easyMarkets vs OANDA Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of easyMarkets and OANDA
| Broker | easyMarkets | OANDA |
|---|---|---|
| Rating | 4.5/5 | 4.3/5 |
| Foundation Year | 2001 | 2001 |
| Regulated in Countries | Seychelles, British Virgin Islands, Cyprus, Australia, South Africa | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
| Minimum Deposit |
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| Spread | from 0.7 points | from 0.5 points |
| Max Leverage | 1:2000 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | easyMarkets Review | OANDA Review |
easyMarkets is suitable for beginners thanks to simple conditions and a low minimum deposit, as well as for experienced traders who value MT4/MT5, TradingView, and VIP service.
Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.
easyMarkets Review
easyMarkets is a reliable international broker with nearly 25 years of experience, licenses from leading regulators (CySEC, ASIC, FSCA, etc.), and a focus on simplicity and trading safety. It suits beginner traders thanks to a low minimum deposit from 25 USD, fixed spreads, and a convenient proprietary platform with unique risk management tools. At the same time, the broker will also appeal to more experienced users thanks to the availability of MT4, MT5, TradingView, Islamic accounts, and VIP service. Despite a relatively average selection of CFD instruments and the absence of passive trading services, easyMarkets delivers a good combination of reliability, technology, and customer support.
Pros and Cons of easyMarkets
Pros
- Regulated in many jurisdictions.
- Unique risk management tools (dealCancellation, Freeze Rate).
- Access to various trading platforms.
- Minimum deposit from 25 USD, convenient for beginners.
- A wide range of deposit and withdrawal methods, including cryptocurrencies.
- Strong analytics (Daily Pitch, AI reviews, trading signals).
- Competent support with many contact channels.
Cons
- High swaps compared to competitors.
- No cent accounts or passive trading services (PAMM, copy trading).
- Average number of CFD instruments, behind market leaders.
easyMarkets is in the top 10 of the following ratings:
OANDA Review
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of OANDA
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
OANDA is in the top 10 of the following ratings:
Reliability
| Broker | easyMarkets | OANDA |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2001 | 2001 |
| Regulated in Countries | Seychelles, British Virgin Islands, Cyprus, Australia, South Africa | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
| Regulators | SFSA SFSA BVIFSC BVIFSC CySEC CySEC ASIC ASIC FSCA FSCA | NFA NFA CFTC CFTC ASIC ASIC CIRO CIRO FCA FCA JFSA JFSA BVIFSC BVIFSC MAS MAS KNF KNF |
easyMarkets
easyMarkets demonstrates a high level of reliability thanks to licenses from ASIC, CySEC, and FSCA, client protection, and extensive experience.
Pros
- Regulation by Tier-1/Tier-2 authorities
- Negative balance protection
- Long track record (since 2001)
OANDA
Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.
Account Opening
| Broker | easyMarkets | OANDA |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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easyMarkets
Opening an account with easyMarkets is simple and fast, with a minimum deposit from 25 USD. The process is convenient even for beginners.
Pros
- Fast online registration
- Minimum deposit 25 USD
- Support at every step
OANDA
Oanda offers a straightforward and structured registration process, ensuring convenience for clients.
Pros
- Clearly structured registration process.
- No minimum deposit, offering flexibility for traders.
Cons
- Additional documents may be required in some cases.
- Document verification can take from 1 to 2 working days.
Account Types
| Broker | easyMarkets | OANDA |
|---|---|---|
| Account Types | 4.5/5 | 3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.7 points | from 0.5 points |
| Max Leverage | 1:2000 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
easyMarkets
easyMarkets offers a wide range of accounts for different categories of traders, including Islamic and VIP, but lacks cent and PAMM accounts.
Pros
- Demo account available
- Islamic account available
- VIP service for large clients
Cons
- No cent accounts
- No PAMM or copy trading
OANDA
Oanda provides various trading accounts, but some specialized types are missing.
Pros
- Standard accounts are available.
- Demo accounts are offered.
- Swap Free accounts are available for traders following Islamic principles.
Cons
- Cent accounts are missing.
- No fixed spread accounts.
- No investment accounts are available.
