Compare forex brokers
for trading in Chile

There is no ban on an individual in Chile trading with international brokers. Since 2024, the Fintech Law (Law 21,521) has brought services such as financial instrument intermediation and trading platforms under the supervision of the CMF (Comisión para el Mercado Financiero), which must register in the Registry of Financial Services Providers. Even so, most international brokers serve Chilean clients through offshore entities, without local registration. The CMF periodically publishes alerts about entities and platforms offering investment services without being registered or authorised. When choosing a broker it is worth weighing not only the regulator but its overall reputation: years on the market, absence of major scandals and regulatory fines, transparency of terms, and the volume and nature of reviews from real users. See the methodology for details.

International brokers typically accept Visa and Mastercard cards, bank transfers and e-wallets (Skrill, Neteller); some also accept USDT. Local Chilean methods, such as instant bank transfer via Khipu, are not supported by every broker. The options depend on each broker. The exact list of methods and their conditions, including processing times and fees, is listed in the payments section on each broker's page.

In Chile, forex and CFD profits earned with a broker abroad count as foreign-source income and are taxed under the Global Complementary Tax (Impuesto Global Complementario), a progressive annual tax for individuals resident or domiciled in Chile: income up to 13.5 UTA is exempt and the top marginal rate reaches 40%. The broker does not withhold it, so you calculate and declare it yourself in the annual tax return (Operación Renta, filed in April) on Form 22; foreign investments are also reported on Sworn Statement 1929 (Declaración Jurada 1929), and amounts in foreign currency are converted at the Banco Central exchange rate as of 31 December. For your own situation, confirm the details with a tax adviser or on the SII website (www.sii.cl).

The available level depends on the broker, the instrument and the account type, and is set by the broker according to the regulator of its jurisdiction: it can range from 1:1 to very high values. Chile's local regulation does not set a retail leverage cap like those that apply in the European Union. Exact values are on each broker's page. Note that higher leverage increases the risk of losing the deposited capital quickly.

First, file a written complaint with the broker's support and keep all correspondence. Regulators usually require you to exhaust the internal procedure first and wait the prescribed response time. In Chile, the CMF supervises providers registered under the Fintech Law and publishes alerts about entities that are not registered or authorised; SERNAC (the national consumer protection agency) handles consumer complaints in financial services. Most international brokers serve Chilean clients through offshore entities: if the internal procedure does not resolve it, the next step is to complain to the regulator of the jurisdiction where the broker is authorised. The chances of receiving compensation in case of insolvency depend on the broker's regulator and jurisdiction.