The best brokers in Guatemala to invest in the stock market in 2024

best brokers guatemala

✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

Thanks to the great development that technology has had in the field of the Internet and the media, today something that could only be done in person in the most important stock markets in the world is possible, such as investing in the stock market. Therefore, today I tell you which are the best brokers in Guatemala.

Capitalix

Broker: Capitalix

recommended capitalix

Regulatory: FSA

fsa seychelles

Plataform: Own Platform

recommended capitalix

Minimum deposit: $ / € 0

Overall rating:

Leverage: Up to 1:200 (Forex), 1:100 (Indices), 1:20 Stocks, 1:5 (Crypto)

DEMO account: Yes

Capitalix is ​​one of our recommended brokers for Guatemala, Thanks to the fact that it is regulated by the FSA, making it an extremely safe broker, thanks also to its technology which allows financial transactions protected by the highest security protocols.

Another of its advantages is that it gives you the possibility of protecting your negative balances, in this way you will have extra security to avoid having losses. In addition, the company offers a separation of funds, both from the company and from clients, in a totally transparent way, protecting your money.

Here you can see a complete review of Capitalix.

Equity

BrokerEquity

scam equity

Regulatory: FSC

fsc mauritius

Plataform: Web trader

scam equity

Minimum deposit: $100

Overall rating:

Leverage: Up to 1:200

DEMO account: Yes

What makes Equiity one of the best brokers is the possibility of choosing between different accounts, this makes this Broker ideal for any level of Trader.

Their Silver account is perfect if you are looking for flexibility, allowing you to use the most popular platforms and also leverage, with competitive commission charges.

In turn, it offers a Gold account, designed especially for those traders who need greater liquidity, to be able to operate in short-term prices quickly.

Finally, its most advanced account, the platinum account, offers expert traders a higher level of margin, being highly competitive.

Here you can see a full review of Equiity.

XTB

Broker: XTB

xtb 3

Regulatory: CySEC

cyst 1

Plataform: MT4

metatrader 4

Minimum deposit$ / € 250

✓ Overall assessment:

Leverage: Up to 1: 500

DEMO account: Yes

XTB is one of the best options to invest in the online stock market, because it is based on the xStation engine, one of the best investment platforms.

For the Guatemalan public it is especially recommended due to its customer service in Spanish.

Here you can see a complete review of XTB.

eToro

Exchange: eToro

etoro 3

✓ Regulatory:


 FCA

fca

Minimum deposit:

 $ / € 0

✓ Commissions:

1% per trade

✓ Valuation:

We cannot forget about this community that offers the possibility of following the most successful investors, in fact, you will be able to emulate their movements or copy them automatically.

eToro has become one of the favorite platforms for investing in the stock market by users.

Here you will see a full review of eToro.

What are brokers?

A broker is an intermediary which offers the possibility of making exchanges in the financial sector, offering support for both buyers and sellers.

This agent executes the purchase and sale operations according to the financial instruments requested by the clients.

What platforms to invest in the stock market?

As for the platforms to invest in the stock market, they provide different tools to analyze the market, have the price rate of financial instruments, open and close positions, control them, and invest.

In this case, it is extremely important for the trader to choose the platform that suits his profile as an investor.

Broker Types

There are a large number of different brokers, but the most important are:

Market Makers

Trades are executed through a trading desk for clients, without giving them access to the market.

electronic communication network

These types of brokers run a regulated electronic communications network, and do not have the power to manipulate asset prices.

Straight Through Process

This type of Broker provides direct contact to traders, executing their orders without the presence of intermediaries.

As there are no intermediaries, there are no conflicts of interest and they can charge fewer commissions.

Best platforms for trading

The best platforms for trading are:

  • Ninjatrader
  • MetaTrader
  • ProRealTime
  • NAGA

How to choose the best broker?

To choose the best broker, the first thing you must understand is that you must give yourself enough time to review the platform thoroughly, since the only way to see if the chosen broker really meets your needs is to try it yourself.

In fact, most likely each trader has a different reason for choosing one broker over the other, making the decision highly subjective.

What we recommend you take into account is:

  • Your objectives and needs as a Trader.
  • Your preferences regarding assets and instruments.
  • Your risk tolerance.
  • How effective you are at creating and following your strategies.

Which is the safest?

The safest broker is the one you feel most comfortable using. Although regulated brokers will protect your funds and personal data, any investment involves risk, the safest action is one that you take in an informed manner.

Forex market hours

Forex hours in Guatemala depend on the United States time zone in question.

Speaking of the New York market in summer, it opens at 5 PM and closes at 5 PM on Friday.

During winter hours, the New York Stock Exchange market opens at 6 PM and closes on Fridays at 6 PM.

FAQs

Which broker is right for me?

The broker that best suits you is the one with which you feel most comfortable, and you know how to analyze the data and graphs quickly. Any of those seen in our broker comparator is recommended.

Which broker charges less?

It is important not only to take into account the commission charge to choose the best brokers in Guatemala. Remember that all regulated brokers have a relatively high commission charge.

What brokers are regulated in Guatemala?

The institution in charge of regulating brokers in Guatemala is the Superintendency of Banks (SIB) and the National Securities Market Commission (CNMV), although there are no brokers regulated by any of these institutions.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

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