Brokers

Best Trading Platforms In Colombia 2022

In this guide, we go over the best international online brokers in Colombia. We analyzed and researched hundreds of brokers, based on a variety of different factors. We compared every aspect of their services, focusing on security, fees & commissions, trading platform, regulation, offering of investments, trading tools, deposits & withdrawals, and more. Brokers had to meet a threshold to be considered in the following list.

Best Online Brokers in Colombia

  1. eToro is the best broker in Colombia Overall. Best in Class for Copy Trading. Zero Commission Stocks.
  2. Interactive Brokers comes in second. Founded in 1978. Best Market Access.
  3. XTB comes in third. Listed on a Stock Exchange. Great CFD Offering.
  4. Saxo Markets comes in fourth. Great For Sophisticated Investors.
  5. TD Ameritrade finishes the list. Great Broker Founded in 1975.
online brokers Colombia

Best Online Trading Platforms in Colombia

How to pick an online trading platform?

When picking a platform you should consider the following factors:

  • Overall great service
  • Regulation
  • Safety
  • Fees & Commissions
  • Range of Products
  • Account Opening Process
  • Deposits & Withdrawals

Read below, where we breakdown the top Stock Brokers in Colombia, starting with our best-rated eToro.

eToro – Best Overall in Colombia

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Disclaimer: CFDs are complex instruments that come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. Make sure you understand how CFDs work and if you can afford to take the high risk of losing your money.

An Israeli company, eToro is an excellent option for those looking to copy trade. Copy trading is where you copy the trades of experienced traders. Established in 2007, eToro has been a leading platform, great for beginner and advanced traders. Using eToro’s user-friendly website and mobile trading app, you can trade in stocks, currency pairs, ETFs, and CFDs. Plus, eToro trades a bigger number of cryptocurrencies than the industry average, making it a viable option for cryptocurrency traders looking to copy the trades of seasoned crypto traders.

eToro is regulated by top-tier authorities, which makes it a safe and reliable broker.

Interactive Brokers – Best for Market Access

One of the best options in Colombia is IBKR, a global brokerage firm that was founded in 1978 and is listed on the NASDAQ. The company is trusted by international traders because it gives access to 135 markets in 33 countries. It offers low-cost trading and a comprehensive set of research tools. Thanks to the elimination of IBKR’s $10 minimum maintenance fees, all of their wonderful features are available without the annoying inactivity fees. Interactive Brokers is a legitimate and well-regulated broker.

Interactive Brokers offers Stocks, ETFs, Options, Futures, FOPs, Forex, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.

There are no deposit fees with the platform and Interactive Brokers also offers the first withdrawal every month for free.

XTB – Great CFD Broker

XTB is an established CFD broker offering access to over 2100 global markets. XTB is a broker founded in 2002 with offices in London and Warsaw. Their platform and mobile app are easy-to-use and their education is top-notch. They have over 450,000 customers worldwide, and offer fast and qualified customer support.

It’s best suited for traders who look for an efficient trading experience with minimal forex CFD expenses and a fast deposit and withdrawal process. It’s a secure online broker with approval from a number of well-known authorities across the globe, including the tier-1 UK Financial Conduct Authority FCA. Finally, XTB makes its financial records available to clients, which is always a plus for any broker.

Saxo Markets – Great for Sophisticated Traders

Saxo Bank, was founded in 1992, and is a superb multi-asset online broker. Saxo offers a great trading experience thanks to its cutting-edge platform, in-depth research, and over 40,000 securities. Saxo Bank provides a good variety of tools and services to active traders. Saxo Bank’s top-tier regulation, banking experience, and long track record make it a reliable option in terms of security.

TD Ameritrade – Great for Sophisticated Traders

We also recommend TD Ameritrade if you want to invest your money with a reputable broker in Colombia. The firm provides a full-service trading environment that can accommodate both new and experienced day traders who want to trade several asset classes. You can benefit from TD Ameritrade’s technology-driven trading platforms, user-friendly mobile app, zero trade commissions, and excellent educational material with no minimum deposit whatsoever.

Online Trading and Regulation in Colombia

Online trading in Colombia is gaining more and more attention from the ambitious residents of the country, and in order for the trading process to be both safe and successful, it needs to be overseen by the financial regulator(s) in this country.The National Directorate of Taxes and Customs (DIAN) and Superintendencia Financiera de Colombia are the financial regulatory bodies in Colombia. 

To learn more about the DIAN you can visit its official website: https://www.dian.gov.co/, or its webpage on Wikipedia, or Twitter.

To learn more about the Superintendencia Financiera de Colombia you can visit its official website: https://www.superfinanciera.gov.co/jsp/index.jsf, or its webpage on Wikipedia, or Twitter.

Final Verdict

We hope you found all the details you needed in our guide. We took into account every possible detail of all renowned brokers, such as fees, payment methods, regulatory bodies, commission charges, to provide you with the best options. Just to recap, here are the top rated online brokers in Colombia:

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