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InvestinGoal » AvaTrade vs Oanda: Comparison and Analysis

AvaTrade vs Oanda: Comparison and Analysis

Written by Filippo Ucchino Publication Date Last Updated
Our verdict · CFD trading

AvaTrade and Oanda are two great brokers in the UK for scalping and automated trading. However, AvaTrade is the better choice if you are looking for cTrader, options trading next to the futures both brokers cover, and more account base currencies (six against one). It works as a copy and social trading platform, with fixed-spread accounts, Islamic accounts, faster deposits (same day against 2 days), and faster withdrawals (1 day against 2 days). Oanda, on the other hand, is better because it has a lower EUR/USD cost (4.75 USD per lot against 9.00 USD) and a lower minimum deposit (none against 100.00 USD). Oanda runs TradingView, allows VPS hosting, and opens raw spread and professional accounts. Oanda is regulated in the UK by the FCA, while AvaTrade has no UK licence and is regulated by the CBI (Ireland), ASIC, CIRO and the JFSA. Both brokers offer CFDs on commodities, forex, indices and stocks, provide a demo account, open corporate accounts, allow hedging, and stay close on tradable symbols (AvaTrade 1,250, Oanda 1,500).

AvaTrade

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Not regulated in your country AvaTrade has no licence from the regulator of the country this site is for, so local investor protections do not apply.
AvaTrade review ›
82CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

76% of retail investor accounts lose money when trading CFDs with this provider.

Oanda

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Regulated in your country Oanda holds a licence from the regulator of the country this site is for, so local investor protections apply.
Oanda review ›
82CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

76.6% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders AvaTrade and Oanda are best suited to, based on what each one actually offers in United Kingdom.
1 / 12

AvaTrade is better than Oanda for crypto traders and options traders, while Oanda is better for algo traders. Professional traders, scalpers and swing traders can choose either AvaTrade or Oanda.

Best for
Overall score AvaTrade 82 Oanda 82
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise AvaTrade and the ones that supervise Oanda.
2 / 12

Only Oanda is regulated in the UK, by the FCA. AvaTrade holds no licence in the UK and is regulated by CBI Ireland, ASIC (Australia) and the CIRO (Canada).

Regulation
Section score AvaTrade 100 Oanda 100
Tier-1 regulators
ESMA (European Union) i CBI (Ireland)
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that AvaTrade and Oanda have in place to protect your money in United Kingdom.
3 / 12

Both AvaTrade and Oanda offer segregated client funds and two-factor authentication. AvaTrade also offers additional money insurance. Oanda also offers an investor compensation scheme.

Safety
Section score AvaTrade 74 -5 Oanda 79 Best
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2006 1996
Parent company i Ava Trade Ltd OANDA Group
CEO i Dáire Ferguson Gavin Bambury
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i National Westminster Bank, J.P. Morgan SE N/A
Brand power
Number of customers worldwide i 9,000,000
Annual revenue i USD 16,900,000
Monthly website search traffic i

Costs

What we compare A comparison of what it costs to trade with AvaTrade and with Oanda in United Kingdom, both on each trade and on holding the account.
4 / 12

Oanda is better than AvaTrade for costs, as Oanda is cheaper on EUR/USD, at 4.75 USD per lot (against AvaTrade's 9 USD), has tighter S&P 500 CFD spreads, at 0.49 points (against AvaTrade's 0.5 points), and charges lower US stock CFD fees, at 0.06 USD (against AvaTrade's 2.6 USD). Neither AvaTrade nor Oanda charges account maintenance fees or deposit fees.

Costs
Section score AvaTrade 61 -14 Oanda 75 Best
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i Free Free
EUR/USD average standard spread i
0.9 pips
0.85 pips
EUR/USD average raw spread i
0.1 pips
EUR/USD average fixed spread i
0.9 pips
EUR/USD total cost per lot i USD 9 USD 4.75
S&P 500 fees (CFD) i 0.5 points 0.49 points
Gold fees (CFD) i 0.37 points 0.57 points
Bitcoin fees (CFD) i
US stocks fees (CFD) i USD 2.6 USD 0.06
Fees on stocks
Stock fee type i Percentage, Spread Percentage
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i USD 1.75
Platform fees i
Fees on options
Options fees per contract i Free
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with AvaTrade and with Oanda in United Kingdom, and of how many instruments each one gives access to.
5 / 12

AvaTrade and Oanda are equally good for available markets, as AvaTrade offers futures on commodities and indices, and offers options on forex. On the other hand, Oanda gives access to 1,500 tradable symbols (against AvaTrade's 1,250). Both AvaTrade and Oanda offer CFDs on commodities, crypto, forex, indices and stocks, and offer futures on crypto and forex.

