Company Summary
Note: LatAm FX's official website: https://latam-fx.com/ is currently inaccessible normally.
| LatAm FXReview Summary | |
| Founded | 2006 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | 40 forex pairs and CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Spread | 2.9 - 3 pips (demo) |
| Trading Platform | Trading Station |
| Min Deposit | $200 |
| Customer Support | Contact form |
| Email: info@latam-fx.com | |
| Facebook: https://www.facebook.com/latamfx.es | |
| Twitter: 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 Cons
| Pros | Cons |
| Variety of account types | Inaccessible website |
| Demo accounts | Unregulated status |
| Flexible leverage ratios | High spreads |
| Popular payment options | No MT4/5 |
| High minimum deposit | |
| Limited contact channels |
Is 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 Type | Min Deposit |
| Mini | $200 |
| Classic | $5,000 |
| Platinum | $25,000 |
Leverage
LatAm FX provides a maximum leverage of up to 1:200, which is solid and suits almost all trading styles.
| Account Type | Max Leverage |
| Mini | 1:200 |
| Classic | 1:200 |
| Platinum | 1:100 |
Spread
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 Type | Spread |
| Mini | 2.3 pips |
| Classic | 1.7 pips |
| Platinum | 1.0 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Trading Station | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit 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.
FX2240866109
Venezuela
Hi， I invested the fraud broker with $100 but they blocked me from withdrawing funds. And they even don't reply to me.
Exposure
FX1431065609
Paraguay
I was just cheated by LatAm FX who cheated me out of $300. They asked me to download an app called Anydesk and offer some profiles. And I was told that if I invested $7k, I could profit a lot. So I borrowed a loan. Then I asked for withdrawals. But I can't get the money
Exposure
FX4222961108
Colombia
I deposited 81,977 pesos and operated normally. When I wanted to withdraw, they rejected me.
Exposure
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
FX2652841841
Argentina
I deposited $500 and found the webpage was disabled. I could not operate or contact the customer service.
Exposure