7 minute read
JustMarkets vs OANDA: Which Broker Is Right for You?
from JustMarkets
by Exness_India
When it comes to choosing between JustMarkets and OANDA, the right broker for you depends heavily on your trading goals, experience level, and preferred markets. While JustMarkets caters primarily to forex and CFD traders seeking high leverage and MetaTrader-based platforms, OANDA appeals more to those who value regulation, institutional-grade execution, and access to powerful proprietary tools. Let’s dive into the key differences to help you make the smartest decision.
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Trading Platforms and Tools
If platform functionality matters most to you, then you’ll notice a clear divergence between these two brokers.
JustMarkets offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the globally renowned trading platforms that are especially popular among forex traders. Both versions support algorithmic trading, one-click execution, technical indicators, customizable charts, and access to expert advisors (EAs). MT5, being more modern, also supports more asset classes and an economic calendar.
On the other hand, OANDA does not offer MT5. It supports MT4, but its true strength lies in its proprietary OANDA Trade platform, available on desktop, web, and mobile. The platform includes advanced charting from TradingView, automated trading APIs, and integrated economic news and analysis. OANDA also provides a premium trading experience with advanced order types, historical data analytics, and a strong mobile experience.
If you're committed to using MetaTrader 5 or automated strategies via EAs, JustMarkets is the clear winner. However, if you're seeking an intuitive, all-in-one trading experience with top-tier analytics and charting, OANDA may be more aligned with your preferences.
Regulation and Trustworthiness
OANDA is a highly regulated broker, operating under the oversight of several top-tier regulators, including the CFTC in the U.S., FCA in the UK, IIROC in Canada, ASIC in Australia, and more. This makes OANDA one of the most trusted brokers in the industry for traders who prioritize safety and transparency.
JustMarkets, while regulated by the Financial Services Authority (FSA) of Seychelles, doesn’t meet the same regulatory standards as OANDA. This doesn’t necessarily mean it is unsafe—it is a legitimate broker with a solid reputation in many markets—but it’s more appealing to traders in regions where regulatory strictness isn’t the top concern.
If regulatory security is at the top of your checklist, especially for high-capital or long-term trading, OANDA is the superior choice.
Account Types and Minimum Deposits
One of JustMarkets’ most appealing features is its flexibility with account types. Traders can choose from multiple account structures including Standard, Pro, and Raw Spread, with leverage as high as 1:3000 (depending on jurisdiction). This allows traders to align account type with their experience level and strategy. Moreover, JustMarkets has a low minimum deposit starting from $1, making it accessible for beginners.
OANDA, in contrast, only offers one standard account type in most regions, with no minimum deposit required. However, spreads can be slightly higher unless you're using OANDA’s “core pricing” model (available in select regions), which provides lower spreads with a fixed commission per trade.
If you’re looking for ultra-flexible account types and very high leverage with a small initial deposit, JustMarkets gives you more choices. But if you prefer simplicity and the assurance of a globally regulated broker, OANDA keeps it streamlined and professional.
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Trading Instruments
Both brokers support forex and CFDs, but their offerings differ in scope.
JustMarkets focuses on forex trading with a decent range of currency pairs, indices, precious metals, cryptocurrencies, and some commodities. It does not offer individual stock CFDs as broadly as some other brokers.
OANDA offers a broader variety of markets in certain regions, including forex, indices, commodities, bonds, and cryptocurrencies, with over 70+ FX pairs alone. However, it doesn’t provide access to individual stocks or a large array of crypto CFDs like some newer brokers.
So, for pure forex trading and essential CFDs, both brokers are more than capable. However, OANDA’s product range may appeal more to professional traders interested in diversification across asset classes like bonds or exotic FX pairs.
Spreads and Fees
JustMarkets provides highly competitive spreads—especially on its Raw Spread accounts, where spreads can be as low as 0.0 pips, with a small commission per trade. This appeals to scalpers, day traders, and EA users who need tight pricing and fast execution.
OANDA’s pricing depends on the region and platform. The standard pricing model includes the spread only, which can be a bit wider than JustMarkets. Its core pricing model (where available) offers tighter spreads but adds a commission. OANDA doesn’t charge deposit or withdrawal fees, and inactivity fees are minimal.
If you’re an active trader who needs the tightest spreads and maximum leverage, JustMarkets is designed for that. But if you're trading less frequently or prioritize a fee structure backed by transparent regulation, OANDA holds a solid edge.
Deposit and Withdrawal Methods
JustMarkets supports a wide variety of funding methods including bank transfers, credit/debit cards, e-wallets like Skrill and Neteller, local payment options, and cryptocurrencies. Deposits are generally instant, and withdrawals are processed fairly quickly.
OANDA, while supporting bank transfers and credit/debit cards, offers fewer e-wallet options in certain regions and does not support crypto deposits. Its withdrawal processing time may also be slightly slower depending on your location.
So, if convenient, fast, and flexible funding is important to you—especially in countries where local payment systems are essential—JustMarkets might be the more suitable choice.
Customer Support and Education
Both brokers provide decent customer support, but their strengths lie in different areas.
JustMarkets offers 24/7 multilingual customer support via live chat, email, and social channels. Its support team is responsive and knowledgeable, especially in forex-related queries. However, the educational content on JustMarkets is more limited, mainly targeting beginner traders.
OANDA shines in educational content. It provides a vast library of articles, webinars, market analysis, and trading courses. It also features insightful research tools and analysis directly within its platform. OANDA’s support is professional and available during most trading hours, but not 24/7 globally.
If learning resources, market insights, and advanced research tools matter to you, OANDA clearly leads. But for continuous support and multi-language assistance, JustMarkets does well—especially for international traders.
Leverage and Risk Management
JustMarkets provides some of the highest leverage in the retail trading space—up to 1:3000, depending on the account type and jurisdiction. This can be a double-edged sword. While high leverage increases your profit potential, it also amplifies your risks. It's ideal for experienced traders with a strong risk management strategy.
OANDA offers much lower leverage, in line with regional regulations. For example, leverage in the U.S. is capped at 1:50, while in Europe and Australia, it’s limited to 1:30 for major pairs. While this may seem restrictive, it protects traders from over-leveraging and catastrophic losses.
If you're a risk-tolerant trader looking to maximize returns through aggressive strategies, JustMarkets has the tools. But if capital preservation and safety are your priorities, OANDA’s conservative leverage model is built for you.
Which Broker Should You Choose?
So, which broker is right for you—JustMarkets or OANDA?
Choose JustMarkets if:
You’re a forex or CFD trader seeking high leverage and tight spreads.
You prefer using MetaTrader 4 or MetaTrader 5.
You need flexible deposit options, including crypto or local methods.
You’re comfortable with offshore regulation and value account variety.
Choose OANDA if:
You prioritize strong regulation and transparency.
You want a robust, all-in-one trading platform with integrated research.
You need top-tier educational content and professional market insights.
You trade with a more conservative, long-term mindset.
Both brokers are legitimate and reputable, but they serve different types of traders. Your choice should come down to your trading goals, experience level, and how much you value regulation versus platform features or account flexibility.
Final Thoughts
JustMarkets and OANDA both stand out in the global brokerage space, but for different reasons. JustMarkets is ideal for dynamic traders who need flexibility, leverage, and MetaTrader platforms. OANDA, meanwhile, appeals to traders who seek a highly regulated environment with premium research tools and a more institutional-grade feel.
Ultimately, your trading style and personal priorities will determine the right broker. Whether you choose the innovative path with JustMarkets or the regulated reliability of OANDA, both can be powerful allies in your trading journey—if chosen wisely.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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