In this guide, we go over the best international online brokers in Colombia. We analyzed and researched hundreds of brokers, based on a variety of different factors. We compared every aspect of their services, focusing on security, fees & commissions, trading platform, regulation, offering of investments, trading tools, deposits & withdrawals, and more. Brokers had to meet a threshold to be considered in the following list.
Best Online Brokers in Colombia
- Interactive Brokers – Best Trading Platform Colombia Overall
- XTB – Best CFD Broker Colombia
- Saxo Markets – Best Online Broker Colombia for High Net Worth Clients
- TD Ameritrade – Trading Platform in Colombia
Best Online Trading Platforms in Colombia
| Trading Platform | Interactive Brokers | Capital.com | XTB | SAXO Markets |
|---|---|---|---|---|
| Founded | 1978 | 2016 | 2002 | 1992 |
| Regulation | SEC, CFTC, FCA, NFA | FCA, CySec, ASIC, MiFID | FCA, CySEC, Fincancial Services Commission in Belize | Danish FS, FCA, MAS, FINMA, ACPR, AMF, Bank of Netherlands, FSMA, Securities & Futures Commission of Hong Kong, ASIC |
| Offering Of Investments | Stocks, ETFs, Options, Futures, Currencies, Cryptocurrencies, US Spot Gold, Bonds, Mutual Funds, Hedge Funds | Shares, Forex, Commodities, Indices, Crypto | Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Crypto | Stocks, Forex, CFDs, Commodities, Options, Forex Options, ETFs, Bonds, Mutual Funds, Futures |
| Minimum Deposit | $0 | $20 | $0 | $2,000 |
| Demo Account | Yes | Yes | Yes | Yes |
| Withdrawal Fee | 1 Free Withdrawal per Month | $0 | 20 USD for withdrawals under 100 USD | $0 |
| Inactivity Fee | No | No | $10 monthly after 12 months | $25/month after 1 quarter of inactivity |
| Deposit Methods | Bank Wire, Credit Cards, ACH, Mail a check, Rollover, Online Bill Pay, Trustee-to-Trustee, SEP Contribution | Credit Cards, Bank Transfer, Wire Transfer, Sofort, IDeal, MultiBanko, Trustly, WebMoney, Qiwi, Skrill, and Neteller | Bank Transfers, Credit and Debit Cards, Skrill | Debit/Credit Cards, Bank/Wire Transfer, Stock Transfers |
How to pick an online trading platform?
When picking a platform, you should consider the following factors:
- Overall great service
- Regulation
- Safety
- Fees & Commissions
- Range of Products
- Account Opening Process
- Deposits & Withdrawals
Read below, where we breakdown the top Stock Brokers in Colombia, starting with our best-rated eToro.
Interactive Brokers – Best for Market Access
One of the best options in Colombia is IBKR, a global brokerage firm that was founded in 1978 and is listed on the NASDAQ. The company is trusted by international traders because it gives access to 135 markets in 33 countries. It offers low-cost trading and a comprehensive set of research tools. Thanks to the elimination of IBKR's $10 minimum maintenance fees, all of their wonderful features are available without the annoying inactivity fees. Interactive Brokers is a legitimate and well-regulated broker.
Interactive Brokers offers Stocks, ETFs, Options, Futures, FOPs, Forex, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.
There are no deposit fees with the platform and Interactive Brokers also offers the first withdrawal every month for free.
XTB – Great CFD Broker
XTB is an established CFD broker offering access to over 2100 global markets. XTB is a broker founded in 2002 with offices in London and Warsaw. Their platform and mobile app are easy-to-use and their education is top-notch. They have over 450,000 customers worldwide, and offer fast and qualified customer support.
It’s best suited for traders who look for an efficient trading experience with minimal forex CFD expenses and a fast deposit and withdrawal process. It's a secure online broker with approval from a number of well-known authorities across the globe, including the tier-1 UK Financial Conduct Authority FCA. Finally, XTB makes its financial records available to clients, which is always a plus for any broker.
Saxo Markets – Great for Sophisticated Traders
Saxo Bank, was founded in 1992, and is a superb multi-asset online broker. Saxo offers a great trading experience thanks to its cutting-edge platform, in-depth research, and over 40,000 securities. Saxo Bank provides a good variety of tools and services to active traders. Saxo Bank's top-tier regulation, banking experience, and long track record make it a reliable option in terms of security.
TD Ameritrade – Great for Sophisticated Traders
We also recommend TD Ameritrade if you want to invest your money with a reputable broker in Colombia. The firm provides a full-service trading environment that can accommodate both new and experienced day traders who want to trade several asset classes. You can benefit from TD Ameritrade's technology-driven trading platforms, user-friendly mobile app, zero trade commissions, and excellent educational material with no minimum deposit whatsoever.
Online Trading and Regulation in Colombia
Online trading in Colombia is gaining more and more attention from the ambitious residents of the country, and in order for the trading process to be both safe and successful, it needs to be overseen by the financial regulator(s) in this country.The National Directorate of Taxes and Customs (DIAN) and Superintendencia Financiera de Colombia are the financial regulatory bodies in Colombia.
To learn more about the DIAN you can visit its official website: https://www.dian.gov.co/, or its webpage on Wikipedia, or Twitter.
To learn more about the Superintendencia Financiera de Colombia you can visit its official website: https://www.superfinanciera.gov.co/jsp/index.jsf, or its webpage on Wikipedia, or Twitter.
Final Verdict
We hope you found all the details you needed in our guide. We took into account every possible detail of all renowned brokers, such as fees, payment methods, regulatory bodies, commission charges, to provide you with the best options.
