List of Top Forex Brokers In Peru
Below, you can explore and choose any of the tested and trusted forex brokers available for Peruvian traders:
1. Exness
Exness, founded in 2008 and headquartered in Limassol, Cyprus, stands as a reputable forex and CFD broker, catering to over 400,000 active clients spanning Asia and Europe. Regulated across various jurisdictions, Exness facilitates trading in currencies, cryptocurrencies, stocks, indices, and commodities.
Features
- Regulated by FSA Seychelles, FSCA South Africa, BVI FSC, FSC Mauritius, CMA Kenya, FCA UK, and CySEC.
- Available in multiple languages.
- Offers trading in various instruments.
- No minimum deposit required.
- Provides Market Maker and No Dealing Desk services.
- Trading Platforms: MT5, Proprietary, and MT4 platforms.
- Deposit and withdrawal options include various methods.
Pros
- Diverse deposit and withdrawal methods.
- Competitive spreads on forex pairs.
- Round-the-clock customer support.
- A wide array of account options.
- Free VPS hosting service.
- Social trading features are readily accessible.
- Seamless integration with third-party tools.
Cons
- Unavailable for retail clients in Europe and the UK.
- Limited regulatory oversight in specific regions.
Exness delivers a comprehensive trading environment characterized by stringent regulation, extensive instrument offerings, competitive pricing, and cutting-edge platforms. Register on Exness to enjoy its continuous support and integrated features and it also accommodates traders of all skill levels around the clock.
2. Vantage
Vantage, established in 2009 with its headquarters in Australia, operates as a forex and CFD broker under the regulation of ASIC and FSCA in South Africa, granting access to over 940 instruments spanning various asset classes.
Features
- Regulated by FSCA South Africa, CIMA Cayman Islands, ASIC Australia, and VFSC Vanuatu.
- Supported Languages: English, French, Arabic, Italian, Spanish, Chinese, Greek, Malaysian.
- Products: Currencies, Stocks, ETFs, Crypto, Indices, Commodities, Futures.
- Minimum Deposit: $50.
- Maximum Leverage: Varies by regulatory jurisdiction.
- Trading Desk Type: ECN, No dealing desk.
- Trading Platforms: MT4, MT5, ProTrader.
- Deposit and withdrawal options include a wide range of methods.
Pros
- Wide selection of trading platforms.
- Extensive educational resources are available.
- Raw spreads are offered across various markets.
- Advanced ProTrader features to enhance the trading experience.
Cons
- Potential for delayed order execution times.
- Slightly higher swap fees may be incurred.
- Compensation scheme limited to one entity.
To register with Vantage, traders can explore its competitive pricing and diversified range of lower-risk securities, making it an attractive option for both day traders and position traders. However, traders engaging in high-frequency strategies like scalping may find the execution speeds less favorable.
3. FM markets
FP Markets, established in 2005, is an internationally recognized brokerage firm operating under multiple regulations. It provides a variety of trading options, including CFDs on forex, stocks, indices, commodities, and cryptocurrencies across platforms such as MetaTrader4&5, cTrader, Iress, Mottai, and TradingView.
With competitive fees, rapid execution, and a wide selection of assets, FP Markets caters to the requirements of seasoned traders.
These attributes are enhanced by advanced functionalities such as automated trading and Direct Market Access, complemented by acclaimed research resources from Trading Central and Autochartist.
Features
- Regulation: Regulated by the FSCA in South Africa, ASIC in Australia, and CySEC in Cyprus.
- Supported Languages: English, Russian, French, Indonesian, Dutch, Portuguese, Thai, Polish, Arabic, Hungarian, Bulgarian, Italian, Spanish, Chinese, Japanese, Greek, Vietnamese, German, Korean, Malaysian, and 15 additional languages.
- Products: Currencies, ETFs, crypto, bonds, indices, and commodities.
- Minimum Deposit: For minimum deposit requirements, please refer to the platform or contact customer support for details.
