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6 Best Forex Brokers in Costa Rica

Forex Brokers Costa Rica

 

The 6 Best Forex Brokers in Costa Rica – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Costa Rica.

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Costa Rica – a List
  • Is Forex Trading Legal in Costa Rica?
  • Low CRC Minimum Deposit Forex Brokers
  • The Best Forex Brokers for Beginners and Foreigners
  • How to buy Stocks in Costa Rica?

 

and much, MUCH more!

 

6 Best Forex Brokers in Costa Rica

 

6 Best Forex Brokers in Costa Rica – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Traders in Costa Rica💷 Min. Deposit (CRC)
🥇 IG👉 Click Here✅Yes26424,54
🥈 Interactive Brokers👉 Click Here✅YesNone
🥉 XTB👉 Click Here✅YesNone
🏅 eToro👉 Click Here✅Yes5284,91
🎖️ AvaTrade👉 Click Here✅Yes52849,07
🥇 Admirals👉 Click Here✅Yes13212,27

 

6 Best Forex Brokers in Costa Rica (2024)

 

  1. ☑️ IG – Overall, the Best Forex Broker in Costa Rica
  2. ☑️ Interactive Brokers – Extensive Proprietary Offering
  3. ☑️ XTB – Best Mobile Trading Experience
  4. ☑️ eToro – Low CRC Minimum Deposit
  5. ☑️ AvaTrade – High User Trust Score
  6. ☑️ Admirals – Best Online Trading Experience

 

IG Review

 

IG

IG is a well-established and highly-regulated Forex, CFD, and, Finacial Services Provider. Regulations include FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, BMA. Accounts available include:

 

  • CFD/DMA Trading Account
  • Limited Risk Trading Account
  • Options Trading Account
  • Turbo24 Trading Account
  • Share Dealing Account
  • Spread Betting Account
  • Swap-Free Trading Account

 

Moreover, a Demo Account is available. The minimum deposit is 50 USD. Trading Instruments include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, Interest Rates. IG supports MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, and, FIX API.

 

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

The Benefits of Trading with IG include access to the IG Academy and trusted Customer Support.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is amongst the highest regulated and trusted Forex and CFD Brokers. Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Accounts offered are IBKR Lite and IBKR Pro. No minimum deposit is required. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Spreads from 0.6 Pips
  • Leverage of up to 1:30
  • Access to over 100 Currency Pairs
  • Multiple Base Currencies, including AUD, CAD, and, USD
  • 24/5 Customer Support

 

Trading Instruments include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. Interactive Brokers support IBKR Trader WorkStation, IBKR Desktop, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, IBKR Impact. In addition, a Proprietary Mobile App is available.

 

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

Te benefits of trading with Interactive Markets include access to scalping and hedging.

 

XTB Review

 

XTB

XTB is a Forex and CFD Provider with access to narrow spreads on main currencies. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts available are Standard, and, Islamic, Swap-Free. Moreover, a Demo Account is available. No minimum deposit is required. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Occasional Bonus Offers and Promotions
  • USD, EUR, and, GBP Base Currencies
  • Spreads from 0.5 Pips
  • Leverage of up to 1:500
  • An Inactivity Fee is Charged
  • Access to an Affiliate Option

 

Trading Instruments include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. XTB supports xStation 5 and xStation Mobile.

 

🔍 Broker🥇 XTB
💵 Minimum Deposit0 USD
5️⃣ Ease of use Rating5/5
🎁 Bonuses✅ Yes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

XTB

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

The benefits of trading with XTB include access to in-depth market research, news updates, and various technical indicators.

 

eToro Review

 

eToro

eToro is a powerful and popular Forex, CFD, and, Financial Services provider. Regulations include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, the SIPC. A Standard and Demo Account is available. The minimum deposit is 10 USD. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Single Base Currencies Accepted (USD)
  • Spreads from 1 Pip
  • Leverage of up to 1:400
  • Access to over 55 Currency Pairs
  • An Inactivity Fee is charged
  • Multilingual Website Option

 

Trading Instruments include Forex, stocks, crypto CFDs, indices, commodities, and, ETFs. A proprietary Online Platform and Mobile App is available.

 

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip, zero commission fees
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insight

The benefits of trading with eToro include access to Social Trading and Trusted Customer Support.

 

AvaTrade Review New

 

AvaTrade

AvaTrade is amongst the highest regulated Forex and CFD Brokers. Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. Accounts available are Retail, Islamic, and Pro. Moreover, a Demo Account is available. The minimum deposit is 100 USD. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Access to Social Trading via AvaSocial, DupliTrade, and, ZuluTrade
  • Spreads from 0.6 Pips
  • Leverage of up to 1:400 on the Pro Account
  • Access to over 50 Currency Pairs
  • Multilingual Customer Support
  • Scalping and Hedging are Provided

 

Trading Instruments include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs. AvaTrade supports AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade.

 

🔎 Broker🥇 AvaTrade
💴 Minimum Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage is capped at 1:30 for retail accounts

 

Our Insights

The benefits of trading with AvaTrade include access to over 1000 Instruments for trade.

 

Admirals Review

 

Admirals

Admiral Markets, or, Admirals, is a trusted Forex Brokerage. Regulations include FCA, ASIC, CySEC, JSC, FSCA, FSA, and, the CMA. Accounts available include Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, and, Bets.MT5. The minimum deposit is 25 USD. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Occasional Bonus Offers and Promotions
  • 24/5 Customer Support
  • Spreads from 0.0 Pips
  • Scalping and Hedging are Offered
  • An Inactivity Fee is Charged

 

Trading Instruments include ESG, Forex, Crypto CFDS, Indices, Stocks, ETFs, and, Bonds. Admirals support MetaTrader 4 and MetaTrader 5. In addition, a Mobile App is available.

 

🔎Broker🥇Admirals
💴Minimum Deposit25 USD
🎉Established Year2001
⏰Support Hours24/5
💻Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals App
📈Account TypesTrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5
🚀 Open an Account
👉 Click Here

 

Admirals

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalNo 24/7 customer service

 

Our Insights

The benefits of trading with Admirals include Free Deposits and Withdrawals.

 

Forex Trading in Costa Rica

 

Is Forex Trading Legal in Costa Rica?

Forex Trading in Costa Rica is legal and available without restriction. Moreover, it is regulated by the General Superintendence of Financial Entities (SUGEF).

 

Is Forex Trading Legal in Costa Rica?

 

In Conclusion

The popularity of Forex Trading in Costa Rica has seen a notable rise. Moreover, it is legal and available without restriction. The General Superintendence of Financial Entities (SUGEF) licenses and regulates the Costa Rican financial sector.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insights

While reviewing the Best Forex Brokers that accept Costa Rican Traders, we found 6 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

Forex Trading in Costa Rica is legal and available without restriction.

The General Superintendence of Financial Entities (SUGEF).

The Costa Rican Colón.

Bank Wire Transfers, Credit Cards, Debit Cards, and PayPal are accepted.

No inactivity Fee is charged.

The United States Dollar, the Great British Pound, and, the Euro.

A proprietary web-based trading platform and mobile app is provided.

The AvaTrade minimum deposit is 100 USD.

Admirals support MetaTrader 4 and MetaTrader 5.