Ecuador is situated in the northwestern part of South Africa with a population of more than 1.7 Billion. Forex trading is most approachable across the globe, with more than 6 Trillion turnovers of forex trading every day globally. Forex trading is legal and expanding rapidly in Ecuador. Ecuador's economy is developing and mainly dependent on commodities like agricultural products and petroleum.

Finding the best brokerage platform in Ecuador might be rugged. Many brokers are expanding services in Ecuador, but with the information stated below, Ecuador traders can choose the best forex broker based on their services and who accepts the local traders.

Top Forex Brokers in Ecuador

1.TradeATF

TradeATF was incorporated in 2013, and it is operated by Bayline Global World Ltd, under the licence no 000188/91. The firm has its headquarters at 69, Brunswick Street, Edinburgh, United Kingdom, and is regulated and authorised by the International Financial Service Commission (IFSC) of Belize. The broker offers 245+ tradable assets, zero-commission fee, maximum leverage and best trading tools. It is one of the best brokerage platforms providing service in Ecuador.

Min Deposit: $250

Max Leverage: 1:500

Commission: No 

Trading Platform: MT4

Tradable Assets: Currencies, Commodities, Stocks, Indices, Crypto.

2.2invest

2invest is the trademark of Aronex Corporation Ltd and Habonix Solutions Ltd and was established in 2019, under the license no SD014. The firm has its headquarters at Palm street, Victoria, Mahe, Seychelles, and is regulated and authorised by the Seychelles Financial Services Authority (FSA). 2invest offers CFD trading on a wide range of products like Stocks, forex, indices, cryptocurrency and commodities. It is one of the top Brokers providing service in Ecuador.

Min Deposit: $250

Max Leverage: 1:500

Commission: No

Trading Platform: MT4

Tradable Assets: Currencies, Commodities, Stocks, Indices, Crypto.

3.Etoro

Etoro was established in 2007 and regulated by its different financial authorities around the world, including, the UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CYSEC), and (ASIC). This Firm has its headquarters at Kanika Interatinatinal Business Centre, 7th floor, 4 Profiti Ilia Street.

Min Deposit: $200

Maximum Leverage: 1:30

Commission: Yes

Trading Platform: C Trader, eToro Platform etc.

Tradable Assets: Currencies, Commodities, Stocks, Indices, Crypto, Bonds, Futures.

4.Exness

Exness was incorporated in 2008 and authorised by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CYSEC) and Financial Services Authority of Seychelles (FSA). This firm has its headquarters at Limassol, Cyprus. This broker has more than 1,20,000 active traders.

Min Deposit: $1

Maximum Leverage: 1:2000

Commission: No

Trading Platform: MT5

Tradable Assets: Currencies, Stocks, Indices, Crypto. 

5.Alpari 

Alpari was founded in 1998 and was relaunched in 2014 as Alpari International, and Al Accept Solution Limited operates it. This broker has its headquarter at Mauritius and is regulated by FSC. The broker offers several trading tools and 250+ tradable assets with popular meta trader MT4 and MT5 trading platforms.

Min Deposit: $5

Maximum Leverage: 1:1000

Commission: Yes

Trading Platform: MT4, MT5

Tradable Assets: Currencies, Commodities, Stocks, Indices, Crypto, Bonds, Futures.

6.Interactive Brokers:

Interactive Brokers was established in 1978 and is one of the largest US-based Discount Brokers. This broker is operated by multiple financial authorities globally. As this broker has a license from multiple top regulators, it is considered as a safe broker. This firm has a long and experienced track record and is a publicly listed company. This broker is one of the safe brokers to trade-in Ecuador.

Min Deposit: 0

Maximum Leverage:1:300

Commission: No

Trading Platform: MT4

Tradable Assets: Currencies, Commodities, Stocks, Indices, Crypto.

7.FXTM

FXTM was founded in 2011 and its also known as ForexTime, and it's authorised and regulated by, UK Financial Conduct Authority (FCA), Mauritius Financial Services Commission (FSC), and Cyprus Securities and Exchange Commission (CYSEC). This broker has its headquarters at Kato, Polemidia,4156, Limassol, Cyprus. This broker has done global expansion very rapidly with its specific customer support service.

Min Deposit: $10

Maximum Leverage: 1:30

Commission: Yes

Trading Platform: MT4, MT5

Tradable Assets: Currencies, Stocks, Indices, Crypto, Commodities.

8.HotForex:

Hotforex is a proprietary name of HF Markets Group and incorporated in 2010 under the license no F004885. The firm is regulated and authorised by multiple financial authorities like FSCA South Africa, CYSEC Europe, FCA UK, DIFC Dubai, and the FSA Seychelles. The firm has its headquarters in Larnaca 6057, Cyprus. Hotforex offers advanced trading tools and MT5 trading platforms with 21 different timeframes.

Min Deposit: $5

Maximum Leverage: 1:1000

Commission: No

Trading Platform: MT4, MT5 

Tradable Assets: Currencies, Commodities, Stocks, Indices, Crypto, Bonds, Futures.

Bottom Line:

All brokers above listed are safe. There are many other brokers, but according to our research criteria, these are the top 10 best online brokers in Ecuador. All these accept the local traders and local currency. Out of these top 10 brokers, 2invest and TradeATF are clear winners in comparison based on the tradable assets and trading tools and services.