eToro vs. OANDA

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eToro and Oanda are leading online brokers with excellent social trading tools. eToro offers superior social trading tools and platforms. It has a transparent fee structure and active trading discounts. eToro is a trustworthy broker with licenses from the ASIC and FCA. 

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eToro logo

eToro

Open account Read review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Oanda logo

Oanda

Open account Read review

74-89% of retail CFD accounts lose money

BROKER COMPARISON

eToro logo
Oanda logo

Overall rating

4,9/5

3,8/5

Overall rating

4,9/5

3,8/5

Trading Platform & Tools

4.9

3.9

See details
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

4.8

3.1

See details
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

Mobile Trading

4.9

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

3.8

See details
Minimum deposit (in UAE) $100 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

1.8

See details
Shares 2.800 0
ETF & Funds 0 0
Crypto 30 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 49 70
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

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

3.6

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

5.0

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Oanda is a leading U.S. forex broker with user-friendly platforms and social trading tools. It has top-tier licenses from the CFTC and FCA. We recommend it for beginner investors because of its straightforward platforms. 

This article discusses the advantages and disadvantages of eToro and Oanda. 

Top findings from the eToro vs. Oanda review:  

  1. eToro is the leading social trading broker with premium platforms and tools. 
  2. Oanda is a leading U.S. forex broker with outstanding research tools, API, and a learning center. 
  3. Both brokers offer a demo account for traders to test their platforms. 

eToro is a top choice for professional traders who want access to premium social trading tools. We recommend Oanda for both beginner and experienced investors, as it has powerful research and educational tools. 

Level of experience  

Beginner traders prefer Oanda because it has easy-to-use trading platforms. Its research tools are versatile, with many technical indicators and an API. Oanda is a top choice for beginner traders as it provides a smooth trading experience and learning center. 

eToro is a professional social trading broker with reliable research tools. It offers market commentary, an economic calendar, world-class copy trading tools, and social sentiment. eToro has premium platforms, which might be challenging to learn by inexperienced traders. Its research and education tools are limited, which is why we recommend it for advanced traders. 

Fees  

eToro has an initial deposit fee of $100, while Oanda doesn’t charge a minimum initial deposit. Both brokers have a transparent fee structure and offer an active trader discount. 

Assets  

eToro has 47 forex currency pairs, while Oanda provides 70 pairs. eToro offers 2314 CFDs, while Oanda has 55 available CFDs. 

Trading platform  

eToro has a proprietary platform and an excellent social trading app. It offers a demo account, some research tools, and access to the best social trading features. eToro is a good choice for professional traders, as its educational and market data are limited. 

Oanda has a proprietary platform, a mobile app, and MT4. Each platform has a straightforward design and easy-to-learn tools. Oanda provides many learning tools, including tutorials and pre-recorded webinars. It is a top choice for beginners because of its wide range of educational and research data. 

Banking services  

Banking services offer benefits to traders of all levels of experience. eToro has six funding options, including bank wire, credit/debit cards, PayPal, and Skrill. Oanda offers bank wire, PayPal, and credit/debit card funding options. 

Final verdict  

eToro and Oanda are leading online brokers. Both have strengths and weaknesses depending on your trading style and experience. eToro is a good choice for advanced traders, as it offers professional platforms and tools. We recommend Oanda to inexperienced traders because it offers many learning materials. 

eToro compared to other brokers:

eToro review

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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