Which broker is better for Paraguay traders in 2026? Expert analysis across 12 categories.
Choosing the right forex broker is critical for Paraguay traders, and Exness and FP Markets are two top contenders in 2026. Exness, with a 4.8/5 rating, is known for its user-friendly platform, low minimum deposit of $10, and extensive local payment support including Bank Transfer, Skrill, Neteller, and USDT TRC20. FP Markets, rated 4.7/5, appeals to more experienced traders with its advanced MetaTrader 4 and 5 platforms, tight spreads from 0.0 pips, and strong regulatory oversight. For Paraguay retail traders, both brokers offer robust trading conditions, but differences in account types, costs, and deposit methods can significantly impact profitability. This comparison will help you decide which broker aligns with your trading style, whether you are a beginner or a seasoned trader in Paraguay.
| Instrument | Exness | FP Markets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FP Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FP Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FP Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FP Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $100 | Tie |
For Paraguay traders, trading costs are a key factor, especially when trading volumes are high. Exness offers spreads from 0.1 pips on its Zero account with a $3.5 commission per lot, while its Standard account has spreads from 0.3 pips with no commission. FP Markets provides tighter spreads from 0.0 pips on its Raw account with a $3 commission per lot, making it more cost-effective for scalpers. However, Exness has a lower minimum deposit ($10 vs $100), which is beneficial for smaller traders in Paraguay. Overall, FP Markets edges ahead for high-volume traders, but Exness is more accessible.
| Account Type | Exness | FP Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $100 |
| Entity / Asset | Exness | FP Markets |
|---|---|---|
| Paraguay (offshore) | Up to 1:2000 | Up to 1:500 |
| Forex major pairs | 1:2000 | 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 | Exness | FP Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Exness |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Exness |
| Crypto CFDs | 30+ | 20+ | Exness |
| Stocks / Share CFDs | ✗ | 1,700+ | FP Markets |
| ETFs | ✗ | ✓ | Tie |
| Platform | Exness | FP Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✓ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among Paraguay traders for their advanced charting tools and automated trading capabilities. Exness also offers its proprietary web and mobile platforms, which are beginner-friendly and optimized for local internet speeds. FP Markets provides cTrader in addition to MT4/5, giving traders more flexibility. For Paraguay traders who prefer algorithmic trading, FP Markets’ cTrader offers superior execution and customization, while Exness’s platforms are ideal for those new to forex.
| Factor | Exness | FP Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FP Markets |
| Avg execution speed | ~30ms | ~40ms | Exness |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Exness uses an STP/ECN execution model with no requotes, ensuring fast order processing for Paraguay traders. FP Markets also offers ECN execution on its Raw account, with average execution speeds under 40ms. For scalpers and day traders in Paraguay, FP Markets’ execution is slightly superior due to its direct market access, while Exness provides reliable execution with minimal slippage. Both brokers are suitable for high-frequency trading.
| Safety Factor | Exness | FP Markets |
|---|---|---|
| Primary regulator | FCA | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Exness is regulated by top-tier authorities like the FCA and CySEC, providing strong client protection for Paraguay traders through segregated accounts and negative balance protection. FP Markets is regulated by the ASIC and CySEC, offering similar safeguards. While the local financial regulator in Paraguay does not directly oversee these brokers, both operate under strict international standards, ensuring fund security. This regulatory framework gives Paraguay traders confidence in deposit safety and dispute resolution.
| Payment Method | Exness | FP Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | crypto takes 30–60 minutes, and bank cards or wires take 1 to 5 business days | 24 hours |
Paraguay traders benefit from multiple deposit and withdrawal options at both brokers. Exness supports instant deposits via Bank Transfer, Skrill, Neteller, and USDT TRC20, with no fees and processing times under 24 hours for most methods. FP Markets also accepts these methods, but bank transfers may take 1-3 business days. USDT TRC20 is a standout for crypto users in Paraguay, offering fast, low-cost transactions. Withdrawals are typically processed within 24 hours at Exness, while FP Markets may take 1-2 days. Both brokers do not charge internal fees, making them cost-effective for Paraguay traders.
| Islamic Account Feature | Exness | FP Markets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Exness and FP Markets both offer Islamic (swap-free) accounts for Paraguay Muslim traders who comply with Sharia law. Exness provides swap-free accounts on all account types, including Standard and Zero, with no swap fees on overnight positions. FP Markets offers Islamic accounts on its Standard and Raw accounts, but traders must request them via customer support. Exness’s policy is more straightforward, while FP Markets requires additional verification. Both brokers ensure no interest is charged, making them suitable for religiously observant traders in Paraguay.
| Support Feature | Exness | FP Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✓ | ✗ | Exness |
| Response time (chat) | <2 minutes | <3 minutes | Exness |
Exness offers 24/7 multilingual customer support via live chat, email, and phone, with Spanish-speaking agents available for Paraguay traders. FP Markets provides similar support but with slightly limited hours (24/5). Exness’s round-the-clock availability is a plus for Paraguay traders in different time zones. Both brokers have comprehensive FAQ sections and educational resources, but Exness’s instant chat response time is faster.
| Mobile Feature | Exness | FP Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Exness |
| Google Play rating | 4.3 stars | 4.2 stars | Exness |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✓ | FP Markets |
| Resource | Exness | FP Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Exness |
Choose Exness if you...
Choose FP Markets if you...
For Paraguay retail traders, the choice between Exness and FP Markets depends on your priorities. Exness wins with its lower entry barrier, faster deposits via Bank Transfer, Skrill, Neteller, and USDT TRC20, and 24/7 support—ideal for beginners. FP Markets offers tighter spreads and cTrader for advanced traders, but its higher minimum deposit may be a hurdle. Both brokers are regulated and safe, but Exness’s 4.8 rating and local payment flexibility make it the better overall option for most Paraguay traders in 2026.