Company profile
Note: LatAm FX's official website: https://latam-fx.com/ is currently inaccessible normally.LatAm FXReview SummaryFounded2006Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket Instruments40 forex pairs and CFDsDemo Account✅LeverageUp to 1:200Spread2.9 - 3 pips (demo)Trading PlatformTrading StationMin Deposit$200Customer SupportContact formEmail: info@latam-fx.comFacebook: https://www.facebook.com/latamfx.esTwitter: https://twitter.com/LatAmFX_OK Founded in 2006, LatAm FX is a forex and CFD broker registered in Saint Vincent and the Grenadines, offering trading through Trading Station platforms including 40 forex pairs and CFDs. The minimum deposit provided is $200, which is quite high. Besides, LatAm FX operates without regulatory oversight from any reputable financial body.Pros and ConsProsConsVariety of account typesInaccessible websiteDemo accountsUnregulated statusFlexible leverage ratiosHigh spreadsPopular payment optionsNo MT4/5High minimum depositLimited contact channelsIs LatAm FX Legit? No, LatAm FX is not regulated currently. Please be aware of the risk!What Can I Trade on LatAm FX? LatAm FX offers 40 forex pairs and CFDs on spot metals like silver and gold. Forex pairs: Exotic currencies like Chinese Yuan, Turkish Lira, Hong Kong Dollar, South African Rand, Mexican Peso, Norwegian Krone and Swedish Krona.Tradable Instruments Supported Forex pairs✔CFDs✔Bonds❌Options❌ETFs❌Account Type LatAm FX offers three account levels that traders can upgrade to. Account type including Mini, Classic and Platinum. Moreover, there is a demo account to practice with virtual assets.Account TypeMin DepositMini$200Classic $5,000Platinum $25,000Leverage LatAm FX provides a maximum leverage of up to 1:200, which is solid and suits almost all trading styles.Account TypeMax LeverageMini1:200Classic 1:200Platinum 1:100Spread LatAm FX claims that it offers spreads as the following table. On demo accounts, spread floats around 2.9 pips to 3 pips, which is at least twice as high than the levels considered acceptable with a standard account by most traders.Account TypeSpreadMini2.3 pipsClassic 1.7 pipsPlatinum 1.0 pipsTrading PlatformTrading PlatformSupported Available Devices Suitable for Trading Station✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal LatAm FX accepts various payment methods, including major credit or debit cards like VISA and MasterCard, e-wallets like Neteller, GiroPay, iDeal, Poli and Ukash, the online banking payment system SOFORT, as well as bank wire.
27270
Australia
LatAm FX offers a decent range of trading tools and services, and the educational blog has helped me a lot, but the ticket-based support is slow.
Neutral
2024-08-16