EasyMarkets vs IG for Mongolia Traders (2026)

For Mongolia traders, trading costs directly affect profitability, especially when dealing in MNT or small lot sizes. IG generally offers lower spreads on major forex pairs – EUR/USD averages 0.6–1.0 pips during peak hours – with variable spreads that can widen during news events. EasyMarkets provides fixed spreads (e.g., 1.2–1.5 pips on EUR/USD), which eliminate surprises but are higher on average. For emerging retail traders in Mongolia who trade fewer lots, EasyMarkets’ fixed costs simplify budgeting. However, for those trading multiple lots per week, IG’s tighter spreads can lead to lower overall costs. Both brokers charge no commissions on standard forex accounts. EasyMarkets also offers a ‘no slippage’ guarantee on market orders, which can be valuable when volatility spikes. Consider your average trade volume and tolerance for variable spreads when choosing.

Platform choice is critical for Mongolia traders who may rely on mobile trading due to limited desktop setups. IG offers its proprietary web platform, MetaTrader 4 (MT4), and L2 Dealer for advanced users – all with strong charting tools, indicators, and automated trading via Expert Advisors. The IG mobile app is highly rated for usability. EasyMarkets provides its own web-based platform, MT4, and a mobile app. The EasyMarkets platform is simpler, with one-click trading and risk management tools like ‘dealCancellation’ – ideal for beginners. However, it lacks the depth of IG’s research and analysis features. For Mongolia traders using smartphones and basic laptops, EasyMarkets’ streamlined interface may be more accessible. Traders who want advanced automation or extensive analysis should favour IG’s MT4 and API options.

Execution quality affects profitability, especially for Mongolia traders using volatile assets. IG boasts ultra-fast execution via its proprietary platform, with average speeds under 50ms and no requotes on market orders. EasyMarkets uses a market execution model with its ‘no slippage’ guarantee but can experience slightly higher latency due to fixed spreads and hedging. For scalpers or news traders, IG’s speed and low latency are superior. For long-term or position traders, EasyMarkets’ consistent execution is fine. Both brokers have no dealing desk intervention on most accounts, but IG’s direct market access (DMA) on certain instruments gives an edge for advanced traders.

Regulation is a key concern for Mongolia traders, as the Financial Regulatory Commission (FRC) does not actively license foreign forex brokers. EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), with client funds held in segregated accounts and negative balance protection. IG is regulated by the FCA (UK), one of the strictest regulators globally, ensuring high capital adequacy and compensation schemes (FSCS protection up to £85,000). While FSCS does not apply to Mongolia residents, IG’s robust compliance gives confidence in fund safety. EasyMarkets offers negative balance protection and has a solid complaint handling process. For Mongolia traders, IG’s tighter regulatory oversight provides an extra layer of security, though EasyMarkets’ regulation is still adequate for retail traders. Always check the specific legal entity that will hold your account.

Depositing and withdrawing funds is one of the most important factors for Mongolia traders. EasyMarkets stands out by accepting MNT directly via local bank transfers and QPay, Mongolia’s instant mobile payment app. You can also deposit in USD or EUR, and use USDT (Tether) for crypto funding – a method popular among Mongolian investors who prefer digital assets. Withdrawals are processed within 1–2 business days via bank transfer to local MNT accounts. IG, on the other hand, does not support MNT, QPay, or USDT. Deposits must be made in major currencies (USD, EUR, GBP) via bank wire, credit/debit card, or PayPal. Bank wire transfers to Mongolia can take 3–5 business days and incur intermediary fees. For Mongolia traders seeking speed and low cost, EasyMarkets provides the most convenient payment options. If you already hold foreign currency accounts, IG’s simple card and PayPal options work well. Minimum deposits: EasyMarkets around $100 (or MNT equivalent), IG around $250 (USD).

Mongolia’s Muslim community, though small, includes traders who need swap-free accounts to comply with Islamic finance principles that prohibit earning or paying interest. Both EasyMarkets and IG offer Islamic (swap-free) accounts. EasyMarkets provides dedicated Islamic accounts with no swap charges on overnight positions, applicable to most forex and CFD instruments. IG grants swap-free status upon request, typically for clients residing in majority-Muslim countries, but Mongolia is often accepted. The main condition is that the account must not be used for pure hedging or arbitrage. For Mongolia Muslim traders, EasyMarkets’ straightforward Islamic account setup may be easier, as it is offered by default. IG requires a formal request and approval. Compare the lists of swap-free instruments, as some exotic pairs or commodities may still incur charges.

Customer support in Mongolia time zone (UTC+8) is crucial. IG offers 24/5 live chat, phone, and email support with English and Mandarin options. Their response time is fast, and the knowledge base is extensive. EasyMarkets provides 24/5 support via live chat, phone, and email, plus a callback service. English support is reliable. Neither broker offers Mongolian language support. For Mongolia traders, IG’s well-organised help centre and faster response times (typically under 2 minutes) edge out EasyMarkets. However, EasyMarkets’ callback option can be helpful for complex queries without waiting in chat queues.