We found 11 online brokers that are appropriate for Trading Chile Investment Platforms.
In the Latin America region, the only country which is considered a role model in Chile. The country is known for its stable political situation as well as financial transparency. Exchanging 1 USD gives around 694 Chilean peso, which shows a weak currency. However, having a weak currency gives an incentive to the export sector & makes the products competitive in the international market.
In the region, Chile's economic growth is way ahead of other countries. This consistent growth over the last 10 years enabled Chile to lower its poverty rate. But latest brief from the World Bank shows that all of this progress could reverse due to coronavirus, which has decimated the middle-class in the country. The middle-class was not just affected from the health perspective... Job loss, business closure, and slowed economy also reduced the spending power of the middle class.
Roughly two million people were pushed below middle-class status in just a few months. This was followed by a tremendous increase in health expenditures, rising inflation, and unemployment.
All these things combined to form a recipe for disaster. This disaster could be seen in IMF's forecast, which tells us how a negative growth of 5.8% was recorded in 2020. Starting from 2021, a strong rebound in Chile's economy will be seen with possible GDP growth of 6.2%. In 2024, the growth will come down and become stable at 3.8%.
2024 forecast is based on an optimistic view that the world will return to normal. If vaccination fails to provide immunity or the world faces a shortage of COVID-19 vaccine, a revision in these economic forecasts will happen.
The government balance also turned negative and was recorded at negative 2.6% in 2020. In 2024, the IMF forecast for government balance is -39%.
For Chile, the pandemic caused economic problems in two different fields. The first pressure came from low demand and consumption worldwide. This was a direct result of lockdowns in most of the countries. The 2nd problem was raised due to volatile commodity prices, which negatively affected the export sector.
International Monetary Fund forecast for the gross debt of the government is 33.6% in 2021. In 2024, it may reach 36.8% as the government continues to spend on healthcare, vaccines, and economic stimulus.
As for the inflation rate, it is expected to stay around 3%. The 2020 data from IMF shows that the inflation rate in Chile was 3.0%. In 2024, the forecast for the inflation rate is 3.1 and 3.0%. Based on the forecast, the inflation rate is expected to remain stable, which directly translates to stable prices of products.
The central bank has set a 3% target for inflation & the forecast for the future also shows that inflation will stay close to the target. The government has already announced austerity measures to drop the inflation rate to 1.6% further.
Here's a quick rundown of some of the risk factors for Chile's economy:
The export of copper is the main revenue source for Chile. Therefore, any change in the copper price can affect everything related to the economy, such as income, wages, government budget, employment, and so on.
Having vast resources of important metal such as copper means nothing if it can not be utilized. To further fuel the growth and get out of the slow-growth cycle, Chile's government needs to find new trade partners in the Asian region.
As for COVID-19, the government's recent fiscal stimulus could improve the economic conditions. The stimulus is geared towards:
Job loss during the pandemic happened all over the world. As such, Chile has no exception as unemployment reached 10.8% in 2020. In 2021, the unemployment rate forecast is 9%. Similarly, the rate will further drop to 8.2% in 2024, according to IMF.
The taxation system of the country is not optimized to help the middle and lower-income classes. As such, a huge inequality and wealth disparity can be seen in the country. In the future, the government will need to readjust its policies to facilitate the middle-class and the lower-income class.
Diversification of energy generation is also a priority of the government. In the next 5 years, renewable energy (solar, wind, etc.) will generate 25% of the country's total energy requirement.
Agriculture is not a big sector as Chile is considered a highly industrialized country in Europe. As the country has vast reserves of copper & other minerals, most of the industries are in the mining sector. The country is also involved in the manufacturing of chemicals, food, wood, and so on.
The services sector accounts for more than half of the country's GDP. The three pillars of this sector are telecommunication, tourism, and retail.
We have conducted extensive research and analysis on over multiple data points on Chile Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Chile Economic Forecast. Below we shortlist what we think are the best Chile Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Chile Economic Forecast.
Selecting a reliable and reputable online Chile Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Chile Investment Platforms more confidently.
Selecting the right online Chile Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Chile Investment Platforms trading, it's essential to compare the different options available to you. Our Chile Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Chile Investment Platforms broker that best suits your needs and preferences for Chile Investment Platforms. Our Chile Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Chile Investment Platforms.
Compare Chile Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Chile Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Chile Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Chile Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Chile Investment Platforms that accept Chile Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR |
You can compare Chile Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Chile Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Chile Investment Platforms below.
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