Oanda vs CMC Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Oanda currently holds a stronger overall rating (3.8) than CMC Markets (3.6).
Both brokers have the same minimum deposit of 0.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
Oanda offers a minimum lot size of 0.1 and a maximum lot size of 600.0, while CMC Markets offers 0.01 and 300.0.
Oanda offers a lower maximum leverage of 1:50, whereas CMC Markets allows trading with up to 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 0.0 | 0.0 |
| Commission | 50.0 | 0.0025 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.1 | 0.01 |
| Maximum lot size | 600.0 | 300.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker | Dealing Desk, Market Maker |
| Maximal leverage (1:?) | 50 | 500 |
| Availability | Market Maker | Dealing Desk, Market Maker |
| Regulation | NFA (US) | FCA (UK), ASIC (Australia), BaFIN (Germany), FMA (NZ), MAS (Singapore), IIROC |
| Trading Platforms | MetaTrader 4 (MT4), Web Platform, Mobile Platform | Web Platform, MT4 (via bridge) |
| Funding/Withdrawal methods | Wire Transfer, ACH deposit | Wire Transfer, Credit Card, Debit Card, Paypal, POLi |
| Account Currency | USD, GBP, EUR, CHF, JPY, CAD, SGD, HKD, AUD | USD, GBP, EUR, CHF, NZD, CAD, SEK, PLN, SGD, HKD, AUD, NOK |
| Languages | English, Spanish, Chinese | English, Spanish, French, German, Italian, Chinese, Polish, Swedish, Norwegian |
| Country | United States | Australia |
| Trading platform(s) timezone | Canada, Japan, Singapore, United Kingdom | Australia, Austria, Canada, Ireland, France, Germany, Italy, Norway, New Zealand, Poland, Singapore, Spain, Sweden, United Kingdom |
| Other trading instruments | Cryptocurrency, Forex | Stocks, Indices, Commodities, Shares, Spread Betting, CFDs, Cryptocurrency, Bonds, Exchange ETFs, ETFs, Other, Forex, Treasuries |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
