Page Summary
In this guide, we go over the best trading platforms in Colombia. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support, and Islamic account options.
Trading platforms that reached the highest scoring are considered in the following list:
Top 6 Trading Platforms in Colombia
- eToro – Best Trading Platform Overall
- TD Ameritrade – Commissionless stock and ETF trading
- Interactive Brokers – Great Overall Pick
- Saxo Bank – Best for Advanced Traders
- Forex.com – Best Forex Trading Platform
- Capital.com – Best in research and education
Best Online Trading Platforms Colombia
| PLATFORM | SCORE | GENERAL INFO | MINIMUM DEPOSIT | |
| #1 | eToro | 4.9 | Best Trading Platform Overall | $200 |
| #2 | TD Ameritrade | 4.7 | Commissionless stock and ETF trading | |
| #3 | Interactive Brokers | 4.9 | Great Overall Pick | $0 |
| #4 | Saxo Bank | 4.9 | Best For High Volume Traders | $10.000 |
| #5 | Forex.com | 4 | Best Forex Trading Platform | $100 |
| #6 | Capital.com | 4.7 | Best Broker for Algorithmic Traders | $0 |
The below section breaks down the best trading platforms in Colombia beginning with the highest rated…
1. eToro – Best Trading Platform Overall
Min Deposit: $200
Fees: 4.8
Assets available: 4.8
Total Fees:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pros
- Access to over 4000+ tradable symbols
- Great overall market coverage
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Great cryptocurrency trading features
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools missing
Key features
- Sophisticated social-copy trading features
- Multiple different payment options
- Crypto exchange and brokerage services on the same dashboard
- Super fast registration and KYC on-boarding process
- Zero commission stock trading
- Great ease of use level
2. TD Ameritrade – Commissionless stock and ETF trading
TD Ameritrade is one of the oldest, biggest, and most reputable US-based stockbrokers that is regulated by the SEC, FINRA, and CFTC. It is founded in 1975 and offers users the opportunity to trade and or invest in stocks, ETFs, forex, mutual funds, bonds, options, futures, crypto, and other financial instruments.
On TD Ameritrade’s thinkorswim trading platform, users can buy, sell, and trade thousands of assets at low fees. TD Ameritrade also has a powerful mobile trading app available that is even compatible with Apple Watch.
You can open a free TD Ameritrade demo paper trading account to familiarize yourself with the platform and test trading strategies or open a real account by depositing any amount of money. Note that opening a real TD Ameritrade account can take up to 3 business days and that you will have to provide documentation such as identity documents, proof of address, and source of funding.
Although TD Ameritrade offers phone and email support from 8:30 AM to 5:30 PM ET, Monday – Friday, opening an account with them as a UAE resident is not possible as of writing this TD Ameritrade review.
Pros
- Commissionless stock and ETF trading
- Excellent desktop and mobile trading platforms
- Wide range of tradable assets
Cons
- Account opening is not possible for UAE residents
- Mostly US markets and assets
- Only accept bank wire transfers
- Doesn’t offer fractional shares
Key features
- Provides access to thousands of stocks, ETFs, mutual funds, and other financial instruments
- No minimum deposit required
- Broad range of educational material available for both beginners and experienced traders
- Daily market analysis in the form webinars, webcasts, and podcasts
- Users have access to IPOs, annuities, fixed income products, and lending programs
- Regulated by SEC, FINRA, and CFTC
3. Interactive Brokers – Great Overall Pick
Min Deposit: 0 ($2000 for margin account)
Fees: 4.9
Assets available: 4.9
Total Fees:
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
Pros
- Best market coverage in the industry (100k+ assets on different instruments)
- Access to 16,500 shares and 8,000 stocks as CFDs
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Industry leading fee structure
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
4. Saxo Bank – Best For High Volume Traders and Investors
Min Deposit: $2000
Fees: 4.7
Assets available: 4.9
Total Fees:
69% of retail investor accounts lose money when trading CFDs with this provider.
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
5. Forex.com – Best Forex Trading Platform
Min Deposit: $100
Fees: 3.7
Assets available: 4.1
Total Fees:
Forex.com is a well balanced online broker, great for users looking to trade forex and CFDs on a platform with no real downsided. Their multi-asset, features-rich trading platform offers a wide range of proprietary platforms, advanced social trading features and great asset coverage. Forex.com offers trading on over 4500 different CFDs as stock, cryptos, currencies and access to 5500 tradable symbols overall.
Exceptional educational resources, great market research and ease of use make this broker a good choice for beginners. Fees are competitive if you are trading high volume. Standard account fees are above industry average.
