EasyMarkets vs IC Markets (2026): Which Broker is Better for Uzbekistan Traders?

For Uzbekistan traders, trading costs are a key factor. EasyMarkets offers fixed spreads starting at 1.0 pips on major pairs like EUR/USD, with no commission. This is suitable for smaller accounts but can be expensive for high-frequency traders. IC Markets, by contrast, provides variable spreads that start from 0.0 pips on its Raw Spread account, plus a commission of $3.50 per lot round turn. For a typical Uzbek trader executing 10 lots per month on EUR/USD, IC Markets would cost around $35 in commissions, while EasyMarkets would charge about $100 in spread costs (assuming 1 pip spread). The difference becomes even more pronounced at higher volumes, making IC Markets significantly cheaper for active traders.

IC Markets supports MetaTrader 4, MetaTrader 5, and cTrader – all widely used by Uzbek traders who value advanced charting, expert advisors (EAs), and fast execution. EasyMarkets offers its proprietary web-based platform, which is simple and intuitive but lacks the depth of MT4/MT5. Many Uzbek traders rely on MT4 for automated trading strategies; IC Markets is the better choice for them. EasyMarkets’ platform is mobile-friendly and includes a risk management tool called ‘dealCancellation’, but experienced traders will miss the flexibility of third-party plugins and custom indicators.

IC Markets uses Equinix NY4 data centers and offers ultra-low latency execution with no dealing desk intervention (NDD). Average execution speed is under 40ms, ideal for scalping and high-frequency trading. EasyMarkets uses a market maker model with fixed execution, which is slower (around 100ms) and may involve requotes during volatile news events. For Uzbek traders who scalp or use EAs, IC Markets’ execution quality is superior. EasyMarkets is acceptable for longer-term swing traders.

EasyMarkets is regulated by CySEC (Cyprus), ASIC (Australia), and the FSA (Seychelles), offering a mix of EU-level and offshore oversight. IC Markets is regulated by ASIC, CySEC, and the FSA as well, but its Australian regulation (ASIC) imposes stricter leverage limits (1:30 for retail) compared to its international entity (1:500). For Uzbekistan traders, neither broker is directly regulated by the Central Bank of Uzbekistan, so you must rely on the international regulator’s investor protection schemes. IC Markets’ clients under the Seychelles entity enjoy no leverage restrictions, which is appealing for those wanting higher leverage. Always verify which entity you are trading with and understand the protection available.

Uzbekistan traders can fund accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 through both brokers. Bank transfers from Uzbek banks like National Bank of Uzbekistan or Asaka Bank typically take 2-5 business days and may involve intermediary fees. Skrill and Neteller provide instant deposits and withdrawals, though Skrill may impose currency conversion fees if funded in UZS. USDT TRC20 via third-party processors (e.g., Coinify, Changelly) is becoming popular due to near-instant settlement and low fees. Withdrawals are processed similarly: EasyMarkets typically processes within 24 hours for e-wallets, while IC Markets processes on the same day. Minimum deposit at EasyMarkets is $100, at IC Markets $200. Both brokers support withdrawals back to the same funding method.

Uzbekistan is a predominantly Muslim country, and many traders require swap-free (Islamic) accounts compliant with Sharia law. Both EasyMarkets and IC Markets offer Islamic accounts with zero swap charges on overnight positions. EasyMarkets automatically applies swap-free status to clients from Islamic countries, including Uzbekistan, no separate request needed. IC Markets provides Islamic accounts upon request after account opening, with the condition that traders do not hold large positions for very long periods (to avoid exploitation). Both brokers maintain the same spreads and commissions on Islamic accounts. This ensures Uzbek Muslim traders can trade forex without interest payments.

EasyMarkets provides customer support via 24/5 live chat, email, and phone, with support available in English and limited Russian. IC Markets offers 24/7 live chat, email, and phone support, also in English and Russian. For Uzbekistan traders, IC Markets' Russian-language support is more comprehensive, with a dedicated team familiar with CIS region queries. Response times are similar (under 1 minute for live chat). However, neither broker has a local office in Uzbekistan.