EasyMarkets vs FXTM for Tanzania Traders (2026): Complete Comparison
Which broker is better for Tanzania traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Tanzania Traders
For Tanzania traders using mobile money services like M-Pesa and Airtel Money, choosing between EasyMarkets and FXTM can be challenging. Both brokers accept TZS deposits via local bank transfers and mobile wallets, but their overall suitability varies significantly. EasyMarkets, with a rating of 3.4/5, offers fixed spreads and a user-friendly platform, but it lacks direct regulation by the Capital Markets and Securities Authority (CMSA) of Tanzania. FXTM, scoring 4.3/5, is regulated by CMSA and provides a wider range of account types, lower spreads, and robust mobile money support. This comparison dives into every detail that matters to Tanzanian traders, from regulatory safety to deposit methods, helping you decide which broker aligns best with your trading style and local needs.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | EasyMarkets | FXTM | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FXTM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FXTM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FXTM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FXTM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $200 | FXTM |
When comparing trading costs for Tanzania traders, spreads and commissions are critical. FXTM offers competitive variable spreads on its main accounts—typical EUR/USD spreads on Standard accounts are around 1.3 pips, while Raw spreads start from 0.1 pips with a $3.50 commission per lot. EasyMarkets charges fixed spreads averaging 1.5 pips on EUR/USD without commission. For a Tanzania trader executing 5 lots per month, FXTM's Raw account can save up to $60 in spread costs compared to EasyMarkets. However, EasyMarkets' fixed spreads protect against volatile market conditions, which may appeal to those trading during African market sessions when spreads can widen.
Account Types Comparison
| Account Type | EasyMarkets | FXTM |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✓ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✗ | ✓ |
| Min deposit | $25 | $200 |
Leverage Comparison - Tanzania Traders
| Entity / Asset | EasyMarkets | FXTM |
|---|---|---|
| Tanzania (offshore) | Up to 1:2000 | Up to 1:3000 |
| Forex major pairs | 1:2000 | 1:3000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | EasyMarkets | FXTM | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | ✗ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | FXTM |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | EasyMarkets | FXTM |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers offer popular platforms but cater to Tanzania traders differently. FXTM provides MetaTrader 4, MetaTrader 5, and its own WebTrader, all of which work well on mobile devices—important for traders relying on smartphones for mobile money management. EasyMarkets offers a proprietary web platform and mobile app, designed to be intuitive for beginners. While FXTM’s platforms offer advanced charting and automated trading via Expert Advisors (EAs), EasyMarkets’ platform is simpler and includes risk management tools like dealCancellation. For Tanzania traders who want to trade on the go with M-Pesa deposits, both platforms are stable, but FXTM provides more flexibility.
Execution Quality - Speed & Slippage
| Factor | EasyMarkets | FXTM | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FXTM |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
FXTM uses straight-through processing (STP) and ECN execution on its Raw accounts, delivering fast order fills with minimal slippage. EasyMarkets uses a market maker model, which can result in wider spreads and occasional requotes during high volatility. For Tanzania traders needing reliable execution during major news events or local market hours, FXTM’s ECN execution is more transparent and efficient.
Regulation & Safety for Tanzania Traders
| Safety Factor | EasyMarkets | FXTM |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is a key factor for Tanzania traders. FXTM is regulated by the Capital Markets and Securities Authority (CMSA) in Tanzania, giving traders local protection and recourse. It also holds licenses from the FCA (UK) and CySEC (Cyprus). EasyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) in Seychelles, but not by CMSA. For Tanzanians, trading with a CMSA-regulated broker like FXTM means compliance with local financial laws and potential access to the Tanzania Investor Compensation Fund. EasyMarkets remains a valid option for those comfortable with offshore regulation, but FXTM offers stronger legal safeguards for local traders.
Deposits & Withdrawals for Tanzania
| Payment Method | EasyMarkets | FXTM |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✓ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. |
Depositing and withdrawing funds is straightforward for Tanzania traders at both brokers. FXTM supports deposits via M-Pesa, Airtel Money, and Bank Transfer in TZS with no deposit fees and processing times under 1 hour for mobile wallets. EasyMarkets also accepts these methods but may take up to 24 hours to credit deposits. For withdrawals, FXTM processes mobile money withdrawals within 1 business day, while EasyMarkets can take 2-3 days. Bank transfers at both brokers usually settle in 1-3 business days. Minimum deposits differ: FXTM requires $10 (approx. 25,000 TZS) for Standard accounts, whereas EasyMarkets requires a $25 minimum. Mobile money traders will find FXTM more efficient, especially for small, frequent deposits.
Islamic Accounts - Swap-Free for Tanzania Muslims
| Islamic Account Feature | EasyMarkets | FXTM |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Muslim traders in Tanzania can use Islamic (swap-free) accounts at both brokers. FXTM offers swap-free accounts on all account types (Standard, Raw, and Shares) for eligible clients, with no interest charges on overnight positions. EasyMarkets provides a dedicated Islamic account with zero swap fees and allows hedging without extra margin. Both brokers require a declaration of Islamic faith. For Tanzania traders who follow Sharia law, FXTM’s wider range of swap-free account options and better spreads make it a stronger choice, though EasyMarkets’ fixed-spread Islamic account offers predictable costs.
Customer Support Comparison
| Support Feature | EasyMarkets | FXTM | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
FXTM offers 24/5 customer support with live chat, email, and phone lines available in English and Swahili (limited). EasyMarkets provides 24/5 support via live chat and email, primarily in English, but lacks Swahili support. Both brokers have responsive teams, but FXTM’s multilingual support is slightly better for Tanzania traders who prefer local language assistance.
Mobile App Comparison
| Mobile Feature | EasyMarkets | FXTM | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
Education & Research Tools
| Resource | EasyMarkets | FXTM | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
EasyMarkets
FXTM
Who Should Use Which Broker? - Tanzania Guide
Choose EasyMarkets if you...
- Prefer fixed spreads to avoid unexpected costs.
- Want a simple platform with built-in risk management tools like dealCancellation.
- Are a beginner trader who values simplicity over advanced features.
- Don’t mind offshore regulation and prioritize predictable trading costs.
Choose FXTM if you...
- Want a broker regulated by CMSA Tanzania for local legal protection.
- Need fast deposit/withdrawal via M-Pesa or Airtel Money with no fees.
- Seek lower spreads and the ability to use Expert Advisors (EAs).
- Prefer a variety of account types (Standard, Raw, Shares) for different trading styles.
FAQ - EasyMarkets vs FXTM in Tanzania
Final Verdict - Tanzania 2026
For Tanzania traders who rely on mobile money services like M-Pesa and Airtel Money, FXTM is the clear winner due to its CMSA regulation, lower spreads, and efficient local payment processing. The higher broker rating (4.3) reflects its suitability for Tanzanian clients. EasyMarkets remains an alternative for traders who value fixed spreads and simple platforms, but its lack of CMSA oversight and slower withdrawals make it less ideal. Considering the specific needs of mobile money traders in Tanzania, FXTM offers a more complete, secure, and cost-effective trading experience.