Comparison of CMC Markets and OANDA
| Feature | CMC Markets | OANDA |
|---|---|---|
| Broker | ||
| Year Founded | 1989 | 2001 |
| Broker Type | MM | STP |
| Dealing | B-book | A-book |
| Execution | Market | Market |
| Regulation | FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF |
| Platforms | MetaTrader 4 (MT4), CMC Markets | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:30 | 1:200 |
| Minimum Deposit | $1 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD | USD, EUR, AUD, CHF, SGD, HKD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, PayPal | Bank Wire, Credit Card, Debit Card, Neteller, Skrill |
| Inactivity Fee | $15 per month after 12 months | $10 per month after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS) | UK Financial Services Compensation Scheme (FSCS) |
| Protection Size | £85 000 | £85 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✔ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | CMC Markets Review | OANDA Review |
About CMC Markets
CMC Markets is a well-established forex and CFD broker founded in 1989, renowned for its robust trading platforms, competitive spreads, and extensive range of tradable assets. With a global presence and regulation in top-tier jurisdictions, the broker caters to both beginners and experienced traders. CMC Markets offers access to forex, indices, commodities, cryptocurrencies, and shares, supported by advanced tools and educational resources to enhance trading experiences.
Pros
- Regulated by top-tier authorities, including the FCA and ASIC
- Comprehensive range of tradable instruments across multiple asset classes
- Intuitive and feature-rich proprietary trading platform, Next Generation
- Competitive pricing with tight spreads and no commission on most trades
- Exceptional educational resources and market research tools
Cons
- Does not offer services to U.S. clients due to regulatory restrictions
- Trading fees can be higher for less active traders
- Limited deposit and withdrawal methods compared to other brokers
About OANDA
OANDA is a globally recognized forex broker with a solid reputation for providing robust trading platforms and tools tailored to both beginner and professional traders. Established in 2001, OANDA has consistently positioned itself as a trusted broker, offering a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. The broker is known for its user-friendly interface, competitive spreads, and advanced analytical tools, making it a popular choice among traders seeking reliable market access. OANDA is regulated by top-tier authorities like the CFTC, FCA, and ASIC, ensuring a high level of trust and transparency in its operations.
Pros
- Regulated by top-tier authorities (CFTC, FCA, ASIC)
- Competitive spreads and reliable pricing
- Access to both MetaTrader 4 (MT4) and a proprietary platform
- User-friendly trading interface suitable for beginners
- Comprehensive educational resources and market analysis tools
- A wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies
- No minimum deposit requirement for most accounts
- Strong focus on transparency and customer support
Cons
- Limited account types compared to some competitors
- Some advanced tools may require additional subscriptions
CMC Markets & OANDA Regulation
| Feature | CMC Markets | OANDA |
|---|---|---|
Companies | CMC Markets UK plc, CMC Markets Germany GmbH, CMC Markets Canada Inc, CMC Markets Asia Pacific Pty Ltd, CMC Markets NZ Limited, CMC Markets Singapore Pte Ltd, CMC Markets Middle East Ltd | OANDA Corporation, OANDA Australia Pty Ltd, OANDA (Canada) Corporation ULC, OANDA Europe Limited, OANDA Japan Co., Ltd, OANDA Global Markets Ltd, OANDA Asia Pacific Pte Ltd, OANDA TMS Brokers S.A. |
Countries | United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
Regulators | FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF |
Investor Protection | UK Financial Services Compensation Scheme (FSCS) | UK Financial Services Compensation Scheme (FSCS) |
Investor Protection Size | £85 000 | £85 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
CMC Markets
CMC Markets UK plc, CMC Markets Germany GmbH, CMC Markets Canada Inc, CMC Markets Asia Pacific Pty Ltd, CMC Markets NZ Limited, CMC Markets Singapore Pte Ltd, CMC Markets Middle East Ltd
OANDA
OANDA Corporation, OANDA Australia Pty Ltd, OANDA (Canada) Corporation ULC, OANDA Europe Limited, OANDA Japan Co., Ltd, OANDA Global Markets Ltd, OANDA Asia Pacific Pte Ltd, OANDA TMS Brokers S.A.
