OANDA
CMC Markets
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Compare
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and CMC Markets depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while CMC Markets operates from London, UK. CMC Markets has the longer track record, established in 1989, compared to OANDA which was founded in 1996. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
OANDA
CMC Markets
| OANDA | CMC Markets | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 4.0/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips ✓ | 0.7 pips |
| Max Leverage | 1:50 | 1:500 ✓ |
| Regulation | FCA, CFTC, ASIC ✓ | FCA, ASIC, MAS |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MT4 |
OANDA (4.1/5) and CMC Markets (4.0/5) are closely matched. OANDA has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowOANDA
WinnerCMC Markets
OANDA
Lower feesCMC Markets
OANDA holds licences from FCA, CFTC, ASIC. CMC Markets is regulated by FCA, ASIC, MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. CMC Markets adds Stocks.
On spreads, OANDA is more competitive with EUR/USD spreads from 0.6 pips, compared to 0.7 pips at CMC Markets.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. CMC Markets offers Proprietary Web, Proprietary Mobile, MT4. Both brokers are available on MT4, Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while CMC Markets sets no minimum deposit. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and CMC Markets at 4.04/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a marginal advantage.
OANDA
4.1/5
Choose OANDA if you want…
CMC Markets
4.0/5
Choose CMC Markets if you want…
OANDA (4.1/5) and CMC Markets (4.0/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
OANDA offers spreads from 0.6 pips, while CMC Markets starts at 0.7 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. CMC Markets requires $0.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while CMC Markets holds licences from FCA, ASIC, MAS.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. CMC Markets supports Proprietary Web, Proprietary Mobile, MT4.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.