Available markets
Section score AvaTrade 100 Oanda 100
Total tradable symbols i 1,250 1,500
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i Commodities, Crypto, Forex, Indices Crypto, Forex
Options i Forex
Assets you can own i

Platform

What we compare A comparison of the trading platforms that AvaTrade and Oanda make available to their clients in United Kingdom.
6 / 12

AvaTrade is better than Oanda for platforms, given that AvaTrade offers cTrader, social trading and copy trading, which Oanda does not. Both AvaTrade and Oanda offer a proprietary platform and MetaTrader 5.

Platform
Section score AvaTrade 94 Best Oanda 91 -3
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of AvaTrade and Oanda in United Kingdom, and of what each one lets you do from your phone.
7 / 12

AvaTrade is better than Oanda for mobile trading, as AvaTrade offers mobile trading signals, which Oanda does not. AvaTrade and Oanda both offer a proprietary mobile app and the MetaTrader 5 app.

Mobile
Section score AvaTrade 93 Best Oanda 86 -7
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that AvaTrade and Oanda allow on their platforms in United Kingdom.
8 / 12

Oanda is better than AvaTrade for trading features, since Oanda offers negative balance protection and tier-1 liquidity providers, which AvaTrade does not, and allows for automated trading. Both AvaTrade and Oanda offer trailing stops and API access.

Trading features
Section score AvaTrade 71 -12 Oanda 83 Best
Trade execution
Broker type i Agency Agency
Average execution time i
Slippage occurrence i
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 25:1 30:1
Minor/Exotic FX pairs leverage i 20:1 20:1
Major indices leverage i 20:1 20:1
Minor indices leverage i 10:1 10:1
Gold leverage i 20:1 20:1
Commodities leverage i 10:1 10:1
Equities leverage i 5:1 5:1
Cryptocurrency leverage i 2:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at AvaTrade and at Oanda in United Kingdom, and of who each one is meant for.
9 / 12

AvaTrade is better than Oanda for account types, because AvaTrade offers an Islamic account, a copy trading account and a swap-free account, which Oanda does not. Both AvaTrade and Oanda offer a demo account and a professional traders account.

Account types
Section score AvaTrade 65 Best Oanda 53 -12
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with AvaTrade and with Oanda in United Kingdom.
10 / 12

AvaTrade is better than Oanda for account opening, as AvaTrade offers 6 account base currencies (against Oanda's 1), credits deposits faster, within the same day (against Oanda's 2 days), and pays out withdrawals faster, within 1 day (against Oanda's 2 days). However, Oanda does not require a minimum deposit at all (against AvaTrade's 100 USD).

Account opening
Section score AvaTrade 72 Best Oanda 65 -7
Minimum deposit i USD 100 USD 0
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i
Local payment methods i
Account base currencies i AUD, EUR, GBP, JPY, USD, ZAR USD
Deposit waiting time i Instant up to 2 business days
Withdrawal waiting time i up to 1 business days up to 2 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of AvaTrade and Oanda in United Kingdom, in how it can be reached and how fast it answers.
11 / 12

AvaTrade is better than Oanda for customer care, because AvaTrade offers customer support in 22 languages (against Oanda's 5), and has a website in 22 languages (against Oanda's 7). AvaTrade and Oanda both offer phone support and live chat.

Customer care
Section score AvaTrade 67 Best Oanda 46 -21
Number of languages supported i 22 7
Website languages i Afrikaans, Arabic, German, English, Finnish, French, Hungarian, Indonesian, Italian, Korean, Mongolian, Malay, Dutch, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, Urdu, Chinese German, English, French, Italian, Russian, Spanish, Chinese
Website available in English i
Customer support languages i Afrikaans, Arabic, German, English, Finnish, French, Hungarian, Indonesian, Italian, Korean, Mongolian, Malay, Dutch, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, Urdu, Chinese German, English, Russian, Spanish, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that AvaTrade and Oanda provide to their clients in United Kingdom.
12 / 12

AvaTrade is better than Oanda for learning, given that AvaTrade offers daily market commentary, which Oanda does not. Both AvaTrade and Oanda offer education for advanced traders and webinars.

Learning
Section score AvaTrade 83 Best Oanda 80 -3
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
AvaTrade
Open Account 76% of retail investor accounts lose money when trading CFDs with this provider.
Oanda
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

AvaTrade vs Oanda: which one should you choose?

AvaTrade

CFD Choose AvaTrade if you want a CFD and forex broker for copy and social trading, with cTrader and several account base currencies.

Open Account 76% of retail investor accounts lose money when trading CFDs with this provider.
Oanda

CFD Choose Oanda, regulated in the UK by the FCA, if you want an online CFD broker with low trading costs, no minimum deposit and VPS hosting.

Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.

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