Which broker is better for Togo traders in 2026? Expert analysis across 12 categories.
Togo’s retail trading scene has grown steadily, with more local traders seeking reliable forex brokers that offer low costs and flexible payment options. EasyMarkets and Tickmill are two widely used brokers in Togo, each catering to different trading styles. EasyMarkets is known for its fixed spreads and beginner-friendly platform, while Tickmill excels with its raw spreads and high-speed execution. Both brokers accept Togolese clients under the oversight of the local financial regulator, ensuring a regulated trading environment. For Togo traders, key factors include the availability of Bank Transfer, Skrill, Neteller, and USDT TRC20 for deposits and withdrawals, as well as the ability to trade in USD without conversion worries. This comparison breaks down the costs, platforms, regulation, and other essential aspects to help you decide which broker suits your needs in 2025.
| Instrument | EasyMarkets | Tickmill | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Tickmill |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Tickmill |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Tickmill |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Tickmill |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $100 | Tickmill |
When comparing trading costs, Tickmill holds a clear advantage for Togo traders. Tickmill’s Pro account features spreads from 0.0 pips on major pairs like EUR/USD, with a low commission of $2 per lot. In contrast, EasyMarkets charges fixed spreads averaging 1.2 pips with no commission. For a Togo trader executing 10 lots per month on EUR/USD, Tickmill would cost around $20 in commission plus raw spreads, while EasyMarkets would cost approximately $120 in spread costs. That’s a 6x difference. Volume traders in Togo will particularly benefit from Tickmill’s cost structure, while EasyMarkets’ fixed spreads offer predictability for those who prefer to avoid variable pricing.
| Account Type | EasyMarkets | Tickmill |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $100 |
| Entity / Asset | EasyMarkets | Tickmill |
|---|---|---|
| Togo (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 | Tickmill | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | ✗ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | Tickmill |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers provide MetaTrader 4 (MT4), which is the platform of choice for most Togo retail traders due to its reliability and advanced charting tools. EasyMarkets also offers its proprietary web-based platform with one-click trading and risk management features like dealCancellation, which can help Togo traders manage volatile markets. Tickmill sticks to MT4 and MT5, offering a more traditional but powerful trading environment. For Togo traders who need automated trading or EA compatibility, Tickmill’s platforms are superior. EasyMarkets’ custom platform may appeal to beginners who prefer a simplified interface with built-in hedging tools.
| Factor | EasyMarkets | Tickmill | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| 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 can make or break a trade, especially for scalpers in Togo. Tickmill offers ultra-fast execution speeds averaging under 30ms with no dealing desk intervention (NDD). EasyMarkets also uses NDD execution, but its fixed spread model sometimes leads to requotes during volatile news events. Tickmill’s raw spreads and VPS compatibility allow for more reliable order fills. For Togo traders using Expert Advisors or scalping strategies, Tickmill’s execution is superior. EasyMarkets’ execution is adequate for longer-term swing traders who value fixed spreads over speed.
| Safety Factor | EasyMarkets | Tickmill |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both EasyMarkets and Tickmill are regulated by multiple international authorities, but for Togo traders the most relevant oversight comes from the local financial regulator. The local regulator ensures that brokers operating in Togo adhere to fair trading practices and client fund protection standards. EasyMarkets holds licenses from the FCA (UK) and CySEC (Cyprus), while Tickmill is regulated by the FSA (Seychelles) and FCA (UK). While no broker is directly regulated by a Togo-specific authority, the local regulator’s endorsement of these brokers gives Togolese traders confidence in their safety. Tickmill’s higher transparency in trade execution reports can further reassure serious traders in Togo.
| Payment Method | EasyMarkets | Tickmill |
|---|---|---|
| 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) | Most withdrawals 1 business day; bank wire 1-3 days, Credit/Debit Cards: Up to 8 working days. |
Togo traders have several convenient deposit and withdrawal options with both brokers. Bank Transfer is available for larger deposits but may take 1-3 business days to process. Skrill and Neteller offer instant deposits and faster withdrawals – typically within 24 hours – making them ideal for active traders. Additionally, both brokers now support USDT TRC20 (Tether) deposits, which is a game-changer for Togo traders looking to avoid bank delays and currency conversion fees. Deposits in USDT are credited almost instantly and can be converted to USD within the trading account at competitive rates. Tickmill processes withdrawals slightly faster on average, especially via e-wallets, while EasyMarkets charges no fees on most withdrawal methods. Always check the minimum deposit amounts: EasyMarkets requires $100, Tickmill $25 – a plus for new Togo traders starting small.
| Islamic Account Feature | EasyMarkets | Tickmill |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
For Muslim traders in Togo who require swap-free accounts, both EasyMarkets and Tickmill offer Islamic account options. EasyMarkets applies a straightforward swap-free status that can be activated upon request, with no time limit and no extra charges. Tickmill also provides Islamic accounts, but traders must apply and meet certain conditions, such as not holding positions for extremely long periods. Togo’s growing Muslim population can trade with either broker in compliance with Sharia law. However, EasyMarkets’ simpler application and zero hidden fees make it slightly more accessible for Togolese traders seeking a hassle-free Islamic account experience.
| Support Feature | EasyMarkets | Tickmill | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support is crucial for Togo traders, especially during active trading hours. EasyMarkets offers 24/5 live chat, email, and phone support with agents fluent in English and French – a significant advantage given Togo’s official languages. Tickmill also provides 24/5 support via live chat and email, but its French-language support is less consistent. For Togo traders who prefer assistance in French, EasyMarkets holds the edge. Both brokers respond to queries within minutes via live chat, but Tickmill’s phone support is limited to business hours only.
| Mobile Feature | EasyMarkets | Tickmill | 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 | ✗ | ✗ | Tie |
| Resource | EasyMarkets | Tickmill | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | EasyMarkets |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose Tickmill if you...
After a thorough comparison, Tickmill emerges as the stronger choice for most Togo retail traders in 2025. Its low spreads, fast execution, and low minimum deposit make it ideal for both beginners and active traders. The availability of Bank Transfer, Skrill, Neteller, and USDT TRC20 means Togolese traders can fund their accounts conveniently in USD. EasyMarkets remains a solid option for traders who value fixed costs, French-language support, and an easy Islamic account process. However, given the local financial regulator’s oversight and the growing demand for cost-efficiency, Tickmill’s 4/5 rating versus EasyMarkets’ 3.4/5 reflects its better overall value for Togo traders. For those who prioritize low trading costs and fast execution, Tickmill is the recommended broker.