Fidelity vs OANDA

Fidelity vs OANDA Comparison Table 2024
Fidelity	OANDA
Review 3.5	Review 4.3

Fidelity is a popular financial services firm that provides investment accounts and pensions with access to thousands of stocks, ETFs and mutual funds to clients based in the US, Europe and Asia. Fees vary by asset and account country, but are generally competitive, with zero-commission trading available on US stocks.	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
Bonus Offer
None
Comment by Reviewer
"Fidelity is a great match for long-term investors who want an affordable platform to build their pension or investment portfolios. The SEC and FCA oversight are also good signs that the brokerage is regulated and trustworthy."	"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
Excellent list of stocks and funds to choose from Very competitive pricing compared to largest rivals Good list of account types to suit various types of investor Uninvested cash is automatically put into a money market fund Trusted global brand with strong regulation from SEC & FCA Tax-efficient vehicles are available including ISAs	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 forex or CFD trading There is no demo account Less suitable for short-term day trading Presentation of data is overly complicated No trading platform for non-US clients The $1000 minimum deposit for international clients is high	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
Boring Money Best Buy 2021 – Pension Boring Money Best for Beginners Pension 2021 Boring Money Best for Beginners ISA 2021 Boring Money Best for Low - Cost Pension 2021 Online Personal Wealth Awards - Best Retirement Adviser 2021 Shares Awards 2020 - Best Execution-Only Stockbroker of the Year	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
ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices	CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting
Demo Account
No	Yes
Minimum Deposit
$0	$0
Trading Platforms
Own	OANDA Trade MT4 TradingView AutoChartist
Payment Methods
Automated Customer Account Transfer Service Credit Card Mastercard Visa Wire Transfer	Credit Card Debit Card Mastercard Neteller Skrill Trustly Visa Wire Transfer
Minimum Trade
£25	0.01 Lots
Regulator
FCA, SEC	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
Yes	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Fil Mobile App	OANDA Trade, MT4
Android App Rating
	3.7
iOS App Rating
	4.7
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
None
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
Yes	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$10
Islamic Account
No	No
Account Currencies
USD GBP	USD EUR GBP CAD AUD JPY CHF HKD SGD
Stock Exchanges
London Stock Exchange Nasdaq	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng London Stock Exchange Nasdaq Russell 2000 S&P 500
Commodities
	Copper Corn Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	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.
FTSE Spread
	1.0
GBPUSD Spread
	1.4
Oil Spread
	3.0
Stocks Spread
	12 (Apple Inc)
Forex Trading
Forex trading not offered	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
	1.4
EURUSD Spread
	0.8
EURGBP Spread
	0.9
Assets
	68
Cryptocurrency
Crypto trading not offered	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
	$100
Coins
	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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