FBS vs EasyMarkets: Which Broker is Best for Mongolia Traders in 2026?
Which broker is better for Mongolia traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Mongolia Traders
Mongolia's forex market is growing rapidly, with emerging retail traders in Ulaanbaatar and beyond seeking reliable brokers that accept MNT deposits and offer local payment methods like Bank Transfer, QPay, and USDT. FBS and EasyMarkets are two popular choices, but they cater to different needs. FBS boasts a higher overall score (3.7/5) and excels in low-cost trading, flexible leverage, and local payment integration. EasyMarkets (3.4/5) is known for its fixed spreads and user-friendly platform, ideal for beginners. This comparison will help Mongolia traders decide which broker aligns better with their trading style, budget, and local requirements, including FRC Mongolia considerations.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| 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 |
For Mongolia traders, trading costs are crucial. FBS offers variable spreads from 0.7 pips on EUR/USD with no commission on standard accounts, making it cheaper for high-volume traders. EasyMarkets provides fixed spreads around 1.5 pips, which removes uncertainty but is costlier over time. FBS also has a lower minimum deposit ($5 vs $25), which is attractive for emerging retail traders in Mongolia. If you trade frequently, FBS will save you more in spread costs.
Account Types Comparison
| 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 |
Leverage Comparison - Mongolia Traders
| Entity / Asset | FBS | EasyMarkets |
|---|---|---|
| Mongolia (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 |
Trading Instruments - Assets Available
| 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 |
Platforms Comparison
| Platform | FBS | EasyMarkets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FBS provides MetaTrader 4 and MetaTrader 5, the industry standards for advanced charting and automated trading. This suits Mongolia traders who want full control and EA support. EasyMarkets offers its proprietary web platform and mobile app, which is simpler but lacks advanced tools. For Mongolia traders who value customization and analysis, FBS is better; for beginners who prefer simplicity, EasyMarkets works well.
Execution Quality - Speed & Slippage
| 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 a market execution model with ECN technology on some accounts, ensuring fast order processing and no requotes. EasyMarkets uses a dealing desk with fixed spreads, which can lead to requotes during high volatility. For Mongolia traders who scalp or trade news, FBS offers superior execution speed. EasyMarkets is better for traders who prioritize predictable spreads over speed.
Regulation & Safety for Mongolia Traders
| Safety Factor | FBS | EasyMarkets |
|---|---|---|
| Primary regulator | IFSC | CySEC |
| Top-tier regulated | ✗ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Neither FBS nor EasyMarkets is regulated by the Financial Regulatory Commission (FRC) of Mongolia. FBS holds an IFSC (Belize) license, while EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia). For Mongolia traders, this means no local investor protection, but both brokers have established global reputations. EasyMarkets offers negative balance protection, which is a plus for risk-averse traders. Always verify current regulatory status before depositing.
Deposits & Withdrawals for Mongolia
| 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) |
Depositing and withdrawing in Mongolia is more convenient with FBS, as it supports Bank Transfer, QPay, and USDT. Bank Transfer via local banks takes 1-3 business days, while QPay and USDT are instant. EasyMarkets only accepts Bank Transfer and credit/debit cards, not QPay or USDT. FBS also has no deposit fees and offers free withdrawals once per month. For Mongolia traders using USDT, FBS is the clear winner.
Islamic Accounts - Swap-Free for Mongolia Muslims
| 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 Mongolia. FBS provides them on request for any account type, with no extra fees. EasyMarkets automatically offers swap-free accounts for clients from Muslim-majority regions, including Mongolia. Both brokers comply with Sharia law by not charging or paying overnight interest. This makes both suitable for halal forex trading.
Customer Support Comparison
| 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 live chat, email, and phone support in multiple languages, including Mongolian-friendly options. EasyMarkets provides 24/5 support via live chat, email, and phone, with English as the primary language. For Mongolia traders, FBS's 24/7 availability is more convenient, especially during different time zones. EasyMarkets' support is reliable but limited to weekdays.
Mobile App Comparison
| 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 |
Education & Research Tools
| Resource | FBS | EasyMarkets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FBS |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
FBS
EasyMarkets
Who Should Use Which Broker? - Mongolia Guide
Choose FBS if you...
- Want low spreads and low minimum deposits ($5) to start trading in Mongolia.
- Prefer using local payments like QPay, USDT, or Bank Transfer for deposits.
- Need MetaTrader 4 or 5 for advanced charting and automated trading.
- Trade high volumes and want cost-effective execution with no requotes.
Choose EasyMarkets if you...
- Are a beginner who values fixed spreads and no surprises.
- Prefer a simple, proprietary platform without complex tools.
- Want negative balance protection for extra safety.
- Only use Bank Transfer and don't need QPay or USDT support.
FAQ - FBS vs EasyMarkets in Mongolia
Final Verdict - Mongolia 2026
For Mongolia traders, FBS emerges as the stronger choice due to its higher rating (3.7/5), lower costs, and better local payment support including Bank Transfer, QPay, and USDT. It also offers MT4/MT5 platforms, 24/7 support, and Islamic accounts. EasyMarkets is a solid alternative for absolute beginners who prioritize fixed spreads and simplicity. However, given the specific needs of emerging retail traders in Mongolia—low deposits, local payment methods, and flexible trading tools—FBS is the recommended broker. Always check FRC Mongolia updates and trade responsibly.