Best Forex Brokers in Argentina for 2024

Written by Zornitsa Stefanova
Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.
, | Updated: May 15, 2024

Finding the best forex brokers in Argentina has just become much easier, with our list of reputable brands offering you the best options one can choose for their forex trading endeavors. Thanks to the thorough reviews our team of trading experts has conducted, you can be certain that each broker on our list ensures a safe, fair, and intuitive experience for Argentinian traders.

1Fusion Markets
Rating: 4.6 ⭐
74-89% of retail CFD accounts lose money
2Global Prime
Rating: 4.1 ⭐
74-89% of retail CFD accounts lose money
3XM Group
Rating: 2.7 ⭐
72.82% of retail investor accounts lose money
4easyMarkets
Rating: 4.5 ⭐
71% of retail investor accounts lose money
5eToro
Rating: 4.2 ⭐
51% of retail investor accounts lose money
6Tickmill
Rating: 3.4 ⭐
70% of retail investor accounts lose money
7Axi
Rating: 3.3 ⭐
The vast majority of retail client accounts lose money
8CMC Markets
Rating: 4.2 ⭐
71% of retail investor accounts lose money
9Vantage FX
Rating: 3.4 ⭐
10Capital.com
Rating: 4.2 ⭐
75% of retail investor accounts lose money

Argentinian Forex Brokers Ranked by Trustpilot Score

Argentinian Forex Brokers Ranked by Spread Commission

Forex BrokerEURUSDUSDJPYEURGBPGBPUSD
1. Tickmill0.10.10.40.3
2. Fusion Markets0.110.130.150.11
3. Global Prime0.130.280.280.22
4. CMC Markets0.50.71.10.9
5. Capital.com0.61021.3
6. easyMarkets0.71.01.00.9
7. XM Group0.80.91.50.9
8. Vantage FX1.01.01.21.0
9. eToro1.01.01.52.0
10. Axi1.21.41.11.2

Argentinian Forex Brokers Ranked by Commission per Lot

Forex BrokerCommission per lot
1. easyMarkets$0
2. eToro$0
3. Vantage FX$0
4. Capital.com$0
5. Fusion Markets$2.25 per lot
6. CMC Markets$2.50 per lot
7. Tickmill$3 per lot
8. Global Prime$3.50 per lot
9. XM Group$3.50 per lot
10. Axi$3.50 per lot

Important Note: The financial market in Argentina, which includes forex trading, is regulated by the National Securities Commission (CNV), the country’s Central Bank, and the Ministry of Finance. Nowadays, Argentinian traders can freely join a wide range of offshore regulated brokers but local entities that wish to offer forex trading and other assets to Argentinians can apply for a license issued by the local authorities. You can always find more information on any of the three regulatory bodies by visiting their official websites at www.cnv.gov.ar, www.economia.gob.ar, and www.bcra.gob.ar.

Top 10 FX Brokers in Argentina

  1. TRADE NOW74-89% of retail CFD accounts lose money
    Fusion Markets Broker Details
    RegulatorsASIC, Financial Services Authority of Seychelles, VFSC
    Min DepositNo min deposit
    Trading PlatformsMetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade
    Trustpilot Rating4.6 out of 1409 reviews
    Number of Forex Pairs to TradeOver 200
    LeverageForex & Metals: 500:1
    Index CFDs: 100:1
    Cryptocurrencies: 10:1
    SpreadEURUSD: 0.11
    USDJPY: 0.13
    EURGBP: 0.15
    GBPUSD: 0.11
    Forex Commission per Lot per Trade$2.25 per lot
    Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire
    Withdrawal MethodsVisa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple

    Founded by Australian trading experts, Fusion Markets was launched in 2017 and is currently one of the top destinations for traders all over the globe. While it is common for brokers to advertise low spreads, Fusion Markets was actually recognized by Brookerchooser, receiving the award “Lowest Spread Forex Broker” four years in a row.

    In addition to offering traders tight spreads, Fusion Markets is committed to offering the best value for your trading, charging a significantly low commission of only $2.25 per lot ($4.50 per side). As you can see, const-effectiveness is one of the main values of this top-shelf broker.

    Safety is always a priority for Fusion Markets, with major regulatory bodies like the Australian Financial Services (license No.385620), the Financial Services Authority of Seychelles (license No.SD096), and authorities in Vanuatu regulating the services provided by the broker. Under ASIC’s (Australian Securities & Investments Commission) regulation, the broker also provides a negative balance protection to some of its clients.

