EasyMarkets vs FxPro: Which Broker Suits New Zealand Traders Best?

Trading costs are a key consideration for New Zealand traders. EasyMarkets uses fixed spreads that remain constant regardless of market volatility. For example, the EUR/USD spread is fixed at 1.8 pips, making costs predictable but higher during liquid sessions. FxPro offers variable spreads starting from 0.0 pips on its Raw+ account with a $6 commission per lot round turn. On the Standard account, spreads average 0.8 pips with no commission. For high-volume traders in New Zealand, FxPro’s lower variable spreads can save significant costs, especially when trading major pairs like NZD/USD or AUD/NZD. EasyMarkets’ fixed model suits those who dislike spread widening during news events.

New Zealand traders need platforms that are fast, reliable, and customizable. EasyMarkets provides its proprietary WebTrader and mobile app, which are intuitive but lack advanced charting. It also offers a basic MT4 version. FxPro supports the full range: MetaTrader 4, MetaTrader 5, cTrader, and its own FxPro Edge platform. cTrader is particularly popular for its advanced order types and depth of market. For Kiwi traders who trade indices or commodities alongside FX, FxPro’s multi-asset platform integration is superior. EasyMarkets is simpler and better for beginners who don’t need complex tools.

Execution quality is critical for New Zealand traders, especially those scalping or using EAs. EasyMarkets offers fixed spreads with execution via its own liquidity pool, which can be slower during high volatility. FxPro provides No Dealing Desk (NDD) execution with access to multiple liquidity providers, resulting in faster fills and less requotes. FxPro’s Raw+ account is particularly strong with low latency. For algorithmic traders, FxPro’s MT4/MT5 servers are located in Equinix data centers, ensuring minimal slippage for Kiwi traders.

Regulation matters for New Zealand traders seeking fund safety. EasyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC). FxPro holds licenses from CySEC, FCA, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Securities Commission of the Bahamas (SCB). While neither broker is directly supervised by the Financial Markets Authority (FMA) of New Zealand, they are subject to strict capital adequacy and client segregation rules under these regulators. For Kiwi traders, FxPro’s additional SCB license provides an extra layer of regulatory oversight, though client funds are still held in segregated accounts with top-tier banks.

New Zealand traders can fund accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 with both EasyMarkets and FxPro. EasyMarkets also supports Visa, Mastercard, and local e-wallets. Deposits via USDT TRC20 are processed instantly with no blockchain fees charged by the brokers. Bank transfers are fee-free for deposits but withdrawals may incur charges depending on the bank. Skrill and Neteller deposits are instant, while withdrawals typically take 1-24 hours. FxPro additionally accepts PayPal and UnionPay. Minimum deposit for both brokers is $100 USD (or equivalent in NZD). Withdrawals to the original payment method are standard; crypto withdrawals via USDT TRC20 are available for both. New Zealand traders should note that FxPro processes withdrawal requests faster, often within 4 hours on business days.

For New Zealand Muslim traders, both EasyMarkets and FxPro offer swap-free Islamic accounts that comply with Sharia law. EasyMarkets provides Islamic accounts upon request via live chat or email, with no extra fees. FxPro allows selection during account registration for the Standard, Raw+, and cTrader account types, though not for the Edge platform. Both brokers ensure no swap is charged or paid on overnight positions. However, FxPro may restrict certain instruments (e.g., cryptocurrencies) from swap-free status. EasyMarkets’ approach is more flexible across all tradable assets.

Customer support for New Zealand traders is available 24/5 from both brokers. EasyMarkets offers live chat, email, and phone support in English. FxPro provides 24/7 multilingual support via live chat, phone, and email. FxPro has an edge with dedicated account managers for larger deposits, while EasyMarkets focuses on quick responses for all clients. New Zealand users may experience minor delays during off-hours due to time zone differences.