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Peru is another thriving Latin American economy, where the financial sector is regulated by the Central Reserve Bank of Peru (Banco Central de Reserva del Perú, BCRP) and two commissions – Superintendecia de Banca, Seguros y AFP (SBS), which supervises the banking sector, all investment companies and financial consultants, and the Superintendecia del Mercado de Valores (SMV) or (National Supervisory Commission of Companies and Securities), functioning under the Ministry of Finance, whose purpose is to ensure that all market participants comply with the Securities Market Law.
However, as the Peruvian legislation does not cover forex and CFD trade specifically and as such services are not prohibited either, the retail forex market in the country is completely open to all international brokers, both legit, holding licenses form respected financial authorities, and brokers with questionable reputation, not authorized by any official institution.
That is why we will repeat our best advice to deal only with brokers, regulated by legit financial authorities such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).
Popular payment methods in Peru include major credit or debit cards like VISA and MasterCard, as well as electronic payment systems like PagoEfectivo, SafetyPay, PayU, Western Union, Paysafecard, Go4gold and Payvalida. Furthermore, along with Colombia, Peru is among the few Latin countries where the immensely popular e-wallet Skrill is also preferred by traders.