Compare Fidelity vs Oanda

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

Fidelity vs Oanda
open account	Visit broker	Visit broker 74-89% of retail CFD accounts lose money
overall rating	4.7	4.6
overall pros	Commission-free US stocks and ETFs Great trading platforms and research US and international stocks	Great trading platforms Outstanding research tools Fast and user-friendly account opening
overall cons	High mutual fund fees and margin rates Slower account verification Slow live chat	Only FX and CFD available No stock exchange listing and banking background Customer support is not 24/7
fees	4.1 Free stock and ETF trading Low bond fees No inactivity fee High fees for non-free mutual funds High margin fees	4.1 Low forex fees First credit/debit card withdrawal per month is free Average CFD fees
account opening	3.6 No minimum deposit User-friendly Many account types Slower account verification Not fully digital in some cases	4.4 Fully digital No minimum deposit
deposit and withdrawal	3.8 Free withdrawal No deposit fee Several account base currencies Credit/Debit card not available	4.2 Credit/Debit card available Free withdrawal No deposit fee High withdrawal fee for bank transfers and PayPal
web trading platform	4.5 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	4.5 User-friendly Good search function Good variety of order types No two-step (safer) login	5.0 User-friendly Two-step (safer) login Good search function No Touch/Face ID login
desktop trading platform	3.8 Clear fee report Good customizability (for charts, workspace) Good variety of order types No two-step (safer) login Loads bit slowly	4.5 User-friendly Clear fee report Good customizability (for charts, workspace) No price alerts
markets and products	3.9 Stock ETF Fund Bond Options Robo-advisory	1.6 Forex CFD
research	4.5 Good interactive chart Trading ideas Data on asset fundamentals News flow quality could be better	4.5 Good interactive chart Data on asset fundamentals Quality news flow Great API No trading ideas Research tools are poorly organized
customer service	3.9 Phone support Live chat Fast response time No 24/7 support Slow live chat	4.5 Phone support Live chat Fast response time No 24/7 support
education	3.9 Trading platform tutorial Educational videos Good production quality Demo account is only for desktop	4.5 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 Additional coverage by Fidelity No negative balance protection Does not hold a banking license Not listed on stock exchange	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	Investors and traders looking for solid research and great trading platforms	Forex traders who value a user-friendly platform and great research tools

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