    With no minimum on deposits and a wide range of popular trading platforms like MetaTrader4, MetaTrader5, cTrader, and more, it is no surprise that Fusion Markets is one of the top choices of traders. With an average score of 4.6 out of 5 on Trustpilot, this broker has received an Excellent rating from more than 1,300 happy customers.

    Key Pros

    • Offers some of the lowest spreads
    • ASIC clients enjoy a negative balance protection
    • Supports popular trading platforms
    • Offers two copy trading platforms
    • Supports fiat and crypto payment solutions

    Key Cons

    • Does not offer investor protection
    • Traders outside Australia have no negative balance protection
    • Cannot set up an account in a minor currency
  2. TRADE NOW74-89% of retail CFD accounts lose money
    Global Prime Broker Details
    RegulatorsASIC (No. 385620), VFSC (No. 40256)
    Min Deposit$0 (No min. deposit requirements)
    Trading PlatformsMT4 Desktop, MT4 Webtrader, MT4 Android
    Trustpilot Rating4.1 out of 100 reviews
    Number of Forex Pairs to Trade56
    LeverageForex & Metals: 500:1
    Index CFDs: 100:1
    Cryptocurrencies: 10:1
    SpreadEURUSD: 0.13
    USDJPY: 0.28
    EURGBP: 0.28
    GBPUSD: 0.22
    Forex Commission per Lot per Trade$3.50 per lot
    Deposit Methods

    Visa, Mastercard, PayPal, Skrill, Neteller, Dragonpay, VNPay, Gate8, FasaPay, PromptPay, Pagsmile, QR Code (THB), BPAY, POLi, AstroPay, Bank Wire Transfer, Interac, Perfect Money, PayID, MiFinity, Jeton, XPay, Cryptocurrencies

    Withdrawal Methods

    Mastercard, Visa, Local Bank Transfer, Bank Wire Transfer, Skrill, Neteller, AstroPay, PayPal, Dragonpay, Perfect Money, Jeton, Interac, Cryptocurrencies

    Global Prime is a reliable brokerage that has been providing low-cost trading services since 2010. Regulated by the watchdogs of Vanuatu and Australia, the broker facilitates trading with over 150 financial instruments, including indices, bonds, commodities, cryptocurrencies, and more than 50 currency pairs. Major-pair spreads on raw accounts start at zero pips, with most orders being executed within 10 milliseconds on average. The broker works with MT4 only but plans to soon expand its range of supported platforms with cTrader, MT5, and TradingView.

    These excellent trading conditions, coupled with a streamlined registration process, fee-free transactions to and from customer accounts, and round-the-clock support, have earned the broker a solid 4.1 score on Trustpilot. Still, there is scope for improvement as the company offers no cent and swap-free accounts for Islamic customers. The broker has no compensation scheme for client funds, either, which is yet another area Global Prime could improve in.

    Key Pros

    • Overseen by a top-tier financial regulator (ASIC)
    • No fees on deposits and withdrawals
    • Low fees for FX trading
    • Streamlined sign-up process
    • A broad range of currency pairs

    Key Cons

    • Could use more trading platforms
    • A limited range of educational resources
    • Does not offer Islamic or cent accounts
  3. TRADE NOW72.82% of retail investor accounts lose money
    XM Group Broker Details
    RegulatorsFCA (ref. no. 705428), (ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), MiFID, CFTC
    Min Deposit$5
    Trading PlatformsMetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT$ Multiterminal
    Trustpilot Rating2.7 out of 561 reviews
    Number of Forex Pairs to Trade50+
    LeverageForex & Metals: 30:1
    Index CFDs: 20:1
    Cryptocurrencies: 2:1
    SpreadEURUSD: 0.8
    USDJPY: 0.9
    EURGBP: 1.5
    GBPUSD: 0.9
    Forex Commission per Lot per Trade$3.50 per lot
    Deposit MethodsVisa, Mastercard, China Union Pay, Skrill, Neteller, Bank Transfer
    Withdrawal MethodsVisa, Mastercard, China Union Pay, Skrill, Neteller, Bank Transfer

    Since its inception in 2009, XM managed to attract over 10,000,000 customers, providing the best trading experience for traders online. There are quite a few reasons for so many people trusting XM, with tight spreads and cost-effective pricing being just a few of them. Operated by Trading Point of Financial Instruments Ltd, the broker is regulated by major authorities like the FCA, CySEC, IFSC, ASIC, and many more reputable regulators.

    The brand offers more than 10 full-feature trading platforms that include the MetaTrader 4 and MetaTrader 5 platforms adapted for mobile trading on Android and iOS devices. Mt4 WebTrader, M5 WebTrader, and MT4 Multiterminal are also among the platforms available to XM traders, making trading equally easy and intuitive for any type of trader.

