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.
| Methodology: This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive. |  |   |
| OPEN ACCOUNT | Review | Review |
| RATING | 90/100 | 95.5/100 |
| MIN. DEPOSIT | 0$ | 250$ |
| REGULATED BY |    |  |
| 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*
| TYPE OF FEE | OANDA | T1MARKETS |
|---|---|---|
| Minimum Spread EURUSD (pips) | 0 | 0.03 |
| Commission (%) | 0 | 0 |
| Commission on Islamic Accounts (%) | 0 | 0 |
*Based on Standard account type.
Non-Trading Fees
| TYPE OF FEE | OANDA | T1MARKETS |
|---|---|---|
| Account Fees | N | N |
| Inactivity Fees | N | Y |
| Deposit Fees | N | N |
| Withdrawal Fees | N | N |
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
| OANDA | T1MARKETS | |
|---|---|---|
| Minimum Deposit (USD $) | 0 | 250 |
| Licenses | FCA, ASIC, FSA(SVG), NFA, IIROC, MAS | CySec |
| Max. Leverage | 1:200 | 1:30 |
| Client Protection | N | Y |
| Broker Type | Market Maker | NDD |
| Number of Instruments | 126 | 350+ |
| Currency Pairs | 45 | 103 |
| Stocks | 108 | |
| Cryptocurrencies | 30+ | |
| CFDs | N | Y |
| Proprietary Trading Platform | N | N |
| MT 4 | Y | Y |
| MT 5 | N | N |
| Mobile Compatible | Y | Y |
| Research Tools | N | Y |
| Educational Materials | Y | Y |
| Payment Methods | Bank wire, Visa, Mastercard, Skrill, Neteller and others | Bank transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
| 24/5 Customer Support | Y | Y |
| Live Chat | Y | Y |
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
| INSTRUMENT | OANDA | T1MARKETS |
|---|---|---|
| Currency Pairs | 45 | 45 |
| Commodities | 90+ | 17 |
| Precious Metals | 0 | 4 |
| Indices | 20 | |
| Stocks and Shares | 108 | |
| Cryptocurrencies | 30+ | |
| Options | 0 | |
| ETFs | 0 | 1 |
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
| TOOL | OANDA | T1MARKETS |
|---|---|---|
| News (from top-tier sources) | Y | Y |
| Trading Signals and Indicators | N | Y |
| Trade Ideas | N | N |
| Expert Analysis | N | N |
| Autochartist Tools | N | N |
| Sentiment Charts | N | N |
| Economic Calendar | N | Y |
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
| FEATURE | OANDA | T1MARKETS |
|---|---|---|
| Demo Account | N | Y |
| Platform Tutorial Videos | N | Y |
| Educational PDFs | N | Y |
| Live Webinars | N | Y |
| YouTube Videos | N | N |
| Trading Academy | N | Y |
| Trading Glossary | N | Y |
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.
