How We Ranked the Best Forex Brokers for Latin America (LATAM)
Forex trading has grown rapidly across Latin America in recent years, with major financial centres such as Mexico City, São Paulo, Santiago and Buenos Aires seeing increased retail participation. As demand has expanded, both international and regional brokers have stepped up their presence across the LATAM region.
To identify the best forex brokers in Latin America for 2026, our analysts carried out a dedicated regional review using the FX Trust Score Index, a proprietary framework designed to assess broker reliability, transparency and overall trading quality. We compared regulated brokers based on platform capabilities, trading conditions, fund protection standards and customer support.
A key part of our evaluation focused on how effectively each broker localised its services for Latin American traders, including support for regional payment methods, language options and market-specific offerings. Only brokers demonstrating consistent regulatory oversight and a strong record of client protection were included in our final rankings.
Local Considerations for Latin American Traders
Forex traders across Latin America face a distinct set of challenges, including limited access to locally regulated brokers, fragmented payment infrastructure and the need for strong Spanish and Portuguese language support. The brokers featured in this guide were selected based on their availability to Latin American residents, support for regional payment methods and overall trust score within the FX Trust Score Index. Particular attention was given to brokers that actively serve LATAM markets, rather than those that merely accept international clients without local infrastructure.
This guide is intended for traders in Brazil, Mexico, Colombia, Chile, Peru and other Latin American markets.
Best Forex Brokers in Latin America (Ranked by FX Trust Score Index)
These rankings apply the FX Trust Score Index™ framework, calibrated for Latin American trader considerations, including regulatory accessibility, localisation support and regional payment infrastructure.
Xlence
FX Trust Score: 93 / 100
Wide Range of Asset Types Transparency of Fees User-Friendly Experience Extensive Trading Courses Generous LATAM Promotions 24/5 Multilingual Support
EC Markets
FX Trust Score: 92 / 100
1,000+ Instruments Multi-regulated Local presence in Mexico Competitive Spreads & Fast Execution Local LATAM payments 24/7 Customer Support
eightcap
FX Trust Score: 88 / 100
800+ Instruments Multiple Tier 1 Licences LATAM YouTube Channel Strong Education Section TradingView Charting
*Trading carries a risk of loss
XM
FX Trust Score: 86 / 100
1,400+ Instruments Monthly Competitions 4K+ Copy Trade Strategies 24/7 Customer Support
Deriv
FX Trust Score: 82 / 100
500+ Instruments Wide Choice of Platforms CFD and Options Trading 24/7 Customer Support
FX Trust Score Breakdown – Latin America (Regional Application)
See the FX Trust Score breakdown for the best forex brokers in Latin America and how each performed across the criteria in our FX Trust Score Index. You can also view where these brokers rank in our full Broker Data Index.| Broker | Regulatory Compliance | Security & Fund Protection | Customer Support | Localisation | Local Payment Methods | Online Reputation | Final FX Trust Score |
|---|---|---|---|---|---|---|---|
| Xlence | 80 | 100 | 80 | 80 | 80 | 100 | 93 / 100 |
| EC Markets | 100 | 100 | 100 | 80 | 80 | 100 | 92 / 100 |
| eightcap | 100 | 100 | 80 | 80 | 80 | 80 | 88 / 100 |
| XM | 80 | 80 | 100 | 100 | 80 | 80 | 86 / 100 |
| Deriv | 80 | 80 | 100 | 80 | 80 | 80 | 82 / 100 |
The FXTS Verdict
Xlence ranks first in this year’s LATAM category based on its overall FX Trust Score. The broker’s success stems from its focus on security, account flexibility and transparent pricing, alongside a positive reputation among traders in the region. Xlence also provides regular LATAM-specific promotions, multi-currency funding options and a highly navigable platform interface tailored for local traders. For more in-depth insights, research and ratings, read our Xlence Review.
EC Markets followed closely, impressing with multi-jurisdictional regulation, competitive spreads and advanced MetaTrader platforms. EC Markets’ physical presence in Mexico, Latin America, combined with multilingual customer support and locally tailored funding options, helped it stand out as one of the most trusted choices. Find out more details in our comprehensive Review of EC Markets.
Eightcap received recognition for its educational excellence, particularly through the Eightcap Labs portal and Spanish-language video tutorials that make complex trading concepts easier to grasp. XM also performed strongly, offering one of the largest selections of tradable instruments in the region and frequent trading competitions for its community of Latin American traders. Completing the leaderboard, Deriv provides an appealing choice for those interested in both CFD and options trading, supported by straightforward pricing, flexible leverage and consistently reliable trade execution.
How did we choose the Best Forex Brokers in LATAM?
Our evaluation began by shortlisting only fully-licensed and regulated brokers with an established presence in Latin America. This ensured that every company considered adheres to international compliance standards, maintains secure fund management practices and provides fair trading conditions.
Each shortlisted broker was then analysed using the FX Trust Score Index, assessing six key performance indicators: regulatory compliance, fund protection, trading conditions, customer support, localisation and overall reputation. The resulting scores were aggregated to determine the brokers that delivered the best balance of safety, accessibility and performance for LATAM traders.
Through this detailed process, the Best Forex Brokers in LATAM were identified as those that combine local understanding with international reliability, providing traders across Latin America with trustworthy, well-regulated options for their forex trading journey.
This guide has been reviewed and verified for accuracy to ensure data is valid and relevant for 2026.
FAQs
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, refer to the FX Trust Score leaderboard above.
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.
Publication date:
31/05/2024
Author: FX Trust Score
Last updated on February 20, 2026
