List Of The Best Licensed Forex Brokers In Guatemala

The country’s financial markets, which includes the top forex brokers in Guatemala, are licensed and regulated by the Superintendencia de Bancos (SIB), or the Superintendent of Banks, which oversees the compliance of Guatemala forex brokers with the financial laws and regulations of the country. SIB is also responsible for the financial regulations of commercial banks and other financial institutions in Guatemala. Forex brokers in the country operate through regulated entities, which also include some of the largest players in the global forex and commodities markets. The national currency of Guatemala is the quetzal (GTQ). With deep economic ties to Mexico, forex brokers in Guatemala offer exotic currency pairs from the region, which include, but are not limited to, GTQ/USD, GTQ/MXN, etc. The country is also home to some internationally regulated forex brokers, with licenses from the likes of CySEC, the FCA, the CFTC, etc. When it comes to commodities, Guatemala’s major exports include sugar, timber, coffee, cotton, and livestock, among others. The developing country does not host a major commodities exchange and brokers allow traders to exchange international commodities, such as gold, silver, oil, etc.