EasyMarkets vs Plus500: Philippines Trader Comparison 2026

For Philippines traders, trading costs are crucial, especially when converting pesos to dollars. EasyMarkets offers fixed spreads starting from 1.1 pips on EUR/USD and no commission on forex trades. Plus500 uses variable spreads that can be as low as 0.6 pips but may widen to 1.2 pips during news events. When trading in volume, Plus500's lower average spreads can save costs for high-frequency traders. However, EasyMarkets' fixed spreads provide certainty, which is valuable for OFWs executing smaller but frequent remittance conversions. Both brokers charge swap fees on overnight positions, but Islamic accounts are available (see below).

Both brokers excel on mobile. EasyMarkets offers a proprietary platform available on iOS and Android with an intuitive interface and one-click trading. Plus500's platform is web-based and also has mobile apps, widely praised for its simplicity and fast loading on 4G/5G networks common in Philippines. Plus500's platform includes advanced charting with 90+ indicators, while EasyMarkets provides more risk management features like deal cancellation and pending orders for beginners. For Filipino traders on the go, both are excellent, but Plus500's app is slightly faster and supports more instruments.

Execution quality: EasyMarkets uses fixed spreads and instant execution with no requotes, ideal for Filipino traders who need price certainty. Plus500 offers variable spreads and market execution, often with faster order fills during volatile sessions. Plus500's execution is generally faster due to its centralized liquidity, while EasyMarkets may have slight delays during major news events. For scalpers or day traders in the Philippines trading during overlap of Asian and US sessions, Plus500's speed is beneficial. Both brokers guarantee execution of market orders at the next available price.

EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia). Plus500 is regulated by the FCA (UK), ASIC, CySEC, and others. Neither broker has a license from the SEC Philippines, but they are allowed to accept Filipino clients as they are regulated by top-tier authorities. The SEC Philippines advises traders to only use brokers that are registered with them or regulated by recognized foreign regulators. Both brokers meet that requirement. For added safety, check that EasyMarkets and Plus500 are listed on the SEC Philippines' list of foreign brokers allowed to solicit clients locally.

Filipino traders have several convenient options. Both EasyMarkets and Plus500 support GCash, PayMaya, local bank transfers (via BPI, BDO, Metrobank), and USDT (crypto). EasyMarkets has a lower minimum deposit of $25 (about ₱1,400) compared to Plus500's $100 (about ₱5,600). Deposits via USDT are instant on both. Withdrawals: EasyMarkets processes in 1-2 business days to bank accounts or GCash, with no fees. Plus500 takes 2-5 days and may charge a small fee for bank wire withdrawals. For OFWs who need fast access to funds, EasyMarkets is faster. Both require KYC verification with valid Philippine ID (passport, driver's license, or UMID).

Both brokers offer swap-free Islamic accounts compliant with Sharia law. EasyMarkets allows you to open an Islamic account directly during registration – simply select the swap-free option. Plus500 offers Islamic accounts but requires you to contact customer support after opening a standard account. The swap fees are waived for all overnight positions. Filipino Muslim traders from Mindanao areas like Cotabato or Marawi can use either broker, but EasyMarkets provides a smoother onboarding process. Note that some trading restrictions may apply on long-term positions, so confirm with the broker before trading.

Support for Filipino traders: EasyMarkets offers 24/5 live chat, email, and phone support in English. Plus500 also has 24/7 live chat and email support, plus a comprehensive FAQ page. Neither broker has a Philippines-specific hotline or Tagalog support. EasyMarkets is known for faster response times (under 2 minutes), while Plus500 uses an AI chatbot first and then connects to human agents. For urgent issues like deposit problems with GCash, EasyMarkets' chat is more responsive.