In this guide, we go over the best trading platforms in Ecuador. 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.
Top Trading Platforms for Traders in Ecuador
- eToro is the Best Trading Platform in Ecuador. Best Trading Platform Ecuador Overall. Zero-Commission Real Stocks and Copy Trading.
- Interactive Brokers is in second place. Best Trading Platform in Ecuador for Market Access.
- XTB comes in third place. Best CFD Broker Ecuador.
- Plus500 is in fourth place. CFD Broker with Wide Market Access Ecuador.
- Capital.com takes fifth place. Best Education and Research.
Best Online Trading Platforms Ecuador
| Rank | Trading Platform | Our Score | Information | Minimum Deposit |
|---|---|---|---|---|
| #1 | eToro | 4.9 | Best for Copy Trading. | $50 |
| #2 | Interactive Brokers | 4.9 | Best Market Access. | $0 |
| #3 | XTB | 4.8 | Global CFD Broker with Low Commissions. | $0 |
| #4 | Plus500 | 4.8 | Best Forex Trading Platform Ecuador. | $100 |
| #5 | Capital.com | 4.8 | Best Education and Research. | $20 |
How to pick an online trading platform?
When picking an Ecuador trading 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 break down the Best Stock Trading Platforms in Ecuador, starting with our best-rated eToro.
eToro – Best Trading Platform Ecuador Overall
Disclaimer: CFDs are complex instruments that 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. Make sure you understand how CFDs work and if you can afford to take the high risk of losing your money.
eToro is a zero-commission stock broker
founded in 2007 that offers a user-friendly trading platform
and mobile trading app. They are best in class for copy
trading, allowing traders from all over the world (including
Ecuador) to copy trades of successful trades.
Trading fees are low, built into the
spread for CFD products. Real stocks have zero
commissions, cryptocurrencies have a 1% fee.
eToro has more cryptocurrencies than the industry average, making it an excellent option for cryptocurrency investors wishing to copy portfolios of seasoned crypto traders.
eToro offers Stocks, Crypto, Forex, ETFs, Indices, and Commodities.
Interactive Brokers – Best Online Trading Platform Ecuador For Market Access
Interactive Brokers, founded in 1978 and listed on the New York Stock Exchange, is one of the most reputable brokerages in Ecuador. IBKR is an excellent choice because it gives you access to 150 marketplaces in 33 countries, guaranteeing that the vast majority of clients worldwide are satisfied.
This broker is highly recommended for traders who want to trade various assets at reasonable rates while also benefiting from thorough research tools. Interactive Brokers doesn't charge inactivity fees. IBKR is well-regulated by industry-leading regulatory agencies, so there's nothing to be concerned about regarding security.
XTB – Best CFD Broker Ecuador
When it comes to minimal trading fees, we recommend XTB. XTB is a low-cost CFD broker with headquarters in London and Warsaw, created in 2002. XTB is an excellent option if you want a simple yet effective trading experience with low forex CFD fees and quick deposits and withdrawals.
Furthermore, XTB is regulated by several
industry-leading regulatory bodies, including
the Financial Conduct Authority (FCA).
XTB offers
Forex, Indices, Commodities, Stock CFDs, ETF CFDs,
and Crypto.
Plus500 – Great CFD Trading Platform
Trading FX on margin is high risk and not suitable for everyone. Losses can exceed investment.
Plus500 is a global online CFD broker listed on the London Stock Exchange listing that offers you a user-friendly trading interface and access to share trading and a wide range of CFDs.
Plus500 has over 2,000 CFDs. It has spreads that are comparable to industry averages. Their user-friendly platform is great, however not the best for advanced traders. Some traders may be dissatisfied with the lack of educational content, restricted market research options, and trading tools.
Capital.com – Best Trading Platform for Education and Research Ecuador
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.45% 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.
Capital.com finishes our list as the best trading platform
for their education and research. Their excellent research
offers everything from fundamental economic data to
technical analysis.
Capital.com platform is easy to use
and intuitive with over 7,400 markets available. Trading
tools are great, with over 70 techical indicators, charts,
alerts, risk management, and more.
They are regulated by
top-tier authorities like the FCA, ASIC, CySEC, NBRB, and
FSA.
Capital.com offers Indices, Forex, Commodities,
Shares, can Cryptocurrencies. Trading fees are low, in line
with the industry standars.
Compare Online Trading Platforms in Ecuador
| Trading Platform | eToro | Interactive Brokers | XTB | Plus500 | Capital.com |
|---|---|---|---|---|---|
| Founded | 2007 | 1978 | 2002 | 2008 | 2016 |
| Regulation | FCA, CySEC, ASIC, FSAS | SEC, CFTC, FCA, NFA | FCA, CySEC, Fincancial Services Commission in Belize | FCA, CySec, MAS, ASIC, FSA, FMA | FCA, CySec, ASIC, MiFID |
| Offering Of Investments | Stocks, ETFs, Forex, Crypto, Indices, Commodities | Stocks, ETFs, Options, Futures, Currencies, Cryptocurrencies, US Spot Gold, Bonds, Mutual Funds, Hedge Funds | Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Crypto | Shares, Forex, Commodities, Indices, Crypto, Options, ETFs | Shares, Forex, Commodities, Indices, Crypto |
| Minimum Deposit | $50 - $100 | $0 | $0 | $100 | $20 |
| Demo Account | Yes | Yes | Yes | Yes | Yes |
| Withdrawal Fee | $5 | 1 Free Withdrawal per Month | 20 USD for withdrawals under 100 USD | $0 | $0 |
| Inactivity Fee | $10/month | No | $10 monthly after 12 months | Yes | No |
| Deposit Methods | PayPal, Skrill, Neteller, Credit Card, Debit Card, Rapid Transfer,iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking - Trustly, POLi | Bank Wire, Credit Cards, ACH, Mail a check, Rollover, Online Bill Pay, Trustee-to-Trustee, SEP Contribution | Bank Transfers, Credit and Debit Cards, Skrill | PayPal, Skrill, Credit Card, Debit Card, Bank Transfer | Credit Cards, Bank Transfer, Wire Transfer, Sofort, IDeal, MultiBanko, Trustly, WebMoney, Qiwi, Skrill, and Neteller |
Online Trading in Ecuador
Online trading in Ecuador is gaining more and more attention from the ambitious residents of the country, and for the trading process to be both safe and successful, it needs to be overseen by the financial regulator(s) in this country. On the one hand, The Superintendencia de Bancos is the central banking authority in Ecuador.
- To learn more about the Superintendencia de Bancos, you can visit its official website:https://www.superbancos.gob.ec/bancos/, or its webpage on Wikipedia, or Twitter.
Final Verdict
We hope you found all the details you needed in our guide. Just to recap, here are the best online brokers in Ecuador:
| eToro | Interactive Brokers | XTB | Plus500 | Capital.com | |
|---|---|---|---|---|---|
| Our Score | 4.9 | 4.9 | 4.8 | 4.8 | 4.8 |
| Fees Score | 4.9 | 4.9 | 4.8 | 4.8 | 4.9 |
| Mobile App Score | 4.9 | 4.6 | 4.7 | 4.6 | 4.7 |
| Trading Platform Score | 4.9 | 4.8 | 4.8 | 4.7 | 4.7 |
| Offering Of Investments Score | 4.8 | 4.9 | 4.7 | 4.7 | 4.6 |
| Regulation Score | 4.8 | 5.0 | 4.8 | 4.8 | 4.8 |
