Is Forex Legal in Guatemala?

Forex trading is legal in Guatemala, operating within a regulatory framework overseen by the Superintendence of Banks (SIB), which is responsible for regulating the financial services industry (1). Guatemala maintains an open and unrestricted foreign exchange regime with no restrictions on converting or transferring funds associated with investments into freely usable currencies at market-clearing rates. The Central Bank of Guatemala (BANGUAT) only intervenes in the foreign exchange market to prevent sharp movements, allowing the exchange rate to move in response to market conditions.

The country's banking system remains stable with 18 commercial banks controlling approximately $63.8 billion in assets as of April 2023, according to the Superintendence of Banks (1). Since May 2001, banks have been permitted to offer accounts and conduct business in any foreign currency, providing flexibility for forex trading activities. However, regulatory authorities have implemented measures to combat money laundering and terrorism financing, including requirements for monthly deposits over $3,000 USD to be accompanied by sworn statements from depositors confirming legitimate sources of funds.

"Guatemala maintains an open and unrestricted exchange regime. There are no restrictions on converting or transferring funds associated with an investment into a freely usable currency at a market-clearing rate."

While forex trading is legal, Guatemala's regulatory framework continues to evolve with ongoing legislative efforts to strengthen financial sector oversight (1). The Central Bank intervenes minimally in foreign exchange operations, primarily to prevent excessive volatility rather than restrict trading activities (2). The reference exchange rate between Quetzals (GTQ) and the US dollar has remained relatively stable since 1999, providing a consistent environment for forex operations. Traders should ensure compliance with anti-money laundering regulations and be aware that deposits exceeding certain thresholds may require additional documentation to verify the legitimate source of funds.

Source:
https://www.trade.gov/country-commercial-guides/guatemala-trade-financing
https://www.banguat.gob.gt/en/page/foreign-exchange-balance

Last updated: 31-05-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.