OandA vs. Skilling Comparison

This contrast guide helps users that struggle to choose between OandA and Skilling to locate the best online broker for their trading and investment requirements. It evaluates the main features of the two brokers side by side to assist customers contrast their solution and make an informed decision.

To help individuals pick the best broker in between OandA and Skilling to locate the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, adhered to by a comparison of their main trading functions, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, possessions, policy, and client assistance.

OandA vs. Skilling: Summary

Oanda logo

OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social 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 1.26 pips EUR/USD on their standard account.

OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.

skilling-logo

Skilling is a multi-asset online broker headquartered in Cyprus. It is regulated by two tier-one regulators (the CySEC and FSA) and is therefore considered safe. Their users can trade on over 1,200 symbols, including forex, cryptocurrencies, shares, indices and commodities.

Skilling offers a proprietary platform (Trader) and a wide range of third-party plugins, including cTrader and MetaTrader 4. Skilling’s trading fees are average compared to similar brokers in the industry.

They charge a 0.1% taker fee on cryptocurrencies and spreads of 0.7 pips on EUR/USD. Skilling charges currency conversion and inactivity fees of 10 EUR/month after 12 months of account inactivity. Users have one free withdrawal per month.

Skilling’s customer service is available through a contact form, live chat, and phone (+44 208 080 6555). Additionally, users can find helpful information in the broker’s Help Centre

Pros

  • Low minimum deposit ($0)
  • Competitive average spread from 1.2 pips (EUR/USD)
  • MT4, MT5 and TradingView integration
  • Broad range of research and analysis tools
  • Feature rich mobile app

Cons

  • Limited assets
  • Only CFD and forex trading available
  • Customer support is only available during office hours
  • Inactivity fees

Pros

  • Low minimum deposit ($100)
  • 0% Commissions on global stocks CFDs
  • Wide range of trading platforms (proprietary, cTrader, and MetaTrader 4)
  • Social Copy Trading platform availability
  • Cryptocurrency trading and investing opportunities

Cons

  • Max. leverage on cryptocurrency only 1:2
  • High spreads on standard and non-professional accounts
  • Lacks educational and research material

Key features

  • Access to 124 tradable symbols including 71 forex pairs
  • Low minimum deposit ($0)
  • Real-time currency conversion
  • MetaTrader 4 and 5 integration
  • Free VPS server
  • Trading fee and wire transfer discounts for professional traders

Key features

  • 1,200+ financial instruments across 7 asset classes
  • Multiple trading platforms
  • Commission-free stock CFD trading
  • Set-and-forget copy trading services
  • A broad range of payment methods
  • Cryptocurrency trading and investing

OandA vs. Skilling Comparison

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Oanda logo

Oanda

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74-89% of retail CFD accounts lose money

BROKER COMPARISON

Oanda logo
skilling-logo

Overall rating

3,8/5

3,9/5

Overall rating

3,8/5

3,9/5

Trading Platform & Tools

3.9

4.5

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 1000:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.1

3.8

See details
Withdrawal Fee $20 + Fee 0
Deposit Fee 0 0
Inactivity Fee $10 a month after 12 months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.3 0.7
Stocks & ETF 0 0
CFD (Gold) 31 4.5
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

4.4

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

4.0

See details
Minimum deposit (in UAE) 0 $100.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.8

2.8

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 70 73
CFD Indices & Funds 12 18
CFD Stocks 0 760
CFD Commodities 35 6
CFD Crypto 0 50
CFD Bonds 3 0
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

3.6

3.0

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

Customer Support

4.5

4.0

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

Winner

OandA vs. Skilling Comparison Conclusion

The results of our contrast of OandA vs. Skilling are involved the table below.

Broker:Best For:
OandAForex and CFDs
SkillingForex, CFD & Copy Trading

Selecting the right selection in between OandA and Skilling can be difficult. Both on-line brokers have resemblances yet differ concerning trading tools, platforms & applications, regulation, deposit & withdrawals, and study and education. Selecting the most effective broker depends on customers’ trading & investment goals, private preferences, and experience level.

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.

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