EasyMarkets vs FXTM for Cyprus Traders: A Detailed 2026 Comparison

For Cyprus traders, trading costs are a key factor because spreads eat into profits – especially on high-volume EUR/USD trades. FXTM offers variable spreads starting from 0.0 pips on its Zero account (with a small commission) and tight raw spreads on its Standard account. EasyMarkets uses fixed spreads that typically range from 1.2 pips on EUR/USD, which can be higher during volatile periods. However, EasyMarkets charges no commission and provides free guaranteed stop losses. Over 1000+ lots monthly, FXTM’s lower spreads save Cyprus traders significant money, while EasyMarkets suits those who prefer predictable costs and built-in protection.

Cyprus traders value flexibility in trading platforms. EasyMarkets offers its proprietary web-based platform with one-click trading, charting tools, and a mobile app that runs well on any device. It lacks MT4/MT5 but includes features like DealCancel (undo a losing trade within 1 hour). FXTM provides the full suite: MetaTrader 4 and MetaTrader 5, plus a proprietary FXTM Trader app. For Cypriot retail traders who use Expert Advisors or advanced charting, FXTM is the stronger choice. If you prefer simplicity and built-in risk management, EasyMarkets’ platform is easier to master.

FXTM uses a hybrid model combining STP and ECN execution, offering fast order fills with minimal slippage on major pairs. Cyprus traders who scalp or use automated strategies benefit from FXTM’s execution speed. EasyMarkets uses market execution with no requotes and guarantees stop losses even during gaps, but its fixed spread model can lead to slower execution during news events. For day traders prioritizing speed, FXTM is the better choice; for risk-averse investors, EasyMarkets’ guaranteed stops are reassuring.

Both EasyMarkets and FXTM are regulated by the Cyprus Securities and Exchange Commission (CySEC), the local financial regulator. This means Cyprus traders are protected by mandatory negative balance protection, client fund segregation, and access to the Investor Compensation Fund (ICF) up to €20,000. FXTM also holds licenses from the FCA (UK) and FSCA (South Africa), adding an extra layer of oversight. EasyMarkets is regulated by CySEC and the FSA (Seychelles). For Cyprus residents, CySEC regulation ensures a safe trading environment under European MiFID II standards.

Cyprus traders can fund accounts in USD using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both brokers. Skrill and Neteller deposits are instant and free of broker fees, though your e-wallet provider may charge a small conversion fee. Bank transfers from Cypriot banks (e.g., Bank of Cyprus, Hellenic Bank) typically take 1-3 business days. USDT TRC20 offers a fast, low-cost alternative for crypto users. Withdrawals follow the same methods: FXTM processes most requests within 24 hours, while EasyMarkets can take up to 48 hours. Both brokers require verified accounts before processing withdrawals. Minimum deposits are competitive – EasyMarkets requires $25 via e-wallets, FXTM starts at $10 for its Standard account.

Cyprus has a significant Muslim population, and both brokers cater to this community with swap-free Islamic accounts. EasyMarkets automatically offers Islamic account status upon request, with no swap on overnight positions for all instruments. FXTM also provides Islamic accounts but requires a formal application and may restrict certain trading strategies. Cyprus traders should note that Islamic accounts are typically limited to certain account types – FXTM offers them on Standard and Cent accounts, while EasyMarkets applies them universally. Check current terms with customer support as policies can change.

Both brokers offer Greek and English customer support for Cyprus traders. EasyMarkets provides 24/5 live chat, phone, and email support with a local Cyprus team. FXTM also offers 24/5 support in multiple languages, including a dedicated Cyprus office. Response times are similar – usually minutes via live chat. For after-hours queries, FXTM’s 24/7 support for account issues gives it a slight edge. Neither broker charges for support, but FXTM’s multi-channel approach is more robust.