    No matter the account type you opt for, the least amount you are required to deposit to your XM account is $5, with the same limit also imposed on your withdrawals from XM. Conveniently enough, the brand supports a variety of banking methods, with bank cards, e-wallets, and bank transfers being among the solutions one can use to handle their XM balance.

    Key Pros

    • Traders can choose from over 10 platforms
    • Covers a great number of currency pairs
    • Regulated by major authorities
    • Offers smooth trading on the go
    • Supports different account types with tight spreads and low fees

    Key Cons

    • Trading platform’s design seems outdated
    • Not listed on stock exchange
    • Charges an inactivity fee
  4. TRADE NOW71% of retail investor accounts lose money
    easyMarkets Broker Details
    RegulatorsCySEC (license no. 079/07), ASIC (license no. 246566), FSA (license no. SD056), and FSC (license no. SIBA/L/20/1135).
    Min Deposit$100
    Trading PlatformseasyMarkets, MetaTrader 4, MetaTrader 5, TradingView
    Trustpilot Rating4.5 out of 1618 reviews
    Number of Forex Pairs to Trade60+
    LeverageForex & Metals: 30:1
    Index CFDs: 20:1
    Cryptocurrencies: 2:1
    SpreadEURUSD: 0.7
    USDJPY: 1.0
    EURGBP: 1.0
    GBPUSD: 0.9
    Forex Commission per Lot per Trade$0
    Deposit MethodsVisa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank Transfer
    Withdrawal MethodsVisa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank Transfer

    Starting in 2001, nowadays, easyMarkets is one of the top brokers that cater to the preferences of a wide range of traders, with several licenses authorizing the brand to operate in multiple markets. To ensure traders’ safety, the broker is regulated by authorities like CySEC (license no. 079/07), ASIC (license no. 246566), FSA (license no. SD056), and FSC (license no. SIBA/L/20/1135).

    Being among the pioneers in online trading, easyMarkets was the first one to introduce advanced tools like dealCancellation, Freeze Rate, and Inside Viewer. As for the platforms available to members of the broker, first, we would like to highlight the easyMarkets platform, which boasts a simple design and a selection of advanced trading tools that will appeal to experienced traders. Meanwhile, there is also the alternative to use platforms like MetaTrader 4 and 5 as well as TradingView. Mobile trading is also very accessible thanks to the dedicated easyMarkets app available to both Android and iOS users.

    Competitive spreads and low fees are also among the features that make easyMarkets a preferable destination for a large number of traders. The company enjoys an average score of 4.6 out of 5 on Truspilot’s review platform, further cementing the broker’s reputation. Going live requires a minimum deposit of only $100, with the broker supporting a wide selection of deposit methods.

    Key Pros

    • Offers tight spreads and low fees
    • Supports trading of over 60 currency pairs
    • Regulated by several reputable authorities
    • Supports a wide range of payment methods
    • Offers a proprietary platform

    Key Cons

    • Number of supported products is somewhat limited
    • Does not offer copy trading platform
    • Traders from certain countries may have access to fewer payment methods
  5. TRADE NOW51% of retail investor accounts lose money
    eToro Broker Details
    RegulatorsCySEC (No.109/10), FCA (No. FRN 583263), ASIC (No. 491139), SFAS (No.SD076), ADGM (No. 220073)
    Min Deposit$10
    Trading PlatformsProprietary web, mobile, and desktop platforms
    Trustpilot Rating4.2 out of 22902 reviews
    Number of Forex Pairs to Trade55
    LeverageForex & Metals: 30:1
    Index CFDs: 20:1
    Cryptocurrencies: 2:1
    SpreadEURUSD: 1.0
    USDJPY: 1.0
    EURGBP: 1.5
    GBPUSD: 2.0
    Forex Commission per Lot per Trade$0
    Deposit MethodseToro Money, Visa, Mastercard, Neteller, PayPal, Skrill, iDeal, Klarna, Bank Transfer, Trustly, Przelewy24
    Withdrawal MethodsPayPal, Skrill, Visa, Mastercard, Neteller, Trustly, Bank Transfer

    Launched in 2007, eToro is home to a global investment community of more than 30 million customers. The company operates with licenses from tier-one financial regulators like CySEC, ASIC, and FCA. The brokerage provides a varied range of tradable instruments, including 55 currency pairs, 32 commodities, 21 equity indices, and thousands of stocks. Cryptocurrency, ETF, and NTF trading is also possible via the platform.

