Best Forex Brokers in Bolivia in 2021

Best Forex Brokers in Bolivia in 2021

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Bolivia, officially known as the Plurinational State of Bolivia, is a western-central South American country. With a population of 11 million, Bolivia is well-known as an active country where forex trading is concerned, with the following forex brokers that welcome Bolivian traders:

  1. NordFX
  2. Interactive Brokers
  3. AvaTrade
  4. XM
  5. FXTM

1. NordFX

NordFX is a forex trading broker founded in 2008 in Cyprus, with regulation by CySEC and VFSC.

In terms of users, there are more than 1.2 million forex traders registered with NordFX, according to official sources. According to trusted sources, NordFX has between 10 and 50 employees.

In terms of minimum deposits, NordFX charges 10 USD when forex traders register for a trading account. NordFX charges some of the following spreads and commissions:

  • Spreads from 0.0 pips
  • Commission charges from as low as 0.0035% per side, per trade

In terms of trade execution speed, NordFX guarantees that trades are executed within 0.5 milliseconds. In terms of security and security features, NordFX uses strict protocols to secure its website and trading platform.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • Cryptocurrencies
  • Indices
  • Metals

In terms of trading software, NordFX offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. MetaTrader 4 Multi-terminal

In terms of research and training, NordFX offers the following trading tools, resources, and educational materials:

  1. FAQ
  2. Analysis
  3. Economic Calendar
  4. Trading Signals
  5. VPS for eligible clients
  6. NordFX Learning Centre
  7. A comprehensive glossary with terms and definitions

In terms of customer support, NordFX can be contacted through the following channels:

  • Web Contact Form
  • Email
  • Live chat

In terms of the service area, NordFX serves traders from around the world except for traders from these regions:

  • Canada
  • Japan
  • United States
  • Belgium

In terms of currency types, NordFX supports the following currencies:

  • USD
  • BTC
  • ETH

When compared to other forex brokers, NordFX offers the following unique sides and features:

  • Negative balance protection which is applied to retail accounts
  • A choice between different trading accounts, each with dynamic features
  • Trusted trading software and execution speeds on trades

NordFX is one of the active forex brokers in Bolivia with hundreds of registered traders, giving it a sizable market share despite the competition between brokers. NordFX offers Bolivian citizens and retail traders negative balance protection on accounts, safeguarding their capital in risky market conditions.

NordFX is a very popular choice for many Bolivians who are just starting in trading and those who are more experienced overall.

To get more information, you can read the NordFX Forex Suggest review.

2. Interactive Brokers

Interactive Brokers is a forex trading broker founded in 1978 in the United States by Thomas Peterfly. The CEO for Interactive Brokers is Milan Galik, who has held the position for the past three years since 2018. Interactive Brokers is regulated by CFTC, IIROC, FCA, CSSF, CBI, MNB, ASIC, SEHK, KLB, and MAS and has a market capitalization of $28.03 billion.

In terms of users, there are more than 600 000 forex traders registered with Interactive Brokers, according to official sources. According to trusted sources, Interactive Brokers has more than 1 600 employees.

In terms of minimum deposits, Interactive Brokers does not have a predetermined or set minimum deposit when forex traders register for a trading account. Interactive Brokers charges some of the following spreads and commissions:

  • Spreads from 0.0 pips
  • Commission charges that are either tiered or fixed according to the trader’s preference, financial instrument, and trading volume

In terms of trade execution speed, Interactive Brokers guarantees fast, reliable trade executions that have low latency, according to trusted sources. In terms of security and security features, Interactive Brokers is a large, trusted, and reputable forex broker and trading service provider with a global presence.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • Metals
  • Bonds
  • ETFs
  • Mutual Funds
  • Hedge Funds
  • Robo Portfolios
  • Stocks
  • Options
  • Futures

In terms of trading software, Interactive Brokers offers forex traders the following applications:

