This comparison guide helps customers who have a hard time to choose in between eToro and OANDA to find the most effective online broker for their trading and financial investment demands. It analyzes the highlights of both brokers side-by-side to help individuals compare their solution and make an informed choice.
To help customers pick the ideal broker in between eToro and OANDA to locate the best-suited platform, below is a listing of broker’s advantages and disadvantages, adhered to by a contrast of their major trading functions, including trading platforms & tools, costs, mobile trading, down payment & withdrawal, assets, guideline, and client support.
eToro vs. OANDA: Summary
eToro is a multi-asset brokerage company with the world’s biggest social trading community (over 30 million users). Their platform and mobile app features are easy to use for beginners and include an intuitive copy trading tool, simple buy & sell orders and free demo account. Users can trade with CFDs on major stocks, ETFs, forex, and cryptocurrencies.
eToro charges 0% commission on stocks, and ETFs. They charge an average spread of 0.9 pips on most forex pairs. eToro’s non trading fees are above average and include overnight, inactivity ($10/month) and currency conversion fees ($5/conversion).
Their customer support is available through email and live chat in Arabic and English.
OANDA is a reputable forex and CFD broker founded in 1996. It is regulated by seven tier-one regulators. [Note: This comparison is based on OANDA Corporation (US division), regulated by the CFTC and NFA. OANDA has multiple divisions with different regulatory bodies and conditions. Please refer to OANDA’s official resources for division-specific details at OANDA Divisions.] Their users have access to approximately 76 tradable instruments, including 68 forex pairs and 8 cryptos via Paxos. [Note: Instrument availability may vary by division.] Traders can choose between a proprietary platform (web and desktop version), MT4. Their trading platform has an intuitive design, offers automated trade execution, and multiple features for algorithmic trading. Market research features are powered by TradingView.
OANDA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of approximately 1.4 pips on EUR/USD for their standard account in OANDA Corporation (US division). [Note: Spreads may vary depending on market conditions, division, and account type, including different spreads for standard and premium accounts like Core Spread accounts.]
OANDA’s customer service in OANDA Corporation (US division) is available by email, live chat (chatbot), and phone, with initial filtering by a chatbot before connecting to an agent. [Note: Customer service availability and processes may vary by division.]
Pros
- Low minimum deposit ($50)
- 0% commission stocks and ETF trading
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools missing
Pros
- Regulated by six top-tier authorities globally, ensuring high compliance standards.
- Offers 68 forex pairs and 8 cryptos in OANDA Corporation (US division).
- No minimum deposit required, accessible for all traders.
- Provides robust research tools with daily market updates.
- Supports automated trading via APIs and MetaTrader 4.
[Note: Offerings and benefits may vary by division.]
Cons
- Standard account spreads (e.g., 1.4 pips EUR/USD) are above industry average.
- Customer service response times can be slower than expected.
- Limited product range beyond forex and cryptos in OANDA Corporation (US division).
- Withdrawal fees apply for bank transfers (e.g., $20 in US division).
- No MetaTrader 5 access in OANDA Corporation (US division).
[Note: Drawbacks may vary by division.]
Key features
- Average trading fees
- Industry leading social/copy trading tool
- Easy buy/sell order types
- Crypto exchange & brokerage services
- Fast registration and KYC on-boarding process
- Multiple payment options
Key features
- OANDA Trade platform with TradingView charts for advanced analysis.
- Mobile app supports trading with real-time data and alerts.
- Educational resources include webinars, tutorials, and articles.
- Negative balance protection offered in certain divisions (e.g., EU).
- Core Pricing accounts (minimum $10,000) offer lower spreads with commission.
[Note: Features and availability differ by region.]
eToro vs. OANDA Comparison
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eToro
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
OANDA
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 1:50 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $5 | $20 + Fee |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after one year | $10 a month after 12 months |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | 0 |
| Forex (EUR/USD) | 1.1 pip | 1.3 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 5 pip | 31 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 30 | |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 49 | 68 |
| CFD Indices & Funds | 250 | 12 |
| CFD Stocks | 2800 | 0 |
| CFD Commodities | 54 | 35 |
| CFD Crypto | 32 | 0 |
| CFD Bonds | 0 | 3 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
eToro vs. OANDA Comparison Conclusion
The outcomes of our comparison of eToro vs. OANDA are wrapped up in the table below.
| Broker: | Best For: |
| eToro | Stocks and ETFs & Social Copy Trading |
| OANDA | Forex and CFDs |
Selecting the appropriate selection in between eToro and OANDA can be tough. Both on-line brokers have resemblances yet differ concerning trading instruments, systems & applications, regulation, deposit & withdrawals, and research and education and learning. Selecting the most effective broker depends upon users’ trading & financial investment goals, specific preferences, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.