Many traders in South America use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Forex Trading App in South America for 2026, based on our assessments.
Fusion Markets is a low-cost broker with low commissions and opportunities to create passive income.
eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.
XBTFX provides access to a large number of CFDs on the most sought-after assets. The entry threshold is low, a demo is available, and the minimum deposit is only $10. Spreads on the Standard account are average for the market, while on ECN they are below the market average. The fee is less than that of this broker’s leading competitors. Passive income is available in all the main options, which is a big plus. The main disadvantages are that deposits and withdrawals are made only in cryptocurrencies and this broker does not disclose some trading information on its website.
Among CFD brokers, OneRoyal stands out in many ways. Few offer seven groups of CFDs, and almost no other market operates simultaneously under the control of four regulators. Leverage of 1:1000, minimum trade volume of 0.01 lot, and starting deposit from $50 are quite standard indicators. Spreads from 0 pips and fees of $0-$7 per lot look attractive and outperform many competing companies. Passive income options are additional advantages, as well as high-quality training and tools for technical and fundamental analyses. Unfortunately, this broker does not have a referral program, trading is available only through MT4, and technical support does not work on weekends.
AvaTrade is a brokerage company that provides optimal working conditions for all traders with any skill level. The broker provides customers with security by protecting their data and finances, and they are constantly working to improve the service.
1
Best Forex Apps in South America - Fusion Markets
Fusion Markets is a young broker from Australia. It was created in November 2017 and began to provide full services in 2019. The company offers to trade in currency pairs and CFDs. Headquartered in Cremorne, Melbourne, Australia, the broker is regulated by ASIC (Australian Securities and Investment Commission, 385620), FSA (Financial Services Authority of Seychelles, SD096) and VFSC (Vanuatu Financial Services Commission, 40256).
👍 Advantages of trading with Fusion Markets for traders in South America :
•Reliable regulation;
•No non-trading fees;
•Diversity of financial instruments.
👎 Disadvantages of Fusion Markets for traders in South America:
•Limited educational opportunities;
•No cent accounts;
•Inability to trade with bonus funds.
2
Best Forex Apps in South America - eToro
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders in South America :
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders in South America:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
3
Best Forex Apps in South America - XBTFX
XBTFX is a CFD and cryptocurrency broker offering leveraged trading on digital assets and traditional financial markets. CFDs on more than 200 assets, such as currency pairs, cryptocurrencies, stocks, indices, commodities and precious metals are available. There is a free demo account and two live account types, namely Standard and ECN. Clients can open an Islamic swap free account upon request. There is no minimum deposit requirement, though minimum transfer amounts may apply depending on the funding method. This broker offers good training with articles for novice traders and experienced market participants. Passive income options are a copy trading service, MAM and PAMM accounts, and a referral program.
👍 Advantages of trading with XBTFX for traders in South America :
•Wide pool of assets from different groups;
•The demo account is free;
•No minimum deposit;
•Top trading platforms are available;
•Does not set restrictions on trading;
•Best-in-class spreads and trading fees;
•Educational materials;
•Several passive income options;
•Technical support works 24/7.
👎 Disadvantages of XBTFX for traders in South America:
•All trading instruments are CFDs;
•Does not provide its services to residents of Belgium, Belarus, Russia, Iran, North Korea, Sudan, Yemen, etc.
4
Best Forex Apps in South America - OneRoyal
OneRoyal’s clients trade CFDs on currency pairs, cryptocurrencies, stocks, indices, precious metals, energies, and ETFs. In addition to a free demo account, there are four live account types, namely Classic, ECN, VIP, and ECN Elite. The deposit starts from $50, and spreads start from 0, 0.4, or 1.4 pips depending on the account type. Trading fees also depend on the account type and can be $0, $3.5, or $7 per full lot. This broker provides access to two copy trading services, which are HokoCloud and Myfxbook. Another possibility of passive income is joint MAM accounts. Trading is conducted through MetaTrader 4 (MT4) modified by this broker with 12 unique tools. There is full-fledged training, several specialized services, and technical and fundamental analysis tools. Technical support works 24/5.
👍 Advantages of trading with OneRoyal for traders in South America :
•Gives the most individualized offers
•Does not set trading restrictions
•There are hundreds of CFDs from seven groups in this broker's pool
•There are 14 payment systems available
•The company has existed since 2006
•OneRoyal uses XCore-based high-speed connectivity in its LD4 and NY4 data centers
•Technical support is provided 24/5 by several call centers for different regions
👎 Disadvantages of OneRoyal for traders in South America:
•Traders can work only through MetaTrader 4
•The company has significant regional restrictions
5
Best Forex Apps in South America - AvaTrade
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA ( 45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.
