Compare OvalX Vs OANDA: Which is the Better Forex Broker in 2024?
OvalX 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 OvalX Vs OANDA, here is the direct comparison:
Compare | OvalX | OANDA |
General Rating |
1.00/5 |
3.11/5 |
Score | ||
Trustpilot |
4.5/5 293 users |
3.6/5 544 users |
πΌ Regulation | ||
β Info | ||
β Established | 1965 | 1996 |
π² Min Deposit | $100 | $0 |
β Max Leverage | 1:400 | 1:20 |
π’ Spread | Variable | Fixed |
πΈ Commissions | -$50/Mil commission for Core pricing | |
π‘ Min Position | 0.01 lot | 0.00001 lot |
π³ Payment | Skrill, Wire transfer, Credit/debit cards, Neteller and UnionPay | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | Czech, Danish, English, Italian, Slovak | English |
πͺ Trade Now | Open OvalX | Open OANDA |
Compare Again
Testimonials
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OvalX: ETX Capital has been regulated by FCA in the UK,...
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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 OvalX Testimonials
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See More OANDA Testimonials
News
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Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
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OANDA Acquired Crypto Exchange Coinpass
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CySEC Exposed OANDA TMS Clone Website
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Rafal Slon Joins OANDA as Managing Director for Australia
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OANDA Japan Raised Margin Rate of AUD/JPY
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OANDA Adds CFDs Selection with New US and UK Stocks
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OANDA Starts Offering CFDs for UK and US Stocks
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OANDA Successfully Sponsored Traders Fair Thailand 2023
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OvalX Announces Closure, Clients Transferred to Capital.com
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See More Related OvalX News
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See More Related OANDA News
Article
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Guide to Choose the Best OANDA Platform
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Standard Account Comparison: IC Markets or OANDA?
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Forex Brokers in 2022: How OANDA Performed
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How to Open Account in OANDA
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All You Need to Know about OANDA Swap Free Account
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Forex.com or OANDA, Which is Better?
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Is OANDA a Good Broker for Beginners?
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Breaking Down OANDA's Tight Spreads
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What is OANDA Currency Converter and How to Use It
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See More Related OANDA Article
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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, OvalX provides their pricing with Variable spread while OANDA offers Fixed spread.
OvalX 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, OvalX enables trading with ETX TraderPro, MetaTrader 4. The offer is supported with Trailing stop, Pending orders. In comparison, OANDA provides trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4 with the support of .
Is OvalX 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, OvalX supports trading with Forex, Spread betting, Crypto, 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.
Looking for more references? Here are other comparisons related to OvalX and OANDA:
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- Compare OvalX vs Dukascopy
- Compare OANDA vs eToro
- Compare OANDA vs FBS
- Compare OANDA vs Blaze Markets
For more comparisons, visit this page.