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 it comes to commissions and fees, OANDA and easyMarkets offer distinct options for traders. OANDA, rated 4 stars in this category, stands out for its automated execution but faces criticism for relatively high trading costs compared to top brokers. Its spreads are similar to FOREX.com and FxPro, with a minimum spread that might be slightly higher due to a lack of sub-pip offerings. OANDA's core pricing includes a $5 commission per $100,000 currency exchange, making its all-in costs slightly better for traders willing to meet the $10,000 minimum deposit requirement. OANDA is ranked #34 out of 62 brokers in the Commissions and Fees category.
OANDA also offers unique options such as micro lot trading, which reduces the minimum trade size to a single unit, and an Elite Trader program that provides rebates and subscription reimbursements for active traders. While it publishes a trailing average of its spread for transparency, the lack of a fixed-period average figure makes precise cost comparisons challenging.
In contrast, easyMarkets, with a 3.5-star rating, provides fixed spreads of 0.8 pips for EUR/USD on its platform and TradingView, while using MT4 results in a higher spread of 1.7 pips for standard accounts and 0.7 pips for VIP accounts. The MT5 platform offers variable spreads starting from 0.7 pips. Despite lower advertised spreads, easyMarkets ranks lower at #51 in this category, suggesting that traders may need to weigh the benefits of fixed versus variable spreads and platform costs.
| 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 available at OANDA and easyMarkets, both platforms cater to forex traders by offering forex trading as both a CFD and a spot contract. OANDA stands out with an extensive range of tradeable symbols, offering a total of 3928, including 68 forex pairs. In comparison, easyMarkets provides 230 tradeable symbols, with 63 forex pairs available. While neither broker provides access to exchange-traded securities on U.S. or international exchanges, such as shares of Apple or Vodafone, OANDA edges out with its offering of actual delivered cryptocurrencies, alongside cryptocurrency derivatives. easyMarkets, meanwhile, focuses primarily on providing cryptocurrency derivatives only.
Both OANDA and easyMarkets support copy trading, allowing clients to mimic the trades of successful investors for potential gains. In terms of rankings, OANDA receives a rating of 4 stars for its range of investments, placing it at #27 out of 62 brokers according to ForexBrokers.com. easyMarkets garners a slightly lower rating of 3.5 stars and is ranked #54, highlighting a narrower scope of investment opportunities. This comparison reflects OANDA's broader appeal with its larger selection of tradeable instruments and unique cryptocurrency options, while easyMarkets presents a more streamlined yet slightly limited set of trading possibilities.
| 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 their trading platforms and tools, both brokers offer a suite of features that cater to traders of all experience levels. Each provides a proprietary platform developed in-house, alongside Windows-based desktop downloads, web-based platforms, and support for popular MetaTrader 4 and 5 software. For those interested in testing strategies risk-free, both brokers also offer simulated trading with free virtual demo accounts. Additionally, copy trading is available with both OANDA and easyMarkets, although neither supports services like DupliTrade or ZuluTrade.
OANDA and easyMarkets both allow trading directly from stock charts, though OANDA offers a significant advantage in terms of chart drawing tools with 431 available options compared to easyMarkets' 30. When it comes to watch lists, easyMarkets offers a bit more personalization with eight columns, whereas OANDA offers six. Both are well-rated with four stars for their trading platforms and tools, though OANDA slightly edges out easyMarkets in industry rankings, placing 15th out of 62 brokers compared to easyMarkets' 35th position according to ForexBrokers.com. This suggests that while both are solid choices, OANDA might offer a slight advantage for traders seeking a more versatile charting experience.
| 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 offer apps for iPhone and Android users, providing flexibility for traders on the go. OANDA stands out with the capability to send stock or forex price alerts to keep traders updated with market movements, a feature that easyMarkets lacks. In terms of charting, OANDA provides 30 technical studies for traders, while easyMarkets offers a more extensive selection with 81 technical studies. Both platforms allow for trendline drawing and viewing different time frames on charts. However, only OANDA auto-saves these drawings, which can be a convenient feature for traders who frequently analyze charts. Additionally, both apps support the creation of watchlists with real-time quotes, ensuring that traders can monitor important assets closely.
Despite some of easyMarkets' features like syncing watchlist symbols between mobile and online accounts, OANDA receives a higher mobile trading app rating of 5 stars, compared to easyMarkets' 4 stars. Ranked at #7 out of 62 brokers by ForexBrokers.com, OANDA's mobile app is recognized for its excellent performance, while easyMarkets comes in at #30. The blend of price alerts, auto-saving chart drawings, and high user ratings makes OANDA a strong contender for traders seeking a comprehensive mobile trading experience.
| 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 for market research capabilities, both brokers offer daily market commentary and provide forex news from reputable sources such as Bloomberg and Reuters. However, OANDA stands out with its incorporation of Autochartist, a well-regarded tool for technical analysis and fundamental research, while easyMarkets offers tools from Trading Central instead. Both brokers provide sentiment-based trading tools and maintain economic calendars to alert traders to global news events, enhancing traders' strategic planning capabilities.
OANDA's strong emphasis on advanced research tools is reflected in its higher rating and ranking for research prowess, earning 5 out of 5 stars and securing the 5th position among 62 brokers, according to ForexBrokers.com. In contrast, easyMarkets, rated 3.5 stars and ranked 43rd, demonstrates a more modest offering in the research category, lacking partnerships with notable firms like Autochartist. As a result, traders prioritizing comprehensive research support might find OANDA's offerings more appealing.
| 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 resources offered by OANDA and easyMarkets, both brokers provide a comprehensive suite of materials tailored for forex and CFD traders. Each platform boasts a minimum of ten educational pieces, which include insightful articles, videos, and archived webinars. OANDA and easyMarkets both conduct monthly online webinars and provide a searchable archive of these sessions, enhancing the learning experience for their users. Newcomers to trading will find over ten beginner-focused videos on both platforms, ensuring a solid foundation is built from the start. Furthermore, traders looking to deepen their understanding will also have access to more than ten advanced videos on each broker's platform.
Beyond video content, OANDA and easyMarkets ensure traders are well informed by maintaining an investor dictionary with definitions for over 50 investing terms. However, there is a notable difference in their educational ratings, with OANDA receiving five stars compared to easyMarkets' 3.5 stars. In terms of ranking among 62 brokers in the education category, OANDA is placed at #22, while easyMarkets is ranked #39 according to ForexBrokers.com. This demonstrates OANDA's slightly more favorable position in offering educational content tailored to traders at all levels.
| 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 62 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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