Equiti vs OANDA
Equiti | OANDA |
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2.8
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4.3
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Equiti is an international STP brokerage, with built-in analysis tools and a wide range of CFD and forex markets. The broker also offers sky-high leverage rates of up to 1:2000 and is regulated offshore for retail traders by the Seychelles FSA, among other tier-2 authorities. |
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
Based on 3 OANDA customer reviews
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Comment by Reviewer | |
"After opening an account, I think Equiti is a pretty good option for experienced traders looking for ECN pricing with high leverage rates on the feature-rich MT5 platform. That said, the offshore regulation doesn't give me a great deal of confidence and the lack of educational tools is frustrating." | "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 | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$500 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FSA, JSC, CMA, SCA, CBA, FCA | FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI |
Margin Trading | |
No | 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 | |
No | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
Yes | OANDA Trade, MT4 |
Android App Rating | |
3.7 |
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iOS App Rating | |
4.7 |
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Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
No | No |
Social Trading | |
Yes | No |
Trade Signals | |
Yes | |
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 | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
The broker's CFD range encompasses all my favorites: forex, US, UK and European stocks, international ETFs, energy commodities, global stock indices and cryptos. They're all available with competitive ECN conditions from within the MT4 or MT5 trading platforms. | 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 | |
1:500 | |
FTSE Spread | |
1.2 | 1.0 |
GBPUSD Spread | |
0.2 | 1.4 |
Oil Spread | |
0.028 | 3.0 |
Stocks Spread | |
Variable | 12 (Apple Inc) |
Forex Trading | |
During my testing, I uncovered nearly 70 foreign exchange CFDs - not a bad line-up compared to other brokers I review. The broker’s STP execution model means that execution times for me are generally quite low and spreads are competitive, starting from 0.0 pips. | 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 | |
0.2 | 1.4 |
EURUSD Spread | |
1.6 | 0.8 |
EURGBP Spread | |
0.9 | 0.9 |
Assets | |
65 | 68 |
Cryptocurrency | |
I’m pretty happy with Equiti’s 1:10 leverage and spreads from $5 on popular crypto pairs like BTCUSD. Savvy clients can also utilize the broker's signals and market news to get crypto trade ideas and keep abreast of industry developments. | 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 | |
Variable | $100 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
More Comparisons | |
Equiti vs |
OANDA vs |