Best Forex Brokers in Chile for 2026
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Chile based on our analysis:
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AvaTrade - Best Forex broker in Chile - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 3
Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. A rich set of educational resources and market analysis. - 4
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 5
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 6
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 7
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ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 9
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FreshForex - Extensive experience (since 2004). Minimum deposit from $25. Wide selection of currencies and cryptocurrencies for accounts.
This thorough list is designed to assist you in finding a broker that matches your trading strategy while prioritizing the protection of your investments. Each broker highlighted here distinguishes itself with unique features, advanced technology, and stringent security protocols, ensuring an outstanding trading experience in Chile's vibrant Forex market.
Comparison of the Best Forex Brokers in Chile
| Broker | AvaTrade | XM | Libertex |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.7/5 |
| Foundation Year | 2005 | 2009 | 1996 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles | Saint Vincent and the Grenadines, Belarus, Cyprus, Mauritius |
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| Trading Accounts |
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| Spread | from 0.6 points | from 0 points | from 0 points |
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| Review | AvaTrade Review | XM Review | Libertex Review |
| Broker Comparison | |||
| Register | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds |
List of the Best Forex Brokers in Chile for 2026
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inactivity fee.
- Standard account has a higher spread than the market average.
3. Libertex
Libertex is an established broker with a broad range of instruments and a solid educational base. The Libertex and MT4/MT5 platforms support both self-directed trading and ready-made solutions: copy trading (Libertex Social), model portfolios, and curated investment ideas.
Traders get multiple account types for different styles, competitive costs with zero deposit fees, and convenient funding/withdrawal options. Regular research, an economic calendar, and trading signals help with planning and risk management. A limitation is the absence of fixed-spread and Islamic accounts, which may matter to some investors.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- A rich set of educational resources and market analysis.
- Strong platform lineup: proprietary Libertex and professional MT4/MT5.
- Copy trading and investing in stocks and ETFs are available.
- Instant, fee-free deposits and a wide choice of funding and withdrawal methods.
Cons
- An inactivity fee applies.
- No fixed-spread accounts and no Islamic accounts.
4. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
5. Roboforex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
6. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
7. Plus500
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
8. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
9. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
10. FreshForex
FreshForex is a broker with a long history in the market, a wide selection of trading accounts, high leverage, and an affordable minimum deposit. It is suitable for active traders who value flexibility in choosing trading instruments, are interested in high-risk strategies, and are willing to work with an offshore company without licenses from leading global regulators. Thanks to the availability of a demo account, a variety of analytical materials, and training courses, FreshForex may also be of interest to novice traders who want to hone their skills without making large investments.
Pros and Cons of FreshForex
Pros
- Extensive experience (since 2004).
- Minimum deposit from $25.
- Wide selection of currencies and cryptocurrencies for accounts.
- Various analytical and educational materials.
Cons
- No licenses from reputable regulators.
- High spreads and commissions on a number of instruments.
- No PAMM accounts or copy trading.
- No online chat or support via messengers.
Regulation of Forex Brokers in Chile
The regulatory framework for Forex and CFD brokers in Chile is well-established and comprehensive, ensuring fairness and transparency in trading activities.
Key Regulatory Bodies in Chile
Comisión para el Mercado Financiero (CMF): The CMF is the main regulatory authority responsible for supervising and regulating financial institutions, including Forex brokers. It ensures compliance with regulations to maintain the stability of the financial system and protect investors' interests.
Banco Central de Chile: As the central bank of Chile, it is responsible for monetary policy, issuing currency, and regulating the payment system. Although it does not directly regulate Forex trading, its policies and actions can significantly influence the foreign exchange market.
Verifying Broker Authorization
To verify a broker's authorization under the CMF, traders can utilize the CMF's online resources. This platform allows investors to check if a Forex broker is regulated and authorized to operate in Chile. Brokers usually display their regulatory status under the CMF on their websites.
Traders should look up the broker’s name in the CMF’s listings for assurance. Additional information on broker licensing and regulation can be found on various financial market websites and platforms for more thorough verification.
How We Compiled the List of Top Forex Brokers in Chile
Our method for identifying the best Forex trading platforms in Chile was conducted with meticulous precision and a comprehensive set of criteria:
Extensive Research and Evaluation: We started by compiling a broad Forex broker directory, ensuring they met our predefined criteria. Each broker was meticulously analyzed through a detailed evaluation process to assess their services and operational efficiency impartially.
Regulatory Compliance: We prioritized brokers regulated by recognized financial authorities such as the Comisión para el Mercado Financiero (CMF) and other reputable international regulators like the FCA, ASIC, and CySEC. This ensures the brokers operate transparently and adhere to strict financial standards.
