5 best trading platforms in Colombia for 2024

In this guide, our experts have rated the 5 best online brokers in Colombia to buy, sell and trade stocks for beginners.
By:
Updated: Apr 5, 2024
Listen

The Invezz team of expert traders, data analysts, and financial writers frequently test the best trading platforms & online brokers. Amongst a range of features, we ranked the top online brokers in Colombia according to their affordability, security, and available international markets.

Once we came up with a preliminary list, we surveyed our Colombian users to gather their thoughts and feedback on each of the top trading apps in Colombia.

Armed with that information we created a final ranking to answer the question: what are the best online brokers in Colombia for Colombian users?

What is the best stock trading app in Colombia?

Copy link to section

Our rankings reveal that the best online broker in Colombia is Plus500 .

Having assessed 100+ brokers, this list represents the three services that top our rankings as the overall best online trading platforms in Colombia. 

Sort by:

1
Min. Deposit
$ 100
Best offer
User Score
10
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2
Min. Deposit
$ 100
Best offer
User Score
9.9
Licensed and regulated by CySEC and FCA authorised UK Branch
Trade CFDs with tight spreads on big-name companies like Amazon, Facebook, Apple and many more
Offers 800+ instruments
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Klarna, Mastercard, PayPal, SEPA, Trustly, Visa, Volt, Wire Transfer, neteller, skrill
Full Regulations:
CySEC, FSA

71% of retail CFD accounts lose money.

3
Min. Deposit
$ 100
Best offer
User Score
9.9
Trade/invest in stocks with just $10
Invest for dividends and get payout on stocks on Ex-Dividend day
Over 11 payment methods, including PayPal
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Ideal, Klarna, Maestro Master, Mastercard, POLi, Przelewy24, Rapid Transfer, SEPA, Sofort, Trustly, Visa, Visa Electron, Wire Transfer, neteller, , , , , , , skrill
Full Regulations:
ASIC, CySEC, FCA

76% of retail CFD accounts lose money. Your capital is at risk.

Top 5 online brokers in Colombia, reviewed & compared

Copy link to section

1. Plus500. Best for international CFD trading*

From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Skilling. Best app for mobile trading

From 0.1%

Fees

$100

Minimum deposit

1,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Commission-free trades with competitive spreads from 0.7 pips Can trade over 800 securities across 17 global markets Regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Service Authority (FSA)
No 24/7 support

Overview

We love Skilling because it’s a beginner-friendly trading platform that makes stock trading accessible to everyone. You can trade 700 stocks commission free and the system is very portable, so you can trade from the app or on your desktop.

One of Skilling’s best features is its compatibility with TradingView, so you can chart trading ideas and then send them directly to your trading account. It also boasts plenty of other user-friendly software to make it easy to trade from your phone or your browser, including its proprietary Skilling Trader and the cTrader platform for professionals.

The fees: There are no fees for stock trading. Skilling makes its money on the Bid/Ask spread, and stock spreads start from 0.9%. Positions left open overnight will be charged swap charges, which vary depending on the size of the trade.

Highlights

Visit Skilling Skilling Review

71% of retail CFD accounts lose money.

3. eToro. Best for beginners, copy-trading & demo-account

0% commission

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

Highlights

Visit eToro eToro Review

76% of retail CFD accounts lose money. Your capital is at risk.

4. AvaTrade. Best regulated broker for secure trading

From 0.13%

Fees

$100

Minimum deposit

1,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Trade 1000+ CFDs with competitive spreads Regulated by Tier 1 financial bodies across the world Consistently highly rated trading platform on web and mobile Offers social trading through its proprietary AvaSocial platform
Spreads are competitive without being industry-leading Some assets are only available to trade through the MetaTrader software

Overview

We love AvaTrade because it offers powerful trading software to anyone who wants to trade professionally. AvaTrade is a CFD broker where you can trade more than 600 stocks from major global exchanges and all stock trades are commission free. 

AvaTrade integrates with trading software like MetaTrader 4 and 5 and boasts its own bespoke and award-winning mobile app software, AvaTradeGo. AvaTrade has been around since 2006 and is extensively regulated in Europe, Australia, Japan, British Virgin Islands, UAE, and South Africa.

