EasyMarkets vs FP Markets (2026): Kenya Trader Comparison

Cost is a decisive factor for Kenya traders, especially those trading actively on the KES/USD pairs and other major crosses. EasyMarkets operates a dealing desk model with fixed spreads: EUR/USD at 1.5 pips, no commission. While this protects you from slippage during news events, it is expensive for frequent traders. FP Markets offers two account types: Standard (spreads from 1.0 pips, no commission) and Raw (spreads from 0.0 pips, $3 commission per lot). For a volume of 5 standard lots per month, FP Markets Raw can be 60% cheaper than EasyMarkets. Kenyan traders who trade multiple lots per day will find FP Markets far more cost-efficient.

Kenya traders use a mix of mobile devices and desktops. EasyMarkets provides only its proprietary web-based platform and a mobile app. While the interface is clean and beginner-friendly, it lacks advanced charting tools and automated trading. FP Markets offers the full suite: MetaTrader 4 and 5, cTrader, and TradingView. This flexibility is especially useful for Kenyan traders who want to use Expert Advisors (EAs) or copy trade via third-party signal services. The TradingView integration is a big plus for chartists. If you are a mobile-first trader, FP Markets’ MT5 app is feature-rich, while EasyMarkets’ app is simpler but limited.

Execution quality affects your bottom line, especially in fast-moving markets. EasyMarkets uses a dealing desk model with fixed spreads, which means it may reject or requote orders during volatile periods. FP Markets uses STP/ECN execution with no dealing desk, offering faster fills and lower slippage. For Kenya traders scalping or using EAs, FP Markets is clearly superior. EasyMarkets can be acceptable for long-term position traders who value price certainty over speed.

Neither EasyMarkets nor FP Markets is licensed by the Capital Markets Authority (CMA) Kenya. EasyMarkets is regulated by CySEC in Cyprus and by the FSA in Seychelles. FP Markets holds licenses from ASIC in Australia and the FSA in Seychelles. For Kenya traders, this means your protection depends on the broker's home regulator. ASIC (for FP Markets) offers strong client fund segregation and compensation schemes. CySEC (EasyMarkets) also requires client money segregation but with a lower compensation limit. While both are offshore for Kenya, FP Markets’ ASIC regulation is considered more robust. Ensure you confirm the regulator on the broker’s website before depositing.

Kenya traders benefit from multiple deposit and withdrawal options at both brokers. EasyMarkets accepts M-Pesa and Bank Transfer deposits. The minimum deposit is $100 (approx. KES 13,000). Withdrawals are processed within 1-3 business days, with M-Pesa withdrawals available. FP Markets also supports M-Pesa and Bank Transfer, plus USDT (Tether) deposits—a boon for traders who hold crypto. Minimum deposit is $50 (approx. KES 6,500) on the Standard account. Withdrawals to M-Pesa are typically processed within 24 hours. For Kenya traders, FP Markets’ lower minimum and USDT option make it more accessible. Always check current exchange rates as KES amounts fluctuate.

Kenya has a significant Muslim population, and both brokers accommodate Islamic (swap-free) accounts. EasyMarkets offers swap-free accounts upon request, allowing you to hold positions overnight without paying or receiving interest. The process requires contacting customer support and may have restrictions on certain instruments. FP Markets also provides Islamic accounts for all account types—Standard, Raw, and even for cTrader. You can activate it during registration or by contacting support. FP Markets’ swap-free policy is clearer and applies to a wider range of assets. For Kenyan Muslim traders, either broker works, but FP Markets offers a smoother activation process.

Customer support matters when you are trading from Kenya, especially if you need help with M-Pesa deposits or platform issues. EasyMarkets provides 24/5 live chat, phone, and email support in English. FP Markets also offers 24/5 live chat and email, with direct contact numbers. Both are responsive, but FP Markets has a slight edge with faster live chat response times and dedicated account managers for higher-volume traders. Neither broker has a local Kenya phone number, but both support WhatsApp communication, which is popular in Kenya.