EasyMarkets vs FP Markets for Uganda Traders (2026)

For Uganda traders, trading costs directly affect profitability – especially on smaller accounts. EasyMarkets uses fixed spreads from 1.2 pips on major pairs, with no commission. This is predictable but expensive. FP Markets offers variable spreads from 0.0 pips on its Raw ECN account (with a $3 commission per lot) and from 1.0 pip on the Standard account (commission-free). Over 100 trades a month, FP Markets saves you hundreds of thousands of UGX in spread costs. Active scalpers will benefit most from FP Markets’ tight pricing.

FP Markets wins on platform variety: MetaTrader 4, MetaTrader 5, cTrader, and a web trader. These are powerful for charting, EAs, and automated trading – a big plus for Uganda traders who use expert advisors. EasyMarkets offers only its own web-based platform and a mobile app. While simple to use, it lacks advanced order types and customisation. For Uganda traders wanting to run trading robots or analyse multiple charts, FP Markets is the clear choice.

FP Markets uses ECN/STP execution with no dealing desk intervention, offering ultra-fast order fills and minimal slippage – ideal for scalpers and news traders. EasyMarkets uses fixed spreads with a market maker model, which can cause requotes and higher slippage during volatile periods. For Uganda traders relying on quick entries and exits, FP Markets’ execution quality is superior.

Both brokers are not directly regulated by the Capital Markets Authority of Uganda (CMA Uganda) but hold reputable international licenses. EasyMarkets is regulated by CySEC (EU) and FSA (Seychelles). FP Markets is regulated by ASIC (Australia) and FSA (Seychelles). ASIC offers strong client fund protection and dispute resolution. For Uganda traders, ASIC regulation adds an extra layer of safety compared to EasyMarkets’ CySEC license, which has lower leverage limits and a less robust compensation scheme.

Uganda traders can fund accounts using MTN MoMo, Airtel Money, and Bank Transfer. With both brokers, deposits via mobile money are processed instantly without fees. EasyMarkets minimum deposit is $25 (approx. 94,000 UGX), while FP Markets is $100 (approx. 376,000 UGX) for Standard account, but Raw ECN requires $200 (approx. 752,000 UGX). Withdrawals: EasyMarkets processes mobile money withdrawals within 1-2 business days; FP Markets does the same but also offers bank wire. Both support UGX conversion at fair rates. Note: FP Markets has a wider range of payment providers, including local bank transfers via partner services.

Both brokers offer Islamic (swap-free) accounts for Muslim traders in Uganda. EasyMarkets provides them automatically on request for all account types, with no swap charges on overnight positions. FP Markets also offers swap-free accounts, but only on Standard accounts and requires a manual request. FP Markets’ Islamic accounts have no hidden fees, while EasyMarkets’ conditions are less transparent. For Uganda traders observing Sharia law, FP Markets is the more trustworthy option due to clearer terms.

FP Markets offers 24/5 multilingual support via live chat, email, and phone. EasyMarkets also provides 24/5 support but with limited languages. For Uganda traders, FP Markets’ English support is reliable and faster, with average response times under 2 minutes. EasyMarkets can be slower during African trading hours. FP Markets also has a help centre with local payment guides.