Oanda vs FTX
| OANDA | FTX |
|---|---|
4.3
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0.3
FTX is #33 in our crypto broker rankings.
FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.
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 Traders from US not accepted
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Traders from US accepted |
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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. |
FTX is a cryptocurrency exchange that offered a vast array of derivatives products and digital tokens. However, the company collapsed and filed for bankruptcy on November 11, 2022 after a wave of withdrawals revealed that the firm has mismanaged client funds and did not have sufficient liquidity. |
| Comment by Reviewer | |
| "Based on tests, 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." | "We don't recommend FTX to crypto investors. The disgraced cryptocurrency exchange failed its customers and its CEO, Sam Bankman Fried, has been arrested." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, Stocks, Commodities, Indices, Bonds, ETFs, Crypto, Spread Betting | Futures, Options, Crypto |
| Demo Account | |
| Yes | No |
| Minimum Deposit | |
| $0 | $1 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $0 | $1 |
| Regulator | |
| FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI | |
| Margin Trading | |
| Yes | 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 | |
| Yes | No |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| OANDA Trade, MT4 | iOS & Android |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Yes |
| 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 | No |
| Guaranteed Stop Loss | |
| Yes | No |
| Inactivity Fee | |
| $10 | |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| 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 a comprehensive range of technical analysis tools in the MT4 and OANDA Trade platforms. | CFD trading not offered |
| Leverage | |
| 1:30 (UK), 1:200 (EU) | |
| FTSE Spread | |
| 1.0 | |
| GBPUSD Spread | |
| 1.4 | |
| Oil Spread | |
| 3.0 | |
| Stocks Spread | |
| Variable | |
| Forex Trading | |
| 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. | 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. 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 market volatility. | FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin. |
| Spread | |
| $100 | Variable |
| Coins | |
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| Crypto Lending | |
| No | Yes |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | Yes |
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| More Comparisons | |
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OANDA vs |
FTX vs |