Best Forex Brokers in Peru

Following our in-depth review and ranking process, here are the best forex brokers in Peru;

Best Forex Brokers in Peru

  1. IG
  2. XTB
  3. IC Markets
  4. Pepperstone
  5. XM

1. IG

IG

IG is a highly reputable global online broker established by IG Group plc; a publicly-traded company listed on the London Stock Exchange. IG offers CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rate, sectors and ETFs with over 17,000+ instruments available to trade.

IG offers an exceptional brokerage service, with trading solutions suitable for retail (beginners and professionals) and institutional clients (such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks and introducing brokers). Also, traders can get access to an extensive list of great brokerage services including deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms, competitive spreads, expert customer support service, and much more.

IG Overview

BrokerIG
Regulation CFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), DFSA (UAE), BMA (International)
Forex Pairs81
Trading PlatformsProRealTime, L2 Dealer, MetaTrader 4
Minimum Deposit$300 (or currency equivalent)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:200
Account CurrenciesUSD, GBP, AUD, EUR, SGD, HKD.
Payment MethodsBank Wire Transfer, Credit/Debit Cards, Paypal

Pros

  • Strong regulatory framework.
  • Listed on the stock exchange.
  • 45+ years of industry experience.
  • 313,000+ clients worldwide.
  • Deep liquidity.
  • Negative balance protection.
  • Volume-based rebates.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Competitive spreads from 0.6 pips on major currency pairs.
  • Fast and secure payment methods.
  • No minimum deposit for bank transfer.
  • Excellent eductional offering for beginner, intermediate and advanced traders.
  • Outstanding research offering.
  • Great customer support service.

Cons

  • Inactivity fee charged (after 2 years of inactivity).
  • No support for copy trading and social trading.
  • High financing rate.
  • Limited product portfolio in some countries.
  • No support for social trading and copy trading.

2. XTB

XTB

XTB (X-Trade) is one of the largest stock exchange-listed brokers in the world, owned and operated by XXZW Investment Group SA. XTB offers CFDs across a wide range of global markets including Forex, Commodities, Indices, Stock and ETFs, with over 2100+ instruments to trade.

XTB offers an outstanding brokerage solution for beginners and professionals and also provides support for all types of trading styles and strategies. It also offers an extensive list of great brokerage services such as low-cost trading, consistently tight spreads, deep liquidity, clients account protection, excellent education and research offering, an extensive list of secure deposit and withdrawal methods, a wonderful customer support service and lots more.

XTB Overview

BrokerX-Trade Brokers (XTB)
Regulation FCA, CySEC, PFSA, KNF, and IFSC
Forex Pairs57 Currency Pairs
Trading PlatformsxStation 5, MetaTrader 4, xStation Mobile
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesUSD, EUR, GBP, HUF, PLN
Payment MethodsBank Wire Transfer, Credit/Debit Cards, Paypal, Skrill, Neteller, PaySafe, SafetyPay, Paydoo, PayU, ECOMMPAY, BlueCash, Blik, Sofort

Pros

  • Strong regulatory framework.
  • Over 15 years industry experience.
  • Deep liquidity.
  • Negative Balance Protection.
  • Listed on the stock exchnage.
  • Global coverage with over 15 offices across the globe.
  • 353,000+ Clients worldwide.
  • Beginner Friendly.
  • Multiple fast and secure deposit and withdrawal methods.
  • Fast deposit and withdrawal processing time.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Ultra-low forex trading fee.
  • Consistently low spreads from 0.5 pips.
  • Extensive library of educational materials including videos, webinars and courses suitable for both beginners and experienced investors.
  • Great bonuses.
  • Fast and high quality customer support.

Cons

  • Limited account base currency options.

3. IC Markets

IC Markets

IC Markets is a global leading online broker, as well as one of the largest forex providers (by trade volume) in the world. It offers forex and CFDs on a wide variety of global markets including, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.

IC Markets offers an excellent trading solution suitable for beginner and professional traders, along with adequate support for all trading styles and strategies (such as scalping, hedging, algorithmic trading etc). In addition, all clients can enjoy a plethora of top-notch trading services, some of which includes; consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and great customer support service available 24/7.

IC Markets Overview

BrokerIC Markets
Regulation ASIC (Austalia), FSA (Seychelles), CYSEC (Cyprus)
Forex Pairs61
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 (or currency equivalent.)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsBank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking.