Commissions
| Broker | easyMarkets | OANDA |
|---|---|---|
| Commissions | 3.5/5 | 3.5/5 |
| Spread | from 0.7 points | from 0.5 points |
| Average Spread (EURUSD) | 0.9 | 0.8 |
| Commission per Lot |
easyMarkets
easyMarkets offers low spreads and free deposits/withdrawals, but high swaps and the inactivity fee make the overall conditions average.
Pros
- Low spreads
- No deposit/withdrawal fees
- Transparent conditions
Cons
- High swaps
- $25 inactivity fee
OANDA
Oanda's fees are moderate, making this broker competitive.
Pros
- No fees for deposits and withdrawals.
- Low spreads on major currency pairs.
Cons
- Inactivity fee is charged.
- Swaps may be high for some currency pairs.
Deposit and Withdrawal
| Broker | easyMarkets | OANDA |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Account Funding Methods |
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easyMarkets
easyMarkets offers a wide range of deposit and withdrawal methods, including cryptocurrencies, with no broker-side fees.
Pros
- Instant deposits
- Cryptocurrency support
- No deposit/withdrawal fees
Cons
- Possible bank fees
OANDA
Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.
Pros
- The broker does not charge a fee for deposits and withdrawals.
- A wide selection of payment systems is available.
- No restrictions on the amounts of deposits and withdrawals.
Cons
- High commission fees for certain methods by payment systems.
- Withdrawal request processing time may be long.
- Cryptocurrencies are not available as a payment method.
Markets and Products
| Broker | easyMarkets | OANDA |
|---|---|---|
| Markets and Products | 4.5/5 | 4.4/5 |
| Forex | 62 | 48 |
| Precious Metals | 9 | 3 |
| Energy Carriers | 5 | 3 |
| Soft Commodities | 7 | 4 |
| Indices | 26 | 18 |
| Stocks | 63 | 1607 |
| Cryptocurrency | 19 | 18 |
easyMarkets
easyMarkets offers a wide range of markets, including Forex, stocks, commodities, and cryptocurrencies, but the overall number of CFD instruments remains average.
Pros
- Variety of asset classes
- Access to cryptocurrencies
- Ability to diversify
Cons
- An average number of CFDs compared to competitors
OANDA
Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.
Pros
- A wide range of currency pairs.
- A large selection of stocks and indices.
- Access to cryptocurrency trading.
Cons
- Maximum leverage is only up to 1:200.
Trading Platforms
| Broker | easyMarkets | OANDA |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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easyMarkets
easyMarkets offers a full suite of platforms—from its proprietary web platform to MT4, MT5, and TradingView. This is convenient for both beginners and experienced traders.
Pros
- Wide selection of platforms
- Unique dealCancellation and Freeze Rate features
- Mobile app support
OANDA
Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.
Pros
- Access to classic platforms MT4 and MT5.
- The fxTrade mobile app with integration with MT5.
- Integration with TradingView.
Cons
- No MetaTrader alternatives for desktop devices.
Analytics
| Broker | easyMarkets | OANDA |
|---|---|---|
| Rating | 5/5 | 5/5 |
easyMarkets
easyMarkets analytics is diverse and useful: from daily reviews and signals to AI tools and materials on trading psychology.
Pros
- Daily Pitch and trading signals
- Economic calendar
- AI reviews of stocks
OANDA
The Oanda broker's analytical section offers many tools that help traders make informed decisions.
Education
| Broker | easyMarkets | OANDA |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
easyMarkets
easyMarkets education is useful for beginners: there are courses, books, and a knowledge base, but it lacks interactive formats.
Pros
- Online courses and books
- Convenient knowledge base
- Glossary of terms
Cons
- No regular webinars
- No podcasts or live video lessons
OANDA
Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
Pros
- Comprehensive coverage of fundamental and technical analysis.
- Variety of resources including webinars, workshops, and live market analysis.
- Free access to premium content for live account holders.
Cons
- Some advanced topics may not be covered in depth.
Customer Support
| Broker | easyMarkets | OANDA |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Instagram
Facebook
Twitter
Weibo
LinkedIn
YouTubeeasyMarkets
easyMarkets technical support is fast and professional, available via chat, email, phone, and messengers.
Pros
- Many communication channels
- Fast responses
- Knowledgeable staff
Cons
- No local numbers in all countries
OANDA
Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.
