EasyMarkets vs FP Markets (2026): Which is Better for Taiwan Traders?

Costs are critical for experienced Taiwan traders. EasyMarkets operates on fixed spreads starting from 1.0 pips on major forex pairs with no commission – straightforward but relatively expensive for high-frequency strategies. FP Markets offers two account types: Standard (commission-free with spreads from 1.0 pips) and Raw ECN (spreads from 0.0 pips plus a $3 per lot commission). For Taiwan traders trading multiple lots daily, the Raw ECN account can reduce total costs by 30–50%. Swap rates also differ; FP Markets typically offers competitive swap rates, while EasyMarkets charges moderate swap fees. Both brokers publish real-time spread comparisons on their websites, allowing Taiwan traders to verify numbers before committing.

Platform choice can make or break the trading experience. EasyMarkets provides its proprietary web trader alongside MetaTrader 4 and 5 – all available in Chinese and optimised for desktop and mobile. FP Markets goes further by offering MT4, MT5, cTrader, and IRESS – catering to different trading styles. For experienced Taiwan traders, cTrader provides advanced charting and algorithmic trading capabilities, while IRESS suits stock and CFD traders. Both brokers have mobile apps in both Chinese and English, but FP Markets’ wider platform selection gives it an edge for traders who want flexibility or need to automate strategies.

Execution quality is paramount for experienced traders. EasyMarkets uses a market maker model with No Dealing Desk execution on MT4/MT5, fixing spreads and guaranteeing no slippage – but this can result in requotes during volatile markets. FP Markets operates as an ECN/STP broker, offering direct market access with raw spreads and fast execution (average 40ms). For Taiwan traders scalp trading or using automated EA strategies, FP Markets’ model minimises requotes and provides better fills. The Raw ECN account allows for true price transparency, while EasyMarkets’ fixed spreads provide predictability at the cost of higher spread costs.

Regulation is a key concern for Taiwan traders. EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), with negative balance protection for retail clients. FP Markets holds licences from ASIC, CySEC, and the FSA in Seychelles. Neither broker is supervised by the FSC Taiwan. This means Taiwan traders do not have local regulatory recourse in case of disputes. However, both brokers comply with international standards and offer segregated client accounts. For enhanced safety, Taiwan traders should verify the broker’s compensation scheme – FP Markets’ Australian entity offers the FOS scheme, while EasyMarkets’ EU clients benefit from ICF coverage. It’s advisable to check the latest regulatory status on each broker’s official website.

Depositing and withdrawing in TWD is straightforward with both brokers. EasyMarkets supports Bank Transfer (TWD), Credit Card, and local options like UnionPay. Minimum deposit is $25 USD (approx 800 TWD). Withdrawals are free from $50 USD, usually processed within 1–2 business days. FP Markets also accepts Bank Transfer and Credit Card, plus Neteller and PayPal. Minimum deposit is $100 USD (approx 3,200 TWD) for Standard accounts and $200 USD for Raw ECN. Withdrawals are free after the first monthly withdrawal, with subsequent withdrawals costing a small fee. Both brokers may charge currency conversion fees if TWD is not the account base currency – FP Markets offers multi-currency accounts to reduce this. Processing times: Bank Transfer 1–3 days, Credit Card instant for deposits, withdrawals 24–48 hours.

Muslim traders in Taiwan can open swap-free (Islamic) accounts with both brokers. EasyMarkets offers Islamic accounts on all account types after providing proof of faith (e.g., copy of ID or a letter from a mosque). FP Markets grants swap-free status on request for most account types, typically without requiring documentation for Raw ECN accounts, but conditions apply regarding holding periods and trading activity. Both brokers waive swap/rollover interest but may charge an administration fee after a certain number of days. Taiwan traders should confirm the exact terms with each broker’s support team, as policies can change. For long-term trend followers, ensure the account remains swap-free indefinitely (FP Markets) or has a fixed period (EasyMarkets).

Customer support matters for Taiwan traders, especially when dealing with deposits or platform issues in local time. EasyMarkets offers 24/5 live chat, email, and phone support with a dedicated team that provides Mandarin-speaking assistance during Asian hours. FP Markets also provides 24/7 live chat, phone, and email, with a multilingual team that includes Mandarin speakers. Both brokers have a knowledge base in Chinese. FP Markets slightly edges ahead with round-the-clock availability, but EasyMarkets’ focused weekday support suffices for most retail traders. Response times are generally within minutes for live chat and a few hours for email.