Updated May 16 2022
Overview | |
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Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms. |
Markets.com is an international broker that offers share dealing and CFD trading accounts through their own proprietary platform or MT4 and MT5. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 day minimum (may take longer) | 1 day |
📋 Documents Required | |
All documents must be under the account holder's name. *There is no document verification needed for gross account deposits below US$9,000. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1996 | 2008 |
💳 Minimum Deposit | |
$, €, £, - 0. | $, €, £ - 100 |
💰 Payment Methods | |
💵 Account Base Currencies | |
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. | 11 - USD, EUR, GBP, PLN, SEK, DKK, NOK, ZAR, CZK, CHF, AUD. |
🗽 Available to U.S Citizens | |
Yes | No |
❌ Restricted Countries | |
AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW. | US, JP, CA, BE. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | No |
📊 ECN Account | |
Yes | No | Assets |
📚 Available Assets | |
📙 Stocks | |
N/A | 2,008 CFDs / 7,008 Real Stocks |
📘 Currency Pairs | |
68 | 67 |
📗 Commodities | |
13 | 28 |
📕 Indices | |
16 | 40 |
📔 ETFs | |
N/A | 66 |
💸 Cryptocurrencies | |
4 | 25 |
📒 Bonds | |
6 | 4 |
📓 Options | |
N/A | NA |
📗 Futures | |
N/A | NA |
📝 Notes: | |
All Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc. |
Markets.com also offers share dealing account with real stocks from 16 exchanges worldwide. |
Trading Experience |
📈 Minimum Stock Trade Size | |
N/A | 1 Stock |
📉 Minimum ETFs Trade Size | |
N/A | 1 ETF |
📈 Minimum Crypto Trade Size | |
Varies by crypto (Eg: 0.01 BTC) | Varies by Crypto (Eg: 0.01 BTC) |
📉 Minimum FX Trade Size | |
1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc) | $1,000 |
📈 Minimum Commodities Trade Size | |
Varies by Commodity (Eg: 1 Troy ounce of Gold) | Varies by Commoditty (Eg: 1 Gold Contract) |
📉 Minimum Bonds Trade Size | |
1 unit of any Bond contract | Varies by Bond (Eg: 10 GER10Y Bond contracts) |
📈 Minimum Futures Trade Size | |
N/A | N/A |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:100 | Up to 1:300 |
✍ Customisable Leverage | |
Yes | No |
🎲 Deleveraged Trading | |
No | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
Yes | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | Yes |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
Yes | No |
🔨 Trailing Stop-loss | |
Yes | No | Fees |
💰 Inactivity Fee | |
Yes, $10 after 1 year of inactivity | Yes, $10 each month after 3 months of inactivity |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees. |
No |
💰 Commissions | |
No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee. |
No comissions on CFDs. For share dealing, the first 3 months are commission free, then the structure is:
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Spreads |
📈 EUR/USD | |
Dynamic - From 0.8 Pips | Dynamic - From 0.7 Pips |
📉 SP500 | |
Dynamic - From 30 Pips | Dynamic - From 100 Pips |
📈 GOLD | |
Dynamic - From 26 Pips | Dynamic - From 50 Pips |
📉 TSLA (Stock CFD) | |
N/A | Dynamic - From $1.81 |
📈 XLK (ETF - CFD) | |
N/A | Dynamic - From $0.31 |
📉 BTC | |
Dynamic - From $100 | Dynamic - From $104.10 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No, but Investment Strategy Builder is offered |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | No |
📡 Reuters Feed | |
No | No |