Which broker is better for Peru traders in 2026? Expert analysis across 12 categories.
For Peru traders looking to trade forex and CFDs, choosing between EasyMarkets and Tickmill requires understanding how each broker serves local needs. Peru's retail forex market is regulated by the SMV (Superintendencia del Mercado de Valores), and both brokers are accessible to Peruvian residents. EasyMarkets, scoring 3.4/5, provides a user-friendly platform with fixed spreads and risk management tools like dealCancellation. Tickmill, scoring 4/5, is known for its low-cost ECN trading with tight spreads and fast execution. Local payment methods matter in Peru: Interbank and Bank Transfer are widely used, and both brokers support these along with USDT crypto deposits. The PEN currency is not directly deposit-accepted, but accounts are denominated in USD with conversion at competitive rates. This comparison covers trading costs, platforms, regulation, and local payment specifics to help you decide based on your trading style and budget.
| Instrument | EasyMarkets | Tickmill | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Tickmill |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Tickmill |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Tickmill |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Tickmill |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $100 | Tickmill |
When comparing trading costs for Peru traders, Tickmill offers a clear advantage with its Raw ECN spreads starting from 0.0 pips plus a $3.50 per lot commission per side. EasyMarkets charges fixed spreads, typically 1.2-1.5 pips on EUR/USD with no commission. For a Peru trader executing 10 lots per month, Tickmill's costs amount to approximately $70 (spread+commission) while EasyMarkets costs around $150 in spread. The difference widens with higher volumes, making Tickmill more cost-effective for active traders. Tickmill also offers lower swap rates, which benefits overnight traders in Peru. Both brokers charge no deposit or withdrawal fees for Interbank and Bank Transfer, but Tickmill has lower minimum deposit ($25 vs $100) and faster processing.
| Account Type | EasyMarkets | Tickmill |
|---|---|---|
| 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 | Tickmill |
|---|---|---|
| Peru (offshore) | Up to 1:2000 | Up to 1:1000 |
| Forex major pairs | 1:2000 | 1:1000 |
| 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 | Tickmill | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | ✗ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | Tickmill |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are well-suited for Peru traders who need technical indicators, automated trading, and mobile access. Tickmill also provides WebTrader and a mobile app with full charting tools. EasyMarkets offers its own web-based platform with features like an economic calendar and risk management tools. For Peru retail traders on the go, Tickmill's mobile MT4 is more reliable with faster order execution and real-time quotes. EasyMarkets' platform is simpler but lacks advanced order types. Both platforms support VPS for automated trading, but Tickmill's VPS is free for high-volume traders. Overall, Tickmill provides a more professional trading environment.
| Factor | EasyMarkets | Tickmill | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| 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 |
Execution quality is critical for Peru traders, especially those on Nighthawk connections. Tickmill uses an ECN/STP model with execution speeds of 0.3 seconds and no dealing desk intervention, resulting in minimal slippage. EasyMarkets operates as a market maker with fixed spreads and some requotes during volatile news events. Tickmill's average execution speed is under 50ms, while EasyMarkets averages 200-300ms. For high-frequency traders and scalpers in Peru, Tickmill's faster execution with no requotes is superior. Both offer negative balance protection, but Tickmill's straight-through processing (STP) ensures orders are filled at the best available price without dealer bias.
| Safety Factor | EasyMarkets | Tickmill |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both EasyMarkets and Tickmill are regulated by top-tier authorities, but the key for Peru traders is the recognition by SMV Peru. EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), registered with SMV as a foreign broker. Tickmill is regulated by FCA (UK), FSCA (South Africa), and CySEC, also registered with SMV. The SMV registration ensures that Peruvian clients have a local legal channel for disputes. However, neither broker holds a domestic license; they operate under cross-border regulations. For Peru traders, Tickmill's FCA regulation offers stronger investor protection (up to £85,000 under FSCS) compared to EasyMarkets' CySEC coverage (€20,000 under ICF). Both comply with anti-money laundering rules and offer negative balance protection.
| Payment Method | EasyMarkets | Tickmill |
|---|---|---|
| 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) | Most withdrawals 1 business day; bank wire 1-3 days, Credit/Debit Cards: Up to 8 working days. |
Peru traders have multiple deposit options with both brokers. Interbank (domestic bank transfer) is accepted by both, with Tickmill processing within 1-2 business days and EasyMarkets taking 2-3 days. USDT (TRC20/ERC20) deposits are supported – Tickmill offers instant USDT deposits with no fee and competitive conversion rates; EasyMarkets also accepts USDT but may charge a 2% conversion fee. Bank Transfer is available for both using international wires (SWIFT) or local Peruvian banks via Interbank. Minimum deposits: Tickmill $25, EasyMarkets $100. Withdrawals: both process within 1-3 business days for Interbank and Bank Transfer; USDT withdrawals are processed within 24 hours at Tickmill versus 2-3 days at EasyMarkets. Tickmill has no withdrawal fees, while EasyMarkets may charge $30 for wire withdrawals. For speed and cost, Tickmill is better for Peru traders using Interbank or USDT.
| Islamic Account Feature | EasyMarkets | Tickmill |
|---|---|---|
| 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 brokers offer Islamic (swap-free) accounts for Peru Muslim traders who require no overnight interest. Tickmill provides swap-free accounts on all account types (Standard, Raw ECN) with no additional fees, and no restrictions on holding periods. EasyMarkets also offers Islamic accounts but with a process requiring a formal request and approval; they may impose a limit on the number of swap-free days per week (e.g., 5 days maximum). Tickmill's Islamic accounts are more straightforward and available immediately. Peru traders should note that both brokers comply with Sharia principles by not charging or paying swaps. However, Tickmill's conditions are more favorable for long-term position holders.
| Support Feature | EasyMarkets | Tickmill | 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 via live chat, email, and phone from both brokers. Tickmill offers 24/5 live chat with fast response times (under 1 minute) and support in Spanish, while EasyMarkets provides 24/5 support in English and Spanish but with slightly longer wait times. Tickmill also has a dedicated Spanish-speaking team for Peru clients. Phone support is available during trading hours for both. Tickmill's help center includes detailed guides in Spanish for local payment methods like Interbank and USDT. Overall, Tickmill provides more responsive and localized support for Peru.
| Mobile Feature | EasyMarkets | Tickmill | 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 | Tickmill | 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 Tickmill if you...
For Peru retail traders, Tickmill is the stronger choice with a 4/5 score compared to EasyMarkets' 3.4/5. Tickmill's lower trading costs (spreads from 0.0 pips on ECN accounts), faster execution, and better local payment options (Interbank, USDT, Bank Transfer without delays) suit the needs of cost-sensitive traders. It also offers a Spanish support team and Islamic accounts with no restrictions. EasyMarkets remains viable for beginners who value fixed spreads and risk management features, but its higher spreads and slower payments eat into profits. Given SMV Peru's regulatory framework, both are legal, but Tickmill's FCA backing adds an extra safety layer. For most Peru traders, especially those using Interbank or USDT, Tickmill delivers better value.