Written by ForexBrokers.com
In this head to head comparison of OANDA vs easyMarkets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
OANDA and easyMarkets are two well-established online brokers, each with distinct characteristics regarding trust and regulation. Founded in 1996, OANDA has built a reputation supported by seven Tier-1 licenses, which are highly trusted by ForexBrokers.com, contributing to its high Trust Score of 93 out of 99. While not publicly traded and not a bank, OANDA's significant regulatory ratings reflect strong credibility. By contrast, easyMarkets, founded in 2001, is backed by two Tier-1 and one Tier-2 licenses, earning a Trust Score of 84. It shares similar business characteristics with OANDA by not being publicly traded or a banking institution.
| Feature |
OANDA
|
easyMarkets
|
|---|---|---|
| Year Founded | 1996 | 2001 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of OANDA and easyMarkets, it's clear that each broker has its unique advantages and challenges. OANDA is known for its high effective spreads, especially when compared to other top brokers in the market. While the average non-core spread on the EUR/USD is 1.61 pips, opting for OANDA's core pricing can bring this down significantly, albeit with a commission of $5 per $100,000 traded. Despite hefty trading costs, OANDA's automated execution and transparency, especially with their rebate program and micro-lot trading options, provide appealing features. OANDA earns a solid 4-star rating and ranks #34 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
easyMarkets, on the other hand, offers fixed spreads, with the most competitive pricing at 0.8 pips for EUR/USD when trading directly on its platform or through TradingView. However, those using MT4 face a higher spread of 1.7 pips for the Standard account, although the VIP account provides relief with a lower 0.7 pips spread. Additionally, MT5 users experience variable spreads starting from 0.7 pips. These varied pricing structures position easyMarkets as a flexible option for traders depending on the platform used. easyMarkets holds a 3.5-star rating and is ranked #52 out of 63 brokers in the same category by ForexBrokers.com.
In essence, your choice between OANDA and easyMarkets will largely depend on your trading volume and platform preference. OANDA may prove cost-effective for active traders willing to navigate its complex pricing structure, while easyMarkets stands as a straightforward option for those favoring fixed spreads with platform-specific benefits. Each broker presents unique opportunities and limitations, making it crucial to align their offerings with individual trading strategies and needs.
| Feature |
OANDA
|
easyMarkets
|
|---|---|---|
| Minimum Deposit | $0 | $25 |
| Average Spread EUR/USD - Standard | 1.61 | 0.8 |
| All-in Cost EUR/USD - Active | 1.61 | 0.8 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by OANDA and easyMarkets, both platforms provide access to forex trading through CFDs or spot contracts. OANDA excels by featuring a vast selection of 3,928 tradeable symbols, while easyMarkets offers 230. Although their provision of tradeable forex pairs is close, with OANDA offering 68 pairs and easyMarkets 63, OANDA's larger investment selection contributes to its higher rating of four stars for range of investments compared to easyMarkets' 3.5 stars.
Both OANDA and easyMarkets do not offer exchange-traded securities on either U.S. or international exchanges, nor do they provide the ability to purchase actual (delivered) cryptocurrency, with OANDA being the exception as it allows clients to buy actual cryptocurrencies. Furthermore, both brokers support copy trading and offer cryptocurrency derivatives. With these features, OANDA holds a more favorable position, ranked 27th out of 63 brokers by ForexBrokers.com for its range of investments, whereas easyMarkets is ranked 54th.
| Feature |
OANDA
|
easyMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 230 |
| Forex Pairs (Total) | 68 | 63 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing OANDA and easyMarkets in terms of trading platforms and tools, both brokers offer traders the flexibility and convenience of simulated trading through free virtual demo accounts. Each broker provides a proprietary platform and supports popular choices like MetaTrader 4 and MetaTrader 5. Traders can seamlessly transition between Windows-based desktop platforms and web-based platforms with either broker. Additionally, copy trading is available on both platforms, enhancing their appeal to a wide range of trading strategies. However, neither broker supports DupliTrade or ZuluTrade.
Looking at the charting tools and customization options, OANDA stands out by providing 431 drawing tools, a major leap compared to easyMarkets' 30. Both brokers allow trading directly from a stock chart, providing an efficient trading experience. For organizing watch lists, easyMarkets offers slightly more flexibility with eight columns available, compared to OANDA's six. With similar overall ratings of four stars for their trading platforms and tools, what distinguishes them is their ranking by ForexBrokers.com, where OANDA is positioned at #15 out of 63 brokers, while easyMarkets ranks at #35.
| Feature |
OANDA
|
easyMarkets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 15 |
| Charting - Drawing Tools (Total) | 431 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of OANDA and easyMarkets, both brokers offer apps for iPhone and Android devices. However, they differ significantly in features and user ratings. OANDA allows users to receive stock or forex price alerts, a feature missing from easyMarkets. Despite easyMarkets offering impressive charting capabilities with 81 technical studies compared to OANDA's 30, users might appreciate that OANDA allows auto-saving of chart annotations, something easyMarkets does not support. Additionally, with a 5-star rating, OANDA ranks 7th out of 63 brokers by ForexBrokers.com, while easyMarkets, with a 4-star rating, ranks 30th.
