Best Forex Brokers in Argentina
The Best Forex Broker in Argentina - RoboForex
Best Forex Brokers in Argentina are:
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1
RoboForex - best for beginner traders and experienced investors
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2
Exness - best for Forex traders
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3
Pocket Option - best for beginning and seasoned binary options traders
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4
XM Group - best low-spread broker
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5
InstaForex - best deposit bonus broker
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6
eToro - best for social copy trading
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7
Tickmill - best for low Forex fees
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8
AvaTrade - best for copy trading
Argentina is among the countries where Forex traders can be sure of making a living trading currency pairs. The country's literate population and diverse industrial base contributes to the steady growth of Forex trading.
However, finding the best broker for Forex trading in Argentina requires you to assess each broker individually. But the large number of Forex brokers in Argentina makes it challenging for traders to select a broker.
While researching these brokers might take time, TU experts save the day after conducting extensive research on the best Forex brokers in Argentina. The outcomes of their study are outlined in this article, which entails the top 8 Forex brokers in Argentina and their features, advantages, and disadvantages.
The best brokers for Forex trading in Argentina compared
Trading is exceptional with a reputable broker who accepts traders from Argentina and permits them to invest in ARS.
Many of these brokers have other top features that make them stand out. But trading with a regulated broker is recommended since they ensure the safety of invested assets. However, it is up to the trader to select the best online broker in Argentina that suits their trading style.
Below is a tabulated list of the best Forex brokers in Argentina:
| Position | Rating score | Minimum Deposit | Regulation | Bonus For Deposit | Leverage | Open an account |
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Minimum Deposit: $10 | Regulation: IFSC, CySEC | Bonus For Deposit: 120% |
Leverage:
From 1:1 to 1:2000 |
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Minimum Deposit: $1 | Regulation: CySEC,FCA | Bonus For Deposit: 0% | Leverage: From 1:1 |
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Minimum Deposit: $50 | Regulation: IFMRRC | Bonus For Deposit: 50% |
Leverage: From 1:1 to 1:500 |
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4
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Minimum Deposit: from $5 | Regulation: ASIC, FCS, CySEC | Bonus For Deposit: 100% |
Leverage: From 1:1 to 1:30 |
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5
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Minimum Deposit: From 1 USD/200 USD |
Regulation:
BVI,FSICy, SEC |
Bonus For Deposit: 100% |
Leverage: From 1:1 to 1:1000 |
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6
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Minimum Deposit: $200 | Regulation: CySEC, FCA, ASIC | Bonus For Deposit: 20% |
Leverage: From 1:2 to 1:30 |
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7
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Minimum Deposit: $100 |
Regulation:
FSA, LFSA, FSCA, CySEC,FCA |
Bonus For Deposit: 30% |
Leverage: From 1:1 to 1:500 |
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8
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Minimum Deposit: $100 |
Regulation:
CBI, ASIC, FSCA,FSA, FFAJ, BVI FSC |
Bonus For Deposit: 0% |
Leverage: From 1:200 to 1:400 |
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RoboForex - best for beginner traders and experienced investors
RoboForex is among the top Forex brokers in Argentina that traders can safely trade currency pairs with. RoboForex has been offering top-notch financial investment and currency trading services since its founding in 2009. And to accommodate traders of all skill levels, this broker offers different account types.
Traders can trade different instruments like indices, stocks, CFDs, commodities, metals, and ETFs. Also, RoboForex integrates a demo account and top educational tools to help new traders master the act of Forex trading. Considering the friendliness of the platform and trading tools available, RoboForex is among the best brokers for Forex trading in Argentina. You may also be interested in reviews about RoboForex from clients in Argentina.
Extra features
Regulators: IFSC Belize
Minimum deposit for trading: $10
Advanced copy trading platform (CopyFx)
Available trading platforms: MT4, MT5, cTrader, R StocksTrader, R MobileTrader, and R WebTrader
Leverage up to 1:2000
Free VPS server
Instruments:
- Forex (currency pairs)
- ETFs
- Cryptocurrency CFDs
- Real securities
- Oil CFDs
- Index CFDs
- CFD on European and U.S. stocks
👍 Pros
•RoboForex provides a demo account and low commission fees for other account types
•The user-friendly interface makes Forex trading easier for traders
•While there are no fees for RoboForex Standard Accounts, the ECN account fee is $2 per lot, which is significantly less than the industry average
•Instantaneous fund withdrawal
👎 Cons
•Not locally regulated
Exness - best for Forex traders
Exness is a regulated broker recognized among other top Forex brokers in Argentina. The positive user reviews have helped this broker climb the rankings despite only entering the financial market in 2008. Exness is well-known for being dependable and providing traders with advantageous trading conditions, the best Forex app, minimal spreads, and low commission costs. And all these services are available to Argentine traders.
