AvaTrade in Latin America: reliable FX trading in the region
AvaTrade is one of the largest online brokers offering Forex and CFD trading services to people all over the world paying special attention to the Latin American region. The company has over 1250 underlying assets including currency pairs, Cryptocurrencies, commodities, stocks, exchange-traded instruments (ETFs), bonds, and market indices.
One of the most attractive features of AvaTrade is a wide range of platforms available to all traders, including the familiar MetaTrader 4/5, a self-developed Web platform, options trading AvaOptions, AvaSocial – CopyTrading platform, AvaTradeGo mobile version and automated trading platforms, including Capitalise.ai and DupliTrade.
AvaTrade is a multinational company with regional offices and sales centers in Paris, Milan, Tokyo, and Sydney, as well as offices in Chile, Mexico, and more. The company is headquartered in Dublin, Ireland. And its licenses were issued by international and regional financial authorities such as ASIC, FSA, Abu Dhabi, and the British Virgin Islands regulator.
AvaTrade’s financial and technological achievements have won over 100 awards worldwide. For example, the latest for 2022 include Best Mobile Trading Platform UAE 2022, Most innovative CFD Broker UAE by Global Business Review Magazine, Most Trusted Trading Platform Europe 2022 by International Business Magazine, and many more.
AvaTrade also has multilingual tech support available 24/7, tight spreads, and no hidden fees. Definitely, it wins the trust of many traders, because it is high-tech and efficient, and few of the competitors offer such quality of service. In the article, we will talk about the opportunities and services AvaTrade provides in Latin America.
Forex trading in Latin America
Latin America is the collective name for the South American countries and territories. The main economic centers of Latin America are Brazil, Argentina, Colombia, Mexico, and Chile. They account for 2/3 of LATAM’s industrial production and the same amount of regional GDP.
The economy of Latin America consists of two main economic sectors: agriculture and mining. With strong growth potential and a wealth of natural resources, the region is attracting foreign investment from the US and Europe. However, the global trend of moving from manual labor and traditional markets to a digital economy is pushing people to change their occupations. They discover opportunities for remote work in international companies and sources of additional income in the financial markets and online trading. More and more people are considering Forex as a promising occupation.
In turn, international online brokers are rapidly expanding their presence in these countries, which is AvaTrade, which offers special instruments and conditions for clients from this region, which we will discuss in this article.
Popular AvaTrade trading instruments in Latin America
For trading in Latin America, market participants have access to various currency pairs, CFDs on popular stocks, commodities, indices, bonds, and much more. In addition, the broker has many Cryptocurrencies such as Bitcoin, Ethereum, etc. For the region, AvaTrade also has its own special offers for sophisticated traders.
Trading currency pairs with AvaTrade in Latin America
Latin America is not only about carnivals, hot weather, and beaches, but it is also a whole world of currencies of numerous countries located on this continent, which make up various trading pairs in the Forex market. AvaTrade offers special combinations as USD/MXN and USD/CLP among hundreds of major pairs with Euro and Dollar, as well as minor ones.
Regarding USD/MXN, which is the exchange rate for the US dollar against the Mexican peso, it tracks how much the US dollar is worth against MXN. While USD/MXN is considered an exotic pair, it is one of the most significant since the US and Mexico have historically close trading ties. Other widely traded exotic pairs also include MXN and include EUR/MXN (Euro/Mexican Peso) and GBP/MXN (British Pound/Mexican Peso).
As for USD/CLP, which is also offered by AvaTrade, this currency pair is considered exotic. However, many traders use the Chilean peso in order to win back the trend in the copper market, namely, if copper starts to rise, then we should expect the Chilean peso to strengthen and vice versa.
In addition to Latin American pairs, the entire range of major and minor ones is available to traders from the region. So, the majors are the most traded currencies, and therefore the most liquid. Examples of such currencies are EUR/USD, USD/JPY, GBP/USD, and AUD/USD. Minors, on the other hand, can experience stronger fluctuations in both directions the volatility of which can be used to your advantage with the right approach. These are pairs such as EUR/JPY, EUR/GBP, GBP/CHF, or AUD/NZD. In general, the company offers over 50 currency pairs to choose from.
Commodity trading in Latin America with AvaTrade
Regarding CFD, it is an agreement between two parties, the seller and the buyer, to transfer the difference between the current value of an asset (for example any commodity) at the time of the conclusion of the contract (opening a position) and its value at the time the contract expires (closing a position). CFD allows not only hedging risks, and using leverage, but also making transactions with commodities without receiving or sending them physically. Commodity CFDs have gained immense popularity in Latin America in recent years and AvaTrade offers CFD trading with very attractive margin conditions.
Trading securities in Latin America with AvaTrade
As is the case with all asset classes on AvaTrade, the broker allows you to use CFDs, which means you can get potential returns if you think the company’s value will drop. Among the securities on the AvaTrade website, you can find stocks, bonds, indices, ETFs, and many other offers. Securities are represented by world-famous companies like Amazon, Tesla, and Apple, as well as by regional manufacturers, including Latin America.