- Maximum Leverage: 1:500 under FSCA regulation, 1:30 under ASIC regulation, and 1:30 under CySEC regulation.
- Trading Desk Type: FP Markets operates with a no-dealing desk trading desk type.
- Trading Platforms: Trading platforms available include MT5, cTrader, IRESS, MT4, and Mottai.
- Deposit Options: Deposit options at FP Markets include PayPal, wire transfer, Skrill, Neteller, credit card, Bpay, broker-to-broker, debit card, and PayID.
- Withdrawal Options: Withdrawal options include wire transfer, Neteller, Skrill, and PayPal.
Pros
- Competitive pricing
- Wide array of trading instruments
- Dedicated Account Managers
- Round-the-clock multilingual assistance
- Mirror trading
- Access to Autochartist and Trading Central tools
- VPS hosting services
- Collaborative partnership initiatives
- Extensive educational resources
Cons
- Unregulated offshore entity
- Absence of a proprietary trading platform
FP Markets, a veteran in the CFD industry with 20 years of experience, has established itself as a go-to choice for seasoned traders seeking top-notch resources and trading conditions.
This Australian brokerage offers competitive spreads, swift order execution, sophisticated platforms, and minimal fees, all while maintaining strong customer support and research offerings. Based on our review, FP Markets emerges as an exemplary broker, delivering a comprehensive service that excels across various aspects.
4. IC Markets
Founded in 2007, IC Markets stands as a veteran in the forex and CFD industry, boasting over 180,000 active clients worldwide and a staggering US $1.2 trillion in trading volume as of March 2023, firmly establishing itself as a market leader.
Based in Sydney, Australia, IC Markets offers access to trading in over 2250 CFDs on various asset classes including currency pairs, commodities, indices, shares, ETFs, futures, and cryptocurrencies.
Features
- Regulated by FSA (Seychelles), ASIC (Australia), CySEC (Cyprus)
- Supported Languages: English, Russian, Indonesian, Portuguese, Thai, Arabic, Italian, Spanish, Chinese, Vietnamese
- Products: Currencies, Stocks, ETFs, Crypto, Bonds, Indices, Commodities, Futures
- Minimum Deposit: $200
- Maximum Leverage: 1:500 (FSA), 1:30 (ASIC), 1:30 (CySEC)
- Trading Desk Type: ECN, No dealing desk
- Trading Platforms: MT5, cTrader, MT4
- Deposit Options: Wire Transfer, Neteller, Skrill, Credit Card, PayPal, Visa, Mastercard, Union Pay, Bpay, Broker to Broker, Poli, Klarna, Local Deposit
- Withdrawal Options: Wire Transfer, Neteller, Skrill, Credit Card, PayPal, Visa, Mastercard, Union Pay, Bpay, Broker to Broker, Poli, Klarna, Local Transfer
Pros
- Low cost of trading
- Fast order execution
- Robust platforms and tools
- Strong variety of tradable instruments
- Free VPS
- $1M insurance via Lloyds of London
- No inactivity fees or withdrawal fees
Cons
- Trading platforms have a learning curve
- The global brand has light regulatory oversight
IC Markets has rightfully earned its place among the world’s top forex and CFD brokers, with its exceptionally low trading costs and first-class trade execution, backed by cutting-edge platforms, low latency connectivity, and ample liquidity.
5. XTB
XTB, established in 2002 and headquartered in Poland, provides a diverse array of trading instruments including forex, shares, indices, commodities, and cryptocurrencies.
Features
- Regulated by FCA UK, CNMV Spain, KNF Poland, FSC Mauritius, and CySEC.
- Available in 15 languages.
- Offers trading in various instruments.
- $0 minimum deposit requirement.
- Provides Market Maker and STP services.
- Trading Platforms: MT4 and xStation 5 platforms.
- Deposit and withdrawal options include various methods.
Pros
- Regulated by multiple prestigious regulatory bodies.
- Competitive pricing structure.
- A dedicated personal account manager is provided.
- Negative balance protection is available in EU/UK regions.
