Which broker is better for Paraguay traders in 2026? Expert analysis across 12 categories.
Paraguay retail traders looking for a reliable Forex broker often compare FXTM and FxPro, two globally recognized brands. Both offer robust trading conditions, but there are key differences that matter locally. FXTM (score 4.3/5) is known for its competitive spreads and educational resources, while FxPro (score 4.1/5) excels in platform variety and execution speed. For Paraguay traders, factors like deposit methods (Bank Transfer, Skrill, Neteller, USDT TRC20) and regulation by the local financial regulator are critical. This comparison breaks down spreads, platforms, regulation, and local payment support to help you choose the best broker for your trading style in Paraguay.
| Instrument | FXTM | FxPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FxPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FxPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FxPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FxPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $100 | FxPro |
When comparing trading costs for Paraguay traders, FXTM offers a clear advantage on spreads. On its ECN account, EUR/USD spreads start from 0.1 pips, while FxPro's Raw+ account starts from 0.2 pips. For standard accounts, FXTM's spreads average 1.2 pips vs FxPro's 1.4 pips. Paraguay traders trading high volumes will save significantly with FXTM, especially on major pairs. Both brokers charge no commission on standard accounts, but FXTM's lower spreads reduce overall trading costs for retail traders in Paraguay.
| Account Type | FXTM | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✓ | ✗ |
| Min deposit | $200 | $100 |
| Entity / Asset | FXTM | FxPro |
|---|---|---|
| Paraguay (offshore) | Up to 1:3000 | Up to 1:500 |
| Forex major pairs | 1:3000 | 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 | FXTM | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FXTM |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FXTM |
| Crypto CFDs | ✗ | 20+ | FXTM |
| Stocks / Share CFDs | ✗ | 1,700+ | FxPro |
| ETFs | ✗ | ✗ | Tie |
| Platform | FXTM | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FXTM provides MetaTrader 4 and 5, plus its proprietary FXTM Trader app, which is user-friendly for Paraguay traders on mobile. FxPro offers MT4, MT5, cTrader, and its own FxPro Edge platform, giving more choice. For Paraguay traders, cTrader is valuable for advanced charting and fast execution. However, FXTM's platforms are more intuitive for beginners. Both support automated trading and copy trading, but FxPro's platform variety edges ahead for experienced Paraguay traders.
| Factor | FXTM | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | FXTM |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
FxPro is known for its fast execution speeds, averaging 12 milliseconds on its Raw+ account, while FXTM averages 15-20 milliseconds. For Paraguay traders trading news events or scalping, FxPro's speed is advantageous. However, FXTM's execution is still reliable for most retail strategies. Both brokers use No Dealing Desk (NDD) execution, ensuring no requotes. For high-frequency traders in Paraguay, FxPro's edge in speed may matter more than slight spread differences.
| Safety Factor | FXTM | FxPro |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both FXTM and FxPro are regulated by the local financial regulator in Paraguay, ensuring compliance with local laws. FXTM also holds licenses from FCA (UK) and CySEC, while FxPro is regulated by FCA, CySEC, and SCB (Bahamas). For Paraguay traders, the local regulator oversight means client funds are segregated and disputes can be handled locally. This provides additional security compared to brokers without local registration. Both brokers offer negative balance protection, which is crucial for retail traders in Paraguay.
| Payment Method | FXTM | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. | 1 business day |
For Paraguay traders, both FXTM and FxPro support Bank Transfer, Skrill, Neteller, and USDT TRC20. FXTM processes USDT TRC20 deposits instantly with zero fees, while FxPro also supports USDT TRC20 but may charge a small network fee. Bank transfers take 1-3 business days, while e-wallets like Skrill and Neteller are instant. Withdrawals are processed within 24 hours for e-wallets and USDT, and 2-5 days for bank transfers. FXTM has a slight edge with lower fees on USDT TRC20, making it more cost-effective for Paraguay traders using crypto funding.
| Islamic Account Feature | FXTM | FxPro |
|---|---|---|
| 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 FXTM and FxPro offer Islamic (swap-free) accounts for Muslim traders in Paraguay. FXTM provides Islamic accounts on Standard and ECN accounts with no swap charges on overnight positions, and no administrative fees. FxPro also offers swap-free accounts but may charge a small fee after 10 days of holding a position. Paraguay Muslim traders should check each broker's policy, as FXTM's offering is more generous for long-term positions. Both require a declaration of faith to qualify.
| Support Feature | FXTM | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FXTM |
FXTM offers 24/5 customer support via live chat, email, and phone, with Spanish language support available for Paraguay traders. FxPro also provides 24/5 support in multiple languages, including Spanish. Both have responsive teams, but FXTM's local presence in Latin America means faster response times for Paraguay traders. FxPro's support is equally professional but may have slightly longer wait times during peak hours.
| Mobile Feature | FXTM | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FXTM |
| Google Play rating | 4.3 stars | 4.2 stars | FXTM |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | FXTM | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FXTM |
Choose FXTM if you...
Choose FxPro if you...
For Paraguay retail traders, FXTM (score 4.3) is the better overall choice due to its lower spreads, zero-fee USDT TRC20 deposits, and Islamic account terms. It is more cost-effective for active traders and offers strong local support. FxPro (score 4.1) is ideal for traders prioritizing execution speed and platform variety, especially scalpers. Both are regulated by the local financial regulator, ensuring safety. Ultimately, if you trade high volume or want to minimize costs, choose FXTM. If speed and advanced tools matter more, FxPro is a solid alternative.