As a trusted broker that complies with all payment obligations and pays money earned, it is the best Forex broker for beginners. Traders can trade CFDs on cryptocurrencies, stocks, energy, metals, and over 120 currency pairs.
Extra features
Regulators: FCA (UK), CySEC (Cyprus), FSA (Seychelles), FSC (British Virgin Islands), FSCA (South Africa), CBCS (Curacao and Saint Martin), FSC (Mauritius), and CMA (Kenya)
The minimum deposit for trading: $1
Integrated Advanced copy trading platform
Available trading platforms: MT4, MT5, Web terminal, Mobile platforms, Exness Trade Terminal
Leverage starts from 1:2000
Free VPS hosting
Instruments:
- Currencies
- Assets of stock and commodity markets
- Cryptocurrencies
👍 Pros
•On Exness, Argentina's traders have 24-hour access to their money
•Narrow spreads
•Exness’s service provides favorable working conditions for traders: low commission, instant execution of orders, and withdrawal of funds
•A demo account is available for both beginner-level traders and professional traders
👎 Cons
•The Exness training resource section is currently only available in English
Pocket Option - best for beginning and seasoned binary options traders
Pocket Option is third on the list of Forex brokers in Argentina. This broker is dedicated to binary options trading, meaning it is for binary traders. And the trading process is straightforward and transparent, starting from the account registration stage.
Despite the unpopularity of the platform's regulator (IFMRRC), the low investment minimums earned Pocket a place among the best online brokers in Argentina. Reviews from previous users and the platform's longevity imply that trading with Pocket Option is secure.
Extra features
Regulation: IFMRRC
Minimum deposit for trading: $5
Advanced and hassle-free copy trading platform
Available trading platforms: MT5, Pocket Option
Leverage up to 1:100
Free VPS server
Instruments:
- Currency pairs
- Commodities
- Cryptocurrency
- OTC (currency, commodities, stocks)
👍 Pros
•The active Pocket Options copy trading platform allows users to follow and copy professional traders
•The trading tools are adaptable and incorporate recent trends to enable quick and digital trading
•The Pocket Option incorporates extensive educational resources
•In addition to a demo account, this broker offers a variety of trading instruments
👎 Cons
•The Pocket Option lacks a license from a reputable regulator, and a minimum deposit of $1,000 is required to trade Forex through MetaTrader 5
•You must verify your identity by phone, and the withdrawal process may be slow
InstaForex - best deposit bonus broker
InstaForex, founded in 2017, is yet another top Forex broker in Argentina that experts recommend for inexperienced traders. It is the best option for traders of all experience levels because it provides a wide range of services.
These platforms' technological tools enable more precise analysis, and traders can get started with a $1 minimum deposit. Investors can also use PAMM accounts and social trading options to earn from their first trade.
Extra features
Regulators: FSC, BVI FSI, BVI FSC (British Virgin Islands), CySEC (Cyprus), BaFin (Germany), AFM (Netherlands), MFSA (Malta)
Minimum deposit for trading: $1 - $200
Advanced social copy trading platform and PAMM account
Leverage ratio up to 1:1000
Available trading platforms: MT4, MT5, WebTrader by InstaForex, MobileTrading
Leverage: Up to 1:1000 for FSC. CySEC limits leverage for professionals to 1:500 and for retail traders to 1:30
Free VPS server
Instruments:
- Currency pairs
- Stocks
- Indices
- Metals
- Oil and gas
- Commodity futures
- Cryptocurrencies
- InstaFutures
- Synthetic stocks and ETFs
👍 Pros
•InstaForex provides simple deposit and withdrawal options for traders
•With more than 2,500 trading instruments, this broker incorporates the best indicators and signals
•Availability of a copy trading service and a PAMM account
•Low minimum deposit starting from $1
👎 Cons
•Inadequate regulatory oversight and a large spread
XM Broker - best low-spread broker
For some reason, XM, which was founded in 2009, is among the best brokers for Forex trading in Argentina and beyond. Firstly, this top-regulated and reliable trading platform removes the uncertainty behind order execution. XM provides a high level of compatibility with MetaTrader 4 and 5.
