24 Best Forex Brokers in El Salvador.
Finding the list of the Best Forex Brokers in El Salvador and worldwide can be a difficult process, especially finding a list of trustworthy brokers who accept Salvadorian traders and who allow these traders to invest in their currency, the Ukrainian hryvnia (SVC) .
El Salvador is the smallest and the most densely populated country in Central America which boasts a still-impressive 6,421 Million Potential Forex Traders . El Salvador’s economy is largely based on 3 sectors, Service, Industrial and Agriculture.
Here are our 10 Best Handpicked Forex Brokers in El Salvador.
Salvadorian traders can make their choice of Broker from 24 of the Best Globally Regulated Forex Brokers and Trading Platforms who not only accept local investors but also offer favorable trading conditions .
IQ Option.
IQ Option is a forex & binary options broker with offices based in the UK, Cyprus, and the Seychelles, and regulated by the FCA and CySEC . IQ Option offers traders three trading account to choose from, Retail, Professional and Demo.
IQ Option offers the following underlying assets for FX trading .
90+ Currency Pairs Based on major and minor world currencies . 17 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, Zcash, Qtum, Cardano, OmiseGo, Stellar, EOS, IOTA, NEO, NEM, TRON . 5 Indices CFDs Based on baskets of different blue-chip stocks. 3 Metal CFDs Based on Gold , Silver and Platinum. 2 Energy CFDs Based on Crude Oil (WTI, Brent). 1 Soft CFD Based on Wheat. 130+ Stock CFDs Based on shares of US, UK and EU companies. 28+ ETF CFDs Based on exchange-traded funds containing various tradable assets.
IQ Option offers the following underlying assets for Binary Options trading (unfortunately, not available for EU residents).
30+ Currency Pairs Based on major and minor world currencies. 2 Indices BOs Based on DFMGI, TelAviv-25. 2 Metal BOs Based on Gold and Silver. 20+ Stock BOs Based on shares of US companies.
Payment methods accepted include all the usual options like VISA, MasterCard, Skrill and Neteller, plus a range of other online money transfer services, including AstroPay, Qiwi, and WebMoney. IQ Option’s trading platform is web-based and supports both binary options and forex & CFD trading within the same user interface.
Customer support is available 24/7 via email and local phone numbers in 13 countries.
Olymp Trade.
Olymp Trade is a well-known online trading platform, which offers trader multiple different assets, including binary options. Olymp Trade is regulated by the IFC. Safety measures and precautions are put first by this platform and it is considered a financial organization which keeps the interests of their clients in mind at all times.
Apart from the demo account , a standard and VIP account is available respectively. To open a standard account, users only need to make a minimum deposit of £10 and to qualify for a VIP account, users need to deposit at least £2,000.
Traders are also offered access to educational resources and training materials . Customer Support is available via Phone, email and their website.
Alpari.
Alpari with its long-standing brand history, numerous offices, range of account types and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms. Alpari is regulated by the FSC .
Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker. The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.
Alpari offers traders more than 250 tradable assets to trade across Forex, Stocks, Indices, Metals, Cryptocurrencies and Futures on the MetaTrader suite of trading platforms.
In addition to a demo account , 4 more accounts are on offer. These 4 accounts are divided into standard accounts and enhanced accounts , which are known as ECN types . The standard account options are available as a basic option and are known as the MT4 MicroAccount and the standard MT4 account . The accounts more suited to experienced traders are the standard ECN account and the ECN Pro Account , which offer instant execution.
Customer Service is available via live chat, email and phone service.
Leverage: 1:30 to 1:888 *Depends on the entity of the group.
Regulation: CySEC, ASIC, IFSC.
Min. Deposit: USUS Dollar 5.
HQ: Cyprus , Australia, Belize.
Platforms: MT4, MT5, XM WebTrader.
Founded in: 2009.
XM operates with clients from over 196 countries and offers support in 30 languages. The main branch located in Cyprus is regulated by CySEC . 1.5 Million Traders and investors choose XM and their wide range of XM trading products on offer. F our main account types are on offer – Micro, Standard, XM Ultra Low Account and Shares Accounts . Traders can select the base currency of their preference from a large selection on offer. This range includes South African Rand (ZAR), Singapore Dollar (SGD) and other global currencies.
