Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of CMC Markets' Germany entity and Oanda's Poland entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of CMC Markets' Germany entity and Oanda's Poland entity.
CMC Markets
78% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
76.6% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders CMC Markets and Oanda are best suited to, based on what each one actually offers in .CMC Markets is better than Oanda for day traders and high-volume traders, while Oanda is better for long-term investors, professional traders and futures traders. Scalpers, swing traders and news traders can choose either CMC Markets or Oanda.
| Overall score | CMC Markets 85 Best not offered | Oanda 82 -3 77 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise CMC Markets and the ones that supervise Oanda.CMC Markets and Oanda are both regulated by top-tier authorities, CMC Markets by BaFin, ASIC (Australia) and the FCA (United Kingdom) and Oanda by KNF, ASIC (Australia) and the CFTC (United States).
| Section score | CMC Markets 100 not offered | Oanda 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | BaFin (Germany) | KNF (Poland) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that CMC Markets and Oanda have in place to protect your money in .CMC Markets and Oanda both offer segregated client funds and an investor compensation scheme. CMC Markets also offers additional money insurance.
| Section score | CMC Markets 95 Best not offered | Oanda 79 -16 79 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1989 | 1996 |
| Parent company i | CMC Markets plc | OANDA Group |
| CEO i | Peter Cruddas | Gavin Bambury |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Barclays Bank Ireland, J.P. Morgan SE | mBank |
| Brand power | ||
| Number of customers worldwide i | 1,000,000 | |
| Annual revenue i | USD 324,700,000 | USD 16,900,000 |
| Monthly website search traffic i | 10.5M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with CMC Markets and with Oanda in , both on each trade and on holding the account.CMC Markets is better than Oanda for CFD/FX costs, given that CMC Markets has tighter EUR/USD standard spreads, at 0.7 pips (against Oanda's 1.07 pips), has tighter S&P 500 CFD spreads, at 0.5 points (against Oanda's 0.7 points), and has tighter gold CFD spreads, at 0.2 points (against Oanda's 0.56 points). Neither CMC Markets nor Oanda charges account maintenance fees or deposit fees.
Oanda and CMC Markets cannot be set side by side for real stock costs, as CMC Markets is a CFD broker and does not offer real stocks, unlike Oanda.
| Section score | CMC Markets 81 Best not offered | Oanda 72 -9 67 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 5 | FreeAbout this value. This is the forex commission per lot at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: Free (Canada, the UK, other accepted countries, Japan), USD 3 (Australia). |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 7 | USD 5.85 |
| S&P 500 fees (CFD) i | 0.5 points | 0.7 points |
| Gold fees (CFD) i | 0.2 points | 0.56 points |
| Bitcoin fees (CFD) i | USD 15 | USD 62.1 |
| US stocks fees (CFD) i | USD 0.02 | USD 0.06 |
| Fees on stocks | ||
| Stock fee type i | Percentage, Free | |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | USD 2 | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | Free | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with CMC Markets and with Oanda in , and of how many instruments each one gives access to.Oanda is better than CMC Markets for CFD/FX markets, because Oanda lets you own stocks and ETFs outright, which CMC Markets does not, and offers futures on crypto and forex, which CMC Markets does not. Both CMC Markets and Oanda offer CFDs on commodities, crypto, forex, indices and stocks.
There is no like-for-like comparison for real stock markets, as CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 75 -25 not offered | Oanda 100 Best 60 |
|---|---|---|
| Total tradable symbols i | 12,000 | 1,500 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that CMC Markets and Oanda make available to their clients in .CMC Markets is better than Oanda for platforms, given that CMC Markets offers social trading and copy trading, which Oanda does not. CMC Markets and Oanda both offer a proprietary platform and MetaTrader 5.
CMC Markets does not offer real stocks, being a CFD broker, so Oanda and CMC Markets cannot be compared for platforms.
| Section score | CMC Markets 97 Best not offered | Oanda 91 -6 91 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of CMC Markets and Oanda in , and of what each one lets you do from your phone.Oanda is better than CMC Markets for mobile trading, as Oanda offers mobile charting tools and mobile drawing tools, which CMC Markets does not. Both CMC Markets and Oanda offer a proprietary mobile app and the MetaTrader 5 app.
Oanda and CMC Markets cannot be compared for mobile trading, because Oanda is a broker offering both CFDs and stocks while CMC Markets is a CFD broker.
| Section score | CMC Markets 73 -13 not offered | Oanda 86 Best 86 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that CMC Markets and Oanda allow on their platforms in .Oanda is better than CMC Markets for CFD/FX trading features, given that Oanda offers tier-1 liquidity providers, VPS hosting and API access, which CMC Markets does not. Both CMC Markets and Oanda offer negative balance protection and trailing stops.
