LatAm FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-05 15:03

Abstract：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.

　　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.