Which broker is better for Peru traders in 2026? Expert analysis across 12 categories.
Peru traders seeking a reliable forex broker often compare EasyMarkets and FBS Max due to their popularity among Latin American clients. EasyMarkets, founded in 2001, is known for its user-friendly platform and fixed spreads, while FBS Max, a newer brand under FBS, offers ultra-low spreads and high leverage. For Peruvian traders trading in PEN, both brokers support local payment methods like Interbank transfers and USDT (Tether), making deposits convenient. However, neither broker is regulated by the SMV Peru, so traders must rely on offshore licenses (CySEC for EasyMarkets, FSC for FBS Max). This comparison covers spreads, platforms, regulation, and deposit methods to help you decide which broker suits your trading style in 2025.
| Instrument | EasyMarkets | FBS Max | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FBS Max |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FBS Max |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FBS Max |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FBS Max |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $0 | FBS Max |
When comparing trading costs for Peru traders, FBS Max has a clear edge with spreads starting from 0.0 pips on its ECN account, while EasyMarkets offers fixed spreads averaging 1.0–1.5 pips on EUR/USD. For a standard lot trade of 100,000 units, FBS Max charges around $0–$7 per round turn, whereas EasyMarkets costs $10–$15. FBS Max also has lower commission fees on its Raw account ($3 per lot). For high-volume traders in Peru, FBS Max significantly reduces trading costs. EasyMarkets' fixed spreads are beneficial for those who prefer predictable costs without worrying about market volatility.
| Account Type | EasyMarkets | FBS Max |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $0 |
| Entity / Asset | EasyMarkets | FBS Max |
|---|---|---|
| Peru (offshore) | Up to 1:2000 | Up to 1:3000 |
| Forex major pairs | 1:2000 | 1:3000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | EasyMarkets | FBS Max | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | FBS Max |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | FBS Max |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
EasyMarkets provides its proprietary web-based platform and mobile app, which are intuitive and suitable for beginners in Peru. It includes risk management tools like dealCancellation and Freeze Rate. FBS Max offers MetaTrader 4 and MetaTrader 5, which are industry standards with advanced charting, automated trading, and copy trading features. For Peruvian traders who want to use Expert Advisors (EAs) or follow signal providers, FBS Max is the better choice. EasyMarkets' platform is simpler but lacks the flexibility of MT4/5. Both platforms are available in Spanish, making them accessible for local traders.
| Factor | EasyMarkets | FBS Max | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FBS Max |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
EasyMarkets uses a market maker model with no requotes, offering instant execution on its platform. FBS Max provides ECN execution with ultra-low latency, ideal for scalpers and high-frequency traders. For Peru traders, FBS Max's execution is faster and more transparent, with no dealing desk intervention. EasyMarkets' execution is reliable but may have slippage during news events. For active traders, FBS Max is superior; for casual traders, EasyMarkets is sufficient.
| Safety Factor | EasyMarkets | FBS Max |
|---|---|---|
| Primary regulator | CySEC | IFSC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✗ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), while FBS Max is regulated by the FSC (Belize). Neither broker holds a license from the SMV Peru, meaning Peruvian traders do not have local regulatory protection. EasyMarkets offers negative balance protection and client fund segregation under CySEC rules, which provides some safety. FBS Max offers limited investor protection under FSC. For Peru traders, the absence of SMV oversight means due diligence is essential. EasyMarkets has a longer track record and stricter regulation, while FBS Max offers more trading flexibility with less oversight.
| Payment Method | EasyMarkets | FBS Max |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✓ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | 5 to 7 business days |
Depositing and withdrawing funds is straightforward for Peru traders at both brokers. EasyMarkets supports Interbank transfers in PEN, USDT, bank transfers, and credit/debit cards, with a minimum deposit of $100. FBS Max accepts Interbank, USDT, bank transfers, and e-wallets like Skrill and Neteller, with a minimum deposit of just $10. USDT deposits are processed instantly at both brokers, while Interbank transfers take 1–2 business days. Withdrawals are free at EasyMarkets but may take 1–3 days; FBS Max charges a small fee for certain methods. For Peru traders using USDT, both brokers offer zero-fee deposits, making crypto a cost-effective option.
| Islamic Account Feature | EasyMarkets | FBS Max |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both EasyMarkets and FBS Max offer Islamic (swap-free) accounts for Muslim traders in Peru who wish to trade without earning or paying interest (riba). EasyMarkets provides Islamic accounts on all account types automatically upon request, with no swap fees on overnight positions. FBS Max offers swap-free accounts but only for certain account types and may require a request to customer support. Peru traders should note that Islamic accounts may have reduced leverage on certain instruments. EasyMarkets has a more straightforward policy, while FBS Max may have restrictions on holding periods.
| Support Feature | EasyMarkets | FBS Max | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
EasyMarkets offers 24/5 customer support via live chat, email, and phone, with Spanish-speaking agents available. FBS Max provides 24/7 support via live chat, WhatsApp, and email, also in Spanish. Both brokers are responsive, but FBS Max has an advantage with 24/7 availability, which is helpful for Peru traders trading during international sessions. EasyMarkets' support is slightly slower but still reliable. Overall, FBS Max offers more accessible support for round-the-clock trading.
| Mobile Feature | EasyMarkets | FBS Max | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | FBS Max | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | EasyMarkets |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose FBS Max if you...
For Peru traders in 2025, FBS Max is the better choice overall due to its lower spreads, flexible platform options, and low minimum deposit. It suits active traders who want to minimize costs and use advanced tools. EasyMarkets is a solid alternative for beginners or those who prefer fixed spreads and stronger regulation. Both brokers support Interbank and USDT deposits in PEN, making them accessible for local traders. However, since neither is regulated by SMV Peru, traders should start with small deposits to test services. FBS Max wins for value, while EasyMarkets wins for simplicity and safety.