← Back to Brokers
CMC Markets

CMC Markets

4.3(1400)

BaFin/FCA

VS
Oanda

Oanda

4.2(1500)

FCA/NFA

CMC Markets vs Oanda

Head-to-Head Comparison 2026

Our Verdict

CMC Markets has a higher rating of 4.3/5 compared to Oanda (4.2/5). CMC Markets is BaFin-regulated, while Oanda is supervised by FCA/NFA. CMC Markets has been in the market since 1989, making it the more experienced provider.

Comparison Table

CriteriaCMC MarketsOanda
Rating4.3/5 (1400 reviews)✓4.2/5 (1500 reviews)
RegulationBaFin/FCAFCA/NFA
FeesSpreads from 0.7 pip on forex, no commission on standard accountSpreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)
Min. Deposit0 €0 €
InstrumentsCFDs, Forex, Indices, Commodities, Stocks CFDs, TreasuriesForex, CFDs, Indices, Commodities, Bonds, Metals
PlatformsNext Generation, MT4, CMC MobileOANDA Trade, MT4, MT5, TradingView
Options TradingNo, CFDs and spread bettingNo, forex and CFD trading
Founded19891996
HeadquartersLondonNew York

Detailed Comparison

Fee Comparison

CMC Markets: Spreads from 0.7 pip on forex, no commission on standard account. Minimum deposit: 0 €.

Oanda: Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Minimum deposit: 0 €.

Product Range

CMC Markets (6 categories)

CFDsForexIndicesCommoditiesStocks CFDsTreasuries

Oanda (6 categories)

ForexCFDsIndicesCommoditiesBondsMetals

Trading Platforms

CMC Markets

  • Next Generation
  • MT4
  • CMC Mobile

Oanda

  • OANDA Trade
  • MT4
  • MT5
  • TradingView

Regulation & Security

CMC Markets is regulated by BaFin/FCA (HQ: London).

Oanda is regulated by FCA/NFA (HQ: New York).

Who Is It For?

CMC Markets

Award-winning Next Generation platform with over 12,000 products

✓ Award-winning Next Generation platform

✓ Over 12,000 CFD products

✓ BaFin-regulated

✗ Only CFD trading, no real stocks

✗ Inactivity fee after 12 months

Oanda

Forex specialist with advanced technology since 1996

✓ No minimum deposit required

✓ Flexible lot sizes from 1 unit

✓ Advanced analysis tools

✗ Limited product range

✗ No stocks or ETFs

Frequently Asked Questions

Is CMC Markets or Oanda cheaper?
CMC Markets charges Spreads from 0.7 pip on forex, no commission on standard account. Oanda charges Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). The minimum deposit is 0 € at CMC Markets and 0 € at Oanda.
Which broker offers more products: CMC Markets or Oanda?
CMC Markets offers CFDs, Forex, Indices, Commodities, Stocks CFDs, Treasuries. Oanda offers Forex, CFDs, Indices, Commodities, Bonds, Metals.
Which broker is better regulated?
CMC Markets is regulated by BaFin/FCA. Oanda is regulated by FCA/NFA. CMC Markets has BaFin regulation, which is particularly advantageous for German investors.
Is CMC Markets or Oanda better for beginners?
CMC Markets has a minimum deposit of 0 € and offers Next Generation, MT4, CMC Mobile as platforms. Oanda has a minimum deposit of 0 € and offers OANDA Trade, MT4, MT5, TradingView. CMC Markets has the lower entry barrier.
CMC Markets vs Oanda: Which broker is better overall?
The choice between CMC Markets (4.3/5, 1400 reviews) and Oanda (4.2/5, 1500 reviews) depends on your needs. CMC Markets: Award-winning Next Generation platform with over 12,000 products. Oanda: Forex specialist with advanced technology since 1996.
CMC Markets

CMC Markets

Award-winning Next Generation platform with over 12,000 products

Open Account →

From 0 € min. deposit

Oanda

Oanda

Forex specialist with advanced technology since 1996

Open Account →

From 0 € min. deposit

CMC Markets read review →Oanda read review →