Free Forex VPS hosting is available to traders who keep a minimum balance of 5,000 USD. Additionally, this broker provides free demo trading accounts for novice Forex traders to practice trading. XM strives to provide the best services possible, making them the best Forex brokers for beginners.
Extra features
Regulation: ASIC, FSC, CySEC, DFSA
Minimum deposit for trading: $5
Advanced copy trading platform
Available trading platforms: Trading platform: MT4, MT5, XM App
Leverage: 1:1 to 1:1,000
No-cost VPS server
Instruments:
- Forex
- Stock indices
- Precious metals
- Stocks
- Commodities
- Energies
👍 Pros
•On XM, creating an account is incredibly simple and quick
•The XM VPS has optical fiber connectivity
•Order execution is guaranteed by XM Broker at 100%, with 99.35% of orders arriving almost instantly
•Both money deposits and withdrawals are free of commission
👎 Cons
•XM offers only Forex and CFDs
eToro - best for social copy trading
eToro, an Israeli broker founded in 2007, is among the best Forex brokers in Argentina. This broker offers varying features in different countries. Additionally, those who prefer a more communal trading experience will find it to be a good choice due to its social features and vibrant community.
The eToro platform offers features like news feeds for specific coins available for trading and social copy trading services. Traders can emulate the investing strategies of top crypto traders and be rewarded if others copy their trading strategies. eToro offers access to 80 different cryptocurrencies, and users can also use eToro's virtual portfolio to practice trading without risking any real money.
Extra features
Regulators: CySEC and FCA
Minimum deposit for trading: $50 to $10,000
Advanced copy trading platform
Available trading platforms: WebTrader, Mobile application
Leverage up to 1:2000
Free VPS server
Instruments:
- Stocks
- ETFs
- Stock indices
👍 Pros
•Fiat withdrawals and deposits are free
•Regulated by FinCEN and FINRA
•The option for traders to register an account using their Facebook or Google accounts is available
•The website offers a fun social environment in addition to a wealth of educational resources
•Leverage is available, and user-friendly trading platforms are compatible with all devices
👎 Cons
•eToro charges more than many of the top cryptocurrency exchange platforms and offers limited customer support
Tickmill - best for low Forex fees
Tickmill, founded in 2014, is among the best online brokers in Argentina. This broker provides traders with top trading platforms to trade currency pairs with low spreads and high leverage on CFD currencies, stocks, commodities, indices, bonds, options, metals, and more.
Overall, Tickmill is among the reputable Forex brokers in Argentina that provide ultra-low Forex and non-trading fees and many options for deposit and withdrawal. They are the best Forex brokers for beginners because of the easy and perfect trading tools and environment they provide. Experienced traders will value the wide range of currency pairs, and education and market analysis are excellent.
Extra features
Regulators: CySEC, FCA, LFSA, FSA, FSCA
Minimum deposit for trading: $100
Advanced copy trading platform
Available trading platforms: MT4, MT5, Tickmill Mobile App
Leverage:
- Tickmill.com - to 1:500
- Tickmill.EU - to 1:30/1:300
Free VPS server
Instruments:
- Stocks
- ETFs
- Stock indices
- Currency pairs
- Commodities market assets
- Bonds
- Cryptocurrencies
👍 Pros
•Free deposit and withdrawal
•Fast and easy account opening
•There are provisions for negative balance protection
•All devices are compatible with user-friendly trading platforms that offer leverage and are available
👎 Cons
•Basic news feed, shoddy platform functions, and a limited number of currency pairs
AvaTrade - best for copy trading
AvaTrade is a good choice for traders from Argentina since its broker complies with all the requirements of the top global regulators. This broker, which was established in 2006, has become one of the leading companies and is consistently on the list of the best online brokers in Argentina.
AvaTrade offers several educational resources and trading tools for Forex and CFD enthusiasts. This brokerage offers cryptocurrency trading, Islamic account options, and low trading fees. They are among the best Forex brokers for beginners because of the attractive trading conditions they provide.
Extra features
Regulators: FSA and ASIC, CBI, FSCA, FFAJ, BVI FSC
Minimum deposit for trading: $100
Advanced copy trading app
Available trading platforms: MT4, WebTrader, ZuluTrader, Mirror Trader, AvaTrade, Mobile Apps
Leverage up to 1:30 to 1:400
Free VPS server
Instruments:
- Forex (currency pairs)
- ETFs
- Cryptocurrency
- Commodities
- Indices
- Stocks
- Bonds
- Vanilla Options
👍 Pros
•AvaTrade is a superb end-to-end CFD and Forex trading solution that traders can download
•AvaTrade offers a sophisticated trading platform for Forex and CFD traders
•Although there are no deposit fees at AvaTrade, customers must use their accounts to fund their transactions
•To assist traders in learning fundamental concepts and sophisticated trading techniques, AvaTrade provides a variety of tools and educational materials
👎 Cons
•For novice traders, the Avatrade interface might seem a little challenging
Is Forex trading legit in Argentina?
