Looking for the top broker in Argentina? After testing 80 brokers this year, our experts have identified the 6 best options tailored to diverse trading needs. complete with practical tips.
Forex and CFD trading in Argentina allows traders to engage in global markets, with a focus on currency pairs involving the Argentine Peso and various assets through CFDs. The Comisión Nacional de Valores (CNV) regulates these markets, ensuring legal compliance and security.
Traders face unique challenges due to Argentina’s economic volatility, including inflation and potential currency controls, which can impact market dynamics and trading strategies. It’s crucial to select reputable, CNV-regulated brokers and remain aware of tax implications and currency policies. Successful trading in Argentina requires adapting to its specific economic context, emphasizing risk management, and continuous market education.
To choose the best brokers in Argentina, we used the FX Empire’s 250-point rating system to identify the leaders in each category. We focused on the following key features:
Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. I subsequently used my 16 years of forex trading experience to examine and analyze all our findings, resulting in the selection of the best brokers for Argentinian traders across various categories. You can read more about it and how we conduct our tests here.
Now, let’s explore the selected brokers.
Established in 2011, FXTM provides trading opportunities in forex, indices, stocks, and commodities under the regulation of the FCA, CySEC, FSCA, CMA (Kenya), and FSC Mauritius.
Regional Features:
FXTM gives access to the widely used MT4 and MT5 platforms, along with its proprietary FXTM Trader mobile app. On MT4, the broker offers unique indicators such as Pivots SR Levels and a Pip Value Calculator, indicating the value of a pip/point move for any instrument. Copy trading services are accessible through a dedicated Invest account.
The broker delivers robust research support through its in-house team, focusing on both fundamental and technical analysis. This is complemented by a comprehensive educational suite, including articles, ebooks, and videos, which are designed to guide new traders through the market’s complexities. Additionally, clients receive support from a dedicated customer solutions representative, facilitating smoother interactions with the broker.
In my analysis, I noted that the trading costs for the Micro account align with industry standards. For instance, the spread for gold fluctuated between 36 and 45, while the spread for EUR/USD stood at 2. The Advantage account, while offering more competitive spreads, does include commission fees. FXTM provides a variety of deposit and withdrawal methods, including those local to specific regions.
Established in 2017, Zero Markets enables trading across a diverse range of assets including forex, indices, commodities, stocks, bonds, and cryptocurrencies, regulated by ASIC and the FSC in Mauritius, with an additional entity in St. Vincent & the Grenadines.
Regional Features:
Zero Markets supports the MetaTrader 4 and 5 platforms across all devices, featuring copy trading. The broker also provides Signal Start for copy trading, waiving the $25 monthly fee per provider under conditions like a $1000 deposit and 5 lots of monthly trading volume, with signal providers earning 30% of subscription fees.
Research tools at Zero Markets include Autochartist and various MT4/MT5 enhancements like Correlation and Sentiment Trader. A free VPS is available for those meeting specific deposit and trading volume criteria. Seasoned traders can benefit from MAM/PAMM accounts.
My analysis showed Zero Markets offers competitive spreads and fees, with EUR/USD spreads at 1.2-1.3 and Dow Jones spreads at 1.6-2.1, though share CFD commissions were on the higher side. The broker ensures no charges for deposits, withdrawals, or inactivity.
Established in 2009, Vantage provides trading opportunities in forex pairs, indices, commodities, stocks, and cryptocurrencies. This broker, based in Sydney, operates under the regulation of ASIC (Australia) and CIMA (Cayman Islands).
Regional features:
Vantage offers clients MetaTrader 4, MetaTrader 5, and the TradingView-powered ProTrader, with the latter being particularly user-friendly for beginners. The proprietary Vantage Mobile App enhances trading on the go. The broker’s comprehensive research support includes regular updates through articles, videos, and webinars, catering well to traders’ needs. Additionally, the educational resources are extensive, featuring a variety of formats tailored especially for newcomers to trading.
The broker’s attractive bonus scheme includes a 50% bonus on the initial deposit (up to $500) and a 10% bonus on subsequent deposits (up to $19,500), potentially totaling $20,000 in bonuses. The 50% is exclusively for the first deposit, while the 10% applies to additional deposits. Eligibility for Vantage’s free VPS hosting requires a minimum deposit of $1,000 and a monthly trading volume of $1 million in closed trades.
My analysis revealed Vantage’s competitive edge in spreads across different asset classes, with EUR/USD spreads ranging between 1.2 and 1.4, and Dow Jones spreads from 1 to 1.3. Importantly, Vantage maintains a no-fee policy for subscriptions, account maintenance, inactivity, deposits, and withdrawals, adding to its appeal as a broker.
Since its inception in 2007, IC Markets has carved out a reputable position in the trading industry with ASIC, CySEC, and FSA Seychelles oversight. The broker offers an extensive array of trading instruments, including forex, commodities, stocks, indices, and cryptocurrencies.
Regional Features:
My evaluations revealed IC Markets’ competitive edge with tight spreads across both Standard and Raw Spread accounts, frequently surpassing industry norms. For example, EUR/USD spreads in the Standard Account averaged 0.6 – 0.7, with Gold spreads around 18-20. The Raw Spread account’s low commissions further enhance its appeal for active traders.
