Compare eToro vs Oanda


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

eToro vs Oanda
overall rating
4.7
4.4
overall pros
  • Free stock and ETF trading
  • Seamless account opening
  • Social trading experience
  • Great trading platforms
  • Outstanding research tools
  • Fast and user-friendly account opening
overall cons
  • High non-trading fees
  • Only one account base currency
  • Customer support can be improved
  • High forex fees
  • Only FX and CFD available
  • No stock exchange listing and banking background
fees
4.3
  • Low trading fees
  • Free stock and ETF trading
  • High non-trading fees
2.9
  • First credit/debit card withdrawal per month is free
  • High forex fees
  • High financing rate
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.4
  • Fully digital
  • No minimum deposit
deposit and withdrawal
3.5
  • Credit/Debit card available
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • $5 withdrawal fee
  • Conversion fee for non-USD deposits
4.2
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • High withdrawal fee for bank transfers and PayPal
web trading platform
4.4
  • User-friendly
  • Clear fee report
  • 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
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
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
3.8
  • Stock
  • ETF
  • Forex
  • CFD
  • Crypto
1.6
  • Forex
  • CFD
research
3.5
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • Analyst recommendations
  • No fundamental data available
  • No/poor quality news flow
5.0
  • Good interactive chart
  • Data on asset fundamentals
  • Quality news flow
  • Great API
  • No trading ideas
  • Research tools are poorly organized
customer service
3.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
  • Live chat is offline quite often
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
2.5
  • Demo account
  • Intro guide to the platform
  • Basic educational videos
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Well-known innovative fintech firm.
  • 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 social trading (i.e. copying other investors’ trades) & zero commission stock trading Forex traders who value a user-friendly platform and great research tools
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