Which broker is better for Myanmar traders in 2026? Expert analysis across 12 categories.
For emerging retail traders in Myanmar, choosing between EasyMarkets and FP Markets requires careful consideration of local trading needs. Both brokers accept Myanmar clients and support the MMK currency for deposits, but their offerings differ significantly. FP Markets stands out with a higher trust score of 4.7/5, lower spreads, and support for local payment methods like KBZPay and Wave Money. EasyMarkets, scoring 3.4/5, is more beginner-friendly with fixed spreads and a simplified platform, but lacks the advanced tools that many Myanmar traders seek. With the Securities and Exchange Commission of Myanmar (SECM) overseeing local financial activities, traders should also be aware that these brokers are not directly regulated by SECM, but they hold licenses from top-tier authorities. In this comparison, we break down costs, platforms, deposits, and more to help you decide.
| 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 |
Spread costs are crucial for Myanmar traders, especially those trading frequently. FP Markets offers Raw spreads starting from 0.0 pips with a small commission per lot, which significantly reduces trading costs for active scalpers and day traders. EasyMarkets uses fixed spreads that are typically 1.0 to 1.5 pips on major pairs, making costs predictable but higher. For a Myanmar trader executing 100 micro lots per month, FP Markets can save thousands of kyat in spread costs. The volume impact is clear: the more you trade, the more FP Markets becomes cost-effective.
| 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 |
|---|---|---|
| Myanmar (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 provides the industry-standard MetaTrader 4 and 5 platforms, which are widely used by Myanmar traders for their advanced charting, automated trading, and mobile apps. EasyMarkets offers a proprietary web-based platform with unique features like deal cancellation, but lacks the flexibility of MT4/5. For Myanmar traders who use Expert Advisors or technical indicators, FP Markets is the better choice. Both platforms are available on mobile, but FP Markets' ecosystem is more robust for serious trading.
| 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 |
Execution quality can directly impact profitability. FP Markets uses ECN/STP execution with no dealing desk, offering low latency and minimal slippage even during high volatility. This is ideal for scalpers and algorithmic traders in Myanmar. EasyMarkets uses a market execution model with a dealing desk, which can lead to occasional requotes and wider slippage during news events. For Myanmar traders who prioritize speed and precision, FP Markets is the superior choice.
| Safety Factor | EasyMarkets | FP Markets |
|---|---|---|
| Primary regulator | CySEC | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both brokers operate under strong international regulation: EasyMarkets is regulated by CySEC and the FSC, while FP Markets is regulated by ASIC and CySEC. Neither is directly regulated by the Securities and Exchange Commission of Myanmar (SECM), which means local trader protection is limited. However, ASIC and CySEC regulations provide high standards of fund segregation and dispute resolution. For Myanmar traders, this means the safety of funds relies on the broker's global compliance rather than local oversight. Always verify the regulatory status before depositing.
| 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 |
Depositing and withdrawing with MMK is straightforward for Myanmar traders, but the method differs between brokers. EasyMarkets accepts bank transfers and credit/debit cards, but does not support local e-wallets. FP Markets goes further by offering KBZPay, Wave Money, bank transfers, and even USDT (crypto) deposits. This wider range allows faster and cheaper transactions for Myanmar users. For withdrawals, FP Markets processes local e-wallet payments within hours, while bank transfers may take 1-3 business days. For emerging retail traders who rely on mobile payments, FP Markets is the more accessible choice. Note that some methods may have minimum deposit limits, and USDT deposits on FP Markets incur no conversion fees, ideal for those using crypto.
| 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 |
Both EasyMarkets and FP Markets offer Islamic accounts for Muslim traders in Myanmar who require swap-free trading in compliance with Sharia law. EasyMarkets provides a straightforward Islamic account with no swap charges, but may restrict trading on certain instruments or impose an admin fee. FP Markets offers Islamic accounts on both Standard and Raw spreads, giving Myanmar Muslim traders full access to all instruments without swap. FP Markets' policy is more flexible and cost-effective in the long run, making it the preferred choice for observant traders in Myanmar.
| 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 |
Customer support is vital for emerging traders in Myanmar, especially when navigating cross-border issues. EasyMarkets offers 24/5 live chat and email support with limited language options. FP Markets provides 24/7 support via live chat, phone, and email, with multilingual agents including some who speak Burmese. For Myanmar traders facing time zone differences or urgent trading questions, FP Markets' round-the-clock support is a clear advantage, ensuring help is always available.
| 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 most emerging retail traders in Myanmar, FP Markets is the clear winner due to its higher overall rating (4.7/5), lower costs, and better local payment support including KBZPay, Wave Money, bank transfer, and USDT. EasyMarkets may appeal to absolute beginners who value simplicity and the unique deal cancellation feature, but its higher spreads and lack of local e-wallets limit its appeal. Consider that both brokers are not regulated by SECM, so always trade with caution and within your comfort level. Ultimately, FP Markets offers better value for Myanmar traders who plan to trade actively and need flexible deposit options.