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eToro vs Oanda: Comparison and Analysis

Trying to figure out whether to use Etoro or Oanda? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of Etoro and Oanda side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
77% of retail investor accounts lose money
eToro review
Open Account
CFDs are not available to residents in the United States
Oanda review

Overall Ratings


Rated
77
Rated
80

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • eToro
  • Oanda

Security 95
Security 94

Cost 70
Cost 73

Trading 68
Trading 71

Education 64
Education 80

Company Info


Foundation
2007
1996
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it
en, de, es, fr, ru, it, chi

Leverage


Non-EU Leverage ?
30:1
50:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
1:1
50:1
Canadian Leverage ?
N/A
50:1

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
5529
10515
SimilarWeb - Total Visits
22900
8370000
Facebook Likes
4691
66508
Twitter Likes
120000
18400
Instagram Likes
88000
562

Deposit and Withdrawal


Minimum Deposit ?
10 USD
Minimum Withdraw ?
50
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
UnionPay, Rapid Transfer, Sofort
Deposit Waiting Time ?
up to 10 minutes
1-2 business days
Withdraw Waiting Time ?
1 business day
1-2 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
USD
USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
5.0
3.0
Natural Gas ?
10.0
0.6
Silver ?
5.0
277.0
Platinum ?
35.0
833.4
Copper ?
2.0
Soybeans ?
1.0
Corn ?
2.0
Gold ?
45.0
205.6

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
1
0.1
USD/JPY Average Spread
1
0.2
USD/CHF Average Spread
1.5
0.2
GBP/USD Average Spread
2
0.2
USD/CAD Average Spread
1.5
0.2
AUD/USD Average Spread
1.0
0.2
NZD/USD Average Spread
2.5
0.2
EUR/GBP Average Spread
2
0.2

Fees on Stocks


Apple
0.0
Facebook
0.0
Alphabet
0.0
Snapchat
0.0
BP
0.0
Tesco
0.0
Barclays
0.0
Lloyds
0.0

Fees on Indices


FTSE100
150
0.8
S&P500
75
0.3
Dow Jones
Nasdaq
100
0.5
CAC40
200
1.2
DAX30
200
0.9
Nikkei 225
1000
Euro Stoxx 50
300
0.9

Fees on Cryptocurrencies


Bitcoin
1,00%
0
Ethereum
1,00%
0
Ripple
1,00%
0
Litecoin
1,00%
0
Bitcoin Cash
1,00%
0
Dash
1,00%
0
Monero
1,00%
0
Neo
1,00%
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, it
en, de, es, fr, ru, ko, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
47
55
Crypto ?
47
55
Commodities ?
47
31
Stocks ?
957
Indices ?
13
16
ETF ?
145
Futures ?
Options ?
Bonds ?
6
Metal ?
4
5
Agricultural ?
3
4
Energies ?
2
3
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
19
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Crypto, ETF, Penny Stocks, Stocks

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
10$
0.00001 lots
Maximum Trade Size ?
20% of the equity
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
67
51
Number Chart Drawing Tools ?
14
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ru
en, de, es, ru, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

Security and Rating

Both eToro and Oanda are highly regulated, but eToro has fewer regulations than Oanda. eToro is regulated by CySEC, ASIC, and FCA, while Oanda is regulated by ASIC, MAS, FSA, FCA, NFA, IIROC, and BVI. eToro has a security rating of 95, which is slightly higher than Oanda’s rating of 94.

Demo Account

Both eToro and Oanda offer unlimited demo accounts with virtual funds of $100,000. The virtual funds of the demo accounts can be restored by contacting customer support.

Minimum Deposit

eToro has a higher minimum deposit requirement than Oanda. eToro requires a minimum deposit of $200 for most countries, while Oanda has no minimum deposit requirement.

Social Trading and Copy Trading

eToro is the best player at offering copy and social trading, while Oanda offers copy trading through third-party platforms such as Tradingview. eToro’s social trading service is provided via their proprietary platform.

CFD and Forex Trading

eToro offers a range of CFD trading options, including forex, commodities, indices, crypto assets, stocks, and ETFs. Oanda offers every asset via CFD, making the broker an excellent choice for short-term investment. European traders can access real stocks as well.

Stock Market

eToro offers over 1,050 stocks and 290 ETFs for trading, while Oanda offers over 1,600 stocks and 40 ETFs. eToro offers zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10.

Cryptocurrency Trading

eToro offers 174 crypto assets for trading, while Oanda offers 18 crypto assets.

Platforms

eToro’s proprietary platform is available via web and mobile devices and is user-friendly, specialized in copy and social trading. Oanda offers the Oanda Trade Platform, which is available via desktop, web, and mobile, as well as MT4 and MT5 available via webtrader, desktop, and mobile.

Education

Both eToro and Oanda offer a range of educational resources for traders. eToro provides high-quality education material, including blog articles, fintech guides, and trading videos, webinars, and seminars. Oanda offers a range of technical and fundamental analysis tutorials, webinars, and events.

In conclusion, both eToro and Oanda offer a range of features and benefits for traders. eToro is a good choice for traders who want to invest in a range of CFD trading options, including forex, commodities, indices, crypto assets, stocks, and ETFs, as well as for long-term investments. eToro’s social trading service is also a standout feature. Oanda is a good choice for traders who want to invest in every asset via CFD, making the broker an excellent choice for short-term investment. Ultimately, the choice between the two brokers will depend on your individual needs and preferences.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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