Oanda

Oanda

🟢 Tier 1 Regulated
8.4
/ 10
vs
JustMarkets

JustMarkets

🟢 Tier 1 Regulated
7.2
/ 10

Oanda vs JustMarkets

A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.

Oanda and JustMarkets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Oanda, founded in 1996 and headquartered in New York, USA, is regulated by FCA, ASIC, MAS and offers spreads starting from 1.0 pips with a minimum deposit of $0. JustMarkets, established in 2012 in Limassol, Cyprus, holds licenses from CySEC, FSA, IFSC with spreads from 0.0 pips and a $1 minimum deposit. In our hands-on testing across 8 scoring categories, Oanda scored 8.4/10 overall compared to JustMarkets's 7.2/10, making it the stronger pick for most traders. That said, JustMarkets holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.

Key Differences at a Glance

  • 📊

    Oanda scores 8.4/10 overall vs 7.2/10 for JustMarkets — a 1.2-point difference.

  • 💵

    Oanda requires just $0 to start, while JustMarkets needs $1 — Oanda is 1x more accessible.

  • 📈

    JustMarkets offers 260+ instruments vs 120+ at Oanda — a massive gap in market coverage.

  • 🖥️

    Oanda runs on fxTrade, MT4, TradingView, while JustMarkets uses MT4, MT5 — different ecosystems for different trading styles.

  • The biggest gap is in Regulation & Trust: Oanda scores 9.5 vs 7.0 for JustMarkets — a 2.5-point difference.

Our Verdict

🏆 WINNER
Oanda

Oanda

Score: 8.4/10 · Wins 6 categories
  • You're a beginner who values learning resources
  • You need advanced trading platforms and tools
  • Top-tier regulation and fund safety are your priority
  • Responsive customer support matters to you
JustMarkets

JustMarkets

Score: 7.2/10 · Wins 0 categories
  • You prefer JustMarkets's trading environment overall

Oanda takes the lead with an overall score of 8.4/10 compared to 7.2/10, winning in 6 out of 8 scoring categories. Oanda stands out for better trading platforms and stronger regulation, while JustMarkets remains a solid alternative.

Detailed Verdict

After testing both brokers with real accounts, Oanda comes out ahead with a 8.4/10 overall rating, winning 6 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.5/10. Oanda holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. JustMarkets is not without merit — it scores 7.2/10 overall and excels in Trading Costs (7.5/10). For a complete breakdown, read our full Oanda review and JustMarkets review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.

Score Breakdown

Oanda
JustMarkets
Trading Costs
7.5 7.5
Platforms & Tools
8.0 7.0

Oanda wins by 1.0 points

Regulation & Trust
9.5 7.0

Oanda wins by 2.5 points

Education
7.5 6.5

Oanda wins by 1.0 points

Customer Service
8.0 7.5

Oanda wins by 0.5 points

Research & Analysis
9.0 6.5

Oanda wins by 2.5 points

Deposit & Withdrawal
8.0 7.5

Oanda wins by 0.5 points

Product Range
6.5 6.5

Full Feature Comparison

Structured broker facts pulled from the shared broker dataset.
Feature
Overall Score
8.4/10
7.2/10
Min Deposit
Lower is better
$0
$1
Max Leverage
1:200
1:3000
Spreads From
1.0 pips
0.0 pips
Platforms
fxTrade, MT4, TradingView
MT4, MT5
Regulation
FCA, ASIC, MAS
CySEC, FSA, IFSC
Founded
Older track record highlighted
1996
2012
Markets
120+
260+
Oanda: 0 JustMarkets: 0
💰

Fees & Costs

When it comes to trading costs, Oanda has the edge with a score of 7.5/10 versus 7.5/10 for JustMarkets. Oanda offers spreads starting from 1.0 pips, while JustMarkets starts from 0.0 pips. The minimum deposit at Oanda is $0, compared to $1 at JustMarkets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.

Oanda
7.5
JustMarkets
7.5
Oanda: 1 JustMarkets: 0
🖥️

Trading Platforms

🏅 Section Winner: Oanda (8.0 vs 7.0)

Oanda scores 8/10 for platforms compared to 7/10 for JustMarkets. Oanda provides fxTrade, MT4, TradingView, while JustMarkets offers MT4, MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.

Oanda
8.0
JustMarkets
7.0
Oanda: 2 JustMarkets: 0
🛡️

Regulation & Safety

🏅 Section Winner: Oanda (9.5 vs 7.0)

Regulation is crucial for fund safety. Oanda is regulated by FCA, ASIC, MAS (Tier 1), while JustMarkets holds licenses from CySEC, FSA, IFSC (Tier 1). Oanda scores 9.5/10 and JustMarkets scores 7/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.

Oanda
9.5
JustMarkets
7.0
Oanda: 3 JustMarkets: 0
📚

Education & Research

🏅 Section Winner: Oanda (7.5 vs 6.5)

For learning resources, Oanda leads with 7.5/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Oanda and JustMarkets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.

Oanda
7.5
JustMarkets
6.5
Oanda: 4 JustMarkets: 0
🎧

Customer Support

🏅 Section Winner: Oanda (8.0 vs 7.5)

Oanda offers 24/5 Live Chat, Email, Phone and scores 8/10, while JustMarkets provides 24/7 Live Chat, Email with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.

Oanda
8.0
JustMarkets
7.5
Oanda: 5 JustMarkets: 0
💳

Deposit & Withdrawal

🏅 Section Winner: Oanda (8.0 vs 7.5)

Oanda scores 8/10 for deposits and withdrawals, while JustMarkets scores 7.5/10. Oanda accepts Bank Transfer, Credit Card, PayPal, and JustMarkets supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. Oanda requires a minimum deposit of $0 versus $1 for JustMarkets. Always check withdrawal conditions and any potential fees before funding your account.

Oanda
8.0
JustMarkets
7.5

Which Broker Is Right for You?

Oanda

Choose Oanda if you...

  • You're a beginner who values learning resources
  • You need advanced trading platforms and tools
  • Top-tier regulation and fund safety are your priority
  • Responsive customer support matters to you
Visit Oanda
JustMarkets

Choose JustMarkets if you...

  • You prefer JustMarkets's trading environment overall
Visit JustMarkets

🗳️ Which Broker Do You Prefer?

Cast your vote — see what other traders think

Frequently Asked Questions

Is Oanda better than JustMarkets?

Oanda scores higher overall (8.4/10 vs 7.2/10), winning 6 of 8 categories. However, JustMarkets remains competitive. The best choice depends on what matters most to your trading style.

Which has lower fees, Oanda or JustMarkets?

Oanda scores higher for trading costs. Oanda offers spreads from 1.0 pips with a $0 minimum deposit, while JustMarkets starts from 0.0 pips with $1 minimum. Actual trading costs depend on your instrument, volume, and account type.

Is Oanda safe to trade with?

Oanda is regulated by FCA, ASIC, MAS and scores 9.5/10 for regulation. JustMarkets is regulated by CySEC, FSA, IFSC with a score of 7/10. Both hold recognized licenses, but verify the specific entity covering your region.

Which has better trading platforms, Oanda or JustMarkets?

Oanda scores 8/10 for platforms. Oanda offers fxTrade, MT4, TradingView, while JustMarkets provides MT4, MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.

What's the minimum deposit for Oanda vs JustMarkets?

Oanda requires a minimum deposit of $0, while JustMarkets requires $1. Oanda has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.

Ready to Start Trading?

Open a free account with either broker and start trading today.

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