  1. Interactive Brokers’ Client Portal
  2. Desktop TWS
  3. IBKR Mobile
  4. IBot
  5. IBKR WebTrader (Only for IBKR Pro Accounts)
  6. IBKR APIs (Only for IBKR Pro Accounts)

In terms of research and training, Interactive Brokers offers a free newsletter and blog. Interactive Brokers also offers the following trading tools, resources, and educational materials:

  1. Knowledge Base
  2. Traders’ Academy
  3. More than 150 videos
  4. Courses and tours
  5. Investors’ marketplace
  6. Apps, tools, and widgets

In terms of customer support, Interactive Brokers can be contacted through the following channels:

  • Email
  • Telephone
  • Live chat
  • IBot FAQs
  • Facebook
  • Twitter
  • LinkedIn

In terms of the service area, Interactive Brokers serves traders from around the world except for traders from these regions:

  • Afghanistan
  • Burundi
  • Iran
  • Iraq
  • Somalia
  • Sudan and a few others form part of the OFAC list.

In terms of currency types, Interactive Brokers supports the following currencies:

  • USD
  • GBP
  • EUR
  • JPY, and more.

When compared to other forex brokers, Interactive Brokers offers the following unique sides and features:

  • Powerful IBKR trading software
  • Trusted forex broker and one of few listed on a stock exchange
  • Variety of investment opportunities along with a plethora of trading opportunities
  • Several industry awards won over the past few years

Interactive Brokers is one of the most active brokers in Bolivia, with thousands of registered forex traders that use its solutions and trading services. Interactive Brokers has one of the largest market shares in Bolivia and South America, despite strong competition.

Bolivian citizens have the privilege of dealing with a world-class broker that offers unique, tailor-made solutions to both beginners and professional traders, making it a popular choice for Bolivian citizens.

To get more information, you can read the Interactive Brokers Forex Suggest review.

3. AvaTrade

AvaTrade is a forex trading broker founded in Ireland by Negev Shekel in 2006. The CEO for AvaTrade is Dáire Ferguson, who has held the position for the last nine years. ASIC, BVI, CBI, FFAJ, FSA, FSCA, and IIROC, with a daily average trading volume of more than $7.8 billion.

In terms of users, there are more than xxx forex traders registered with AvaTrade, according to official sources. According to trusted sources, AvaTrade has xxx employees.

In terms of users, there are more than 300,000 forex traders registered with AvaTrade, according to official sources. According to trusted sources, AvaTrade has between 250 to 500 employees.

In terms of minimum deposits, AvaTrade charges 100 USD when forex traders register for a trading account. AvaTrade charges some of the following spreads and commissions:

  • Spreads from 0.9 pips EUR/USD
  • Commission-free trading

In terms of trade execution speed, AvaTrade guarantees that trades are executed within just a few seconds because of high liquidity and reliable trading technology. In terms of security and security features, AvaTrade is known for its trusted trading environment, which is protected by the latest technology.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • Metals
  • Energies
  • Options, and several more.

In terms of trading software, AvaTrade offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. AvaTradeGo
  4. AvaTradeOptions
  5. DupliTrade
  6. ZuluTrade

In terms of research and training, AvaTrade offers a free newsletter and blog. AvaTrade also offers the following trading tools, resources, and educational materials:

  1. Market News
  2. Technical Analysis
  3. Fundamental Analysis
  4. Trading calculators
  5. AutoChartist
  6. Economic Calendar

In terms of customer support, AvaTrade can be contacted through the following channels:

  • Live chat
  • Telephone
  • Email
  • Instagram
  • Twitter
  • Facebook

In terms of the service area, AvaTrade serves traders from around the world except for traders from these regions:

  • Iran
  • The United States
  • Canada

In terms of currency types, AvaTrade supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • AUD

When compared to other forex brokers, AvaTrade offers the following unique sides and features:

  • Trusted solutions and innovative services
  • Trading opportunities for both beginners and professional traders
  • Advanced yet comprehensive and user-friendly trading tools

AvaTrade is an active broker in Bolivia with a few thousand registered forex traders and a market share of more than 5%. AvaTrade does not specifically offer Bolivian traders any privileges but offers a safe and dynamic trading environment for beginners and professional traders.

