Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best OTC Stock Brokers in South America for 2026. Five companies that enjoy huge popularity in South America were selected and compared between each other.
1
SpeedTrader - Best in South America for 2026
The SpeedTrader broker offers direct market access trading and its conditions are optimal for intraday traders. The company has implemented a routing process — operations to redirect orders to the exchange where the best price for the traded instrument is offered. Leverage is provided individually upon request to technical support. It is possible to customize the tariff plan by the size and type of fee, depending on the chosen strategy.
The minimum deposit to open an account through the SpeedTrader Pro platform is $10,000, and through the Active Web it's $2,500. For day trading, it is required to deposit at least $30,000 on the balance. Regardless of the type of account chosen, a trader can choose a trading platform. The base cost of the available terminals is $25 and $49 per month. Connecting the mobile version costs $30 per month. The broker does not provide access to the foreign exchange market.
2
Questrade - Best in South America for 2026
Questrade offers clients up to 1:20 leverage, depending on the asset and the account chosen for trading. Potential clients can test the trading conditions on demo accounts. The broker does not provide Islamic accounts (swaps).
3
CapTrader - Best in South America for 2026
CapTrader offers its clients access to trading over 70,000 assets and trading instruments, including currency pairs, stocks, ETFs, mutual funds, commodities, futures, options and CFDs. Marginal trading is available and the leverage ranges from 1:5 to 1:20. The broker’s clients can test the platform and the trading conditions of CapTrader using a free demo account.
4
TradeZero International - Best in South America for 2026
At the moment, TradeZero has one of the most favorable conditions among stock brokers. The company allows you to trade a variety of assets, including stocks, ETFs, and options. Leverage of up to 1 to 6 makes it possible to rely not only on your own funds but also to quickly increase capital. An important advantage is the presence of two free platforms of proprietary development, including a mobile application that is not inferior in functionality to the desktop version. No commissions are charged for limit orders up to 200 shares. Short selling gives you access to hard-to-borrow inventory through a proprietary locate service aggregating availability from 14+ sources. The service delivers a 92.1% average locate fill rate and more than 100 million shares located monthly, with 85% of located shares traded in 2025. Three locate types are available: Standard, Single-Use (Reg SHO threshold), and Pre-Borrow. Locates are available starting at 4:00 AM ET, with overnight borrow rates displayed before you hold a position. Unused locates can be relisted to other clients for partial credit, with sell-backs accounting for 15% of locate sales. Short locates are also available through the API.
5
Interactive Brokers - Best in South America for 2026
Interactive Brokers is militantly developing, offering services to investors regardless of their trading experience. For this purpose, the broker doesn’t ask for a fixed minimum deposit but has margin requirements for accounts of various structures to make trading financially safe. The size of the leverage and Margin call and Stop out levels depends directly on the asset that the client is trading.
TU Expert Review for the best OTC Stock Brokers in South America
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best OTC Stock Brokers in South America is posted below.
SpeedTrader - TU Expert Review
The SpeedTrader broker provides clients with two types of accounts, the terms of which provide for several options for commission fees. On the ApexPro account, the trader pays a fee for each share, on the Axos broker, an additional amount is charged from each transaction. All account types have a subscription fee for using the trading platform and routing. Traders with accounts in SpeedTrader are offered more than 4,500 instruments for trading, a significant selection of charting tools, and indicators for technical analysis. The broker is focused on active clients, therefore a monthly inactivity fee has been introduced. The company has presented a flexible tariff plan that can be customized depending on the trading strategy. Its conditions can be changed once a month. The main disadvantages of cooperation with SpeedTrader are a high minimum deposit to start day trading, a paid version of the mobile platform, and limited options for deposits and withdrawals of funds. In addition, the company does not convert currencies and only trades in USD.
Questrade - TU Expert Review
The Questrade group is a steadily growing online broker from Canada that started working in 1999. It provides services in 2 main areas: independent investing (offered by Questrade Inc.) and the QuestWealth portfolio (offered by Questrade Wealth Management Inc.). The QuestWealth Portfolio is a service for Canadian residents only. It will help those who want to retain and increase their capital. For example, save for education or retirement. Questrade offers many types of accounts: TFSA (Tax-Free Savings Account), RRSP (Savings Account for Retirement), Margin (for leveraged trading), RESP (Account for Education Savings), corporate accounts for legal entities, accounts for trading Forex and CFD contracts. Some accounts are only available to Canadians. For transparency, more information on spreads, commissions, and other costs for each instrument can be found on questrade.com. Detailed terms of trading accounts can be checked with technical support specialists. Online chat operators respond quickly, but they do not always give the best information, and there is support in Chinese and French.
