Which broker is better for Malaysia traders in 2026? Expert analysis across 12 categories.
For experienced traders in Malaysia, choosing between EasyMarkets and FP Markets comes down to balancing cost, platform variety, and local convenience. EasyMarkets, with a Trustpilot-like score of 3.4/5, is known for its user-friendly fixed spread accounts and risk management tools. FP Markets, rated 4.7/5, is a popular choice among active traders for its ultra-low spreads, fast execution, and extensive platform support. Malaysia traders benefit from both brokers accepting local payment methods such as FPX, Bank Transfer, Skrill, and USDT, along with MYR-friendly deposit options. While neither broker is directly regulated by the Securities Commission Malaysia (SC), they hold reputable international licenses from CySEC and ASIC. This comparison focuses on what matters most to Malaysian traders: trading costs, deposit options, Islamic accounts, and regulatory protection in the local context.
| 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 |
FP Markets clearly leads on trading costs for Malaysia traders, offering raw spreads from 0.0 pips on its Razor account with a commission of just USD 3 per lot. EasyMarkets uses fixed spreads, typically 1.0–1.5 pips on EUR/USD, which are higher but predictable – a feature that can appeal to those who prefer no surprises. For experienced traders executing multiple lots daily, FP Markets’ variable pricing reduces costs significantly. Traders using MYR accounts should note that conversion fees may apply, but both brokers allow deposits in USD and withdrawals in MYR via FPX or bank transfers, minimizing extra charges. Volume-based traders will find FP Markets more economical over time.
| 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 |
|---|---|---|
| Malaysia (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 | ✓ | ✓ |
FP Markets offers a superior platform selection for Malaysia traders, including MetaTrader 4, MetaTrader 5, cTrader, and a proprietary web trader – ideal for experienced traders who want advanced charting and algorithmic trading. EasyMarkets provides its own web-based platform and mobile app, which are simpler and integrate risk management features like dealCancellation and free guaranteed stops. For Malaysia traders using VPS or automated strategies, FP Markets’ compatibility with MT4/5 and cTrader is a strong advantage. EasyMarkets’ platform is easier to use but lacks depth for high-frequency or EA traders.
| 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 |
FP Markets is known for excellent execution speeds, averaging under 30ms on its Equinix NY4 servers – ideal for scalpers and algorithmic traders. EasyMarkets offers decent execution but with fixed spreads and occasional requotes during high volatility. FP Markets’ ECN/STP model ensures no dealing desk interference, which experienced Malaysia traders will appreciate for tight spreads and fast fills. EasyMarkets’ execution is more beginner-friendly with guaranteed stop losses, but at the cost of speed.
| Safety Factor | EasyMarkets | FP Markets |
|---|---|---|
| Primary regulator | CySEC | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Neither EasyMarkets nor FP Markets is regulated by the Securities Commission Malaysia (SC), meaning Malaysian traders trade at their own risk. EasyMarkets is regulated by CySEC (EU) and the FSA (Seychelles). FP Markets holds licenses from ASIC (Australia) and the FSA (Seychelles). ASIC regulation provides a higher level of client fund protection and dispute resolution, which gives FP Markets an edge. Both brokers offer negative balance protection on certain entities. Malaysia traders should be aware that SC-regulated brokers are safer, but these international brokers still follow strict financial audits and segregation of funds.
| 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 |
Both brokers support multiple deposit methods popular in Malaysia: FPX, Bank Transfer, Skrill, and USDT. FP Markets additionally accepts local online banking via FPX, allowing instant MYR transfers without conversion fees. EasyMarkets also supports Bank Transfer, Skrill, and USDT but lacks FPX. Minimum deposits are affordable – EasyMarkets from USD 25, FP Markets from USD 100. Withdrawals are processed within 1–3 business days for both, with FP Markets offering faster processing for FPX transfers. USDT deposits are available on both brokers, appealing to crypto-savvy Malaysia traders. Always check for any hidden fees on third-party payment processors. Both brokers allow withdrawals back to the original payment method, ensuring compliance with anti-money laundering rules.
| 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 Malaysia’s Muslim traders, both EasyMarkets and FP Markets provide Islamic (swap-free) accounts. EasyMarkets offers Islamic accounts upon request, with no swap or interest applied to overnight positions. FP Markets automatically assigns Islamic status to clients from Malaysia, with zero swap charges on all forex and CFD trades. Both brokers ensure compliance with Shariah principles by not charging or paying interest. FP Markets’ automatic setup is more convenient, while EasyMarkets requires a support request. There are no extra fees or time limits on these accounts, making both suitable for long-term position holders.
| 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 |
FP Markets offers 24/7 multilingual customer support via live chat, email, and phone, with a dedicated team for Asia-Pacific hours – a big plus for Malaysia traders. EasyMarkets provides 24/5 support with live chat and email, plus a callback service. Response times are fast for both, but FP Markets’ extended hours cover weekend trading and account issues. Both have extensive FAQ sections, but FP Markets’ local time zone support gives it a slight edge.
| 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 experienced Malaysia traders, FP Markets is the clear winner with its higher rating, lower trading costs, advanced platforms, and local payment support including FPX. While EasyMarkets offers fixed spreads and unique risk management tools, it falls short on execution speed and platform depth. Both brokers lack direct SC Malaysia regulation, but FP Markets’ ASIC license offers stronger oversight. Malaysia traders should consider their trading style: scalpers and EA users will benefit from FP Markets, while risk-averse traders may prefer EasyMarkets’ simplicity. Overall, FP Markets provides the better value for serious traders in Malaysia, especially given MYR-friendly deposit options via FPX, Skrill, and USDT.