Oanda vs Trader’s Way

OANDA vs Trader's Way Comparison Table 2023
OANDA	Trader’s Way
Review 4.5 OANDA is #4 in our broker rankings.	Review 1.3
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.	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
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	Tight spreads starting from zero and low commissions Good selection of trading platforms including MT4 Social trading with MetaQuotes and FxStat Decent range of 40+ currency pairs Low deposit of $10 for beginners High leverage up to 1:1000 VPS for active traders Free demo account
Cons
Stock trading not available in all countries Customer support not available on the weekend	Legal disputes under the State of Missouri Unregulated status raises safety concerns Lack of educational materials Limited non-FX instruments Complaints about payments No US or UK clients accepted Stock trading not available
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, cryptocurrencies, commodities
Demo Account
Yes	Yes
Minimum Deposit
$0	$10
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits	Bitcoin Payments Credit Card Ethereum Payments FasaPay Mastercard Neteller PayRedeem Perfect Money Skrill Visa Wire Transfer
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
USD EUR GBP CAD AUD JPY CHF HKD SGD
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
Commodities
Copper Corn Gold Palladium Platinum Silver Wheat	Gold Silver
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.
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
BTC ETH LTC BCH PAXG LINK MATIC UNI AAVE SOL	BTC BCH ETH LTC DSH XMR ZEC ETC XRP
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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