This page helps you navigate account opening and the best investment providers in Peru.

Online Brokers & Trading Platforms in Peru in 2021
Can I open a trading account from Peru

Have you ever tried to open a trading account in another country? If you already did some research on this topic you probably figured out by now that you can, albeit it's not always a straightforward process. Opening an international trading account can at times be complex or at least hard to work out.

BrokerChooser is here to lend you a helping hand. Let's take a look at why account opening at a certain broker is possible from some countries but not from others.

To open a trading account from Peru, you can select a broker that is based in another country or region. However, not all brokers provide trading accounts to foreign customers or have restrictions for some countries. The reasons are manifold, including taxation, regulation, business decisions, etc. For example, US giants Interactive Brokers and E*TRADE follow different strategies in this respect: E*TRADE only accepts clients from the US while Interactive Brokers welcomes customers from a long list of countries.

If you are interested in our guide about how to buy shares online, click here.

So what does all this mean? In a nutshell: you can open a trading account at an international broker by law, but it is up to the broker to decide whether they provide their service in your country. Make sure you always check this information on their website or on BrokerChooser.

Where can I open a trading account from Peru?

Let's get to the point! From Peru, you can open trading accounts at all the brokers listed below.

We selected brokers that have the highest overall score. To understand how we calculated the overall score, visit our methodology page.

Brokers and trading accounts available in Peru
Interactive Brokers Saxo Bank tastyworks eToro
Overall score 4.9 4.8 4.8 4.7 4.7
Account opening score 3.4 stars 2.5 stars 5.0 stars 5.0 stars 5.0 stars
Fees score 4.2 stars 3.3 stars 4.3 stars 4.5 stars 4.4 stars
Markets and products score 5.0 stars 5.0 stars 3.0 stars 2.6 stars 3.8 stars
Visit broker Visit broker Visit broker
78.77% of retail CFD accounts lose money
Visit broker Visit broker
Your capital is at risk

The services offered by international brokerages vary from broker to broker and you will find many disparities related to the difficulty of account opening, available products and fees. Some brokers only provide forex and CFD products while others boast a wider portfolio including stocks and futures. In the following chapters, we will take a look at these aspects at selected brokers available to customers from Peru.

How to open a trading account from Peru?

There are several factors to consider when opening a trading account, including the user-friendliness of the platform or the minimum deposit amount. Let's deep dive into these.

The time it takes to open an account typically ranges from a few minutes to a few weeks. The identity verification that marks the end of the process differs at various brokers. The account opening process is fully online in most cases, but there are brokers that require customers to mail a copy of their documents. The documents you usually have to upload and/or send (a copy) are of the following:

  • Proof of identity: national ID, passport, driving license, etc.
  • Proof of address: bank statements, utility bills, etc.

There are brokers that require a minimum deposit to authorize your trading account. The minimum deposit is usually $0 or a low amount, but some brokers demand a couple of thousands dollars/euros.

Account opening at brokers available in Peru
Interactive Brokers Saxo Bank tastyworks eToro
Broker intro US discount broker Danish investment bank Global CFD and forex broker US options and stockbroker Global social trading broker
Time to open account 1-3 days >3 days 1 day 1 day 1 day
Account opening fully online Yes Yes Yes Yes Yes
Account opening user-friendliness No Yes Yes Yes Yes
Minimum deposit $0 $2,000 $20 $0 $200

Fees of selected brokers available in Peru?

Undoubtedly, fees are a crucial factor when selecting a broker. Below you can check the asset classes that individual brokers provide and whether their fees are classified as high, low, or average. This classification is based on how the fees compare to those charged by all the brokers reviewed by us.

Trading fee classification at brokers in Peru
Interactive Brokers Saxo Bank tastyworks eToro
Stock fee class Low Average Low Low Low
Forex fee class Average Low Low - Low
Fund fee class Average Low - - -
Bond fee class Low High - - -
Options fee class Low High - Average -
Futures fee class Low High - Low -
CFD fee class Average Average Low - Low

Non-trading fees are just as important as trading fees. Non-trading fees include charges not directly related to trading, such as withdrawal or inactivity fees.

Non-trading fees at brokers in Peru
Interactive Brokers Saxo Bank tastyworks eToro
Account fee No No No No No
Inactivity fee No Yes No No Yes
Deposit fee $0 $0 $0 $0 $0
Withdrawal fee $0 $0 $0 $0 $5

Key messages before we move on

Ideally, by now you should feel more secure about opening a trading account. If you take into account the aforementioned factors, we're sure it'll be an easy ride to open one.

To sum it up, you have to keep an eye on the following:

  • Account opening time
  • Account opening complexity (user-friendliness)
  • Whether hard copies of your documents are needed
  • Trading and non-trading fees
  • Selection of available products

We hope this article helped you decide what kind of trading account to open from Peru. If you’re interested in learning more with us, check out the following:

Online Brokers & Trading Platforms in Peru in 2021
How to invest in stocks from Peru

Stocks are a good fit for various investment strategies and investor types. Whether it's the thrill of riding market waves in search of quick gains, or the desire to benefit from long-term growth, stocks carry a definite allure. Either way, investing in stocks is serious business that requires careful consideration.

