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Pocket Option: What is buying stocks and how to multiply your capital in the Argentine market

11 April 2025
18 min to read
What is buying stocks: Exclusive strategies for Argentine investors in 2025

Understanding what is buying stocks opens real possibilities for wealth growth for Argentine investors seeking protection against inflation. This analyzes strategies that work specifically in the current Argentine economic context, with practical tools and approaches adapted to the local investor who wants to maximize returns in pesos and dollars.

Fundamentals: What is buying stocks in the Argentine context

Understanding what is buying stocks represents the first essential step for any Argentine investor looking to diversify their finances. In concrete terms, buying stocks means acquiring a real stake in publicly traded companies, thus becoming a co-owner with specific rights such as receiving dividends when the company generates profits or voting in assemblies on strategic decisions.

In Argentina, stock purchases acquire particular characteristics due to persistent economic volatility. For many Argentines, investment stocks constitute an effective shelter against inflation (which exceeded 100% in 2023) and the constant devaluation of the peso, structural problems that systematically erode the purchasing power of those who maintain savings in local currency.

Unlike traditional instruments such as fixed-term deposits that generally lose against inflation, buying stocks, which is a variable capital investment, can offer substantially higher returns over medium and long periods. Historical statistics show that while fixed-term deposits in Argentina have yielded approximately 80-90% annually in recent periods, some stocks in key sectors such as energy and exports have exceeded 120% in the same period.

Platforms like Pocket Option have revolutionized access to the Argentine stock market, allowing operations from initial amounts as low as $10,000 ARS, when traditionally sums exceeding $100,000 ARS were required. This democratization has transformed the investment landscape in Argentina, where previously only individuals with significant assets could effectively participate in the stock exchange.

Concept Definition Direct impact for Argentine investors
Stock Title representing partial ownership in a listed company Instrument with appreciation potential exceeding inflation (historically +10-15% real)
Dividends Distribution of corporate profits among shareholders Periodic income in pesos or dollars according to company policies (YPF paid dividends equivalent to 6.8% in 2023)
Volatility Amplitude of price oscillations in specific periods 30-40% higher than the Latin American average, creating buying opportunities in market overreactions
Liquidity Ease of buying/selling without significantly impacting the price Concentrated in 15-20 companies on the leading panel; essential to analyze average daily volume before investing

The functioning of the stock market in Argentina

To fully master what is buying stocks in Argentina, it is essential to understand the specific mechanisms of the local market. The main stock exchange center is BYMA (Bolsas y Mercados Argentinos), an entity that emerged in 2017 following the integration of the Buenos Aires Stock Exchange and the Securities Market, modernizing the operational infrastructure of the Argentine market.

In this financial ecosystem, operations are mandatorily channeled through Settlement and Clearing Agents (ALyC) authorized by the National Securities Commission (CNV). Technological platforms such as Pocket Option operate connected with these agents, offering intuitive interfaces that significantly simplify the process for retail investors, eliminating traditional technical complexity.

How the Buenos Aires Stock Exchange operates

BYMA’s operations take place at specific times: Monday to Friday between 11:00 and 17:00, with opening and closing auctions that determine reference prices. This auction mechanism is crucial for establishing fair valuations in a market characterized by high volatility and information asymmetry.

A distinctive aspect of the Argentine market is its segmentation into different panels according to capitalization and liquidity. The shares of the leading panel (known as Argentine “blue chips”) include references such as YPF, Grupo Financiero Galicia, Banco Macro, Pampa Energía, and Ternium Argentina. These represent the most accessible entry point for those just beginning to explore what is buying stocks, offering greater liquidity and lower buy-sell spreads.

Schedule Activity in BYMA Recommended strategy
10:30 – 11:00 Opening auction (pre-market) Avoid trading: high volatility and unstable price formation
11:00 – 13:00 First phase of continuous trading Optimal period for executing overnight programmed orders
13:00 – 14:30 Phase of lower activity (lunch) Low liquidity: avoid large orders that could move the market
14:30 – 16:30 Trading with influence from Wall Street opening Higher correlation with external markets: arbitrage opportunities
16:30 – 17:00 Closing auction Concentration of institutional volume: ideal time to liquidate large positions

A crucial operational peculiarity of the Argentine market is the distinction between “immediate cash” (CI) and “48-hour cash” (T+2) settlements. This difference directly impacts prices, typically generating a spread of 0.2-0.4% between both modalities. This knowledge is fundamental for optimizing entries and exits, especially in contexts of high volatility characteristic of the local market.