- Advanced and reliable trading platform offered.
- Extensive research resources are accessible.
Cons
- Withdrawals are exclusively processed through bank transfers.
- A limited selection of trading platforms is available for clients.
XTB emerges as a compelling choice for traders of all experience levels, offering innovative features such as the heatmap, scanners, and traders statistics tool within the xStation 5 platform. With low fees and tight spreads, XTB facilitates trading success across the board.
6. Iron FX
IronFX, a forex and CFD broker, caters to over 1.5 million clients worldwide, offering access to more than 500 tradable instruments across various asset classes.
Noteworthy for its balanced selection of instruments, including CFDs on forex pairs, commodities, shares, indices, and futures, IronFX provides seven retail account types with typically low-to-medium cost structures. Additionally, it offers a comprehensive range of research and educational materials.
Features
- Regulations: FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa)
- Supported Languages: Korean, English, Russian, French, Portuguese, Arabic, Spanish, Chinese, Croatian, Farsi, Japanese, German
- Products: Currencies, Stocks, Crypto, Indices, Commodities, Futures
- Minimum Deposit: $0
- Maximum Leverage: 1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA)
- Trading Desk Type: STP
- Trading Platforms: MT4
- Deposit Options: China UnionPay, Wire Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, SafetyPay, Credit Card, PerfectMoney, E-wallets, Paysafe
- Withdrawal Options: Wire Transfer
Pros
- Wide range of tradable instruments
- Diverse account types
- Excellent research and educational materials
- Fast order execution.
Cons
- Lack of diversity in platform choice
- Phone support available only for active clients
IronFX, headquartered in Cyprus with offices in the UK, South Africa, and elsewhere, has established itself as a reliable broker over the last decade, providing access to over 500 tradable instruments suitable for traders of various experience levels and trading strategies. Regulated in several jurisdictions, including CySEC and FCA, IronFX offers versatile account types with competitive spreads and commissions.
7. Avatrade
Avatrade, founded in 2006 in Ireland, stands as a prominent forex and CFD broker with multiple licenses and an extensive offering of over 840 CFDs and vanilla options.
Features
- Regulated by FSCA South Africa, CBI Ireland, ASIC Australia, and FSA Japan.
- Available in multiple languages.
- Offers trading in various instruments.
- Maximum Leverage Up to 1:30 for most regions.
- Provides Market Maker and Dealing Desk services.
- Trading Platforms: AvaTradeGo, AvaOptions, AvaSocial, MT5, Proprietary, MT4, WebTrader, and DupliTrade.
- Deposit and withdrawal options include various methods.
Pros
- Holds various Tier-1 regulatory approvals.
- Offers risk mitigation tools.
- Provides a selection of trading platforms.
- Allows trading in CFDs and Vanilla options.
- Competitive pricing structure.
Cons
- Imposes a high inactivity charge.
- Offers only a single account option.
Recognized as one of the top Forex brokers globally in 2024, AvaTrade stands out as an ideal choice for technical traders of all experience levels. Traders can register on Avatrade to enjoy its market-making function, which particularly suits high-frequency trading. This feature is even more beneficial for day trading and position trading, thanks to its favorable low swaps.
8. Markets.com
Markets.com, established in 2009, stands as a versatile online CFD broker offering a broad spectrum of assets, including forex pairs, commodities, indices, cryptocurrencies, stocks, ETFs, and bonds.
Features
- Regulated by multiple authorities, including FSC Mauritius, FSCA South Africa, CySEC Cyprus, ASIC Australia, and FCA UK.
- Supported Languages: English, French, Arabic, Bulgarian, Italian, Spanish, German.
- Products: Currencies, Stocks, ETFs, Crypto, Bonds, Indices, Commodities, Futures.
- Minimum Deposit: $100.
- Maximum Leverage: Varies by regulatory jurisdiction.
- Trading Desk Type: Market Maker, STP.
- Trading Platforms: MT5, Proprietary, MT4.
