5 Best Forex Brokers in Chile
We’ve listed the 5 Best Forex Brokers in Chile that offer safe, reliable, and well-regulated access to global currency markets. Forex trading in Chile is legal, and the country’s financial environment is overseen by the Financial Market Commission (CMF), which promotes transparency and strong investor protection. CMF oversight supports a stable, trustworthy market framework for Chilean traders.
Traders in Chile can access major and minor forex pairs, commodities, indices, stocks, and cryptocurrencies through brokers known for tight spreads, fast execution, and secure trading platforms.
5 Best Forex Brokers in Chile (2025)
- IC Markets – Overall, the Best Forex Broker in Chile.
- Vantage Markets – Fast execution and strong global oversight.
- FxPro – Supports MT4, MT5, cTrader, and proprietary platforms.
- AvaTrade – Excellent mobile trading with AvaTradeGO.
- Pepperstone – Institutional-grade spreads and fast execution speeds.
10 Best Forex Brokers – Globally
Pros and Cons of CMF-Regulated Forex Brokers in Chile – Immediate Advantages and Disadvantages
| ✓ Pros | ✕ Cons |
| Robust trader protection under CMF financial rules. | Fewer brokers operate fully under CMF oversight. |
| High transparency and strict reporting standards. | Lower leverage than many offshore brokers. |
| Client fund safeguards enhance account security. | Bonuses and promotions are limited or restricted. |
| Regular audits improve broker accountability. | Tighter rules reduce flexibility for speculative trading. |
| Clear complaint and dispute-resolution processes. | Some trading instruments may be restricted locally. |
The Comisión para el Mercado Financiero (CMF) maintains strict financial and operational standards for licensed forex brokers. This ensures Chilean traders benefit from a safer, more transparent, and well-regulated trading environment that supports long-term market stability.
1. IC Markets
IC Markets operates under strong international regulation, including 🇦🇺 ASIC, 🇨🇾 CySEC, and 🇸🇪 SCB licenses. While Chile has no local forex regulator, IC Markets accepts Chilean traders, providing access to competitive spreads, multiple account types, and advanced trading platforms for safe and efficient market participation.
| Feature | Description |
| Local Access | Chilean traders can open accounts |
| Regulation | 🇦🇺 ASIC 🇨🇾 CySEC 🇸🇪 SCB |
| Platforms | MT4 MT5 cTrader |
| Minimum Deposit | 200 USD |
| Instruments | Forex CFDs Commodities Indices |
 | Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Frequently Asked Questions
Can Chilean traders register with IC Markets?
Yes, IC Markets accepts traders from Chile. The broker provides fully regulated accounts through 🇦🇺 ASIC, 🇨🇾 CySEC, and 🇸🇪 SCB, ensuring global compliance and secure trading for residents.
What makes IC Markets suitable for Chilean traders?
IC Markets offers tight spreads, multiple trading platforms, and advanced tools. Chilean traders benefit from international regulation and fast execution, enabling professional and retail traders to access global forex and CFD markets efficiently.
| Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Accepts Chilean traders | No local Chilean license |
| Tight spreads and low fees | Minimum deposit 200 USD |
| Advanced MT4 and MT5 platforms | Limited local customer support |
| Multiple account types | No fixed spreads on all accounts |
| Fast trade execution | Trading CFDs carries high risk |
Our Insights
IC Markets serves Chilean traders effectively by offering competitive spreads, multiple platforms, and strong international regulation. While it lacks a local Chilean license, its global oversight and professional-grade tools make it a reliable choice for serious traders in Chile.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
2. Vantage Markets
Vantage Markets maintains multiple strong regulatory licenses, including 🇦🇺 ASIC, 🇬🇧 FCA, 🇸🇦 FSCA, and VFSC. While Chile has no local forex regulator, Vantage accepts traders from Chile and provides a well‑regulated, global trading environment with segregated funds and transparent operations.
| Feature | Description |
| Local Access | Accepts clients from Chile |
| Regulation | 🇦🇺 ASIC 🇬🇧 FCA 🇸🇦 FSCA VFSC |
| Fund Protection | Segregated accounts, insured coverage |
| Instruments | 1,000+ CFDs |
| Platforms | MetaTrader 4 MetaTrader 5 |
 | Minimum Deposit: $50 Regulated by: CIMA, VFSC, FSCA, ASIC Crypto: Yes |
Frequently Asked Questions
Can someone in Chile open an account with Vantage Markets?
Yes, Vantage accepts traders from Chile. The broker operates various international entities that provide access to its services for Chilean residents.