Investors using platforms such as Pocket Option access advanced analytical tools that facilitate the visualization of these differentials and allow implementing arbitrage strategies between different settlement terms, exclusive opportunities in the Argentine market that can generate additional returns of 5-7% annualized with controlled risk.

Types of investment stocks available to Argentines

Argentine investors have a diverse range of investment stocks, each category with peculiarities that must be carefully evaluated when building balanced portfolios. Understanding these differences is fundamental to comprehensively understanding what is buying stocks in the local context.

  • Ordinary shares: Grant voting rights and dividends according to results, representing the predominant category in BYMA (98% of issues).
  • Preferred shares: Prioritize dividend collection (generally with guaranteed fixed rates) but limit political rights, such as those issued by Telecom Argentina.
  • CEDEARs (Argentine Deposit Certificates): Allow access to foreign companies from Argentina with pesos, becoming the fastest-growing instrument (more than 300% in operations since 2020).
  • Argentine ADRs: Securities of local companies listed on Wall Street, offering international legal protection and dollar liquidity.

CEDEARs have experienced explosive growth, increasing their traded volume from $15 billion monthly in 2019 to more than $400 billion in 2024. This explosion responds to the need for portfolio dollarization during periods of exchange restrictions (“dollar clamp”), offering indirect access to foreign currency and exposure to leading global companies such as Apple, Amazon, or Microsoft directly from the local market and in Argentine pesos.

Differences between local shares and Argentine ADRs

A strategic decision for Argentine investors lies in choosing between local shares or ADRs of Argentine companies listed in international markets. This choice directly determines exposure to specific risks, applicable regulatory jurisdiction, and tax characteristics of the investment.

Characteristic Local shares (BYMA) Argentine ADRs (NYSE)
Trading currency Argentine pesos US dollars
Legal jurisdiction Argentina (CNV) United States (SEC)
Investor protection Limited (no effective class actions) Robust (collective demand mechanisms)
Exchange exposure Total (peso risk) Partial (dollar operation)
Operating hours 11:00-17:00 (Argentina time) 10:30-17:00 (New York time)
Average liquidity $50-100 million ARS daily for leaders $5-20 million USD daily
Operating costs 0.5-1.2% per operation 0.2-0.7% + international transfer costs

Comprehensive platforms like Pocket Option offer unified access to both local shares and ADRs and CEDEARs from a single account, eliminating the traditional fragmentation that forced operating with different brokers depending on the desired instrument. This integration allows implementing arbitrage strategies between the same asset listed in different markets, taking advantage of inefficiencies that frequently generate differentials of 2-5%.

Investment stocks in Argentine strategic sectors show characteristic behaviors linked to local macroeconomic factors. For example, energy companies such as YPF or Transportadora Gas del Sur typically experience significant revaluations (15-25%) in anticipation of tariff normalization, while exporting companies such as Aluar or Ternium Argentina show positive correlations (+0.78) with peso depreciations, functioning as natural hedges against devaluations.

Step-by-step process for buying stocks in Argentina

For those wondering what is buying stocks in practical and operational terms, we detail the specific process adapted to the current Argentine regulatory context. This procedure has been significantly simplified with digital platforms such as Pocket Option, which have reduced the account opening time from weeks to less than 48 hours in many cases.

  • Select a Settlement and Clearing Agent (ALyC) registered with the CNV or a platform connected with these agents such as Pocket Option.
  • Complete the account opening form with verifiable information (ID, address, tax situation, investor profile).
  • Perform identity validation through facial recognition or video call according to FATF/GAFI requirements.
  • Transfer initial funds via bank transfer exclusively from accounts owned by the investor.
  • Select specific instruments based on prior analysis and compatible with the documented risk profile.
  • Execute orders specifying type (limit/market), quantity, and settlement term.
  • Implement monitoring and risk management strategies adapted to local volatility.