    Forex traders will benefit from spreads as low as a single pip on major pairs like the EUR/USD. Unlike many rival brokers, eToro charges no commissions on currency trades. All costs and fees are built into the spreads instead. The broker’s proprietary platform is well-designed and user-friendly enough to accommodate novice and versed traders. Another thing that distinguishes eToro from rival brokerages is its social and copy trading platform that leaves the competition in the dust with its superior features.

    Key Pros

    • Offers trading with over 5,000 instruments
    • Ideal for social and copy trading
    • No commissions on forex trades
    • Effortless registration process
    • Offers negative balance protection

    Key Cons

    • Withdrawals are subject to additional processing fees ($5)
    • USD is the only base account currency
    • Charges inactivity fees on dormant accounts
  6. TRADE NOW70% of retail investor accounts lose money
    Tickmill Broker Details
    RegulatorsCySEC (No. 278/15), FCA (733772), CONSOB (No.4310), BaFin (No.146511), ACPR (No.75473), CNVM (No.4082), FSA Seychelles (SD 008), FSCA (FSP 49464)
    Min Deposit$100
    Trading PlatformsMT4, MT5, WebTrader, ZuluTrade
    Trustpilot Rating3.4 out of 525 reviews
    Number of Forex Pairs to Trade62
    LeverageForex & Metals: 30:1
    Index CFDs: 20:1
    Cryptocurrencies: 2:1
    SpreadEURUSD: 0.1
    USDJPY: 0.1
    EURGBP: 0.4
    GBPUSD: 0.3
    Forex Commission per Lot per Trade$3 per lot
    Deposit MethodsBank Transfer, Skrill, Mastercard, Visa, PayPal, Przelewy24, Neteller, Trustly
    Withdrawal MethodsMastercard, Visa, Skrill, Neteller, Przelewy24, PayPal, Bank Transfer

    ickmill is a multi-licensed broker with over 780,000 registered customers worldwide. It provides low-cost trading with over 180 financial instruments, including currency pairs, equity indices, commodities, cryptocurrencies, bonds, and stocks. Raw spreads start at zero pips for FX majors, with nominal commissions on Raw accounts. It is also worth mentioning that Tickmill is one of the few online brokers to issue no requotes. It receives heaps of praise for delivering some of the fastest execution times in the industry, filling client orders within 0.20 seconds on average.

    The brokerage supports trading via the robust MT4 and MT5 platforms, with customers facing a choice from their downloadable and web-based versions. Clients interested in dipping their toes in copy trading can conveniently connect their Tickmill accounts to the ZuluTrade platform. Tickmill keeps client funds in segregated accounts and maintains insurance against insolvency with Lloyds Bank despite boasting sufficient liquidity to weather hard times. On the downside, bank-transfer deposits incur additional fees when below the $5,000 threshold.

    Key Pros

    • Offers swap-free accounts for Islamic customers
    • No commissions on FX trades via Classic accounts
    • Global presence in over 180 countries
    • FX spreads from zero pips on Raw accounts
    • Swift order execution with no requotes

    Key Cons

    • Could use more base account currencies
    • Bank-transfer deposits below $5,000 incur extra fees
  7. 7. Axi
    TRADE NOWThe vast majority of retail client accounts lose money
    Axi Broker Details
    RegulatorsASIC (No. 318232), FMA (No. 518226), FCA (No. 466201), FSA (St. Vincent and Grenadines)
    Min Deposit$0
    Trading PlatformsMT4 Desktop, MT4 WebTrader, Axi Mobile
    Trustpilot Rating3.3 out of 1436 reviews
    Number of Forex Pairs to Trade70+
    LeverageForex & Metals: 30:1
    Index CFDs: 20:1
    Cryptocurrencies: 2:1
    SpreadEURUSD: 1.2
    USDJPY: 1.4
    EURGBP: 1.1
    GBPUSD: 1.2
    Forex Commission per Lot per Trade$3.50 per lot
    Deposit MethodsVisa, Mastercard, Bank Transfer, Neteller, Skrill, AstroPay, Fasapay, Przelewy24, Boleto, Pix, Bitcoin, Ethereum, Ripple, Litecoin, Tether, Stellar
    Withdrawal MethodsMastercard, Visa, Bank Transfer, Przelewy24, Fasapay, Skrill, AstroPay, Pix, Boleto, Neteller, Bitcoin, Ripple, Ethereum, Litecoin, Tether, Stellar

    Since 2007, Axi has served 60,000 traders from more than 100 countries, offering low-cost trading with over 290 financial instruments across five major asset classes. The company carries licenses from Australia’s ASIC, New Zealand’s FMA, and the UK’s FCA. It enjoys a fine reputation among traders worldwide and has not seen any controversies.

