easyMarkets vs OANDA, Updated for 2024

Compare easyMarkets vs OANDA

Every platforms for online trading has a few advantages and disadvantages, and a complete easyMarkets and OANDA review cannnot be regarded as thorough without adopting a balanced approach.

Assess easyMarkets and OANDA to understand just how these platforms compare to each other prior to you create an account. A comprehensive comparison can put things in perspective to ensure that you remain aware of what you should anticipate.

So you are looking for a broker and are choosing between easyMarkets or OANDA. Who should you choose?

Our easyMarkets vs OANDA comparison contains the latest information so you can easily compare OANDA against easyMarkets.

If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will acquire adept at all the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who will be transparent with you always.

Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. easyMarkets and OANDA are two such companies which will take you and your investment into great heights. It's important to compare easyMarkets vs OANDA before you trust them with your money.

Our easyMarkets vs OANDA comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust easyMarkets and OANDA side by side.

Our entire easyMarkets vs OANDA Review covers everything you need to know about trading with either easyMarkets or OANDA. A good agent can multiply your initial investments and give you positive profits. If you want to earn profits, you should trade with a brokerage service that contrasts with your investment goals.

There is no sure-fire method to ensure profits; thus, you must carefully assess your agent before you choose them. It's a common misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can set your investments at risk.

easyMarkets and OANDA are both brokers which have paved their way successfully into the brokerage world. In this review, we have tried to collate a number of the vital aspects of both easyMarkets and OANDA. This review can help you to understand whether either OANDA or easyMarkets is a good match for your investments or not. We have attempted to breakdown all of the features and charges for your advantage.

Benefits of easyMarkets and OANDA Compared

easyMarkets offers a minimum deposit of $100 while OANDA has a $1 minimum deposit.

Why smaller minimum deposits are good and how easyMarkets and OANDA compare

The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

easyMarkets allows you to trade around 200 financial instruments while OANDA allows you to trade around 200 available.

The more financial instruments you can trade on the easyMarkets and OANDA platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of easyMarkets or OANDA.

easyMarkets and OANDA Contact Details

Being able to contact an online trading platform through many ways is vital. easyMarkets and OANDA have the following contact details and social medias that you can use.

OANDA and easyMarkets Mobile App Comparison

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this part of our comparison of easyMarkets and OANDA we'll check whether either of their mobile apps tick all the boxes.

We rate overall the user-friendliness of the apps as Better than the average.

It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

Search Functions

While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

easyMarkets vs OANDA - Awards

easyMarkets vs OANDA - Frequently Asked Questions

easyMarkets vs OANDA - Headquarters And Year Of Founding

easyMarkets was founded in 2003 and has its head office in Cyprus, Australia.

OANDA was founded in 1996 and has its headquaters in United States, Canada.

What is the minimum deposit for OANDA or easyMarkets

The minimum deposit for easyMarkets is $100.

The minimum deposit for OANDA is $1.

Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both easyMarkets and OANDA are a good option.

easyMarkets vs OANDA - Regulation And Licencing In More Detail

easyMarkets is regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

Both easyMarkets and OANDA have a strong collection of rules for ensuring honest trading on their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).

In accordance with their own privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.

Compare easyMarkets vs OANDA Commission And Fees

easyMarkets and OANDA are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. That is, an internet broker is not necessarily influenced by the amount of customers they have.

However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 different types of fees for this purpose.

The first kind of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In such instances, you are spending a spread, funding speed, or even a commission. The sorts of trading charges and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are those who are charged when you maintain a leveraged position for longer than daily.

Apart from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake in your account. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.

Generally, neither easyMarkets or OANDA charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who regularly trade, for example weekly or daily trading.

However, non-trading fees billed by easyMarkets and OANDA are relatively higher. As a result, you're charged more for non-trading actions on your trading account, like deposits and withdrawal. These aren't related to the purchase and sale of assets.

This easyMarkets vs OANDA review for 2024 breaks down every one of the relevant non-trading fees for you in detail.

Compare Broker Fees For easyMarkets And OANDA

What Languages Do easyMarkets And OANDA Support?

Being able to communicate easily with your trading platform is a key way of comparing brokers to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key factor to success when trading forex.

Here you can find the languages that both easyMarkets and OANDA offer communication in.

How Many Clients Do easyMarkets and OANDA Have?

Both easyMarkets and OANDA are well established with their customer base. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers they already work with.

Below you will find details of how many clients easyMarkets and OANDA are working with

What Payment Methods Do easyMarkets and OANDA Accept?

easyMarkets and OANDA both offer a wide range of payment options which is vital when you have a global customer base.

Below you will find details of all the payment options available at easyMarkets and OANDA

What Can You Trade With easyMarkets and OANDA?

easyMarkets offers 200 trading instruments while OANDA offers 100.

Below you will find a full breakdown of what both easyMarkets and OANDA offer.