FXCM vs EasyMarkets: Full Comparison for New Zealand Traders (2026)

For New Zealand traders, trading costs vary significantly between FXCM and EasyMarkets. FXCM offers variable spreads from 0.2 pips on its Raw Spread account with a $5 commission per lot, ideal for high-volume traders. EasyMarkets provides fixed spreads averaging 1.2 pips on major pairs, with no commission, which suits smaller retail traders. Over 100 trades per month, FXCM's variable spreads can save up to 30% on costs compared to EasyMarkets' fixed structure. However, during volatile news events, EasyMarkets' fixed spreads protect Kiwi traders from sudden widening.

FXCM provides MetaTrader 4, TradingView, and its proprietary Trading Station platform, offering advanced charting and automated trading via Expert Advisors. This suits New Zealand traders who use algorithmic strategies. EasyMarkets offers its own web-based platform and mobile app, along with MT4, but lacks TradingView integration. For Kiwi traders who prioritize simplicity and one-click trading, EasyMarkets' platform is more intuitive. Both platforms are available in English and support NZD as a base currency.

FXCM uses No Dealing Desk (NDD) execution with access to multiple liquidity providers, resulting in average execution speeds of 15ms. EasyMarkets operates a Market Maker model with fixed spreads, offering instant execution but potential requotes during high volatility. For New Zealand traders trading during Asian session overlaps, FXCM's NDD model provides tighter spreads and faster fills, while EasyMarkets' execution is more predictable for smaller lots.

Both FXCM and EasyMarkets are regulated by a local financial regulator, providing New Zealand traders with client fund segregation and negative balance protection. FXCM is also licensed with the FCA and ASIC, adding an extra layer of oversight. EasyMarkets is regulated by CySEC and ASIC, ensuring compliance with international standards. For New Zealand clients, this means their funds are held in segregated accounts, and disputes can be escalated to the local regulator. Always verify the broker's registration status on the official regulator website before trading.

New Zealand traders can fund their accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT TRC20. FXCM requires a minimum deposit of $50 USD, while EasyMarkets asks for $100 USD. Bank Transfers typically take 1-3 business days, while Skrill and Neteller are instant. USDT TRC20 deposits are processed within minutes with no fees from either broker. Withdrawals are free at both brokers, but FXCM processes them within 1 business day, whereas EasyMarkets may take up to 2 days. Note that Bank Transfer withdrawals may incur intermediary bank fees. Both brokers allow withdrawals via the same method used for deposit.

Both FXCM and EasyMarkets offer Islamic (swap-free) accounts for New Zealand Muslim traders. FXCM's Islamic account is available on request and applies to all account types, but may have a limited holding period for certain instruments. EasyMarkets provides a dedicated Islamic account with no swap charges and no hidden fees, making it more transparent. Kiwi traders should confirm eligibility with customer support before opening an Islamic account. Both brokers comply with Sharia law by not charging overnight interest on positions.

FXCM offers 24/5 live chat, email, and phone support in English, with a dedicated New Zealand phone number. EasyMarkets provides 24/5 support via live chat, email, and callback service. EasyMarkets' support team is known for faster response times (under 30 seconds on live chat), while FXCM offers more comprehensive educational resources. Both brokers have helpful FAQ sections tailored to Kiwi traders.