Under which regulation does Vantage operate for Latin American or Chilean clients?
Vantage operates under its South African entity, Vantage Markets (Pty) Ltd, which is regulated by the 🇿🇦 FSCA (Financial Sector Conduct Authority).
| Minimum Deposit: $50 Regulated by: CIMA, VFSC, FSCA, ASIC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong global regulation | Not regulated in Chile itself |
| Wide range of assets | Some entities less regulated than others |
| Ultra‑low spreads | Account‑specific conditions (e.g. commission) |
| Segregated client funds | Negative balance risk for certain accounts |
| Insurance on client funds | Complexity of choosing the right regional entity |
Our Insights
Vantage Markets offers a robust, globally regulated platform that welcomes Chilean traders. Although it lacks a local Chilean licence, its multi‑jurisdiction oversight, strong client fund safeguards, and broad product range make it an attractive and reliable choice for Chile-based forex and CFD trading.
| # | Criteria | Score |
| 1. | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2. | Range of Investments, Platforms and Tools | ⭐⭐⭐☆☆ |
| 3. | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4. | Research and Education | ⭐⭐☆☆☆ |
| 5. | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6. | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7. | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8. | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9. | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10. | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
3. FxPro
FxPro operates under solid, multi‑jurisdiction regulation, including 🇬🇧 FCA, 🇨🇾 CySEC, 🇿🇦 FSCA, and 🇧🇸 SCB. Although Chile lacks its own forex regulator, FxPro still accepts traders from Chile and offers them access to a secure, well‑regulated global trading platform with deep liquidity and transparent execution.
| Feature | Description |
| Local Access | Open to clients from Chile |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇿🇦 FSCA 🇧🇸 SCB |
| Fund Protection | Segregated accounts, negative balance protection |
| Instruments | 2,100+ CFDs |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader |
 | Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes |
Frequently Asked Questions
Does FxPro accept traders from Chile?
Yes. FxPro accepts retail clients from Chile via its international entities, allowing Chilean traders to operate under its globally regulated framework.
Under which regulation does FxPro operate for Chilean clients?
FxPro covers Chilean traders under its entities regulated by 🇬🇧 FCA, 🇨🇾 CySEC, 🇿🇦 FSCA, and 🇧🇸 SCB, depending on the entity the trader signs up under.
| Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong global regulation | No Chile‑specific regulatory body |
| Very deep liquidity | Possible higher costs on some accounts |
| Negative balance protection | Not all account types have the same benefits |
| Multiple platforms (MT4, MT5, cTrader) | Contract‑for‑difference risk (CFDs) |
| Wide instrument range | Commission may apply on some trades |
Our Insights
FxPro offers Chilean traders a dependable, globally regulated forex and CFD broker with advanced platforms, strong fund protection, and negative balance safeguards. Although it does not hold a local Chilean licence, its international regulatory coverage makes it a credible and secure option for serious traders in Chile.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Top 3 Forex Brokers in Chile – A Forex Face-Off
| Broker |  |  |  |
| Minimum Deposit | 200 USD | 50 USD | 100 USD |
| Spreads From | From 0.0 pips | From 0.0 pips | From 0.0 pips |
| Commissions | Variable | From 3 USD per round turn | Variable |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Regulation | FSA (Seychelles) | CIMA VFSC FSCA ASIC | FCA CySEC SCB FSCA DFSA |
| Open an Account |  | | |
4. AvaTrade
AvaTrade holds strong global regulation, including from 🇮🇪 the Central Bank of Ireland, 🇦🇺 ASIC, 🇿🇦 FSCA, and other authorities. It accepts clients from Chile, giving traders access to a regulated global broker, multiple platforms, and a broad range of instruments.
| Feature | Description |
| Local Access | Accepts Chilean residents |
| Regulation | 🇮🇪 Central Bank of Ireland 🇦🇺 ASIC 🇿🇦 FSCA, plus others |
| Instruments | 1,000+ CFDs |
| Platforms | MetaTrader 4 MetaTrader 5 AvaTradeGO AvaOptions |
| Minimum Deposit | 100 USD |
 | Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Frequently Asked Questions
Can traders from Chile use AvaTrade?
Yes. AvaTrade accepts clients from Chile under its international entities, allowing local traders to benefit from its regulated worldwide operations.
What regulatory bodies oversee AvaTrade?
