EasyMarkets vs FP Markets for Chilean Traders in 2026

For Chilean traders, spread costs matter even more when trading in USD because CLP-based profits are converted after each transaction. FP Markets offers a Raw account with spreads from 0.0 pips on major pairs like EUR/USD plus a competitive commission, making it the lower-cost choice for traders who execute multiple lots per day. EasyMarkets, by contrast, uses fixed spreads that can be 1.4 pips or higher on EUR/USD, with no commission. On a 10-lot trade, the spread difference between these models can account for hundreds of dollars per month. If you are an experienced retail trader in Chile who trades actively or scalps, FP Markets is usually cheaper. If you prefer a static cost that does not widen during news events or Chilean session volatility, EasyMarkets fixed spreads offer that budgeting certainty.

EasyMarkets provides a proprietary web trader and mobile app that are fast to load and include risk management features like stop-loss guarantees and the ability to reverse a losing trade. FP Markets offers MetaTrader 4, MetaTrader 5, and cTrader, giving Chilean traders full access to advanced charting tools, custom indicators, and algorithmic trading. For experienced traders, the platform choice is often the deciding factor: EasyMarkets is simpler but limited, while FP Markets supports the full range of expert advisors and automated strategies used in modern trading. Chilean traders who trade on the go will also find that FP Markets MT5 mobile app provides better order management and market depth than EasyMarkets mobile interface.

Execution quality is where FP Markets separates itself. As an ECN/STP broker, FP Markets passes trades directly to liquidity providers, resulting in fast execution and minimal requotes. EasyMarkets uses dealing desk execution with fixed spreads, which means slower execution and occasional requotes during volatile conditions. For Chilean traders who open and close positions around economic data releases, FP Markets offers better fill reliability and lower slippage. EasyMarkets compensates with a guaranteed stop-loss feature, but for scalpers and high-frequency strategies, FP Markets is the stronger execution provider.

Neither EasyMarkets nor FP Markets is regulated by the CMF Chile. EasyMarkets operates under licenses from ASIC in Australia and CySEC in Europe. FP Markets is overseen by ASIC and is also registered with the Financial Services Authority in St. Vincent and the Grenadines. For a Chilean trader, this means there is no local regulatory ombudsman to handle complaints, and investor protection schemes such as those offered by CMF-authorized local brokers do not apply. In practice, both brokers have a long operating history and are widely used by international clients, but you should verify their license status before depositing. Additionally, Chilean tax law requires residents to report and pay taxes on global trading income to the Servicio de Impuestos Internos (SII), regardless of where the broker is regulated.

Depositing from Chile is available at both brokers through Bank Transfer and Credit Card. Bank transfer in CLP or USD can take two to five business days depending on the Chilean bank and correspondent routing. Credit card deposits are processed instantly but may incur foreign exchange conversion fees from the card issuer because the brokers operate in USD. EasyMarkets supports Visa and Mastercard, plus Bank Wire and Skrill/Neteller for Chilean clients. FP Markets also accepts Visa and Mastercard alongside Bank Transfer and e-wallets. Withdrawals at both brokers are processed to the same method used for deposit where possible. Bank transfer withdrawals to Chilean accounts can take 3-7 business days, while card withdrawals are usually approved within 24 hours and credited shortly after. Chilean traders should always check the base currency of their trading account, as deposits in CLP will be converted to USD at the broker's or payment provider's rate.

For Muslim traders in Chile, both brokers offer Islamic accounts with no swap or rollover interest charged on overnight positions. EasyMarkets provides a swap-free account that also includes its fixed-spread model, though there may be an administrative fee after several nights. FP Markets offers swap-free conditions on its Standard and Raw accounts for clients who declare their Muslim faith, with no swap on FX, metals, and indices. Chilean Muslim traders should request the Islamic account activation via live chat or email before funding their accounts, and confirm whether any holding fees apply. Since Chile has a small Muslim community, the key is to verify the broker's policy at account opening stage.

Both brokers provide Spanish-language support for Chilean clients, which is essential for traders who prefer to communicate in their native language. EasyMarkets offers 24/5 live chat, email, and phone support, with response times usually under five minutes. FP Markets also supports Spanish via live chat and email, with phone support during market hours. For Chile, the practical difference is that FP Markets has a larger training and market analysis library in English, but its Spanish support is equally responsive. If you are a night trader, check whether their shift times cover UTC-3, the Chilean time zone.