Oanda vs easyMarkets Broker Comparison

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Are you trying to figure out which is a better broker, Oanda or easyMarkets? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that easyMarkets is the better of the two. easyMarkets offers 200+ instruments, licenses from CySec, ASIC, and fair trading fees.

In the tables below, you can compare the features of Oanda and easyMarkets side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked easyMarkets higher than Oanda.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
Oanda logoEasymarkets
OPEN ACCOUNTReviewReview
RATING90/10093/100
MIN. DEPOSIT0$100$
REGULATED BYuk australia st-vincent-the-grenadineseurope australia
BONUSNo Information50% first time deposit bonus
MIN. SPREAD00.9
MAX. LEVERAGE1:2001:400
CURRENCY PAIRS45103
TRADING INSTRUMENTS126200+
TRADING PLATFORMSMT4, Mobile, WebTraderMT4, Mobile, WebTrader
DEPOSIT METHODSBank wire, Visa, Mastercard, Skrill, Neteller and othersBank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
TYPE OF BROKERSMarket MakerMarket Maker
CUSTOMER SUPPORT24/724/5
LANGUAGE SUPPORT48
ESTABLISHED19902001
USED BY100,000+ Traders100,000+ Traders

Does Oanda or easyMarkets have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Oanda and easyMarkets are, we first considered the common fees on Standard Accounts. At Oanda the average spread for the EUR/USD currency pair is 0 pips, whilst at easyMarkets the spread is 0.9.

This shows that Oanda is the better option for low-cost forex trading.

When it comes to non-trading fees, Oanda charges for . easyMarkets charges for . With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that easyMarkets is the better option.

Trading Fees*

TYPE OF FEEOANDAEASYMARKETS
Minimum Spread EURUSD (pips)00.9
Commission (%)0
Commission on Islamic Accounts (%)0

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEOANDAEASYMARKETS
Account FeesNN
Inactivity FeesNN
Deposit FeesNN
Withdrawal FeesNN

Which broker is safer, Oanda or easyMarkets?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Oanda is regulated by FCA, ASIC, FSA(SVG), NFA, IIROC, MAS and does not offer client protection. easyMarkets is regulated by CySec, ASIC and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that easyMarkets is the safer broker.

Broker summary

OANDAEASYMARKETS
Minimum Deposit (USD $)0100
LicensesFCA, ASIC, FSA(SVG), NFA, IIROC, MASCySec, ASIC
Max. Leverage1:2001:400
Client ProtectionNY
Broker TypeMarket MakerMarket Maker
Number of Instruments126200+
Currency Pairs45103
Stocks52
Cryptocurrencies6
CFDsNY
Proprietary Trading PlatformNN
MT 4YY
MT 5NN
Mobile CompatibleYY
Research ToolsNY
Educational MaterialsYY
Payment MethodsBank wire, Visa, Mastercard, Skrill, Neteller and othersBank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at Oanda and easyMarkets?

Oanda provides traders with 126 instruments. This includes 45 currency pairs, cryptocurrencies, and stocks and shares. With Oanda, you cannot trade CFDs.

In comparison, easyMarkets boasts 200+ tradable instruments. easyMarkets offers 103 currency pairs, 6 cryptocurrencies, and 52 stocks and shares. easyMarkets also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

INSTRUMENTOANDAEASYMARKETS
Currency Pairs45103
Commodities90+12
Precious Metals021
Indices15
Stocks and Shares52
Cryptocurrencies6
Options30
ETFs11

Which broker offers the best trading platform, Oanda or easyMarkets?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Oanda provides you with the ability to trade via 3 trading platforms, and easyMarkets has 3 trading platforms, too. Both brokers also offer research and trading tools, however easyMarkets has more.

Overall, our experts agree that easyMarkets boasts the better trading platform offering.

Research Tools

TOOLOANDAEASYMARKETS
News (from top-tier sources)YY
Trading Signals and IndicatorsNY
Trade IdeasNY
Expert AnalysisNY
Autochartist ToolsNN
Sentiment ChartsNY
Economic CalendarNY

Which is better for beginners, Oanda or easyMarkets?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that easyMarkets is the better broker for beginner traders as it offers a larger range of educational tools and materials. easyMarkets also has a minimum deposit of $.

Educational Features

FEATUREOANDAEASYMARKETS
Demo AccountNY
Platform Tutorial VideosNY
Educational PDFsNY
Live WebinarsNY
YouTube VideosNY
Trading AcademyNY
Trading GlossaryNY

Which broker is better overall?

Overall, our tested reviewing methodology proves that easyMarkets is the better broker in a range of key areas. You can learn more by reading our Oanda and easyMarkets reviews.

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