Since 2011, we’ve traded with and reviewed over 150 brokers in Peru. To find the best brokers in Peru for you, we’ve dedicated over 50 hours per broker, exploring more than 250 factors across 9 key areas. We’ve then compared them to identify the top performers in various categories. With decades of combined experience, our team of trading experts provides reliable and trusted opinions.
CFD trading is rapidly gaining popularity in Peru, with a variety of brokers extending their services to clients based in the country. Forex trading is a legal practice and is devoid of specific regulations for brokers within the country. Therefore, clients based in Peru must rely on the foreign-regulated entities offered by their chosen broker.
Selecting the right broker is a crucial step to financial success. Traders should carefully assess key aspects, such as regulation, fees, available instruments, trading platforms, and more. FX Empire is an industry leader with over than a decade of experience reviewing forex brokers. Through our unique methodology, evaluating over 250 factors across nine key categories, we help you find the most suitable forex brokers for your trading goals.
Considering the different needs of traders, we have broken down this list into five primary categories.
To choose the best brokers in Peru, we used the FX Empire 250-point rating system to find the leaders in each category. We focused on the following key features:
Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. I then explored and analyzed all our findings along with my 16 years of experience in forex trading to select the best brokers for Peruvian traders in various categories. Here’s how we test.
Now, let’s explore the selected brokers.
Founded in 2007, IC Markets offers trading in forex, commodities, stocks, indices, and cryptocurrencies. The broker is regulated by ASIC, CySEC, and FSA Seychelles.
Regional Features:
My research showed that IC Markets provides a wide range of tradable instruments, including 2100+ stocks. Clients can choose between MetaTrader 4, MetaTrader 5, and cTrader. The broker’s research offering includes technical and fundamental analysis from the in-house team.
In addition, IC Markets provides access to the third-party research tools Trading Central and Autochartist, which are popular with advanced traders. IC Markets offers 15 deposit and withdrawal methods, available in multiple currencies, which is also important for serious traders. The broker also provides a free VPS service, which is useful for algorithmic traders.
I found that IC Markets offered tight spreads in both Standard Account and the Raw Spread account compared to the industry average. For example, EUR/USD spread at the Standard Account was 0.6 - 0.7 during my tests, while Gold spread averaged between 18 and 20. The commissions in the Raw Spread account were also competitive, which is important for active traders.
Founded in 2005, FP Markets is a multi-asset online CFD broker which offers trading in forex pais, commodities, stocks, ETFs, indices, and cryptocurrencies. FP Markets, which is headquartered in Australia, is regulated by CySEC, ASIC, and FSCA. The broker also has an unregulated entity registered in St. Vincent & the Grenadines.
Regional Features:
My research indicated that FP Markets provides a wide range of tradable instruments, including a huge stock offering, which is available via an IRESS account. The IRESS platform is a powerful tool for professional traders. Broker’s clients also have access to the popular MetaTrader 4, MetaTrader 5, and cTrader. FP Markets also provides VPS hosting, which is important for algorithmic traders.
My tests showed that FP Markets offers mid-to-low spreads compared to the broader industry. For example, EUR/USD spreads ranged between 1.0 and 1.2, while GBP/JPY spreads were in the 1.5 - 1.9 range. The broker does not have deposit and withdrawal fees, and also does not charge an inactivity fee.
Founded in 2011, FXTM offers trading in forex, indices, stocks, and commodities. The broker is regulated by FCA, CySEC, FSCA, and FSC Mauritius.
Regional Features:
FXTM provides access to the popular MT4 and MT5 platforms, as well as the in-house FXTM Trader mobile app. While MT4 and MT5 may present a learning curve that might seem a bit complicated for novice traders, the FXTM proprietary mobile app features a much more user-friendly interface. FXTM mobile app offers basic indicators, as well as news and analysis. The simplicity of the app provides beginner traders with an opportunity to start trading on the go within minutes.
The broker offers solid research support from its in-house team that covers both fundamental and technical analysis. The educational offering is also strong, which is important for beginner traders. FXTM offers articles, ebooks, and video content to help new traders master the waves of the markets. FXTM clients are assigned a dedicated customer solutions representative, which makes the interaction with the broker even easier.
My research showed that trading costs at the Micro account were average for the industry. For example, I found, the spread for gold varied between 36 and 45, while the spread for EUR/USD was 2. The Advantage account offered more competitive spreads but also charged commissions. The broker offers multiple deposit and withdrawal options, including local ones.
Founded in 2006, GO Markets offers trading in forex pairs, commodities, indices, and futures. The broker is regulated by CySEC, ASIC, and FSC Mauritius.
Regional features:
GO Markets offers a diverse selection of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. The broker's clients can benefit from activating MT4 Genesis, a suite packed with numerous functional add-ons. These include beneficial tools like the Sentiment Trader, which displays the current sentiment of a specific market, and the Correlation Trader, showing the correlation percentage between two charts. I find the Correlation Trader particularly useful, as measuring correlation without dedicated tools can be challenging. The tool is rather easy to set up, so if you are comfortable with MT4, you should have no issues using Correlation Trader or any other tools within the Genesis suite.
