EasyMarkets vs FP Markets 2026: Which Broker Suits Ethiopian Traders Best?

For Ethiopian traders focused on minimising costs, FP Markets generally offers lower spreads than EasyMarkets. FP Markets' Raw ECN account provides floating spreads from 0.0 pips on major pairs, with a small commission per trade. EasyMarkets uses fixed spreads that are wider, often around 1.2 pips on EUR/USD, which can eat into profits over many trades. If you trade moderate volumes, FP Markets' cost structure is more competitive. EasyMarkets may appeal to those who prefer predictable costs and no commission, but overall, FP Markets wins on cost efficiency for Ethiopia traders.

EasyMarkets provides its proprietary web platform and mobile app, designed for simplicity with built-in risk management tools like deal cancellation and freeze rate. This is ideal for Ethiopian beginners who want an uncluttered interface. FP Markets offers MetaTrader 4, MetaTrader 5, and cTrader – industry-standard platforms with advanced charting, automated trading, and copy trading. Ethiopian traders who need flexibility and powerful analysis will prefer FP Markets, while EasyMarkets suits those who value ease of use over advanced features.

FP Markets offers superior execution with no dealing desk (NDD) and ECN technology, providing fast fills with average speeds under 40ms. EasyMarkets uses a market maker model, which can lead to requotes during volatile news. For Ethiopian traders who trade during overlapping sessions (London/New York), FP Markets' execution reliability is a clear advantage, especially for scalping or high-frequency strategies.

EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), while FP Markets is regulated by ASIC (Australia), CySEC, and the FSA (Seychelles). Neither broker is licensed by the National Bank of Ethiopia (NBE). For Ethiopian traders, this means you rely on the brokers' international reputation and client fund segregation. FP Markets' broader regulation and longer track record (since 2005) offer more confidence. Always check the specific entity you open an account with, as different branches have different protections. The lack of local regulation is a common reality for Ethiopian forex users.

Both EasyMarkets and FP Markets support Ethiopian-friendly deposit and withdrawal methods. You can fund your account using CBE Birr via local bank transfer, international bank transfer, or USDT (Tether). EasyMarkets also accepts credit/debit cards and e-wallets like Neteller and Skrill. FP Markets additionally supports Skrill and Neteller, plus UnionPay. For withdrawals, FP Markets processes faster (same day for crypto), while EasyMarkets takes 1–3 business days. Minimum deposits vary: EasyMarkets requires $100 (approx 5,600 ETB) and FP Markets requires $50 (approx 2,800 ETB). USDT is the quickest option for Ethiopian traders to avoid bank delays.

Ethiopian Muslim traders can use Islamic (swap-free) accounts at both brokers. EasyMarkets offers an explicit Islamic account with no overnight interest and no hidden fees, available instantly upon request. FP Markets also offers swap-free accounts across all account types, automatically removing swaps for positions held overnight. Both brokers meet Sharia compliance. As Ethiopia has a large Muslim population, this is a key advantage for both. There are no additional costs for these accounts at either broker, making them equally suitable for Islamic trading.

EasyMarkets provides 24/5 live chat, email, and phone support in multiple languages, but not Amharic. FP Markets offers 24/7 live chat and email support, also available in English and other languages. For Ethiopian traders, the lack of local language support is a drawback for both. FP Markets' 24/7 availability is beneficial if you trade after hours. Response times are similar, but FP Markets has a slightly more comprehensive knowledge base for troubleshooting.