Both apps offer the ability to draw trendlines and view multiple time frames, appealing to traders who require versatile charting tools. OANDA and easyMarkets also support creating watchlists with real-time quotes. However, only easyMarkets offers watchlist symbol syncing, ensuring seamless tracking across platforms. These nuanced differences in features and performance ratings highlight OANDA as the more highly regarded choice for mobile trading.
| Feature |
OANDA
|
easyMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 81 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing OANDA and easyMarkets, both brokers deliver daily market commentary and provide forex news from esteemed sources such as Bloomberg and Reuters. They further supply traders with sentiment-based tools to track long and short positions. Both platforms also feature economic calendars to help traders stay informed of significant global news events. However, OANDA distinguishes itself by offering technical analysis tools from Autochartist, which are not available with easyMarkets. In contrast, easyMarkets provides tools from Trading Central, a feature not present with OANDA.
Review scores also reveal differences, with OANDA earning a strong research rating of 5 stars and ranking fifth among 63 brokers according to ForexBrokers.com. Conversely, easyMarkets holds a research rating of 3.5 stars, placing it at 43rd. Despite these distinctions, neither broker offers market research from TipRanks or tools from Acuity Trading, such as Signal Centre. Ultimately, OANDA's offerings may appeal to traders prioritizing a comprehensive suite of research tools, while easyMarkets could be suitable for those seeking specific features like Trading Central's analytics.
| Feature |
OANDA
|
easyMarkets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings of OANDA and easyMarkets, both platforms provide a solid range of resources aimed at teaching beginners the intricacies of forex and CFDs. Each broker ensures more than 10 educational assets are readily available, including comprehensive articles, insightful videos, and archived webinars. Additionally, both OANDA and easyMarkets host regular webinars, organizing at least one educational session online each month for their clients. The availability of archives extends the opportunity for users to revisit past webinars at their convenience, enhancing their learning experience.
For video content, both platforms go beyond the basics by offering at least 10 beginner-friendly videos, while also catering to more advanced traders with similar numbers of in-depth videos targeting experienced audiences. An investor dictionary featuring over 50 key investing terms is also a shared feature, aiding users in familiarizing themselves with essential trader jargon. In terms of user ratings for their educational content, OANDA receives an impressive 5-star rating, ranking #22 out of 63 on ForexBrokers.com. In contrast, easyMarkets has a slightly lower rating of 3.5 stars, placing them at #39, indicating a notable difference in perceived quality and comprehensiveness of educational materials between the two brokers.
| Feature |
OANDA
|
easyMarkets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than easyMarkets. OANDA finished with an overall rank of #12, while easyMarkets finished with an overall rank of #42.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
|
easyMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 84 |
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OANDA provides the option to purchase actual cryptocurrency and cryptocurrency derivatives, whereas easyMarkets only offers the ability to trade cryptocurrency derivatives without the option of buying actual cryptocurrency.
When comparing online brokers OANDA and easyMarkets, both platforms offer ACH, SEPA transfers, Skrill, Visa, Mastercard, and bank wires as options for depositing or withdrawing account funds, but OANDA stands out by also providing the option of PayPal, a feature not available with easyMarkets.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | OANDA | easyMarkets | |
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| Trust Score | 93 | 84 | |
| Winner | check_circle | ||
| Review | OANDA Review | easyMarkets Review |
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| Regulation | OANDA | easyMarkets | |
|---|---|---|---|
| Trust Score | 93 | 84 | |
| Year Founded | 1996 | 2001 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | easyMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | easyMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | easyMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 230 | |
| Forex Pairs (Total) | 68 | 63 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | OANDA | easyMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 0.8 | |
| All-in Cost EUR/USD - Active | 1.61 | 0.8 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | easyMarkets | |
|---|---|---|---|
| Minimum Deposit | $0 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | OANDA | easyMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | easyMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 8 | |
| Charting - Indicators / Studies (Total) | 81 | 15 | |
| Charting - Drawing Tools (Total) | 431 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | easyMarkets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 81 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | easyMarkets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | easyMarkets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | easyMarkets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | OANDA Review | easyMarkets Review |
| Overall | OANDA | easyMarkets | |
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| Trust Score | 93 | 84 | |
| Winner | check_circle | ||
| Review | OANDA Review | easyMarkets Review |
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