Ecuador

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by John Bringans

June 13, 2025

The first step for every forex trader should be choosing a reliable, well-regulated forex broker. The team at BrokerNotes has conducted extensive research and data collection on international forex brokers and the local regulatory environment to create this guide for Ecuador-based forex traders. Read more to learn which forex broker is best for your needs.

According to official estimates, the population of Ecuador as of 2020 is 17.2 million people. The national currency of Ecuador is the United States dollar, although the Ecuadorian currency unit, known as the sucre, is still used for accounting purposes and is in circulation. The central bank of Ecuador is known as the Central Bank of Ecuador (BCE). The primary responsibilities of the Central Bank of Ecuador include the issuance and regulation of money and credit, overseeing the banking system, and supervising the activities of Ecuador's foreign exchange market. In addition to the Central Bank of Ecuador, the Superintendency of Banks and other Financial Institutions (SBS) serves as another financial markets regulator in Ecuador. As the primary financial markets regulator, the SBS is responsible for supervising and regulating banks, credit unions, insurance companies, and other financial entities in the country. It is also tasked with preventing money laundering and other illicit activities, monitoring compliance with banking regulations, and protecting the safety of customers' deposits and investments.

Best Forex Brokers Ecuador for 2025