EasyMarkets vs FXTM 2026: Spain Retail Trader Comparison

When comparing trading costs for Spain traders, the main difference is spread structure. EasyMarkets charges fixed spreads on all accounts, with EUR/USD typically around 1.5 pips. This makes costs predictable but higher for frequent scalping. FXTM offers variable spreads starting from 0.1 pips on its ECN Raw Spread account (with a commission of $3.5 per lot) and from 1.2 pips on its Standard account. For Spain traders executing high volumes, FXTM’s variable spreads can significantly reduce cost, while EasyMarkets suits those who prefer knowing exact costs per trade. Both brokers do not charge deposit fees via SEPA or Bizum, but FXTM may apply inactivity fees after 6 months.

EasyMarkets provides its proprietary web-based platform and a mobile app, both designed for simplicity with integrated risk management tools (e.g., deal cancellation, guaranteed stop-loss). FXTM offers the industry-standard MetaTrader 4 and MetaTrader 5, plus its proprietary FXTM Trader mobile app. For Spain traders, FXTM’s MT5 provides advanced charting, automated trading via Expert Advisors, and over 80 technical indicators, while EasyMarkets’ platform is easier for beginners. Both support Spanish language interfaces, live quotes, and one-click execution, but FXTM’s platform ecosystem is more robust for experienced traders.

EasyMarkets uses a no-dealing-desk (STP) model with fixed spreads, offering reliable execution but potential requotes during high volatility. FXTM employs both STP and ECN execution on its Raw Spread account, providing faster fills and tighter spreads for experienced traders. For Spain traders trading major pairs like EUR/USD during the European session, both brokers offer low latency, but FXTM’s ECN model is superior for scalping and high-frequency strategies. EasyMarkets guarantees stop-loss orders at the specified price, a unique benefit for risk-averse retail traders.

Both EasyMarkets and FXTM are regulated by the Cyprus Securities and Exchange Commission (CySEC) and are authorized to serve Spain residents under the MiFID II passporting system. They are listed on the CNMV’s register of licensed brokers, giving Spain traders access to local complaint mechanisms through the Spanish Ombudsman. This regulation ensures negative balance protection, segregation of client funds, and a maximum leverage of 1:30 for retail clients (lower than offshore brokers). For Spain traders, this means both brokers meet high safety standards, though FXTM’s stronger financial backing and longer track record provide additional confidence.

Spain traders can fund accounts using SEPA transfers (free, 1-2 business days) and standard bank transfers at both brokers. EasyMarkets also supports Bizum, a Spanish mobile payment system that allows instant deposits with no fees – a unique advantage for local traders. FXTM accepts credit/debit cards and e-wallets (Skrill, Neteller) in addition to SEPA, but not Bizum. Minimum deposits are low: EUR25 at EasyMarkets and EUR100 at FXTM. Withdrawals are processed within 1-3 business days via SEPA or card back, with EasyMarkets charging no fees and FXTM occasionally levying a small fee on bank wire withdrawals. Both brokers verify identity in compliance with Spanish AML regulations.

Muslim traders in Spain seeking Sharia-compliant accounts can access swap-free (Islamic) options at both EasyMarkets and FXTM. These accounts eliminate overnight interest (swap) on positions, as required by Islamic principles. At EasyMarkets, the Islamic account is available for a minimum deposit of $25 (EUR23) and applies to all instruments. FXTM requires a minimum deposit of $500 (EUR460) and offers Islamic accounts on specific account types, including the Standard and Raw Spread variants. Both brokers waive swap fees but may charge administrative fees for holding positions after a certain number of days. Spain traders should request this account during registration or via support.

Customer support is available in Spanish at both brokers. EasyMarkets offers 24/5 live chat, phone, and email support with quick response times. FXTM provides 24/5 multilingual support via live chat, email, and phone, plus a dedicated Spanish-speaking team during European hours. FXTM also runs localised webinars and a knowledge base in Spanish, while EasyMarkets focuses on simple, direct assistance. For Spain traders who prefer phone support, both have local Spanish numbers, though FXTM’s wider range of educational resources adds value.