Best forex brokers in El Salvador

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In recent years El Salvador, a small country on the Pacific coast of Central America is taking bold steps to improve its investment climate. Now there are no more restrictions on transferring funds in and out of the country and foreign companies can easily repatriate capital or bring in additional capital for the expansion of their investment activities.

All that reflects positively on the financial market of the country as a whole, including the emerging retail forex market, which remains largely unregulated.

Foreign based brokers can offer their services to traders in El Salvador without limitations. And yet as always in such cases our advice is to choose only among brokers, regulated by one of the well known and respected financial institutions in the industry, such as the the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC).

Among the regulatory authorities in the country we should note the Superintendent of the Financial System, which supervises the activities of all banks and non-bank financial intermediaries, financial conglomerates, stock market participants, insurance companies and pension fund administrators.

Here we should mention as well the Securities Market Law, which was adopted back in 1994, establishing the legal framework for the Salvadoran Securities Exchange, which actually opened some years earlier.

As far as the payment methods, along VISA and MasterCard, notable payment venues in El Salvador include Pagadito and 2Checkout.