Oanda vs OspreyFX

OANDA vs OspreyFX Comparison Table 2023
OANDA	OspreyFX
Review 4.5 OANDA is #4 in our broker rankings.	Review 3
Traders from US accepted	Traders from US not accepted
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 authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.	OspreyFX is an offshore forex and CFD broker with a range of tradeable assets, competitive leverage rates and access to the MT4 and MT5 trading platforms.
CFDs are not available to residents in the United States.
Bonus Offer
$5,000 welcome bonus with a deposit of $500	20% Discount [DayTrading.com Exclusive]
Comment by Reviewer
"We recommend OANDA for traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick for US traders with authorization from local regulators and a secure trading environment."
Pros
Industry-leading platforms including MT4 and TradingView 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 The OANDA web platform offers advanced charts plus guaranteed stop-loss orders (GSLOs) Feature-rich app with 50 indicators, 11 drawing tools and 9 charting styles Wide selection of instruments including 70+ forex pairs Transparent pricing structure with no hidden charges Low minimum deposit for beginners US clients accepted	Full range of investments MetaTrader 4 integration Low minimum deposit Demo account
Cons
Stock trading not available in all countries Customer support not available on the weekend	Weak regulation No copy trading
Awards
Best US Broker 2023 - DayTrading.com Best Trading Tools winner (Online Personal Wealth Awards 2021) Awarded highest overall client satisfaction (Investment Trends 2021 US Leverage Trading Report, Margin Forex) Awarded highest client satisfaction for mobile platform/app (Investment Trends 2021 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
Forex	Forex, Cryptos, Indices, Stocks, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$0	$50
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits	Bitcoin Payments Credit Card Debit Card PayRedeem Wire Transfer
Minimum Trade
$0	0.01 lots
Regulator
CFTC, NFA
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
Yes	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
No	Yes
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
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
FxTrade, MT4	iOS & Android
Auto Trading
EAs	EAs (MT4 & MT5)
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD JPY CHF HKD SGD	USD EUR GBP CAD AUD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng London Stock Exchange Nasdaq Russell 2000	CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities
Copper Corn Gold Palladium Platinum Silver Wheat	Copper Gold Natural Gas Oil Platinum Silver
CFD Trading
CFD trading not offered	OspreyFX offers CFDs on forex, commodities, stocks, cryptos and indices.
Leverage
1:30 EU, 1:200 Global	1:500
FTSE Spread
1.0	0.5 pts
GBPUSD Spread
3.4	0.8 pips
Oil Spread
3.0	0.09 pips
Stocks Spread
Variable	0.4 pips
Forex Trading
OANDA offers over 70 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.	OspreyFX offers clients more than 50 major, minor and exotic currency pairs.
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 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.	The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download.
GBPUSD Spread
3.4	0.8 pips
EURUSD Spread
1.6	0.5 pips
EURGBP Spread
1.7	0.8 pips
Assets
70	53
Cryptocurrency
Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Users can also trade digital currencies in a few taps through the iOS and Android mobile app.	OspreyFX offers a selection of crypto coins paired with USD.
Spread
$100	Variable
Coins
BTC ETH LTC BCH PAXG LINK MATIC UNI AAVE SOL	BTC DASH EDO EOS ETH IOTA LTC NEO OMG SAN XMR XRP ZEC DOGE
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
CFDs are not available to residents in the United States.
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