eToro USA vs OANDA US

eToro USA vs OANDA US Comparison Table 2023
eToro USA	OANDA US
Review 4.1 eToro USA is #4 in our broker rankings.	Review 4.5 OANDA US is #5 in our broker rankings.
Traders from US accepted	Traders from US accepted
eToro is a social investing platform that offers stocks, ETFs, options, and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, this brand is highly respected. eToro securities trading is offered by eToro USA Securities, Inc.	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 regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.	CFDs are not available to residents in the United States.
Bonus Offer
Invest $100 and get $10
Promotions
eToro USA: Get A $10 Bonus When You Deposit $100
Comment by Reviewer
"eToro is a top pick for traders looking for social investing and copy trading. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer traders."	"OANDA is an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."
Pros
eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC The online broker offers an intuitive social investment network with straightforward copy trading on cryptos The $10 minimum deposit and straightforward account opening process means beginners can get started quickly A free demo account means new users and prospective traders can try the broker risk-free	Industry-leading charting platforms including MT4 and TradingView The OANDA web platform offers advanced price charts and graphs 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 Feature-rich app with 50 indicators, 11 drawing tools and 9 charting styles Wide selection of instruments including 68 forex pairs Transparent pricing structure with no hidden charges Low minimum deposit for beginners Fast and reliable order execution US clients accepted
Cons
Average fees may cut into the profit margins of day traders Narrower range of instruments than some competitors No MetaTrader 4 platform integration Execution speeds trail the fastest brokers	Customer support not available on the weekend
Awards
	Best US Broker 2023 - DayTrading.com 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
Stocks, Options, ETFs, Crypto	Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Trading Platforms
Own	MT4 TradingView AutoChartist
Payment Methods
ACH Transfer Debit Card PayPal Wire Transfer	ACH Transfer Debit Card Mastercard Visa Wire Transfer
Minimum Trade
$10	0.01 Lots
Regulator
SEC, FINRA	NFA, CFTC
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	No
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS, Android & Windows	iOS, Android + Web Trader
Auto Trading
Copy multiple traders simultaneously with the flexibility to pause and stop. Crypto only.	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
Mirror the positions and strategies of other traders with the eToro US copy trading service. Users can get started in three easy steps - select a trader, enter an amount, and hit copy. Crypto only.
Social Trading
Yes	No
Trade Signals
No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$0
Islamic Account
Yes	No
Account Currencies
USD	USD EUR GBP CAD AUD JPY CHF HKD SGD
Stock Exchanges
Dow Jones New York Stock Exchange S&P 500
Forex Trading
Forex trading not offered	OANDA offers 68 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 68 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.
GBPUSD Spread
	3.4
EURUSD Spread
NA	1.6
EURGBP Spread
	1.7
Assets
	65+
Cryptocurrency
eToro US leads the way in cryptocurrency trading. 1% fee for buying or selling crypto added to the spread (from 0.75% for BTC), with their own wallet service and the largest number of cryptos to trade in the market. eToro copy trading is only for cryptos. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.	Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Clients can spot trade cryptocurrencies on Paxos's itBit exchange through the OANDA platform via OANDA’s partnership with Paxos. Users can trade digital currencies in a few taps through the iOS and Android mobile app.
Spread
BTC 0.75%	$100
Coins
BTC ETH BCH DASH LTC ETC MIOTA XLM EOS NEO ZEC XTZ MKR COMP LINK UNI YFI DOGE AAVE ALGO MANA ENJ BAT MATIC FLR SHIBxM	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

Review	Review
https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.	CFDs are not available to residents in the United States.
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