Countries
CMC Markets
United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates
OANDA
United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Regulators
CMC Markets
FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA
OANDA
NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF
Investor Protection
CMC Markets
UK Financial Services Compensation Scheme (FSCS)
OANDA
UK Financial Services Compensation Scheme (FSCS)
Investor Protection Size
CMC Markets
£85 000
OANDA
£85 000
Publicly Traded
CMC Markets
OANDA
Segregated Accounts
CMC Markets
OANDA
Guaranteed Stop Loss
CMC Markets
OANDA
Negative Balance Protection
CMC Markets
OANDA
Account Types
| Account | CMC Markets | OANDA |
|---|---|---|
Market Maker Account | ||
| Account Name | CFD | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.7 | — |
| Fee | No | — |
| Max Leverage | 1:30 | — |
| Stop Out | 50% | — |
| Margin Call | 80% | — |
STP Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.5 |
| Fee | — | No |
| Max Leverage | — | 1:200 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
CMC Markets
CFD
OANDA
—
Min Deposit
CMC Markets
$1
OANDA
—
Lot Size
CMC Markets
0.01
OANDA
—
Spread Type
CMC Markets
Floating
OANDA
—
Execution
CMC Markets
Market
OANDA
—
Min Spread
CMC Markets
0.7
OANDA
—
Fee
CMC Markets
No
OANDA
—
Max Leverage
CMC Markets
1:30
OANDA
—
Stop Out
CMC Markets
50%
OANDA
—
Margin Call
CMC Markets
80%
OANDA
—
STP Account
Account Name
CMC Markets
—
OANDA
Standard
Min Deposit
CMC Markets
—
OANDA
$1
Lot Size
CMC Markets
—
OANDA
0.01
Spread Type
CMC Markets
—
OANDA
Floating
Execution
CMC Markets
—
OANDA
Market
Min Spread
CMC Markets
—
OANDA
0.5
Fee
CMC Markets
—
OANDA
No
Max Leverage
CMC Markets
—
OANDA
1:200
Stop Out
CMC Markets
—
OANDA
50%
Margin Call
CMC Markets
—
OANDA
100%
Additional Features
Demo Account
CMC Markets
OANDA
VIP Account
CMC Markets
OANDA
Swap-Free Account
CMC Markets
OANDA
Copy Trading
CMC Markets
OANDA
VPS
CMC Markets
OANDA
PAMM/MAM Accounts
CMC Markets
OANDA
Funding and Fees
| Feature | CMC Markets | OANDA |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD | USD, EUR, AUD, CHF, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, PayPal | Bank Wire, Credit Card, Debit Card, Neteller, Skrill |
Inactivity fee | $15 per month after 12 months | $10 per month after 12 months |
Interest on margin | ||
Withdrawal fee |
Base currencies
CMC Markets
USD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD
OANDA
USD, EUR, AUD, CHF, SGD, HKD
Deposit and withdrawal methods
CMC Markets
Bank Wire, Credit Card, Debit Card, PayPal
OANDA
Bank Wire, Credit Card, Debit Card, Neteller, Skrill
Inactivity fee
CMC Markets
$15 per month after 12 months
OANDA
$10 per month after 12 months
Interest on margin
CMC Markets
OANDA
Withdrawal fee
CMC Markets
OANDA
Trading Platforms and Conditions
| Feature | CMC Markets | OANDA |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), CMC Markets | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade |
Execution Speed | 0 ms | 12 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
CMC Markets
MetaTrader 4 (MT4), CMC Markets
OANDA
MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade
Execution Speed
CMC Markets
0 ms
OANDA
12 ms
Scalping
CMC Markets
OANDA
Expert Advisors (EAs)
CMC Markets
OANDA
Depth of Market (DOM)
CMC Markets
OANDA
Spread
CMC Markets
low
OANDA
low
Trading Assets
| Asset | CMC Markets | OANDA |
|---|---|---|
Currencies | 336 | 48 |
Indices | 99 | 18 |
Stocks | 10099 | 1607 |
Cryptocurrencies | 336 | 18 |
Bonds | 71 | 0 |
Metals | 19 | 3 |
Energies | 45 | 3 |
Soft Commodities | 58 | 4 |
ETFs | 1200 | 0 |
Currencies
CMC Markets
336
OANDA
48
Indices
CMC Markets
99
OANDA
18
Stocks
CMC Markets
10099
OANDA
1607
Cryptocurrencies
CMC Markets
336
OANDA
18
Bonds
CMC Markets
71
OANDA
0
Metals
CMC Markets
19
OANDA
3
Energies
CMC Markets
45
OANDA
3
Soft Commodities
CMC Markets
58
OANDA
4
ETFs
CMC Markets
1200
OANDA
0
Education and Analytics
| Feature | CMC Markets | OANDA |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
CMC Markets
OANDA
Indicators
CMC Markets
OANDA
Robots
CMC Markets
OANDA
Signals
CMC Markets
OANDA
Autochartist
CMC Markets
OANDA
Expert Analytics
CMC Markets
OANDA
News Feed
CMC Markets
OANDA
Education Articles
CMC Markets
OANDA
Webinars
CMC Markets
OANDA
Seminars
CMC Markets
OANDA
Customer Support
| Contact | CMC Markets | OANDA |
|---|---|---|
Email | clientmanagement@cmcmarkets.co.uk | frontdesk@oanda.com |
Phone | — | +442031512050 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter |
Email
CMC Markets
OANDA
Phone
CMC Markets
—
OANDA
Instagram
CMC Markets
—
OANDA
Which Broker is Better?
After comparing CMC Markets and OANDA, OANDA comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.