Which broker is better for Belarus traders in 2026? Expert analysis across 12 categories.
For Belarus retail traders navigating the forex market, choosing between FXCM and EasyMarkets requires careful consideration of local factors such as available payment methods, regulatory oversight, and trading costs. FXCM, with a score of 3.5/5, is a well-established global broker known for its advanced trading platforms, competitive variable spreads, and extensive educational resources. EasyMarkets, scoring 3.4/5, differentiates itself with fixed spreads, guaranteed stop-loss orders, and a user-friendly interface that appeals to beginners. Both brokers accept Belarus clients and support local payment options including Bank Transfer, Skrill, Neteller, and USDT TRC20, making fund management convenient. However, the local financial regulator does not directly oversee either broker, so traders must rely on the brokers' international licenses (e.g., FCA, CySEC). This comparison breaks down key aspects—trading costs, platforms, regulation, deposits, and support—to help you decide which broker aligns with your trading style and local needs in Belarus.
| Instrument | FXCM | 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 | $50 | $25 | EasyMarkets |
When comparing trading costs for Belarus traders, FXCM offers variable spreads that can be as low as 0.2 pips on major pairs like EUR/USD during peak hours, with a commission on Raw Spread accounts. This structure benefits active traders who execute high volumes. EasyMarkets, in contrast, provides fixed spreads averaging 1.5 pips on EUR/USD with no commission, which simplifies cost calculation but tends to be higher overall. For a Belarus trader making 100 trades per month, FXCM may save $50–100 in spreads compared to EasyMarkets, depending on volume. However, EasyMarkets' fixed spreads protect against widening during volatile news events, a feature some Belarus traders prefer for risk management.
| Account Type | FXCM | EasyMarkets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $50 | $25 |
| Entity / Asset | FXCM | EasyMarkets |
|---|---|---|
| Belarus (offshore) | Up to 1:400 | Up to 1:2000 |
| Forex major pairs | 1:400 | 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 | FXCM | EasyMarkets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FXCM |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FXCM |
| Crypto CFDs | ✗ | 20+ | FXCM |
| Stocks / Share CFDs | ✗ | ✗ | EasyMarkets |
| ETFs | ✗ | ✗ | Tie |
| Platform | FXCM | EasyMarkets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✗ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FXCM provides the popular MetaTrader 4 (MT4) and Trading Station platforms, both offering advanced charting tools, automated trading via Expert Advisors, and one-click execution. These platforms are ideal for Belarus traders who rely on technical analysis and algorithmic strategies. EasyMarkets offers its proprietary web-based platform and mobile app, which emphasize simplicity with features like deal cancellation and guaranteed stop-loss. While less customizable than MT4, EasyMarkets' platform is beginner-friendly and works seamlessly on slower internet connections common in some parts of Belarus. Both platforms support local payment methods and are available in Russian, easing the learning curve for Belarus traders.
| Factor | FXCM | EasyMarkets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | EasyMarkets |
| Avg execution speed | ~30ms | ~40ms | FXCM |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
FXCM uses No Dealing Desk (NDD) execution with low latency, offering fast order fills and minimal requotes, which benefits Belarus traders using scalping or high-frequency strategies. EasyMarkets employs a market maker model, meaning they take the opposite side of your trade, which can lead to slower execution during volatile markets but ensures guaranteed stop-loss orders. For most retail traders in Belarus, FXCM’s execution speed is superior, but EasyMarkets’ guaranteed stops provide peace of mind. Both brokers have stable servers that perform well on standard internet connections in Belarus.
| Safety Factor | FXCM | EasyMarkets |
|---|---|---|
| Primary regulator | FCA | CySEC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FXCM is regulated by top-tier authorities including the FCA (UK) and CySEC (Cyprus), offering client fund segregation and negative balance protection. EasyMarkets is also regulated by CySEC and the ASIC (Australia), providing similar safeguards. For Belarus traders, neither broker is directly supervised by the local financial regulator, meaning you must rely on these international licenses for protection. The local financial regulator does not restrict access to either broker, but traders should be aware that EU-based entities (like CySEC) may impose leverage limits (e.g., 1:30 for major pairs), while offshore entities offer higher leverage. Always check the specific entity you are registering with to ensure it meets your risk tolerance and regulatory comfort.
| Payment Method | FXCM | EasyMarkets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | Internal Processing: FXCM reviews and processes requests in 1–2 business days.Credit or Debit Card: Arrives within 5 business days, though statements can take up to 1 billing cycle to update.Domestic Bank Wire: Arrives in 1–2 business days after processing.International Bank Wire: Arrives in 3–5 business days after processing. | 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) |
Belarus traders have multiple convenient options to fund accounts at both FXCM and EasyMarkets. Bank Transfer is accepted by both, but processing times range from 1–3 business days, with no fees from the brokers (though your bank may charge). Skrill and Neteller deposits are instant and free, making them popular for quick funding. USDT TRC20 (Tether) is also supported, allowing crypto-based deposits with minimal fees and near-instant confirmation, ideal for traders who prefer digital currencies. Withdrawals follow similar methods: e-wallets (Skrill, Neteller) process within 24 hours, while bank transfers take 2–5 days. FXCM typically has no withdrawal fees, whereas EasyMarkets may charge a small fee for bank transfers. Minimum deposits are $50 for FXCM and $100 for EasyMarkets, ensuring accessibility for Belarus retail traders.
| Islamic Account Feature | FXCM | 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 FXCM and EasyMarkets offer Islamic (swap-free) accounts for Belarus Muslim traders who require Sharia-compliant trading. FXCM provides swap-free accounts upon request after registration, with no additional fees, but positions held overnight do not incur or earn interest. EasyMarkets offers Islamic accounts directly during the sign-up process, also without swap charges. However, FXCM may restrict certain instruments or charge an administrative fee if swap-free accounts are misused (e.g., holding positions for extended periods). EasyMarkets is generally more straightforward, with no such restrictions for genuine Islamic traders. Both brokers support local payment methods like Skrill, Neteller, and USDT TRC20 on these accounts.
| Support Feature | FXCM | EasyMarkets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FXCM |
FXCM offers 24/5 customer support via live chat, email, and phone, with Russian-language assistance available, which is crucial for Belarus traders. EasyMarkets also provides 24/5 support in multiple languages, including Russian, with a responsive live chat and email system. Both brokers have comprehensive FAQ sections on their websites. FXCM’s support is slightly more extensive with dedicated account managers for higher-tier clients, while EasyMarkets is praised for its quick response times and helpfulness for beginners. For Belarus traders, language support and availability during local business hours are comparable.
| Mobile Feature | FXCM | EasyMarkets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FXCM |
| Google Play rating | 4.3 stars | 4.2 stars | FXCM |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | FXCM |
| Resource | FXCM | EasyMarkets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FXCM |
Choose FXCM if you...
Choose EasyMarkets if you...
For Belarus retail traders, the choice between FXCM and EasyMarkets hinges on your trading style and priorities. FXCM (3.5/5) is the better option for experienced traders who want low costs, advanced platforms, and fast execution, especially if you plan to trade high volumes or use automated strategies. Its support for local payments like Bank Transfer, Skrill, Neteller, and USDT TRC20 makes funding easy. EasyMarkets (3.4/5) excels for beginners or risk-averse traders who value fixed costs, guaranteed stop-loss, and a simpler experience. While both are regulated internationally and not directly by the local financial regulator, FXCM’s stronger overall rating and broader platform options give it a slight edge. Ultimately, assess your need for cost predictability versus flexibility, and consider starting with a demo account to test each broker’s features firsthand.