Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
CMC Markets
Regulated in your country CMC Markets is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Oanda
Regulated in your country Oanda is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders CMC Markets and Oanda are best suited to, based on what each one actually offers in Australia.CMC Markets is better than Oanda for high-volume traders, while Oanda is better for long-term investors, professional traders and futures traders. Scalpers, swing traders and news traders can choose either CMC Markets or Oanda.
| Overall score | CMC Markets 80 -1 not offered | Oanda 81 74 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise CMC Markets and the ones that supervise Oanda.CMC Markets and Oanda are both regulated in Australia, by ASIC.
| Section score | CMC Markets 100 not offered | Oanda 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that CMC Markets and Oanda have in place to protect your money in Australia.CMC Markets and Oanda both offer segregated client funds and two-factor authentication.
| Section score | CMC Markets 73 Best not offered | Oanda 66 -7 66 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1989 | 1996 |
| Parent company i | CMC Markets plc | OANDA Group |
| CEO i | Peter Cruddas | Gavin Bambury |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Barclays Bank Ireland, J.P. Morgan SE | mBank |
| Brand power | ||
| Number of customers worldwide i | 1,000,000 | |
| Annual revenue i | US$324,700,000 | US$16,900,000 |
| Monthly website search traffic i | 10.5M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with CMC Markets and with Oanda in Australia, both on each trade and on holding the account.CMC Markets and Oanda are equally good for CFD/FX costs, as CMC Markets is cheaper on EUR/USD, at US$6.5 per lot (against Oanda's US$7.35), and has tighter gold CFD spreads, at 0.2 points (against Oanda's 0.52 points). On the other hand, Oanda charges lower forex commissions, at US$3 per lot (against CMC Markets' US$5), and has tighter EUR/USD raw spreads, at 0.1 pip (against CMC Markets' 0.3 pips). Neither CMC Markets nor Oanda charges account maintenance fees or withdrawal fees.
Oanda and CMC Markets cannot be set side by side for real stock costs, as CMC Markets is a CFD broker and does not offer real stocks, unlike Oanda.
| Section score | CMC Markets 68 not offered | Oanda 66 -2 29 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$5 | US$3 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$6.5 | US$7.35 |
| S&P 500 fees (CFD) i | 0.5 points | 0.39 points |
| Gold fees (CFD) i | 0.2 points | 0.52 points |
| Bitcoin fees (CFD) i | US$15 | US$43.85 |
| US stocks fees (CFD) i | US$0.02 | US$0.06 |
| Fees on stocks | ||
| Stock fee type i | Percentage | |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with CMC Markets and with Oanda in Australia, and of how many instruments each one gives access to.Oanda is better than CMC Markets for CFD/FX markets, because Oanda lets you own stocks and ETFs outright, which CMC Markets does not, and offers futures on crypto and forex, which CMC Markets does not. Both CMC Markets and Oanda offer CFDs on commodities, crypto, forex, indices and stocks.
There is no like-for-like comparison for real stock markets, as CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 75 -25 not offered | Oanda 100 Best 60 |
|---|---|---|
| Total tradable symbols i | 12,000 | 1,400 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that CMC Markets and Oanda make available to their clients in Australia.CMC Markets and Oanda are equally good for platforms, as both offer a proprietary platform and MetaTrader 5.
CMC Markets does not offer real stocks, being a CFD broker, so Oanda and CMC Markets cannot be compared for platforms.
| Section score | CMC Markets 91 not offered | Oanda 91 91 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of CMC Markets and Oanda in Australia, and of what each one lets you do from your phone.Oanda is better than CMC Markets for mobile trading, as Oanda offers mobile trading signals, mobile charting tools and mobile drawing tools, which CMC Markets does not. Both CMC Markets and Oanda offer a proprietary mobile app and the MetaTrader 5 app.
Oanda and CMC Markets cannot be compared for mobile trading, because Oanda is a broker offering both CFDs and stocks while CMC Markets is a CFD broker.
| Section score | CMC Markets 73 -20 not offered | Oanda 93 Best 93 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that CMC Markets and Oanda allow on their platforms in Australia.Oanda is better than CMC Markets for CFD/FX trading features, given that Oanda offers VPS hosting and API access, which CMC Markets does not. Both CMC Markets and Oanda offer negative balance protection and trailing stops.
There is no like-for-like comparison for real stock trading features, as CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 89 -7 not offered | Oanda 96 Best 92 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 40 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0.08% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$1 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at CMC Markets and at Oanda in Australia, and of who each one is meant for.CMC Markets is better than Oanda for CFD/FX account types, since CMC Markets offers an unlimited demo account, which Oanda does not. Both CMC Markets and Oanda offer a demo account and a professional traders account.
CMC Markets does not offer real stocks, being a CFD broker, so Oanda and CMC Markets cannot be compared for real stock account types.
| Section score | CMC Markets 53 Best not offered | Oanda 46 -7 34 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with CMC Markets and with Oanda in Australia.Oanda is better than CMC Markets for account opening, given that Oanda offers 9 account base currencies (against CMC Markets' 3). Neither CMC Markets nor Oanda requires a minimum deposit.
CMC Markets does not offer real stocks, being a CFD broker, so Oanda and CMC Markets cannot be compared for account opening.
| Section score | CMC Markets 70 -5 not offered | Oanda 75 Best 75 |
|---|---|---|
| Minimum deposit i | US$0 | US$0 |
| Minimum withdrawal i | US$0 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal | |
| Local payment methods i | ||
| Account base currencies i | AUD, USD, HKD | AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD |
| Deposit waiting time i | Instant | up to 1 business days |
| Withdrawal waiting time i | Instant | up to 3 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of CMC Markets and Oanda in Australia, in how it can be reached and how fast it answers.CMC Markets is better than Oanda for customer care, given that CMC Markets has a website in 9 languages (against Oanda's 7), and offers a dedicated account manager and priority support, which Oanda does not. CMC Markets and Oanda both offer phone support and live chat.
There is no like-for-like comparison for customer care, as CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 71 Best not offered | Oanda 51 -20 51 |
|---|---|---|
| Number of languages supported i | 9 | 7 |
| Website languages i | German, English, French, Italian, Norwegian, Polish, Spanish, Swedish, Chinese | German, English, French, Italian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | English, Chinese | German, English, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that CMC Markets and Oanda provide to their clients in Australia.CMC Markets is better than Oanda for learning, given that CMC Markets offers professional reports, which Oanda does not. Both CMC Markets and Oanda offer education for advanced traders and webinars.
There is no like-for-like comparison for learning, as CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 88 Best not offered | Oanda 80 -8 80 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
CMC Markets vs Oanda: which one should you choose?
CMC Markets
CFD/FX Choose CMC Markets if you want a CFD and forex broker with low trading costs and a wide choice of markets.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Oanda
CFD/FX Choose Oanda if you want an online CFD broker with many account base currencies.
Stocks Choose Oanda if you want a share dealing service with retirement accounts.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include CMC Markets or Oanda, each scored with the same data and method as this page.
