Compare Top 6 Best Forex Brokers in Peru for 2025

For this guide, our experts reviewed 57+ of the best forex trading apps in Peru to trade forex for beginners.
Written by
Updated on Jun 4, 2024
Reading time 0 minutes

In this guide

Our expert panel tested all the best forex brokers in Peru and rated their features according to 8 key criteria, including regulatory status, the range of currency pairs on offer, and overall trading experience.

The panel set out to answer the question: what’s the best forex trading app in Peru for Peruvian users? 

Read our verdict for Peru below to compare the best forex trading platforms.

What is the best forex broker in Peru?

Copy link to section

Our experts rank eToro as the best forex broker in Peru.

The list below shows the three best Peruvian forex brokers. These are the top forex trading apps in Peru for their security, service, and support.

We found 14 forex brokers for users based in

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 3600+
Demo account Yes

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

IG review
4.4
IG Markets
Min. Deposit n/a
Fees Spread only
No. assets 17000+
Demo account Yes

IG review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Best forex brokers in Peru
Min. Deposit n/a
Fees
No. assets n/a
Demo account

Top 6 online forex brokers Peru, reviewed

Copy link to section

We found 14 forex brokers for users based in

1. eToro. Best for beginners, copy-trading & demo-account

Copy link to section
4.5
Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of more than 5,500 stocks and ETFs includes big names like Apple and Tesla, as well as smaller companies with high growth potential. You can start trading with as little as $10 using fractional shares if you’re on a tight budget.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. This is a great way to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across stocks, crypto, and options trading markets.

Highlights

Fees & Costs

Pros & Cons

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

2. IG Markets: Best for trusted and transparent trading

Copy link to section
4
Ratings

$-

Min. deposit

From 0.5%

Fees

17,000

No. assets

Yes

Demo account

Overview

We love IG because it’s one of the most established and reputable names in the online trading industry, known for its reliability, comprehensive market offerings, and strong regulatory compliance. IG offers CFD trading in stocks, forex, commodities, indices, ETFs and more, with plenty of useful plugins and integrations to improve the trading experience.

One of the key strengths of IG Markets is its seamless integration with MetaTrader 4 (MT4), a popular third-party trading platform favored by many traders for its advanced charting tools, automated trading capabilities, and custom indicators. This integration allows users to leverage MT4’s sophisticated features while benefiting from IG Markets’ competitive pricing, reliable execution, and extensive market access.

Beyond its product range and platform integrations, IG Markets stands out for its commitment to education and customer support. The company offers a wealth of educational resources, such as webinars, tutorials, and market analysis, which help traders of all levels improve their knowledge and skills.

The fees: For most assets, you don’t pay a trading fee but will be charged through the spread instead. That’s the difference between the buy and sell price of an asset. IG’s spreads are competitive but variable: you’ll pay a smaller spread on popular assets compared to less popular ones. Share trading works differently, and you’ll be charged a minimum fee on each trade of at least $15.

Highlights

Fees & Costs

Pros & Cons

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

3. AvaTrade. Best regulated broker for secure trading

Copy link to section
Avatrade_logo
4
Ratings

$100

Min. deposit

From 0.13%

Fees

1,300

No. assets

Yes

Demo account

Overview

We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various stock markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on hundreds of global stocks including Google, Apple, Microsoft, and more. 

AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world. 

AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology. 

The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Stock spreads start from 0.13. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

Fees & Costs

Pros & Cons

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4. FP Markets. Best for low spread & 0-pip trading

Copy link to section
fp markets logo
4
Ratings

$-

Min. deposit

Fees

No. assets

No

Demo account

Overview

We love FP Markets because it uses cutting-edge technology to ensure all stock trades are executed at lightning fast speed. It’s an award-winning broker and offers over 10,000 Australian and international share CFDs and stock CFDs across 4 continents. 

FP Markets has zero restrictions and allows all trading styles, including scalping and running expert advisors. Stock CFDs can be traded directly from its Metatrader 5 platform or via Iress, which gives direct market access to multiple global exchanges such as the Nasdaq, NYSE, and London stock exchange. 

The fees:  FP Market charges commission for all stock trades. For Australian stocks, its 0.05%, Hong Kong stocks, 0.20%, UK 0.10%, European 0.10%, and USA stocks are 2 cents per share. 

Highlights

Pros & Cons

CFDs are derivatives and can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading CFDs you do not own or have any rights to the CFDs underlying assets.

5. Pepperstone. Best low spread & no commission broker

Copy link to section
pepperstone logo
4
Ratings

$-

Min. deposit

$7 RT

Fees

1,200

No. assets

Yes

Demo account

Overview

We love Pepperstone because it is a low fee and low commission CFD brokerage, making it an excellent choice for traders looking to keep trading costs down. Pepperstone offers some of the most competitive spreads in the industry, with no commission on its Standard account and low commissions on its Razor account. 

Pepperstone is also well known for its top tier regulatory protection. The broker is regulated by both the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), which means it follows stringent rules. Pepperstone also offers over 90 currency pairs from the majors, minors, and exotics. 

One of the features we found most useful when using Pepperstone is the variety of trading platforms. You can choose from TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, each providing a unique set of features and tools. 

The fees: Forex trades are commission free, as Pepperstone makes money from the Bid/Ask spread. The spreads vary depending on the asset you want to trade. Razor (pro) account customers get significant discounts on the spreads. Spreads are as low as 0.00 points on EUR/USD and no commissions.

Highlights

Fees & Costs

Pros & Cons

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.7%of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Refer to our RDN and other legal documents. Pepperstone Markets Limited, SCB no. SIAF217.

