Latin America's prop trading story — led by Brazil and Mexico, with Argentina and Colombia as the second wave.
LATAM closed 2025 as the industry's third growth region — behind MENA and APAC, but ahead of every developed market by a wide margin.
LATAM funded-account growth ran at 34% in 2025, with Brazil and Mexico contributing roughly two-thirds of the regional total. Argentine and Colombian trader-base growth, while smaller in absolute terms, posted the highest percentage gains.
Regulatory engagement remains light. CVM in Brazil has begun informal industry outreach; CNBV in Mexico has not. Operators should treat the current window as a strategic but time-limited opportunity.
Key Report Takeaways
- LATAM funded-account growth: 34% in 2025.
- Brazil and Mexico contribute ~two-thirds of regional volume.
- Argentina and Colombia lead percentage growth.
- Regulatory window is open but not indefinite.
- Regional overview
- Brazil deep dive
- Mexico deep dive
- The second wave
- Argentina & Colombia
- Payment & FX infrastructure
- CVM & regulatory window
- Outlook
Brazil deep dive
Brazil's trader base is mature, mobile-first, and platform-fluent. CVM's informal outreach signals that a formal regulatory conversation is months, not years, away. Operators with Brazilian footprints should prepare.
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