AvaTrade is a popular choice for Bolivian citizens because of the range of tradable instruments, trusted trading platforms, and dedicated customer support.

To get more information, you can read the AvaTrade Forex Suggest review.

4. XM

XM is a forex trading broker founded in 2009 and whose CEO is Constantinos Cleanthous, who has held the position for the past few years. XM is regulated by ASIC, CySEC, and IFSC, and it has a market capitalization that exceeds $14.26 billion, according to stock information.

In terms of users, there are more than 3.5 million forex traders registered with XM, according to official sources. According to trusted sources, XM has more than 450 employees.

In terms of minimum deposits, XM charges $5when forex traders register for a trading account. XM charges some of the following spreads and commissions:

  • Spreads from 0.0 pips EUR/USD, depending on market conditions

In terms of trade execution speed, XM guarantees that 99.35% of trades are executed within a second. In terms of security and security features, XM is a large and reputable forex broker that uses robust security software, procedures, and protocol to ensure client fund security.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • Commodities
  • Cryptocurrency
  • Energies
  • CFDs
  • Stocks
  • Shares
  • Indices
  • Metals

In terms of trading software, XM offers forex traders the following applications:

  1. MetaTrader 4 (mobile, web, and desktop)
  2. MetaTrader 5 (mobile, web, and desktop)

In terms of research and training, XM offers a free newsletter and blog. XM also offers the following trading tools, resources, and educational materials:

  1. Forex Seminars Market Overview
  2. XM Research
  3. Trade-Ideas
  4. Technical Summaries
  5. Economic Calendar

In terms of customer support, XM can be contacted through the following channels:

  • Twitter
  • Instagram
  • LinkedIn
  • Live Chat
  • Email
  • Telephone
  • Facebook

In terms of the service area, XM serves traders from around the world except for traders from these regions:

  • Canada
  • Israel
  • Iran
  • The United States

In terms of currency types, XM supports the following currencies:

  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • ZAR

When compared to other forex brokers, XM offers the following unique sides and features:

  • A range of promotions and bonuses
  • Trusted, secure services
  • A choice of retail account types
  • Many bonuses and promotions

XM is a highly acclaimed and active forex broker in Bolivia that has more than 1000 registered traders. XM is known for having a large market share in Bolivia because of its unique and comprehensive trading solutions, making it a popular choice for Bolivian citizens.

While Bolivian citizens are not provided with any tailored privileges, traders can expect a range of financial instruments, reliable trading technology, and secure trading environments.

To get more information, you can read the XM Forex Suggest review.

5. FXTM

FXTM is a forex trading broker founded in 2011 in Mauritius by Andrey Dashin and Olga Rybalkina, who is also the CEO of FXTM since it was established. FXTM is regulated by FCA, CySEC, FSCA, and FSC, with a trading volume that exceeds $3.6 billion a day.

In terms of users, there are more than 3 million forex traders registered with FXTM, according to official sources. According to trusted sources, FXTM has 782 employees.

In terms of minimum deposits, FXTM charges $10 when forex traders register for a trading account. FXTM charges some of the following spreads and commissions:

  • Spreads from 0.0 pips EUR/USD
  • Commission charges from $2

In terms of trade execution speed, FXTM guarantees that trades are executed within 0.068 seconds. In terms of security and security features, FXTM is known for its transparency and secure trading platform and trading environment.

In terms of trading instruments, forex traders can trade the following:

  • Forex
  • CFDs on commodities
  • CFDs on indices
  • Spot Metals
  • Stock CFDs
  • Stocks

In terms of trading software, FXTM offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. FXTM Trader

In terms of research and training, FXTM offers a free newsletter and blog. FXTM also offers the following trading tools, resources, and educational materials:

  1. Educational Videos
  2. Daily market analysis
  3. Podcasts
  4. Economic Calendar
  5. Forex News Timeline and several others.

