Compare CMC Markets vs Oanda


Online brokers compared for fees, trading platforms, safety and more. See how CMC Markets stacks up against Oanda!

CMC Markets vs Oanda
overall rating
4.6
4.4
overall pros
  • Low forex fees
  • Great web and mobile platforms
  • Advanced research and educational tools
  • Great trading platforms
  • Outstanding research tools
  • Fast and user-friendly account opening
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Complicated account verification
  • High forex fees
  • Only FX and CFD available
  • No stock exchange listing and banking background
fees
3.5
  • Low forex fees
  • No withdrawal fee
  • High stock CFD fees
2.9
  • First credit/debit card withdrawal per month is free
  • High forex fees
  • High financing rate
account opening
4.1
  • Fully digital
  • No minimum deposit
  • Complicated account verification
4.4
  • Fully digital
  • No minimum deposit
deposit and withdrawal
4.8
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • £15 fee for international bank transfers
4.2
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • High withdrawal fee for bank transfers and PayPal
web trading platform
4.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Modern design
  • No two-step (safer) login
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
4.4
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
4.5
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
markets and products
2.2
  • Forex
  • CFD
  • Crypto
1.6
  • Forex
  • CFD
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
5.0
  • Good interactive chart
  • Data on asset fundamentals
  • Quality news flow
  • Great API
  • No trading ideas
  • Research tools are poorly organized
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Does not hold a banking license
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex and CFD traders looking for an advanced trading platform with many research tools Forex traders who value a user-friendly platform and great research tools
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