Compare Vs OANDA: Which is the Better Forex Broker in 2024?
Vs OANDA, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Vs OANDA, here is the direct comparison:
Feature | OANDA |
General Rating |
3.11/5 |
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Score | 77 | 0 | |
Trustpilot |
3.6/5 544 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1996 | ||
💲 Min Deposit | $0 | ||
⚖ Max Leverage | 1:20 | ||
🔢 Spread | Fixed | ||
💸 Commissions | -$50/Mil commission for Core pricing | ||
💡 Min Position | 0.00001 lot |
💳 Payment | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | ||
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | English |
🚪 Trade Now | Open OANDA |
Testimonials
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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See More OANDA Testimonials
News
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Veteran Industry Leader Siju Daniel Joins ATFX Forex Broker as CCO
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USD/JPY Drifts Lower as Japan Suspected of Further Intervention
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Powell: Fed Won't Raise Interest Rates Despite High Inflation
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Axi UK: FY23 FX & CFD Revenue Doubles to $27.5 Million
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Exness Trading Volume Back on Track: Reaches $3.86 Trillion in March
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Eurozone Inflation Supports June Rate Cut
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Japan Injects $35 Billion to Boost Yen
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Axi Renews Partnership with Esporte Clube Bahia for 2024 Season
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Forex4you Rebrands as Markets4you, Signaling Global Expansion
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Yen Surges 500 Pips, Japan Suspected of Currency Intervention
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Guide to Key Economic Events of the United Kingdom
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Diversify Your Trades with eToro's Smart Portfolios
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, provides their pricing with spread while OANDA offers Fixed spread.
vs OANDA: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, enables trading with . The offer is supported with . In comparison, OANDA provides trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4 with the support of .
Is or OANDA better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, supports trading with , while OANDA presents the ability of trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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