EasyMarkets vs Plus500 for Mongolia Traders (2026)

For Mongolia traders, trading costs are critical, especially when converting MNT to USD. Plus500 offers variable spreads from 0.6 pips on EUR/USD, which are lower than EasyMarkets' fixed spreads starting at 1.0 pip. On a standard lot, Plus500 saves approximately $4 per round turn, which adds up for high-volume traders. However, EasyMarkets’ fixed spreads protect against slippage during volatile times, a useful feature for those new to forex. Both charge no commissions on forex trades, but Plus500 applies a currency conversion fee for non-USD accounts, which can affect Mongolia traders depositing in MNT via QPay or Bank Transfer. EasyMarkets also has a conversion fee, but its fixed spreads make budgeting easier.

EasyMarkets provides the popular MetaTrader 4 (MT4) and its proprietary web trader, while Plus500 offers only its proprietary web and mobile platform. For Mongolia traders, MT4 offers advanced charting and automated trading via Expert Advisors, ideal for those who want to use strategies. Plus500’s platform is simpler and intuitive, with built-in risk management tools like stop-loss and guaranteed stop-loss, making it beginner-friendly. Both have mobile apps compatible with Android and iOS, essential for traders on the go. Plus500 also offers a demo account with unlimited access, while EasyMarkets limits demo to 30 days. For Mongolian users who prefer familiar interfaces, EasyMarkets' MT4 is a stronger draw.

EasyMarkets uses a market maker model with fixed spreads and instant execution, while Plus500 is an STP broker with variable spreads and fast execution. For Mongolia traders, Plus500's execution is generally faster, especially during high volatility, due to its no-dealing-desk model. However, EasyMarkets' deal cancellation feature allows you to cancel losing trades within a few minutes, a unique benefit for emerging traders. Slippage is minimal on both, but Plus500 may experience requotes less frequently. Overall, Plus500 offers superior execution speed, while EasyMarkets provides greater control for beginners.

Both brokers are regulated by top-tier authorities: EasyMarkets by CySEC and ASIC, and Plus500 by the FCA and CySEC. Neither is directly overseen by Mongolia's Financial Regulatory Commission (FRC), but they comply with international standards that include client fund segregation and negative balance protection. For Mongolia traders, this means your deposits are protected under European investor compensation schemes, though not under FRC. EasyMarkets also offers additional insurance. When trading from Mongolia, you rely on the broker's regulatory jurisdiction, not local law. Always verify the broker's entity when opening an account to ensure you fall under the strongest protection.

Depositing and withdrawing funds is straightforward for Mongolia users. Both brokers accept Bank Transfer, QPay, and USDT (Tether). EasyMarkets also supports credit/debit cards and e-wallets like Skrill and Neteller, while Plus500 adds PayPal. Minimum deposits: EasyMarkets $100 (or MNT equivalent via QPay), Plus500 $100. Withdrawals are processed within 1-3 business days for both, though Plus500 charges a small withdrawal fee after monthly free withdrawals. Best practice: use USDT for instant deposits with low fees, Bank Transfer for larger sums, and QPay for quick MNT deposits. Note that converting MNT to USD may incur a currency conversion fee at both brokers, so factor that into your trading costs.

For Muslim traders in Mongolia seeking Sharia-compliant trading, both EasyMarkets and Plus500 offer swap-free Islamic accounts. EasyMarkets provides the option upon request after registration, while Plus500 allows selection during account opening. These accounts do not charge or pay overnight interest, making them suitable for long-term positions. Both brokers require that the account is used for trading, not for interest speculation. Mongolia has a small but growing Muslim community, and these accounts ensure compliance with Islamic finance principles. Note that EasyMarkets may charge a one-time administrative fee for Islamic accounts, while Plus500 provides them free of charge.

Customer support is available 24/5 for both brokers via live chat, email, and phone. Plus500 adds a multilingual chat, while EasyMarkets offers phone support in English. For Mongolia traders, time zone difference (UTC+8) means support is accessible during Asian trading hours. Both have comprehensive FAQs and educational resources. EasyMarkets provides more personalized support for beginners, while Plus500 focuses on efficient self-service. Neither offers Mongolian language support, so English proficiency is required. Live chat response times are under 5 minutes for both.