EasyMarkets vs FxPro (2026): Which ASIC Broker Wins for Australia Traders?

For Australian traders, trading costs are a critical factor. EasyMarkets uses fixed spreads that start from 1.0 pips on EUR/USD, with no commission on standard accounts. This predictability helps budget-conscious traders, but the spreads are significantly wider than FxPro’s variable spreads. FxPro’s Raw+ account offers raw spreads from 0.0 pips plus a commission of $3.50 per lot per side (USD equivalent). On the standard account, spreads average 0.6 pips (EUR/USD) with no commission. For high-volume Australian traders, FxPro’s lower spreads translate to substantial savings, especially on major pairs. However, EasyMarkets’ fixed spreads protect against widening during news events, which can be an advantage for less aggressive traders.

Australia traders demand robust platforms. EasyMarkets provides its proprietary web trader (desktop and mobile) and MetaTrader 4 (MT4). The proprietary platform features built-in risk management tools like dealCancellation and guaranteed stop-loss. FxPro offers a wider selection: MT4, MT5, cTrader, and its own FxPro Edge mobile app. For Australian algo traders and scalpers, cTrader and MT5 provide advanced charting and faster order execution. FxPro also supports VPS hosting for automated strategies. EasyMarkets’ platform is simpler and more intuitive, but lacks the depth and customisation that experienced traders often require. Overall, FxPro’s platform suite is more versatile for active Australian traders.

Execution quality is vital for active Australian traders. FxPro uses a no-dealing-desk (NDD) model with STP and ECN execution, offering average order speed under 50ms. EasyMarkets operates a market maker model with instant execution and guaranteed stop-loss on its proprietary platform. For scalpers and algorithmic traders, FxPro’s faster, requote-free execution is superior. EasyMarkets’ execution is reliable but may trigger requotes during volatile periods, although the guarantee on stop losses can be valuable for risk management.

Both brokers are regulated by ASIC (Australian Securities and Investments Commission), ensuring high standards of client protection. EasyMarkets holds AFSL 444649, and FxPro holds AFSL 508055. ASIC regulation means client funds are held in segregated trust accounts with Australian banks, and retail traders face leverage limits capped at 30:1 for forex. Additionally, both brokers are subject to regular audits and must comply with the Corporations Act. For Australian traders, ASIC oversight provides a strong layer of security. However, FxPro also carries additional licences (FCA, CySEC, etc.), which may offer extra reassurance for globally oriented traders. EasyMarkets is solely regulated by ASIC and CySEC, making it simpler but with less regulatory diversification.

Depositing and withdrawing in AUD is straightforward with both brokers. EasyMarkets and FxPro accept BPAY, POLi, Bank Transfer, and Credit Card (Visa/Mastercard). BPAY and POLi are particularly popular among Australian traders for instant, fee-free deposits. Bank transfers take 1-2 business days but have no processing fees from either broker. Credit cards are processed instantly but may incur a small cash advance fee from the card issuer. Withdrawals are processed within 1 business day at both brokers. EasyMarkets does not charge withdrawal fees, while FxPro charges $10 for bank wire withdrawals (free for other methods). FxPro also supports PayPal and Neteller for additional flexibility. Overall, both brokers provide excellent local payment integrations, with EasyMarkets slightly ahead on fee-free withdrawals.

Both EasyMarkets and FxPro offer swap-free (Islamic) accounts for Muslim traders based in Australia. These accounts comply with Sharia law by eliminating interest credits/debits on overnight positions. EasyMarkets provides swap-free accounts on request, with no additional fees for holding positions. FxPro also offers Islamic accounts on its MT4, MT5, and cTrader platforms. However, FxPro may charge an administrative fee if positions are held beyond a certain period (e.g., 10 days), which is standard practice to prevent arbitrage. Both brokers require clients to reside in countries where Islamic accounts are permitted; Australia is accepted. For Australian Muslim traders, both options are viable, but EasyMarkets’ simpler fee structure may be more straightforward.

Australian traders can contact both brokers via 24/5 live chat, email, and phone. EasyMarkets offers local Australian phone support (+61 2 8015 2477) and a dedicated account manager for VIP clients. FxPro provides 24/5 multilingual support with phone lines in Sydney. Response times are similar (under 30 seconds for live chat). EasyMarkets edges ahead with its personal account manager feature, which FxPro reserves for high-volume traders. Both brokers have extensive FAQ sections tailored to Australian deposit methods.