The fees: There are no fees on any stock trading. AvaTrade makes money from the Bid/Ask spread instead. Stock spreads start from 0.13%. An inactivity fee of £50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

Visit AvaTrade AvaTrade Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

5. Pepperstone. Best low spread & no commission broker

pepperstone logo

0.20%

Fees

Minimum deposit

1,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Zero commission on trades Hedging, scalping, and crypto CFD trading available Lots of deposit and withdrawal options, including PayPal
No guaranteed negative balance protection in some jurisdictions No option to purchase stocks or bonds directly, only CFDs and spread betting available

Overview

We love Pepperstone because it’s a CFD broker with top tier regulatory protection. It’s regulated by the FCA in the UK and ASIC in Australia, two of the most respected financial bodies. You can safely trade 1000+ stock or ETF CFDs on Pepperstone, from the US, UK, German, and Australian markets.

Pepperstone’s high level of security makes it a good option for beginners, as does the fact it provides webinars to help you learn from the experts. For more experienced traders, you can access up to 5:1 leverage and integrate your trading account with four leading software platforms, including MetaTrader 4 and 5.

The fees: US stock trades are charged a $0.02 commission per share. UK and German stock trades are charged a 0.1% commission, while for Australian stocks, it’s 0.07%.

Highlights

Visit Pepperstone Pepperstone Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.7%of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Refer to our RDN and other legal documents. Pepperstone Markets Limited, SCB no. SIAF217.

How we chose the best online trading platform in Colombia

Copy link to section

Our reviewing panel is made up of industry experts, including Data Analyst, Dan Ashmore, CFA, our Editor of News, Harsh Vardhan, journalist Katya Stead, and expert trader, Prash Raval. The panel also includes an independent fact checker, Richard Stutely.

Here are the key factors that played into our final ranking of the best stock brokers in Colombia.

  • Fees. We prioritised Colombian brokers that offer commission-free trading, charge low trading fees, don’t charge deposit or withdrawal fees, and don’t charge any hidden fees.
  • Device availability. An online trading platform that is available across all devices as a mobile app deserves a boost. In a mobile world, you need the best stock trading app in Colombia to work across mobile, tablet, and desktop. 
  • Platform security. All services we recommend are regulated by respected financial institutions and provide investor protection in the event that anything goes wrong.
  • Free demo accounts. All the best stockbrokers in Colombia should offer the chance to test their service before you pay for it. We gave the brokers with the best demo accounts a boost in our rankings.
  • Access to global markets. International stock brokers in Colombia that allow you to invest in global markets, particularly popular ones like the United States, scored well in our reviews.
  • Trading and analysis tools. An online stock broker that offers analysis tools makes it easier to do all your research and trading in one place. Any online broker that offered this convenience scored well.
  • Third-party integrations. You might want to use a piece of downloadable, third-party software like MetaTrader 4, MT5, or cTrader to place your trades. The best trading software in Colombia should integrate with these services and those that did so received a higher ranking. 
  • Customer reviews. Finally, we looked into customer reviews, to make sure that we only recommend the best investment platforms in Colombia where the majority of Colombian customers had a positive experience.

Find out more about how we rate, rank, and review platforms.

More about stock trading platforms in Colombia

Copy link to section

What products can I trade with a Colombian stock broker?

Copy link to section

You can trade stocks from Colombia, or invest in leading companies from around the world. Here’s a breakdown of what (and how) you can trade financial markets with the best online brokers Colombia.

Stocks

  • Colombian stocks. One investment option is to simply buy and sell stocks that are listed in Colombia. Investing in the Colombian market is normally the most straightforward option for Colombian residents, as you can buy shares in any company that’s listed on a Colombian stock exchange.
  • US stocks. Some of the best known companies in the world are listed in the United States. The best online broker in Colombia will also let you invest in stocks that are listed on the NYSE or the NASDAQ exchange in the US, but it depends on the legal restrictions in Colombia.
  • International stocks. You may also be able to buy shares in companies that are based in the rest of the world. The best international brokers in Colombia offer global stocks, but it may be a limited selection. If you want to buy equities from outside Colombia or the US, be sure to check those stocks are available through your online broker before you sign up.

