OANDA vs M1 Finance 2026: Which Broker is Better?
Choosing between OANDA and M1 Finance depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while M1 Finance operates from Chicago, USA. OANDA has the longer track record, established in 1996, compared to M1 Finance which was founded in 2015. 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
M1 Finance
| OANDA | M1 Finance | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.2/5 |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:50 ✓ | 1:2 |
| Regulation | CFTC, FCA, ASIC ✓ | SEC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.3/5 vs 3.2/5 on BrokerRank's independent rating. On fees, M1 Finance offers lower spreads (0 pips).
See full side-by-side comparison belowOANDA vs M1 Finance: Key Differences
OANDA
WinnerM1 Finance
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Fees Comparison
OANDA
M1 Finance
Lower feesRegulation & Trust
OANDA holds licences from FCA, CFTC, ASIC. M1 Finance is regulated by SEC.
Markets & Assets
Both brokers offer access to Indices markets. OANDA additionally covers Forex, Cfd, Commodities. M1 Finance adds Stocks.
Fees & Spreads
On spreads, M1 Finance is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
Trading Platforms
OANDA supports MT4, Proprietary Web, Proprietary Mobile. M1 Finance offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
OANDA requires no minimum deposit, while M1 Finance sets a minimum deposit of $100. This makes OANDA accessible to traders with any budget.
Overall Ratings
BrokerRank scores OANDA at 4.09/5 and M1 Finance at 3.20/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
OANDA
4.3/5
Choose OANDA if you want…
- Higher overall rating (4.3/5)
- No minimum deposit
- Higher leverage (up to 1:50)
- More regulatory licences (7)
M1 Finance
3.2/5
Choose M1 Finance if you want…
- Tighter spreads (from 0 pips)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both OANDA & M1 Finance are available in
Frequently Asked Questions
1Is OANDA better than M1 Finance?
OANDA scores higher overall on our independent rating system. OANDA holds a 4.3/5 rating vs M1 Finance's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, OANDA or M1 Finance?
OANDA offers spreads from 0.6 pips, while M1 Finance starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for OANDA vs M1 Finance?
OANDA requires a minimum deposit of $0. M1 Finance requires $100.
4Which broker is safer, OANDA or M1 Finance?
OANDA is regulated by CFTC, FCA, ASIC, MAS, CIRO, BVI FSC, KNF, while M1 Finance holds licences from SEC.
5What trading platforms do OANDA and M1 Finance support?
OANDA supports MT4, Proprietary Web, Proprietary Mobile. M1 Finance supports Proprietary Web, Proprietary Mobile.
6Can I use both OANDA and M1 Finance?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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