Which broker is better for Belarus traders in 2026? Expert analysis across 12 categories.
Belarus has a growing retail forex community, and in 2026 traders in Minsk and beyond are looking for brokers that combine reliable execution with convenient local payment methods. This comparison pits EasyMarkets against Pepperstone, two international brokers that accept Belarusian clients and operate in USD. EasyMarkets, rated 3.4/5, is well known for its fixed spreads, the risk-reducing guaranteed stop loss, and an easy-to-use web platform that appeals to beginners. Pepperstone, rated 4.9/5, is a global multi-regulator broker offering raw spreads from 0.0 pips, ultra-fast execution, and support for MetaTrader 4, MetaTrader 5, cTrader, and TradingView. For Belarus traders, the ability to fund an account with Bank Transfer, Skrill, Neteller, or USDT TRC20 is a major consideration, and both brokers support these routes with varying speed and fees. While neither broker is licensed by the local financial regulator in Belarus, the National Bank of the Republic of Belarus does not prohibit residents from trading with foreign brokers, as long as they use them at their own risk. This guide gives you a Belarus-specific breakdown of costs, platforms, regulation, and deposits.
| Instrument | EasyMarkets | Pepperstone | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Pepperstone |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Pepperstone |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Pepperstone |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Pepperstone |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $0 | Pepperstone |
For Belarus traders, the cost of each trade goes straight to the bottom line, and the difference between EasyMarkets and Pepperstone is significant. EasyMarkets operates with fixed spreads, typically starting from 1.0 pips on major USD pairs, which gives you predictability but puts you at a disadvantage when market volatility tightens spreads elsewhere. Pepperstone offers two account types: Standard spreads from 1.0 pips and the Razor account with raw spreads starting at 0.0 pips plus a $7 round-turn commission per lot. For high-volume Belarus traders, the Razor account is almost always cheaper, especially if you are trading USD pairs on MT5 or cTrader. If you only place a few small trades per month, EasyMarkets may be easier to budget for because there is no commission and spreads are fixed. But as your trading volume grows, Pepperstone’s pricing model will save you money on every lot you trade.
| Account Type | EasyMarkets | Pepperstone |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $0 |
| Entity / Asset | EasyMarkets | Pepperstone |
|---|---|---|
| Belarus (offshore) | Up to 1:2000 | Up to 1:1000 |
| Forex major pairs | 1:2000 | 1:1000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | EasyMarkets | Pepperstone | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | Pepperstone |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | Pepperstone |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✓ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Belarus traders need platforms that are stable, mobile-friendly, and available in Russian. EasyMarkets offers its proprietary web platform, which is extremely simple to use and includes tools like dealCancellation and guaranteed stop loss, plus MetaTrader 4 for those who want standard functionality. Pepperstone gives you the full suite: MetaTrader 4, MetaTrader 5, cTrader, and TradingView, all with desktop, web, and mobile versions. This matters for Belarus traders who want to automate strategies with Expert Advisors or use advanced charting tools. Pepperstone also has TradingView’s powerful charting and social trading features, which are popular among retail traders in Belarus. EasyMarkets’ web platform is fine for beginners, but if you need depth, speed, or custom indicators, Pepperstone’s multi-platform ecosystem is clearly more suitable.
| Factor | EasyMarkets | Pepperstone | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Pepperstone |
| 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 |
Execution quality is where Pepperstone clearly outshines EasyMarkets. Pepperstone uses multiple liquidity providers and low-latency infrastructure, delivering average execution speeds of around 30–40 ms, which is ideal for scalpers and algorithmic traders in Belarus. EasyMarkets offers market execution with fixed spreads and also provides guaranteed stop loss orders on selected platforms, but its execution is not designed for high-frequency trading. For Belarus retail traders who rely on stable internet connections and MT5/cTrader speed, Pepperstone’s execution model reduces slippage and improves fill precision. If you are a swing trader, EasyMarkets is acceptable, but anyone serious about precise entry and exit should lean toward Pepperstone.
