Which broker is better for Peru traders in 2026? Expert analysis across 12 categories.
Choosing the right forex broker is crucial for traders in Peru, where local payment options like Interbank, USDT, and Bank Transfer can greatly streamline the deposit and withdrawal process. EasyMarkets and FP Markets are two internationally recognized brokers that accept Peruvian clients, but they cater to different trading styles. EasyMarkets, with a score of 3.4/5, is known for its fixed spreads and user-friendly platform, making it a solid choice for beginners or those who prefer predictable costs. FP Markets, scoring 4.7/5, offers tighter spreads, a wider range of trading platforms (including MetaTrader 4, 5, and cTrader), and more flexible funding methods such as Interbank and USDT — ideal for active retail traders in Peru. This comparison will help you evaluate both brokers based on local trading conditions, costs, and regulatory implications of dealing with offshore firms.
| Instrument | EasyMarkets | FP Markets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FP Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FP Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FP Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FP Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $100 | FP Markets |
When comparing trading costs for Peru traders, FP Markets clearly outperforms EasyMarkets, especially for those who trade higher volumes. FP Markets offers two account types: a Standard account with spreads from 0.0 pips (low commission) and a Raw ECN account from 0.0 pips plus a small commission. This can result in effective spreads well below 0.5 pips on major pairs. EasyMarkets uses a fixed-spread model, typically 1.2 pips on EUR/USD, which is higher and does not improve with volume. For Peru scalpers or day traders, FP Markets reduces cost by up to 60%, significantly impacting profitability. EasyMarkets' fixed spread may appeal to those who want no surprises, but for cost-conscious traders in Peru, FP Markets is the clear winner.
| Account Type | EasyMarkets | FP Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $100 |
| Entity / Asset | EasyMarkets | FP Markets |
|---|---|---|
| Peru (offshore) | Up to 1:2000 | Up to 1:500 |
| Forex major pairs | 1:2000 | 1:500 |
| 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 | FP Markets | 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 | ✗ | 1,700+ | FP Markets |
| ETFs | ✗ | ✓ | Tie |
| Platform | EasyMarkets | FP Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✓ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FP Markets provides Peru traders with advanced platform choices: MetaTrader 4, MetaTrader 5, and cTrader, all available on desktop, web, and mobile. These platforms offer extensive charting tools, automated trading via Expert Advisors (EAs), and fast execution. EasyMarkets offers its proprietary web-based platform and mobile app, which is simpler and more intuitive but lacks advanced features like copy trading or algorithmic support. For Peru retail traders who prefer a modern, feature-rich interface or need to run EAs, FP Markets is the better fit. EasyMarkets may suit those new to forex who value ease of use over advanced capabilities.
| Factor | EasyMarkets | FP Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FP Markets |
| 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 |
FP Markets offers faster execution with low latency, thanks to its Equinix NY4 data centers and direct market access (DMA) on the Raw ECN account. Typical execution speed is under 50 milliseconds, ideal for scalpers and EA users in Peru. EasyMarkets uses a market maker model with fixed spreads, which can introduce requotes during volatile periods. For Peru traders who rely on quick entries and exits, FP Markets’ execution quality is superior. EasyMarkets may be acceptable for casual traders who do not prioritize speed.
| Safety Factor | EasyMarkets | FP Markets |
|---|---|---|
| Primary regulator | CySEC | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), while FP Markets is regulated by ASIC, CySEC, and the FSA (Seychelles). Neither broker holds a license from SMV Peru, meaning Peruvian clients are not covered by local investor protection schemes. However, both brokers must adhere to their home regulators' standards — for instance, ASIC-regulated entities must maintain client fund segregation. FP Markets also offers negative balance protection. Peru traders should be aware of these differences: offshore regulation may limit leverage and deposit protection, but both brokers have a long track record of serving international clients, including those from Latin America.
| Payment Method | EasyMarkets | FP Markets |
|---|---|---|
| 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) | 24 hours |
Peru traders enjoy convenient deposit and withdrawal methods with both brokers, but FP Markets stands out for local options. FP Markets accepts Interbank transfers (a popular local bank), USDT (Tether) for crypto-funded accounts, and standard Bank Transfer in PEN — all without deposit fees. EasyMarkets supports Bank Transfer and credit/debit cards, but does not offer Interbank or USDT direct funding. Both brokers process withdrawals efficiently, usually within 1–3 business days for bank transfers. For Peru traders who want to avoid currency conversion fees, FP Markets' support for PEN via Interbank is a clear advantage. USDT users will also find FP Markets more accommodating with lower latency funding.
| Islamic Account Feature | EasyMarkets | FP Markets |
|---|---|---|
| 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 FP Markets offer swap-free Islamic accounts for Muslim traders in Peru. FP Markets provides Islamic accounts on both Standard and Raw ECN types, allowing Peru traders to enjoy low-cost trading without overnight interest. EasyMarkets also offers a dedicated Islamic account option with fixed spreads. Approval usually requires a simple online declaration of faith. Traders should note that some instruments and holding periods may have restrictions — for example, FP Markets applies a small fee for positions held longer than a few days. Peru Muslim traders will find both brokers accommodating, but FP Markets gives more flexibility with account types and tighter spreads.
| Support Feature | EasyMarkets | FP Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support for Peru traders is available in English and Spanish for both brokers. EasyMarkets offers 24/5 live chat, email, and phone support, with relatively quick response times. FP Markets also provides 24/7 live chat and multilingual support, including Spanish-speaking agents. Given the time zone difference, FP Markets' round-the-clock availability can be beneficial for Peru traders who trade during different sessions. Both brokers have extensive FAQ sections covering Peruvian-specific topics like deposits and regulation.
| Mobile Feature | EasyMarkets | FP Markets | 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 | ✗ | ✓ | FP Markets |
| Resource | EasyMarkets | FP Markets | 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 FP Markets if you...
For the majority of Peru retail traders, FP Markets is the superior choice. Its 4.7/5 rating reflects lower spreads, faster execution, and better platform options — all important for active traders. More importantly, FP Markets supports local payment methods like Interbank and USDT in PEN, making funding and withdrawals simple and cost-effective. EasyMarkets (3.4/5) remains a valid option for beginners who want predictable trading costs and a user-friendly experience, but its higher spreads and limited local deposit options hold it back. When also considering that neither broker is regulated by SMV Peru, FP Markets’ stronger overall offering and client protections (including negative balance protection) make it the recommended broker for traders in Peru.