ETFs

ETFs (exchange traded funds) are investment funds that pool money together from lots of different investors and use it to track a particular index, like the S&P 500. Even if you can’t invest in every stock from every country, you can usually find an alternative in an ETF that tracks the performance of Colombia’s top stock exchanges and indexes. 

Mutual funds

Mutual funds are professionally managed investments. You buy shares in the fund through an investment platform and the manager decides what to invest it in. Typically, a fund manager chooses a mixture of global stocks, local Colombian stocks, and ETFs that track global indices from across the world.

Mutual funds and ETFs are similar, but the former are managed by a professional who tries to beat the market, while the latter buy and sell stocks automatically based on a set of fixed criteria. Typically a mutual fund charges higher management fees every year because of the extra work involved. The best stock broker in Colombia should allow you to invest in stocks from Colombia, as well as ETFs and mutual funds.

Futures and options

Futures and options contracts involve making an agreement to purchase a stock in the future at an agreed price. They’re favoured by stock traders and can be used as a way of speculating on how you think a company’s price might change in the future.

Other assets

Most trading platforms in Colombia offer a variety of assets alongside stocks, funds, and ETFs. With the best Colombian brokers you can create a diversified portfolio made up of leading global stocks, ETFs, cryptocurrencies, and dabble with trading currency pairs and commodities as well.

Compare the assets available with each of the top Colombian brokers below.

Product Plus500 assets Skilling assets eToro assets
Stock CFDs 1,800+ 954 3117
ETF CFDs 100+ 317
Forex CFDs 50+ 73 49
Crypto CFDs 40+ 63 73
Index CFDs 20+ 23 20
Commodity CFDs 20+ 21 26
View more > Plus500 > Skilling > eToro >

Note that all listed instruments on Plus500 are available to trade as CFDs.

You should keep in mind, however, that to invest in other financial products from Colombia, you may be better off using a different type of trading platform.

For example, for trading currency pairs you want one of the best forex brokers in Colombia, for cryptocurrencies like Bitcoin, the best crypto exchanges in Colombia. The best cfd brokers in Colombia offer a range of financial assets, including many of the options above.

How much does it cost to use the best online trading platforms in Colombia?

Copy link to section

It is normally free to sign up to a stock trading platform in Colombia. The main cost comes in the form of trading fees, which depend on the platform and on what you want to trade. Some of the best stock trading apps in Colombia offer completely free trading, while others charge a flat fee or commission per trade.

Here’s a comparison of the trading fees across our highest rated Colombian brokers.

Asset Plus500 fees Skilling fees eToro fees
Cryptocurrencies From 2% From 0.1pips 1%
Commodities From 0.04% From 0.4pips From 2 pips
Currencies From 0.8% From 0.1pips From 1 pip
Indices From 0.7% From 1.5 pts From 0.75 pts
Stocks From 0.08% From 0.1% 0% commission
View more > Plus500 > Skilling > eToro >

Another way an online broker in Colombia might charge you is via the spread. The spread is the difference between the buy and sell price of an asset, and effectively serves as a commission the broker is charging you on top of the market price. The smaller the spread, the better value you’re getting from your broker.

Here’s a comparison of the spreads across the top Colombian trading platforms.

Product Plus500 spreads Skilling spreads eToro spreads
Stock CFDs 0.10% From 0.1% 0.15%
ETF CFDs 0.10% From 0.1% 0.15%
Forex CFDs 0.8 pips From 0.1 pips From 1 pip
Crypto CFDs 2% From 1% 1%
Index CFDs 0.20% From 1.5 pts From 0.75 points
Commodity CFDs 0.50% From 0.4 pips From 2 pips
View all tradable assets > Plus500 > Skilling > eToro >

On top of the trading fees and spreads, there may be other charges for using your online broker account. These can include inactivity fees, where you’re charged if you don’t use your account for a period of time (usually 3-6 months), as well as overnight fees, which only apply if the broker is also a CFD platform, or even an account maintenance fee.

Here’s a look at the types of fees different brokers in Colombia charge, to give you a complete picture of the cost of trading with the top brokers in Colombia.

