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 amongst the most reputable and widely used online financial brokers with around 200,000 registered users up to 2017. The company are multinational, with regional offices catering for customers around the world. The brokerage is regulated internationally by the BVI Financial Services Commission and within the EU by the Central Bank of Ireland. The company’s website can be viewed in over 15 languages, with the most suitable for traders from Ecuador and other South American countries being the Spanish language Chilean version of the website. AvaTrade have a variety of platforms on offer. AvaOptions is specifically targeted towards traders who want to trade a variety of option types, including spot, calls and puts. Over 40 Forex pairs and commodities are available through this platform. Customers wishing to use the industry standard can open an account with AvaTrade and select the MetaTrader 4 platform for trading Forex. Other platforms include AvaTradeAct, which allows clients to access to more than 250 financial instruments including bonds, shares, stocks, Forex, commodities, indices, and cryptocurrencies. The company’s website offers a wealth of educational resources for traders such as free eBooks, webinars, educational videos, articles, and market indicators. The company also hosts a dedicated learning platform, SharpTrader, for its customers. Furthermore, traders can apply for a free 21-day demo account to put their trading skills to the test. AvaTrade accepts two deposit methods globally, including wire transfer (minimum US$500) and debit/credit card (minimum US$100). As well as USD, customers from Chile can select GBP, AUD or EUR as the base currency for their account.
XTB was established as X-Trade in 2002, when they offered leveraged currency trading services to Polish clients. Their operation soon expanded, first to the Czech Republic, and then all around Europe. Now known as XTB, the firm have extended their operations to cover many countries around the world, and one of the most recent locations is Latin America, where their regional offices are situated in Chile and Uruguay. Customers from Ecuador can select the Latin American version of the XTB website, which is in Spanish, the official language of Ecuador. The global subsidiary, XTB International Limited, is regulated by the International Financial Services Commission which is based in Belize. XTB’s operations around the world are also subject to supervision from some of the world’s top regulatory authorities, including the Financial Conduct Authority (FCA) in the UK, the National Securities Market Commission (CNMV) in Spain, the German Federal Financial Supervisory Authority (BaFIN), and Banco Central del Uruguay (BCU). This demonstrates XTB’s commitment to the customer, as they have put in place processes to ensure they meet the high regulatory standards that are required of them. XTB offer award-winning technology to facilitate their clients’ trading requirements. The powerful xStation 5 enables ultra-fast order execution, and offers features such as depth of market, social trading options, an economic calendar and access to market insights. If preferred, XTB clients can instead opt for the widely used MetaTrader 4. The platforms can be downloaded as an app for those who want to manage their trading activity from mobile devices, including smartwatches. Traders from Ecuador can also benefit from a dedicated Spanish customer service team, who are available to provide support 24 hours a day, 6 days a week. Another feature offered to clients in Latin America is access to free academy standard training. The learning materials are provided in Spanish, and the program is comprehensive and suitable for all levels. Just some of the top financial instruments available to customers from Ecuador include the US30, commodities such as silver and gold, and cryptocurrencies such as Bitcoin, which can be traded as currency pairs, for example, BTCUSD.
Forex.com scored best in our review of the top brokers for ecuador , 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,|