Forex.com is already a well-known name in European and British investing circles. However, the retail trading provider has turned its attention to the Latin American market. Clients from the region can now trade thousands of the broker’s products using the MetaTrader 5 platform.
Spanish Trading Services
Replicating the popular model used in other jurisdictions, Forex.com is offering over 80 currency pairs, 15 indices and more than 9,000 stock CFDs. The broker’s platform and trading services will also be available in Spanish for users in the region. Clients can download the free MetaTrader 5 terminal or use the iOS and Android-friendly mobile applications.
Forex.com had this to say of the move: “We have spread our wings and landed in Latin America, expanding our borders and offering our award-winning online trading platforms to traders in Latin America.”
Forex.com is among a select few companies that offer regulated retail forex trading services in the US and Canada. The international brand also has a presence in Europe, Australia and Japan, amongst other major markets.
Forex.com along with City Index is operated by GAIN and last year was acquired by the StoneX Group in a deal worth approximately $236 million. Following the move, the company has looked to consolidate the brands and entities under its umbrella while pursuing opportunities in new regions, such as Latin America.
Forex.com is a trusted FX and CFD broker with regulatory oversight from multiple agencies, including the FCA, CySEC and CIMA. Leveraged trading is available across its suite of products with negative balance protection in place to curb losses.
Alongside desktop and mobile trading, clients can also make use of a suite of additional tools, including an economic calendar, market alerts and in-app live chat support. Spreads on major forex pairs and popular CFDs are competitive and the broker follows a transparent pricing model.
News that Forex.com has launched retail trading services for aspiring investors in Latin America will be welcomed by many. We also expect the broker to tailor its offering to local traders in the coming months so keep an eye out for the latest updates.