EasyMarkets vs FXTM (2026): In-Depth Comparison for Australian Traders

When comparing trading costs for Australian traders, FXTM typically offers lower spreads, especially on its ECN account which features raw spreads from 0.0 pips on major pairs like EUR/USD and a small commission per lot. EasyMarkets charges fixed spreads, starting at 1.0 pips on EUR/USD, with no commission. For a trader executing 10 standard lots per month in AUD, FXTM’s raw spreads can save approximately $15-25 AUD compared to EasyMarkets, depending on market volatility. Both brokers have no withdrawal fees for AUD bank transfers, but FXTM may have an inactivity fee after 12 months. Swap rates are competitive on both, though FXTM offers better overnight rates for carry trades. Overall, FXTM is more cost-effective for active Australian traders due to tighter spreads and lower commissions relative to volume.

FXTM offers MetaTrader 4 and MetaTrader 5, the industry-standard platforms preferred by experienced Australian traders for their advanced charting, automated trading via Expert Advisors, and fast execution. EasyMarkets provides its proprietary web-based platform and mobile app, which are intuitive but lack the depth of MT4/MT5. For Australian traders who rely on algorithmic trading or custom indicators, FXTM is the clear winner. Both brokers offer demo accounts with no minimum deposit required. FXTM also supports social and copy trading through its FXTM Invest platform, which can be useful for less experienced traders following signal providers. EasyMarkets offers a simpler, all-in-one platform with risk management tools like DealCancellation, but it lacks the sophistication of MT4/MT5 that many Australian traders need.

FXTM offers ECN and market execution with fast order processing speeds of under 40 ms on MT4/MT5, with no requotes on most orders. It uses top-tier liquidity providers in London and New York. EasyMarkets offers market execution with fixed spreads but may occasionally requote during volatile news events. For scalpers and high-frequency traders, FXTM's direct market access (DMA) model is superior. EasyMarkets is suitable for traders who prefer predictability over speed. Both brokers are ASIC-regulated and must execute orders at the best available price, but FXTM's execution infrastructure is more robust for active trading.

Both EasyMarkets and FXTM are regulated by ASIC, which is a key consideration for Australian traders. ASIC requires brokers to maintain client money in segregated trust accounts with Australian banks, adhere to strict capital adequacy requirements, and participate in the dispute resolution scheme (e.g., AFCA). EasyMarkets holds an AFSL (No. 246566) and operates under the brand easyMarkets Pty Ltd. FXTM is operated by Holdings Capital Ltd. which holds an AFSL (No. 457004). This means both brokers offer the same level of local protection, including negative balance protection and compensation in case of insolvency. Australian traders can trade with confidence knowing both are subject to ASIC audits and can only use leverage up to 30:1 on major forex pairs. The choice between them is not about safety but rather about trading features and costs.

Australian traders can fund their accounts using BPAY, POLi, Bank Transfer, and Credit Cards at both EasyMarkets and FXTM. Deposits via BPAY and POLi are typically processed instantly and fee-free for AUD accounts. Bank transfers may take 1-2 business days but are also free. Credit card deposits (Visa/Mastercard) are accepted but may incur a small fee from the card issuer for cash advances. FXTM offers a slightly broader range of e-wallets including Skrill and Neteller, which can be useful for traders who prefer digital wallets. Minimum deposits: EasyMarkets requires a minimum of $100 AUD, while FXTM allows as low as $50 AUD for Standard accounts. Withdrawals are processed within 1-2 business days for bank transfers and e-wallets, with no fees on either broker. Both brokers allow you to withdraw back to the original deposit method. For instant funding, POLi and BPAY are the most popular choices among Australian traders.

Both EasyMarkets and FXTM offer Islamic (swap-free) accounts for Australian Muslim traders who wish to trade in accordance with Sharia law. EasyMarkets provides a swap-free option on request, with no overnight interest charges on any instruments. FXTM also offers Islamic accounts on Standard and ECN account types, with swap-free conditions on forex and commodities (excluding certain indices and stocks). Both brokers require proof of Muslim faith, such as a copy of ID or a declaration form. FXTM's Islamic accounts have no expiry on swap-free status, while EasyMarkets may review the account periodically. For Australian Muslim traders, both options are compliant and reliable, though FXTM's broader range of account types may offer more flexibility.

Australian traders can access customer support in English via live chat, email, and phone. FXTM offers 24/5 live chat with average response times under 30 seconds, plus phone support during Sydney trading hours. EasyMarkets provides 24/5 support with live chat, email (response within 24 hours), and phone from 9 AM to 6 PM AEST. Both brokers have comprehensive FAQ sections. FXTM edges ahead due to faster response times and a dedicated Australian phone number. EasyMarkets' support is still adequate but may have slightly longer email wait times.