    The Sydney-based broker caters to customers with over 70 currency pairs and charges no commissions on FX trades conducted via Standard retail accounts. Commissions are in place only on Pro and Elite accounts but fall within the industry averages. Hard and soft commodities, equity indices, cryptocurrencies, and stocks are tradable at favorable conditions and low pricing via the MT4 platform.

    Leverage caps are jurisdiction-specific, with customers in some countries benefiting from leverage ratios of up to 500:1. Multiple base currencies are available for retail accounts, allowing traders to save on currency conversion fees. The broker caters to its international client base with over a dozen payment methods. Using payment solutions like Fasapay and Boleto is restricted to specific regions only.

    Key Pros

    • Provides multilingual customer support
    • Standard and Pro accounts available in 10 base currencies
    • No minimum deposit requirements on Pro and Standard accounts
    • Over 70 FX pairs tradable from zero pips
    • Swift order execution and tight spreads

    Key Cons

    • A limited choice of trading platforms
    • Below-average number of tradable symbols
  8. TRADE NOW71% of retail investor accounts lose money
    CMC Markets Broker Details
    RegulatorsAFS (licenses no.238054 and no. 246381), FCA (licenses no. 173730 and no. 170627
    Min Deposit$0
    Trading PlatformsCMC Markets’ Next Generation, MetaTrader 4
    Trustpilot Rating4.2 out of 1923 reviews
    Number of Forex Pairs to Trade330+
    LeverageForex & Metals: 30:1
    Index CFDs: 20:1
    Cryptocurrencies: 2:1
    SpreadEURUSD: 0.5
    USDJPY: 0.7
    EURGBP: 1.1
    GBPUSD: 0.9
    Forex Commission per Lot per Trade$2.50 per lot
    Deposit MethodsVisa, Mastercard, PayPal, Bank Transfer
    Withdrawal MethodsVisa, Mastercard, PayPal, Bank Transfer

    When it comes to online trading, trusting a worldly-wise broker like CMC Markets, which pounced on the scene way back in 1989, is always the best decision. In 1996, the brand launched its operations online, claiming to be the first to complete a forex deal online. While this cannot be confirmed, the company certainly is one of the pioneers of online trading, currently ranking among the most trustworthy brokers online.

    Forex traders will be pleased to see that the broker covers a wide range of currency pairs, while other types of traders will also appreciate the numerous CFDs and spread betting available on CMC Markets’ platforms. The broker offers its clients the proprietary platform Next Generation, which is rather intuitive and easy to use. Unfortunately, the Next Generation platform does not support automated trading. However, those who prefer this style of trading may install the MetaTrader 4 platform, also supported by CMC Markets.

    One of the best qualities of CMC Markets is the company’s transparency as it is publicly traded and licensed by some of the most reliable authorities in this industry. Regulated by the ASIC, the broker is authorized by the AFS to offer derivative products under license no.238054 and stockbroking services under license no. 246381. The broker has also been licensed by the UK’s FCA, operating under license no. 173730 and license no. 170627 (spread betting). It comes as no surprise that CMC Markets has become a top destination for numerous traders who have given the broker an average score of 4.2 out of 5 on Trustpilot.

    Key Pros

    • Publicly traded reputable brand
    • One of the first online forex brokers
    • Covers an extensive selection of currency pairs
    • Offers proprietary trading platform
    • Enables smooth mobile trading

    Key Cons

    • Automated trading available only on MetaTrader4
    • Fees on stock CFDs can be high
    • Supports a limited number of payment methods
  9. Vantage FX Broker Details
    RegulatorsFCA (license no. FRN: 590299), VFSC (reg. No. 700271), ASIC (license no. no. 428901), FSCA (license no. 51268), CIMA (no. 1383491)
    Min Deposit$50
    Trading PlatformsMetaTrader 4, MetaTrader 5, ProTrader, TradingView, Copy Trading
    Trustpilot Rating3.4 out of 3033 reviews
    Number of Forex Pairs to Trade40+
    LeverageForex & Metals: 30:1
    Index CFDs: 20:1
    Cryptocurrencies: 2:1
    SpreadEURUSD: 1.0
    USDJPY: 1.0
    EURGBP: 1.2
    GBPUSD: 1.0
    Forex Commission per Lot per Trade$0
    Deposit MethodsVisa, Mastercard, Union Pay, Boleto, Bank Wire, Skrill, Neteller, Crypto
    Withdrawal MethodsVisa, Mastercard, Union Pay, Bank Wire, Skrill, Neteller, Crypto

    Vantage is an online broker offering traders over 1,000 CFD products, with competitive pricing offering members of the company to enjoy the best value for their investments and sales. Founded in 2009, the broker has proven to be one of the most trustworthy names in this industry, with authorities like ASIC, FCA, FSCA, CIMA, and VFSC regulating the services provided by Vantage.

