HF Markets vs Oanda 2024 | Comparison Table and Reviews (2024)

HF Markets vs Oanda 2024 | Comparison Table and Reviews (1)

4.3

HF Markets is ranked #96 among CFD brokers. Oanda is ranked #85 among CFD brokers.

Review

HF Markets is an established CFD broker with over 3 million clients and more than 60 industry awards. The trustworthy firm is authorized by several leading regulators, including the CySEC and FCA. New traders get a choice of accounts to suit different strategies and experience levels while the firm stands out for its impressive range of trading tools, from the MetaTrader software to Autochartist and the bespoke copy trading app, HFCopy. OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. Pros

Respected brand with millions of users and 60+ accolades
Heavily regulated holding licenses with top financial agencies including CySEC
Superb research tools including advanced insights dashboard and daily market commentary
MetaTrader 4 and MetaTrader 5 integration with desktop and mobile compatibility
Excellent breadth of products including fractional shares
Beginner-friendly copy trading app
Demo account with no expiry
Free deposits and withdrawals

The OANDA Trade web platform serves serious traders, with 100+ technical indicators, an economic overlay and a Dow Jones news feed
OANDA recently improved its prop trading service, OANDA Labs Prop Trader, offering an 80% profit share to skilled traders
The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
There are no restrictions on short-term trading strategies with scalping, hedging and netting permitted
OANDA has enhanced its suite of stocks, now providing exposure to over 2,200 US and European shares
With 68 forex pairs and access to a premium MT4 upgrade, the broker will serve active forex traders
Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy
The $0 minimum deposit will appeal to newer traders
Spreads are tight and there are zero hidden fees

Cons

Slow sign-up process
Mediocre range of funding options
Average spreads on some assets
HFM app has limited analysis tools compared to MetaTrader

The range of payment methods trail competitors, only offering a handful vs the 10+ available at alternatives like AvaTrade
It's a shame that social and copy trading tools aren't supported for traders who want to explore other ways to trade
High-volume traders get limited fee rebates or perks compared to leading brands
Weekend customer support and extended hours trading aren't available

Awards

Best Forex Trading App 2022 - Capital Finance International Magazine
Best Educational Broker 2022 - Global Forex Awards
Best Forex Broker South Africa 2022 - International Finance Awards
Best Forex Broker Middle East 2022 - All Forex Review
Best CFD Trading Conditions 2021 - World Economic Magazine
Best Market Research & Education Global 2021 - Capital Finance International Magazine
Best Client Services 2020 - Capital Finance International Magazine

Best Trading Tools winner 2021 - Online Personal Wealth Awards
Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
Voted Most Popular Broker 2021 - TradingView Broker Awards
Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards

FCA Regulated Yes Yes Instruments CFDs, Forex, Metals, Energies, Stocks, Indices, Commodities, Bonds, ETFs CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting Demo Account Yes Yes Minimum Deposit $0 $0 Payment Methods

Credit Cards
Debit Card
Mastercard
Neteller
Skrill
Visa
Wire Transfer

Credit Cards
Debit Card
Mastercard
Neteller
Skrill
Trustly
Visa
Wire Transfer

Minimum Trade 0.01 Lots 0.01 Lots Regulator CySEC, FCA, DFSA, FSCA, FSA, CMA FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI Mobile Apps iOS & Android OANDA Trade, MT4 iOS App Rating

4.7

Android App Rating

3.7

Margin Trading Yes Yes Margin Rate 2% MetaTrader 4 Yes Yes MetaTrader 5 Yes No cTrader No No AlgoTrader No No OmniTrader No No TradingView No Yes Autochartist Yes Yes eSignal No No Trading Central No No STP Account Yes No ECN Account Yes No DMA Account Yes No 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 Yes Yes Market Maker Yes Yes P2P Trading No No Spot Trading Yes Yes Auto Trading Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader Copy Trading Yes No Copy Trading Platform The HFCopy app allows users to automatically copy the trades of experienced traders in a few taps. You can follow multiple traders at the same time, set a rescue level to protect your capital, and withdraw profits without restrictions. You can start copy trading in 4 easy steps. Social Trading No No VPS Hosting Yes No Tournaments No No Demo Competitions No No Ethical Investing Yes No Custodial Account No No Guaranteed Stop Loss No Yes Inactivity Fee $5 $10 Islamic Account Yes No Account Currencies

