CMC Markets vs OANDA: which broker is better in 2026?
We compare CMC Markets and OANDA — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Both score evenly overall — the right choice depends on which criteria matter most to you.
Side-by-side comparison
CriteriaCMC MarketsOANDA
Overall score 4.0 4.0
Regulation & safety 4.0 4.5
Fees & deposit 3.5 3.5
Platform & assets 4.5 4.0
User support 4.0 4.0
Trust score80/10083/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsProprietary web platform (Next Generation), MetaTrader 4, TradingView (integrated), Mobile appProprietary web/desktop platform, MetaTrader 4, TradingView (integrated), Mobile app, API v20
Fee modelSpread & commission model varies per product — details not yet verifiedSpread model (Standard account) or core spread + commission (Core/Elite) — per-region details not yet verified with exact figures
Pros & cons
- Public company (LSE FTSE 250, since 1989) regulated by the FCA + Bermuda Monetary Authority
- Highly regarded Next Generation platform + MT4 + TradingView integration
- Broad coverage: forex/share/index CFDs, spread betting, and share dealing
- Historical note: ASIC once ordered retail-client remediation over margin-netting breaches
- Focus on leveraged CFD/spread betting products — high-risk
- Not the choice for those chasing the cheapest cost/raw ECN
- Very strong & rare regulation — licensed in the US (NFA/CFTC) plus FCA/ASIC/MAS/IIROC
- Respected reputation for price data & execution; strong trading API for automation
- Flexible platform choice: proprietary + MT4 + TradingView
- Not the cheapest for high volume compared to raw ECN brokers
- Product availability (e.g. crypto CFDs) differs per region/entity
- Leveraged products remain high-risk
Regulation at a glance
CMC Markets
Regulated by the FCA in the UK; holds an additional license from the Bermuda Monetary Authority. Listed on the London Stock Exchange (FTSE 250).
OANDA
Operates multiple entities with strict oversight per region: NFA/CFTC (US), FCA (UK), ASIC (Australia), MAS (Singapore), IIROC (Canada). One of the few retail brokers licensed in the US market.