GO Markets also provides access to popular third-party research tools, including Trading Central, a-Quant, Myfxbook, Autochartist, and free VPS (for clients who meet volume requirements).
During my tests I found that GO Markets offered attractive spreads. For instance, the spreads for EUR/USD spreads were 1.1 - 1.2, while those for WTI oil were as low as 0.03. The broker’s tradable assets offering is quite limited, however, it offers access to the most popular items.
Founded in 2010, CPT Markets is headquartered in Belize and offers trading in forex pairs, commodities, stocks, indices, cryptocurrencies, and futures. The broker is regulated by FCA, FSCA, and IFSC Belize.
Regional features:
My analysis revealed that CPT Markets typically provide low-to-medium spreads compared to the broader industry. For instance, my tests showed that the spreads for WTI oil oscillated between 0.03 and 0.04, whereas for EUR/USD, spreads tended to hover around 1.6 to 1.7. Additionally, I was impressed by the low spreads for stocks, with Tesla's spread standing at 0.19 and Apple's at 0.17. It’s also worth noting that the broker’s accounts have zero commissions.
CPT Markets offers the popular MetaTrader 4 and MetaTrader 5 platforms. The broker offers multiple deposit and withdrawal methods, which are available in several currencies. CPT Markets does not charge deposit or withdrawal fees.
The in-house research and educational support are limited, but the broker offers the Trading Central tool for traders whose accounts exceed $1000. Trading Central is a comprehensive third-party analysis tool, which I find extremely useful for its technical analysis, sentiment analysis, and volatility analysis features.
Use our guide to choose the best forex broker in Peru according to your needs.
The process of choosing a broker begins with learning where your potential broker is regulated. Peru-based traders have access to the global entities of brokers. Such entities are usually regulated by offshore regulators.
Such regulators do not have strict limits on leverage, so traders will have access to high leverage levels. At the same time, they should not count on any compensation schemes, so if a broker has financial issues, they’ll be on their own.
Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.
As a Peru-based trader, you should understand the difference between various types of accounts.
Typically, most brokers provide access to MetaTrader4 and/or MetaTrader5. Those are sophisticated platforms with a variety of tools tailored mainly for experienced traders, hence, beginners may have to spend some time learning the ropes.
Some brokers have also developed in-house trading platforms. Usually, such platforms are focused on the needs of different levels of traders. They are easy to navigate and simple to use.
The choice of trading platform depends on personal preferences and trading experience. In my opinion, for novice traders it’s better to start with a user-friendly platform or a mobile app, whereas experienced traders typically opt for MT4/MT5. Read more about each trading platform in our detailed guides on the best MT4 brokers, best MT5 brokers, and best cTrader brokers.
Leverage provides traders with the opportunity to boost their profits through the use of borrowed funds. The greater the leverage, the higher your potential profits may be. However, leverage can be a double-edged sword; utilizing it can also amplify potential losses. Thus, beginners will be better off starting with low levels of leverage to avoid outsized losses.
The maximum potential leverage that the broker can offer is determined by the regulator. As Peru-based traders have access to broker’s global entities, they will deal with offshore regulators that do not put special limits on the leverage that is given to retail clients. Thus, the leverage can be as high as 1:3000. Note that it’s necessary to consider your risk tolerance and trading strategy before engaging in high-leverage trading. In addition, traders should note that offshore regulators offer fewer protections.
Based on my trading experience, I have outlined the five things to avoid when choosing a broker in Peru:
To safeguard yourself against forex scams, follow these essential guidelines:
Moreover, for a more guided approach, consider referring to our detailed list of trustworthy brokers categorized by jurisdiction, accessible here.
FX Empire, with a history dating back to 2010, has established itself as a reputable authority in broker reviews. Our extensive experience in evaluating CFD brokers, spanning over a decade, has led us to develop a meticulous and comprehensive review strategy. Adhering to stringent guidelines for editorial integrity, we consistently uphold our commitment to deliver unbiased evaluations.
We follow a diligent protocol for our review process, integrating objective criteria and quantifiable data. This methodical approach allows us to generate a justified score that accurately reflects the performance of a broker. Our mission is to provide traders with a thorough and unbiased review, empowering you to make well-informed decisions aligned with your specific needs.
To choose the best brokers for you, we rate them across nine categories and calculate a score that reflects their performance.
The categories include:
We open accounts, test platforms, measure spreads, and chat with support teams to collect as much data as we can for each broker. Overall, we evaluate brokers based on more than 250 distinct data points.
In this article, I focused on forex brokers that are best suited for Peruvian traders. I have given priority to brokers offering specific features, such as customer support and website accessibility in the Spanish language, the availability of local deposit and withdrawal methods, as well as bonuses and promotions tailored to Peruvian clients.
Every category receives a rating from one star (weak) to five stars (excellent). The broker’s total score depends on its performance in each of these nine categories.
We highlight each broker’s strengths and weaknesses, explain regulatory details, and share the results of our live tests of brokers’ fees, customer support, and trading platforms. To learn more about our review process, click here.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.