AMarkets vs OANDA Forex Broker Comparison
A head-to-head comparison of AMarkets and OANDA across regulation, trading costs, platforms, and editorial scoring.
SVG FSA-regulated broker with genuine ECN conditions on MT4, MT5, and cTrader, a well-regarded PAMM system, and an established following in Russia, Ukraine, and Central Asia.
VS
NFA- and FCA-regulated with strong US/UK coverage, transparent historical pricing, and excellent research.
Our Verdict
OANDA winsClear Winner
OANDA comes out ahead with an editorial score of 4.6/5 compared to AMarkets's 3.8/5.
OANDA
4.6/5
AMarkets
3.8/5
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 pips vs 1 pips for OANDA, reducing trading costs.
Best for safety & regulation
Recommended
OANDA has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
AMarkets has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
OANDA offers more exclusive platform options: Proprietary Web/Mobile, TradingView, a proprietary platform.
Best for beginners
Recommended
OANDA edges out AMarkets with a higher editorial score (4.6/5 vs 3.8/5), indicating a stronger overall experience for new traders.
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▲ |
Fees & Spreads 30% weight | 4.0 / 5 | 4.5 / 5▲ |
Platforms & Tools 20% weight | 4.1 / 5 | 4.6 / 5▲ |
Customer Support 10% weight | 3.9 / 5 | 4.3 / 5▲ |
| Founded | 2007 | 1996 |
| Headquarters | Kingstown, Saint Vincent and the Grenadines | New York, United States |
| Min deposit | $100 | No minimum |
| Spreads from | 0 pips | 1 pips |
| Commission / lot | $6/lot | N/A |
| Max leverage | 3000:1 | 50:1 |
| Withdrawal fee | Free | Free for ACH |
| Regulators | SVGFSA | FCA CMF ASIC NFA CBI |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile TradingView |
| Active bonuses | ||
| Visit broker | Visit AMarkets | Visit OANDA |
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
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Available to US residents (NFA-registered)
Best-in-class research and economic data
No minimum deposit
MT4, MT5 and proprietary platforms
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
SVG FSA registration only - no meaningful retail investor protection
No EU or Tier 1 licensed entity
Very high leverage (3000:1) is a risk amplifier
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
Spreads slightly wider than ECN-style brokers
No copy trading
No raw spread account option
Inactivity fee applies
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
Based on our independent editorial scoring, OANDA ranks higher with a score of 4.6/5 vs 3.8/5 for AMarkets. The best choice still depends on your individual trading needs; AMarkets and OANDA may each suit different trader profiles.
AMarkets offers tighter spreads starting from 0 pips, compared to OANDA's spreads from 1 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
OANDA has a lower minimum deposit of no minimum required, while AMarkets requires at least $100. This makes OANDA more accessible for traders with limited starting capital.
OANDA holds top-tier regulation (FCA, CMF, ASIC), providing stronger investor protections. AMarkets may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: OANDA has a lower minimum deposit (no minimum), lowering the barrier to entry; OANDA offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
AMarkets offers maximum leverage of 3000:1, while OANDA offers up to 50:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
AMarkets charges $6 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
AMarkets supports MetaTrader 4, MetaTrader 5, cTrader and OANDA offers MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile, TradingView; both support MetaTrader 4, MetaTrader 5; AMarkets exclusively offers cTrader; OANDA exclusively offers Proprietary Web/Mobile, TradingView.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 3.8 / 5
More Broker Comparisons
More AMarkets comparisons
More OANDA comparisons
Personalised recommendation
Not sure which broker is right for you?
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker