Best Low Cost Brokers in Peru

Generally speaking, clients of trading platforms want to pay fewer and smaller commissions. Therefore, we present the top 3 of the cheapest Brokers.

Top 3 Low-Cost Platforms for Traders in Peru

eToro

AvaTrade

XM

How to categorize a Broker as cheap?


Below are the main criteria that we have considered when making this ranking:


  • The minimum deposit must be low (or null). A low minimum deposit means that operating the platform does not require a lot of capital.

  • The Broker should not charge a fixed commission per trade. The Broker must charge commissions because that is what they do, but when they set a fixed rate, it implies that a buy and sell order must have a minimum amount to generate any profit. As an example, if you open a trade for a total value of 20 dollars and the Broker charges a fixed commission of 10 dollars to complete the operation (Opening and Closing), then the trade must generate at least 10 dollars, that is, it must grow 50%. Brokers that do not charge a fixed commission tend to charge high spreads.

  • Spreads and Overnight Financing should be as low as possible. Related to the previous, if a broker does not charge fixed commissions, the only way to earn money is through margins and overnight financing. Overnight financing costs are levied when a trade is left open until the next day; Brokers charge this cost as if it was a loan, which, indeed, it is. To be considered low, these trading costs should be as low as possible.

  • Last but not least, the Broker has to be available to clients in Peru.


Below we present our Top 3 of the best Trading platforms that we consider as 'Low Cost'.

Advertencia de riesgo: los contratos por diferencia ("CFD") son productos apalancados y conllevan un alto nivel de riesgo para su capital, ya que los precios pueden moverse rápidamente en su contra. Las pérdidas pueden exceder sus depósitos y es posible que deba realizar pagos adicionales. Es posible que estos productos no sean adecuados para todos los clientes, por lo tanto, asegúrese de comprender los riesgos y busque asesoramiento independiente.

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