Crypto trading in Latin America with AvaTrade
In Latin America, the use of Cryptocurrencies has increased significantly over the past years. Cryptocurrency transactions for individuals are not limited, and local laws do not prohibit this digital asset. At the same time, there are hundreds of merchants and ATMs for Bitcoin services throughout the region, and many retailers support the use of Bitcoin, and you can also trade Cryptocurrency with AvaTrade, as the broker is known for its variety of coins for making transactions such as Bitcoin, Ethereum, Ripple, Dash, Litecoin, Bitcoin Gold, and EOS on the MetaTrader platforms 24/7.
AvaTrade trading platforms in Latin America
The broker offers several types of platforms for trading on a personal computer, through a browser, and through a mobile application:
- MetaTrader 4 and 5 are flexible, functional, and very popular platforms that are suitable for both experienced traders and beginners.
- AvaTrader is a broker’s own development for trading on the Forex market and CFDs, the platform has built-in analytical tools, such as news feeds and market forecasts.
- Auto trading platforms both Capitalise.ai and DupliTrade for the best Copy trading experience.
- In addition to Capitalise.ai and DupliTrade, AvaTrade has developed the AvaSocial app that provides a social environment where traders can see how others are making deals, and if they like the strategy and actions of a certain trader, they can follow or copy them.
- Terminals for mobile devices (iPhone, iPad, Android).
Deposits and withdrawals with AvaTrade in Latin America
Depositing and withdrawing money from AvaTrade in Latin America is carried out in several ways, such as bank transfers, cards, as well as various e-payment systems, namely:
- Perfect Money for countries such as Argentina, Brazil, Chile, Colombia, Dominican Republic, Ecuador, Mexico, and Peru;
- OnlineBankLatam for Brazil, Mexico, Chile, Peru, and Colombia;
- PayRetailers service in Brazil, Mexico, Chile, Peru, and Colombia.
Languages and technical support of AvaTrade in Latin America
Through the years of AvaTrade’s presence in the market, the company has earned a reputation as a leader in online trading by providing a reliable, user-centric work environment built on the most advanced platforms and regulated across 6 continents. To date, AvaTrade has over 400000 registered clients worldwide with over 3 million trades per month. As an AvaTrade client, you can be sure that you will get the choice, support, and the highest level of security you need.
The company’s website is translated into more than 20 languages including Latin American languages such as Spanish, Portuguese, English, and French.
AvaTrade support is available by phone, email, and chat, and traders will always have someone to talk to in their native language. Besides, AvaTrade customers can also connect with AvaTrade on Facebook.
In addition, for urgent questions or clarification of any information, traders can always contact the local numbers in South America.
AvaTrade offices in Latin America
Since 2006, AvaTrade has expanded significantly. The headquarters of the broker is located in Dublin, the capital of Ireland. To date, the broker’s regional centers exist in Paris, Dublin, Milan, Tokyo, and Sydney. In addition, the firm has opened offices in Latin American cities such as Chile and Mexico, allowing customers in this region to directly address emerging issues.
Social trading with AvaTrade in LATAM
Due to modern technological capabilities, Forex traders in Latin America have the opportunity to use Social Trading (or its specification Auto or Copy Trading) not only to make deals passively but also to exchange information with each other, by this, we mean that you can discuss potential trading ideas with other users on the same brokerage platform.
The main essence of Social trading is a service where you can repeat transactions, in fact, it is an opportunity for anyone, even a person without trading experience, to make transactions with exactly the same results as an experienced professional. It is enough to connect to the trading strategy of the selected network member, and the trades of the author of the strategy will be automatically repeated on your account. Following a professional can bring tangible returns without having to spend a lot of time.
AvaTrade has developed the AvaSocial app, which provides a social environment where traders can see how others are making trades, and if they like a certain trader’s strategy and actions, they can follow or copy them.
In addition to AvaSocial, the company provides access to both Capitalise.ai and DupliTrade for the best Copy trading experience. Once you activate your account, you will be able to view a list of signal providers along with their statistics. It may include an income statement and a risk profile so you can select the person/people that best suit your copy trading goals. Copy trading is not limited to any one type of financial instrument. Traders can benefit from various instruments such as currencies, stocks, commodities, etc.
Summing up: AvaTrade in Latin America
AvaTrade is one of the best online brokers in South America and LATAM with local offices, multilingual technical support, demo accounts, a wide range of instruments and local currencies, as well as convenient platforms for trading in the Forex and CFD markets.
Broker has several regulatory bodies including ASIC, FSA, Abu Dhabi, and British Virgin Islands regulators. Clients have access to over 1250 assets to choose from. In addition to using trading instruments such as Forex and securities, AvaTrade offers Cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Dash, Litecoin, Bitcoin Gold, and EOS. While most brokers prefer to avoid Cryptocurrencies and others usually offer Bitcoin and Ethereum, AvaTrade goes out of its way to bring you the full range of these digital assets.
AvaTrade is a broker that provides optimal working conditions for traders with any level of experience. It has a useful tool like AvaSocial that allows you to copy the results of the successful traders you choose and win with them as they trade. Tap the button to evaluate and try all trading opportunities with AvaTrade in Latin America.
AvaTrade in Latin America - FAQ