A critical element frequently underestimated by Argentine investors is the cost structure, which directly impacts net profitability. These include explicit and implicit commissions that vary significantly between providers, potentially representing differences of up to 2% annualized in the final return of similar portfolios.

Concept Range in Argentina (April 2025) Annualized impact for typical portfolio
Commission per operation 0.4% – 1.3% according to broker and volume 1.6-5.2% annual for quarterly rotation
Market rights 0.01% – 0.03% (set by BYMA) 0.04-0.12% annual non-negotiable
Monthly custody 0.05% – 0.25% annualized on portfolio 0.05-0.25% cumulative independent of operations
Securities transfer $1,500-$5,000 ARS per specie (fixed fee) Variable according to transfer frequency
Debit/credit tax 0.6% on movements (Law 25,413) 0.6-1.2% according to frequency of funding/withdrawals
Income tax 5-15% on return according to asset type Direct reduction of final net return

Pocket Option has implemented a competitive commission structure ranging from 0.4-0.7% according to trading volume, significantly below the market average (0.8-1.1%). Additionally, it has eliminated custody costs for portfolios under $500,000 ARS, effectively democratizing access to the capital market for small Argentine investors.

A critical differentiating element for Argentine investors is the operation of conversion between pesos and dollars. The mechanisms of “MEP dollar” (Electronic Payment Market) and “cash with settlement” (CCL) allow legally accessing foreign currency through the purchase-sale of sovereign bonds with settlement in different currencies. This operation is completely legal and regulated, constituting the main route for dollarized investments, with typical differentials of 2-4% compared to the official exchange rate and daily volumes exceeding $80 million USD.

Investment strategies adapted to the local market

Fully understanding what is buying stocks in Argentina requires developing approaches specifically adapted to the peculiarities of the local market. Conventional strategies applied in developed markets must be recalibrated to consider factors such as chronic inflation (70% annual average in the last decade), exacerbated exchange rate volatility, and pronounced economic cycles characteristic of the Argentine economy.

  • Adapted value investment: Identify companies with inflation-adjusted P/E ratios below 8 (vs. 12-15 regional) and demonstrated capacity for real margin preservation in previous inflationary cycles.
  • Sectoral anti-inflationary coverage: Prioritize companies with proven ability to transfer cost increases to final prices (price-elasticity greater than 0.85) such as regulated utilities after tariff adjustments or basic consumer companies with dominant positions.
  • Strategic monetary diversification: Structure balanced exposure between peso assets with real appreciation potential (40-50%) and dollarized vehicles such as CEDEARs or ADRs (50-60%).
  • Dollarized dividend strategy: Focus on exporting companies that distribute dividends in dollars or linked to results in foreign currency, such as Ternium Argentina (dividend yield 5.8% in USD) or Cresud (4.2% USD).
  • Tactical trading in political cycles: Take advantage of historically documented overreactions to predictable political events, with average abnormal returns of 12-18% in 15-30 day windows.

How to analyze stocks in a high volatility context

Effective analysis of investment stocks in Argentina requires incorporating additional variables to those used in stable markets. Sophisticated investors combine complementary analytical methods specifically adapted to the peculiarities of the local market.

Analytical method Adaptations to the Argentine market Documented practical application
Fundamental analysis Inflation-adjusted ratios, hard currency valuation, cash flow discounting with differential rates according to exchange exposure YPF showed 38% undervaluation using reserve-adjusted NAV in Q1 2024 vs. traditional valuation
Technical analysis Indicators with increased sensitivity (expanded ATR), Fibonacci levels calibrated for local volatility, normalized relative volume Banco Macro exhibited consistent respect (92%) to calibrated Fibonacci retracements vs. 67% with standard parameters
Macroeconomic analysis Sector-specific correlations with local leading indicators, sensitivity to exchange rate gap, sectorized regulatory impacts Energy companies showed 0.83 correlation with tariff normalization expectations vs. 0.34 with general index
Sentiment analysis Local institutional positioning indicators, flows to/from dollarized instruments, options activity as an early signal Increases exceeding 85% in options volume anticipated directional movements in 78% of documented cases

Pocket Option has developed analytical tools specifically calibrated for the Argentine market, including screeners with inflation-adjusted parameters, alerts linked to local macroeconomic events (such as CPI publications or monetary policy decisions), and comparative visualizations between local and international quotes of the same asset that facilitate identifying arbitrage opportunities.

A particularly effective strategy for Argentine investors is the “indexed staggered accumulation” (a local adaptation of dollar-cost averaging), which consists of investing fixed amounts adjusted for inflation at regular intervals, regardless of market conditions. Empirical studies demonstrate that this strategy has provided returns 12-18% higher than active timing strategies during five-year periods in the Argentine market, mainly due to the difficulty of consistently anticipating movements in environments of extreme volatility.

Advantages and risks of investing in Argentine stocks

When deeply evaluating what is buying stocks in Argentina, it is essential to objectively contrast the potential advantages with the specific risks of this market. This balance must be continuously recalibrated in the face of changes in the country’s macroeconomic and regulatory conditions.

Among the empirically documented advantages are:

  • Valuations with structural discount: The Argentine market trades with discounts of 30-45% versus Latin American peers in metrics such as P/E, EV/EBITDA, and P/BV, creating significant revaluation potential in economic normalizations.
  • Explosive post-crisis recoveries: Historically, after periods of crisis, the Argentine market has experienced rebounds averaging 85-120% over 12-18 month horizons, significantly outperforming the regional average (35-50%).
  • Recurrent arbitrage opportunities: Inefficiencies between local and international quotes of the same assets generate exploitable differentials of 2-8% with high frequency (15-20 annual documented opportunities).
  • Proven inflationary coverage: Specific sectors such as energy, exporters, and real estate have consistently outperformed inflation in 3-year moving horizons (positive real returns in 78% of analyzed periods).
  • Efficient diversification: Historically low correlation (0.32-0.45) with global indices such as the S&P 500 or MSCI Emerging Markets, offering tangible diversification benefits for international portfolios.

However, the risks present considerable magnitudes:

  • Extreme volatility: Annualized standard deviation 1.8-2.2 times higher than the emerging markets average, with corrections that can reach 15-25% in periods of days in the face of macroeconomic or political events.
  • Asymmetric exchange risk: Potential for abrupt devaluations (20-40%) in short periods, with direct impact on returns measured in hard currency.
  • Unpredictable regulatory interventions: Regulatory changes with immediate implementation that can significantly alter operating conditions and sector valuations.
  • Concentrated and fragmented liquidity: 85% of volume is concentrated in fewer than 15 issuers, with the rest of the market suffering severe liquidity restrictions that hinder efficient entries/exits.
  • Limited institutional protection: Less developed investor protection mechanisms than in comparable markets, with less effective legal resources in the face of corporate conflicts or controversial corporate events.
Economic sector Specific opportunities Concrete sectoral risks
Energy Progressive tariff normalization (+40-60% real potential), unconventional resources in Vaca Muerta with export projection State intervention in tariff scheme, price controls on fuels, logistical limitations for export
Financial Expansion of financial intermediation from historically low levels (credit/GDP 12% vs. 45-60% regional), high margins in positive real interest rate environment Significant exposure to local sovereign debt, regulatory risk on active/passive rates, portfolio deterioration in recessionary scenarios
Agro-industrial Structural international competitiveness, world-class productive efficiency, natural beneficiary of devaluations Export duties (12-33% taxes), temporary export restrictions, exposure to adverse climate cycles
Technological Local talent globally recognized, companies with foreign currency billing, valuations lower than regional comparables (30-40%) Restrictions on dividend remittance, international competition for local talent, difficulties of scale in limited domestic market

Pocket Option provides specific risk management tools calibrated for the Argentine market, including advanced conditional orders (dynamic trailing stops, OCO), stress scenario simulators with local parameters, and early alerts linked to critical macroeconomic indicators that allow proactive response to deterioration in the investment environment.

A prudential strategy widely adopted by sophisticated investors in Argentina consists of implementing “cross hedges” through compensatory positions in negatively correlated assets. For example, complementing exposure to local shares sensitive to monetary policy (such as banks) with dollarized instruments that function as insurance against abrupt exchange rate depreciations, achieving significantly improved risk-return profiles versus pure directional positions.