    Trading at Vantage FX is possible through several platforms, including MetaTrader 4 and 5, TradingView, and ProTrader. Copy Trading is also available to Vantage FX clients, with the broker receiving the ForexBrokers’ recognition for the Best in Class for Copy Trading in 2024. Copy Trading is available on the Vantage FX app, offering smooth trading on the go for both Android and iOS users.

    Once they decide to top up their Vantage FX account, traders will be able to choose from methods like credit and debit cards, bank transfers, e-wallets like Neteller and Skrill, crypto wallets, and the instant banking service of Boleto. Keep in mind that some methods are country-specific and may not be available to all traders using the services of Vantage FX. You can fund your account with as little as $50 or the equivalent in another currency.

    Key Pros

    • Regulated by reputable authorities
    • Offers over 1,000 CFD products
    • Supports various popular platforms
    • Enables easy copy trading on mobile app
    • Tight spreads and low commission for forex traders

    Key Cons

    • Some banking methods are exclusive to certain markets
    • Could add more currency pairs to its products
    • Limited educational materials
  10. TRADE NOW75% of retail investor accounts lose money
    Capital.com Broker Details
    RegulatorsAustralian Securities & Investment Commission (ASIC) (License # 513393), CyprusSecurities and Exchange Commission (CySEC) (License# 319/17), Financial Conduct Authority (FCA) (License # 793714),The Financial Services Authority of Seychelles (FSA), The Securities Commission of The Bahamas (SCB)
    Min Deposit$20
    Trading PlatformsMetaTrader 4, TradingView
    Trustpilot Rating4.2 out of 10490 reviews
    Number of Forex Pairs to Trade125+
    LeverageForex & Metals: 30:1
    Index CFDs: 20:1
    Cryptocurrencies: 2:1
    SpreadEURUSD: 0.6
    USDJPY: 10
    EURGBP: 2
    GBPUSD: 1.3
    Forex Commission per Lot per Trade$0
    Deposit MethodsBank transfers, VISA, MasterCard, Maestro, Apple Pay, PayPal, Neteller, Skrill, Sofort, Przelewy, TrueLayer, iDEAL, Trustly, SPEI
    Withdrawal MethodsBank transfers, bank cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly

    Capital.com is a broker that has been providing its services since 2016. It has licenses from several Tier-1 regulators, including the ASIC, CySEC, and FCA, ensuring a secure trading environment. More than 580K registered traders enjoy an excellent user experience, from hassle-free account opening to streamlined trading.

    Capital.com offers market-leading spreads on more than 125 currency pairs. The brand’s product offering goes far beyond forex trading, with 3,000 indices, commodities, shares, major cryptocurrencies, and altcoins tradable both on desktop and mobile.

    The minimum deposit requirements at Capital.com start from $20, with diverse payment methods, including bank transfers, bank cards, and various e-wallet brands. Withdrawals do not entail processing fees and demo accounts are available to practice in a simulated trading environment with virtual funds. The brand is praised for its rich assortment of educational materials, the latest market news, and advanced analytical tools.

    Key Pros

    • Trusted by 580K+ traders across the globe
    • Trading guides for beginner, intermediate, and advanced traders
    • Mobile apps for Android and iOS devices
    • Low FX fees built into the spread
    • Negative balance protection

    Key Cons

    • There is an inactivity fee after 1 year
    • No two-step login
    • No price alerts on the web platform

Is Forex Trading Legal in Argentina?

While forex trading used to be extremely limited in the territory of Argentina, nowadays, it is a fully regulated and legal activity, with local authorities regulating the trading market in the country. In 2016, the Central Bank of Argentina revoked any remaining rules that were limiting foreign exchange activities in the country. These changes were introduced for the purpose of introducing a fairer, less costly, and more competitive forex trading environment in Argentina.

As mentioned above, the trading sector in Argentina is regulated by three different authorities, including the Argentinian Central Bank, the CNV, and the Ministry of Finance. While these three work towards making forex trading more accessible in Argentina, currently, online options available to Argentinian traders include only offshore brokers regulated in different jurisdictions.

While there are no laws restricting Argentinian traders from joining foreign trading websites, it is recommended to always choose brands licensed and regulated by reputable authorities. These include the FCA, CySEC, ASIC, and more authorities that require their license holders to follow a range of guidelines and rules that ensure a fair and secure trading environment.

