Oanda vs T1Markets Broker Comparison

Are you trying to figure out which is a better broker, Oanda or T1Markets? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that T1Markets is the better of the two. T1Markets offers 350+ instruments, licenses from CySec, and fair trading fees.

In the tables below, you can compare the features of Oanda and T1Markets 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 T1Markets higher than Oanda.

Rating
90/100
95.5/100
Min. Deposit
0$
250$
Regulated By
FCAFCA
ASICASIC
FSA(SVG)FSA(SVG)
CySecCySec
Bonus
No Information
No Information
Min. Spread
0
0.03
Max. Leverage
1:200
1:30
Currency Pairs
45
45
Trading Instruments
126
350+
Trading Platforms
MT4, mobile, WebTrader
MT4, mobile
Deposit Methods
Bank wire, Visa, Mastercard, Skrill, Neteller and others
Bank transfer, Visa, Mastercard, Maestro, Neteller, Skrill
Type of Brokers
Market Maker
NDD
Customer Support
24/7
24/5
Language Support
4
1
Established
1990
2019
Used By
100,000 Traders
100,000+ Traders

Does Oanda or T1Markets 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 T1Markets 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 T1Markets the spread is 0.03.

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

When it comes to non-trading fees, Oanda charges for . T1Markets 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 T1Markets is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Oanda or T1Markets?

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. T1Markets is regulated by CySec and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that T1Markets is the safer broker.

Broker summary

How many trading instruments are available at Oanda and T1Markets?

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

In comparison, T1Markets boasts 350+ tradable instruments. T1Markets offers 45 currency pairs, 30+ cryptocurrencies, and 108 stocks and shares. T1Markets 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 T1Markets?

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 T1Markets has 2 trading platforms. Both brokers also offer research and trading tools, however T1Markets has more.

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

Research Tools

Which is better for beginners, Oanda or T1Markets?

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 T1Markets is the better broker for beginner traders as it offers a larger range of educational tools and materials. T1Markets also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that T1Markets is the better broker in a range of key areas. You can learn more by reading our Oanda and T1Markets reviews.

Oanda vs T1Markets
Oanda
90
Points
T1Markets
95.5
Points
Overall
5 points
Oanda
Points
T1Markets
94
Points
Commissions & Fees
94 points
Oanda
Points
T1Markets
98
Points
Licensing & Safety
98 points
Oanda
Points
T1Markets
96
Points
Trading Platforms & Tools
96 points
Oanda
Points
T1Markets
97
Points
Payments
97 points
Oanda
Points
T1Markets
93
Points
Customer Service
93 points
Oanda
Points
T1Markets
95
Points
Educational
95 points
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