Best Forex Brokers in Guatemala for 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Guatemala based on our analysis:
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AvaTrade - Best Forex broker in Guatemala - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. A rich set of educational resources and market analysis. - 3
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. - 4
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 5
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 6
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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. - 8
HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 9
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 10
FreshForex - Extensive experience (since 2004). Minimum deposit from $25. Wide selection of currencies and cryptocurrencies for accounts.
This thorough guide is designed to help you find a broker that perfectly matches your trading strategy while ensuring the safety of your investments. Each broker highlighted here excels with their unique offerings, state-of-the-art technology, and stringent security measures, providing an outstanding trading experience in Guatemala's vibrant Forex market.
Comparison of the Best Forex Brokers in Guatemala
| Broker |  AvaTrade |  Libertex |  FP Markets |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.7/5 |
| Foundation Year | 2005 | 1996 | 2005 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Saint Vincent and the Grenadines, Belarus, Cyprus, Mauritius | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles |
| Regulators | Central Bank of Ireland Central Bank of Ireland KNF KNF FCA FCA BVIFSC BVIFSC ASIC ASIC FSCA FSCA JFSA JFSA JFFA JFFA FSRA FSRA ISA ISA CIRO CIRO | SVGFSA SVGFSA НБ РБ НБ РБ CySEC CySEC FSC FSC | ASIC ASIC CySEC CySEC FSCA FSCA SVGFSA SVGFSA SFSA SFSA |
| Minimum Deposit |
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| Trading Accounts |
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| Spread | from 0.6 points | from 0 points | from 0 points |
| Trading Assets (CFDs) |
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| Review | AvaTrade Review | Libertex Review | FP Markets Review |
| Broker Comparison | |||
| 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 Guatemala for 2025
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. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
9. 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
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
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 Guatemala
The regulatory framework for Forex and CFD brokers in Guatemala is comprehensive and aimed at ensuring the fairness and transparency of trading activities.
Key Regulatory Bodies in Guatemala
Superintendencia de Bancos (SIB): The SIB is the primary regulatory authority responsible for supervising and regulating financial institutions, including Forex brokers. It ensures compliance with regulations to maintain the integrity of the financial system and protect investors' interests.
Banco de Guatemala: As the central bank of Guatemala, Banco de Guatemala is responsible for monetary policy, issuing currency, and regulating the payment system. While it doesn't directly regulate Forex trading, its monetary policies and actions can significantly influence the foreign exchange market.
Verifying Broker Authorization
To confirm a broker's authorization under the SIB, traders can utilize the SIB's online resources. This platform allows investors to verify if a Forex broker is regulated and authorized to operate in Guatemala. Brokers typically display their regulatory status under the SIB on their websites.
Traders should seek the broker’s name in the SIB’s listings for assurance. Additional information on broker licensing and regulation can be found on various financial market websites and platforms for more comprehensive verification.
How We Compiled the List of Top Forex Brokers in Guatemala
Our process for identifying the leading Forex trading platforms in Guatemala was conducted with rigorous precision and a comprehensive set of benchmarks:
In-Depth Research and Evaluation: We started by compiling an extensive Forex trading brokers list that meets our stringent criteria. Each broker underwent a thorough evaluation methodology to assess their services and operational efficiency impartially.
Regulatory Compliance: We gave priority to brokers regulated by recognized financial authorities such as the Superintendencia de Bancos (SIB) and other reputable international regulators like the FCA, ASIC, and CySEC. This ensures that the brokers operate transparently and adhere to strict financial standards.
Trading Conditions and Platforms: We evaluated brokers based on their trading conditions, including spreads, fees, minimum deposits, and the variety of trading instruments available. Additionally, we assessed the quality and usability of their trading platforms, favoring those that offer 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 critical factor, with an emphasis on the availability of support in Spanish and accessible communication channels. We also considered brokers that offer localized services, such as websites and educational resources in Spanish, to better serve Guatemalan traders.
User Feedback: Genuine feedback from traders who have used these brokers firsthand was incorporated to provide a comprehensive view of each broker's strengths and weaknesses. This includes aspects such as ease of use, customer service experiences, and overall satisfaction.
FAQ
What is the safest Forex broker?
The safest Forex brokers are typically those regulated by reputable financial authorities. Some examples include IG, regulated by the FCA (UK), Pepperstone, regulated by ASIC (Australia), and XM, regulated by CySEC (Cyprus).
Which Forex broker is legal in Guatemala?
Forex brokers that are regulated by the Superintendencia de Bancos (SIB) of Guatemala are legal. Additionally, brokers like IC Markets and XM, regulated by international authorities such as CySEC and FCA, are also considered legal and trustworthy for Guatemalan traders.
How to choose the best Forex broker?
To choose the best Forex broker, consider factors like regulatory compliance, trading conditions (spreads, fees, and instruments), trading platforms, customer support, and user reviews. Starting with a demo account can also help evaluate the broker's services.
What are the Forex trading regulations in Guatemala?
Forex trading in Guatemala is regulated by the Superintendencia de Bancos (SIB), which ensures that brokers operate transparently and adhere to financial standards. Regulations focus on protecting investors and maintaining market integrity.
Is Forex trading legal in Guatemala?
Yes, Forex trading is legal in Guatemala. Traders should ensure they work with brokers regulated by the Superintendencia de Bancos (SIB) or other reputable international authorities.
Can you make money with Forex trading in Guatemala?
Yes, it is possible to make money with Forex trading in Guatemala, but it involves significant risk. Success requires a good understanding of the market, effective strategies, and careful risk management.
What are the best Forex brokers in Guatemala?
The top Forex brokers in Guatemala include XM and AvaTrade, known for their robust regulatory compliance, competitive trading conditions, and excellent customer support. These brokers are regulated by reputable authorities like CySEC and FCA.
How much money do I need to begin Forex trading?
The amount of money needed to begin Forex trading varies by broker, but many brokers allow you to start with a minimum deposit ranging from $50 to $500. It’s advisable to start with an amount you can afford to lose.
What’s the best broker for beginners in Guatemala?
The best Forex broker for beginners in Guatemala is XM, offering a low minimum deposit of $5, user-friendly MetaTrader platforms, and extensive educational resources. Another good option is RoboForex, with a $10 minimum deposit and comprehensive support for new traders.
What is CFD trading?
CFD (Contract for Difference) trading is a form of derivative trading that allows you to speculate on the price movements of various financial instruments without owning the underlying asset. It involves higher risk due to leverage. For more information, you can check out the top CFD brokers.
What does a Forex broker do?
A Forex broker provides a platform for retail traders to buy and sell foreign currencies. They offer various services, including trade execution, market analysis, educational resources, and customer support.
Which are the top Forex brokers in the world?
The top Forex brokers in the world are typically regulated by leading authorities such as the FCA, ASIC, and CySEC. Examples include brokers like Pepperstone, OANDA, and XM, known for their reliability, comprehensive services, and positive user feedback.
What is the local currency used in Guatemala?
The local currency used in Guatemala is the Guatemalan Quetzal, abbreviated as GTQ.
