Which broker is better for Chad traders in 2026? Expert analysis across 12 categories.
For retail traders in Chad, choosing the right forex broker is crucial for success in the global currency markets. FBS and EasyMarkets are two popular options, each with distinct features tailored to different trading styles. FBS, with a score of 3.7/5, is known for its low spreads, flexible leverage, and extensive payment methods including Bank Transfer, Skrill, Neteller, and USDT TRC20. EasyMarkets, scoring 3.4/5, offers a user-friendly platform with fixed spreads and a risk management tool called dealCancellation. Both brokers accept clients from Chad and provide access to major forex pairs, commodities, and indices. However, local traders should consider factors like deposit methods, regulatory oversight, and trading costs when deciding. This comparison will help you understand which broker aligns better with your trading goals in Chad.
| Instrument | FBS | EasyMarkets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | EasyMarkets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | EasyMarkets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | EasyMarkets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | EasyMarkets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $5 | $25 | EasyMarkets |
When comparing trading costs, FBS offers a clear advantage for Chad traders. FBS spreads start from 0.7 pips on its standard account, while EasyMarkets provides fixed spreads from 1.0 pip on major pairs. For a trader executing 10 standard lots per month, FBS could save approximately $300 in spread costs compared to EasyMarkets. Additionally, FBS charges no commission on standard accounts, whereas EasyMarkets includes spreads as the sole cost. For high-volume traders in Chad, FBS is more cost-effective, but EasyMarkets fixed spreads offer predictability for budgeting.
| Account Type | FBS | EasyMarkets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $5 | $25 |
| Entity / Asset | FBS | EasyMarkets |
|---|---|---|
| Chad (offshore) | Up to 1:3000 | Up to 1:2000 |
| Forex major pairs | 1:3000 | 1:2000 |
| 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 | FBS | EasyMarkets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FBS |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FBS |
| Crypto CFDs | 30+ | 20+ | FBS |
| Stocks / Share CFDs | ✗ | ✗ | EasyMarkets |
| ETFs | ✗ | ✗ | Tie |
| Platform | FBS | EasyMarkets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FBS provides the popular MetaTrader 4 and MetaTrader 5 platforms, which are widely used by Chad traders for their advanced charting tools, automated trading via Expert Advisors, and mobile access. EasyMarkets offers its proprietary web-based platform and mobile apps, which are simpler and ideal for beginners. While FBS platforms cater to experienced traders needing customization, EasyMarkets platform includes unique features like dealCancellation and free guaranteed stop-loss orders, which can be valuable for risk-averse traders in Chad.
| Factor | FBS | EasyMarkets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | EasyMarkets |
| Avg execution speed | ~30ms | ~40ms | FBS |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
FBS uses No Dealing Desk (NDD) execution with low latency, ensuring fast order processing for Chad traders. EasyMarkets also offers market execution with no requotes, but its fixed spreads can lead to slippage during volatile markets. For scalpers and high-frequency traders in Chad, FBS execution is more reliable, while EasyMarkets suits traders who prefer stable pricing.
| Safety Factor | FBS | EasyMarkets |
|---|---|---|
| Primary regulator | IFSC | CySEC |
| Top-tier regulated | ✗ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FBS is regulated by the International Financial Services Commission (IFSC) of Belize, while EasyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). Neither broker is regulated by the local financial regulator in Chad, but both adhere to international standards. For Chad traders, this means funds are held in segregated accounts, and negative balance protection is available. However, traders should be aware that regulatory oversight is not local, so due diligence is recommended.
| Payment Method | FBS | EasyMarkets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | Electronic Wallets / Systems: Credited immediately to 30 minutes (processed 24/7 by the financial department).Cryptocurrency: Instant, though subject to blockchain network confirmations.Credit / Debit Cards: Average of 3 to 4 business days (internal processing takes 15–20 minutes, plus bank clearance).Bank Transfers: Usually processed within 7 to 10 business days. | 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) |
Chad traders can deposit and withdraw funds at both brokers using Bank Transfer, Skrill, Neteller, and USDT TRC20. FBS supports a wider range of methods, including local bank transfers and e-wallets, with minimum deposits as low as $1. EasyMarkets requires a minimum deposit of $25 and focuses on credit/debit cards and e-wallets. USDT TRC20 is particularly beneficial in Chad for its speed and low fees, with deposits processed within minutes. Withdrawals at FBS are typically processed within 24 hours, while EasyMarkets may take 1-3 business days. Both brokers do not charge deposit fees, but Chad traders should check for any bank or intermediary charges.
| Islamic Account Feature | FBS | EasyMarkets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both FBS and EasyMarkets offer Islamic (swap-free) accounts for Muslim traders in Chad. These accounts comply with Sharia law by eliminating overnight swap fees on positions held for more than one day. FBS provides Islamic accounts on all account types, while EasyMarkets offers them on request. Chad traders can switch to an Islamic account after verifying their identity and confirming their religious beliefs. This feature is essential for traders who observe Islamic financial principles.
| Support Feature | FBS | EasyMarkets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FBS |
FBS offers 24/7 customer support via live chat, email, and phone, with multilingual agents including French and English, which is beneficial for Chad traders. EasyMarkets provides support through live chat, email, and phone during business hours, with a focus on English and Arabic. FBS has a slight edge with round-the-clock availability, while EasyMarkets offers personalized support for beginners.
| Mobile Feature | FBS | EasyMarkets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FBS |
| Google Play rating | 4.3 stars | 4.2 stars | FBS |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | FBS | EasyMarkets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FBS |
Choose FBS if you...
Choose EasyMarkets if you...
For retail traders in Chad, FBS emerges as the stronger choice overall, with a higher score of 3.7/5 compared to EasyMarkets 3.4/5. FBS offers lower spreads, a wider range of local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, and advanced platforms for active traders. However, EasyMarkets is a solid alternative for beginners or those who prefer fixed spreads and risk management features. Both brokers are not regulated by the local financial regulator in Chad, but they follow international standards. Ultimately, choose FBS for cost efficiency and flexibility, or EasyMarkets for simplicity and safety.