Which broker is better for Bhutan traders in 2026? Expert analysis across 12 categories.
For Bhutan traders looking to trade forex and CFDs, EasyMarkets and Alpari are two well-known international brokers. EasyMarkets, with a score of 3.4/5, is recognized for its user-friendly platform and fixed spreads, making it a solid choice for beginners in Thimphu or Paro. Alpari, scoring 3.1/5, appeals to more experienced traders with its competitive raw spreads and ECN accounts. Both brokers accept Bhutan residents and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, which is convenient for depositing and withdrawing in USD. However, neither broker is regulated by the local financial regulator in Bhutan, so traders must rely on offshore licenses. This comparison helps Bhutan retail traders decide which broker aligns better with their trading style and budget.
| Instrument | EasyMarkets | Alpari | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Alpari |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Alpari |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Alpari |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Alpari |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $30 | EasyMarkets |
EasyMarkets offers fixed spreads starting from 1.0 pips on major pairs like EUR/USD, with no commission. For a Bhutan trader trading 1 lot per month, total cost is around $10 per trade. Alpari provides raw spreads from 0.0 pips but charges a commission of $3.5 per lot per side, making total cost approximately $7 per trade for the same volume. For Bhutan traders trading higher volumes (5+ lots per month), Alpari becomes more cost-effective. However, EasyMarkets’ fixed spreads protect against slippage during volatile news events, which can be beneficial for those with limited capital.
| Account Type | EasyMarkets | Alpari |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✓ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✓ |
| Min deposit | $25 | $30 |
| Entity / Asset | EasyMarkets | Alpari |
|---|---|---|
| Bhutan (offshore) | Up to 1:2000 | Up to 1:1000 |
| Forex major pairs | 1:2000 | 1:1000 |
| 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 | EasyMarkets | Alpari | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | ✗ | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | Alpari |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | Alpari |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✗ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✗ |
| Hedging allowed | ✓ | ✓ |
EasyMarkets provides its proprietary web-based platform and mobile app, which are intuitive and require no download. It also offers TradingView integration for charting. Alpari offers MetaTrader 4 and MetaTrader 5, the industry-standard platforms with advanced charting tools, automated trading via Expert Advisors, and custom indicators. For Bhutan traders who prefer simplicity and quick execution, EasyMarkets’ platform is ideal. For those needing advanced analysis or algorithmic trading, Alpari’s MT4/MT5 are better suited.
| Factor | EasyMarkets | Alpari | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Alpari |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✗ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
EasyMarkets uses a market maker model with no requotes and fixed spreads, ensuring consistent execution during volatile markets. Alpari uses an ECN/STP model with variable spreads and no dealing desk intervention, offering faster execution for large volumes. For Bhutan traders, EasyMarkets’ execution is more predictable, while Alpari’s model is better for scalping or high-frequency trading.
| Safety Factor | EasyMarkets | Alpari |
|---|---|---|
| Primary regulator | CySEC | FSC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✗ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
EasyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), providing strong investor protection under EU and Australian laws. Alpari is regulated by the Financial Services Authority (FSA) in Seychelles and the Financial Conduct Authority (FCA) in the UK (for international clients). Neither broker is regulated by the local financial regulator in Bhutan. For Bhutan traders, EasyMarkets’ CySEC regulation offers higher protection, including negative balance protection, while Alpari’s Seychelles license is less stringent. Traders should consider this when choosing a broker.
| Payment Method | EasyMarkets | Alpari |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✓ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | Cryptocurrency / E-Wallets: Instant to 2 hours (after internal processing).Credit / Debit Cards: 2 to 10 business days.Bank Wire Transfers: 3 to 5 business days. |
Both EasyMarkets and Alpari support Bank Transfer, Skrill, Neteller, and USDT TRC20 for Bhutan traders. EasyMarkets processes e-wallet and crypto deposits instantly, while bank transfers take 1-3 business days. Withdrawals are usually processed within 1-2 business days for e-wallets and 3-5 days for bank transfers. Alpari also offers instant deposits for Skrill, Neteller, and USDT TRC20, with bank transfers taking 1-2 days. Withdrawal times are similar. EasyMarkets does not charge deposit fees, but third-party bank fees may apply. Alpari may charge a small fee for bank transfers. Both brokers accept USD as base currency, which is convenient for Bhutan traders.
| Islamic Account Feature | EasyMarkets | Alpari |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
EasyMarkets offers Islamic (swap-free) accounts automatically upon request, with no swap fees on overnight positions. Alpari also provides Islamic accounts, but traders must apply via customer support and provide proof of Muslim faith. Both brokers do not charge extra fees for Islamic accounts. For Bhutan Muslim traders, EasyMarkets’ automatic process is simpler, while Alpari’s manual verification may take a few days. Swap-free accounts are available for all major and minor currency pairs.
| Support Feature | EasyMarkets | Alpari | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
EasyMarkets offers 24/5 live chat, email, and phone support in English. Alpari also provides 24/5 support via live chat and email. Both brokers have limited support during Bhutan standard time (BST) weekends. EasyMarkets’ support is known for faster response times (under 2 minutes on live chat), while Alpari may take slightly longer. For Bhutan traders, EasyMarkets’ support is more reliable for urgent queries.
| Mobile Feature | EasyMarkets | Alpari | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | Alpari | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose Alpari if you...
For Bhutan traders, EasyMarkets is the better choice overall due to its higher score (3.4/5), fixed spreads, strong CySEC regulation, and user-friendly platform. It is ideal for retail traders who value simplicity and cost predictability. Alpari is a strong alternative for experienced traders who need raw spreads and advanced MT4/MT5 platforms. Both brokers support local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, making deposits and withdrawals easy in USD. However, neither is regulated by the local financial regulator in Bhutan, so traders should trade cautiously. If you are a beginner, start with EasyMarkets; if you scalp or trade high volume, choose Alpari.