The ascendancy of Latin America as a viable destination for FX brokers has been well documented, however the region possesses a number of advantages and disadvantages for both incoming and domestic investors.
Latin America has long been an enticing region for foreign investment and FX. Until recently, many FX brokers were unsuccessful in overcoming a litany of regulatory barriers, seemingly unable to establish a foothold in markets. This trend has changed in recent years, with many international brokers eyeing offices and prospects in several countries, coupled with a blossoming domestic FX market.
Chile and Peru in the Drivers Seat
Much like its continental European counterpart, Latin America is merely the sum of a number of countries, each with different advantages and disadvantages to FX trading and brokers. Out of this mix, two in particular have cultured a functioning domestic FX market insulated by regulatory oversight – Chile and Peru.
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As recently as five years ago, many FX brokers in countries such as Peru were simply insufficiently prepared to understand or provide the requisite level of receptivity and longevity for successful brokerages. However, this trend has given way, opening a wealth of new possibilities.
The composite report about Latin America features executive commentary and analysis from the leading players and brokers operating in the region – these include Tradeview’s Tim Furey, BMFN’s Luis Sanchez, FXChile’s Erwin Andia and BelforFX’s Ariel Viner Cohen.
Find out more in the recently published Forex Industry Quarterly Industry Report.