General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
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.
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.
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.
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.
eToro offers 174 crypto assets for trading, while Oanda offers 18 crypto assets.
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.
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.
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