Pros

  • Hassle-free account registration process.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Strong global presecence and reputation among traders.
  • Deep liquidity.
  • Negative balance protection.
  • Clients funds are segregated.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Provides support for algorithmic (such as Expert Advisors).
  • Over 61 currency pairs to trade including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Low latency and ultra-fast trade execution.
  • Supports all trading styles and strategies.
  • Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
  • Demo account with unlimited usage duration.
  • No inactivity fee.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.

Cons

  • Product offering limited to CFDs.
  • No proprietary trading platform.

4. Pepperstone

Pepperstone

Pepperstone is a global award-winning online broker established and operated by the Pepperstone Group. It offers Forex trading, spread betting and CFDs across a variety of global markets including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.

Pepperstone offers top-notch trading solutions which accommodate both beginner and professional retail traders, and also supports all trading styles and strategies (such as scalping, hedging, algorithmic trading etc,). In addition, all Pepperstone clients can enjoy deep liquidity, low-cost trading, competitive spreads, superior trade execution, multiple industry-standard trading platforms, volume-based rebates, fast & secure payment methods, great research & educational offering and a dedicated customer support team available 24/7 etc.

Pepperstone Overview

BrokerPepperstone
Regulation ASIC (Australia), FCA (United Kingdom), DFSA (Dubai)
Forex Pairs61
Trading PlatformsMetaTrader4, Metatrader5 and cTrader
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal and Poli.

Pros

  • Strong regulatory framework.
  • Beginner friendly.
  • Easy account registration process.
  • Deep liquidity and no requotes.
  • Low latency and fast order execution.
  • Supports all trading styles and strategies (including, scalping, hedging, algorithmic trading etc.)
  • Multiple account base currencies.
  • Negative balance protection.
  • Over 61 currency pairs, including major, minor and exotic pairs.
  • Tailored account types with great trading conditions, competitive pricing and advanced tools.
  • Secure payment methods, with fast deposit and withdrawal processing times.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Zero commissions and consistently low spreads (from 0.6 pips ) on the standard account.
  • Ultra-low spreads on major currency pairs from 0.0 pips on the Razor account.
  • Active Trader Program to reward high volume trading with cash rebates which is paid daily.
  • No inactivity fee charged.

Cons

  • Demo account duration limited to only 30 days.
  • Limited product offering.

5. XM

XM

Established by the Trading Point Group, XM is a multi-award-winning online broker, as well as one of the biggest forex and CFD providers (by trade volume) in the world. It connects traders to a wide variety of global markets including forex and CFDs on stocks, commodities, equity indices, precious metals, energies and shares with over 1000+ instruments to trade.

XM offers a well-established brokerage solution for both beginner and professional retail traders. It is also suitable for all trading strategies and offers different account types with great account options, which traders can choose from to enjoy a tailored trading experience that perfectly suits their trading needs. In addition, traders can also gain access to multiple industry-standard brokers, deep liquidity, tight spreads, fast order execution, negative balance protection, a dedicated multilingual customer support service, and much more.

XM Overview

BrokerXM
Regulation CySEC (Cyprus), DFSA (United Arab Emirates), ASIC (Australia), IFSC (Belize), FCA (United Kingdom), BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands) and FI (Sweden).
Forex Pairs55 Currency Pairs.
Trading PlatformsMetaTrader 4, MetaTrader 5
Minimum Deposit$5
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:888
Account CurrenciesUSD, EUR, GBP, JPY, CHF,‎AUD, HUF, PLN, RUB, SGD, ZAR
Payment MethodsWire Transfer, Internet Banking, Local Bank Transfer, Credit/ Debit Cards, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI

Pros

  • Strong regulatory framework.
  • Easy account registration process.
  • Supports over 30 languages.
  • Beginner friendly.
  • Deep liquidity.
  • Fast order execution
  • Multiple tailored account types.
  • Offers swap-free account.
  • Ultra low spreads from 0.0 pips on the Zero account.
  • Low minimum deposit.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Supports all trading strategies.
  • Support over 11 account base currencies.
  • Multiple fast and secure deposit and withdrawal methods..
  • Quality education & research offering.
  • Great customer support service.

Cons

  • No proprietary trading platform.