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OANDA vs Markets.com 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between OANDA and Markets.com? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, OANDA ranks more highly than Markets.com.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingOANDAMarkets.comFOREX.com
Overall Rating8 / 108.1 / 108.7 / 10
Account TypeOANDAMarkets.comFOREX.com
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesNoYes
Copy TradingOANDAMarkets.comFOREX.com
Social Trading / Copy TradingYesYesNo
DupliTradeNoNoNo
ZuluTradeYesNoNo
CryptocurrencyOANDAMarkets.comFOREX.com
Cryptocurrency (Physical)YesNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)OANDAMarkets.comFOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesNoYes
Indices (Index CFDs)OANDAMarkets.comFOREX.com
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsOANDAMarkets.comFOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingYesNoNo
Social Trading / Copy TradingYesYesNo
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesYesYes
ETFNoYesYes
U.S. Stocks (CFD)NoYesYes
Trading PlatformsOANDAMarkets.comFOREX.com
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesYes
Regulatory LicensesOANDAMarkets.comFOREX.com
Tier-1 Licenses624
ASIC Authorised (Australia)YesYesNo
IIROC Authorised (Canada)YesNoYes
FCA Authorised (U.K.)YesNoYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)YesNoNo
FINMA Authorised (Switzerland)NoNoNo
CFTC Registered (USA)YesNoYes
Tier-2 Licenses022
Tier-3 Licenses111
Research, EducationOANDAMarkets.comFOREX.com
Trading Central (Recognia)NoNoYes
Forex News (Top-Tier Sources)YesYesYes
Daily Market CommentaryYesYesYes
AutochartistYesNoNo
Investor Dictionary (Glossary)YesNoYes
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)YesNoNo
Trading CostsOANDAMarkets.comFOREX.com
Minimum Initial Deposit$0$100$100
Average Spread EUR/USD - Standard1.26 (5/22-5/27/22)1.9 (as of Oct 2019)1.0 (July 2022)
All-in Cost EUR/USD - Active1.26 (5/22-5/27/22)1.9 (as of May 2019)1.0 (July 2022)
Active Trader or VIP DiscountsYesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesNoYes
Trading ToolsOANDAMarkets.comFOREX.com
Watchlists - Total Fields6620
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)8189203
Mobile Charting - Indicators / Studies33(default on MT4, none on Markets app)88
Trust FactorsOANDAMarkets.comFOREX.com
Year Founded199619991999
Publicly Traded (Listed)NoYesYes
BankNoNoNo
Authorised in European UnionYesYesYes
Trust Score929899
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OANDA vs Markets.com Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare OANDA vs Markets.com.

Can I trust OANDA?

OANDA has a trust score of 92, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust Markets.com?

Markets.com has a trust score of 98, giving it a "98" trust label.

Is OANDA a good broker?

OANDA is a long-standing broker that is highly regulated and trusted across the world by forex and CFD traders. OANDA has strong market research, and offers connectivity to numerous platforms and third-party plugins (including integrated charts from TradingView). The only downside with using OANDA is its comparatively small range of markets and industry-average spreads.

Is Markets.com a good broker?

Markets.com may be an expensive option, but its trading platforms are easy to use, and traders gain access to a wide range of forex and CFD symbols.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. OANDA is ASIC Authorised (Australia), IIROC Authorised (Canada), FSA Authorised (Japan), MAS Authorised (Singapore), FCA Authorised (U.K.) and CFTC Registered (USA), while Markets.com is ASIC Authorised (Australia)., neither have SFC Authorised (Hong Kong), CBI Authorised (Ireland), FMA Authorised (New Zealand) and FINMA Authorised (Switzerland)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, OANDA is none, while Markets.com is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses both OANDA and Markets.com are FSC Authorised (British Virgin Islands)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms OANDA supports a Proprietary Platform, Desktop Platform (Windows) and ZuluTrade, whereas Markets.com supports a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader and DupliTrade

Does OANDA offer MetaTrader? Does Markets.com offer MetaTrader?

Both OANDA and Markets.com offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do OANDA and Markets.com differ in terms of minimum deposit? What about average spreads and funding options?

OANDA requires a minimum deposit of $0, while Markets.com requires a minimum deposit of $100. From our testing we found OANDA offers spreads of 1.26 (5/22-5/27/22), while Markets.com offers spreads of 1.9 (as of Oct 2019). OANDA supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where Markets.com supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, OANDA or Markets.com?

OANDA offers a more diverse selection of investment options than Markets.com allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies and Agriculturals. Looking at total tradeable symbols, OANDA has 124, compared to 2179 from Markets.com.

Can I trade cryptocurrency with OANDA or Markets.com?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither OANDA nor Markets.com allow you to trade physical cryptocurrencies.

Who offers more research tools, OANDA or Markets.com?

In terms of research and research tools OANDA gives traders the following tools: Autochartist, Daily Market Commentary, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison Markets.com has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading., neither have Trading Central (Recognia)

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