#1
Bull Market Brokers S.A.
No RegulationArgentinaEst. 2000CNMV
Regulation
License
Spread
66.5Score
Eight firms in the WIKILIX records give a registered address in Argentina, and this page ranks every one of them by overall score. The most useful thing about the group is what it lacks: not one of the eight holds a licence from an Argentine authority. Argentina has no licensing regime for retail forex, so a Buenos Aires registration tells you where a company is incorporated and nothing about who supervises its trading.
Scores run from Bull Market Brokers at 66.5 down to invertirOnline at 16.7, with a median of 44.3. Six of the eight opened before 2010, and the oldest, Banco de La Pampa, has carried a recorded history since 1959. Three of the group sit under a cautionary status: Bull Market is marked no-regulation, while Banco de La Pampa and invertirOnline are both flagged offshore.
| Broker | Score | Opened | Licences on record |
|---|---|---|---|
| Bull Market | 66.5 | 2000 | CNMV, FINRA, SEC |
| GMA CAPITAL | 64.5 | 2016 | BaFin |
| A&C | 53.4 | 1976 | NFA |
| M&H | 45.5 | 2014 | SCA, ASIC, FSC |
| PPI | 43.1 | 1999 | CNMV |
| C&S | 34.8 | 2008 | CNMV |
| Banco de La Pampa | 20.6 | 1959 | FSC |
| invertirOnline | 16.7 | 2000 | FSC |
An Argentine registration is not a trading licence
The only thing this page selects on is the registered address, and that boundary matters more here than in most countries. The address and the licence almost never point to the same place. Argentina's securities regulator, the CNV, oversees the capital markets and publishes investor alerts, but it does not authorise leveraged currency trading, so no firm on this list can be Argentine-licensed for forex. What each firm holds instead sits somewhere else.
Where the eight are actually supervised
Read down the licence column and the pattern is plain. The regulators on record are foreign: Spain's CNMV against Bull Market, PPI and C&S; Germany's BaFin against GMA CAPITAL; the United States NFA against A&C; and a mix of Australia's ASIC, the UAE's SCA and an offshore FSC against M&H. Six of the eight carry at least one top-tier licence on record, though the labels do not always agree with one another. Bull Market lists Spain's CNMV and the US FINRA yet still sits under a no-regulation status. The two lowest-scoring firms, Banco de La Pampa and invertirOnline, hold only an offshore FSC entry. Treat every one of these as a claim to confirm on the named regulator's own register before you deposit, not as a settled fact.
The brokers Argentine traders actually use are not here
Anyone searching for a broker to trade with from Argentina will notice the familiar international names are absent. That is deliberate and correct. The large firms that accept Argentine clients are incorporated in Cyprus, Australia, the United Kingdom or an offshore centre, so they appear on those domicile pages, not on this one. Client acceptance is a separate question from where a company keeps its head office, and the WIKILIX records do not track which firms onboard residents of which country. A page built on a registered address cannot tell you whether a broker will take you as a client, and it would be dishonest to imply otherwise.
Before an Argentine address reassures you
- Identify the legal entity you would actually open the account with. The Argentine company may be a local presence while the trading account is booked against a foreign or offshore arm.
- Match the licences in the table to the regulator that supervises the entity taking your money, then confirm the number on that regulator's public register.
- Treat an offshore FSC entry, held here by Banco de La Pampa and invertirOnline, as a lighter form of oversight than a top-tier licence, not an equivalent one.
- Remember that a firm marked no-regulation in our records, such as Bull Market, may still advertise foreign licences; the two statements can coexist and both deserve checking.
8brokers on this list
Researched & ranked by the Wikilix team
- #2
GMA CAPITAL
RegulatedArgentinaEst. 2016BaFinRegulationLicenseSpread64.5Score - #3
A&C
RegulatedArgentinaEst. 1976NFARegulationLicenseSpread53.4Score - #4
M&H
RegulatedArgentinaEst. 2014SCA
RegulationLicenseSpread48.2Score - #5
Portfolio Personal de Inversiones S.A.
RegulatedArgentinaEst. 1999CNMVRegulationLicenseSpread43.1Score - #6
C&S S.R.L.
RegulatedArgentinaEst. 2008CNMVRegulationLicenseSpread34.8Score - #7
Banco de La Pampa
OffshoreArgentinaEst. 1959FSCRegulationLicenseSpread27.1Score - #8
INVERTIRONLINE S.A.U.
OffshoreArgentinaEst. 2000FSCRegulationLicenseSpread21.0Score
This list rebuilds itself from the WIKILIX records, so a firm that moves its registered address into or out of Argentina joins or leaves without anyone editing the page. The eight names and their scores reflect what we hold today, and the licences shown are what each firm records with us, any of which can change when a regulator updates its own register.
If where a company is supervised matters more to you than where it is incorporated, the regulator pages are the better starting point. A&C's NFA entry leads to our NFA regulated brokers list, and the same address-versus-licence split plays out on brokers based in the Marshall Islands, where no firm is locally regulated either, and on brokers based in Turkey. Individual profiles carry the full record: Bull Market tops the list and Banco de La Pampa is the longest-running of the eight.
Whatever a firm's Argentine address suggests, confirm its licence on the issuing regulator's register before you move any money.
Frequently Asked Questions
Frequently asked questions
Answers from the Wikilix research team about this ranking.
Most Popular Questions
It tells you where the company is incorporated and nothing more. It is not a statement about licensing, about who protects your funds, or about whether the firm will accept you as a client. On this list the address is genuinely Argentine while the licences are foreign, so treat the location as a starting point for your own checks rather than a verdict.
Because Argentina has no licensing regime for retail forex, a firm that wants to offer leveraged trading has to be authorised somewhere else. That is why the licence column here points to Spain, the United States, Germany and offshore centres rather than to Buenos Aires. The registered address stays Argentine while the supervision, such as it is, sits abroad.
Six of the eight carry at least one top-tier licence on record, held with regulators such as Spain's CNMV, the US NFA and FINRA, Germany's BaFin and Australia's ASIC. The two that do not, Banco de La Pampa and invertirOnline, list only an offshore FSC entry. Because none of these regulators is Argentine, the tier describes the foreign licence, not local oversight.
This page cannot tell you. It selects firms by where they are incorporated, not by which countries they accept clients from, and those are separate questions. Some firms registered in Argentina serve local residents while others do not, and our records do not track client acceptance. Check each broker's own account terms for the countries it onboards before you assume you are eligible.
Bull Market Brokers, at 66.5, just ahead of GMA CAPITAL at 64.5. The WIKILIX score reflects what we hold on each firm rather than any single test of trading quality. Bull Market tops the list even though it sits under a no-regulation status, which is a reason to read the licence column alongside the score rather than on its own.
Banco de La Pampa, with a recorded opening date of 1959, the oldest on the list by a wide margin. Six of the eight firms opened before 2010, and the two newest, M&H and GMA CAPITAL, date from 2014 and 2016. A long history is not a safety guarantee here: Banco de La Pampa carries an offshore status in our records.
None of the eight holds a licence from an Argentine authority. The CNV supervises Argentina's capital markets but does not authorise retail forex trading, so no firm here can be CNV-licensed for currency dealing. The licences these firms record sit with foreign regulators instead, and any claim to one should be checked on that regulator's own register.
Eight, as of today. Every firm on this page lists a registered address in Argentina and is ranked by its overall WIKILIX score, from Bull Market at 66.5 down to invertirOnline at 16.7. The count moves on its own as firms change their recorded address, so it reflects what we hold now rather than a hand-maintained total.