Compare Barclays vs Oanda


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

Barclays vs Oanda
overall rating
4.3
4.4
overall pros
  • Low fees
  • Solid company background
  • Great fundamental research
  • Low trading fees
  • Great trading platforms
  • Outstanding research tools
overall cons
  • Limited to UK products
  • Current bank account is needed for mobile platform
  • Slow customer support
  • Only FX and CFD available
  • No stock exchange listing and banking background
  • Withdrawal fee can be high
fees
4.3
  • Low stock, ETF, fund, and bond fees
  • No withdrawal fee
  • No inactivity fee
  • Volume-based monthly customer 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
3.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Account opening only for UK residents
4.4
  • Fully digital
  • No minimum deposit
deposit and withdrawal
3.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Missing electronic wallets
4.2
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • High withdrawal fee for bank transfers and PayPal
web trading platform
3.4
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
desktop trading platform
4.5
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
markets and products
1.4
  • Stock
  • ETF
  • Fund
  • Bond
1.6
  • Forex
  • CFD
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
5.0
  • Good interactive chart
  • Data on asset fundamentals
  • Quality news flow
  • Great API
  • No trading ideas
  • Research tools are poorly organized
customer service
2.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • Slow support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
1.5
  • Educational videos
  • Quality educational articles
  • No demo account
  • No trading platform tutorial videos
  • No webinars
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
  • High level of investor protection
  • Banking background
  • All clients belong to a top-tier financial authority
  • 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 Long-term investors looking for a broker with low fees and solid background Forex traders who value a user-friendly platform and great research tools
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