Compare forex brokers Admiral Markets VS Oanda

If you're choosing between Admiral Markets and Oanda forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Admiral Markets better than Oanda? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

ADMIRAL MARKETS VS OANDA

Admiral Markets
Admiral Markets Overview

Admiral Markets is a Forex and CFD broker operating from Australia, Cyprus, Estonia, and the UK. They operate a no-dealing-desk brokerage model and provide over 7,000 trading instruments across forex and CFD’s.

OANDA
OANDA Overview

OANDA is one of the early pioneers of online forex brokers, established in the mid-1990s. The company is said to be founded by Dr. Michael Stumm and Dr. Richard Olsen. When the online trading platform FXTrade was launched in 2001, it was the first fully automated forex trading platform.

# Broker's Features ADMIRAL MARKETS Availability OANDA Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Admiral Markets vs Oanda.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Admiral Markets offers Online Financial Trading and Investment Services Such as Currencies, Gold, Silver, Indices, CFDs, Commodities, Indices, Shares, while Oanda offers N/A.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Admiral Markets is ECN, STP, while Oanda is Market Maker, No dealing desk.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Admiral Markets is regulated by ASIC, CySEC, FCA, MiFID, while Oanda regulated by CFTC, DFSA, FSA, IIROC, MAS, NFA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. Admiral Markets offers EUR, USD, GBP, CHF different account currencies for each account types, while Oanda offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. Admiral Markets offers English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, Croat, while Oanda offers Chinese, English, French, German, Japanese, Korean Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. Admiral Markets offers Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer, PayPal different payment methods for each account types, while Oanda offers Credit/Debit Cards, PayPal, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Admiral Markets makes MT4, WebTrader available to clients, while Oanda offers MT4, Oanda fxTrade.

The Verdict: Admiral Markets or Oanda?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Admiral Markets is more reliable based on our criteria above. Admiral Markets offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Admiral Markets has a wider range of languages in which customer service is offered making the broker more accessible. As Admiral Markets offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. Only Admiral Markets provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

What We Don’t Like on Oanda

Oanda has a limited product portfolio as it offers only forex CFDs. The customer support has a lot to improve as it is slow and provides irrelevant. The money withdrawal can be pricey.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Are you Satisfied with what They Offer?