Does anyone know of any decent trading firms/ market makers in Brazil or Panama? Or anywhere else in central or south America for that matter. Would greatly appreciate any info or tips!
Brazil may not be the best choice. Their govt. is imploding. They are trying to compel their president to resign. It's not unrealistic to think they could freeze money from leaving the country, especially foreigners. I recently read that the govt is taxing Brazilians 10 percent for trading Brazilian pesos? / reals? to dollars. It's not looking good. I just hope the Olympic games are successful.
Brazilian here. There's only one prop trading firm with decent standards, it's called LVL. It's rather small (less than 20 traders). You deposit R$3000 and they offer leverage as soon as you show consistent profitability. You can trade until your deposit is gone, but with daily loss limits. You can withdraw at anytime. IIRC, profit sharing is progressive, meaning you start with 50/50 and increase up to 80/20, as long as you meet the monthly "targets". If you can't reach the profit targets it stays at 50/50. Platform is Sterling Trader. You can trade locally with their computers and an excellent Internet connection or from your home. I can get in touch with the owner, if you need. And no, the country is not imploding, there's absolutely no risk of money freezing. That's what the media sells: panic. There will be a minor tax increase and everything will be alright. The political crisis is the worst, not the economic crisis.
Sorry, I did not mean to insult you. I was basing it on a couple of recent articles I have read. But fear sells stories, like you said. But that does not mean the authors knew what they were talking about. Good luck with the Olympics.