Company

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details
CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Colombia

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose
For Colombia?

scored best in our review of the top brokers for colombia, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages
  • Leverage up to

offers one way to trade: . If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being established for over years, and much more. For comparison:

Trust Score comparsion

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you'll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn't available in the following countries: . They do not offer islamic accounts either.

Part 3

A Comparison of vs. vs.


Want to see how stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Spread type
EUR/USD Spread
EUR/GBP Spread
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

AvaTrade

www.avatrade.cl

AvaTrade are providers of award-winning online trading facilities, and are amongst the top brokers for traders in the South American region, including Colombia. The multinational company are headquartered in Dublin, Ireland, where they are regulated by the Central Bank of Ireland. They are regulated internationally by the British Virgin Islands Financial Services Commission, where their international holding company head office is located.

There are different language versions of the AvaTrade website, each of which are suitable for traders from different regions. The Chile version of the website is the most suitable for traders from Colombia. The site is in Spanish, the official language of Colombia, allowing traders to access the wealth of information available on the site in their first language. The website offers comprehensive educational resources for learning traders to enhance their trading knowledge. These resources include free webinars, eBooks, articles, videos, and market indicators. In addition, AvaTrade have also launched a dedicated learning platform, SharpTrader, which is also available in Spanish.

Through the different platforms available from AvaTrade, customers can access over 250 financial instruments across different markets. These include indices, such as the IBEX 35 which tracks the top Spanish stocks; bonds; commodities, such as silver, gold and oil; Forex, such as GBP/USD; and cryptocurrencies like Ethereum and Bitcoin. AvaTrade also offer a number of automated trading solutions, including their own RoboX, which has millions of trading strategies programmed into it, allowing traders to select a trading strategy that perfectly meets their preferences. Social trading applications are also available, such as Mirror Trader, ZuluTrade and MQL5 signals service.

Traders can trial the AvaTrade software for free for 21 days with a demo account that provides access to real-time trading data and 100,000 virtual dollars to place practice trades with.

AvaTrade accept two main deposit methods throughout the globe including wire transfers and debit cards/credit cards. Traders outside of Europe and Australia also have access to eWallet payment solutions, such as PayPal.

A base currency of USD, GBP, EUR or AUD can be selected for the account, and the minimum value required to open the account is 100 of the selected currency.

XTB

www.xtb.com/lat

With thousands of brokers flooding the market, XTB have cut through as one the best brokers in the world. XTB are trusted by clients all over the world as they are domiciled in countries with well-developed financial regulation. It is possible to find XTB offices in countries like Belize, UK, Poland, Germany, France and Turkey. As a result of providing world-class services over the years, Money Markets Journal awarded them with the title ‘Best broker in Europe’. With a Latin America version of their website, which is provided in Spanish, plus dedicated Spanish customer support in Colombia, this makes them an ideal choice for Colombian traders.

XTB offer a choice of two platforms to trade from, xStation 5 and MT4. The xStation 5 proprietary trading platform is amongst the most powerful on the market. As a result, the platform was the winner of the ‘Best trading platform 2016’. It has an appealing user interface with all the tools a trader needs at hand, including indicators to analyse charts, market watch, performance statistics, real-time news, an economic calendar, and a knowledge base section. It is known for being easy to use, fully customisable, and the average execution time is just 85 milliseconds. XTB’s MT4 has been enhanced with features like multi-asset coverage, such as FX, indices and commodities. It is also offered on a no dealing desk execution basis, with no requotes, and it supports Expert Advisors (EAs).

Creating an account is straightforward and takes just a few minutes. The minimum client deposit accepted is 500 of the selected currency (such as USD). Once the account is created, a trader has full access to XTB’s trading platforms. To activate the account, documents proving a trader’s identity and address are required.

XTB are amongst the most secure brokers in the world. Client funds are placed in a segregated account and are not mixed with their own funds. The international authorities that the XTB group are responsible to include the International Financial Services Commission (IFSC) which is based in Belize and covers the Latin America region, the Financial Conduct Authority in the UK (FCA), the Polish Financial Supervision Authority (KNF), the Federal Financial Supervisory Authority (BaFin), and also the Capital Markets Board of Turkey (CMB). The regulatory regimes that are required to be followed through these regulators ensure that client protection comes first in the firm’s list of priorities.


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