EasyMarkets vs Plus500: Full Comparison for New Zealand Traders (2026)

For New Zealand traders trading in USD, Plus500 generally offers lower spreads on major pairs like EUR/USD (0.6 pips average vs EasyMarkets’ fixed 1.0 pip). EasyMarkets’ fixed spreads can be advantageous during volatile news events, as they won’t widen unexpectedly. However, over a large number of trades, Plus500’s lower average cost reduces total trading expenses. For NZ traders trading 1 lot per trade, the difference of 0.4 pips equals $4 per round turn, which adds up. Commissions are not charged by either broker on standard forex trades; both earn via the spread. Plus500 also has a variable overnight financing charge, while EasyMarkets offers interest-free options on certain accounts. Consider your trading frequency – Plus500 suits scalpers, while EasyMarkets suits position traders who value cost certainty.

Plus500’s proprietary web-based platform is known for its intuitive design, one-click trading, and robust charting – ideal for New Zealand traders who want a seamless mobile experience. EasyMarkets offers its own web platform, plus MT4 and MT5 support, giving NZ traders more flexibility for automated trading and custom indicators. For beginners, Plus500’s platform is easier to navigate, but for advanced strategies, EasyMarkets’ MT4/MT5 integration is a clear advantage. Both platforms are available on desktop and mobile, with fast execution. NZ traders should note that EasyMarkets’ platform includes DealCancellation, a unique feature allowing trade reversal within 3 hours – beneficial for error-prone moments.

Both brokers provide fast execution with minimal slippage. EasyMarkets uses a market execution model with a ‘negative balance protection’ feature. Plus500 uses an NDD (No Dealing Desk) model with variable spreads. Execution speeds are comparable, typically under 100ms. For New Zealand traders trading volatile pairs like NZD/USD, Plus500’s execution remained stable in tests, while EasyMarkets’ guaranteed stop-loss may cause requotes in extreme conditions. Overall, Plus500 has a slight edge in consistency, while EasyMarkets offers safety nets.

Neither EasyMarkets nor Plus500 is regulated by the New Zealand Financial Markets Authority (FMA), meaning NZ traders rely on the broker’s oversight from other regulators. EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia); Plus500 holds FCA (UK), CySEC, and ASIC licenses. ASIC regulation (for both brokers) imposes leverage restrictions (maximum 30:1 for forex) and negative balance protection, which benefits NZ traders. However, clients may be onboarded under an offshore entity (e.g., Seychelles for Plus500) with different protections. Always confirm your account’s regulatory entity. As an NZ trader, choosing a broker with a strong regulatory history reduces risk. Both are publicly listed and have long track records, but Plus500’s larger market cap and FCA regulation give it a slight edge in perceived safety.

New Zealand traders can fund accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT TRC20 (EasyMarkets only for the latter). Plus500 also accepts credit/debit cards and PayPal, while EasyMarkets adds cards and PayPal. Deposits via Skrill/Neteller are instant and free; bank transfers may take 1-3 business days and incur fees from intermediary banks. For withdrawals, both brokers process within 1-3 business days. USDT TRC20 at EasyMarkets is a convenient option for crypto-savvy NZ traders, with low fees and fast processing. Minimum deposit: EasyMarkets $100 (USD), Plus500 has no stated minimum but $100 is practical for bank transfers. Note: NZD not available as base currency; all accounts are USD. Currency conversion fees may apply if depositing in NZD via bank transfer (usually covered by the bank).

For Muslim traders in New Zealand, both EasyMarkets and Plus500 offer swap-free (Islamic) accounts in compliance with Sharia law. EasyMarkets provides a straightforward request process: contact support and the account is converted immediately. Plus500 requires self-declaration (non-religious or Muslim) and then removes overnight interest on positions. The accounts apply to all instruments except certain commodities like oil. No additional fees are charged for maintaining an Islamic account. NZ traders should verify that the account type is available under their regulatory entity (e.g., ASIC may permit it). Overall, both brokers cater well to Islamic traders, with Plus500 offering a slightly more seamless online process.

Customer support for New Zealand traders is available 24/7 at both brokers via live chat and email. EasyMarkets offers phone support in English and other languages, while Plus500 lacks phone support but has an extensive FAQ and chatbot. Plus500’s live chat is responsive, but EasyMarkets wins for personal assistance. Response times are within minutes for chat. Neither broker has a dedicated New Zealand phone line, but international toll-free numbers are available. For complex account queries, EasyMarkets’ phone support is preferable.