EasyMarkets vs FP Markets: Singapore Trader Comparison 2026

For Singapore traders, trading costs directly impact profitability, especially when dealing in SGD pairs or high-frequency strategies. FP Markets offers a Raw account with spreads from 0.0 pips plus a commission of $3 per lot per side, making it highly competitive for scalpers and algorithmic traders. The Standard account has no commission but wider spreads starting from 1.0 pips. In contrast, EasyMarkets provides fixed spreads that average 1.2–1.5 pips on major pairs, with no hidden commissions. While EasyMarkets’ fixed spreads offer predictability, they are often higher than FP Markets’ variable spreads during liquid market hours. For a Singapore trader executing 10+ lots daily, FP Markets can save hundreds of SGD per month in spread costs.

Singapore traders often require powerful charting, customization, and fast order execution. FP Markets excels here with support for MetaTrader 4, MetaTrader 5, and cTrader—platforms that offer advanced technical indicators, algorithmic trading via Expert Advisors (EAs), and depth of market. EasyMarkets offers its proprietary web-based platform and a mobile app, but lacks third-party integrations like EAs. For sophisticated traders who rely on automated strategies or need advanced charting tools, FP Markets’ platform suite is far superior. However, EasyMarkets’ platform is simpler and includes unique risk management features like deal cancellation and negative balance protection, which may appeal to less experienced traders.

Execution speed is vital for Singapore traders, especially those using scalping or news strategies. FP Markets uses Equinix NY4 servers and offers low-latency execution with no dealing desk intervention. EasyMarkets uses a market maker model with fixed spreads, which can lead to requotes during volatile periods. For high-frequency trading, FP Markets’ ECN/STP execution is clearly superior.

Regulation is crucial for Singapore traders, especially under the Monetary Authority of Singapore (MAS). EasyMarkets is regulated by MAS (Capital Markets Services License) and also holds licenses from CySEC and ASIC, ensuring a strong compliance framework. FP Markets is regulated by ASIC (Australia) and CySEC, and operates under the MAS’s regulatory ambit by accepting Singapore clients. While FP Markets does not hold a direct MAS license, its Australian regulation is widely respected. For Singapore traders, both brokers offer negative balance protection and client fund segregation. However, EasyMarkets’ direct MAS oversight provides an extra layer of comfort for those who prioritize local regulatory recourse.

Singapore traders benefit from multiple local payment options at both brokers. EasyMarkets accepts PayNow, Bank Transfer (local SGD), and Credit Card (Visa/Mastercard). FP Markets also supports PayNow, Bank Transfer, and Credit Card, plus additional options like BPAY and POLi. Deposits are generally free, though credit card deposits may incur a small fee. Minimum deposits: EasyMarkets requires $100 (or SGD equivalent), while FP Markets requires $100 (or AUD 100). Withdrawals are processed quickly: EasyMarkets typically within 1 business day via bank transfer, while FP Markets processes withdrawals within 24 hours. Both brokers allow SGD withdrawals without conversion fees if using local bank transfers. The availability of PayNow makes funding instant for Singapore traders on both platforms.

Muslim traders in Singapore seeking swap-free accounts will find both brokers accommodating. EasyMarkets offers Islamic accounts with no rollover interest, applicable to all trading instruments. FP Markets also provides Islamic accounts across its Standard, Raw, and cTrader accounts, with no hidden fees for overnight positions. To activate an Islamic account, Singapore traders need to contact customer support and provide a declaration of faith. Both brokers ensure compliance with Sharia law, making them viable options for Singapore’s Muslim community. However, FP Markets offers a wider range of account types with Islamic features, which may appeal to traders who prefer specific platforms or cost structures.

Customer support is available in English for Singapore traders. EasyMarkets offers 24/5 live chat, phone, and email support with slow but helpful responses. FP Markets provides 24/7 live chat, phone support during Sydney hours, and a multilingual team. For Singapore traders in a different time zone (UTC+8), FP Markets’ 24/7 availability is advantageous for after-hours trading queries. Both brokers have knowledge bases, but FP Markets’ response time is typically faster.