AMarketsvs
OANDAForex Broker Comparison
AMarkets and OANDA clash over regulation, pricing, and platform choice. The debate centers on safety and cost clarity across ECN options and advanced tools.
Our Verdict
OANDA winsClear Winner
OANDA leads on regulation and investor protection with NFA, FCA, ASIC oversight and an investor compensation scheme. AMarkets operates under SVG FSA registration with no top-tier license or investor compensation.
OANDA
4.6/5
AMarkets
3.8/5
Key Differences
- 1Raw spreads with $6/lot ECN commission at AMarkets.
- 2Top-tier regulators and investor compensation cover OANDA.
- 3OANDA has a proprietary platform; AMarkets does not.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
AMarkets offers tighter spreads from 0.00 pips vs 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
Recommended
AMarkets vs OANDA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.8/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.4 / 5 | 4.8 / 5▲ |
AMarkets vs OANDA Forex Broker Pros & Cons
Pros
MT4, MT5, and cTrader all available
Competitive $6 round-turn ECN commission
Mature PAMM platform with full performance transparency
No inactivity fee
Client funds held in segregated accounts
Raw spread account available
AMarkets vs OANDA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
AMarkets
criteria wins
5
OANDA
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | AMarkets | OANDA |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
AMarkets vs OANDA: Frequently Asked Questions
OANDA rates 4.6/5 versus 3.8/5 for AMarkets. OANDA edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
AMarkets starts from 0 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
OANDA has no minimum deposit, while AMarkets requires at least $100. This makes OANDA more accessible for traders with limited starting capital.
OANDA holds top-tier regulation (FCA, ASIC, CBI), providing stronger investor protections. AMarkets may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
OANDA stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
AMarkets lists maximum leverage of 3000:1, while OANDA lists up to 50:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
AMarkets charges $6 per lot on commission-based accounts. Commission details for OANDA are not currently available. Check their website for up-to-date pricing.
AMarkets supports cTrader, MetaTrader 5, MetaTrader 4, while OANDA supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. AMarkets has exclusive access to cTrader. OANDA has exclusive access to Proprietary Web/Mobile and TradingView.