Pros
- Great market coverage
- Advanced Trading and Web Trading platforms
- Advanced charting features and performance analytics
- Award Winning Mobile trading app
- Professional customer support
- Competitive fee and commission structure
Cons
- Educational videos are missing
- MT5 available outside of US only
- Limited assets available on MT5
Key features
- 5500 tradable symbols and 4550 CFDs overall
- Award winning mobile trading app
- Advanced charting and performance analytics available
- Great combination of ease of use and personal customisation
- Publicly traded
6. Capital.com – Best For Research and Education (Discount Broker)
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
Capital.com is a top choice for traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities and forex pairs.
Founded in 2016, Capital.com is an international fintech company which has group of entities authorised and regulated by the Financial Conduct Authority (“FCA”), the Australian Securities and Investments Commission (“ASIC”), the Cyprus Securities and Exchange Commission (“CySEC”), and the Financial Services Authority of Seychelles (“FSA”). It does not operate a bank and is not publicly traded.
Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features. Beginner traders will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.
Pros
- Newsroom grade educational videos and analysis
- Award winning education and research section
- New age mobile trading app
- Real time market updates and price alerts
- Hedging and risk management tools
Cons
- MT4 and MT5 not available
- Market access is industry average
Key features
- Access to 6.000 tradable symbols and 477 cryptocurrency CFDs
- High quality research and educational content
- Patented AI trade bias system
- $20 minimum deposit
- No inactivity fees
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Colombia include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity, and security.
Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees, and hidden fees. Commission and spread fees are common with Colombia brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.
Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.
Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.
Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.
Assets: Look for coverage of preferred assets. Colombia traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.
Regulation: Brokers with top-tier licenses follow strict rules enforced by trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.
Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.
Customer support: Beginner traders should look out for responsive and professional customer support available in their language.
*Islamic Accounts: All platforms from our list offer Islamic account options. This gives users the chance to trade online in compliance to the Sharia law.
Online Trading In Colombia
Online trading in Colombia is available via the Colombia Securities Exchange, the Bolsa de Valores de Colombia (BVC). Founded in 1928 is has its headquartered in Bogotá and list only Colombian stocks. If you live in Colombia and want to trade international stocks, cryptocurrencies, or other assets, we recommend trading with one of the trusted offshore brokers or exchanges mentioned in this guide instead. Online trading is legal for Colombian citizens. Capital profits made with online trading are subject to a 10% capital gain tax and need to be reported to the Colombian government.
Online Trading Regulation
The Superintendencia Financiera de Colombia (SFC) regulates online trading in Colombia and oversees all financial activities in the country. The SFC main priority is to ensure the safety of online trading through supervision of all financial activities including brokerage services. They protect traders and investors agains insider trading and other forms of investment fraud. All Colombian brokers have to be authorised by the SFC to offer online trading services to Colombian citizens. Offshore brokers don’t need to be authorised by the SFC to offer online trading services to Colombians. Cryptocurrency trading is legal in Colombia.
License Verification
You can verify the validity of a brokers license by going to the official website of the SFC, clicking on ‘Intermediarios de Valores y Otros Agentes’, and searching the list of registered entities for the name of the broker. If the broker is based outside of Colombia, you can visit the official websites of CySEC, FCA, BaFIN, ASIC, or FINRA and check their database of ‘Registered Entities’ for the name of the company you want to trade with. If nothing shows up, you might be dealing with an unregulated broker or trading platform and we recommend trading with one of the best trading platforms in Colombia mentioned in this guide instead.
Conclusion
Based on our review, we consider eToro as the best trading platform for Colombian residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
TD Ameritrade is the second best trading platform for Colombian residents, because of their low fees, advanced trading tools, copy trading features, and a responsive customer support. Interactive Brokers, Saxo Bank, Forex.com and Capital.com are finishing up our list of top platforms with a great overall offer and above average ratings.
FAQ
Are There Commission-Free Trading Platforms In Colombia?
Yes, there are trading platforms available in Colombia that offer 0% commission trading like eToro and AvaTrade.
How Much Should I Invest When Trading Online in Colombia?
You should always invest at least the minimum deposit amount Colombia and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Colombia?
Yes, crypto trading is available to Colombian citizens. The leading trading platforms offer Bitcoin trading via CFDs.
How To Check If A Trading Platform Has a Valid License?
You can check if a broker or trading platform has a valid license by checking the ‘Registered Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA. For Colombia-based brokers, you can check the official website of Superintendencia Financiera de Colombia instead.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.