Thankfully, investing in stocks has never been easier. If you're wondering how to invest in stocks from Peru, we have good news for you: there are many safe and high-quality online brokers that offer their services for clients in Peru. Among these, you can find providers that offer stocks from Peru, but if you're looking to invest in other global markets, your possibilities open up even more.

If you are interested in our guide about how to buy shares online, click here.

Are you ready to start? Let us show you how to invest in stocks from Peru in four simple steps: 1) find an online broker; 2) open an account; 3) fund your account; and 4) buy the stocks you need.

Find an online broker

There are literally hundreds of online brokers out there, and while some are dubious operators, most are reasonably safe and of acceptable quality. Do you feel overwhelmed by this large selection? No worries – we have picked five quality brokers for you that are available in Peru and which are especially suitable for stock investing. You can view them at the end of this article.

In case you want to do your own research, we can help with that, too. First, you need to make sure that the broker you're looking at is available in Peru. Some brokers are available in only one country or region (such as the US or the UK), but others are more global in their outreach, and allow clients from most countries in the world to open an account.

Before you commit to a broker, you should consider what kind of stocks and markets you want to invest in. Many brokers grant access only to their home markets (be it the US, the UK or India); while others offer stocks from dozens of exchanges around the world. If you live in Peru but fancy buying some hot US tech stocks or simply want to assemble a global stock portfolio, make sure your broker offers trading on the stock markets you're interested in.

Safety is also a very important consideration. Here at BrokerChooser, we only recommend brokers that are regulated by at least one top-tier financial authority. Please note that some global brokers operate via several legal entities, each regulated by a local authority – so for example, US clients would be overseen by a US regulator, and UK clients by a UK financial authority. Some regulators also run investor protection schemes, making you eligible for compensation if your broker goes bankrupt.

Would you like to speed up your search? Our broker finder tool will help you narrow down your choices, showing only those brokers that are available in your country and are suitable for your investment goals and habits. And if you want a detailed, side-by-side comparison of these alternatives, check out our broker comparison table.

Open your account

Opening an account at an online broker is usually easy and straightforward, and takes place fully online. Most of the time, you just need to provide your name, address and other basic information, and maybe answer some questions about your wealth/income status, financial knowledge or trading experience. Make sure you have your documents at hand, as copies of a photo ID and some recent bank statements or utility bills are usually required to verify your identity and residency.

Once you have completed your registration, it normally takes another day or so for your account to be verified, although at some brokers this process can take up to three days or even more. Some locally-focused brokers may even require overseas clients to send documents by mail, making the process more cumbersome. But once your account is verified, you're all set to start investing!

Many brokers offer several account types to choose from, such as individual or joint accounts, or various tax-free accounts. If you're a stock investor who's saving up for retirement, check with a local tax expert to see if you may be eligible for tax-advantaged accounts offered by your broker.

In general, don't forget about taxes – wherever you reside, selling a stock at a profit or collecting annual dividends from a company whose shares you own is likely to have some tax implications. We can't offer you specific tax advice, but if you want to learn more about the general principles of taxation when it comes to stocks and other investment instruments, read this overview.

Fund your account

So your trading account has been verified; the next step is to fund it – in other words, to deposit money that you will then use for buying stocks. Some brokers require a minimum deposit when you open your account, but most brokers do not have such a requirement, allowing you to take your time before committing any funds.

All brokers will allow you to deposit or withdraw funds via bank transfer; an easy, usually free, though not always super-fast method. Withdrawing money to your bank account can take as long as three days.

Many brokers also let you deposit (though not withdraw) funds using credit or debit cards. A few will also accept so-called electronic wallets such as PayPal, Apple Pay, Skrill or Neteller. The biggest benefit of cards and e-wallets is that transactions take place instantly, allowing you to start investing – or reap the proceeds of a successful stock sale – right away.

Please note that while bank account withdrawals are free in most cases, withdrawals to an overseas bank account sometimes come with an extra charge. Withdrawals by wire transfer (in case ACH or SEPA transfers are not an option) can likewise be costly. Assess your situation is, and make sure you choose a broker where such costs – which can run up to $45 per transaction at some brokers – do not apply.

Find and buy stocks

Now that you have a brokerage account with enough money on it to start your investment journey, so let us finally show you how to buy stocks online.

You may already know which stock(s) you want to buy; if not, it's worth checking out the research section of your broker, which often includes trading ideas and recommendations by in-house experts or third-party analysts. Alternatively, you can do a bit of research on your own, and check the selected stock's earnings multiples, or read up on industry news.

