Argentina Forex Trading Brokers

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: September 15, 2025

‹
• Jump to:
• Main features of the best Argentina Forex brokers
• Forex Legislation
• Financial Regulators
• Payment Methods
• Trading Software
• Mobile Trading
• FAQ
›

Our team of expert traders has tested many regulated and trustworthy forex brokers that accept traders from Argentina and compiled a top list of the best among them. Each broker operating in Argentina received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.

1. 

   Plus500 US

   Rating: 4

   This content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.

2. 

   eToro

   Rating: 4.2

   61% of retail investor accounts lose money

3. 

   Fusion Markets

   Rating: 4.8

   74-89% of retail's CFD accounts lose money

4. 

   FP Markets

   Rating: 4.9

   73.85% of retail investor accounts lose money

5. 

   Global Prime

   Rating: 4.7

   74-89% of retail CFD accounts lose money

6. 

   Pepperstone

   Rating: 4.4

   75.5% of retail investor accounts lose money

Below, you can find a comprehensive comparison table of forex brokers for traders in Argentina. We rank them based on several factors, including regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, and deposit and withdrawal methods.

Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.

Main features of the best Argentina forex brokers

Argentina is one of the largest economies in South America, but with inflation of over 50% and multiple recessions in the past decade, it is also among the most unstable economies in the world. Still, investors who want to access the global markets can do so through one of the many offshore forex brokers available in the country.

Before looking at the brokers in Argentina, however, we should take the local restrictions on forex trading into account. Until just a few years ago, foreign exchange trading was illegal in the country. Following multiple legislative changes, the government allowed FX trading, giving foreign traders access to the local markets and letting Argentinian investors trade on the largest exchanges in the world.

The opening of the market, however, did not occur without certain restrictions. Traders should also be aware of the current economic situation in Argentina – economic stagnation, high inflation and a largely pessimistic outlook for the near future. In fact, since the 1950s, the country has spent a third of the time in recession, so the ongoing difficulties are not new. The Argentinian peso continues to fall – in the past four years, it has plummeted 83.88% against the USD.

Forex legislation in Argentina

For many years, the foreign exchange market was practically illegal in Argentina, with various restrictions placed on the inflows and outflows of foreign currency. The tight currency controls that were introduced in 2011 were lifted by the federal government that took office in 2015. In fact, this was one of the first economic policies of President Mauricio Macri – the changes his administration undertook allowed Argentines to buy and sell foreign currencies freely.

In 2016, the Argentine Central Bank lifted the restrictions on the execution of cross-border derivative transactions. This opened the forex market in the country to foreign dealers. According to the regulations introduced at that time, all individuals and companies were given the right to execute forex transactions freely as long as they used the services of financial or foreign exchange entities authorised by the Central Bank of the Argentine Republic. In addition, there were no caps on the traded volumes.

However, in September 2019, the Argentine executive power established new regulations regarding some aspects of the forex market. This was done by means of Urgency and Necessity Decree No. 609/2009, which introduced new controls on inflows, outflows, the purchase of foreign currency and other transactions. Coming into effect on 1 September, the new regulations included rules on export proceeds (exports of goods and services), the purchase of foreign currency, foreign-currency debts, etc.

According to the changes in the legislative framework, individuals who reside in Argentina need prior authorisation from the BCRA (Central Bank of the Argentine Republic or Banco Central de la República Argentina) to access the foreign exchange market. This includes various actions on the forex market such as creating external assets or granting any kind of guarantees concerning derivatives transactions. This restriction applies to all transactions that exceed US$10,000 per month.

There are no restrictions on Argentina-based individuals transferring foreign currency from their local foreign-currency-denominated accounts to their own accounts abroad. There is, however, a monthly cap of US$1,000 for non-resident individuals who want to purchase foreign currency. When it comes to legal entities such as firms, trusts, mutual funds, etc., prior approval from the BCRA is always required to access the foreign exchange market. BCRA’s authorisation is also required whenever individuals or legal entities want to purchase foreign currency and pay profits and dividends abroad.

Argentina’s financial regulators

There are several authorities responsible for the regulation and supervision of the financial sector and, in particular, the foreign exchange market. These include Argentina’s Central Bank, or BCRA, as well as the Ministry of Economy and Finance. The authority that regulates forex is the National Securities Commission (Comisión Nacional de Valores, or CNV).

The CNV is the national agency responsible for the supervision and control of the equity markets in the country. It was created in 1968 and is currently an independent entity under the Ministry of Economy and Finance. The CNV regulates all securities transactions and is the main body that issues rules and regulations governing equity markets and the foreign exchange market.

Forex payment methods in Argentina

Until recently, the currency controls that were in place in Argentina meant that many of the popular payment methods used by traders around the world were not available in the country. This included credit cards, online banking and even digital wallets. However, after many of the restrictions were lifted, traders now have access to a wide variety of banking methods.

This includes internationally accepted Visa and Mastercard credit and debit cards, as well as locally available prepaid cards and vouchers. Still, regulations regarding forex and the financial sector as a whole are often introduced by the local regulators in an attempt to address the unstable economy of Argentina. For instance, the authorities set a limit on deposits from bank cards to US$50 and, as a result, traders could not fund their trading balances using digital wallets such as Neteller, Skrill or PayPal.

Argentinian investors who want to access the foreign exchange market should also be aware that cards issued by local payment networks cannot be used on the websites of international brokers. For instance, Naranja, which is part of Grupo Financiero Galicia and is among the biggest credit card issuers in Argentina, supports only domestic payments. Many traders use alternative payment methods to top up their online trading accounts, and one of these is Mercado Pago. This is an online platform that allows users to make payments and receive money via email.

Popular trading software in Argentina

Traders in Argentina have access to many of the major forex brokers from all over the world, but the most preferred trading platforms are those available in Spanish. In fact, for most investors, the choice of a broker is much more important than the choice of a platform – after all, the vast majority of online FX brokers offer MetaTrader 4, the most popular trading software in the world.

Argentina is no exception, and traders here are familiar with MetaTrader 4. It was introduced nearly 15 years ago, but it is still the most widely used trading platform. It is available for free and features a simple design and an exceptionally user-friendly interface suitable even for beginners. MetaTrader 4, or MT4 as it is usually referred to, is a great option for those who want to trade forex along with other financial instruments, including CFDs, indices, commodities, futures and cryptocurrencies.

The platform is ideal for less-experienced traders since it is easy to use and has excellent functionalities such as copy trading and Expert Advisors. It provides a lot of statistical data, news and analysis from professionals. In addition, traders gain access to a wealth of tutorials and educational resources. Advanced traders, on the other hand, can take advantage of MT4’s excellent charting capabilities, its built-in indicators (30 built-in technical indicators and 24 graphic objects), in-depth technical analysis and the option for automated trading.

Argentinian investors who are interested in trading other markets besides forex – commodities, stocks, etc. – also find MetaTrader 5 a useful alternative. Although the two platforms were created by the same company and are visually similar, they actually target different types of traders. Unlike MT4, MT5 was designed to plug into centralised trading exchanges where stocks and commodities are usually traded.

Mobile trading in Argentina

Trading today differs significantly from two or three decades ago. Online brokers have made forex, as well as other financial instruments, extremely popular among retail traders. In the past, the global markets could be accessed only by financial institutions, large brokerages, pension funds and investment banks. Now, everyone can invest in gold, company stocks or foreign currencies as long as they have enough capital and access to the internet.

The rise of mobile technologies, however, is making FX trading even more accessible. As mobile technologies improve, more investors prefer trading from their mobile phones and tablets. Argentina is, of course, no exception to the rule – Argentinian traders can download and install the mobile apps offered by their preferred brokers. As we have mentioned above, most brokers offer access to the MT4 platform, which is available for iOS and Android devices. The vast majority of trading platforms are also mobile-friendly. However, for fast execution and seamless performance, traders should connect through stable Wi-Fi or 4G.