CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.
AvaTrade are an award-winning, international broker with regional offices throughout the world and over 200,000 registered customers. They are amongst the leading online brokers, and their services are available to clients from Costa Rica. AvaTrade is internationally regulated by the BVI Financial Services Commission. The company’s website is available in a selection of different languages with a dedicated Spanish language website for customers in Latin America. Furthermore, customer helplines are available in the region in Argentina, Brazil, Chile, and Colombia.
Through the variety of AvaTrade platforms, customers get access to over 250 financial instruments across a wide range of markets. These instruments include stocks, bonds, indices, commodities, and cryptocurrencies. Forex can be traded through the internationally recognised MetaTrader 4 platform. All the platforms are available to be used through a web-browser, or can be downloaded as an app. This is useful for traders who wish to access their account from a mobile device while on the go. The company’s website hosts comprehensive educational materials for traders, such as free webinars, eBooks, articles, market indicators, and educational videos.
Recently, AvaTrade also launched a dedicated learning platform, SharpTrader, for their customers. A 21-day demo account is available for traders to hone their trading skills and familiarise themselves with the AvaTrade platforms. The minimum deposit value is US$100 for customers using their debit or credit card to fund their account, or US$500 for customers depositing funds with a wire transfer. Electronic payment wallets such as PayPal, Skrill, and Neteller are also available for customers in Costa Rica.
XTB have been providing trading services for 15 years. They were incorporated as X-Trade in 2002 and were the first foreign exchange brokerage in the Polish market offering leverage. They subsequently merged into XTB in 2004. Today XTB is one of the largest stock exchange-listed Forex and CFD brokers in the world. Over the years, it has seen a rapid expansion, spreading its wings from its headquarters in Warsaw and opening offices in over 13 other countries, including Belize, Germany, France, Poland and Turkey. Customers from Costa Rica can benefit from the Latin American version of the XTB website, which is in Spanish – the official language of Costa Rica. The nearest regional office is in Santiago, Chile.
XTB’s financial conduct is monitored by the world’s top regulators including the FCA, IFSC, KNF, BaFin and CMB. As a regulated company, XTB holds all its clients’ deposits in a segregated account, which means they are not mixed with their own funds, providing additional protection for clients. As standard, XTB clients have a designated account manager and access to a Spanish language customer support team, 24hrs a day.
Customers can conduct trades from a range of devices, including a smartphone, desktop, laptop or tablet. XTB offer over 3000 markets including, FX, commodities, indices, and stocks. They have tight spreads beginning at 0.3 pips and execution is performed at market level. The maximum leverage available to clients is 200:1. This allows clients to benefit from small market movements with relatively low deposits, however it should be noted that if the market moves against them, significant losses can also be experienced by clients as a result of the high leverage.
XTB’s award-winning xStation 5 trading platform has the following features: bulk order closing, interactive charts with technical indicators, complete trade management, an economic calendar, and real-time market news. The average trade execution time is 85 milliseconds, allowing traders to take advantage of fast market moves. Alternatively, traders can use the world’s most popular trading platform, MT4, which is respected for its simplicity, powerful analytical tools, customisability, and ability to add signals and EAs (Expert Advisors) from the MQL5 trading community.
Clients in Costa Rica can make a deposit using money bookers such as Skrill and Neteller, make a bank wire transfer or use credit cards. XTB accept deposits and withdrawals in US dollars. Typically, transactions requested before 1pm GMT are made on the same day. XTB cover all the transfer costs.
Forex.com scored best in our review of the top brokers for costa rica , which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:
Forex.com offers one way to tradeForex . If you wanted to trade EURUSD
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.
Forex.com have a AAA trust score . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19
|Regulated by||Financial Conduct Authority|
|Uses tier 1 banks|
|Segregates client funds|
Want to see how Forex.com? We’ve compared their spreads, features, and key information below.
|USD/JPY Spread||0.90||DAX Spread||250.0|
|FTSE 100 Spread||150.0|
|Platform||MT4, Web Trader, NinjaTrader, Tablet & Mobile apps|
|Base currency options||USD, GBP, EUR|
|Funding options||Bank transfer, Cheque, DebitCard,|