Compare Alpaca Trading vs Oanda

Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Oanda!

Alpaca Trading vs Oanda
open account	Visit broker	Visit broker 73.5% of retail CFD accounts lose money
overall rating	4.6	4.4
overall pros	Great API trading service Free stock & ETFs Fantastic charting tools	Low trading fees Great trading platforms Outstanding research tools
overall cons	Customer support limited to email Limited deposit and withdrawal options Only US stocks and ETFs available	Only FX and CFD available No stock exchange listing and banking background Withdrawal fee can be high
fees	4.9 Commission-Free Stock and ETF Trading No inactivity fee No withdrawal fee	2.9 Low trading fees Low forex fees First credit/debit card withdrawal per month is free High withdrawal fee for bank transfers
account opening	4.8 Fast Fully digital No minimum deposit Bit complex process for integrating third-party tools	4.4 Fully digital No minimum deposit
deposit and withdrawal	1.8 Free withdrawal No deposit fee User-friendly Credit/Debit card not available Only one account base currency High withdrawal fee for wire transfers	4.2 Credit/Debit card available Free withdrawal No deposit fee High withdrawal fee for bank transfers and PayPal
web trading platform	3.7 User-friendly Two-step (safer) login Modern design No price alerts Limited customizability Limited search function	4.5 User-friendly Clear fee report Two-step (safer) login No price alerts
mobile trading platform	4.2 User-friendly Two-step (safer) login Order confirmation Poor search function No price alerts No Touch/Face ID login	5.0 User-friendly Two-step (safer) login Good search function No Touch/Face ID login
desktop trading platform	Limited order types	4.5 User-friendly Clear fee report Good customizability (for charts, workspace) No price alerts
markets and products	2.0 Stock ETF	1.6 Forex CFD
research	5.0 Access to highly functional API Great charting tools Data on asset fundamentals No trading ideas	5.0 Good interactive chart Data on asset fundamentals Quality news flow Great API No trading ideas Research tools are poorly organized
customer service	1.9 Great Slack and community forums Email support No phone support No live chat Mediocre email support	4.5 Phone support Live chat Fast response time No 24/7 support
education	4.0 Demo account Trading platform tutorial Educational videos No webinars	5.0 Demo account Trading platform tutorial Educational videos Materials are not well-organized
safety	Majority of clients belong to a top-tier financial authority High level of investor protection Does not hold a banking license Not listed on stock exchange Financial information is not publicly available	Majority of clients belong to a top-tier financial authority Negative balance protection Financial information is publicly available Does not hold a banking license Not listed on stock exchange
recommended for	Traders interested in algorithmic stock trading	Forex traders who value a user-friendly platform and great research tools

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