| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| easyMarkets | $25 Minimum Deposit | MT4, MT5, easyMarkets Platform, TradingView Trading Platforms | 275+ Markets To Trade | easyMarkets provides fixed spreads trading on MT4, MT5, the easyMarkets Platform and TradingView and has variable spreads from 0.5 on MT5, offering a range of tools including dealCancellation About |
| Oanda | $0 Minimum Deposit | MT4, MT5, fxTrade Trading Platforms | 800+ Markets To Trade | Oanda provides MT4 and MT5 (and the fxTrade app) and offers a wide range of trading tools About |
Oanda vs easyMarkets Comparison
This is a comparison of Oanda Global Markets Ltd based and regulated in the British Virgin Islands vs easyMarkets. easyMarkets was founded in 2001 and offers MT4 and MT5, a user friendly platform and TradingView and innovative features, including a micro Bitcoin trading account, for trading its full range of CFDs. easyMarkets is known for offering fixed spreads (however it also has variable spreads on MT5). Oanda is an even longer established, offering MT4 and MT5 and going to considerable lengths to support all the kinds of trading enabled by this platform, including scalping and automated trading. Oanda is well known as a Forex broker, but it also has a range of other CFD markets to trade on MT4 and MT5.
Quick comparison
Both brokers offer MT4 and MT5. easyMarkets additionally provides a user friendly platform, TradingView and fixed spreads.
Minimum deposit and account features
The minimum deposit for easyMarkets is $25. There is no minimum deposit requirement for Oanda.
- easyMarkets offers Standard, Premium and VIP accounts (in the EEA, Standard and VIP are available). The minimum deposit for the Standard account is $25, for the Premium account is $2000 and for the VIP account is $10,000. Each ascending account type types offers lower minimum spreads. All account types provide a Personal Account Manager, 24/5 Phone and Live Chat and Trading Insights. The easyMarkets Platform offers dealCancellation, InsideViewer and Freeze Rate. The minimum trade size is 0.01 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
- easyMarkets offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks and Options, with 275+ available.
- Oanda offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 800+ available.
Cryptocurrency CFDs
- easyMarkets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Binance Coin, Uniswap, Cardano, Stellar, Chainlink, Polkadot, Ripple, Algorand, Solana, Zcash, OmiseGO, Polygon, Dash, Monero, Chiliz and Avalanche CFDs.
- Oanda offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Binance Coin, Uniswap, Cardano, Stellar, Chainlink, Polkadot, Tezos and EOS CFDs.
| Broker | Trading Platforms | Description |
|---|---|---|
| Oanda Global Broker | MT4, MT5, fxTrade Trading Platforms | Oanda is an MT4 and MT5 broker with a wide range of tools supporting different types of trading Description |
| easyMarkets Broker | MT4, MT5, easyMarkets Platform, TradingView Trading Platforms | easyMarkets offers trading on MT4, MT5, the easyMarkets Platform and TradingView (with fixed spreads on all except MT5, which has variable spreads) and provides tools such as dealCancellation and Freee Rate Description |
Leverage
Maximum leverage for Oanda (FSC regulated) is 200:1. Maximum leverage for easyMarkets (FSAS regulated) is 500:1.
Commissions
- easyMarkets does not charge commissions.
- 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 provides MT4 and MT5. easyMarkets offers MT4, MT5, the easyMarkets Platform and TradingView.
Foundation
Oanda was founded in 1996, while easyMarkets was founded in 2001.
Payment methods
Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller. easyMarkets additionally supports Bitcoin funding (and withdrawal).
Why Oanda or easyMarkets ?
Traders who want to trade on MT4 or MT5 may do so at either. Traders who want to trade on a user friendly platform and TradingView, can do this at easyMarkets. Those who want to trade with fixed spreads, may do so at easyMarkets. Traders who want to trade with a Bitcoin denominated account, may do this at easyMarkets. Traders who want to trade without verification up to gross deposit of $9,000, can do this at Oanda.
Comparison summary
- Both offer CFD trading
- Each provides MT4 and MT5
- easyMarkets additionally offers a user friendly platform and TradingView
- easyMarkets provides a wider range of markets
- easyMarkets offers fixed spreads
- Oanda has no minimum deposit
- easyMarkets offers a micro Bitcoin trading account for its CFDs
- Oanda does not require verification documents up to $9,000 gross deposits