In terms of customer support, FXTM can be contacted through the following channels:

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Telegram
  • Telephone
  • Live Chat
  • Email

In terms of the service area, FXTM serves traders from around the world except for traders from these regions:

  • United States
  • Puerto Rico
  • Canada
  • Quebec, and some other regions.

In terms of currency types, FXTM supports the following currencies:

  • USD
  • EUR
  • GBP
  • IDR
  • MYR
  • NGN

When compared to other forex brokers, FXTM offers the following unique sides and features:

  • Trust and reliability
  • Award-winning trading services

FXTM is an active forex broker in Bolivia with thousands of registered traders that use its services, giving it an impressive market share in the country despite the presence of competitors. FXTM does not offer special privileges specifically to Bolivian citizens but offers a range of asset classes, account types, and flexible funding methods.

FXTM is a popular choice for Bolivian citizens because it is easy to use, has transparent fees, and uses some of the best trading technology in the industry.

To get more information, you can read the FXTM Forex Suggest review.

Forex Trading in Bolivia

Forex trading in Bolivia has increased rapidly in recent years, especially with improvements in the availability of internet connections. With more forex brokers accepting Bolivian traders, more have been able to actively participate in the forex market, along with several other markets.

What should be known for Forex Trading in Bolivia

The forex market in Bolivia has been growing at a rapid pace with increased currency stability, free-floating government regulations in addition to a more stable internet infrastructure, which makes it easier for Bolivian traders to participate in forex trading.

To start trading in Bolivia, traders need a forex trading account with a regulated broker that can guarantee client fund security. Bolivian traders also need access to educational materials, trading tools, and reliable trading software through which trades can be executed.

In addition to this, Bolivian traders need to ensure that they have a solid trading plan, a solid trading strategy, and adequate risk management tools to mitigate their trading risks.

Who are the Forex Regulators in Bolivia?

The forex regulators in Bolivia who are tasked with providing and maintaining a regulatory framework for the forex market are:

  • Central Bank of Bolivia
  • Autoridad de Supervisión del Sistema FinancieroIs Forex Trading legal in Bolivia?

How many Forex Traders are there in Bolivia?

The exact number of forex traders for Bolivia is not known. However, there are more than 800,000 forex traders in South America overall.

What do Bolivia’s citizens think about Forex Trading?

Bolivian citizens are typically very enthusiastic about forex trading as it provides them with the chance to secure an additional income. Bolivian citizens have been welcomed by more forex brokers in recent years, allowing them to learn about forex trading and benefit from the liquidity of the market.

Best Forex Brokers for Beginners in Bolivia

The best forex brokers for beginners in Bolivia are:

  1. XM
  2. NordFX
  3. AvaTrade
  4. FXTM
  5. HotForex

These forex brokers offer the best user-friendly trading platforms, demo accounts, and other educational tools, resources, and materials to beginner traders.

Best Forex Brokers for Experts in Bolivia

The best forex brokers for Experts in Bolivia are:

  1. FXTM
  2. Interactive Brokers
  3. ExpertOption
  4. Alpari
  5. Olymp Trade

These forex brokers are known for their innovative trading technologies, powerful trading platforms, and range of advanced, useful trading tools to help experts direct their trading decisions.

Best Forex Brokers for Other Countries

The best forex brokers for Brazil are:

  1. City Index
  2. Oanda
  3. XTB
  4. eToro
  5. Tradestation

The best forex brokers for Chile are:

  1. FOREX.com
  2. OctaFX
  3. RoboForex
  4. FXPrimus
  5. Fortrade

The best forex brokers for Paraguay are:

  1. IG
  2. Oanda
  3. BDSwiss
  4. FP Markets
  5. eToro