EasyMarkets vs FP Markets: A Complete Comparison for Canada Traders (2026)

For Canada traders, trading costs are a critical factor, especially when dealing with volatile markets. FP Markets clearly outperforms EasyMarkets in this area. FP Markets offers an ECN account with raw spreads from 0.0 pips on major pairs like EUR/USD and a commission of $3 per lot per side. EasyMarkets, by contrast, charges fixed spreads – 1.2 pips on EUR/USD, 1.5 pips on USD/CAD – with no commission. For a Canadian trading 10 standard lots per month on EUR/USD, the savings with FP Markets can exceed $800 CAD monthly. EasyMarkets’ fixed spreads provide cost certainty, which some traders prefer, but for volume-focused Canadian traders, FP Markets’ tighter spreads deliver superior value.

Platform selection matters for Canadian traders who need tools that support local trading hours and provide reliable charting. FP Markets offers MetaTrader 4, MetaTrader 5, and cTrader – all widely used and supporting automated trading, advanced indicators, and one-click execution. EasyMarkets provides its proprietary web-based platform and mobile app, plus MetaTrader 4. The web platform is intuitive and includes risk-management tools like deal cancellations and guaranteed stop-loss, which can appeal to Canadian beginners. However, FP Markets’ multi-platform support, especially cTrader with its depth of market and advanced order types, gives experienced Canadian traders more flexibility. Both platforms support CAD-denominated accounts.

Execution quality matters for Canadian traders, especially those trading volatile CAD pairs. FP Markets uses ECN/STP execution with direct market access, ensuring fast fills and no requotes. EasyMarkets operates on a market maker model with fixed spreads, which can lead to slower execution during major news events. FP Markets’ execution is superior for scalping and high-frequency trading, while EasyMarkets is reliable for standard retail positions. For Canadian traders who prioritize speed, FP Markets is the clear winner.

Regulation is a key concern for Canadian traders. IIROC regulates domestic brokers in Canada, providing protection up to $1 million CAD. However, neither EasyMarkets nor FP Markets holds an IIROC license. EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), while FP Markets is regulated by ASIC and CySEC. ASIC regulation imposes strict client money segregation and leverage limits (1:30 for retail), which applies to Canadian clients using these brokers. The absence of IIROC oversight means Canadian traders do not have access to the Canadian Investor Protection Fund (CIPF). Both brokers are legal to use in Canada, but traders should weigh the higher protection offered by IIROC versus the trading conditions these international brokers provide.

Canadian traders benefit from convenient deposit and withdrawal options at both brokers. EasyMarkets and FP Markets support Bank Transfer, Interac, and Credit Card (Visa, Mastercard). Interac is the fastest method for Canadians, with instant deposits and typically no fees – EasyMarkets processes Interac deposits within minutes, while FP Markets also supports Interac e-Transfer. Credit card deposits are accepted but may involve cash advance fees from the card issuer. Bank transfers are slower (1-5 business days) and often incur bank fees. Withdrawals at both brokers are usually processed within 1-2 days for e-wallets and slightly longer for bank transfers. FP Markets has a slight edge with additional methods like PayPal and POLi, but for Canadian traders, Interac is the star. Minimum deposits are similar – $100 CAD equivalent for EasyMarkets and ~$90 CAD for FP Markets.

Muslim traders in Canada may require swap-free accounts to comply with Islamic finance principles. Both EasyMarkets and FP Markets offer Islamic accounts. EasyMarkets provides a dedicated swap-free account for clients who request it, with no interest charges on overnight positions and no hidden fees. FP Markets also offers swap-free status on request for its Standard and ECN accounts, but it is not automatically available on all account types. Canadian Muslim traders should check that the account they choose supports Islamic trading and confirm any eligibility requirements. In practice, both brokers accommodate this need, though EasyMarkets’ straightforward approach may be simpler for new traders.

Customer support for Canadian traders is available 24/5 from both brokers, covering core forex market hours. EasyMarkets offers live chat, email, and phone support with a dedicated Canadian toll-free number. FP Markets also provides live chat, email, and phone support, with a global support desk that responds in English. FP Markets’ support is generally faster for technical issues, while EasyMarkets’ team is more personal. Both brokers have extensive FAQ sections that address Canadian-specific questions like deposit methods and regulatory status.