EagleFX vs Oanda

EagleFX vs OANDA Comparison Table 2023
EagleFX OANDA
4.1
4.5

OANDA is #4 in our broker rankings.

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

EagleFX is an ECN/STP trading broker offering a low starting deposit and high leverage.

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.

CFDs are not available to residents in the United States.
Bonus Offer
$5,000 welcome bonus with a deposit of $500
Comment by Reviewer
"We recommend OANDA for traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick for US traders with authorization from local regulators and a secure trading environment."
Pros
  • Demo account
  • MT4 integration
  • Low minimum deposit
  • Full range of investments
  • Industry-leading platforms including MT4 and TradingView
  • Reliable, trustworthy and secure brand with authorization from tier-one regulators
  • API facilitates access to 25 years of historical data and rates from 200+ currencies
  • The OANDA web platform offers advanced charts plus guaranteed stop-loss orders (GSLOs)
  • Feature-rich app with 50 indicators, 11 drawing tools and 9 charting styles
  • Wide selection of instruments including 70+ forex pairs
  • Transparent pricing structure with no hidden charges
  • Low minimum deposit for beginners
  • US clients accepted
Cons
  • No copy trading
  • No regulation
  • Stock trading not available in all countries
  • Customer support not available on the weekend
Awards
  • FX Broker With Best Withdrawal Options 2020
  • Best ECN/STP Broker 2020
  • Best Forex Broker 2020
  • Best US Broker 2023 - DayTrading.com
  • Best Trading Tools winner
  • (Online Personal Wealth Awards 2021)
  • Awarded highest overall client satisfaction
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Awarded highest client satisfaction for mobile platform/app
  • (Investment Trends 2021 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
Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies Forex
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits
Minimum Trade
0.01 lots $0
Regulator
CFTC, NFA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
Yes 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
No No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android FxTrade, MT4
Auto Trading
Yes (EAs) EAs
Copy Trading
No No
Social Trading
No No
Trade Signals
MT4
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
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Invest in leading financial markets with highly leveraged CFDs. CFD trading not offered
Leverage
1:500 1:30 EU, 1:200 Global
FTSE Spread
0.77 1.0
GBPUSD Spread
1.3 3.4
Oil Spread
0.09 3.0
Stocks Spread
Variable Variable
Forex Trading
Trade with high leverage on the FX market. OANDA offers over 70 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools.
Forex App

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.

GBPUSD Spread
1.3 3.4
EURUSD Spread
0.7 1.6
EURGBP Spread
1.4 1.7
Assets
55 70
Cryptocurrency
Trade on dozens of cryptocurrency coins agains the USD and BIT Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Users can also trade digital currencies in a few taps through the iOS and Android mobile app.
Spread
Floating $100
Coins
  • BCH
  • BTC
  • DASH
  • EOS
  • BIT
  • ETP
  • LTC
  • BTC
  • OMG
  • ZEC
  • USDT
  • BCH
  • ETP
  • QTUM
  • XMR
  • DOT
  • ETC
  • IOS
  • NEO
  • SAN
  • ZRX
  • EDO
  • ETH
  • IOT
  • NEO
  • SAN
  • XRP
  • BTG
  • EDO
  • ETH
  • OMG
  • TRX
  • XRP
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • MATIC
  • UNI
  • AAVE
  • SOL
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
CFDs are not available to residents in the United States.
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