✔️ Information reviewed and updated in December 2023 by Eduardo López
Thanks to the great advance of the Internet, today it is possible to operate in the best markets from Ecuador, however, it is extremely important to choose a suitable and secure platform, which is why we are telling you today which are the best brokers in Ecuador.
The first of the recommended brokers in Ecuador is Capitalix, a perfect platform to invest in the Forex market, mainly for its customer support in Spanish, which is exceptional, and you can get it either by phone call, email or a totally live chat.
Capitalix provides that link between you and the capital market, thanks to its personalized solutions, which will allow you to invest from the first moment you open your account.
If you are a novice trader, Capitalix is one of the best options, since it allows you to open a virtual account, in which you can simulate movements in the market without any risk.
In addition, you will have at your disposal the best indicators that will allow you to forecast market trends, allowing you to make the most appropriate decisions.
The next of our recommended brokers is Equiity, a brand that is regulated by Mauritius, ensuring that it is a broker that will keep your money, your privacy and, above all, your personal data safe.
One of the reasons why Equiity is extremely safe is because client funds are deposited in separate accounts, so the company's operating funds are not mixed with its clients' deposits, keeping your capital 100% safe. except.
Equiity is an extremely fluid platform, which offers you the possibility of executing actions instantly, thanks to the fact that it is constantly evaluated to guarantee that users can operate in the best way.
XTB is one of the best platforms to invest in the stock market, which has earned a great reputation globally and has more than 600,000 registered users.
XTB allows you to trade more than 5800 instruments, including stock indices, commodities, shares, currencies, among others.
Its customer service is in Spanish and its training levels make this an excellent platform for beginning traders.
eToro has become one of the best options for investing in the online stock market, mainly due to its CopyTrader functionality, which has led it to be known as the social network for traders.
eToro provides support to observe the movements of the best traders in the market, and in this way, to be able to execute or imitate their operations, or even do it automatically.
What are brokers?
A broker is a financial entity which is authorized to execute the orders made by traders in the different financial markets.
The broker's main objective is to provide the security of funds and, above all, provide analysis tools, charts, indicators, economic news and price history, so that investors can execute their operations in an informed manner.
What platforms to invest in the stock market?
There are different platforms to trade in the Stock Market, and the best brokers are based on platforms such as: NinjaTrader, ProRealTime, NAGA and MetaTrader (the best for the Forex market).
Now that we have analyzed our broker comparator, it is important that you know that there are different types, according to various characteristics. In this case, there are 3 main types of brokers, which are:
These types of brokers are characterized by using a trading desk, under which customer operations are executed, giving them access to the market.
Electronic Communication Network (ECN)
They are based on an electronic communications network regulated by official institutions, limiting itself to establishing communication between operators, to execute the purchases and sales of assets.
Straight Through Process (STP)
These types of brokers offer direct contact between traders, to execute each of these tasks without intermediaries.
The main objective of this type of Brokers is to eliminate possible conflicts of interest.
Best platforms for trading
The best platforms for Trading are usually regulated brokers, mainly due to the level of security they offer their users, thanks to being an entity regulated by a third party, who is in charge of viewing the actions of each broker.
How to choose the best broker?
To choose the best broker for you, you should take into account the following recommendations:
- Observe that the chosen broker has the support for the asset in which you want to invest.
- Make sure the platform is intuitive, and offers the most important information.
- Observe the opinions of other traders.
- If you are starting, choose one that has the possibility of opening a demo account.
- It is important that you choose a broker which provides technical support in your native language.
Which is the safest?
The best brokers in Ecuador in this list are extremely safe, since they are all regulated by an important entity at a global level.
However, you should know that despite the regulation, any type of investment carries risks of your capital.
Forex market hours
The Forex hours according to the New York Stock Exchange are: it opens on Sundays at 6 PM Ecuador time, and closes on Fridays at 6 PM
It is important that you check your local time, because these may be adjusted according to summer or winter time in the United States.
In this list we present the recommended brokers in Ecuador, so any of them is recommended.
The regulated broker that charges the least according to our analysis is Capitalix.
The institution in charge of regulating Brokers in Ecuador is the Superintendence of Companies, Securities and Insurance (SCVS), however there is no specific regulation for Forex brokers.
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