Status: Researched · based on direct email correspondence with PPI (Sofía and Thomas, May 2026).
What it is
Portfolio Personal Inversiones (PPI) is a well-established CNV-registered Argentine broker (an ALyC) — BCBA local equities, bonds, mutual funds and CEDEARs, like its peers. The platform is solid; the catch for a foreign individual is purely the tax-ID process.
The binding constraint (per correspondence)
Unlike Balanz, PPI does not process the CDI tax-ID for you. A foreign non-resident must appoint an Argentine resident as legal representative (power of attorney) to obtain it. From PPI directly:
“El proceso de onboarding lo va a poder hacer tranquilamente, lo que sucede es que luego el área de legales le va a solicitar que presente si o si el CDI y como usted no vive en Argentina va a tener que darle el poder a algún residente argentino para que lo represente en el país. Sin esos dos requisitos, no va a ser posible abrir su cuenta.” — Sofía, PPI
In translation: “You can complete the onboarding process without issue, but then our legal area will require you to present the CDI — and since you don’t live in Argentina, you’ll have to grant power of attorney to an Argentine resident to represent you in the country. Without those two requirements, it won’t be possible to open your account.”
A later message from Thomas at PPI confirmed it plainly: “We do not process CDIs; you must obtain a representative on your behalf.”
What this means in practice
PPI is only practical if you already have a trusted Argentine resident willing to act as your legal representative. For most foreign individuals without such a contact, PPI is not a viable path — Balanz, which handles the CDI itself, is meaningfully easier.
Communication: PPI corresponds only in Spanish — expect to translate, or to rely on a Spanish-speaking representative.
My take
A good, established broker let down (for non-residents specifically) by the CDI requirement. If you have an Argentine resident representative, PPI is perfectly viable — but you’re not saving any effort over Balanz unless you have a specific preference for PPI’s platform. Without that contact, choose Balanz.
Sources
- Direct email correspondence with PPI — Sofía and Thomas, May 2026 (primary source for the CDI / Argentine-representative requirement)
- PPI public materials: https://www.portfoliopersonal.com