Questrade vs Oanda
Questrade Review 2023 | OANDA Review 2023 |
---|---|
![]()
3
|
![]()
4.3
|
![]() |
![]() |
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 | |
|
|
Cons | |
|
|
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 | |
|
|
Payment Methods | |
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 | |
|
|
Stock Exchanges | |
Commodities | |
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 | |
|
|
Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
![]() |
![]() |
More Comparisons | |
Questrade vs |
OANDA vs |