Tools and platforms for Argentine investors like Pocket Option

To effectively implement strategies in investment stocks, Argentines currently have a technological ecosystem significantly more developed than five years ago. Pocket Option is particularly distinguished by its platform specifically adapted to the needs and particularities of the Argentine investor.

The most valued functionalities by local users in independent evaluations include:

  • Authentic multi-market integration: Unified access to BYMA, NYSE, NASDAQ, and more than 12 international exchanges from a single interface and account, eliminating traditional fragmentation.
  • Contextualized analytical tools: Technical indicators specifically calibrated for Argentine volatility, with optimized parameters that eliminate frequent false signals with standard configurations.
  • Macroeconomic alert system: Automatic notifications about critical local events (inflation data, BCRA decisions, fiscal announcements) with direct impact on valuations.
  • Adapted fundamental analysis: Ratios adjusted for inflation and real exchange rate that provide effective visibility on comparable historical valuations.
  • Strategy laboratory with backtest: Simulators that allow evaluating historical returns of specific strategies incorporating local variables such as exchange controls or specific taxes.
  • Comprehensive dollarization module: Optimized tools for MEP/CCL dollar operations with real-time visualization of spreads and opportunities.
Functionality Concrete advantage for Argentine investors Availability in Pocket Option
Multi-level real-time quotes Simultaneous visualization of prices in different markets for the same asset, identifying immediate arbitrage opportunities Included at no additional cost for active users (>2 monthly operations)
Integrated multi-currency conversion Automatic calculation of equivalences between positions in pesos, MEP dollars, CCL, and official, with real-time updates Native functionality with customizable visualization
Localized economic calendar Integration of Argentine macroeconomic events with quantified historical impact on different sectors Updated daily with probable impact analysis
Tax optimizer Recommendations for structuring operations minimizing tax impact according to current regulations and investor profile Available in Premium and Platinum plans
Specialized financial academy Educational content contextualized for Argentine investors, including practical cases from the local market Complete free library with weekly updates
Local scenario simulator Modeling of impact on portfolio in the face of specific Argentine events (devaluations, regulatory changes, restructurings) Exclusive tool with incorporated historical patterns

Financial education constitutes a fundamental pillar for Argentine investors, who must navigate an environment significantly more complex than counterparts in developed markets. Pocket Option has developed a comprehensive educational program specifically designed to explain what is buying stocks in the local context, incorporating documented practical cases of Argentine companies, proven strategies in inflationary environments, and updated tax considerations.

For more advanced investors, the platform offers algorithmic trading capabilities adapted to the local market, allowing programming automated strategies that respond to specific patterns of the Argentine market. The most implemented algorithmic strategies include ADR-local arbitrage, staggered accumulation in technical supports, and dynamic hedges against predefined macroeconomic events, with documented evidence of improvement in risk-adjusted returns between 5-9% annualized versus manual execution.

Mobile accessibility represents a critical factor in a volatile market like Argentina, where timely reaction to unexpected events can mean substantial differences in results. Advanced mobile applications integrate all the critical functionalities of desktop versions, with specific optimizations to allow quick executions and efficient monitoring on mobile devices, enabling effective investment management regardless of location or circumstances.

Conclusion: The future of stock investment for Argentines

Understanding in depth what is buying stocks in the Argentine context implies recognizing both substantial challenges and extraordinary opportunities that characterize this unique market. Despite persistent macroeconomic volatility, the Argentine stock market continues to offer valuable options for investors seeking to build resilient assets in the face of chronic inflation and strategically protect themselves against recurring devaluation cycles.

The accelerated financial digitization, decisively driven by innovative platforms such as Pocket Option, has genuinely democratized access to the capital market. Statistics show exponential growth: the number of active client accounts in Argentina went from approximately 400,000 in 2019 to more than 3.2 million in 2024, with minimum starting amounts reduced from $50,000 ARS to less than $10,000 ARS in many cases. This transformation has allowed investors from diverse socioeconomic profiles to access financial instruments previously reserved for privileged segments.

