Oanda vs SimpleFX

OANDA vs SimpleFX Comparison Table 2023
OANDA	SimpleFX
Review 4.5 OANDA is #4 in our broker rankings.	Review 4.2
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.	SimpleFX is a CFD broker offering the popular MT4 platform plus its own SFX WebTrader platform. Account holders benefit from low trading fees with tight spreads.
CFDs are not available to residents in the United States.
Bonus Offer
$5,000 welcome bonus with a deposit of $500
Promotions
	Sign Up With SimpleFX For A $2500 Instant Deposit Bonus
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	API & VPS Ethereum staking No minimum deposit Fast customer support Beginner-friendly platform Multi-currency single account
Cons
Stock trading not available in all countries Customer support not available on the weekend	Unregulated MetaTrader 5 Limited non-crypto funding methods
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)	The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw Best Mobile App 2020 - Rankia Awards The Best Trading Platform, Finance World Expo 2019 - Zug Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
Instruments
Forex	Forex, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits	Bitcoin Payments Credit Card Ethereum Payments FasaPay Neteller Skrill
Minimum Trade
$0	0.01 Lots
Regulator
CFTC, NFA
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
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	No
DMA Account
No	Yes
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	Yes
Negative Balance Protection
No	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
FxTrade, MT4	iOS, Android + Web Trader
Auto Trading
EAs	Yes
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
	3%
Islamic Account
No	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF HKD SGD	USD EUR GBP
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	Australian Securities Exchange CAC 40 Index France Dow Jones Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
Copper Corn Gold Palladium Platinum Silver Wheat	Gold Natural Gas Silver
CFD Trading
CFD trading not offered	Leveraged CFD products are available in multiple financial markets.
Leverage
1:30 EU, 1:200 Global	1:500
FTSE Spread
1.0	1.3
GBPUSD Spread
3.4	1.2
Oil Spread
3.0	0.03
Stocks Spread
Variable	Variable
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.	Trade currency pairs with tight spreads and 1:500 leverage.
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.
GBPUSD Spread
3.4	1.2
EURUSD Spread
1.6	0.9
EURGBP Spread
1.7	0.9
Assets
70	60
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.	Trade crypto and US Dollar CFDs.
Spread
$100	From 0.0001
Coins
BTC ETH LTC BCH PAXG LINK MATIC UNI AAVE SOL	BTC BHC LTC ETH ETC XRP LNK WAV XTZ YFI ADA DOT EOS NEO BNB XMR
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

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