OandA vs. TastyTrade Comparison

This contrast guide aids customers that battle to pick between OandA and TastyTrade to discover the most effective online broker for their trading and financial investment requirements. It analyzes the highlights of both brokers side by side to aid individuals contrast their solution and make an informed decision.

To assist individuals select the best broker in between OandA and TastyTrade to find the best-suited system, listed below is a checklist of broker’s benefits and drawbacks, complied with by a comparison of their major trading attributes, consisting of trading systems & tools, fees, mobile trading, deposit & withdrawal, properties, law, and customer support.

OandA vs. TastyTrade: 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.

tastytrade-logo

TastyTrade (previously TastyWorks) is a US based stock and options broker. It is regulated by two tier-one regulators (FINRA and SEC) and is therefore considered safe. The broker offers access to a wide range of options, futures and stocks.

TastyTrade’s platform offers various trading tools and features, intuitive charting apps and the TastyTrade content network. These features make tastytrade a great fit for experienced and active traders focusing on trading with futures and options. Although TastyTrade offers great educational materials and research tools, the platform can be overwhelming for beginners.

The minimum deposit at TastyTrade is $0. Customer support is responsive and well educated.

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 ($0)
  • Wide range of futures and options
  • Low, variable, and capped trading fees
  • Broad range of tools for advanced options and futures traders
  • Great research and educational materials

Cons

  • No fractional shares available
  • Limited instruments compared to other brokers
  • High margin rates required

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

  • Access to thousands of stocks, ETFs, futures, options on futures, commodities, and cryptocurrencies
  • Advanced trading tools and dynamic charting features (custom indicators, watch lists, and curve analysis)
  • Multiple advanced order types available (good until canceled and good until date)
  • Free monthly portfolio analysis
  • Support for Expert Advisors and other automated trading software

OandA vs. TastyTrade Comparison

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Oanda logo

Oanda

Open account Read review

74-89% of retail CFD accounts lose money

BROKER COMPARISON

Oanda logo
tastytrade-logo

Overall rating

3,8/5

4,1/5

Overall rating

3,8/5

4,1/5

Trading Platform & Tools

3.9

4.1

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 5:1
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

4.2

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
Stocks & ETF 0 0
CFD (Gold) 31 0
Crypto 0 1% open 1% close (max $10 each way)
Options 0 $1 per contract
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees 0

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

3.0

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

Assets

1.8

4.0

See details
Shares 0 2400
ETF & Funds 0 0
Crypto 0 25
Commodities 0 0
Indices 0 7
Options 0 0
Futures 0 83
Bonds 0 0
Forex 70 0
CFD Indices & Funds 12 0
CFD Stocks 0 0
CFD Commodities 35 0
CFD Crypto 0 0
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

3.5

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 Spanish
Personal Account Manager

Winner

OandA vs. TastyTrade Comparison Conclusion

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

Broker:Best For:
OandAForex and CFDs
TastyTradeOptions Trading

Selecting the best choice between OandA and TastyTrade can be hard. Both on-line brokers have similarities however vary pertaining to trading tools, platforms & apps, regulation, down payment & withdrawals, and research study and education. Picking the very best broker depends on users’ trading & investment objectives, specific choices, 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.

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