Your capital is at risk. Trade only with funds you can afford to lose.
OANDA
#66 in our CFD broker rankings
Accepts traders from SL
Rating breakdown
- Regulation & trust4.40.4 lower than CMC Markets (4.8)
- Assets & markets3.41.3 lower than CMC Markets (4.7)
- Fees & costs3.50.8 lower than CMC Markets (4.3)
- Platforms & tools3.31.0 lower than CMC Markets (4.3)
- Accounts & banking3.51.0 lower than CMC Markets (4.5)
- Education4.3same as CMC Markets (4.3)
- Research3.80.7 lower than CMC Markets (4.5)
- Customer support4.5same as CMC Markets (4.5)
CMC Markets’s score. Numbers show the difference.
CMC Markets
Doesn't accept traders from SL. See available CFD brokers
Not available in your countryRead CMC Markets review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Rating breakdown
- Regulation & trust4.80.4 higher than OANDA (4.4)
- Assets & markets4.71.3 higher than OANDA (3.4)
- Fees & costs4.30.8 higher than OANDA (3.5)
- Platforms & tools4.31.0 higher than OANDA (3.3)
- Accounts & banking4.51.0 higher than OANDA (3.5)
- Education4.3same as OANDA (4.3)
- Research4.50.7 higher than OANDA (3.8)
- Customer support4.5same as OANDA (4.5)
OANDA’s score. Numbers show the difference.
| OANDA | CMC Markets | |
|---|---|---|
| Overview | OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. | Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage. |
| Customer Reviews | Based on 3 customer reviews | Based on 4 customer reviews |
| Trustpilot Score | – | |
| Comment by Reviewer | “OANDA will serve day traders looking for a trustworthy broker with a beginner-friendly platform, superb research and straightforward account opening. The $0 minimum deposit and excellent customer support makes it especially attractive to newer traders.” | “With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels. ” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting, Certificates and Warrants (Germany and Austria) |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $0 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FCA, CIRO, ASIC, MAS, JFSA, KNF, BVI FSC | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
| Margin Trading | Yes | Yes |
| Margin Rate | 2% | 3.0% |
| STP Account | No | No |
| ECN Account | No | No |
| DMA Account | No | No |
| MAM Account | No | No |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | OANDA Trade, MT4 | iOS & Android |
| App Review | – | The award-winning app from CMC Markets has transformed mobile trading. The app's modern and customizable interface offers a unique user experience, distinct from competitors. Moreover, with its comprehensive charting capabilities featuring 25 technical indicators and 15 drawing tools, as well as its fast and stable trading environment, it's an exceptional choice for day traders. |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader and OANDA API | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | No | No |
| Social Trading | No | Yes |
| Trade Signals | – | Yes |
| VPS Hosting | No | Yes |
| Tournaments | No | No |
| Demo Competitions | No | Yes |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | Yes | Yes |
| Inactivity Fee | $10 | $15 |
| Islamic Account | No | Yes |
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| CFD Trading | ||
| Overview | You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms. | CMC lets you trade CFDs on 12,000+ assets across currencies, indices, commodities, shares, ETFs and treasuries with new equities spanning quantum computing, AI learning, and digital car sales in 2025. Spreads are tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market. |
| Leverage | 1:200 | 1:30 (Retail), 1:500 (Pro) |
| FTSE Spread | 1.0 | 1 pt |
| GBPUSD Spread | 1.4 | 0.9 |
| Oil Spread | 3.0 | 3.5 |
| Stocks Spread | 12 (Apple Inc) | 0.02 |
| Forex Trading | ||
| Overview | OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds. | CMC presents an extensive array of 300+ forex pairs characterized by tight spreads and rapid executions, surpassing the offerings of many competitors in terms of currency diversity. Forex indices also present a fairly unique and holistic way to speculate on the value of key currencies like the USD, EUR and GBP. |
| GBPUSD Spread | 1.4 | 0.9 |
| EURUSD Spread | 0.8 | 0.7 |
| EURGBP Spread | 0.9 | 1.1 |
| Assets | 68 | 300+ |
| Currency Indices | – |
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| Cryptocurrency | ||
| Overview | OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility. | CMC Markets offers trading on popular digital tokens like Bitcoin but really stands out for its crypto indices that provide broader exposure to the cryptocurrency market. There is also minimal slippage and an excellent 99.9% fill rate, making CMC a great option for active crypto day traders. |
| Spread | $100 | From 1.3 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Not available in your countryRead CMC Markets review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.