Quick Verdict — Peru Traders
Best Overall
IG
Higher overall score & more features
Best Spreads
IG
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Peru Muslims
Best for Beginners
IG
Better education & support
1:5000 vs 1:200
Max leverage
Head-to-head comparison
Peru traders seeking a reliable forex broker face a choice between IC Markets and IG, two industry giants with distinct strengths. IC Markets, rated 4.8/5, is renowned for its ultra-low spreads and high-speed execution, making it ideal for active traders. IG, with a 4.2/5 rating, offers a comprehensive trading platform and extensive educational resources, suited for beginners and intermediate traders. Both brokers accept clients from Peru and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, facilitating easy deposits and withdrawals. The local trading context in Peru is shaped by a growing retail forex community, with traders favoring brokers that combine low costs with reliable regulation. This comparison delves into key factors such as trading costs, platforms, regulation, and customer support to help Peruvian traders decide which broker aligns with their goals.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
VS
IG
FCA · ASIC · MAS
4.3
CompareBroker score
Winner
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC Markets | IG | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | IG |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | IG |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | IG |
| Standard acc spread | from 1.0 pips | from 0.8 pips | IG |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $0 | IG |
For Peru traders, trading costs are a critical factor, and IC Markets leads with spreads from 0.0 pips on its Raw Spread account, with a commission of $7 per lot round turn. IG’s standard spreads are wider, typically 0.6-1.2 pips on major pairs, with no commission but higher all-in costs. On a $10,000 monthly volume, IC Markets can save Peruvian traders $50-100 compared to IG, especially on high-frequency trades. Both brokers offer competitive pricing, but IC Markets is more cost-effective for scalpers and day traders, while IG suits those who prefer simplicity with built-in spreads.
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Account Types Comparison
| Account Type | IC Markets | IG |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $0 |
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Leverage Comparison - Peru Traders
| Entity / Asset | IC Markets | IG |
|---|
| Peru (offshore) | Up to 1:5000 | Up to 1:200 |
| Forex major pairs | 1:5000 | 1:200 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Peru Traders
Traders in Peru typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | IC Markets | IG | Winner |
|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | 1,700+ | IG |
| ETFs | ✗ | ✓ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | IG | Winner |
|---|
| Execution model | ECN/STP | True ECN | IG |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets boasts ultra-fast execution with an average speed of 40ms and no requotes, ideal for scalpers in Peru. IG’s execution is reliable but slightly slower at around 100ms, with occasional requotes during volatile markets. For Peruvian traders using ECN strategies, IC Markets’ execution quality is superior, while IG suits those who prioritize stability.
🛡️
Regulation & Safety for Peru Traders
| Safety Factor | IC Markets | IG |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. For Peru traders, this means both brokers offer strong client protection through segregation of funds and negative balance protection. Peru’s local financial regulator does not directly oversee these brokers, but the international licenses ensure compliance with strict standards.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Peru traders may differ by entity.
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Deposits & Withdrawals for Peru
| Payment Method | IC Markets | IG |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | 1 to 5 business days |
Peru traders can fund their accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT. IC Markets also accepts credit/debit cards and PayPal, while IG supports similar options with no deposit fees. Minimum deposits are $0 for IC Markets and $250 for IG. Withdrawals are processed within 1-3 business days, with USDT offering near-instant transfers. Bank transfers may take 2-5 days, while e-wallets like Skrill and Neteller are faster. Both brokers charge no internal fees, but third-party bank charges may apply. For Peruvian traders, USDT is a convenient option due to its low cost and speed, especially for larger amounts.
☪️
Islamic Accounts - Swap-Free for Peru Muslims
| Islamic Account Feature | IC Markets | IG |
|---|
| 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 IC Markets and IG offer Islamic (swap-free) accounts for Peruvian Muslim traders. IC Markets provides Islamic accounts on request, with no swap fees on overnight positions, but may charge a small administrative fee. IG offers Islamic accounts automatically for eligible clients, with no additional charges. These accounts comply with Sharia law, ensuring no interest is earned or paid. Peruvian traders should confirm eligibility and any conditions before opening an Islamic account.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | IG | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 customer support via live chat, email, and phone, with Spanish language support available. IG provides 24/5 support with Spanish options, plus a comprehensive FAQ. For Peru traders, IC Markets’ round-the-clock support is advantageous for late-night trading, while IG’s support is adequate for standard hours.
| Mobile Feature | IC Markets | IG | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✓ | IG |
📚
Education & Research Tools
| Resource | IC Markets | IG | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
IG
Pros
+Top-tier regulated
+TradingView integration
+Islamic swap-free account
Cons
-No 24/7 support
👤
Who Should Use Which Broker? - Peru Guide
Choose IC Markets if you...
- Are a scalper or day trader seeking the lowest spreads and fastest execution.
- Use MetaTrader 4, 5, or cTrader for advanced charting and automated trading.
- Prefer low trading costs with high-volume trading.
- Need 24/7 multilingual customer support.
Choose IG if you...
- Are a beginner or intermediate trader needing educational resources and a user-friendly platform.
- Value FCA regulation for added client protection.
- Want a comprehensive platform with integrated news and analysis.
- Prefer no-commission trading with built-in spreads.
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FAQ - IC Markets vs IG in Peru
Is IC Markets or IG better for Peru?
+Can Peru traders use both brokers legally?
+Which broker has lower spreads for Peru traders?
+How do Peru traders deposit at IC Markets and IG?
+Do both brokers offer Islamic accounts for Peru?
+Final Verdict - Peru 2026
IG wins overall
For Peru traders, the choice between IC Markets and IG depends on trading style and priorities. IC Markets (3.6/5) is the better option for active, cost-conscious traders who want raw spreads and fast execution, supported by popular platforms like MT4 and cTrader. IG (4.3/5) is ideal for beginners and those who prefer a full-featured platform with strong regulation. Both accept deposits via Bank Transfer, Skrill, Neteller, and USDT, making them accessible to Peruvian clients. While the local financial regulator does not directly oversee these brokers, their international licenses provide confidence. IC Markets edges ahead with lower costs and higher ratings, but IG’s educational tools and FCA regulation offer a compelling alternative for less experienced traders.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
