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Head to head

Admirals (Admiral Markets) vs OANDA

Admirals (Admiral Markets) is licensed by FCA in the United Kingdom, CySEC in the European Union and CMA in Kenya, and also has an offshore registration. OANDA is licensed by CFTC / NFA in the United States, FCA in the United Kingdom, KNF in the European Union, CIRO in Canada, ASIC in Australia, MAS in Singapore and JFSA in Japan, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $25 at Admirals (Admiral Markets) and $0 at OANDA. Both offer negative balance protection and segregated client money.

Facts last checked: Admirals (Admiral Markets) on 20 October 2026, OANDA on 20 October 2026.

Admirals (Admiral Markets) profileOANDA profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
Admirals (Admiral Markets)Strictly regulatedRead the profile
OANDAStrictly regulatedRead the profile
Comparing
Admirals (Admiral Markets)United Kingdom
OANDAUnited States

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Tallinn, Estonia (Admirals Group AS)
Not yet checked
Official websites
  • admiralmarkets.com
  • admirals.com
  • admiralmarkets.com.cy
  • oanda.com
  • oanda.sg
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
Admiral Markets UK Ltd
OANDA Corporation
Regulator
FCA
United Kingdom
CFTC / NFA
United States
Regulation level
Strictly regulated
Strictly regulated
Licence number
595450
Check the register
NFA ID 0325821
Check the register
Clients this company serves
UK residents
US residents (retail forex; registered futures commission merchant and retail foreign exchange dealer)
All licences held
  • FCA (United Kingdom)
  • CySEC (European Union)
  • CMA (Kenya)
  • FSA Seychelles (Seychelles)
  • CFTC / NFA (United States)
  • FCA (United Kingdom)
  • KNF (European Union)
  • CIRO (Canada)
  • ASIC (Australia)
  • MAS (Singapore)
  • JFSA (Japan)
  • FSC (BVI) (British Virgin Islands)
Segregated client money
Yes
Yes
Negative balance protection
Yes
Yes
Compensation scheme
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the Seychelles company
FSCS (UK, OANDA Europe Limited clients); CIPF (Canada); other countries have their own schemes or none

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Not yet checked

Leverage and margin

Maximum retail leverage
1:30 on major pairs (UK, EU); up to 1:1000 at the Seychelles company
1:30 on major currency pairs (UK and EU retail clients); other companies set their own limits
Retail leverage by asset class
  • Currency pairs (Seychelles company): up to 1:1000
  • Indices (Seychelles company): up to 1:500
  • Major currency pairs (UK and EU companies): 1:30
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs: 1:5
Margin call level
Not yet checked
Not yet checked
Stop-out level
30% (Seychelles company)
Not yet checked

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader WebTrader
  • Admirals Platform
  • Admirals Mobile App
  • StereoTrader
  • OANDA Trade web
  • OANDA Trade mobile app
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
Markets
80 currency pairs, metal, energy, index, stock, ETF and crypto CFDs, plus real stocks and ETFs on Invest.MT5
Currency pairs, indices, commodities, metals, bonds, shares and ETFs as CFDs and spread bets (UK)
Demo account
Yes
Not yet checked
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Yes

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Debit or credit card
  • Skrill
  • Neteller
  • Crypto
  • Debit or credit card
  • Bank transfer
Withdrawal fee
One free withdrawal a month per payment method, then a fee by method (2% or 3% at the Seychelles company)
No deposit or withdrawal fees from OANDA (UK); your bank may charge
Inactivity fee
10 EUR a month after 24 months without trades (only on a positive balance)
Monthly fee after 12 months without trading, capped at £20 a month per client (UK)

Support

Customer support
Not yet checked
Not yet checked

Our notes

Strengths
  • UK and EU companies licensed by the FCA and CySEC, with client money in segregated accounts
  • Low minimum deposit (25 USD or EUR on Trade.MT5 and Zero.MT5, 1 USD or EUR on Invest.MT5)
  • Fees and charges page lists the inactivity, withdrawal and transfer fees in one place
  • Licensed by strict regulators in the US, UK, EU, Canada, Australia, Singapore and Japan
  • No minimum account balance and no deposit or withdrawal fees on the UK site
  • Guaranteed stop-loss orders available in the UK (for a fee)
Watch out for
  • International clients join Admirals SC Ltd, licensed only in the Seychelles (offshore tier), with leverage up to 1:1000
  • Says Admirals SA (Pty) Ltd is licensed by the FSCA; the FSCA's OTC derivative provider list shows it as Withdrawn, and we could not reach the FSCA FSP register on 2026-10-20 to check its FSP licence.
  • The group also names companies in Jordan, Canada and the UAE; we did not confirm those licences on 2026-10-20.
  • Only one free withdrawal a month per payment method; after 24 months without trades a 10 EUR monthly fee applies
  • Clients outside the countries with a local OANDA company may be placed with OANDA Global Markets Ltd, which holds only an offshore licence from the BVI FSC
  • UK inactivity fee after 12 months without trading, up to £20 a month
  • The NFA's BASIC record for OANDA Corporation lists past NFA and CFTC regulatory actions; read them there before you open a US account

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • Admirals (Admiral Markets): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  • OANDA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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