To effectively capitalize on these opportunities, Argentine investors should:

  • Develop deep knowledge about specific mechanisms of the local market, particularly exclusive operational aspects such as the dynamics of different types of financial exchange rates and their impact on valuations.
  • Implement multidimensional diversification strategies that balance exposure to different sectors, currencies, and jurisdictions, creating resilient portfolios in the face of various potential macroeconomic scenarios.
  • Stay rigorously informed about regulatory and tax developments, proactively anticipating changes that can significantly impact net returns.
  • Take advantage of advanced technological tools for analysis, monitoring, and continuous portfolio optimization, automating operational aspects to focus on strategic decisions.
  • Adopt disciplined countercyclical mentality, recognizing that Argentine extreme volatility frequently generates exceptional opportunities precisely when general sentiment is most negative.

The path to financial independence through stock investment in Argentina undoubtedly requires greater knowledge, discipline, and emotional resilience than in stable markets. However, those who manage to master the specific complexities of this market can access wealth growth opportunities significantly superior to those available in more predictable but lower potential environments.

Specialized platforms such as Pocket Option will continue to evolve to offer increasingly personalized solutions to the Argentine investor, combining global accessibility with deep local knowledge. This convergence between advanced technology and contextualized expertise will decisively contribute to the development of a more sophisticated, transparent, and accessible investment ecosystem, allowing more Argentines to effectively participate in long-term value creation opportunities.

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FAQ

What is buying stocks exactly and how does it work in Argentina?

Buying stocks means acquiring a real stake in a publicly traded company, becoming a co-owner with rights to dividends and votes in assemblies. In Argentina, this process is carried out exclusively through Settlement and Clearing Agents (ALyC) regulated by the CNV, either directly or through platforms like Pocket Option that operate connected with these agents. Operations are executed on BYMA during the hours of 11:00 to 17:00, with settlements that can be immediate (CI) or in 48 hours (T+2).

What taxes must I pay when investing in stocks in Argentina?

Stock investments in Argentina are subject to several taxes: 1) Income Tax: 5% for Argentine stocks and 15% for foreign ones on the difference between sale and purchase price; 2) Debit and Credit Tax: 0.6% on money movements to/from the client account; 3) Personal Assets: if holdings exceed the non-taxable minimum; 4) There is no VAT on stock trading. Platforms like Pocket Option offer tax optimization tools to efficiently structure operations within the legal framework.

How do stocks work in terms of profitability and how can I maximize it in the Argentine context?

Stocks generate returns through two channels: capital appreciation (difference between purchase and sale price) and dividend distribution. In the Argentine context, to maximize returns it is essential to: 1) Select companies with proven ability to pass inflation on to prices; 2) Diversify between peso assets with high potential and dollarized coverage (CEDEARs); 3) Minimize operating costs by comparing commissions between brokers; 4) Implement an "indexed staggered accumulation" strategy instead of trying "timing"; 5) Systematically reinvest dividends to take advantage of compound interest.

What is the difference between local shares, CEDEARs and ADRs, and which is convenient for Argentine investors?

Local shares are securities of Argentine companies listed on BYMA in pesos; CEDEARs are certificates representing foreign shares traded in pesos in the local market; and ADRs are certificates of Argentine companies listed in dollars in international markets. The convenience depends on the profile: conservative investors may prefer CEDEARs of stable companies as protection against devaluation; moderate profiles can combine CEDEARs with local shares of exporters; while aggressive investors can focus on local shares of sectors with recovery potential after crises. Pocket Option allows access to all these instruments from a single platform.

Is it safe to invest in stocks in Argentina and how can I protect my investment?

Investing in Argentine stocks carries specific risks but there are mechanisms to increase security: 1) Operate exclusively with ALyCs registered with the CNV or connected platforms like Pocket Option; 2) Verify that securities are kept in custody of Caja de Valores (central depository); 3) Implement hedging strategies through compensatory positions; 4) Establish stop-loss orders adapted to local volatility; 5) Diversify across sectors and currencies; 6) Maintain a long-term perspective to overcome negative cycles; 7) Continuously educate yourself about particularities of the local market. Current regulations offer reasonable protection for retail investors, although inferior to standards in developed markets.

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