EasyMarkets vs FP Markets: Which Broker Suits Mongolia Traders in 2026?

Spread costs are a major factor for Mongolian traders, especially those trading frequently or in larger volumes. FP Markets offers Raw spreads from 0.0 pips with a commission per lot (e.g., AUD 3 per side), while EasyMarkets uses fixed spreads averaging 1.0–1.5 pips with no commission. For a standard lot trade, FP Markets’ total cost is often lower once commission is included—especially for high-volume scalpers. EasyMarkets’ fixed spreads are predictable but higher, benefiting slow markets but costing more during volatile periods. Mongolian traders who trade multiple lots per day will find FP Markets significantly cheaper over the long term.

Platform choice is vital for Mongolia traders who often rely on mobile and desktop solutions. FP Markets provides MetaTrader 4, MetaTrader 5, and cTrader—all offering advanced charting, automated trading, and fast execution. EasyMarkets offers its proprietary web-based platform and MetaTrader 4, with a user-friendly interface suitable for beginners. For Mongolian traders needing versatility and algorithmic trading support, FP Markets’ multiple platforms are superior. EasyMarkets’ platform is simpler but lacks the depth needed for professional analysis. Both platforms are available in English and are compatible with local internet speeds.

Execution quality differs significantly between the two brokers. FP Markets uses ECN/STP technology with no dealing desk, offering low latency and fast execution (average 40 ms). EasyMarkets operates as a market maker with fixed spreads and guaranteed stop loss, but execution can be slower during news events and requotes may occur. For Mongolian traders who scalp or trade during high volatility, FP Markets’ direct market access is clearly superior. EasyMarkets’ guaranteed stop loss is useful for risk-averse traders, but at the cost of execution speed.

Both brokers are regulated by top-tier authorities: EasyMarkets by CySEC (Cyprus) and ASIC (Australia), and FP Markets by ASIC and the FSA (Seychelles). While the Financial Regulatory Commission (FRC) of Mongolia does not directly license these brokers, their international regulation provides strong client fund protection, including segregation and compensation schemes. For Mongolian traders, FP Markets’ ASIC regulation is particularly robust, requiring strict capital adequacy and audit standards. EasyMarkets’ CySEC regulation also offers investor compensation up to €20,000. Traders should verify the specific entity accepting Mongolia clients, as offshore entities may have less protection.

Depositing and withdrawing funds is convenient for Mongolia traders at both brokers. Supported methods include Bank Transfer (local banks), QPay (popular instant payment), and USDT (cryptocurrency). FP Markets also accepts credit cards (Visa, Mastercard) and e-wallets (Neteller, Skrill), giving more flexibility. EasyMarkets supports Bank Transfer, QPay, USDT, and also offers a broker-specific debit card. Minimum deposits: EasyMarkets $100, FP Markets $100 AUD. Withdrawals are processed within 1–3 business days, with QPay and USDT being the fastest options (near-instant). Fees are minimal; FP Markets does not charge deposit fees, while EasyMarkets may add a small fee for certain methods. Mongolian traders prefer QPay for its speed and zero fees, while USDT offers privacy and low cost.

Both brokers cater to Muslim traders in Mongolia with Islamic (swap-free) accounts. EasyMarkets offers swap-free accounts on all account types with no expiration, but may apply a small administration fee after a holding period. FP Markets offers Islamic accounts on Standard and Raw accounts, with no swap charges, and the feature remains active indefinitely. Traders must request the account via support. For Mongolian Muslim traders seeking minimal overnight holding costs, both brokers satisfy Sharia requirements. FP Markets’ policy is more straightforward with no additional fees for long-term positions.

Customer support quality can impact trading experience. FP Markets offers 24/7 multilingual support via live chat, email, and phone, with response times under 30 seconds. EasyMarkets provides 24/5 support via live chat, phone, and email, covering English and some Asian languages. For Mongolian traders who may trade at odd hours, FP Markets’ round-the-clock support is advantageous. Both brokers have knowledge bases and FAQs, but FP Markets’ faster live chat and dedicated account managers for VIP clients add extra value.