American countries is as follows: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela.

The best brokers in Latin America (LATAM) are licensed and regulated by reputable authorities. Traders who choose to open an account with an unlicensed broker are potentially putting their funds at risk, as these companies are not subject to strict governance and security protocols from a regulator. To check out the list of the best forex brokers in LATAM, simply scroll up to check the final FX Trust Score leaderboard.

Find a reputable broker that is licensed to operate in Latin America. The key factor to consider before trading forex in Latin America is ensuring that the broker is regulated by a respected local authority such as CNBV (Mexico), CVM (Brazil), CMF (Chile), or an recognised international body like the FCA (United Kingdom) or ASIC (Australia). Once this has been established, the next step is to check the all-important details like the trading conditions offered, available local payment methods, and the range of trading platforms provided.

Several leading forex brokers have offices in Mexico City (Mexico) and Santiago (Chile). Mexico City has developed a reputation as a focal point for forex activity in Latin America, thanks to its status as the financial capital of the region’s second-largest economy. Similarly, Santiago has gained recognition as a growing financial centre, supported by Chile’s strategic geographical position. As Latin America grows into a key financial hub, an increasing number of forex brokers are expected to establish physical offices in major cities throughout the region.

The United States. Thanks to its close proximity to the countries of Latin America (LATAM), particularly with neighbouring Mexico, the United States is currently the region’s largest trading partner. The vast majority of imports and exports to and from LATAM countries involve the US. In second place on the list is China, which has been steadily growing its trading relationship with LATAM, gradually narrowing the gap to the US in recent years.

Latin America is home to a growing number of forex brokers. It’s difficult to put an exact figure on how many brokers are operating in the LATAM region, but each year more global forex companies are establishing offices in major cities like Mexico City in Mexico and Santiago in Chile. Added to this, the capital city of Argentina, Buenos Aires, and Brazilian financial hub São Paulo are both increasing in popularity, with a host of financial firms, including several forex brokerages, expanding their presence there.

Xlence broker was reviewed and rated together with four other shortlisted forex brokers, using our FX Trust Score Index, where we assign scores based on six key criteria. Xlence received the highest aggregated score and therefore takes the lead on our Best Forex Brokers LATAM 2025 leaderboard. In second position was EC Markets.