Best Low Cost Brokers in Colombia
Top 3 Low-Cost Platforms for Traders in Colombia
AvaTrade is regulated in multiple jurisdictions worldwide, which makes the company a reliable, trustworthy, and transparent brokerage services provider.
AvaTrade allows you to optimize your strategy with excellent trading conditions such as low spreads, transparent pricing of assets, and fast execution on all entry and exit orders. Also, AvaTrade has a variety of trading platforms that are seamlessly accessible on both mobile and desktop devices.
Con más de 20 años de experiencia en los mercados financieros y regulación por entidades como la CySEC, esta plataforma de inversión online se ha ganado la confianza de millones de usuarios en más de 120 países. Priorizando la seguridad de los fondos y ofreciendo una experiencia de trading fluida, es una opción confiable para aquellos que buscan diversificar su cartera.
A través de su plataforma, los traders pueden acceder a una amplia gama de acciones globales, desde tecnología hasta energía y salud, en mercados como Londres y el NASDAQ. Los usuarios pueden operar sin necesidad de adquirir el activo subyacente, con la posibilidad de realizar tanto compras como ventas a corto plazo.
Además, ofrece comisiones competitivas y la flexibilidad de operar con un depósito mínimo accesible, brindando acceso a más de 250 activos, incluidos acciones, índices y materias primas. Esto permite crear una cartera diversificada y adaptada a las necesidades de cada inversor.
How to categorize a Broker as cheap?
Below are the main criteria that we have considered when making this ranking:
The minimum deposit must be low (or null). A low minimum deposit means that operating the platform does not require a lot of capital.
The Broker should not charge a fixed commission per trade. The Broker must charge commissions because that is what they do, but when they set a fixed rate, it implies that a buy and sell order must have a minimum amount to generate any profit. As an example, if you open a trade for a total value of 20 dollars and the Broker charges a fixed commission of 10 dollars to complete the operation (Opening and Closing), then the trade must generate at least 10 dollars, that is, it must grow 50%. Brokers that do not charge a fixed commission tend to charge high spreads.
Spreads and Overnight Financing should be as low as possible. Related to the previous, if a broker does not charge fixed commissions, the only way to earn money is through margins and overnight financing. Overnight financing costs are levied when a trade is left open until the next day; Brokers charge this cost as if it was a loan, which, indeed, it is. To be considered low, these trading costs should be as low as possible.
Last but not least, the Broker has to be available to clients in Colombia.
Above we present our Top 3 of the best Trading platforms that we consider as 'Low Cost'.
XM is one of the largest MT4 and MT5 Forex brokers, and has been a popular choice among traders. XM offers an Ultra Low Spread account type, providing raw spreads (starting from 0.1 pips).
Some stats: XM had a 100% execution rate (no rejection of orders), and 99.35% of all orders were executed in less than 1 sec, with a strict no re-quotes policy.
Generally speaking, clients of trading platforms want to pay fewer and smaller commissions. Therefore, we present the top 3 of the cheapest Brokers.