Once you have settled on a stock, it's easy – just select it from the broker's search menu, enter the number of shares you want to buy, and press "Buy". Most trading platforms will offer several order types - such as a "Market" order to buy at the current price, or a "Limit" order to buy later at a specific price. To learn more about various order types, read this article.

When investing in stocks online, fees will likely be among your top concerns. To help you make sense of the various costs of trading, we compiled this handy guide.

Please note that if your broker has global market coverage, it may apply different fees to stocks from different countries or exchanges. For example, UK stocks may carry a higher commission than US stocks, or vice versa. Often, these differences have to do with taxes or fees charged by exchanges, such as a 0.5% stamp duty levied by the London Stock Exchange.

Top brokers for investing in stocks

Are you ready to give it a go but still feel intimidated by the large selection of brokers out there? Worry not. We have compiled a list of safe brokers that are available in Peru and are great for investing in stocks. We recommend that you pick one of the following brokers:

  1. Interactive Brokers, US discount broker
  2. Saxo Bank, Danish investment bank
  3., Global CFD and forex broker
  4. tastyworks, US options and stockbroker
  5. eToro, Global social trading broker

What makes these brokers a good place to invest in stocks from Peru? The most important selection criteria were the fair trading and non-trading fees, availability of easy-to-use web and mobile trading platforms, and the depth of stock market selection,.

Below is a table comparing the quality of the most important factors for each broker:

Top brokers for investing in stocks from Peru
Interactive Brokers Saxo Bank tastyworks eToro
Stock and ETF fee scores 4.8 stars 3.5 stars 5.0 stars 5.0 stars 5.0 stars
Web platform score 4.5 stars 5.0 stars 3.9 stars 3.4 stars 4.4 stars
Mobile platform score 3.8 stars 5.0 stars 4.9 stars 4.2 stars 4.9 stars
Stock markets (#) 78 28 7 4 17

Now let's check in detail the trading and non-trading fees charged by the best brokers for investing in stocks from Peru:

How to invest in stocks from Peru - stock trading and non-trading fees
Interactive Brokers Saxo Bank tastyworks eToro
US stock $1.0 $10.0 $0.0 $0.0 $0.0
UK stock $4.2 $11.2 $0.0 - $0.0
German stock $3.6 $12.0 $0.0 - $0.0
Withdrawal fee $0 $0 $0 $0 $5
Inactivity fee No Yes No No Yes
Visit broker Visit broker Visit broker
78.77% of retail CFD accounts lose money
Visit broker Visit broker
Your capital is at risk
More More More More More

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

Now, let's see some more details about the best brokers for investing in stocks from Peru.

A summary before we move on to Bests

Now that we have shown you how to invest in stocks from Peru, you should be ready to go out and take the first steps of your investment journey. Find a good online broker, open an account, deposit some money, buy your first stocks, and reap the profits!

But these are just the first steps. Make sure you review the performance of your stocks and that of the wider market from time to time, see if you want to sell any of your existing securities or seek out new ones to further diversify your portfolio.

Are you overwhelmed by the selection of stocks on offer and want someone else to do the diversification for you? Perhaps ETFs are what you're looking for. Or maybe you're itching to take on more risk in the hope of outsize rewards? See if CFDs.

Online Brokers & Trading Platforms in Peru in 2021
Best online brokers in Peru

Best international online brokers in Peru

Click here. to get to know all about the Best international brokers in Peru.

Also don't forget to check our shiny Education Page, that can help you with some of the trading basics when it comes to stocks & ETFS.

Best brokers for beginners in Peru

Here you can check the Best brokers for beginners in Peru.

Our Education Page about investing might help you out with a few bits of investing knowledge as well, feel free to take a look at it.

Best forex brokers for beginners in Peru

Interested in the Best forex brokers for beginners in Peru? No worries, we got you covered, just click here.

Also, here are more educational articles about forex on our Education page, if you feel like you are in the mood of studying.

Best CFD brokers in Peru

For more info about the Best CFD brokers in Peru, click here.

Trading with leverage is not easy. That's why we recommend our Education page about assets like forex. Let us know what you think!

Best discount brokers in Peru

To see the best broker options for the Best discount broker in Peru, take a look at here.

Next to the Best discount broker list in Peru, feel free to read more about stocks and ETFs, on our Education page.

Online Brokers & Trading Platforms in Peru in 2021
Bottom line

We are hoping this collection helped a bit to get to know the financial markets in Peru. Should you have any remaining questions, hit us up at [email protected]

Still unsure? don’t forget to check out our Find my Broker tool to fine tune your broker preferences or our Comparison Table to the most important data, laid out in front of you.

Are you a globetrotter? Check out the investment landscape in other countries as well

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Author of this article

András Iván

Author of this article

Andras has over 4 years of experience analysing and trading equities and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

András Iván

Broker Analyst

Andras has over 4 years of experience analysing and trading equities and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology