Which broker is better for Belgium traders in 2026? Expert analysis across 12 categories.
Belgium traders seeking a reliable forex broker often compare EasyMarkets and FP Markets. Both brokers are well-known internationally and accept Belgian clients under European MiFID regulations via their CySEC entities. The Belgian financial regulator (FSMA) monitors financial services, and both brokers are not on the FSMA warning list, offering a level of safety. For retail traders in Belgium, factors like trading costs, platform usability, and local payment methods (Bank Transfer, Skrill, Neteller, USDT TRC20) are crucial. EasyMarkets scores 3.4/5 with its fixed spreads and user-friendly web platform, ideal for beginners. FP Markets scores 4.7/5, offering tighter spreads, multiple platform choices (MT4, MT5, cTrader), and superior execution. This comparison will help you decide which broker aligns best with your trading style and local needs in Belgium.
| Instrument | EasyMarkets | 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 | $25 | $100 | FP Markets |
For Belgian traders, trading costs are a key consideration. FP Markets offers two account types: Standard (spreads from 1.0 pips, no commission) and Raw (spreads from 0.0 pips with $3 commission per lot round turn). On EUR/USD, Raw spreads average 0.2 pips, significantly lower than EasyMarkets' fixed spreads of 1.0+ pips. For high-volume traders, FP Markets can reduce costs by hundreds of dollars per month. EasyMarkets' fixed spreads provide predictability, which can be beneficial for budget-conscious traders. However, if you trade multiple lots daily, FP Markets' lower spreads are more advantageous. Both brokers have no hidden fees for Belgian accounts.
| Account Type | EasyMarkets | FP Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $100 |
| Entity / Asset | EasyMarkets | FP Markets |
|---|---|---|
| Belgium (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 | EasyMarkets | FP Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | 1,700+ | FP Markets |
| ETFs | ✗ | ✓ | Tie |
| Platform | EasyMarkets | FP Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✓ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Belgium traders will find different platform offerings. EasyMarkets provides its proprietary web-based platform and mobile apps, known for simplicity and features like DealCancel (ability to cancel a trade within 6 hours). FP Markets offers the industry-standard MetaTrader 4, MetaTrader 5, and cTrader platforms, all available on desktop, web, and mobile. For Belgian traders who prefer advanced charting, automated trading via Expert Advisors, or algorithmic trading, FP Markets is the better choice. EasyMarkets' platform is easier to use for beginners but lacks the depth of tools that experienced traders expect.
| Factor | EasyMarkets | FP Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FP Markets |
| 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 |
Execution quality varies between the brokers. EasyMarkets uses a market maker model with fixed spreads and no requotes, but execution speeds are moderate. FP Markets offers straight-through-processing (STP) and electronic communication network (ECN) execution on its Raw account, providing faster order fills and deeper liquidity. For Belgian traders who trade volatile news events or scalping, FP Markets' execution is superior. EasyMarkets is adequate for day traders and longer-term positions. Both brokers provide no-dealing-desk (NDD) execution on relevant accounts, but FP Markets' infrastructure is more robust for high-frequency trading.
| Safety Factor | EasyMarkets | FP Markets |
|---|---|---|
| Primary regulator | CySEC | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both EasyMarkets and FP Markets are regulated by top-tier authorities. EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), while FP Markets is regulated by ASIC, CySEC, and the FSA (Seychelles). For Belgian clients, they operate under their CySEC licenses, which are passported into the European Union under MiFID II. This means Belgian traders receive investor protection up to €20,000 through the ICF (Investor Compensation Fund). The Belgian financial regulator (FSMA) does not directly oversee these brokers but acknowledges the European passporting system. Traders should always verify that the entity they use is CySEC-regulated. Both brokers also adhere to negative balance protection, which is mandatory for retail clients in the EU.
| Payment Method | EasyMarkets | FP Markets |
|---|---|---|
| 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) | 24 hours |
Belgian traders can fund their accounts using several methods. Both EasyMarkets and FP Markets support Bank Transfer (SEPA), Skrill, Neteller, and USDT TRC20. EasyMarkets also accepts credit/debit cards and PayPal, while FP Markets additionally offers POLi, BPAY, and UnionPay. Minimum deposits: EasyMarkets $100, FP Markets $100 for standard accounts. USDT TRC20 deposits are processed instantly and without bank involvement, a popular choice for crypto-savvy traders. Skrill and Neteller deposits are typically instant and have low fees. Bank transfers via SEPA are free and usually take 1-2 business days. Withdrawal processing times: EasyMarkets processes withdrawals within 1-3 business days, FP Markets within 24 hours for e-wallets. Both brokers do not charge internal withdrawal fees, but third-party payment providers may apply conversion charges. Belgian traders should note that Skrill and Neteller may have country-specific limits; always verify with the provider.
| Islamic Account Feature | EasyMarkets | 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 |
For Muslim traders in Belgium, both EasyMarkets and FP Markets offer Islamic (swap-free) accounts that comply with Sharia law. These accounts do not charge or pay overnight rollover interest. EasyMarkets provides Islamic accounts upon request for all account types, while FP Markets offers swap-free accounts on Standard and Raw accounts. Belgian Muslim traders should note that swap-free status is typically granted after account opening and may require a declaration of faith. Neither broker charges additional fees for maintaining an Islamic account, but some restrictions on holding positions for extended periods may apply. It is advisable to contact customer support to confirm eligibility and terms.
| Support Feature | EasyMarkets | FP Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support is crucial for Belgium traders. EasyMarkets offers 24/5 live chat, email, and phone support in multiple languages including Dutch and French, catering to Belgium's bilingual population. FP Markets provides 24/7 live chat, email, and phone support, with English as primary language but also offering support in other languages on request. Response times are generally quick for both, but FP Markets' 24/7 availability gives it an edge for traders who need assistance outside standard European business hours. Both brokers have comprehensive FAQ sections and educational resources.
| Mobile Feature | EasyMarkets | FP Markets | 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 | ✗ | ✓ | FP Markets |
| Resource | EasyMarkets | FP Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | EasyMarkets |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose FP Markets if you...
For Belgium retail traders, the choice between EasyMarkets and FP Markets comes down to priorities. EasyMarkets is a solid option for beginners who value simplicity, fixed costs, and unique features like DealCancel. Its support for local payments (Bank Transfer, Skrill, Neteller, USDT TRC20) and regulation under CySEC passported into Belgium make it a safe pick. However, FP Markets wins on overall score (4.7 vs 3.4), lower spreads, faster execution, and platform variety. For traders who trade frequently or seek the best cost efficiency, FP Markets is the superior choice. Both brokers comply with Belgian regulations under ESMA's framework. If you prioritize low costs and advanced tools, go with FP Markets. If you are new and prefer a hands-on, risk-managed experience, EasyMarkets is a good alternative.