Oanda vs easyMarkets Broker Comparison

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.

Rating
90/100
93/100
Min. Deposit
0$
100$
Regulated By
FCAFCA
ASICASIC
FSA(SVG)FSA(SVG)
CySecCySec
ASICASIC
Bonus
No Information
50% first time deposit bonus
Min. Spread
0
0.9
Max. Leverage
1:200
1:400
Currency Pairs
45
103
Trading Instruments
126
200+
Trading Platforms
MT4, mobile, WebTrader
MT4, mobile, WebTrader
Deposit Methods
Bank wire, Visa, Mastercard, Skrill, Neteller and others
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Type of Brokers
Market Maker
Market Maker
Customer Support
24/7
24/5
Language Support
4
8
Established
1990
2001
Used By
100,000 Traders
140,000+ 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*

*Based on Standard account type.

Non-Trading Fees

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

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

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

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

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.

Oanda vs easyMarkets
Oanda
90
Points
easyMarkets
93
Points
Overall
3 points
Oanda
Points
easyMarkets
96
Points
Commissions & Fees
96 points
Oanda
Points
easyMarkets
92
Points
Licensing & Safety
92 points
Oanda
Points
easyMarkets
88
Points
Trading Platforms & Tools
88 points
Oanda
Points
easyMarkets
90
Points
Payments
90 points
Oanda
Points
easyMarkets
82
Points
Customer Service
82 points
Oanda
Points
easyMarkets
89
Points
Educational
89 points
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