Q8 Trade vs Skilling

OANDA vs Skilling Comparison Table 2022
Q8 Trade vs Skilling Skilling
WINNER
OANDA is the better broker
4.5
United States Flag Traders from US accepted
4.7
United States Flag Traders from US not accepted
OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus Skilling are an exciting brand, regulated in Europe and beyond, offering 900+ instruments across 7 asset classes and spreads from 0.2 pips.
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Awards
  • 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)
Promotions

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Bonus
$5,000 welcome bonus with a deposit of $500 $100 Deposit Bonus (FSA clients only)
Instruments
Forex CFD, Forex, Stocks, Indices, Commodities, Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$0 100 EUR/USD/GBP or 1000 NOK/SEK
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits
Minimum Trade
$0 0.01 Lots or 1 Share
Regulator
CFTC, NFA CySEC, FSA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
Yes No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No No
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
FxTrade, MT4 iOS and Android + browser-based platforms
Auto Trading
EAs Yes - through MT4
Copy Trading
No Yes
Copy Trading Platform
Copy trading is available through Skilling Copy. 1000+ strategies can be copied. Strategy providers can generate an additional revenue stream.
Social Trading
No Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
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
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade a long list of financial assets with leveraged CFDs and tight spreads.
Leverage
1:30 EU, 1:200 Global 1:30 (EU), 1:500 (Global)
FTSE Spread
1.0 from 1.5 pts
GBPUSD Spread<
3.4 from 0.2 pips
Oil Spread
3.0 from 0.4 pips
Stocks Spread
Not offered from 0.1%
Forex Trading
Take positions on major, minor and exotic currency pairs with competitive trading conditions. Skilling offer Standard and Premium accounts with competitive leverage and spreads across a wide range of major, minor and exotic forex 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.

GBPUSD Spread
3.4 from 0.2 pips
EURUSD Spread
1.6 from 0.2 pips
EURGBP Spread
1.7 from 0.2 pips
Assets
70 73 (platform dependent)
Cryptocurrency
Crypto trading not offered Trade 57 crypto pairs via leveraged CFDs. Cryptocurrency trading is not available to traders in the UK and China.
Spread
$100 Starting from 0,001 (BTC is 0,5)
Coins
  • BTC
  • ETH
  • BTC
  • ETH
  • LTC
  • XRP
  • DOGE
  • DOT
  • ADA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No Yes
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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