OANDA vs ZuluTrade

OANDA vs ZuluTrade Comparison Table 2023
OANDA Review 2023	ZuluTrade Review 2023
Review 4.3	Review 4.1
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.	ZuluTrade provides social and copy trading services across forex, indices, stocks, cryptocurrencies, commodities and more. Over 90,000 traders are available to follow and the firm has picked up multiple awards. ZuluTrade is part of the Finvasia Group and is regulated in the EU, South Africa, Japan and Mauritius.
Comment by Reviewer
"OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best in class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget."	"We recommend ZuluTrade for investors interested in joining one of the world's largest and best-performing social trading networks. The platform is user-friendly and clients can copy trade in a variety of popular financial markets."
Pros
Oversight from tier-one regulators make the broker a reliable and trustworthy broker The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives We found the OANDA web platform easy to learn and rated the sophisticated charting tools The brand has an excellent reputation and 25 years experience with a string of awards No restrictions on trading strategies with scalping, hedging and netting permitted The $0 minimum deposit will appeal to newer traders With 68 forex pairs the broker will serve active forex traders Spreads are tight and there are zero hidden fees	Many global affiliate brokers Reliable and easy-to-use mobile app Access to popular cryptocurrencies including Bitcoin Free and fully functioning demo account, perfect for beginners Wide range of performance indicators and graphs to help evaluate traders More than 90,000 traders to follow and copy which could result in greater earnings Users can comment directly on traders’ profile pages, helping to hold traders to account while creating an effective review process Some social trading networks only give you access to the last 50 or 100 traders, but all historical trades are available at ZuluTrade Only view the top traders who comply with stringent criteria, demonstrating consistent and reliable performance
Cons
There is a narrow range of payment methods with no PayPal High-volume traders get limited fee rebates or perks Weekend customer support isn't available Social and copy trading tools aren't supported	Some inconsistent traders to be aware of Employing an effective money management system can be difficult for beginners Traders are not formally vetted. The ZuluGuard™ feature does mitigate this risk however, removing traders and/or withholding fees where appropriate
Awards
Best Trading Tools winner 2021 - Online Personal Wealth Awards Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex Voted Most Popular Broker 2021 - TradingView Broker Awards Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards	Best Social Trading Solution at UF Awards 2022 Best Social Wealth Management Platform at Forex Expo Dubai in October 2022 Best Social Trading Solution Award at iFX EXPO Dubai 2023
Instruments
Stocks, Spreadbetting, CFD, Forex, Crypto	CFDs, Forex, Stocks, Cryptos, Commodities, Indices
Demo Account
Yes	Yes
Minimum Deposit
$0	Broker Dependant ($100 Minimum Balance)
Trading Platforms
MT4 MT5 TradingView AutoChartist	MT4 MT5 ActTrader
Payment Methods
Credit Card Debit Card Mastercard Neteller Skrill Trustly Visa Wire Transfer	Credit Card Debit Card Mastercard PayPal Visa Wire Transfer
Minimum Trade
$0	$1
Regulator
FCA, ASIC, MFSA, MAS, CIRO, FFAJ, BVI	HCMC & General Japan Investment Advisers Association
Margin Trading
Yes	Yes
Margin Rate
2%
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
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
OANDA Trade, MT4	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	ZuluTrade are market leaders in automated trading. From scripts to auto execution APIs and copy trading.
Copy Trading
No	Yes
Copy Trading Platform
	Investors can follow the strategies and positions of 90,000+ traders spanning a range of financial markets. ZuluTrade is one of the top-rated and regulated copy trading platforms globally, with multiple industry awards, an excellent reputation and a suite of risk management tools and real-time analysis features.
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
$0
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 S&P 500
Commodities
Copper Corn Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat	Gold Oil Silver
CFD Trading
Speculate on popular financial assets covering forex, commodities, indices, metals and bonds. Clients can trade CFDs on the award-winning MT4 platform or the firm's beginner-friendly web trader.	Invest in traditional and emerging markets in line with your broker's supported CFD assets. Go long or short with leverage. Traders can also utilize technical analysis tools and create Expert Advisors using ZuluScript.
Leverage
1:30	Broker Dependent
FTSE Spread
1.0	Broker dependent
GBPUSD Spread
1.4	Broker dependent
Oil Spread
3.0	Broker dependent
Stocks Spread
Variable	Broker dependent
Forex Trading
OANDA offers 68 currency pairs, more than most forex brokers, covering majors, minors and exotics. The OANDA Trade platform also offers powerful technical analysis tools while average execution speeds are fast at 12 ms.	Clients can speculate on an extensive list of currencies, dependant on the partner broker. 24/5 customer service is available to support new users. Traders can also practice forex analysis techniques and browse leaders in the free demo account.
GBPUSD Spread
1.4	Broker dependent
EURUSD Spread
0.8	Broker dependent
EURGBP Spread
0.9	Broker dependent
Assets
68	500+
Cryptocurrency
OANDA offers trading on leading cryptocurrencies, including Bitcoin. We rate the low fees which start at 0.25% and that you can place trades in the app hassle-free.	ZuluTrade works with a range of brokers that deliver trading on a huge range of cryptos. Copy the trades on some of the most popular cryptocurrencies in the world, including Bitcoin and Ethereum and stay up to date with ZuluTrade's integrated crypto news.
Spread
$100	Broker dependent
Coins
BTC ETH LTC BCH PAXG LINK UNI AAVE
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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