Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Oanda!
Last update of data—Sep 2022
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Recommended for traders interested in algorithmic stock trading.
Recommended for forex traders who value a user-friendly platform and great research tools.
Alpaca Trading
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Recommended for traders interested in algorithmic stock trading.
Oanda
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Recommended for forex traders who value a user-friendly platform and great research tools.
Alpaca Trading's service is on par with Oanda's and a comparison of their fees shows that Alpaca Trading's fees are slightly lower than Oanda's.
Account opening takes somewhat less effort at Alpaca Trading compared to Oanda, deposit and withdrawal processes are considerably more complicated at Alpaca Trading, while customer service quality is lower than Oanda's.
Our experts rated the trading platform of Alpaca Trading as somewhat worse than the platform of Oanda, found that clients have access to slightly more markets and products with Alpaca Trading, while Oanda provides somewhat lower-quality research and education.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
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