Oanda vs Trader’s Way
OANDA | Trader’s Way |
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4.5
OANDA is #4 in our broker rankings. |
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1.3
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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. |
Trader's Way is an offshore broker offering highly leveraged trading on dozens of forex pairs as well as cryptocurrencies and commodities through the MetaTrader 4, MetaTrader 5 and cTrader platforms. The broker has a decade of experience serving retail traders and provides 24/7 customer support. |
CFDs are not available to residents in the United States. | |
Bonus Offer | |
$5,000 welcome bonus with a deposit of $500 | 100% deposit bonus up to $5,000 |
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." | "Trader's Way is best for traders interested in social investing with a low starting deposit and crypto funding solutions." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex | Forex, cryptocurrencies, commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $10 |
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 | No |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
No | Yes |
cTrader | |
No | Yes |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
Autochartist | |
Yes | No |
eSignal | |
No | No |
Trading Central | |
No | No |
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 | |
No | No |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Mobile Apps | |
FxTrade, MT4 | Yes |
Auto Trading | |
EAs | Yes |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
Use market signals from experienced traders to start copy trading alongside established investors. cTrader in particular offers an easy way to start mirroring the strategies of other users. | |
Social Trading | |
No | Yes |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
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 | CFDs are available on metals, energies and cryptocurrency pairs with varying leverage and transparent fees. |
Leverage | |
1:30 EU, 1:200 Global | 1:1000 |
FTSE Spread | |
1.0 | N/A |
GBPUSD Spread | |
3.4 | 0.5 |
Oil Spread | |
3.0 | 0.1 |
Stocks Spread | |
Variable | N/A |
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. | 42 forex pairs are available with high leverage up to 1:1000 and support for three popular and powerful trading platforms. |
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. |
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GBPUSD Spread | |
3.4 | 0.5 |
EURUSD Spread | |
1.6 | 0.5 |
EURGBP Spread | |
1.7 | 0.6 |
Assets | |
70 | 42 |
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. | Traders can access nine crypto pairs including BTC/USD, ETH/USD and XRP/USD with leverage up to 1:20. However the selection is narrower than many rivals. |
Spread | |
$100 | Floating |
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. | |
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