AMP Global vs OANDA

AMP Global vs OANDA Comparison Table 2024
AMP Global OANDA
3.5

AMP Global is #13 in our CFD broker rankings.

4.3
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

AMP Global is a multi-asset, multi-regulated broker offering trading on forex, stocks, commodities, indices, futures and crypto through the MetaTrader 5 platform, with low minimum deposits from $100 and high leverage up to 1:100. The firm was launched in 2010 and is registered with the CySEC and NFA.

OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.

Customer Reviews
4
Comment by Reviewer
"Traders seeking a well-regulated broker with strong market access, low fees and the powerful MT5 platform will enjoy AMP Global. On the downside, we found the sign-up process cumbersome vs competitors." "OANDA will serve day traders looking for a trustworthy broker with a beginner-friendly platform, superb research and straightforward account opening. The $0 minimum deposit and excellent customer support makes it especially attractive to newer traders."
Pros
  • Demo account
  • 1:100 leverage
  • Top-tier regulation
  • Price match promise
  • MT5 trading platform
  • Swap-free Islamic account
  • 24-hour customer support
  • Low minimum deposit requirement
  • The OANDA Trade web platform serves serious day traders, with 100+ technical indicators, an economic overlay and a Dow Jones news feed
  • OANDA recently introduced a prop trading service, OANDA Labs Trader, offering a 75% profit share to skilled traders
  • The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
  • There are no restrictions on short-term trading strategies with scalping, hedging and netting permitted
  • OANDA has enhanced its suite of stocks, now providing exposure to over 2,200 US and European shares
  • With 68 forex pairs and access to a premium MT4 upgrade, the broker will serve active forex traders
  • Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy
  • The $0 minimum deposit will appeal to newer traders
  • Spreads are tight and there are zero hidden fees
Cons
  • No MT4 download
  • No proprietary mobile app
  • Deposit and withdrawal fees
  • Narrow range of instruments offered
  • Long account sign-up requirements vs other brokers
  • The range of payment methods trail competitors, only offering a handful vs the 10+ available at alternatives like AvaTrade
  • It's a shame that social and copy trading tools aren't supported for traders who want to explore other ways to trade
  • High-volume day traders get limited fee rebates or perks compared to leading brands
  • Weekend customer support and extended hours trading aren't available
Awards
  • Best Trading Tools winner 2021 - Online Personal Wealth Awards
  • Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Voted Most Popular Broker 2021 - TradingView Broker Awards
  • Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
Instruments
Exchange-Traded Futures, Forex, Metals, Energies, Indices, Stocks, Crypto CFDs CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Trading Platforms
  • MT5
  • TradingView
  • OANDA Trade
  • MT4
  • TradingView
  • AutoChartist
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
NFA, CFTC, CySEC FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI
Margin Trading
Yes Yes
Margin Rate
2%
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android OANDA Trade, MT4
Android App Rating
3.7
iOS App Rating
4.7
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • RUB
  • PLN
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Non-US clients can trade CFDs leveraged up to 1:100 on 7 asset classes with variable spreads from 0.5 on currencies and 1 on the FTSE index. However, the depth of stocks, commodities and cryptos is limited. You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms.
Leverage
1:100 1:200
FTSE Spread
From 1.0 1.0
GBPUSD Spread
From 0.5 1.4
Oil Spread
From 1.0 3.0
Stocks Spread
Variable 12 (Apple Inc)
Forex Trading
Trade 70+ major, minor and exotic forex pairs with spreads from 0.5 on popular majors like GBP/USD and EUR/USD. This compares well to other forex brokers while the MT5 platform offers rich analysis tools and automated trading capabilities. OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds.
GBPUSD Spread
From 0.5 1.4
EURUSD Spread
From 0.5 0.8
EURGBP Spread
From 0.5 0.9
Assets
70+ 68
Cryptocurrency
Trade BTC, BCH, ETH and LTC pairs with USD and 1:2 leverage. However, this doesn't match the selection of cryptos at alternative brokers and higher leverage can be found elsewhere. OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility.
Spread
From 1 pip $100
Coins
  • BTC
  • BCH
  • LTC
  • ETH
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • UNI
  • AAVE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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