- Deposit and withdrawal options include Wire Transfer, Skrill, Neteller, and Credit Card.
Pros
- Governed by three Tier-1 regulatory bodies.
- Offers robust research and educational resources.
- Provides an intuitive proprietary trading platform.
- Tailored privileges for seasoned traders with larger deposits.
Cons
- Trading costs exceed the standard industry rates.
Registering on Markets.com opens doors to trading opportunities across various markets, with the platform standing out for its extensive selection of instruments. However, the broker’s overall fees are above the industry average.
9. Pepperstone
Founded in 2010 by a team of seasoned traders, Pepperstone is a Melbourne, Australia-based forex and CFD firm that boasts over 400,000 clients and handles an average of US $12.55 billion in daily trades, placing it among the global industry leaders.
Features
- Regulations: FCA (United Kingdom), BaFin (Germany), ASIC (Australia), DFSA (United Arab Emirates), CMA (Kenya), SCB (Bahamas), CySEC (Cyprus)
- Supported Languages: Multi-lingual
- Products: Currencies, Stocks, ETFs, Crypto, Indices, Commodities, Futures
- Minimum Deposit: $0
- Maximum Leverage: 1:30 (FCA), 1:30 (BaFin), 1:30 (ASIC), 1:30 (DFSA), 1:2000 (CMA), 1:200 (SCB), 1:30 (CySEC)
- Trading Desk Type: ECN, No dealing desk, STP
- Trading Platforms: MT5, cTrader, MT4, TradingView
- Deposit Options: Wire Transfer, Visa, Mastercard, PayPal
- Withdrawal Options: Wire Transfer, Visa, Mastercard, PayPal.
Pros
- High trust rating.
- Wide selection of available platforms.
- Fast order execution.
- Webinars conducted by expert traders.
- Extensive range of tradable instruments.
- 24/7 customer service.
- VPS hosting is available.
- Integration with third-party tools such as Capitalize.ai and Autochartist.
- Custom indicators and Expert Advisors for MetaTrader 4 and 5.
Cons
- Some Standard Account spreads slightly lag industry leaders.
Pepperstone emerges as a formidable broker in the industry. Despite its dominance in the competitive marketplace, I found it challenging to pinpoint any significant faults with this Australian CFD industry giant. Pepperstone consistently performs above average across various aspects, excelling particularly in customer support and education, without compromising on other essential factors.
10. XM
Established in 2009, XM Group, known as “XM,” specializes in forex and CFD trading across multiple asset classes, operating globally through four entities.
Features
- Regulated by FSC Belize, ASIC Australia, DFSA UAE, and CySEC Cyprus.
- Supported Languages: Multiple languages available.
- Products: Currencies, Stocks, Indices, Commodities.
- Minimum Deposit: $5.
- Maximum Leverage: Varies by regulatory jurisdiction.
- Trading Desk Type: No dealing desk.
- Trading Platforms: MT4, MT5.
- Deposit and withdrawal options include various methods.
Pros
- Low minimum required deposit.
- No fees for deposits and withdrawals.
- Customer support is available in over 28 languages.
- Robust educational and research resources.
- Access to both MT4 and MT5 platforms.
Cons
- Investors outside the EU lack access to investor compensation schemes.
XM offers competitive spreads on various instruments and provides extensive educational support, which is particularly beneficial for novice traders.
With its minimal deposit requirement and diverse range of assets, to create an account on XM means embracing an appealing option for traders of all levels.
Recap of the top 10 Forex brokers in Peru
As we journey through the diverse landscape of forex trading, let us remember that behind every chart, every trade, and every victory lies a story of resilience, determination, and hope. These top 10 forex brokers in Peru, among which include the top forex brokers in the world, large stand not just as platforms for financial transactions, but as pillars of empowerment, offering a pathway to prosperity for all who dare to dream. So, let us embrace this journey with open arms, knowing that with the right tools, guidance, and perseverance, success in the world of forex trading is not just a possibility, but a tangible reality waiting to be seized.
