Oanda vs EasyMarkets: Zambia Broker Comparison 2026

For Zambia traders, trading costs can significantly impact profitability, especially for high-volume forex traders. Oanda offers variable spreads starting from 0.6 pips on EUR/USD with no commission on standard accounts, while EasyMarkets provides fixed spreads averaging 1.2 pips on the same pair. Oanda’s spreads can widen during volatile markets, but for consistent trading, its lower average cost benefits active traders. EasyMarkets’ fixed spreads eliminate surprise widening, ideal for traders who prioritize cost certainty. On a monthly volume of $100,000, Oanda’s lower spreads could save approximately $50 compared to EasyMarkets. However, EasyMarkets charges a small markup on some instruments, so always compare total costs for your preferred pairs.

Oanda offers its proprietary platform, Oanda Trade, along with MT4 and MT5, providing advanced charting, automated trading, and over 100 technical indicators. This suits Zambia traders who require robust analysis tools for forex and CFDs. EasyMarkets provides its own web-based platform and mobile app, which is intuitive and includes features like DealCancellation and free guaranteed stop-loss orders. While EasyMarkets lacks MT4/MT5, its simplicity helps beginners in Zambia avoid complexity. Both platforms are available in English and work well on standard internet connections in Zambia.

Oanda uses No Dealing Desk (NDD) execution with straight-through processing, ensuring fast order execution with minimal slippage, even during high volatility. EasyMarkets uses a market maker model with fixed spreads, which can lead to slightly slower execution but eliminates requotes for most orders. For Zambia traders trading major pairs during peak hours, Oanda’s execution is generally faster and more reliable, while EasyMarkets’ model suits those who prefer price certainty over speed.

Both Oanda and EasyMarkets are regulated by the local financial regulator in Zambia, which provides a baseline level of investor protection. Oanda also holds licenses from top-tier regulators like the FCA (UK) and CFTC (US), offering additional security. EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), ensuring compliance with European and Australian standards. For Zambia traders, the local regulator’s oversight means both brokers must adhere to local rules, including client fund segregation. However, Oanda’s stronger global regulatory framework may appeal to those who prioritize extra safety, while EasyMarkets’ multiple licenses still provide solid protection.

Zambia traders can fund accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT TRC20, all of which are commonly used locally. Oanda also accepts credit/debit cards and PayPal, while EasyMarkets adds local mobile money options like Airtel Money and MTN Mobile Money. Deposits via USDT TRC20 are processed instantly with minimal fees, making them a fast and cost-effective choice for crypto users. Skrill and Neteller deposits are also instant but may incur a 1-2% fee. Bank transfers are free but take 1-3 business days. Withdrawals follow similar methods: EasyMarkets processes within 1-2 days, while Oanda takes 2-5 days. Minimum deposits are $50 for Oanda and $25 for EasyMarkets, making EasyMarkets more accessible for smaller accounts.

Both Oanda and EasyMarkets offer Islamic (swap-free) accounts for Muslim traders in Zambia who require compliance with Sharia law. These accounts do not charge or pay overnight interest on positions held beyond one day. EasyMarkets provides Islamic accounts automatically upon request with no extra fees, while Oanda requires a formal application and approval, which may take a few days. EasyMarkets also allows unlimited holding periods, whereas Oanda may restrict swap-free status to 30 days for certain account types. For Zambia’s Muslim trading community, EasyMarkets offers a more straightforward and flexible Islamic account option.

Oanda provides 24/5 customer support via live chat, email, and phone, with English-speaking agents available. EasyMarkets offers 24/5 support as well, but also includes a 24/7 live chat feature for basic queries. Both brokers have comprehensive FAQ sections, but EasyMarkets’ 24/7 chat is more convenient for Zambia traders in different time zones. Response times are similar, averaging under 5 minutes for live chat.