CapTrader - TU Expert Review
CapTrader is an example of how you can build a successful brokerage company based on the Introducing Broker partnership program. The company appeared in 1997 as a partner of the globally known brand Interactive Brokers and took all the best from it – a user-friendly account interface, trading platforms, Investor’s Marketplace platform, where professionals offer their services. CapTrader offers its clients one type of trading account, which makes trading conditions equal for all. The commission limits set by the broker are worth taking notice of. The minimum commission is USD 3.75. The broker also provides low leverage for retail traders. The broker has a professional analytical instrument Trading Workstation, and 3 types of trading platforms. There is automated trading and there are no limitations on trading strategies. CapTrader is regulated under the licenses of Interactive Brokers, namely by the regulators of Ireland and the UK. The broker also holds a license in Germany. It is an important factor in terms of reliability. Therefore, CapTrader is a reliable platform with a wide set of features, targeted primarily at the professional traders.
TradeZero International - TU Expert Review
The broker is headquartered in the Bahamas and is licensed by Lloyds of London and Bahamas First General, the latter of which is rated A by AM Best. Investor funds are insured. The broker complies with tax reporting and works transparently, there are no facts of fraud or violation of the law. Traders can work with stocks, ETFs, and options. All the most popular stocks from the NYSE, Amex, and Nasdaq lists are available. Work with assets is carried out through one of four terminals, all of which are developed and supported by TradeZero specialists. Two terminals are free, including a mobile one. Paid terminals include web and professional versions. They differ in the available functions, such as the number of windows and additional tools. Among the advantages of the broker, one can note a large selection of assets, fixed commissions, convenience, and functionality of terminals. Disadvantages include an initial deposit of $500 and the presence of commissions for depositing funds. It is also worth noting that technical support does not work on weekends, and on weekdays it is only available until 5:00 pm, Eastern time. In general, the broker offers good conditions that stand out when compared with its many competitors. The platform can be recommended to both novice investors and professionals. As for beginners, a large number of high-quality training materials can be considered a clear advantage.
Interactive Brokers - TU Expert Review
During its cooperation with Traders Union the Interactive Brokers investment company proved itself as a reliable partner, which faithfully fulfills its obligations to us. The broker provides clients with a wide range of services, allowing them to engage in both active trading and investments. At the same time, the broker charges a fee for an inactive account, and that's not convenient for passive investors. Despite the lack of a minimum deposit, Interactive Brokers is focused on working with professional market participants. The US and Canadian investors are the main target audiences of the company. Interactive Brokers customer support will help you resolve claims made to the company. You can find all the information about trading conditions and the specifics of various trading instruments on the broker's website. Before opening an account with this broker, we strongly recommend you to read about all trading conditions in detail, as well as reviews of other clients about cooperation with Interactive Brokers.
Summary
Many brokers operate in South America, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best OTC Stock Brokers in South America 2026 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best OTC Stock Brokers in South America
| SpeedTrader | Questrade | CapTrader | TradeZero International | Interactive Brokers | |
|---|---|---|---|---|---|
|
Overall score |
7.59 |
5.94 |
9.2 |
5.05 |
7.48 |
|
Execution of orders |
6.84 |
5 |
8.9 |
4.79 |
6.45 |
|
Investment instruments |
9.2 |
9 |
9.5 |
5.4 |
10 |
|
Withdrawal speed |
8.2 |
7 |
9.3 |
4.9 |
9 |
|
Customer Support work |
7.2 |
3.7 |
9.1 |
5.2 |
6.5 |
|
Variety of instruments |
6.68 |
7.02 |
8.8 |
4.63 |
7.34 |
|
Trading platform |
7.4 |
3.9 |
9.6 |
5.4 |
5.6 |
|
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FAQ
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
Best OTC Stock Brokers by Countries
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
