Which broker is better for Myanmar traders in 2026? Expert analysis across 12 categories.
Myanmar’s forex market is growing rapidly, with emerging retail traders seeking reliable brokers that accept MMK deposits and offer local payment methods like KBZPay and Wave Money. FBS and EasyMarkets are two popular choices, but they cater to different needs. FBS, with a score of 3.7/5, is known for low minimum deposits, flexible account types, and support for USDT and local transfers. EasyMarkets, scoring 3.4/5, offers fixed spreads and a user-friendly platform ideal for beginners. This comparison helps Myanmar traders decide based on trading costs, deposit methods, and regulation. While neither broker is regulated by the SECM, both hold international licenses. Understanding these differences is key to choosing the right broker for your trading style in Myanmar.
| 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 Myanmar traders, trading costs matter, especially when trading in MMK or small lots. FBS offers variable spreads starting from 0.7 pips on EUR/USD with its Standard account, and zero commissions on most accounts. EasyMarkets uses fixed spreads averaging 1.2 pips, which are higher but provide cost certainty. If you trade frequently or in high volume, FBS’s lower spreads can save significant costs over time. EasyMarkets’ fixed spreads suit traders who prefer predictable costs without worrying about market volatility. Overall, FBS is more cost-effective for active Myanmar traders.
| 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 |
|---|---|---|
| Myanmar (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 MetaTrader 4 and MetaTrader 5, both popular for advanced charting and automated trading. This is ideal for Myanmar traders who want to use Expert Advisors or custom indicators. EasyMarkets offers its proprietary web-based platform and mobile app, which are simpler and more intuitive for beginners. It also includes risk management tools like dealCancellation. For traders in Myanmar who value flexibility and advanced tools, FBS is better. For those starting out and preferring a straightforward experience, EasyMarkets is a solid choice.
| 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 average order speeds of 0.5 seconds, suitable for scalping and news trading. EasyMarkets uses market execution with slightly slower speeds (around 1 second) but offers guaranteed stop-loss orders. For Myanmar traders who trade frequently, FBS provides faster execution. For those who prioritize order safety, EasyMarkets’ guaranteed stops are beneficial.
| Safety Factor | FBS | EasyMarkets |
|---|---|---|
| Primary regulator | IFSC | CySEC |
| Top-tier regulated | ✗ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FBS is regulated by the FSC (Belize) and CySEC (Cyprus), while EasyMarkets is regulated by CySEC, ASIC, and the FSA (Seychelles). Neither broker is licensed by the SECM in Myanmar, meaning local traders do not have the same level of protection as with a local regulator. However, both brokers adhere to international standards, including client fund segregation. Myanmar traders should be aware of the risks and consider using brokers with strong reputations. For added security, choose a broker that offers negative balance protection, which both FBS and EasyMarkets provide.
| 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) |
Myanmar traders have several deposit and withdrawal options with both brokers. FBS supports KBZPay, Wave Money, bank transfers, and USDT (crypto), making it very accessible for local users. Minimum deposits start as low as $1 (approx. 2,100 MMK). EasyMarkets accepts bank transfers and USDT but does not support KBZPay or Wave Money. Its minimum deposit is $10 (approx. 21,000 MMK). For withdrawals, both brokers process requests within 1-2 business days, though FBS offers faster processing for local methods. If you prefer using mobile wallets like KBZPay, FBS is the clear winner.
| 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 Myanmar. FBS provides swap-free accounts upon request, with no interest charged on overnight positions. EasyMarkets automatically offers Islamic accounts with zero swap fees on all currency pairs. This is important for Myanmar’s Muslim population who follow Sharia law. EasyMarkets’ automatic provision is more convenient, while FBS requires a request. Both brokers ensure that Islamic accounts are available without additional costs.
| 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 English and Burmese language options. EasyMarkets provides 24/5 support via live chat and email, but does not offer Burmese language support. For Myanmar traders, FBS’s multilingual support is a significant advantage, especially for those who prefer local language assistance.
| 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 Myanmar traders, FBS is the better overall choice due to its higher score (3.7 vs 3.4), local payment support (KBZPay, Wave Money, USDT), lower spreads, and multilingual support. It is ideal for emerging retail traders who want flexibility and cost efficiency. EasyMarkets suits beginners who prefer simplicity and fixed costs. While neither broker is regulated by the SECM, both are reputable internationally. Consider your trading style and preferred deposit method before deciding. For most Myanmar traders, FBS offers the best balance of features and accessibility.