Oanda vs EasyMarkets: Which Broker is Better for Philippines Traders in 2026?
Which broker is better for Philippines traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Philippines Traders
Philippines traders looking for a reliable forex broker often compare Oanda vs EasyMarkets. Oanda, with a score of 3.6/5, is a well-established broker known for its advanced trading tools and competitive spreads. EasyMarkets, scoring 3.4/5, offers a user-friendly platform with fixed spreads and innovative risk management features. For local traders using PHP, both brokers support popular payment methods like GCash, PayMaya, Bank Transfer, and USDT, making deposits and withdrawals convenient. Whether you are an OFW sending remittances or a mobile-first trader, this comparison will help you choose the right broker for your needs.
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 Philippines traders, trading costs are a key factor. Oanda offers variable spreads starting from 0.6 pips on major pairs like EUR/USD, which is ideal for high-volume scalpers. EasyMarkets provides fixed spreads around 1.2 pips, offering cost certainty. Oanda also charges a low commission on certain account types, while EasyMarkets includes all costs in the spread. Over 100 trades per month, Oanda can save you up to 30% in total costs, especially when trading in PHP-denominated accounts.
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 - Philippines Traders
| Entity / Asset | Oanda | EasyMarkets |
|---|---|---|
| Philippines (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 mobile app is highly rated for its intuitive interface and advanced charting tools, perfect for mobile-first traders in the Philippines. EasyMarkets offers a web-based platform with one-click trading and a free VPS for automated strategies. Both support MetaTrader 4, but Oanda’s proprietary platform provides better execution speed and real-time analytics, which is crucial for traders using local internet connections.
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 is known for its fast and reliable execution with no requotes, thanks to its advanced technology and deep liquidity. EasyMarkets also offers good execution but may have occasional slippage during high volatility. For Philippines traders using mobile networks, Oanda’s execution speed is more consistent, ensuring minimal delays.
Regulation & Safety for Philippines Traders
| Safety Factor | Oanda | EasyMarkets |
|---|---|---|
| Primary regulator | FCA | CySEC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both brokers are regulated by top-tier authorities: Oanda by the FCA, ASIC, and CFTC, while EasyMarkets is regulated by the CySEC and ASIC. Although neither is directly regulated by the SEC Philippines, they comply with international standards. For Philippines traders, this means your funds are held in segregated accounts and you have access to investor compensation schemes. Always verify the broker’s license before trading.
Deposits & Withdrawals for Philippines
| 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) |
Depositing and withdrawing funds is seamless for Philippines traders. Oanda supports GCash, PayMaya, Bank Transfer, and USDT, with instant processing for e-wallets. EasyMarkets also accepts these methods plus credit/debit cards. Minimum deposits are low: $50 for Oanda and $100 for EasyMarkets. Withdrawals via GCash or PayMaya are processed within 24 hours, while bank transfers take 1-3 days. USDT withdrawals are also fast, usually within a few hours. No deposit fees are charged by either broker.
Islamic Accounts - Swap-Free for Philippines 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 accounts for Muslim traders in the Philippines. EasyMarkets provides a dedicated swap-free account with no overnight interest charges on any instrument. Oanda offers Islamic accounts upon request, subject to approval and compliance with Sharia law. These accounts are available for all account types and include the same trading conditions as standard accounts.
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 offers 24/5 multilingual customer support via live chat, email, and phone. EasyMarkets provides 24/7 support in English and other languages. For Philippines traders, Oanda’s support team is responsive during local trading hours, while EasyMarkets’ round-the-clock service is beneficial for those trading outside regular hours.
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? - Philippines Guide
Choose Oanda if you...
- Prefer tighter variable spreads for active trading
- Need a robust mobile app for trading on the go
- Are a high-volume trader looking to minimize costs
- Want access to advanced charting and analysis tools
Choose EasyMarkets if you...
- Are a beginner seeking fixed spreads for cost certainty
- Need an Islamic account with no swap charges
- Value 24/7 customer support and a simple platform
- Prefer deposit methods like GCash and PayMaya with low minimums
FAQ - Oanda vs EasyMarkets in Philippines
Final Verdict - Philippines 2026
For Philippines traders, Oanda edges ahead with a score of 3.6/5 vs EasyMarkets’ 3.4/5, thanks to lower spreads, superior mobile trading, and faster execution. However, EasyMarkets is a strong choice for beginners and Muslim traders needing Islamic accounts. Both brokers support local payments like GCash, PayMaya, Bank Transfer, and USDT, making them accessible. While neither is regulated by the SEC Philippines, their international licenses provide adequate protection. Ultimately, Oanda is best for active, cost-conscious traders, while EasyMarkets suits those who value simplicity and fixed costs.