👍 Advantages of trading with AvaTrade for traders in South America :
•a wide range of trading instruments;
•there is a license for the provision of services on the territory of 5 continents;
•customer service operates around the clock;
•provides competent assistance to users in 14 languages;
•a wide choice of convenient trading platforms;
•ability to trade from mobile devices;
•availability of an account for representatives of Islam (swap-free);
•for reliable storage of customer funds, the broker uses a segregated account;
•option for automated trading;
•no restrictions on trade and scalping;
•availability of training materials and conducting webinars.
👎 Disadvantages of AvaTrade for traders in South America:
•the site interface is not user-friendly;
•customer service efficiency and response time
•trading terminals are prone to occasionally freeze.
Best Forex Trading App in South America 2026: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
Fusion Markets - Education for Investors
Investment Education Online
There is no separate training section on the Fusion Markets website. This broker's website cannot be called informative because of its lack of training courses. Blog articles are published on average once a month, and information about trading instruments may not correspond to reality. So, for example, at the time of this writing, the site did not have conditions for trading CFDs on Share, although there is such an opportunity, as you can see from the list of available MetaTrader tools.
The most informative source of educational information from a broker is the Youtube channel.
The broker does not have cent accounts, so the only way to consolidate the knowledge gained in practice will be training on a demo account.
eToro - Education for Investors
Investment Education Online
eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.
Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.
XBTFX - Education for Investors
Investment Education Online
Experienced traders are well aware that practice alone is not enough for success. It is necessary to learn trading methods and life hacks. The market is constantly changing, so it is extremely important to follow the current realities. Moreover, sometimes clients with practically no experience come to brokers. For this reason, some companies offer educational programs. It can be regular FAQs on the basics of trading, or full-fledged training courses. XBTFX, like many competitive platforms, is somewhere in the middle. This broker's website has several extensive and practically useful articles for both novice traders and professionals. The same block provides expert opinions and the latest news with integrated analytics.
The main disadvantage of XBTFX’s educational system is its small volume. But the articles cover almost all the most important topics, including risk management and the psychology of trading. So even experienced market participants can find a lot of useful things here.
OneRoyal - Education for Investors
Investment Education Online
Traders, even with minimal experience, know perfectly well that practice alone is not enough to improve their skills. Thus, more theoretical training is needed. It is necessary to follow the market and use trendy solutions and life hacks, abandoning outdated methods that have lost their effectiveness. Typically, market participants read eBooks, communicate on specialized forums, and attend seminars. Some brokers organize comprehensive training courses for their clients, and OneRoyal is one of them. The knowledge hub provides basic information on the theory of trading in a convenient, structured, and visual form, available in video formats. A whole section is devoted to advanced video lessons, which are divided into thematic modules. This broker regularly holds webinars on trading and investing, conducted by experienced traders. In addition to a block with technical ideas and a collection of articles with analytics, this broker offers the Roy and Al Show, where two professional traders explain in simple terms the important aspects of trading various instruments.
Unlike most brokers, OneRoyal does not focus exclusively on novice traders. Indeed, this broker provides an impressive number of materials for those who are just starting their journey in trading. But the educational system also involves working with middle-level traders and experienced market participants. This applies to both advanced learning and webinars, as well as the Roy and Al Show, which covers a variety of topics. Thus, a trader who does not have any experience in trading can safely register on the OneRoyal website and learn from this broker, subsequently applying the acquired knowledge on a demo account, and then on a live account. Pro-level users will also find a lot of useful things here.
AvaTrade - Education for Investors
Investment Education Online
The broker’s website has the Training section, which contains hundreds of text and video materials. Among them, there is both a base intended for training beginners and deeper analytics for advanced training of experienced traders.
If you want a more effective training system, you should use a demo account. Putting theory into practice will help you gain a better understanding of the material and will enable you to use the acquired knowledge safely to generate income on a live account.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in South America choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Forex Trading App in South America 2026.
| Fusion Markets | eToro | XBTFX | OneRoyal | AvaTrade | |
|---|---|---|---|---|---|
|
Overall score |
7.86 |
8.4 |
7.22 |
5.47 |
7.7 |
|
Execution of orders |
7.95 |
9.1 |
6.49 |
2.19 |
8.05 |
|
Investment instruments |
9.2 |
10 |
4.4 |
9.9 |
10 |
|
Withdrawal speed |
10 |
5 |
7 |
7 |
5 |
|
Customer Support work |
6.2 |
9.3 |
8.8 |
4.5 |
7.9 |
|
Variety of instruments |
7.23 |
7.2 |
8.23 |
7.12 |
8.45 |
|
Trading platform |
6.6 |
9.8 |
8.4 |
2.1 |
6.8 |
|
|
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FAQ
Is it possible to register with a broker using the mobile app?
Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.
Can a platform function less effectively in the app than in the web version?
The platforms of reliable brokers with good apps work as smoothly as the web version. Therefore, there are almost no instances when the app runs poorly and the web version runs well. That may happen only in case of technical failures, which also happen rarely if the app is good.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
How are the apps protected against unauthorized access?
As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.
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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.
