Oanda vs EasyMarkets: Cyprus Broker Comparison for 2026
Which broker is better for Cyprus traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Cyprus Traders
Cyprus traders looking for a reliable forex broker in 2025 often compare Oanda and EasyMarkets, two well-established names in the industry. Oanda, with a score of 3.6/5, is known for its advanced charting tools, extensive currency pair selection, and competitive variable spreads. EasyMarkets, scoring 3.4/5, appeals to traders who prefer fixed spreads, a user-friendly platform, and innovative risk management tools like deal cancellation. Both brokers are regulated by CySEC, the local financial regulator, ensuring a secure trading environment for Cyprus residents. Whether you trade in USD or prefer local payment methods like Bank Transfer, Skrill, Neteller, or USDT TRC20, this comparison will help you decide which broker aligns with your trading style.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | Oanda | EasyMarkets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | EasyMarkets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | EasyMarkets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | EasyMarkets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | EasyMarkets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $0 | $25 | Oanda |
For Cyprus traders, trading costs are a key factor. Oanda offers variable spreads that start from 0.6 pips on EUR/USD, making it cheaper for high-volume traders. EasyMarkets provides fixed spreads averaging 1.2 pips on the same pair, which can be more predictable but slightly higher. If you trade frequently in USD, Oanda’s lower variable spreads can save you money over time, especially during peak market hours. However, EasyMarkets’ fixed spreads protect you from widening during news events, which can be beneficial for less active traders.
Account Types Comparison
| Account Type | Oanda | EasyMarkets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✗ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $0 | $25 |
Leverage Comparison - Cyprus Traders
| Entity / Asset | Oanda | EasyMarkets |
|---|---|---|
| Cyprus (offshore) | Up to 1:100 | Up to 1:2000 |
| Forex major pairs | 1:100 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | Oanda | EasyMarkets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Oanda |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Oanda |
| Crypto CFDs | ✗ | 20+ | Oanda |
| Stocks / Share CFDs | ✗ | ✗ | EasyMarkets |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | Oanda | EasyMarkets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✗ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✗ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Oanda’s proprietary platform and MetaTrader 4 (MT4) are popular among Cyprus traders for their advanced charting, technical indicators, and automated trading capabilities. EasyMarkets offers its own web-based platform and mobile app, which are simpler but include unique features like deal cancellation and free guaranteed stop-loss orders. For Cyprus traders who value customization and analysis tools, Oanda is the better choice. If you prefer ease of use and built-in risk management, EasyMarkets’ platform is more suitable.
Execution Quality - Speed & Slippage
| Factor | Oanda | EasyMarkets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | EasyMarkets |
| Avg execution speed | ~30ms | ~40ms | Oanda |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✗ | Tie |
Oanda uses a no-dealing desk (NDD) model with straight-through processing (STP), ensuring fast execution with minimal slippage. EasyMarkets also offers STP execution but uses a market maker model for some orders, which can result in slightly slower execution during volatile periods. For Cyprus traders who trade frequently, Oanda provides better execution quality.
Regulation & Safety for Cyprus Traders
| Safety Factor | Oanda | EasyMarkets |
|---|---|---|
| Primary regulator | FCA | CySEC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both Oanda and EasyMarkets are regulated by CySEC in Cyprus, providing a high level of investor protection. This includes negative balance protection, segregation of client funds, and access to the Financial Ombudsman Service. For Cyprus traders, this means your funds are safe and you have recourse in case of disputes. While both brokers adhere to strict EU regulations, Oanda’s global presence adds an extra layer of trust, while EasyMarkets has a strong local reputation.
Deposits & Withdrawals for Cyprus
| Payment Method | Oanda | EasyMarkets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✗ | ✓ |
| Neteller | ✗ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | 1 to 5 business days | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) |
Cyprus traders can fund their accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT TRC20. Oanda also supports credit/debit cards and PayPal, while EasyMarkets offers additional local bank transfer options. Deposits are typically instant with e-wallets and USDT, while bank transfers may take 1-2 business days. Withdrawals are processed within 1-3 business days for both brokers, with no fees from the broker side. For crypto users, USDT TRC20 deposits are a convenient option, especially for those looking to avoid traditional banking delays.
Islamic Accounts - Swap-Free for Cyprus Muslims
| Islamic Account Feature | Oanda | EasyMarkets |
|---|---|---|
| Swap-free available | ✗ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both Oanda and EasyMarkets offer Islamic (swap-free) accounts for Cyprus Muslim traders. These accounts comply with Sharia law by not charging or paying swap fees on overnight positions. Oanda requires a request via customer support, while EasyMarkets offers it during account registration. Traders should note that both brokers may impose a holding period or administrative fee for long-term positions on Islamic accounts. This makes both brokers suitable for Cypriot traders seeking halal trading options.
Customer Support Comparison
| Support Feature | Oanda | EasyMarkets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Oanda |
Oanda provides 24/5 customer support via live chat, email, and phone, with a dedicated team for Cyprus traders. EasyMarkets offers 24/5 support as well, with a local phone number and multilingual agents. Both brokers have comprehensive FAQ sections, but Oanda’s support is slightly more responsive based on user reviews.
Mobile App Comparison
| Mobile Feature | Oanda | EasyMarkets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Oanda |
| Google Play rating | 4.3 stars | 4.2 stars | Oanda |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | Oanda |
Education & Research Tools
| Resource | Oanda | EasyMarkets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Oanda |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
Oanda
EasyMarkets
Who Should Use Which Broker? - Cyprus Guide
Choose Oanda if you...
- Prefer low variable spreads for active trading in USD pairs.
- Need advanced charting tools and technical indicators.
- Want access to MetaTrader 4 for automated trading.
- Value a global broker with a strong reputation and extensive currency pairs.
Choose EasyMarkets if you...
- Prefer fixed spreads for predictable trading costs.
- Are a beginner looking for a user-friendly platform.
- Want innovative risk management tools like deal cancellation.
- Prefer a broker with a strong local presence in Cyprus and easy deposit methods like Bank Transfer, Skrill, Neteller, or USDT TRC20.
FAQ - Oanda vs EasyMarkets in Cyprus
Final Verdict - Cyprus 2026
For Cyprus traders in 2025, the choice between Oanda and EasyMarkets depends on your trading priorities. Oanda (3.6/5) is ideal for active traders who want low spreads, advanced analytics, and a wide range of currency pairs. EasyMarkets (3.4/5) is better for beginners or those who prefer fixed costs and simple risk management tools. Both brokers are regulated by CySEC and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, making them accessible for Cypriot traders. If you trade frequently in USD, Oanda’s lower variable spreads can save you money. For a hassle-free experience with predictable costs, EasyMarkets is a solid choice.