Oanda vs HF Markets Broker Comparison

Does Oanda or HF Markets 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 HF Markets are, we first considered the common fees on Standard Accounts. At Oanda the average spread for the EUR/USD currency pair is 0.9 pips, whilst at HF Markets the spread is 0.1.

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

When it comes to non-trading fees, Oanda charges for . HF Markets charges for inactivity. With this in mind, Oanda has lower non-trading fees.

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

*Based on Standard account type.

Which broker is safer, Oanda or HF Markets?

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 CySec, ASIC, FSA(SVG), NFA, IIROC, MAS and does not offer client protection. HF Markets is regulated by FCA, FSCA, FSA(SVG), DFSA and does not offer client protection.

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

How many trading instruments are available at Oanda and HF Markets?

Oanda provides traders with 126 instruments. This includes 40 currency pairs, cryptocurrencies, and stocks and shares. With Oanda, you cannot trade CFDs.

In comparison, HF Markets boasts 160 tradable instruments. HF Markets offers 50 currency pairs, 12 cryptocurrencies, and 944 stocks and shares. HF Markets 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.

Which broker offers the best trading platform, Oanda or HF Markets?

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 HF Markets has 3 trading platforms, too. Both brokers also offer research and trading tools, however HF Markets has more.

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

Which is better for beginners, Oanda or HF Markets?

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 HF Markets is the better broker for beginner traders as it offers a larger range of educational tools and materials. HF Markets also has a minimum deposit of $.

Which broker is better overall?

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