Customer Support is available via live chat, email and phone.
Forex Time (FXTM)
FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category. Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.
FXTM offers traders the opportunity to trade in the following markets:
Forex Cryptocurrencies ( Bitcoin, Ethereum, Litecoin etc) Please take Note: FXTM offers crypto trading via Exinity Limited and Instruments on offer are based on a traders country of residence. CFDs for Indices and Commodities (FTSE, DAX, Nasdaq etc) Spot metals ( Gold, Silver ) Shares CFDs (Apple, BP, Google etc)
FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.
Customer Service is available phone, email, online chat options – WhatsApp, live chat, Viber, Telegram or Messenger.
FBS is a Forex and CFD broker offering to trade on Forex, Indices, Stocks, Metals and Energies on the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms for PC, Mac, Web, Android and iOS with a maximum 1:3000 leverage. FBS is regulated by CySEC and IFSC .
FBS offers traders a choice of four accounts and all accounts offer market execution and the chance to trade in micro lots in Cent accounts for more precise risk management.
Account type Minimum deposit Minimum trade size Maximum leverage Spreads Cent US Dollar 1 0.01 lot 1:1000 from 1 pip Standard US Dollar 100 0.01 lot 1:3000 from 0.5 pips Zero Spread US Dollar 500 0.01 lot 1:3000 0 pips + US Dollar 20/lot Micro US Dollar 5 0.01 lot 1:3000 fixed, from 3 pips ECN US Dollar 1000 0.1 lot 1:500 from -1 pip + US Dollar 6/lot.
FBS offers customer support 24 hours a day, 7 days a week via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.
XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe. XTB is regulated by the UK Financial Conduct Authority (FRN 522157) and has been listed on the Warsaw Stock Exchange since 2022.
XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from:
Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.
Trading Features: Accounts offered: Funding methods: Allows scalping Demo account Credit cards Allows hedging Micro account Bank Transfer Offers STP Mini account PayPal Low min deposit Standard account Skrill Guaranteed stop loss Islamic account Payoneer Offers Negative Balance Protection Netelle.
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.
OctaFX.
OctaFX is an online broker which was founded in 2011, offering Forex trading. As OctaFX is regulated by the Financial Conduct Authority (FCA) , each new client must pass a few basic compliance checks when signing up for an account.
OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.
OctaFX Trading benefits:
Allows scalping Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection.
OctaFX Trading Accounts Offered:
Demo account Micro account Mini account Standard account Zero spread account STP account Islamic account.
OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading. Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.
IC Markets.
IC Markets is a regulated Forex ECN and CFD broker which offers more than 236+ financial instruments across Forex, Commodities, Indices, Bonds, Cryptocurrency, Stocks and Futures on the MetaTrader 4, MetaTrader 5 and cTrader platforms for desktop, web and mobile. IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) , the Cyprus Securities and Exchange Commission (CySEC) , as well as the Seychelles Financial Services Authority (FSA) .
IC Markets offers traders three main types of live trading accounts to choose from, including Raw Spread (cTrader), Raw Spread (MetaTrader) and the Standard Account (MetaTrader). Islamic swap-free accounts and the use of a free demo trading account is also on offer.
Customer support is available 24/7 via Live Chat, Phone and Email.
Trading 212.
Trading 212 are an online broker which was founded in 2006 and offers Stocks trading, Forex trading, Commodities trading, and Indices trading. Trading 212 are a global broker and has a head office situated in UK.
Regulated by: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Used by over 14,000,000 traders. Trading 212 are the UK’s number one trading and investment app with over 14,000,000 downloads, thus a large userbase but is not available in the following countries: US.
Trading 212 Trading benefits:
Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection.
Trading 212 Trading Accounts Offered:
Invest account ISA account CFD account Demo account.
Trading 212 offers an outstanding, highly responsive customer service team available 24 hours a day across a variety of platforms and in 16 different languages.
Pepperstone.
Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC) , as well as the UK’s Financial Conduct Authority (FCA) .
Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free, and –
Boasts three top forex trading platforms :
MetaTrader 4 : Most Popular for Forex Trading MetaTrader 5 : Most Popular CFDs Trading Platform cTrader : Best Automated Trading Platform.
All three FX trading platforms come with a free demo account which will allow Nigerian traders to test out the forex broker and platform for 30 days.
Platform enhancements available for Pepperstone include:
A range of options for depositing funds are available, including: Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.
Pepperstone offers 24/5 multiple language support via email, phone and live chat.
EasyMarkets.
EasyMarkets is one of the most popular choices for Beginners and is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:
Enhanced risk management tools as standard Fixed spreads on all forex pairings An easy to use forex trading platform.
EasyMarkets offers traders three key risk management tools which are ideal to those new to currency trading:
Standard, Premium, VIP and SuperVIP accounts are available, their minimum opening deposits are US Dollar 100, US Dollar 1 000, US Dollar 2 500, US Dollar 50 000 respectively. A demo account is also on offer. The available trading platforms offered are MT4 and the easyMarkets web platform.
Customer Support is available 24/5 via various chat channels, email, phone and web forms.
Swissquote.
Swissquote Bank offers traders the ability to trade in Forex, CFDs and Options on a variety of asset classes which includes Currency pairs, FX Options, Metals, Indices, Commodities and Bonds . Traders can choose to trade on a variety of trading platforms including the bank’s own Advanced Trader platform and MetaTrader 4 and 5. Swissquote Bank Ltd holds a banking licence issued by the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association .
Swissquote Bank offers traders four different trading accounts to choose from including Standard, Premium, Prime and Professional , as well as access to a free demo trading account . Users can deposit funds via bank wire transfer or via Visa or Mastercard. Customer support is offered in ten different languages via Live Chat, Telephone, Email and an Online Contact Form.
Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker , authorised and regulated by the UK Financial Conduct Authority under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4 , NinaTrader and ZuluTrade .
FXCM offers traders 4 main types of trading accounts to choose from, including Spread Betting, CFD Trading, Active Trader and Professional Clients. A Free Demo account is also made available.
Customer Support is available via Live Chat, Phone, Email and SMS.
eToro.
eToro is a leading social trading platform for trading major financial markets including stocks, forex and cryptocurrencies . eToro is regulated by FCA, CySEC and ASIC .
eToro only offers once account type with over 1,083 different instruments to trade , including over 47 currency pairs . The minimum deposit for said account differs by country. eToro offers traders a proprietary trading platform which allows both individua l and social trading .
eToro supports a wide range of languages including English, German, Spanish, French, and Italian via phone and support ticket.
AvaTrade.
AvaTrade is an online broker founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.
Regulated by: Central Bank of Ireland, Australian Securities and Investment Commission ( ASIC ), Financial Services Authority ( FSA ), Financial Stability Board ( FSB ), British Virgin Islands Financial Services Commission ( BVI ) Headquarters: The British Virgin Islands Foundation year: 2006 Used: by over 200,000 traders.
Across all markets, MetaTrader 4 gives traders access to over 250 assets , 30 advanced charting tools , trading history, and other useful information. Customer support is available by email, phone, or live chat.
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FXPro.
FXPro is an online broker which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies trading . FXPro is a global broker with a head office located in the UK . FxPro is regulated by CySEC and operates under the CIF license number 078/07 . As a CySEC regulated broker , FxPro is also a member of the Investor Compensation Fund scheme .
FXPro provide traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of US Dollar 100.
What can be traded with FXPro?
Over 250 instruments Over 70 currency pairs.
FXPro is one of the few brokers in the market who offers both of the MetaTrader platforms ; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.
FXPro Trading benefits include:
Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection.
With FXPro , the minimum and maximum trade requirements vary depending on the trader and the instrument chosen.
FxPro offers customer support 24 hours a day, 5 days a week via Live Chat, Telephone and Email in a variety of different languages including English, Spanish, French, Polish, Malay, Arabic, Chinese, Greek, Hungarian, Japanese, Korean, Russian, Thai, Vietnamese, Indonesian and others.