Oanda vs FXTM Online Broker Comparison

Oanda vs FXTM Comparison Table

Online Broker	Minimum Deposit	Trading Platforms	Markets	About
FXTM	$10 Minimum Deposit	MT4, MT5 Trading Platforms	1000+ Markets To Trade	FXTM offers a Cent account with low minimum trade sizes and a low minimum deposit and provides copy trading About
Oanda	$0 Minimum Deposit	MT4, MT5, fxTrade Trading Platforms	800+ Markets To Trade	Oanda is a long established MT4 broker additionally offering MT5, with no minimum deposit About

Oanda vs FXTM Comparison

This is a comparison of Oanda Global Markets Ltd based and regulated in the British Virgin Islands vs FXTM. FXTM provides MT4 and MT5 and allows automated trading with Expert Advisors. FXTM additionally supports Stock CFD trading on MetaTrader and provides a Cent type account with low minimum trade sizes. Oanda has been in existence since 1996 and offers trading on MT4 and MT5 with a wide range of trading tools for different types of trading, including automated trading.

Quick comparison

Both brokers offer MT4 and MT5. FXTM offers a Cent type account (its Micro account).

Minimum deposit and account features

The minimum deposit for FXTM is $10 ($50 in the EEA). There is no minimum deposit requirement for Oanda.

FXTM offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $10 (MT4 only is offered on this account). The minimum deposit for the Advantage and Advantage Plus account is $500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 lots.

Oanda offers the following trading account types: Standard, Core, Swap-free, Premium and Premium Core. The Standard is described as suitable for all traders and has no minimum deposit requirement. The Core is described as suitable for EAs and scalpers. The Swap-free account is for traders who do not want to pay or receive interest on their account. All three of these accounts offer the Signal Center by Acuity. The Premium and Premium Core accounts are for high volume traders and require the trader to maintain a $20,000 minimum balance and trade more than $10 million notional or equivalent per month. These two accounts come with an Account Manager, Zero Deposit Fees (and reimburse bank fees), Free withdrawals, Priority support and a Free VPN.

The Standard account has spreads from 1.1, the Core account has spreads from 0.2 and the Swap-free account offers spreads from 1.6 pips. The Premium account has spreads from 0.8 and the Premium Core account has spreads from 0.2. The Core and Premium Core accounts charges commissions, the Standard, Premium and Swap-free accounts do not. At Oanda Global, verification documents are not needed for gross account deposits below $9000. Tools include MarketPulse, with a range of analysis and market news, technical analysis powered by AutoChartist, an Economic Calendar and MetaTrader plug-in tools. The minimum trade size is 0.01 lots.

Markets

FXTM offers Forex, Indices, Energy, Metals and Stocks, with 1000+ available.
Oanda offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and Cryptocurrencies, for a total of 800+.

Cryptocurrency CFDs

Oanda offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Binance Coin, Tezos, Uniswap, Cardano, Stellar, Chainlink, Polkadot, EOS CFDs.

Oanda vs FXTM Summary Table

Broker	Trading Platforms	Description
Oanda Global Broker	MT4, MT5, fxTrade Trading Platforms	Oanda provides MT4 and MT5 and is a long established broker Description

Oanda

FXTM

Broker

MT4, MT5

Trading Platforms

FXTM is a MetaTrader broker supporting automated trading and offering Stocks CFDs

Description

FXTM

Leverage

Maximum leverage for Oanda (FSC regulated) is 200:1. Maximum leverage for FXTM (FSC regulated) is 500:1. Maximum leverage for FXTM (CySEC regulated) .

Commissions

FXTM charges a commission from $0.40-$2 per lot per side, depending on the equity in the account and the volume traded. Commission is charged for the ECN account.
Oanda has a commission charge on its Core account of $4 per lot and $3.5 per lot on its Premium Core account.

Online trading platforms

Oanda offers MT4 and MT5. FXTM provides MT4 and MT5 (MT5 may not be available in some regions).

Payment methods

Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller.

Why Oanda or FXTM ?

Traders who want to trade on MetaTrader 4 (MT4) or MetaTrader 5 (MT5) can find these platforms at either broker. Traders who want to use EA robots may do so at either broker. Traders who want a Cent account (with very low trade sizes) can find this at FXTM (its Micro account), which has a $10 minimum deposit. Traders who want to copy trade may do so at FXTM on FXTM Invest.