Fee Plus500 fees Skilling fees eToro fees
Trading fees No No Yes, on certain assets
Inactivity fees Yes No Yes
Rollover/overnight fees Yes Yes Yes, on CFDs
Withdrawal fees No Yes, for certain payment methods Yes
Spreads Yes Yes Yes, on certain assets
Conversion fees Yes Yes, for certain currencies Yes, for non-USD currencies
View more > Plus500 > Skilling > eToro >

Are stock brokers in Colombia regulated?

Copy link to section

Yes, online brokers have to be regulated in order to offer share dealing services. Ideally, you want to find a broker that offers top-tier regulatory protection either through your local regulator, or through an internationally recognised institution. 

The best brokers in Colombia are regulated by the Financial Superintendent of Colombia (SFC), which provides a license for these firms to operate and governs their actions in order to protect investors. Use the Financial Superintendent of Colombia (SFC) database to check if your favourite online broker is regulated to operate in Colombia.

On top of that, many online brokers in Colombia are based elsewhere but regulated to operate internationally through institutions such as CySEC (the Cyprus Securities and Exchange Commission). Here are the best online brokers in Colombia and where they’re regulated across the world.

Region Plus500 regulators Skilling regulators eToro regulators
Africa FSA FSAS
Asia
Australasia ASIC, FMA ASIC
Europe FCA, CySEC CySEC FCA, CySEC, DNB, AMF, OAM, MFSA
International FSA
North America FinCEN, FINRA
South America
View more > Plus500 > Skilling > eToro >

How much money do I need to start using an online broker in Colombia?

Copy link to section

Typically, the minimum deposit for each Colombian broker is the equivalent of $10. This is a manageable amount for most users, though you should also consider the minimum trade size on each platform. This governs the smallest investment you can make, so if you plan to invest small amounts then it is a crucial number to think about.

Compare the minimum and maximum trade sizes for each top broker in Colombia right here.

Product Plus500 minimum trade Skilling minimum trade eToro minimum trade
Stock CFDs $10 1 share $10
ETF CFDs $10 1 share $10
Forex CFDs 0.01 lots 0.01 lots $33.34*
Crypto CFDs $0.10 0.01 lots $10
Index CFDs $10 0.01 lots $1,000
Commodity CFDs $10 0.01 lots $1,000
View more > Plus500 > Skilling > eToro >

Which trading app in Colombia has the best user reviews?

Copy link to section

As part of our research process we gathered up reviews and feedback from Colombian users to help us finalise the rankings. Below is a summary of the feedback and ratings we received about each platform.

Review source Plus500 rating Skilling rating eToro rating
Trustpilot 4 4.2 4.4
Google Play Store 4.3 4.6 4.1
App Store 4.1 4.8 3.8
View more > Plus500 > Skilling > eToro >

How to buy stocks in Colombia

Copy link to section

Every stock trading app in Colombia is designed to help you invest with the minimum of fuss. 

Follow this six step guide to learn how to buy shares online in Colombia for the first time.

1. Find a Colombian trading app

Copy link to section

Compare the best online stock brokers in Colombia and choose your favourite from the list at the top of this page.

2. Create an account

Copy link to section

Once you’ve chosen the best broker Colombia, set up an account by supplying your email address and password. Fill in personal details like your name and address.

3. Verify the broker account

Copy link to section

Before you use an online trading platform in Colombia you need to verify your identity. Upload a copy of your driving licence or passport to do this. The verification process can take up to 24 hours, but is often much quicker than that.

4. Deposit money into your trading account

Copy link to section

You can make your initial deposit via a card payment, bank transfer, or an alternative payment method. Many of the best online brokers in Colombia accept PayPal and similar e-wallets, but you should check this ahead of time.

5. Search for a stock and place your trade

Copy link to section

Find the stocks you want to trade using their ticker symbol. Enter the details of your trade, and hit ‘buy’ to execute it.

6. Monitor your investment

Copy link to section

Check up on your investment regularly. Use the latest news and stock market research to help you decide when to sell your shares, and lock in a profit or loss.

Choose a broker

FAQs

Copy link to section
What’s the best broker for beginners in Colombia?
What’s the best investment platform in Colombia?
What’s the cheapest online broker Colombia with the lowest fees?
Which trading app is best in Colombia?
Which investment platform in Colombia has the best demo account?
What’s the safest broker in Colombia?
Is it legal to trade stocks in Colombia?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.