AvaTrade operates under several reputable regulators: 🇮🇪 the Central Bank of Ireland, 🇦🇺 ASIC, 🇿🇦 FSCA, as well as others depending on the jurisdiction.
| Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Very strong multi‑jurisdiction regulation | No Chile‑local regulatory license |
| Wide platform choice | Spreads may be wider than ECN brokers |
| Innovative tools (AvaProtect, social trading) | Inactivity fees may apply |
| Segregated client funds | Leverage depends on entity / region |
| Good educational resources | Risk from trading CFDs |
Our Insights
AvaTrade provides Chilean traders with a well-regulated, global forex and CFD broker. Its multi‑jurisdiction licenses, variety of platforms, and advanced risk tools give traders confidence and flexibility. While it lacks a Chile‑specific regulatory body, its international stability and offerings make it a strong choice for local traders.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5. Pepperstone
Pepperstone holds robust regulation with licences from 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, 🇩🇪 BaFin, 🇦🇪 DFSA, 🇰🇪 CMA, and 🇧🇸 SCB. It accepts traders from Chile under its global or SCB‑regulated entity, giving local clients access to low spreads, fast execution, and a strong regulatory framework.
| Feature | Description |
| Local Access | Chilean residents may open accounts |
| Regulation | 🇦🇺 ASIC 🇬🇧 FCA 🇨🇾 CySEC BaFin DFSA CMA SCB |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader |
| Leverage | Up to 200:1 for retail (SCB‑entity) |
| Instruments | 1,200+ Forex, CFDs, Indices, Cryptos |
 | Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Frequently Asked Questions
Can someone from Chile open a Pepperstone account?
Yes, Pepperstone welcomes traders from Chile. The broker allows Chilean residents to open accounts under its SCB‑regulated or other international entities.
Which regulators oversee Pepperstone for Chilean clients?
Pepperstone operates under several trusted regulators: 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, 🇩🇪 BaFin, 🇦🇪 DFSA, 🇰🇪 CMA, and 🇧🇸 SCB, depending on the account‑holding entity.
| Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Tier‑1 regulation | No Chile‑specific regulator |
| Very tight spreads | Recommended deposit ~ 200 USD |
| Fast execution | Investor protection not available in all entities |
| Multiple platforms | CFD trading risk is high |
| Negative balance protection | Leverage limited depending on entity |
Our Insights
Pepperstone provides Chilean traders with access to a well‑regulated global broker that offers fast execution, deep liquidity, and multiple platforms. Although it lacks a Chile‑specific licence, its multi‑jurisdictional oversight and risk protections make it a highly credible and strong choice for Chile-based forex traders.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
5 Best Forex Brokers in Chile – A Comparison
| Popular among scalpers and algorithmic traders in Chile. | |  |
| High-quality educational tools for Chilean beginners. | | |
| Strong reputation among Chilean traders seeking variety. | | |
 | Wide CFD range including forex, stocks, crypto, and commodities. | | |
 | Preferred by Chilean traders for its reliability and low-cost trading. | | |
Forex Trading in Chile – Quick Overview
Forex trading in Chile is steadily growing as more retail and institutional traders explore global currency markets. While Chile does not have a dedicated forex regulator, brokers often operate under international licenses such as FCA (UK), CySEC (EU), or ASIC (Australia).
Traders can access major currency pairs, commodities, indices, and CFDs through online brokers with varying leverage, account types, and trading platforms. Local banks and payment methods support deposits and withdrawals, though taxation and reporting rules apply to trading profits.
Pros and Cons of Forex Trading in Chile
| ✓ Pros | ✕ Cons |
| Access to global forex markets | No dedicated local regulator |
| Variety of international brokers | Limited local support options |
| Low account minimums available | Leverage can vary by broker |
| Trading platforms with advanced tools | Some brokers may charge high fees |
| 24/5 trading availability | Profit taxation rules can be unclear |
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In Conclusion
Forex trading in Chile is accessible and growing, offering traders a wide range of instruments and platforms. International brokers fill the regulatory gap, providing safety and transparency. While local oversight is limited, educated traders can still engage in forex trading effectively, especially if they follow global best practices and manage risk carefully.
Faq
Yes, trading is legal, but Chile does not have a dedicated forex regulator. Traders use internationally regulated brokers to ensure safety.
Leverage depends on the broker and type of account, commonly ranging from 1:50 up to 1:500 for retail traders.
Most brokers are international. Some may offer Chile-specific accounts, but local presence is limited.
Traders can use international bank transfers, credit/debit cards, e-wallets, and sometimes local payment methods.
Yes, forex profits are subject to taxation, but rules vary depending on residency and trading structure.
