NEWS
AvaTrade expands into Colombia with new regulatory approval
AvaTrade , one of the world ’ s leading multi-regulated brokers , has officially received authorization from the Financial Superintendence of Colombia ( SFC ) to operate within the country .
AvaTrade now brings Colombian traders a trading experience focused on cutting-edge technology .
Daire Ferguson , CEO , AvaTrade Group , said : “ Our entry into Colombia marks a crucial step in our global expansion strategy and strengthens our regulatory presence in the LATAM market . Colombian traders can now access a world-class multi-asset platform offering CFDs , Options and Futures , enabling them to trade directly on major international exchanges like CME and Eurex .”
AvaTrade stands out for offering competitive trading conditions , with low spreads and zero hidden commissions , allowing traders to maximise their profitability in a fair and transparent environment . and security , ensuring they trade with confidence in a fully regulated environment . Additionally , we emphasise financial education by providing a wide range of resources dedicated to help traders enhance their skills and knowledge .”
Jeffrey Navarro , LATAM Regional Director , AvaTrade , said : “ The SFC ’ s proactive approach to financial regulation sets a benchmark for Latin America . With this authorization , Colombian traders can enjoy safer , more transparent options when participating in global markets . At AvaTrade , we prioritise our clients by offering premium service
Since its founding in 2006 , AvaTrade has grown into a leader in online trading with 20 offices worldwide .
Currently , AvaTrade supports over 400,000 registered traders who execute more than two million trades per month .
Medium to long term growth in LATAM electric vehicle market stays strong
term with an influx of new firms driving the competitive landscape and investment in the fast-growing market .
In February 2024 , Gogoro , the Taiwan-based electric two-wheeler firm , announced its entry into the Chile and Colombian markets .
The report says Chinese electric vehicle manufacturers , who are facing a slowdown in their home market and a higher tariff threat in the United States , are also focusing on markets in the region .
BYD and Great Wall Motor , two of the Chinese EV firms , BYD and Great Wall Motor , are building factories in Brazil .
Electric vehicle adoption in LATAM is expected to record a CAGR of 21.7 % during 2024 – 2028 , a report from ResearchAndMarkets . com reveals .
The report references Stellantis announcing an investment of € 5.6 billion from 2025 to 2030 in March 2024 – the largest ever investment in the LATAM automotive industry .
Overall , the electric vehicle market in the region will increase from US $ 1.4 billion in 2023 to reach US $ 3.8 billion in 2028 .
The investment will be deployed towards the launch of more than 40 new products and to develop new Bio-Hybrid technologies .
The report , providing a detailed data-centric analysis of the electric vehicle and charging infrastructure market , value and volume metrics covering market , expects to record strong growth over the medium
Further investment will be made in innovative decarbonization methods throughout the automotive supply chain and strategic new business opportunities .
10 INTELLIGENTCIO LATAM www . intelligentcio . com