EasyMarkets vs Tickmill for Mongolia Traders (2026)

For Mongolia traders, trading costs are a major factor, especially when dealing in MNT. Tickmill offers significantly lower spreads on its Raw account (from 0.0 pips) with a small commission, while EasyMarkets keeps spreads fixed from 1.0 pips with no commission. Over 100 standard lots per month, Tickmill can save traders up to $500 in spread costs compared to EasyMarkets. However, EasyMarkets’ fixed spreads protect against volatility, which can be valuable during news events. For high-volume traders in Ulaanbaatar, Tickmill is more cost-efficient. Beginners may prefer EasyMarkets’ predictable pricing, even if it’s slightly more expensive on average.

Both brokers offer MetaTrader 4 (MT4) and proprietary web platforms, but their suitability for Mongolia differs. EasyMarkets’ web trader is fully browser-based – ideal for traders using shared devices or older laptops in Mongolia – and includes one-click trading. Tickmill provides MT4 and MT5 on desktop and mobile, plus a web terminal. For mobile trading, Tickmill’s apps are more advanced with full charting and order types. EasyMarkets’ mobile app is simpler but effective for managing trades on the go. Overall, Tickmill offers greater platform depth, while EasyMarkets focuses on ease of use.

Tickmill uses a true ECN/STP model with average execution speed under 40 milliseconds, making it ideal for scalpers and day traders in Mongolia. EasyMarkets uses a market maker model with fixed spreads and offers a ‘no slippage’ guarantee, which protects against negative slippage during volatile markets but may result in requotes. For Mongolia traders who trade news events or require fast entries, Tickmill’s execution is superior. Beginners who value price certainty may prefer EasyMarkets’ execution despite the slightly slower speed.

EasyMarkets is regulated by CySEC, ASIC, and FCA, while Tickmill is regulated by FCA, CySEC, and the Seychelles FSA. Neither broker is directly supervised by the FRC Mongolia, which means Mongolian traders rely on the brokers’ international licenses for fund protection. Tickmill offers negative balance protection and client money segregation under FCA rules. EasyMarkets has similar protections under CySEC. For Mongolia traders, this means both are relatively safe, but compensation schemes (e.g., FSCS) do not apply locally. The FRC Mongolia does not prohibit trading with these brokers, but traders should verify license status.

Depositing and withdrawing funds is smooth for Mongolia traders at both brokers. Bank Transfer is accepted but can take 2–5 business days and may incur intermediate bank fees. QPay enables instant deposits in MNT directly from Mongolian banks – both brokers support it with no additional charge. USDT (Tether) deposits are processed within minutes on the Ethereum or TRC-20 network, with low fees. Tickmill’s minimum deposit is $25 (≈85,000 MNT), while EasyMarkets requires $100 (≈340,000 MNT). Withdrawals are equally flexible: QPay and USDT typically arrive within 1–24 hours, while Bank Transfer may take longer. Note that EasyMarkets charges a small withdrawal fee after the first free one each month; Tickmill offers one free withdrawal per month.

Muslim traders in Mongolia can open swap-free Islamic accounts at both EasyMarkets and Tickmill. EasyMarkets provides Islamic accounts automatically upon request with no extra spread markup – a good option for those who hold positions overnight. Tickmill’s Islamic accounts are available on all account types (Standard, Raw, Pro) and also charge no swap, but commissions still apply on the Raw account. Neither broker restricts Islamic accounts based on deposit size or trading volume. For Mongolians observing Sharia law, both brokers offer compliant solutions, though Tickmill’s lower spreads may be more attractive for active Islamic traders.

Customer support is essential for Mongolia traders facing time zone differences. EasyMarkets offers 24/5 live chat, email, and phone support in multiple languages including English and Chinese. Tickmill also provides 24/5 support via live chat and email, with fast response times (under 2 minutes on chat). Neither broker currently offers a Mongolian language option, but English support is sufficient for most. Tickmill’s support is slightly more responsive, while EasyMarkets includes a comprehensive FAQ and video tutorials that help new traders.