Commodities

Oil
Gold
Silver
Platinum
Palladium
Cocoa
Coffee
Copper
Cotton
Sugar

Corn
Palladium
Platinum
Copper
Wheat
Gold
Silver
Oil
Natural Gas
Soybeans
Sugar

CFD HF Markets offers over 1000 CFDs spanning forex, stocks, indices, commodities, bonds and ETFs. Traders can speculate on rising and falling prices with flexible leverage. Fees are also transparent with no hidden charges. You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms. Leverage 1:30 (EU), 1:1000 (Global) 1:30 FTSE Spread 1.7 1.0 GBPUSD Spread< 2.0 1.4 Oil Spread 0.05 3.0 Stocks Spread Variable 12 (Apple Inc) Forex HF Markets offers trading on over 50 currency pairs including all majors. The no dealing desk model ensures fast execution speeds with tight spreads from 0.1 pips. HFM also offers excellent research and analysis in the currency markets. OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds. Assets 50+ 68 GBPUSD Spread 2.0 1.4 EURUSD Spread 1.2 0.8 EURGBP Spread 1.7 0.9 Currency Indices

Cryptocurrency OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility. Spread $100 Coins

BTC
ETH
LTC
BCH
PAXG
LINK
UNI
AAVE

Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No HF Markets Oanda

Review

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FAQs

HF Markets vs Oanda 2024 | Comparison Table and Reviews? ›

HF Markets is ranked #96 among CFD brokers. Oanda is ranked #85 among CFD brokers. HF Markets is an established CFD broker with over 3 million clients and more than 60 industry awards. The trustworthy firm is authorized by several leading regulators, including the CySEC and FCA.

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Which is better, forex or OANDA? ›

Trading Platforms — Winner: FOREX.com

FOREX.com offers more trading platforms than OANDA. Both offer the MetaTrader 4 & 5 (MT4 and MT5) trading platform. In addition, OANDA offers its own trading platform, FxTrade, while FOREX.com offers Advanced Trading Platform and WebTrader.

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Is my money safe with OANDA? ›

Your money is held in segregated bank accounts separate from the money of OANDA Global Markets. This means that it is easily identifiable as client money so OANDA Global Markets and its creditors do not have any charge, lien, rights of set-off or retention over it.

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Is HF markets safe? ›

HF Markets is a trusted broker because it has top-tier regulation. Data on HF Markets comes from regulatory sources and is checked by our legal experts. HF Markets's clients have access to existing investor protection programs.

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How reliable is OANDA? ›

OANDA is considered Highly Trusted, with an overall Trust Score of 93 out of 99. OANDA is not publicly traded, does not operate a bank, and is regulated by seven Tier-1 regulators (Highly Trusted), zero tier-2 regulators (average trust), zero Tier-3 regulator (Average Risk), and one Tier-4 regulator (High Risk).

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Can US traders use OANDA? ›

OANDA accepts U.S. clients, making it one of the few global online forex brokers to do so. An abundance of relevant tools and resources, including Dow Jones FX Select news and various types of calculators, make fxTrade an excellent trading platform.

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Is it easy to withdraw from OANDA? ›

It is simple and straightforward to deposit and withdraw funds to and from your OANDA trading account. Funds can be deposited using a debit card (backed by MasterCard, Visa or Discover), wire transfer and ACH bank transfer. You can withdraw funds with the same method you used to make the deposit.

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Does OANDA charge a monthly fee? ›

You will be charged a monthly fee of 10 units of the currency in which your account is denominated when there are no open trades in your account for a period of at least 12 months. For example, if your account is in USD, you will be charged 10 USD.

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Is OANDA FDIC insured? ›

OANDA maintains back up systems and contingency plans to minimize the possibility of system failure. Your Margin Account with OANDA is not insured under any state or federal insurance program, or by any other entity.

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Does OANDA have an inactivity fee? ›

Inactivity fees will be applied to inactive accounts on the third last weekday of each month. Levying of inactivity fees will not result in a negative balance on any of your accounts. The balance on your account is reduced to zero.

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What is the safest forex trading? ›

A safe broker will be regulated by a reputable financial authority, have a good track record, offer competitive trading conditions, and have a strong customer support team. Some of the safest forex brokers in the world include Pepperstone, IC Markets, FXCM, OANDA, FBS, XM, eToro, AvaTrade, IG, Saxo Bank, and FXTM.

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Which is the best safe trading platform? ›

Groww, Zerodha, Angel One, Kotak Securities, and HDFC Securities are some of the Best Trading Platform in India that could assist novice investors and traders. While Groww has an interactive interface to assist beginner traders, Zerodha has the lowest brokerage fees to charge.

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How much money do you need for OANDA? ›

What is the minimum deposit requirement? There is no minimum deposit or minimum balance required to open or maintain an OANDA account.

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Who is OANDA owned by? ›

Introducing a new era for the firm, OANDA is acquired by CVC Capital Partners, a leading private equity firm that currently manages in excess of USD70 billion in assets around the world.

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What is the best forex trading platform? ›

Best Forex Trading Platforms

IG - Most trusted, great for beginners. CMC Markets - Best platform technology. Interactive Brokers - Best for professionals. Charles Schwab - Best desktop platform (U.S. only)

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What is better than forex? ›

If your goal is to take a buy-and-hold approach for positions in the long-term, then the stock market is a safer and regulated option that can result profits in even larger profits over a period of time, if that stock is successful.

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