| Safety Factor | EasyMarkets | Pepperstone |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Neither EasyMarkets nor Pepperstone is regulated by the local financial regulator in Belarus, and the National Bank of the Republic of Belarus does not supervise international forex brokers. However, both brokers hold licenses from respected foreign regulators: EasyMarkets is regulated by CySEC in Cyprus and ASIC in Australia, while Pepperstone is regulated by ASIC, the UK FCA, CySEC, and the Dubai FSA. For Belarus traders, this means your account is subject to the rules of those foreign regulators, but you will not benefit from local investor compensation schemes. Always remember that when you trade offshore without local supervision, you carry additional risk. That said, both brokers are established, audited, and widely used, so they are far safer than unregulated startups. You should still read their client agreements carefully and use only the payment methods you can trace.
| Payment Method | EasyMarkets | Pepperstone |
|---|---|---|
| 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 to 5 business days if submitted before 07:00 AEST |
Belarus traders can fund their accounts at both EasyMarkets and Pepperstone using Bank Transfer, Skrill, Neteller, and USDT TRC20. Bank Transfer is the slowest and can cost extra due to correspondent banking fees, especially in USD, so it is best for large balances. Skrill and Neteller are convenient and fast, but you may pay a currency conversion fee if you deposit in USD. USDT TRC20 is becoming the go-to option for Belarus traders because it is fast, has very low fees, and bypasses traditional banking delays. Pepperstone is particularly strong here, processing USDT TRC20 deposits quickly and supporting withdrawals back to USDT. EasyMarkets also accepts USDT TRC20, but withdrawal processing can take up to 48 hours. For withdrawals, Pepperstone generally processes most methods within 24 hours, while EasyMarkets can take 1–3 business days. A reliable funding route for Belarus traders would be to deposit via USDT TRC20 or Skrill and withdraw through the same method.
| Islamic Account Feature | EasyMarkets | Pepperstone |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Belarus has a small Muslim community, and if you require a swap-free account, both brokers can accommodate you. EasyMarkets offers Islamic accounts across all its account types, including fixed-spread accounts, and applies no swap charges on overnight positions. Pepperstone also provides Islamic accounts on its Standard and Razor accounts, but you need to request it by contacting their support team first. For Belarus traders using an Islamic account, it is important to know that swap-free conditions usually apply to forex pairs and major metals, while indices and crypto may still have fees or be unavailable. Always confirm the exact conditions with the broker before opening the account, because hidden fees can appear in the form of widened spreads or admin charges on long-held positions.
| Support Feature | EasyMarkets | Pepperstone | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support in Russian and English matters for Belarus traders. EasyMarkets offers 24/5 live chat and email support, with agents who speak Russian and English. Pepperstone provides 24/7 live chat, phone, and email support, also with Russian-speaking staff available during Belarus business hours. Because Pepperstone is available around the clock, you can reach them even during late-night trading sessions or on weekends, which is useful for weekend research and account issues. Live chat response times are fast with both brokers, but Pepperstone’s multilingual and always-available support gives it a slight edge for Belarusians.
| Mobile Feature | EasyMarkets | Pepperstone | 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 | ✗ | ✓ | Pepperstone |
| Resource | EasyMarkets | Pepperstone | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose Pepperstone if you...
For the vast majority of Belarus traders, Pepperstone is the better choice. Its 4.9/5 score, lower spreads, faster execution, and wider platform selection give it a clear edge, especially if you trade in USD and want to use USDT TRC20 for deposits. EasyMarkets, at 3.4/5, is still a legitimate broker and works well for beginners who value fixed costs and guaranteed stop loss. But if you are comparing transfers with Bank Transfer, Skrill, Neteller, or USDT TRC20, Pepperstone offers faster withdrawals and a more flexible funding process. Keep in mind that neither broker is regulated by the local financial regulator in Belarus, so you are responsible for managing risk. Overall, for cost-conscious Belarus retail traders, Pepperstone delivers more value per trade.