Questrade vs Oanda

Questrade vs OANDA Comparison Table 2023
Questrade Review 2023	OANDA Review 2023
Review 3	Review 4.3
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
Questrade is an award-winning Canadian investment platform offering self-directed and pre-built portfolios. Investors can access a suite of tax-free savings accounts, retirement plans, income funds and more. Regulated by CIRO, Questrade is an established broker, trusted by new and experienced investors.	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.
Bonus Offer
5 commission-free trades
Comment by Reviewer
"Questrade is a top pick for Canadian clients with both long-term and short-term investment goals. The firm boasts competitive fees and a range of tax-efficient savings accounts."	"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."
Pros
Transparent pricing structure with stocks starting from 1 cent per share and portfolio management fees from 0.25% An impressive range of 17 accounts, suitable for both long-term investment goals, as well as short-term saving Easy account opening with no set-up fees and a choice of flexible portfolio types, depending on risk appetite Dual currency self-directed accounts in CAD and USD for convenient and fee-free investing across US and Canadian exchanges Excellent mobile trading app for active equity or options traders, with advanced charting and order types, plus a strategy builder tool Comprehensive learning centre with goal-tracking advice, platform tutorials and investment webinars Trusted firm with oversight from the CIRO	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
Cons
$1000 minimum deposit is high for beginners No fractional shares for lower entry requirements Canadian citizens accepted only No youth investment accounts	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
Awards
#1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study Seal of Service Excellence 2019 - DALBAR	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
Instruments
Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$1000	$0
Trading Platforms
Own	MT4 MT5 TradingView AutoChartist
Payment Methods
Visa	Credit Card Debit Card Mastercard Neteller Skrill Trustly Visa Wire Transfer
Minimum Trade
0.01 Lots	$0
Regulator
CIRO	FCA, ASIC, MFSA, MAS, CIRO, FFAJ, BVI
Margin Trading
No	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
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Yes	OANDA Trade, MT4
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
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
No	Yes
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
	USD EUR GBP CAD AUD JPY CHF HKD SGD
Stock Exchanges
Toronto Stock Exchange	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
Gold Silver	Copper Corn Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
Trade a good range of CFDs on commodities, indices and more. Questrade offers advanced mobile and web trading platforms with top research features including Morningstar and Trading Central.	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.
Leverage
1:3.33	1:30
FTSE Spread
N/A	1.0
GBPUSD Spread
2	1.4
Oil Spread
0.05	3.0
Stocks Spread
1 cent per share	Variable
Forex Trading
Access over 110 FX pairs with spreads from 0.8 pips and no inactivity fees. Seasoned traders can also unlock advanced market data packages with fee rebates and competitive pricing.	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.
GBPUSD Spread
2	1.4
EURUSD Spread
1.9	0.8
EURGBP Spread
2.1	0.9
Assets
110+	68
Cryptocurrency
Crypto trading not offered	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.
Spread
	$100
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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