Oanda vs OspreyFX
OANDA | OspreyFX |
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4.5
OANDA is #4 in our broker rankings. |
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3
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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 | |
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Cons | |
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Awards | |
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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 | |
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 | |
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Stock Exchanges | |
Commodities | |
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 | |
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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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CFDs are not available to residents in the United States. | |
More Comparisons | |
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