Forex Trading Regulations in Argentina

While there are three different authorities responsible for the regulation of the financial market and trading services in Argentina, the current state of this sector is still very complicated due to the unstable economy of the country. Even though the CNV can authorize the operation of brokers in Argentina, there are still no local entities that have been licensed to legally offer forex trading to Argentinian traders.

With the foreign exchange industry constantly going through regulatory amendments, it is still difficult to provide any specific legal framework for the way Argentina regulates forex trading. With Argentinians being allowed to engage in trading different currency pairs across foreign websites, it is mainly the regulations implemented by authorities like the FCA, ASIC, or the FSA that dictate the way forex trading among Argentinians is conducted.

Even though the CNV requires brokers who wish to operate from within Argentina to obtain permission from local authorities, such requirements do not apply to offshore brokers. What is more, there are no rules limiting Argentinians’ access to foreign brokers but it is recommended they choose entities regulated by other reputable offshore authorities. That ensures that traders will enjoy extra security via tools like negative balance protection, leverage limits, and even investor protection in some cases.

How Can Argentinian Traders Verify Forex Brokers’ Authorizations?

Currently, as we provide this review to our readers, we could not find any local broker licensed by the CNV. However, as most Argentinians opt for forex trading with offshore forex brokers, we can help them verify the licenses the forex brand of their choice is holding.

Any reputable trading website would clearly state the name of its operator, its registration number, and the regulators that have authorized the operations of the entity. Such information is typically listed on the bottom part of the official webpage of each broker. Additionally, traders can load the official website of any regulator listed on the broker’s page and confirm the validity of any license by contacting the respective regulator’s support team. Many regulators are also providing official registers of the entities they have authorized to operate, making license verification even easier.

Are Argentinian Traders’ Funds Safe with Forex Brokers?

The safety of your funds depends mainly on your choice of Argentinian-friendly forex broker. If you have joined a website authorized by tier-1 regulators, you can be sure that your money will always be treated in the most secure manner. To obtain operational licenses from top-tier regulators, brokers are typically required to obtain a minimum starting capital that will ensure the entities are capable of offering their customers financial services. Even after they have received their licenses, brokers are typically subject to regular audits, ensuring their capability to handle the financial services they offer to their clients.

Most regulators also require brokers to keep their customers’ funds in segregated bank accounts. That ensures extra protection for traders’ funds, which will be intact even in the case of the brokerage going bankrupt or losing money for a different reason. It is also worth noting that some brokers may offer investor protection, ensuring customers refunds in case of losing money due to the broker’s mistake. This measure, however, may often be offered only to residents within the EU, so Argentinian traders are advised to check the availability of any protection tool before they join a broker.

Offshore regulated forex brokers are also usually required to implement strict AML (anti-money laundering) measures to combat attempts for fraudulent activities, including terrorist financing. To prevent identity thefts, brokers will usually request that newly registered traders go through a standard KYC (Know Your Customer) process. Argentinian traders make no exception, with most brokers requiring identity verification either upon registering with the brand or before they can make their first withdrawal.

Do Argentinian Brokers Provide Negative Balance Protection?

Depending on the regulators authorizing the operation of the broker you have chosen for your forex trading, you may have access to a different set of protection instruments. One such additional security measure adopted by many reputable brokers catering to Argentinian traders is negative balance protection. Regulators like the FCA, CySEC, ASIC, and more have introduced several regulations to reduce the risk factor that is inevitably attached to forex trading. Requiring regulated brokers to implement negative balance protection to their retail clients’ accounts will ensure that traders cannot end up losing way more than they can afford.

With Argentinians often having negative balance protection, forex trading becomes less risky, allowing traders to trade currency pairs and avoid losing a sum bigger than the money they have deposited into their accounts. That way, a huge loss will simply reduce one’s balance to 0, with traders owing the broker no additional money.

Do Traders Pay Tax on Forex Trading in Argentina?

With Argentinian regulators constantly introducing new regulations to ensure better management of the foreign exchange sector in the country, one should be aware of all changes in the laws and taxation system within the country. Under the current legislative framework, Argentinians are required to pay taxes on their forex trading gains. It should also be mentioned that the Argentinian government has imposed a tax on purchases made abroad via credit cards, which may discourage many Argentinians from spending foreign currencies.

To be sure they are well aware of the latest changes in the legislative framework of the country and the tax system of Argentina, local forex traders are advised to contact experts on tax laws in Argentina, helping them to determine the tax rate applied to their forex trading gains.

