EasyMarkets vs IC Markets for Chile Traders (2026)

Trading costs are crucial for Chile traders, especially those executing high volumes. IC Markets offers raw spreads from 0.0 pips on its Raw Spread account with a $7 round-turn commission per lot – ideal for scalpers and algorithmic traders. EasyMarkets uses fixed spreads (e.g., 1.2 pips on EUR/USD) with no commission, which can be simpler but more expensive for active traders. For example, a Chile trader doing 20 standard lots per day would pay roughly $140 in commission with IC Markets vs $240 in spread cost with EasyMarkets. Currency conversion to CLP may add minor fees; both brokers allow USD accounts, but IC Markets offers multi-currency accounts to reduce conversion costs.

IC Markets dominates in platform variety: it offers MetaTrader 4, MetaTrader 5, and cTrader – all available on desktop, web, and mobile. For Chile traders who use Expert Advisors (EAs), the MT4/MT5 environments are robust, with fast execution and full EA compatibility. EasyMarkets provides its proprietary web-based platform (TradingView-powered) and mobile app, which is intuitive but lacks advanced features like depth of market or custom indicators. Experienced Chile traders needing algorithmic trading or advanced charting will prefer IC Markets, while EasyMarkets serves those who value simplicity and one-click risk management.

IC Markets uses No Dealing Desk (NDD) execution with low latency, ideal for high-frequency strategies. Average execution speed is under 40ms, with minimal slippage. EasyMarkets operates as a market maker with fixed spreads, which can lead to requotes and slippage in volatile conditions. For Chile traders who scalp or use EAs, IC Markets’ execution is superior.

Neither EasyMarkets nor IC Markets is regulated by the CMF (Comisión para el Mercado Financiero) in Chile. EasyMarkets holds licenses from CySEC (Cyprus) and the FSA (St. Vincent), while IC Markets is regulated by ASIC (Australia), CySEC, and the FSA. For Chile traders, this means no local investor protection fund, but both brokers offer negative balance protection and client fund segregation. IC Markets’ ASIC regulation is considered stricter, with regular audits and capital adequacy requirements. Chile traders should verify that their chosen broker accepts international clients and complies with anti-money laundering rules – both do.

Chile traders can fund accounts using Bank Transfer (SWIFT) and Credit Card (Visa/Mastercard) with both brokers. EasyMarkets has a minimum deposit of $25 and also supports e-wallets like Skrill and Neteller, while IC Markets requires $200 minimum and accepts PayPal, UnionPay, and Neteller. Deposits via credit card are usually instant, while bank transfers take 1-3 business days. Withdrawals: EasyMarkets processes within 1-2 days for cards and e-wallets; bank transfers may take 3-5 days. IC Markets typically processes withdrawals within 24 hours for e-wallets and 3-7 days for bank transfers. No deposit fees are charged by either broker, but Chile banks may apply conversion or international transfer fees. It’s advisable to use USD-denominated accounts to minimize CLP conversion costs.

Both brokers offer Islamic (swap-free) accounts to Chile Muslim traders. EasyMarkets provides Islamic accounts automatically upon request, with no swaps on any instruments, but charges an administration fee if positions are held beyond a certain number of days (e.g., 10 days). IC Markets also offers swap-free accounts via customer support, applicable to Standard and Raw Spread accounts; however, some currency pairs may still incur a small fee after a holding period. Chile traders should review each broker’s specific policy to ensure compliance with Sharia law, as terms can change.

IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with a strong knowledge base. Chile traders can expect responses in English; Spanish support is limited but available by email. EasyMarkets provides 24/5 live chat, email, and phone support in several languages, including Spanish, making it more accessible for Spanish-speaking Chileans. However, EasyMarkets’ support is slightly slower during peak hours.