6. Pacific Union. Best for social trading & customer support

Copy link to section
pacific union logo
4
Ratings

€-

Min. deposit

Fees

No. assets

No

Demo account

Overview

We love Pacific Union because its beginner friendly platform comes loaded with lots of educational content, including how to guides and video learning. Pacific Union offers over 200 stock CFDs for some of the world’s biggest companies.  

It’s an award-winning broker and has a proprietary social trading application that makes it easy for beginners to follow the strategies and positions of the platform’s top traders. Pacific Union uses the popular Metatrader 4 software alongside its mobile and web based apps. Traders can choose the amount of leverage they want to use, all the way up to 500:1.

The fees: Commission starting at 0.1 points is charged on select stock CFDs across all account types. Spread starts at 0.5 points and applies to all stocks. Swap charges for holding a trade overnight vary depending on size.  

Highlights

Pros & Cons

Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage it.

How we chose the best Peru forex brokers

Copy link to section

Our expert reviews panel is made up of currency traders with years of experience in the forex markets. It includes our Data Analyst, Dan Ashmore, Senior Editor of News, Jayson Derrick, and long-time forex trader, Prash Raval. The panel includes an independent fact checker, Richard Stutely.

Here are the 8 key criteria which the panel used to rate each platform.

  • Regulation with a trusted financial institution. We only recommend forex brokers for beginners that are regulated in Peru and offer top-tier protection to their clients.
  • Low minimum deposit requirements. An accessible forex trading platform in Peru, with a low minimum deposit, scored higher in our rankings.
  • Mobile app availability. Our experts gave preference to the forex brokers in Peru with the best forex trading apps.
  • Number of currency pairs available to trade. We expect Peru forex brokers to offer a comprehensive service where you can trade major, minor, and exotic currency pairs.
  • Amount of leverage on offer. You need leverage to trade forex, so we looked for platforms that offered lots of leverage, within the limitations set by local Peruvian regulators.
  • Tight spreads. We sought the best value for the average user. Small spreads mean a lower cost of trading.
  • Lowest commissions and other fees. Our experts don’t like hidden fees and unexpected costs, so brokers with a clear fee structure performed well.
  • Compatibility with trading software. Any Peruvian forex broker that offers integration with popular trading software like MetaTrader 4, MT5, or cTrader received a high rating.

More about the best forex trading platforms in Peru

Copy link to section

Which currency pairs can I trade in Peru?

Copy link to section

You can trade major, minor, and exotic pairs when you sign up for the best forex trading platform in Peru. The majors and minors refer to the largest and most popular currencies paired with each other, while the ‘exotics’ are everything else.

  • Major pairs. The major pairs are made up of the US Dollar paired with the other most highly traded currencies. Major pairs include: USD/EUR, USD/GBP, USD/JPY, USD/CHF, USD/AUD, USD/NZD, and USD/CAD.
  • Minor pairs. The minor pairs include at least one of the Euro, British Pound, or Japanese Yen paired with other large currencies, but do not include the US Dollar. 
  • Exotic pairs. Exotic pairs include a major currency ‘crossed’ with a developing currency. There are many exotic pairs but they include things like GBP/HUF, EUR/MXN, and JPY/ZAR.

What forex markets are available in Peru?

Copy link to section

There are two markets that are available with all top forex brokers in Peru. One is the ‘spot’ market, another is the futures market, where you use futures contracts to predict future price movements. Here is some more detail on both options.

  • Spot forex. Trading the spot market means to buy and sell currencies instantaneously at the live market rate. This is the most common way to trade forex in Peru for most people.
  • Forex futures. Futures contracts are an agreement to buy or sell a currency at a fixed price at a set date in the future. Futures require more understanding of the economic factors that impact prices over time. For that reason, they’re generally only used by people with experience of currency trading.
Copy link to section

Yes, MetaTrader 4 is legal in Peru. When you use MetaTrader software, you have to sign into a brokerage account and any live trade you place goes through a forex trading platform. As long as you can connect to a legal Peruvian forex broker, you can use MT4 or MT5. 

What’s the minimum forex trade size in Peru?

Copy link to section

The industry standard is 0.01 ‘lots’, which is equivalent to 1,000 units of the currency you want to trade. This is known as a ‘micro lot’. A ‘lot’ equals 100,000 units of the currency you want to trade.

Can I trade other assets with a forex broker in Peru?

Copy link to section

You can, though it depends on the type of broker you choose. The best cfd brokers in Peru usually offer other financial markets in addition to currency pairs. If you want to trade other assets, such as stocks or cryptocurrency, then you need either the best trading platforms in Peru or the best crypto exchanges in Peru.

How to trade forex in Peru

Copy link to section

1. Sign up to a Peruvian forex trading platform

Copy link to section

Use the list of top-ranked brokers at the top of the page to help you.

2. Create an account and deposit money

Copy link to section

Sign up by providing your personal details and a form of photo ID. Transfer funds to the account through a bank transfer, credit or debit card payment, or another payment method, like PayPal.

3. Search for a currency pair and place your trade

Copy link to section

Find the pair by typing the currency code – such as USD for the US Dollar – and choosing it from the list of results. Enter the details and click ‘buy’ to make the trade.

FAQs

Copy link to section
01

What’s the best forex broker for beginners in Peru?

02

What’s the best forex trading app in Peru?

03

What’s the cheapest forex trading platform in Peru?

04

Which is the safest Peruvian forex broker?

05

What is the best forex trading app in Peru?


Sources & references

James Knight

James Knight

Editor of Education

  • Stock Market
  • Cryptocurrencies
  • Commodities
  • Investing
  • Sport
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...