Oanda vs E-Trade
OANDA Review 2023 | E-Trade Review 2023 |
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4.3
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3.3
E-Trade is #36 in our broker rankings. |
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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 has proven 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. |
E-trade is a one-stop shop that provides both investment and trading opportunities to clients through four proprietary platforms and apps. The firm has decades of experience and is authorized by the SEC. Investors can benefit from ready-made portfolios or open a do-it-yourself account to choose from stocks, funds, ETFs, futures and bonds; traders can access margin trading on stocks, options and futures. |
Bonus Offer | |
Commission Free Trades | |
Comment by Reviewer | |
"OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best in class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget." | "E-trade provides great service to anyone who wants to grow their wealth both through long-term investments and shorter-term trading, thanks to a diverse and flexible range of products. " |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, Spreadbetting, CFD, Forex, Crypto | Stocks, Futures, E-minis, Options |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $500 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$0 | $10 |
Regulator | |
FCA, ASIC, MFSA, MAS, CIRO, FFAJ, BVI | SEC |
Margin Trading | |
Yes | No |
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 | Yes |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Mobile Apps | |
OANDA Trade, MT4 | iOS, Android and Windows |
Auto Trading | |
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 | Yes |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Speculate on popular financial assets covering forex, commodities, indices, metals and bonds. Clients can trade CFDs on the award-winning MT4 platform or the firm's beginner-friendly web trader. | CFD trading not offered |
Leverage | |
1:30 | |
FTSE Spread | |
1.0 | N/A |
GBPUSD Spread | |
1.4 | N/A |
Oil Spread | |
3.0 | 0.06 pips |
Stocks Spread | |
Variable | 0.2% Var |
Forex Trading | |
OANDA offers 68 currency pairs, more than most forex brokers, covering majors, minors and exotics. The OANDA Trade platform also offers powerful technical analysis tools while average execution speeds are fast at 12 ms. | Forex trading not offered |
GBPUSD Spread | |
1.4 | |
EURUSD Spread | |
0.8 | |
EURGBP Spread | |
0.9 | |
Assets | |
68 | |
Cryptocurrency | |
OANDA offers trading on leading cryptocurrencies, including Bitcoin. We rate the low fees which start at 0.25% and that you can place trades in the app hassle-free. | Crypto trading not offered |
Spread | |
$100 | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
OANDA vs |
E-Trade vs |