Online brokers compared for fees, trading platforms, safety and more. See how CMC Markets stacks up against Oanda!
Last update of data—Dec 2022
CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA.
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Recommended for forex and CFD traders looking for an advanced trading platform with many research tools.
Recommended for forex traders who value a user-friendly platform and great research tools.
CMC Markets
CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA.
Recommended for forex and CFD traders looking for an advanced trading platform with many research tools.
Oanda
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Recommended for forex traders who value a user-friendly platform and great research tools.
CMC Markets's service is on par with Oanda's and a comparison of their fees shows that CMC Markets's fees are slightly higher than Oanda's.
Account opening takes about the same effort at CMC Markets compared to Oanda, deposit and withdrawal processes are somewhat easier at CMC Markets, while customer service quality is similar to Oanda's.
Our experts rated the trading platform of CMC Markets as being of the same quality as the platform of Oanda, found that clients have access to slightly more markets and products with CMC Markets, while Oanda provides somewhat lower-quality research and education.
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