Yes. Forex trading is legal in Argentina, but this assertion is true only when you trade with top Forex brokers in Argentina. Such brokers must be properly regulated to decrease the chance of falling victim to the numerous Forex scams.
Furthermore, Argentina continues to have strict regulations on currency trading, even with regulatory agency intervention. To access the foreign exchange market, residents must first receive permission from the BCRA (Central Bank of the Argentine Republic, also known as Banco Central de la República Argentina). Generally, prospective traders must confirm that they are properly authorized to trade currency pairs.
Key Forex trading rules and limitations
In contrast to other nations, brokers are allowed to offer bonuses in Argentina, so traders can benefit from bonuses. However, brokers subject to FCA and CySEC regulations are only permitted to offer a maximum leverage of 30:1 for currency pairs.
Investors must obtain a permission notice from the Banco Central de la República Argentina (BCRA) before they trade currency pairs. There are no restrictions on how much or how frequently you can trade if you have authorization.
Is Forex trading safe in Argentina?
If you trade with a regulated broker, it’s safe, but that does not eliminate the risks involved in Forex trading. You need a top trading strategy to profit from trades executed with the best online broker in Argentina.
How can I find the best Forex broker in Argentina?
Finding the best online broker in Argentina is easy if you know how to choose a Forex broker. Consider the following factors if you seek a top Forex broker in Argentina.
1. Local regulation
Find out if a local or international regulator has jurisdiction over the broker.
2. Commission amount
Learn about the transaction fees of each Forex broker in Argentina. This includes charges for purchasing or trading currency pairs.
3. Order execution speed
Find out the average completion time for a transaction on the broker's platform.
4. Initial deposit amount
You should consider the minimum deposit of various Forex brokers in Argentina.
5. Capitalization of a Forex broker
Determine the size of the Forex broker in terms of market capitalization. This refers to the total value of the Forex broker in Argentina.
What is the best time to trade Forex in Argentina?
Due to higher volatility on these days, Tuesday, Wednesday, and Thursday are usually the best days for Forex trading.
The best Forex pairs for clients from Argentina
Traders concentrate on major currency pairs because the Argentine Peso (ARS) is not frequently traded on the Forex market due to its low liquidity and high spreads. These include:
A trading strategy, risk tolerance, and market circumstances are factors to consider when trending any of these currency pairs in Argentina.
What are the best Forex brokers for beginners in Argentina?
The best Forex brokers for beginners should have the following:
Passive income options - copy trading and PAMM trading capabilities
Good educational materials
RoboForex, XM, and Tickmill are popular options among brokers in Argentina that offer new traders many of the features listed above. However, RoboForex has a sizable market share of more than 20% in Argentina, flexible trading accounts, top-notch trading software, and favorable trading terms.
Do I pay taxes for Forex trading in Argentina?
Yes. Traders pay taxes when they trade currency pairs in Argentina. Individuals and companies are subject to the 30 percent tax rate, which applies to taxable purchases. Gains are subject to a 15% income tax when traders sell shares, bonds, and other securities that are not listed on exchanges. Profits from Forex trading are taxable income for the individual and are subject to income tax rates.
FAQs
Who are the largest Forex brokers?
IC Markets, followed by Forex.com and XM, is the largest Forex broker globally by volume based on daily transactions in US dollars.
Which country has the most Forex brokers?
The nations with the most Forex brokers should have developed financial markets, robust regulatory systems, and a sizable population of traders and financial institutions. Considering the above factors, the country with the most Forex brokers is the United States, followed by the United Kingdom, Japan, Australia, and Switzerland.
Which broker to choose for Forex?
The best Forex broker should be licensed and provide traders with margin and leverage, competitive commissions and spreads, several payment methods, and simple deposit and withdrawal processes. Additionally, the broker should have a huge selection of Forex pairs, a demo and copy trading service, responsive customer service, and a sophisticated trading platform. RoboForex, AvaTrade, Exness, XM, and Tickmill are Forex brokers with these features.
Which brokers have MT4?
Exness, RoboForex, OctaFX, Multibank, Tickmill, XM, InstaForex, and CMC Markets are among the brokers that have MT4.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.