Which broker is better for Chile traders in 2026? Expert analysis across 12 categories.
For experienced retail traders in Chile, choosing the right forex broker is critical to managing costs and execution quality. FXTM (ForexTime) and InvestoPro are two brokers that cater to international clients, including those from Chile. FXTM, with a strong global reputation and a score of 4.3/5, offers a comprehensive range of trading instruments, competitive spreads, and advanced platforms. InvestoPro, scoring 3.8/5, is a newer broker that focuses on simplicity and low minimum deposits. Both brokers accept Chile traders and support local payment methods like Bank Transfer and Credit Card. However, for experienced traders in Chile who prioritize tight spreads, fast execution, and regulatory transparency, FXTM generally holds an edge. This comparison will help Chile traders evaluate which broker aligns better with their trading style and local requirements.
| Instrument | FXTM | InvestoPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | InvestoPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | InvestoPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | InvestoPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | InvestoPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $0 | InvestoPro |
For Chile traders, trading costs are a major factor, especially when trading in USD/CLP pairs or other major forex pairs. FXTM offers spreads from 0.1 pips on its ECN account, with a commission of $7 per lot round turn. InvestoPro’s spreads start from 0.5 pips on its standard account, with no commission. For high-volume traders in Chile, FXTM’s lower spreads result in lower overall costs, as the spread savings outweigh the commission. For example, trading 10 lots per month on EUR/USD, FXTM costs about $70 in commission plus spread costs, while InvestoPro’s wider spreads can add $100 or more. Chile traders using scalping strategies will benefit from FXTM’s tighter spreads and faster execution.
| Account Type | FXTM | InvestoPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✓ | ✗ |
| Min deposit | $200 | $0 |
| Entity / Asset | FXTM | InvestoPro |
|---|---|---|
| Chile (offshore) | Up to 1:3000 | Up to 1:500 |
| Forex major pairs | 1:3000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | FXTM | InvestoPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FXTM |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FXTM |
| Crypto CFDs | ✗ | 20+ | FXTM |
| Stocks / Share CFDs | ✗ | ✗ | InvestoPro |
| ETFs | ✗ | ✗ | Tie |
| Platform | FXTM | InvestoPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are the preferred platforms for experienced Chile traders due to their advanced charting, automated trading, and custom indicators. FXTM also provides its proprietary FXTM Trader app for mobile trading, while InvestoPro offers a web-based platform and mobile apps. For Chile traders who need fast execution and advanced tools, FXTM’s integration with MT4/MT5 is seamless, and its servers are optimized for low latency. InvestoPro’s platforms are functional but less customizable, making FXTM the better choice for professional traders.
| Factor | FXTM | InvestoPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | InvestoPro |
| Avg execution speed | ~30ms | ~40ms | FXTM |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
FXTM uses ECN/STP execution with no dealing desk intervention, offering fast order execution and minimal slippage. InvestoPro also uses STP execution but may experience higher slippage during volatile markets. For Chile traders who trade during overlapping sessions (e.g., London-New York), FXTM’s execution speed and reliability are superior, reducing the risk of requotes and ensuring better trade outcomes.
| Safety Factor | FXTM | InvestoPro |
|---|---|---|
| Primary regulator | FCA | CySEC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both FXTM and InvestoPro are not directly regulated by the CMF Chile, but they hold licenses from respected international bodies. FXTM is regulated by the FCA (UK), CySEC (Cyprus), and FSCA (South Africa), providing strong investor protection. InvestoPro is regulated by the FSA (Seychelles) and offers limited compensation schemes. For Chile traders, this means FXTM offers greater regulatory oversight and a higher level of security, especially for larger deposits. While both brokers are legal to use in Chile, FXTM’s multi-regulator status provides an extra layer of trust for experienced traders.
| Payment Method | FXTM | InvestoPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. | Card/e-wallet fast; bank transfer 1-3 days |
Chile traders can deposit and withdraw funds using Bank Transfer (local and international) and Credit Card (Visa, Mastercard). FXTM also supports e-wallets like Skrill, Neteller, and WebMoney, while InvestoPro focuses on bank transfers and cards. Minimum deposits at FXTM start at $100 (approx. 80,000 CLP), while InvestoPro requires only $50 (approx. 40,000 CLP). Withdrawals at both brokers are processed within 1-3 business days for bank transfers and instantly for e-wallets. FXTM charges no deposit fees, but bank transfer withdrawals may incur a small fee. InvestoPro also offers free deposits, but international bank transfer fees may apply. Chile traders should consider these costs when choosing a broker.
| Islamic Account Feature | FXTM | InvestoPro |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
For Muslim traders in Chile, both FXTM and InvestoPro offer Islamic (swap-free) accounts that comply with Sharia law by eliminating overnight interest charges. FXTM provides Islamic accounts on request for all account types, with no swap fees on positions held overnight. InvestoPro offers a dedicated Islamic account with similar conditions. Both brokers require a simple request process, and accounts are usually activated within 24 hours. Chile traders using Islamic accounts should note that some instruments may have limited availability or wider spreads to compensate for the lack of swap fees.
| Support Feature | FXTM | InvestoPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FXTM |
FXTM offers 24/5 multilingual customer support via live chat, email, and phone, with a dedicated team for Latin American clients. InvestoPro provides email and live chat support during business hours, with a more limited response time. For Chile traders, FXTM’s support in Spanish and its availability during local trading hours is a significant advantage, especially for urgent issues like account verification or withdrawal requests.
| Mobile Feature | FXTM | InvestoPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FXTM |
| Google Play rating | 4.3 stars | 4.2 stars | FXTM |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | FXTM | InvestoPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | FXTM |
| Economic calendar | ✓ | ✗ | Tie |
| Market analysis | Daily | Basic | FXTM |
Choose FXTM if you...
Choose InvestoPro if you...
For experienced retail traders in Chile, FXTM is the clear winner with a score of 4.3/5 compared to InvestoPro’s 3.8/5. FXTM’s tighter spreads, faster execution, stronger regulation (FCA, CySEC), and better support in Spanish make it the preferred choice for serious traders in Chile. While InvestoPro offers a lower entry barrier and simple account setup, its wider spreads and limited regulation may not suit experienced traders who trade frequently or with larger volumes. Both brokers support Bank Transfer and Credit Card deposits, which are popular in Chile, but FXTM’s additional e-wallet options add flexibility. Ultimately, for Chile traders prioritizing performance and security, FXTM is the superior choice.