OANDA US vs CMTrading | Which is best 2024 (2024)

4.5

OANDA US is #5 in our broker rankings.

3.5

Traders from US accepted

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.

CMTrading is one of South Africa's leading online day trading brokers, offering trades with leverage up to 1:1000 on the MetaTrader 4 and browser-based Sirix platforms as well as a bespoke copy trading service. The brokerage launched in 2012 and holds a license with South Africa’s Financial Sector Conduct Authority (FSCA).

CFDs are not available to residents in the United States. Customer Reviews

4

Comment by Reviewer "OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score." "CMTrading is a great choice for traders based in South Africa looking to access highly leveraged forex and CFDs, plus copy trading tools and short-term signals." Pros Cons Awards Instruments Forex, Crypto Forex, CFDs, Indices, Shares, Energies, Metals, Cryptos Demo Account Yes Yes Minimum Deposit $0 $100 Trading Platforms Payment Methods Minimum Trade 0.01 Lots 0.01 Lots Regulator NFA, CFTC FSCA, FSA Margin Trading Yes Yes Margin Rate 2% STP Account No No ECN Account No Yes DMA Account No Yes MAM Account No No PAMM Account No No LAMM Account No No Demat Account No No AI / Machine Learning No No Robo Advisor No No Negative Balance Protection No No Market Maker Yes No P2P Trading No No Spot Trading Yes Yes Mobile Apps iOS & Android iOS & Android App Review

OANDA’s app stands out for its deeply customizable interface, ensuring you can tailor every aspect of the trading experience to your strategy, from setting custom notifications to adjusting chart sizes and overlays. This level of personalization, combined with the ability to quickly react to market changes, manage risk, and stay informed with alerts on significant market events, makes it a category leader.

Android App Rating

3.7

4.8

iOS App Rating

4.7

5

Auto Trading Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader Copy Trading No Yes Copy Trading Platform The broker's Copykat solution lets clients watch, copy and replicate the success of others traders. Clients can start mirroring positions once they have opened an account with a $250 minimum payment. Social Trading No Yes Trade Signals Yes VPS Hosting No No Tournaments No No Demo Competitions No No Ethical Investing No No Custodial Account No No Guaranteed Stop Loss No No Inactivity Fee $0 $15 Islamic Account No Yes Account Currencies Stock Exchanges Commodities CFD Trading CFD trading not offered Trade CFDs on forex, shares, indices, energies, metals and cryptocurrencies with variable leverage up to 1:200 and floating spreads. Traders can use the popular MetaTrader 4 platform or try the user-friendly, web-based Sirix, which also delivers real-time trading tips and detailed market forecasts. Leverage 1:50 1:200 FTSE Spread 35 GBPUSD Spread 2.6 Oil Spread 6 Stocks Spread 0.1 Forex Trading OANDA offers a diverse selection of 68 currency pairs, more than many alternatives. The broker’s in-house platform offers superb day trading capabilities via powerful TradingView charts, including 65+ technical indicators and 11 customizable chart types. Trade 50 forex pairs with floating spreads starting from 2+ pips on the regular account through to a minimum of 0.9 pips on premium ECN accounts. Traders benefit from in-depth forex education resources on CMTrader's academy and from daily signals. Forex App

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 68 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.

GBPUSD Spread 3.4 2.6 EURUSD Spread 1.6 1.5 EURGBP Spread 1.7 2.6 Assets 65+ 50 Cryptocurrency You can speculate on the world’s biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Through the broker’s partnership with Paxos, clients can spot trade cryptocurrencies on the itBit exchange through the OANDA native platform. Trade 23 of the most popular cryptocurrency assets, including BTC, ETH and SOL, in CFD pairs with USD and spreads from 0.02. Traders will not own the underlying tokens with these derivatives. Spread $100 From 0.02 Coins Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

CFDs are not available to residents in the United States. More Comparisons OANDA US
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