Forex Trading in Ecuador: Overview of the Ecuadorian FX Market and The List of TOP Regulated Brokers
The Republic of Ecuador is a country in northwest South America.
In the west, the territory of Ecuador is washed by the Pacific Ocean, in the north, it borders Colombia, and in the east and south on Peru. The country’s economy is based on the extraction and export of oil, which provides more than half of the country’s export earnings.
Ecuador’s dollarization in 2000 led to greater access to international capital and increased confidence in the Ecuadorian economy among international investors and traders.
Local residents finally felt economic growth, and lower inflation and freely entered the international forex market to make a profit not only on financial instruments related to domestic reserves of agricultural raw materials, oil, and the newly acquired currency, but also tried their hand at trading shares of the largest companies, significant indices, and less expensive derivatives.
In our new article, we have detailed the financial market in Ecuador, analyzed the most popular trading instruments, and made a list of reliable and regulated forex brokers who provide their clients with profitable bonuses up to $5000 on the first deposit.
Best Forex brokers and FX bonuses in Ecuador
Top Forex Academy
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