There is no like-for-like comparison for real stock trading features, as CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 69 -14 not offered | Oanda 83 Best 77 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 9 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0.08% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at CMC Markets Germany GmbH (BaFin). At CMC Markets' other companies: 30:1 (Australia, the UK), 50:1 (Canada). | 30:1About this value. This is the major fx pairs leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 50:1 (Canada), 30:1 (Australia, the UK), 888:1 (other accepted countries), 25:1 (Japan). |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at CMC Markets Germany GmbH (BaFin). At CMC Markets' other companies: 20:1 (Australia, the UK), 33:1 (Canada). | 20:1About this value. This is the minor/exotic fx pairs leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 33:1 (Canada), 20:1 (Australia, the UK), 888:1 (other accepted countries), 25:1 (Japan). |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at CMC Markets Germany GmbH (BaFin). At CMC Markets' other companies: 20:1 (Australia, the UK), 10:1 (Canada). | 20:1About this value. This is the major indices leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 10:1 (Canada, Japan), 20:1 (Australia, the UK), 888:1 (other accepted countries). |
| Minor indices leverage i | 10:1 | 10:1About this value. This is the minor indices leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 10:1 (Canada, Australia, the UK, Japan), 200:1 (other accepted countries). |
| Gold leverage i | 20:1 | 20:1About this value. This is the gold leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 5:1 (Canada), 20:1 (Australia, the UK, Japan), 888:1 (other accepted countries). |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at CMC Markets Germany GmbH (BaFin). At CMC Markets' other companies: 10:1 (Australia, the UK), 30:1 (Canada). | 10:1About this value. This is the commodities leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 17:1 (Canada), 10:1 (Australia, the UK), 100:1 (other accepted countries), 20:1 (Japan). |
| Equities leverage i | 5:1About this value. This is the equities leverage at CMC Markets Germany GmbH (BaFin). At CMC Markets' other companies: 5:1 (Australia, the UK), 3:1 (Canada). | 5:1About this value. This is the equities leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 5:1 (Australia, the UK), 20:1 (other accepted countries). |
| Cryptocurrency leverage i | 2:1 | 2:1About this value. This is the cryptocurrency leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 2:1 (Australia), 10:1 (other accepted countries). |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at CMC Markets and at Oanda in , and of who each one is meant for.Oanda is better than CMC Markets for CFD/FX account types, since Oanda offers a raw spread account, which CMC Markets does not. Both CMC Markets and Oanda offer a demo account and a professional traders account.
CMC Markets does not offer real stocks, being a CFD broker, so Oanda and CMC Markets cannot be compared for real stock account types.
| Section score | CMC Markets 48 -5 not offered | Oanda 53 Best 50 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with CMC Markets and with Oanda in .CMC Markets and Oanda are equally good for account opening, since CMC Markets offers 2 account base currencies (against Oanda's 1). On the other hand, Oanda offers local payment methods. Neither CMC Markets nor Oanda requires a minimum deposit.
CMC Markets does not offer real stocks, being a CFD broker, so Oanda and CMC Markets cannot be compared for account opening.
| Section score | CMC Markets 65 not offered | Oanda 65 65 |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | EUR, USDAbout this value. This is the account base currencies at CMC Markets Germany GmbH (BaFin). It is different at CMC Markets' companies in Australia. | USDAbout this value. This is the account base currencies at OANDA TMS Brokers S.A. (KNF). It is different at Oanda's companies in Australia. |
| Deposit waiting time i | up to 2 business days | up to 2 business days |
| Withdrawal waiting time i | up to 2 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of CMC Markets and Oanda in , in how it can be reached and how fast it answers.CMC Markets is better than Oanda for customer care, given that CMC Markets offers customer support in 9 languages (against Oanda's 5), has a website in 9 languages (against Oanda's 7), and offers a dedicated account manager, which Oanda does not. CMC Markets and Oanda both offer phone support and live chat.
There is no like-for-like comparison for customer care, as CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 73 Best not offered | Oanda 46 -27 46 |
|---|---|---|
| Number of languages supported i | 9 | 7 |
| Website languages i | German, English, French, Italian, Norwegian, Polish, Spanish, Swedish, Chinese | German, English, French, Italian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, French, Italian, Norwegian, Polish, Spanish, Swedish, Chinese | German, English, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that CMC Markets and Oanda provide to their clients in .CMC Markets is better than Oanda for learning, given that CMC Markets offers professional reports and daily market commentary, which Oanda does not. Both CMC Markets and Oanda offer education for advanced traders and webinars.
There is no like-for-like comparison for learning, as CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 100 Best not offered | Oanda 80 -20 80 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
CMC Markets vs Oanda: which one should you choose?
CMC Markets
CFD/FX Choose CMC Markets if you want a CFD and forex broker with a wide choice of markets and fast order execution.
Open Account 78% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
CFD/FX Choose Oanda if you want an online CFD broker with low trading costs and expert advisors.
Stocks Choose Oanda if you want a broker for securities investing with commission-free US stocks and retirement accounts.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include CMC Markets or Oanda, each scored with the same data and method as this page.