IC Markets impresses with its diverse trading portfolio, offering over 2100 stocks and a selection of platforms including MetaTrader 4, MetaTrader 5, and cTrader, catering to various trader preferences. The broker enriches its service with in-house technical and fundamental analysis and integrates third-party research tools like Trading Central and Autochartist.
Distinctively, IC Markets excels in facilitating deposits and withdrawals, providing 15 different methods in multiple currencies, and offers a complimentary VPS service, making it an attractive choice for algorithmic traders.
Founded in 2013, TMGM is s Sydney-based broker that operates under the regulation of ASIC, FMA, and VFSC. It offers trading in forex pairs, commodities, stocks, indices, and cryptocurrencies.
Regional Features:
TMGM provides access to the widely used MetaTrader 4 and the IRESS platform, designed for professional stock traders. Although copy trading is not supported, the platform facilitates automated trading via Expert Advisors across all account types. Fund managers benefit from HUBx for efficient client account management.
The broker’s research tools feature Trading Central, a valuable resource for traders at all levels. Trading Central’s sentiment analysis is particularly insightful, given the significant influence of market sentiment on short-term price movements. It’s worth mentioning that extreme market sentiment can serve as a contrarian indicator, signaling potential reversals when traders are overly bullish or bearish.
In my evaluations, TMGM’s spreads were competitive, falling in the low-to-medium range within the industry. For example, the EUR/USD spreads were observed at 0.9, and WTI oil spreads at 0.04. TMGM also offers a variety of deposit and withdrawal options, accommodating multiple currencies.
Use our guide to choose the forex broker in Argentina according to your trading goals.
The process of choosing a broker begins with learning where your potential broker is regulated. Argentina-based traders have access to the global entities of brokers, which are typically regulated by offshore regulators.
These regulators often do not impose strict limits on leverage, allowing traders to access high levels of leverage. However, you should be aware that compensation schemes may not be available. Consequently, if a broker faces financial difficulties, traders will have to navigate the situation independently.
Read more about Best regulated forex brokers.
Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.
Check out our list of best zero spread forex brokers.
As an Argentina-based trader, you should understand the difference between various types of accounts.
Read more about Best forex cent accounts and Best forex high-volume accounts.
Typically, most brokers offer access to MetaTrader 4 and/or MetaTrader 5. Those are sophisticated platforms with a variety of tools tailored mainly for experienced traders, hence beginners may need to spend some time learning the ropes.
Some brokers have also developed their own in-house trading platforms. These platforms are usually tailored to the needs of traders at various experience levels. They are easy to navigate and simple to use.
Check out our dedicated guide on Best forex trading platforms.
The choice of trading platform largely depends on personal preferences and trading experience. In my opinion, for novice traders it’s better to start with a user-friendly platform or a mobile app, whereas experienced traders often prefer MT4/MT5.
Read more about each trading platform in our detailed guides on the Best MT4 and Best MT5 forex brokers.
Leverage provides traders with the opportunity to boost their profits through the use of borrowed funds. The higher the leverage, the greater your potential profits may be. However, leverage can be a double-edged sword, as it can also magnify potential losses. Thus, I would advise beginners to start with low levels of leverage to avoid the risk of substantial losses.
The maximum potential leverage a broker can offer is determined by the regulator. As Argentina-based traders have access to broker’s global entities, they will engage with offshore regulators that do not impose specific limits on leverage for retail clients. Thus, the leverage can be as high as 1:2000.
It’s necessary to consider your risk tolerance and trading strategy before engaging in high-leverage trading. Additionally, traders should be aware that offshore regulators offer fewer protections.
Read more about best forex brokers with high leverage.
Based on my trading experience, I have outlined the five things to avoid when choosing a broker in Argentina:
To safeguard yourself against forex scams, follow these essential guidelines:
FX Empire, with a history dating back to 2010, has established itself as a reputable authority in broker reviews. Our extensive experience in evaluating CFD brokers, spanning over a decade, has led us to develop a meticulous and comprehensive review strategy. Adhering to stringent guidelines for editorial integrity, we consistently uphold our commitment to deliver unbiased evaluations.
We follow a diligent protocol for our review process, integrating objective criteria and quantifiable data. This methodical approach allows us to generate a justified score that accurately reflects the performance of a broker. Our mission is to provide traders with a thorough and unbiased review, empowering you to make well-informed decisions aligned with your specific needs.
To choose the best brokers for you, we rate them across nine categories and calculate a score that reflects their performance.
The categories include:
We open accounts, test platforms, measure spreads, and chat with support teams to collect as much data as we can for each broker. Overall, we evaluate brokers based on more than 250 distinct data points. Every category receives a rating from one star (weak) to five stars (excellent). The broker’s total score depends on its performance in each of these nine categories.
We highlight each broker’s strengths and weaknesses, explain regulatory details, and share the results of our live tests of brokers’ fees, customer support, and trading platforms. To learn more about our review process, click here.
In this guide, I focused on forex brokers best suited for Argentinian traders. I have given priority to brokers offering specific features, such as customer support and website accessibility in Spanish, the availability of local deposit and withdrawal methods, and bonuses and promotions tailored to Argentinian clients.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.