LaTam FX Review

Is LatAm Scam or Legit Broker?

It is not safe to trade with LatAm. The broker does not hold any serious license, although it tries to pretend it has tight regulations. The truth is, the broker is registered in Seychelles. Seychelles is an offshore zone that does not oversee the activities of the registered firms. Also, the broker mentions their registered number with FSA as 133076, but we couldn’t find even that number too. 

• We do not recommend signing with an offshore or unregulated broker. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus the engagement in trading with such a company means the trader will believe only in the broker’s words, and of course, it is a high risk.

What is LatAm?

LatAm is a trading name used by the incorporated in Seychelles company Latam Global Markets Inc. which provides access to the trading range of Forex and CFD instruments. LatAm FX claims a developed and secure business environment that was maintained with the aim to have lasting relationships with its clients. The broker states its clear alliance with world-class banks and safe online transactions through the best guarantees. 

• However, while checking all information we realize that the company is regulated by none of the serious international authorities. This means there is no confirmation of any applied procedures, therefore the broker is non-licensed.

LatAm Review Conclusion

In any case, we never advise trading with an offshore or non-licensed broker, since the financial investment service they deliver is not trustable. Rather than involving with the risk of losing capital, we would recommend choosing among well-regulated and reputable companies. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FBS and BlackBull Markets.

LatAm Update

We found the LatAM website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert if any proposals come.