How Does the Available Leverage in Argentina Compare to the Leverage at Brokers Regulated Offshore?

Many top-tier regulators have introduced leverage limits that licensed forex brokers are required to comply with and reduce the risk linked to trading currency pairs. Currently, there have not been any limits on forex trading leverage introduced by the Argentinian regulators. What is more, with the current situation within the country leaving Argentinian traders no other choice but to join foreign websites authorized by other major regulators, the allowed leverage maximum will vary according to the broker Argentinians choose to join.

Leverage limits are typically introduced as a security measure, reducing the risk, especially when traders are inexperienced and may fail to assess the risk when trading with higher leverage. Regulators like the FCA, ASIC, and CySEC as well as other EU-based regulatory bodies have taken a somewhat balanced approach, introducing a maximum leverage of 30:1 on major currency pairs and 20:1 on non-major currency pairs. Compared to US brokers, these limits are somewhat lower, with forex trading websites allowed to offer US traders a maximum leverage of up to 50:1 on major currency pairs. That said, brokers licensed to operate in the US may choose to impose lower limits on forex trading.

If European limits seem low, you should take a look at the maximums introduced in some Asian countries, with markets like South Korea and Japan allowing maximum leverage ratios of 10:1 or even 5:1. While these may seem extremely low, such restrictions have been introduced due to the extremely high risk linked to forex trading with higher leverage.

If Argentinian traders still wish to increase the potential returns by making use of high leverage limits, they might approach brokers licensed in different jurisdictions. For instance, under the FSA regulations, brokers operating within the Seychelles are allowed to offer a leverage of up to 5000:1. Such rates, however, can be extremely unreasonable, which is why we advise Argentinians to opt for trading brands that have imposed less risky leverage limits.

What Do You Need to Qualify to be Designated as a Professional Trader in Argentina?

Argentinian traders will notice that many forex brokers allow their clients to open several account types, with professional trading accounts being one of the available options. This kind of trading is suitable for forex traders who enjoy placing high-risk orders, prefer trading higher volumes, and place multiple orders to make the most of their investments. However, only a particular type of trader can qualify for a professional account with a broker, with conditions ranging depending on the regulator overseeing the operations of the trading company.

Usually, most regulators have similar requirements for professional clients, with individuals with experience in trading, knowledge to support that experience, and a hefty portfolio proving the eligibility of traders. If Argentinian traders wish to apply for professional trading accounts with the forex broker of their choice, they can contact the support team and ask for the types of documents they need to submit in order to qualify for professional trading status.

To give you a better understanding of conditions that you may be asked to meet, we will list professional trading requirements at most EU-regulated brokers:

  • Traders must have done at least 10 transactions of significant size per quarter in the last 12 months
  • Traders must have at least one year of working experience in a position in the financial market sector
  • Traders’ financial instruments portfolios must be evaluated at €500,000 or higher

These requirements may differ, depending on the forex broker you have chosen to join.

What Trading Platforms Are Available to Argentinian Traders?

As already mentioned, Argentinian traders are welcomed by a large number of offshore forex brokers, allowing them to pick from a wide range of platform options. Picking a broker is often done considering the types of platforms traders will have access to. If you are a beginner, you would like to be able to use a user-friendly platform that will allow you a smooth introduction to forex trading and its specifics. MetaTrader 4 and MetaTrader 5 are typically the most popular variations used for forex trading and the majority of Argentinian-friendly brokers will support both of the options alongside their in-house proprietary platforms and more modern versions like cTrader.


MetaTrader 4MetaTrader 4: One of the most popular platforms in the forex universe, MT4 is a suitable software option for both beginners and more experienced traders. Covering a decent number of markets and enabling automated trading, MT4 is preferred by many forex traders. The convenience of launching the platform on any device, including a smartphone, allows traders a smooth trading experience at any time and place.


MetaTrader 5MetaTrader 5: Yet another popular platform solution, MT5 offers its users to trade forex, stocks, CFDs, and futures, making trading more accessible through a user-friendly interface. Charts and technical analysis tools are some of the features integrated into MT5’s design, allowing better assessment of risks.


MetaTrader 4cTrader: While this is a platform choice more suitable for experienced traders, it can easily make anyone’s forex trading experience smoother, faster, and more intuitive. Drawing tools, charts, and analysis allow traders to spot trends easily and get a better insight into markets. Fast order executions are also among the perks that cTrader users can enjoy, making forex trading for many Argentinians even more enjoyable.


Below you can find some useful references with links to organisations that monitor the forex market in Argentina.

  1. The National Securities Commission (CNV)
  2. www.economia.gob.ar
  3. www.bcra.gob.ar