LatAm FX-Overview of Minimum Deposit, Spreads & Leverage

Note: LatAm FX's official website: https://latam-fx.com/ is currently inaccessible normally.

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

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.

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.

Leverage

LatAm FX provides a maximum leverage of up to 1:200, which is solid and suits almost all trading styles.

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.

Trading Platform

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.