Trading Conditions and Platforms: Brokers were evaluated based on their trading conditions, including spreads, fees, minimum deposits, and the range of trading instruments available. We also assessed the quality and usability of their trading platforms, favoring those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.
Customer Support and Localization: The quality of customer support was a crucial factor, focusing on the availability of support in Spanish and accessible communication channels. Additionally, we considered brokers that offer localized services, such as websites and educational resources in Spanish, to better serve Chilean traders.
User Feedback: Genuine feedback from traders who have used these brokers firsthand was incorporated to provide a well-rounded view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.
Our thorough research ensures that we present only the most reliable and user-friendly Forex brokers to help you make informed decisions in the Chilean market.
FAQ
Is Forex trading legal in Chile?
Yes, Forex trading is legal in Chile. The market is regulated by the Comisión para el Mercado Financiero (CMF), ensuring compliance with financial standards and protecting traders.
What is the most legit Forex broker in Chile?
The most legitimate Forex brokers in Chile are typically those regulated by the CMF or other reputable international regulators like the FCA, ASIC, and CySEC. Examples include brokers like AvaTrade, OANDA, and XM.
How can I verify if a Forex broker is regulated in Chile?
To verify if a Forex broker is regulated in Chile, you can check the broker's registration status on the CMF's official website. Most brokers also display their regulatory information on their websites.
How to choose a safe broker as a Chile-based trader?
To choose a safe broker, ensure they are regulated by the CMF or a reputable international authority. Look for transparent trading conditions, positive user reviews, robust customer support, and secure trading platforms.
Are there any special offers or bonuses for Forex traders in Chile?
Many brokers offer special promotions, such as deposit bonuses, trading rebates, or no-deposit bonuses. Always read the terms and conditions to understand the requirements and restrictions associated with these offers. For more information, visit our page on Forex brokers with a bonus.
What is the best trading platform in Chile?
The best trading platforms in Chile include MetaTrader 4 (MT4) and MetaTrader 5 (MT5) due to their popularity, advanced features, and reliability. Other notable platforms include cTrader and proprietary platforms offered by brokers.
How to mitigate risks in Forex trading as a Chilean trader?
To mitigate risks, use risk management tools like stop-loss orders, diversify your trading portfolio, stay informed about market conditions, and never invest more than you can afford to lose. Additionally, consider using a demo account to practice trading strategies.
What are the typical trading hours for the Forex market in Chilean time?
The Forex market operates 24 hours a day from Monday to Friday. In Chilean time (CLT), the market opens at 5:00 PM on Sunday and closes at 5:00 PM on Friday. For more details and to see the market hours in your local time, you can use the Forex time converter.
What leverage is available for traders in Chile?
Leverage availability varies by broker, but typically ranges from 1:30 to 1:1000. It's important to choose a leverage level that aligns with your risk tolerance and trading strategy. For more information, you can check out the top Forex brokers with high leverage.
What are the common fees and charges of Forex brokers in Chile?
Common fees include spreads, commissions, overnight swap fees, and withdrawal fees. Some brokers may also charge inactivity fees. Always review a broker's fee structure before opening an account.
How can I withdraw money from Forex brokers in Chile?
Withdrawals can usually be made via bank transfer, credit/debit card, or e-wallets like PayPal, Skrill, or Neteller. Check the broker's withdrawal policies and processing times for details.
Do I need to pay taxes on Forex trading in Chile?
Yes, profits from Forex trading are subject to taxation in Chile. It's advisable to consult with a tax professional to understand your tax obligations and ensure compliance with local tax laws.
Is Forex good for beginners?
Forex can be good for beginners if they take the time to learn the basics, practice with a demo account, and start with small investments. Education and proper risk management are crucial for success.
What are the most traded currency pairs among traders in Chile?
Popular currency pairs among Chilean traders include EUR/USD, USD/JPY, GBP/USD, and USD/CHF. These pairs typically offer high liquidity and tighter spreads.
What are the risks of trading in the financial markets?
Risks include market volatility, leverage-induced losses, and the potential for fraudulent brokers. Effective risk management and thorough research are essential to minimize these risks.
How much money do I need to begin Forex trading?
The amount needed to start trading varies by broker, but many brokers allow you to open an account with as little as $100. However, it's recommended to start with a larger amount to manage risks more effectively. For more information, you can explore brokers offering Forex trading low minimum deposit.
What is a demo account and why is it important?
A demo account is a practice account funded with virtual money. It allows traders to test trading strategies, learn platform functionalities, and gain experience without risking real money.
